2024-08-08T13:21:39-05:00 2023-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2022-10-01 463075530 PIVOT WORKS INC PIVO 6072808594 75 N MAIN STREET 2075 RANDOLPH MA 02368 LAURA CORDIER EXECUTIVE DIRECTOR 6072808594 2024-08-08 1 0 MATTHEW KALIL CPA MBA P01517069 9785575300 2024-08-07 2022 2024-08-08 14:25:15Z LAURA CORDIER 75 N MAIN STREET 2075 RANDOLPH MA 02368 6497303 0 X WWW.PIVOTWORKS.ORG X 2013 MA HEALTH CARE FOR THE INDIVIDUAL. SYSTEMS FOR THE POPULATION. INNOVATION FOR THE WORLD. 22 17 7 0 0 0 7559890 6441518 0 0 11985 46154 6601 9631 7578476 6497303 0 0 0 0 2894707 3058568 0 0 175174 3287856 4608753 6182563 7667321 1395913 -1170018 6495988 5652797 551865 832891 5944123 4819906 IN PARTNERSHIP WITH COMMUNITIES IN RESOURCE-POOR AREAS, PIVOT COMBINES ACCESSIBLE AND COMPREHENSIVE HEALTH CARE SERVICES WITH RIGOROUS SCIENTIFIC RESEARCH TO SAVE LIVES AND BREAK CYCLES OF POVERTY AND DISEASE. 0 0 6102487 MADAGASCAR HEALTH SERVICES - PIVOT WORKS COMBINES A MORAL AGENDA OF RIGHTS-BASED HEALTH CARE WITH THE PRACTICAL GOALS OF HEALTH SYSTEM STRENGTHENING (HSS) AT THREE CRITICAL LEVELS OF THE HEALTH SYSTEM; COMMUNITY HEALTH WORKERS, HEALTH CENTERS, AND DISTRICT HOSPITALS. SUBSTANTIAL RESOURCES ARE DEDICATED TO STRENGTHENING AND MAINTAINING ESSENTIAL HEALTH SYSTEM INFRASTRUCTURE, SUCH AS MEDICAL FACILITIES, EQUIPMENT, PERSONNEL, AMBULANCES AND DISPENSARIES. 593285 RESEARCH - FOCUSES ON MEASURING THE DISEASE BURDEN IN THE POPULATION OUTSIDE OF THE HEALTH FACILITIES IN MADAGASCAR. IN SOME INSTANCES, THE RESEARCH EFFORTS ARE ALSO DIRECTED TO BASIC SCIENCE QUESTIONS THAT HAVE LONG-TERM POTENTIAL TO CONTRIBUTE TO A BASIC UNDERSTANDING OF UNDERLYING CAUSES OF POVERTY AND DISEASE. 6695772 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 7 1 0 1 MA 0 0 0 0 0 0 0 0 0 0 X 22 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA X X THE ORGANIZATION 6072808594 75 N MAIN STREET 2075 RANDOLPH MA 02368 STEPHEN DELLA PIETRA DIRECTOR 0.50 X 0 0 0 VINCENT DELLA PIETRA DIRECTOR 0.50 X 0 0 0 EMMA UWODUKUNDA DIRECTOR 0.50 X 0 0 0 LUC SAMISON DIRECTOR 0.50 X 0 0 0 LARA HALL DIRECTOR 1.00 X 0 0 0 MAX HERRNSTEIN DIRECTOR 0.50 X 0 0 0 JAMES HERRNSTEIN DIRECTOR & CO-FOUNDER 1.00 X 0 0 0 BOB HOWER DIRECTOR 1.00 X 0 0 0 MARK KRASNOW DIRECTOR 1.00 X 0 0 0 EDWARD M NORTON DIRECTOR 1.00 X 0 0 0 BRITTANY POWELL DIRECTOR 1.00 X 0 0 0 MANU PRAKASH DIRECTOR 0.50 X 0 0 0 TAHIRY RAVELOSON DIRECTOR 1.00 X 0 0 0 PATRICIA WRIGHT DIRECTOR 0.50 X 0 0 0 FARAMALALA RABEMANANJARA DIRECTOR 0.50 X 2350 0 0 SEHENO RANDRIAMANANTENA DIRECTOR 0.50 X 0 0 0 MICHAEL RICH DIRECTOR/SENIOR CLINICAL ADVISOR 10.00 X 