Accumulus Synergy Inc
- Assets
- $72.2m
- Revenue
- $6.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Burlingame, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-2130952
Organization Overview
Accumulus Synergy Inc is located in Burlingame, CA. As of 12/2021, Accumulus Synergy Inc employed 3 individuals. 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 12/2021, Accumulus Synergy Inc generated $6.3k in total revenue. All expenses for the organization totaled $14.8m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACCUMULUS SYNERGY INC. WILL DRAMATICALLY ACCELERATE CRITICAL THERAPIES TO CITIZENS OF THE WORLD BY REIMAGINING THE INTERACTION AND INFORMATION EXCHANGE BETWEEN STAKEHOLDERS IN THE HEALTHCARE ECOSYSTEM TO STREAMLINE THE REGULATORY LIFECYCLE. ACCUMULUS SYNERGY IS COMMITTED TO ADVANCING THE COMMON INTEREST OF THE LIFE SCIENCES AND REGULATORY INDUSTRIES, SEEKING TO BENEFIT ALL ORGANIZATIONS THAT WILL USE THE ACCUMULUS PLATFORM AND WHO SEEK TO IMPROVE GLOBAL PUBLIC HEALTH OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL PLATFORM DEVELOPMENT: A. COMPLETED A PROOF-OF-CONCEPT PROCESS WITH TWO CLOUD INFRASTRUCTURE LEADERS B. SELECTED A CLOUD INFRASTRUCTURE PARTNER C. DEVELOPED A WORKING PROTOTYPE OF SELECT PLATFORM FEATURES D. GATHERED BUSINESS REQUIREMENTS WITH 10 LIFE SCIENCES COMPANIES AND 8+ HEALTH AUTHORITIES FOR THE TWO INITIAL USE CASES (1) SUBMISSION REVIEW AND COLLABORATION; 2) DATA EXCHANGE: CMC) E. BEGAN THE DEVELOPMENT OF THE FOUNDATIONAL CLOUD PLATFORM F. CREATED A PRELIMINARY PRODUCT ROADMAP FOR FUTURE APPLICATION EXPANSION
REGULATORY INNOVATION: A. FORMALLY ENGAGED WITH SEVERAL HEALTH AUTHORITIES AT VARYING LEVELS OF FORMALITY; 1. FDA (RESEARCH COLLABORATION AGREEMENT SIGNED) 2. EMA - EUROPEAN MEDICINES AGENCY 3. PMDA - JAPAN 4. MHRA - UK 5. DKMA - DENMARK 6. SWISSMEDIC - SWITZERLAND 7. HEALTH CANADA - CANADA 8. TGA - AUSTRALIA 9. HSA - SINGAPORE 10. ISRAELI MINISTRY OF HEALTH - ISRAEL 11. BFARM - GERMANY 12. MEB - NETHERLANDS B. PRESENTED AT SEVERAL EXTERNAL INDUSTRY EVENTS, INCLUDING BUT NOT LIMITED TO; 1. DIA (DRUG INFORMATION ASSOC) GLOBAL 2. DIA JAPAN 3. DIA EUROPE 4. DIA SINGAPORE 5. SEMICON WEST 6. HERO FORUM 7. PHUSE 8. ICH
ORGANIZATIONAL INFRASTRUCTURE: A. HIRED A CHIEF EXECUTIVE OFFICER AND A CHIEF TECHNOLOGY OFFICER B. IMPLEMENTED BENEFITS PACKAGE FOR FULL-TIME EMPLOYEES C. DEVELOPED A WORKFORCE PLAN TO ENABLE SHIFT FROM STAFF AUGMENTATION CONTRACTORS TO FULL-TIME EMPLOYEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Consulting Llp Consulting | 12/30/21 | $5,550,375 |
Google Llc Cloud Storage & Software Development | 12/30/21 | $2,525,600 |
Covington & Burling Llp Legal Services | 12/30/21 | $1,382,047 |
Scimitar Inc Staff Augmentation | 12/30/21 | $1,179,388 |
Detroit Labs Llc Staff Augmentation | 12/30/21 | $1,125,432 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $6,272 |
| 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 | $6,274 |
| 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. | $481,206 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,464 |
| Payroll taxes | $31,773 |
| Fees for services: Management | $5,595,392 |
| Fees for services: Legal | $1,447,851 |
| Fees for services: Accounting | $20,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,679,626 |
| Advertising and promotion | $122,261 |
| Office expenses | $13,325 |
| Information technology | $468,956 |
| Royalties | $0 |
| Occupancy | $6,600 |
| Travel | $23,794 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,798,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,098,958 |
| Savings and temporary cash investments | $14,506,338 |
| Pledges and grants receivable | $38,550,000 |
| 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 | $48,618 |
| 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 | $72,203,914 |
| Accounts payable and accrued expenses | $4,638,593 |
| 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 | $4,638,593 |
| Net assets without donor restrictions | $67,565,321 |
| 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 | $72,203,914 |
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