Civic Intelligence

Ri Bio

EIN 46-2858053 • 501(c)6 • Providence, RI

Profile

RI Bio's mission is to support the health care industry by galvanizing collaboration between the health technologies companies, hospitals, universities, sources of capital and governmental partners to support and accelerate health technology development in Rhode Island.

PO Box 5680Providence, RI 02903

ri-bio.org

Siviq Scores

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

Liabilities / Assets

84th percentile

0.39x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

46th percentile

0.03x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

20th percentile

-8.5%

Higher net margin than 20% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

3rd percentile

-57%

Faster asset growth than 3% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-18%

Faster revenue growth than 10% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$42,269

Down $55,735 (-57%) from 2023

Liabilities

Down

$16,367

Down $9,354 (-36%) from 2023

Net Assets

Down

$25,902

Down $46,381 (-64%) from 2023

Operations
Liabilities / Revenue46th percentileNet Margin20th percentile

Revenue

Down

$544,166

Down $117,222 (-18%) from 2023

Expenses

Down

$590,547

Down $81,066 (-12%) from 2023

Net Income

Down

-$46,381

Down $36,156 (-354%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

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

$300K$200K$100K$0Assets 2014: $26,944Liabilities 2014: $0Net Assets 2014: $26,9442014Assets 2015: $75,707Liabilities 2015: $0Net Assets 2015: $75,7072015Assets 2016: $83,267Liabilities 2016: $0Net Assets 2016: $83,2672016Assets 2017: $25,437Liabilities 2017: $0Net Assets 2017: $25,4372017Assets 2018: $47,627Liabilities 2018: $0Net Assets 2018: $47,6272018Assets 2019: $50,952Liabilities 2019: $0Net Assets 2019: $50,9522019Assets 2020: $60,944Liabilities 2020: $41,122Net Assets 2020: $19,8222020Assets 2021: $228,555Liabilities 2021: $146,396Net Assets 2021: $82,1592021Assets 2022: $119,673Liabilities 2022: $37,165Net Assets 2022: $82,5082022Assets 2023: $98,004Liabilities 2023: $25,721Net Assets 2023: $72,2832023Assets 2024: $42,269Liabilities 2024: $16,367Net Assets 2024: $25,9022024

Highlighted filing

2024

Assets$42,269
Liabilities$16,367
Net Assets$25,902
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2014: $54,010Expenses 2014: $27,066Net Income 2014: $26,9442014Revenue 2015: $98,250Expenses 2015: $49,487Net Income 2015: $48,7632015Revenue 2016: $110,486Expenses 2016: $102,926Net Income 2016: $7,5602016Revenue 2017: $186,673Expenses 2017: $244,503Net Income 2017: -$57,8302017Revenue 2018: $296,159Expenses 2018: $273,969Net Income 2018: $22,1902018Revenue 2019: $143,615Expenses 2019: $140,290Net Income 2019: $3,3252019Revenue 2020: $452,799Expenses 2020: $456,359Net Income 2020: -$3,5602020Revenue 2021: $446,723Expenses 2021: $384,386Net Income 2021: $62,3372021Revenue 2022: $686,804Expenses 2022: $697,430Net Income 2022: -$10,6262022Revenue 2023: $661,388Expenses 2023: $671,613Net Income 2023: -$10,2252023Revenue 2024: $544,166Expenses 2024: $590,547Net Income 2024: -$46,3812024

Highlighted filing

2024

Revenue$544,166
Expenses$590,547
Net Income-$46,381
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$42,269
Liabilities
$16,367
Net assets
$25,902
Revenue
$544,166
Expenses
$590,547
Net income
-$46,381
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.16$0.26$5.44$5.91$0.46
2023Detailed filing. Detailed filing data is available for this year.$0.98$0.26$0.72$6.61$6.72$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.20$0.37$0.83$6.87$6.97$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.29$1.46$0.82$4.47$3.84$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.61$0.41$0.20$4.53$4.56$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$1.44$1.40$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$2.96$2.74$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.87$2.45$0.58
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$1.10$1.03$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.98$0.49$0.49
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.54$0.27$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$544,166
Mission and Program Overview

Mission

Medmates is a health-tech industry network group, connecting people and companies to support and accelerate opportunities in rhode island. It includes members from the academic, biotech, diagnostics, government, information, medical device, and pharmaceutical sectors.

To support the health care industry by galvanizing collaboration between the health technologies companies, hospitals, universities, sources of capital and governmental partners to support and accelerate health technology development in rhode island.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$93,028$40,935▼ $52,093
Rtn Earn Endowment Incm Other Fnds$72,283$25,902▼ $46,381
Accounts Receivable$3,661--
Prepaid Expenses and Deferred Charges$1,315--
Total Assets$98,004$42,269▼ $55,735
Other Assets Total-$1,334-
Liabilities
Accounts Payable and Accrued Expenses$25,721--
Other Liabilities-$16,367-
Total Liabilities$25,721$16,367▼ $9,354
Net Assets / Fund Balance
Total Net Assets Fund Balance$72,283$25,902▼ $46,381
Total Liabilities and Net Assets / Fund Balance$98,004$42,269▼ $55,735
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Glenn RobertelliExecutive DiFT$77,404$77,404