32974 0 5819 BENJAMIN ANDRIAMIHAJA DIRECTOR/GOVERNMENT ADVISOR 10.00 X 35000 0 4027 ROBIN HERRNSTEIN CHAIRWOMAN & CO-FOUNDER 2.00 X X 0 0 0 TYLER SALTIEL TREASURER 2.00 X X 0 0 0 TARA LOYD DIRECTOR & ED EMERITUS 32.00 X X 101212 0 16917 MATTHEW BONDS CO-FOUNDER & SCIENTIFIC DIRECTOR 25.00 X X 79366 0 18152 LAURA CORDIER EXECUTIVE DIRECTOR 40.00 X 86042 0 20178 336944 0 65093 1 0 0 1 0 6441518 6441518 46154 46154 OTHER INCOME 900099 9631 9631 9631 6497303 0 0 55785 332438 288691 2217 41530 1648209 1405530 198739 43940 864722 740852 96234 27636 213199 182457 22268 8474 2891 1879 983 29 184616 184616 747801 703283 42374 2144 478289 291582 146807 39900 173978 127459 45001 1518 411217 370571 31508 9138 81357 62531 18547 279 PROGRAM OPERATIONS 2512359 2508954 2876 529 OTHER EXPENSES 16245 11983 4205 57 7667321 6695772 796375 175174 2903813 2214046 2374928 2362458 441883 200426 604657 438821 1171404 933194 168004 238210 2703 198836 6495988 5652797 551865 633185 0 199706 551865 832891 X 5427652 4664298 516471 155608 5944123 4819906 6495988 5652797 X -1170018 45801 X X 0 1 X 1 0 X 6087850 4028355 6732103 7559890 6441518 30849716 6087850 4028355 6732103 7559890 6441518 30849716 11997539 18852177 8217 2493 1372 11985 46154 70221 6601 9631 16232 30936169 0.60940 0.60230 X SCHEDULE A, PART III, COLUMN B: THE PRIOR YEAR FIGURES IN COLUMN B REPRESENT A NINTH MONTH PERIOD FROM JANUARY 1, 2020 TO SEPTEMBER 30, 2020. THE ORGANIZATION CHANGED ITS FISCAL YEAR-END DATE FROM DECEMBER 31ST TO SEPTEMBER 30TH IN 2020. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 404153 331885 72268 767251 601309 165942 238210 OPERATING LEASE LIABILITIES 199706 199706 X 6543104 45801 45801 6497303 0 6497303 7667321 0 7667321 0 7667321 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF SEPTEMBER 30, 2023, MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENT OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF SEPTEMBER 30, 2023. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON FOREIGN CURRENCY EXCHANGE 45,801. SUB-SAHARAN AFRICA 4 246 PROGRAM SERVICES HEALTH SYSTEM STRENGTHENING & RESEARCH 6695772 4 246 0 0 4 246 6695772 0 6695772 1 0 0 0 0 0 PART III ACCOUNTING METHOD: X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MATTHEW BONDS CO-FOUNDER & SCIENTIFIC DIRECTOR 79366 0 0 0 0 0 0 0 18152 0 97518 0 0 0 MICHAEL RICH DIRECTOR/SENIOR CLINICAL ADVISOR 32974 0 0 0 0 0 0 0 5819 0 38793 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - PIVOT PROVIDES TICKETS FOR THE EXECUTIVE DIRECTOR'S FAMILY TO ACCOMPANY HER TO FRANCE ONCE A YEAR AS PART OF HER COMPENSATION PACKAGE. APART FROM