Pharos Global Health Advisors Ltd
- Assets
- $994.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Newton, MA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-2764710
Organization Overview
Pharos Global Health Advisors Ltd is located in Newton, MA. The organization was established in 2016. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 12/2021, Pharos Global Health Advisors Ltd employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pharos Global Health Advisors Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pharos Global Health Advisors Ltd generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 21.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH, MAINTAIN AND OPERATE A NON-PROFIT ORGANIZATION WHICH PROVIDES ANALYSIS AND POLICY ADVICE ON HEALTH CARE AND NUTRITION SERVICE CHALLENGES TO GOVERNMENTAL AUTHORITIES IN DEVELOPING COUNTRIES, PUBLIC SECTOR DONOR AGENCIES AND PHILANTHROPIC ORGANIZATIONS, TOWARDS THE GOAL OF SAVING LIVES AND IMPROVING HEALTH OUTCOMES FOR IMPOVERISHED INDIVIDUALS IN LOW AND MIDDLE INCOME COUNTRIES, IN MANNERS EXCLUSIVELY CONSISTENT WITH EDUCATIONAL AND CHARITABLE PURPOSES AS DEFINED WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR A CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE (THE "CODE"), AND REGULATIONS THEREUNDER.====================================================================================
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT #1 - WITH THE GLOBAL FUND PROJECTS, PHAROS ASSESSED THE RISKS, AND PROPOSED MITIGATION STRATEGIES, TO HELP COUNTRIES (ANGOLA, COLUMBIA, ECUADOR, GUATEMALA, HAITI AND EASTERN CARIBBENA) TO COPE WITH THE WITHDRAWAL OF DONOR FUNDING AND TO SUSTAIN AND RUN THEIR HIV PROGRAMS ON THEIR OWN.
PROJECT #2 - WITH THE UNAIDS PROJECTS, PHAROS DEVELOPED SCENARIOS FOR FUTURE NATIONAL HIV PROGRAMS IN TUNISIA, NAMIBIA AND TANZANIA, AND ASSESSED THE PROSPECTS OF ALGERIA, MOROCCO, AND JAMAICA TO TRANSITION FROM EXTERNAL FUNDING FOR HIV PREVENTION AND TREATMENT.ACCOMPLISHMENTS - DEVELOPED A TRANSITION RISK ASSESSMENT FOR TANZANIA, MOROCCO AND ALGERIA AS THE GLOBAL FUND PLANS TO GRADUALLY WITHDRAW FUNDING FOR HIV AND TB PROGRAMS.
PROJECT #3 - WITH ALIMA, PHAROS IS ESTIMATING THE COST OF DELIVERING A PACKAGE OF MATERNAL AND CHILD HEALTH SERVICES TO AFRICA AND TO CALCULATE THE COST-EFFECTIVENESS OF INNOVATIVE INTERVENTION STRATEGIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hecht President | OfficerTrustee | 40 | $315,000 |
Shan Soe-Lin Managing Director | 40 | $129,166 | |
Nathan R Isaacs Assoc Prog Officer | 40 | $58,150 | |
Alexa I Straus Senior Prog Assoc. | 40 | $28,606 | |
Grace Q Chen Program Associate | 40 | $28,325 | |
Claire J Young Assoc Prog Officer | 40 | $26,052 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,729 |
| Total Program Service Revenue | $1,177,126 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,267,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $315,000 |
| Compensation of current officers, directors, key employees. | $78,750 |
| Compensation to disqualified persons | $277,800 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $236 |
| Payroll taxes | $41,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $670 |
| Fees for services: Accounting | $32,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,504 |
| Advertising and promotion | $49 |
| Office expenses | $1,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,966 |
| Travel | $8,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,040 |
| Insurance | $3,506 |
| All other expenses | $5,936 |
| Total functional expenses | $1,156,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,089 |
| Loans from Officers, Directors, or Controlling Persons | $45,839 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $734 |
| Net Land, buildings, and equipment | $2,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,472 |
| Total assets | $994,555 |
| Accounts payable and accrued expenses | $7,706 |
| Grants payable | $0 |
| Deferred revenue | $12,295 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,459 |
| Total liabilities | $104,460 |
| Net assets without donor restrictions | $890,095 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $994,555 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pharos Global Health Advisors Ltd has recieved totaling $207,421.
| Awarding Organization | Amount |
|---|---|
President And Fellows Of Harvard College Cambridge, MA PURPOSE: SPONSORED RESEARCH SUB-AWARD | $207,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detectives Endowment Association Retirees Health Benefits Fund New York, NY | $3,766,379 | $20,182,671 |
F A Bartlett Tree Expert Co Veba Health Benefits Plan Stamford, CT | $425,363 | $16,893,698 |
Guardians Of The Sick Inc Brooklyn, NY | $5,970,531 | $15,096,609 |
Primary Care Development Corporation New York, NY | $131,968,263 | $17,167,926 |
Supplemental Health Insurance Program New York, NY | $18,871,693 | $10,314,338 |
Community Health Care Association Of New York State Inc New York, NY | $3,005,957 | $10,507,423 |
Rochester General Health System Workers Compensation Trust Rochester, NY | $64,779,425 | $9,122,686 |
T1d Exchange Inc Boston, MA | $15,898,353 | $12,562,518 |
Healthlinkny Inc Binghamton, NY | $4,803,344 | $8,971,239 |
Southampton Hospital Association Southampton, NY | $88,601,547 | $8,188,950 |
Community Health Center Association Of Connecticut Inc Cheshire, CT | $2,737,067 | $7,064,326 |
Detectives Endowment Association Health Benefits Fund New York, NY | $393,840 | $6,970,697 |