Accumulus Synergy Inc
- Assets
- $63.7m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Burlingame, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2130952
Organization Overview
Accumulus Synergy Inc is located in Burlingame, CA. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Accumulus Synergy Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Accumulus Synergy Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Accumulus Synergy Inc generated $17.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $25.8m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ACCUMULUS SYNERGY IS A GLOBAL NON-PROFIT ORGANIZATION DEVELOPING A NEXT GENERATION COMMUNICATION AND COLLABORATION PLATFORM THAT AIMS TO TRANSFORM THE CURRENT METHODS OF INFORMATION AND DATA EXCHANGE IN THE LIFE SCIENCE & REGULATORY ECOSYSTEM, ULTIMATELY BENEFITING PATIENTS AROUND THE GLOBE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEY PROGRAM SERVICE ACHIEVEMENTS IN 2022 INCLUDE SCALING UP THE ORGANIZATION TO ACCELERATE CONTINUED DEVELOPMENT OF THE PLATFORM; GATHERING OF BUSINESS USE CASE REQUIREMENTS; AND ENGAGEMENT WITH MULTIPLE HEALTH AUTHORITIES GLOBALLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Chadwick Chair | OfficerTrustee | 1.5 | $0 |
Eddie Reilly Vice Chair | OfficerTrustee | 1.5 | $0 |
Karin Van Baelen Board Member | Trustee | 1.5 | $0 |
Helen Fitton Board Member | Trustee | 1.5 | $0 |
Susanne Gronen Board Member | Trustee | 1.5 | $0 |
Pandu Kulkarni Board Member | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Detroit Labs Llc Staff Augmentation | 12/30/22 | $5,217,131 |
Google Llc Cloud Storage & Software Development | 12/30/22 | $3,402,946 |
Scimitar Inc Staff Augmentation | 12/30/22 | $2,356,331 |
Covington & Burling Llp Legal Services | 12/30/22 | $1,298,091 |
Rivir Llc Staff Augmentation | 12/30/22 | $1,426,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,330,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,330,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,853 |
| 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 | $17,341,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,007 |
| 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. | $1,068,128 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,955,755 |
| Pension plan accruals and contributions | $85,668 |
| Other employee benefits | $520,774 |
| Payroll taxes | $273,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,303,829 |
| Fees for services: Accounting | $56,703 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,852,590 |
| Advertising and promotion | $83,455 |
| Office expenses | $146,364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,778 |
| Travel | $289,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,835 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,289 |
| All other expenses | $1,642 |
| Total functional expenses | $25,822,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,570,858 |
| Savings and temporary cash investments | $14,509,190 |
| Pledges and grants receivable | $13,330,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $262,311 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,672,359 |
| Accounts payable and accrued expenses | $4,620,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $4,620,671 |
| Net assets without donor restrictions | $59,051,688 |
| 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 | $63,672,359 |