THIS, PIVOT POLICY INCLUDES A SINGLE ADDITIONAL TICKET TO MADAGASCAR FOR ANY US STAFF WHO HAS STAYED FOR 3 YEARS IN THEIR JOB. FORM 990, PART VII, QUESTION 5: IN CALENDAR YEAR 2022, MATTHEW BONDS WAS AN EMPLOYEE OF HARVARD MEDICAL SCHOOL (HMS). PIVOT WORKS, INC. HELD A GRANT AGREEMENT WITH HMS IN WHICH BONDS' SALARY WAS SUPPORTED IN THE AMOUNT OF $97,518 IN CALENDAR YEAR 2022, MICHAEL RICH WAS AN EMPLOYEE OF BRIGHAM AND WOMEN'S HOSPITAL (BWH). HIS BWH PAYROLL WAS REIMBURSED BY PIVOT WORKS, INC. FOR SERVICES RENDERED IN THE AMOUNT OF $38,793 THE REIMBURSEMENT OF THE ABOVE PERSONNEL'S PAYROLL BY PIVOT WORKS, INC. (HMS OR BWH) FOR THE PERIOD OF OCTOBER 1ST, 2022 TO SEPTEMBER 30, 2023 WAS REFLECTED AS OFFICER OR DIRECTOR COMPENSATION AND INCLUDED ON LINE 5 OF THE STATEMENT OF FUNCTIONAL EXPENSES. THESE AMOUNTS TOTALED $131,143 FOR MATTHEW BONDS AND $23,849 FOR MICHAEL RICH. FORM 990, PART VI, SECTION A, LINE 2 JAMES HERRNSTEIN (DIRECTOR) AND ROBIN HERRNSTEIN (DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. JAMES HERRNSTEIN AND MAX HERRSTEIN (DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. VINCENT DELLA PIETRA (DIRECTOR) AND STEPHEN DELLA PIETRA (DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. EDWARD NORTON (DIRECTOR) AND MATTHEW BONDS (CO-FOUNDER & SCIENTIFIC DIRECTOR) HAVE A FAMILIAL RELATIONSHIP. JIM HERRNSTEIN, STEPHEN DELLA PIETRA AND VINCENT DELLA PIETRA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S CPA FIRM AND REVIEWED IN DEPTH BY THE HR & FINANCE OFFICER, EXECUTIVE DIRECTOR AND FINANCE COMMITTEE. IT IS THEN REVIEWED BY THE GOVERNING BODY PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE STAFF, BOARD MEMBERS, OFFICERS AND RELATED PERSONNEL OF PIVOT WORKS, INC. ARE REQUIRED TO SELF-DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST WHEN SUCH AN ISSUE ARISES. IT WILL BE BROUGHT UP TO OFFICER'S ATTENTION AND TO A BOARD MEETING FOR DISCUSSION. ANY NECESSARY ACTIONS ILLUSTRATED ON THE CONFLICT OF INTEREST POLICY OF PIVOT WORKS INC. WILL BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 PIVOT WORKS INC. DEVELOPED IT'S COMPENSATION SCALE VIA RESOURCES PROVIDED BY A THIRD PARTY HR SERVICE COMPANY, AS WELL AS DISCUSSION AMONG ITS GOVERNING BOARD MEMBERS. THE CEO, OFFICERS AND EMPLOYEES WERE PAID BASED ON THEIR EXPERIENCE AND EDUCATION QUALIFICATIONS. PIVOT'S POLICIES COMMIT IT TO RE-TAKING AND RE-EVALUATING ITS SALARY SCALE BASED ON A THIRD PARTY SALARY COMPARABILITY STUDY EVERY THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON FOREIGN CURRENCY EXCHANGE 45,801. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.