Board Members and Trustees

NameTitle
Jaimy MauricioBoard Chair
Andrew GalvinDirector
Dom MesserliDirector
Guy AsadorianDirector
Indra Neil SarkarDirector
Jeff VallergaDirector
Michael ElliottDirector
Michelle WuDirector
Patricia MilosDirector
Margaret FarrellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$425,914
Program Service Revenue
$118,252
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,000
Change in Net Assets
$-46,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$397,893
Salaries, Compensation, and Employee Benefits$192,654
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$173,589-$173,589
Fees for Services Other$150,012--$150,012
Advertising$39,587--$39,587
Payroll Taxes-$14,973-$14,973
Occupancy-$14,597-$14,597
Office Expenses$7,200$2,019-$9,219
Fees for Services Accounting-$7,878-$7,878
Travel-$6,005-$6,005
Other Employee Benefits-$4,092-$4,092
All Other Expenses-$3,483-$3,483
Conferences and Meetings$812$1,763-$2,575
Insurance$352$2,085-$2,437
Other Expenses$30,750$2,321-$2,321
Information Technology-$632-$632
Interest-$393-$393
Total Functional Expenses$348,713$241,834$0$590,547
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Funding Source$24,755
Credit Card Payable$-8,388
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board is provided a copy of form 990 to review prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“The executive director's annual compensation is approved by the board and contemporaneously documented in the board meeting minutes.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Ri Bio
EIN
46-2858053
Phone
4014005499
Address
PO BOX 5680, PROVIDENCE, RI 02903

Signing Officer

Name
Glenn Robertelli
Title
Executive Director
Phone
4014005499
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Robertelli
Formed
2013
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Travis Terry & Company Pc
Address
25 MAIN ST, SALEM, NH 03079
Preparer
Travis W Terry CPA
Phone
6038982511
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To support the health care industry by galvanizing collaboration between the health technologies companies, hospitals, universities, sources of capital and governmental partners to support and accelerate health technology development in rhode island.”

Form 990, Part IX, Line 11G

“Consulting/contractual 2,500 0 0 case management 29,660 0 0 outreach/recruitment 59,622 0 0 skills assessment 58,230 0 0 total 150,012 0 0”

Raw XML Appendix379 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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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0112552
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15700
IRS990/ProgSrvcAccomActy2Grp/Desc0ESSENTIALS OF PROJECT MANAGEMENT AND ADVANCED PROJECT MANAGEMENT TRAINING THIS PROGRAM HELPED INDIVIDUALS UNDERSTAND HOW TO LEARN AND UTILIZE PROJECT MANAGEMENT SKILLS TO CREATE HIGH PERFORMANCE EMPLOYEES AND TEAMS IN A HYBRID WORK ENVIRONMENT.
IRS990/ProgSrvcAccomActy3Grp/Desc0RI BIOTECH BOOT CAMP THE RI BIOTECH BOOT CAMP OFFERED A SOLUTION TO MEET INDUSTRY'S NEEDS FOR AN IMMEDIATE INDUSTRY TRAINED TALENT POOL. AFTER SUCCESSFUL COMPLETION OF THE BOOT CAMP, PARTICIPANTS WERE COACHED THROUGH A RESUME WRITING/INTERVIEW PREPARATION WORKSHOP TO SECURE ENTRY-LEVEL POSITIONS IN THE BIOTECH, PHARMACEUTICAL AND HEALTHCARE FIELDS.
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IRS990/PYContributionsGrantsAmt0513430
IRS990/PYOtherExpensesAmt0512159
IRS990/PYOtherRevenueAmt032
IRS990/PYProgramServiceRevenueAmt0147926
IRS990/PYRevenuesLessExpensesAmt0-10225
IRS990/PYSalariesCompEmpBnftPaidAmt0159454
IRS990/PYTotalExpensesAmt0671613
IRS990/PYTotalRevenueAmt0661388
IRS990/ReconcilationRevenueExpnssAmt0-46381
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt072283
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt025902
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-8388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO FUNDING SOURCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD PAYABLE
IRS990ScheduleD/TotalLiabilityAmt016367
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IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO SUPPORT THE HEALTH CARE INDUSTRY BY GALVANIZING COLLABORATION BETWEEN THE HEALTH TECHNOLOGIES COMPANIES, HOSPITALS, UNIVERSITIES, SOURCES OF CAPITAL AND GOVERNMENTAL PARTNERS TO SUPPORT AND ACCELERATE HEALTH TECHNOLOGY DEVELOPMENT IN RHODE ISLAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD IS PROVIDED A COPY OF FORM 990 TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION IS APPROVED BY THE BOARD AND CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING/CONTRACTUAL 2,500 0 0 CASE MANAGEMENT 29,660 0 0 OUTREACH/RECRUITMENT 59,622 0 0 SKILLS ASSESSMENT 58,230 0 0 TOTAL 150,012 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TotalAssetsBOYAmt098004
IRS990/TotalAssetsEOYAmt042269
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IRS990/TotalContributionsAmt0425914
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0348713
IRS990/TotalFunctionalExpensesGrp/TotalAmt0590547
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025721
IRS990/TotalLiabilitiesEOYAmt016367
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098004
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042269
IRS990/TravelGrp/ManagementAndGeneralAmt06005
IRS990/TravelGrp/TotalAmt06005
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GLENN ROBERTELLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04014005499
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RI BIO
ReturnHeader/Filer/BusinessNameControlTxt0RIBI
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020520941
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRAVIS TERRY & COMPANY PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd003079
ReturnHeader/PreparerPersonGrp/PhoneNum06038982511
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRAVIS W TERRY CPA
ReturnHeader/ReturnTs02025-11-17T14:56:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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