Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Designwise Medical Incorporated
EIN 26-3416367 • 501(c)3 • Loretto, MN
Profile
Develop and deliver medical devices
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.24x
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
44th percentile
Higher net margin than 44% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
15th percentile
Faster asset growth than 15% of similar nonprofits.
Revenue Growth
39th percentile
Faster revenue growth than 39% of similar nonprofits.
Balance Sheet
Assets
Down$13,259
Down $29,678 (-69%) from 2013
Liabilities
Down$16,442
Down $29,559 (-64%) from 2013
Net Assets
Down-$3,183
Down $119 (-3.9%) from 2013
Revenue
Down$103,655
Down $16,644 (-14%) from 2013
Expenses
Up$103,774
Up $7,343 (+7.6%) from 2013
Net Income
Down-$119
Down $23,987 (-100%) from 2013
Trend Graphs
Filings
Most recent year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $13,259
- Liabilities
- $16,442
- Net assets
- -$3,183
- Revenue
- $103,655
- Expenses
- $103,774
- Net income
- -$119
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- May 14, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $103,655
Mission and Program Overview
Mission
Develop and deliver medical devices
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DEVELOPMENT AND DELIVERY OF DEVICES TO THE PEDIATRIC MARKETPLACE FOR CHILDRENS UNMET MEDICAL NEEDS | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BRADLEY SLAKER | Vice Chairceo | PT | $0 | - | - |
| JAMES HARTMAN | Treasurer | - | $0 | - | - |
| PHILIP KADING | Director | - | $0 | - | - |
| DR GWEN FISCHER | Director | - | $0 | - | - |
| ALBERT EMOLA | Director | - | $0 | - | - |
| JULI DENNY | Chair | - | $0 | - | - |
| SUSAN WINGERT | Director | - | $0 | - | - |
| TOM MCGOLDRICK | Director | - | $0 | - | - |
| ROY MAYNARD | Director | - | $0 | - | - |
| MARK KRAUS | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Designwise Medical Incorporated
- EIN
- 26-3416367
- Address
- 5310 SALEM LANE, Loretto, MN 55357
Signing Officer
- Name
- Brad Slaker
- Title
- Chairman and Ce
- Phone
- 6123852015
- Signed
- 2015-05-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Betts & Hayes Ltd
- Address
- 801 Meander Court, Medina, MN 55340
- Preparer
- George D Betts CPA
- Phone
- 7634783169
Supplemental Narrative
Additional Explanations
Description of other expenses Part I line 16
“Description AmountFines and Penalties 1,566COMPONENTS & MATERIALS 3,769PROJECT TOOLS 1,265BOOKS AND REFERENCE 326SUPPLIES 2,338SUPPLIES-IT SOFTWARE 1,235Project Supplies 3,475TELEPHONE AND INTERNET 1,844Website 333INSURANCE 4,721In-house Publication Expense 100MEMBERSHIP DUES 1,740OTHER COSTS 458STAFF DEVELOPMENT 1,900Fundraising Fees 9,601Health Insurance Stipend 2,100CONFERENCES AND MEETINGS 3,201TRAVEL 3,709Other Research and Development 211VOLUNTEER RECRUITMENT 94PATENT COSTS 1,500Charitable Contributions 381DEPRECIATION 643PAYROLL TAXES 3,637Payroll Service Fees 329”
Other changes in net assets or fund balances Part I line 20
“FUND BALANCE ADJUSTMENT”
Description of other assets Part II line 24
“Category Beginning of Year End of YearSEC DEPOSIT 450 810”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearACCOUNTS PAYABLE 35,942 16,442PAYROLL LIABILITIES 10,059 0”
Raw XML Appendix185 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
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| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 9703 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 103146 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 13259 |
| IRS990EZ/GrossReceiptsAmt | 0 | 103655 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
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| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 2746 |
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| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -3183 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | BRADLEY SLAKER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JAMES HARTMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PHILIP KADING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DR GWEN FISCHER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ALBERT EMOLA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JULI DENNY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | SUSAN WINGERT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | TOM MCGOLDRICK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | ROY MAYNARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | MARK KRAUS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VICE CHAIRCEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 450 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 810 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 50476 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | DEVELOP AND DELIVER MEDICAL DEVICES |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1483 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DEVELOPMENT AND DELIVERY OF DEVICES TO THE PEDIATRIC MARKETPLACE FOR CHILDRENS UNMET MEDICAL NEEDS |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 46001 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 16442 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 103774 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 103655 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 20112 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 308768 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.82570 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.87000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 254943 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 53825 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 103655 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 34592 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 308768 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description AmountFines and Penalties 1,566COMPONENTS & MATERIALS 3,769PROJECT TOOLS 1,265BOOKS AND REFERENCE 326SUPPLIES 2,338SUPPLIES-IT SOFTWARE 1,235Project Supplies 3,475TELEPHONE AND INTERNET 1,844Website 333INSURANCE 4,721In-house Publication Expense 100MEMBERSHIP DUES 1,740OTHER COSTS 458STAFF DEVELOPMENT 1,900Fundraising Fees 9,601Health Insurance Stipend 2,100CONFERENCES AND MEETINGS 3,201TRAVEL 3,709Other Research and Development 211VOLUNTEER RECRUITMENT 94PATENT COSTS 1,500Charitable Contributions 381DEPRECIATION 643PAYROLL TAXES 3,637Payroll Service Fees 329 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FUND BALANCE ADJUSTMENT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearSEC DEPOSIT 450 810 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearACCOUNTS PAYABLE 35,942 16,442PAYROLL LIABILITIES 10,059 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRAD SLAKER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN AND CE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6123852015 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-05-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DESIGNWISE MEDICAL INCORPORATED |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DESI |
| ReturnHeader/Filer/EIN | 0 | 263416367 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 5310 SALEM LANE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Loretto |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55357 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 411619880 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Betts & Hayes Ltd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 801 Meander Court |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Medina |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 55340 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7634783169 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-11-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | George D Betts CPA |
| ReturnHeader/ReturnTs | 0 | 2015-11-16T09:10:53-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
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