Civic Intelligence

Wings the Washington Technology An

EIN 27-2259728 • 501(c)6 • Seattle, WA

Profile

Wings is a non-profit angel network that facilitates seed and early stage investments for medical technology companies in washington state. The mission is to close the gap in early stage funding to accelerate the translation of medical technology innovation from the lab bench to patients. Wings does not provide grant money or invest in companies.

1551 Eastlake Ave E Rm/Ste 300Seattle, WA 98102-7402

www.medtechwings.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

87th percentile

29%

Higher net margin than 87% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

21st percentile

-25%

Faster asset growth than 21% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2015 to 2018

Revenue Growth

37th percentile

-6.5%

Faster revenue growth than 37% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2015 to 2018

Assets

Up

$13,662

Up $13,662 from 2017

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$13,662

Up $17,978 (+417%) from 2017

Revenue

Up

$62,385

Up $7,170 (+13%) from 2017

Expenses

Down

$44,406

Down $35,916 (-45%) from 2017

Net Income

Up

$17,979

Up $43,086 (+172%) from 2017

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0-$20KAssets 2014: $48,948Net Assets 2014: $48,9482014Assets 2015: $32,698Liabilities 2015: $84Net Assets 2015: $32,6142015Assets 2016: $20,791Net Assets 2016: $20,7912016Assets 2017: $0Liabilities 2017: $4,316Net Assets 2017: -$4,3162017Assets 2018: $13,662Net Assets 2018: $13,6622018

Highlighted filing

2018

Assets$13,662
Liabilities-
Net Assets$13,662

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2014: $82,119Expenses 2014: $87,567Net Income 2014: -$5,4482014Revenue 2015: $76,340Expenses 2015: $92,677Net Income 2015: -$16,3372015Revenue 2016: $74,630Expenses 2016: $86,455Net Income 2016: -$11,8252016Revenue 2017: $55,215Expenses 2017: $80,322Net Income 2017: -$25,1072017Revenue 2018: $62,385Expenses 2018: $44,406Net Income 2018: $17,9792018

Highlighted filing

2018

Revenue$62,385
Expenses$44,406
Net Income$17,979

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 7, 2019
Return Version
2018v3.1
Gross Receipts
$62,385
Mission and Program Overview

Mission

Wings is a non-profit angel network that facilitates seed and early stage investments for medical technology companies in washington state. The mission is to close the gap in early stage funding to accelerate the translation of medical technology innovation from the lab bench to patients. Wings does not provide grant money or invest in companies.

Program Services

DescriptionGrantsExpenses
WINGS PROVIDES INCREASED DEAL FLOW AND RIGOROUS SCREENING OF MEDICAL TECHNOLOGY OPPORTUNITIES. SINCE INCEPTION, WINGS VOLUNTEER SCREENING COMMITTEE MEMBERS SCREENED 344 DEALS, AND SELECTED 91 TO PRESENT IN FRONT OF ANGEL INVESTORS AT THE INVESTOR MEETINGS.--
WINGS IS A HUB OF MEDICAL TECHNOLOGY EXPERTISE FOR SCREENING INVESTMENT OPPORTUNITIES, NETWORKING AND MENTORSHIP. TWENTY-FOUR WASHINGTON- BASED COMPANIES HAVE RECEIVED INVESTMENT FROM ANGEL INVESTORS AS A RESULT OF THE WINGS INVESTOR MEETINGS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KY CALDERBoard Of Director-$0--
ANDY ALBERTSONBoard Of Director-$0--
JOE GIFFORDBoard Of Director-$0--
LESLIE ALEXANDREBoard Of Director-$0--
TOM CLEMENTBoard Of Director-$0--
MICHAEL HOVANESBoard Of Director-$0--
STEFAN KRAEMERBoard Of Director-$0--
RYAN LANDONBoard Of Director-$0--
LORETTA LITTLEBoard Of Director-$0--
H STEWART PARKERBoard Of Director-$0--
ERIC LARSENBoard Of Director-$0--
DICK ROHDEBoard Of Director-$0--
WAYNE WAGERBoard Of Director-$0--
M PATRICIA BECKMANNManaging Director-$0--
BILL WALLERBoard Of Director-$0--
Filing and Contact Details

Filer

Filer Name
Wings the Washington Technology an
EIN
27-2259728
Phone
2064569580
Address
1551 EASTLAKE AVE E RM/STE 300, SEATTLE, WA 98102-7402

Signing Officer

Name
Eric Larsen
Title
Board of Directors
Phone
2064569580
Signed
2019-08-07
Discuss with paid preparer
Yes

Preparer

Firm
BRADY & COMPANY CPA'S
Address
8326 196TH STREET SW, EDMONDS, WA 98026
Preparer
D William Brady Jr
Phone
4257747142
Supplemental Narrative

Additional Explanations

Form 990-ez, Page 1, Item C

Wings, the washington technology angel network

Form 990-ez, Part I, Line 16

Expenses advertising & promotion 1,171 travel 80 conferences & meetings 19,590 bank charges 1,252 dues & subscriptions 950 total 23,043

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 4,317 0

Form 990-ez, Part III

Wings is a non-profit angel network that facilitates seed and early stage investments for medical technology companies in washington state. The mission is to close the gap in early stage funding to accelerate the translation of medical technology innovation from the lab bench to patients. Wings does not provide grant money or invest in companies.

Form 990-ez, Part III, Line 28

Wings provides increased deal flow and rigorous screening of medical technology opportunities. Since inception, wings volunteer screening committee members screened 344 deals, and selected 91 to present in front of angel investors at the investor meetings.

Form 990-ez, Part III, Line 31

Wings is a hub of medical technology expertise for screening investment opportunities, networking and mentorship. Twenty-four washington- based companies have received investment from angel investors as a result of the wings investor meetings.

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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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