Civic Intelligence

Medmates

990EZ • Fiscal year 2017 • EIN 46-2858053

May 01, 2016 to Apr 30, 2017 • Filed on Dec 04, 2017

24 Corliss Street 41240 No 41240Providence, RI 02904-2477

(401) 400-0047

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

9th percentile

-31%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

3rd percentile

-69%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

69%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$25,437

Down $57,830 (-69%) from 2016

Net Assets

Down

$25,437

Down $57,830 (-69%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$186,673

Up $76,187 (+69%) from 2016

Expenses

Up

$244,503

Up $141,577 (+138%) from 2016

Net Income

Down

-$57,830

Down $65,390 (-865%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$25,437
Liabilities$0
Net Assets$25,437

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$186,673
Expenses$244,503
Net Income-$57,830
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Dec 4, 2017
Return Version
2016v3.0
Gross Receipts
$186,673
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.

Medmates is a corporation whose purpose 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.

Program Services

DescriptionGrantsExpenses
MEDMATES SUBMITTED A GRANT APPLICATION TO THE RHODE ISLAND DEPARTMENT OF LABOR & TRAINING AND WAS AWARDED THIS GRANT IN DECEMBER 2015 WHICH CONTINUED FOR ONE YEAR. THE PURPOSE OF THE GRANT WAS TO RECRUIT AND TRAIN MEDICAL TECHNOLOGY STARTUPS. MEDMATES HAS HELPED 11 MEDTECH STARTUP VENTURES, PROVIDED 100 HOURS OF COACHING, RECRUITED FIVE MEDTECH COACHES, RECRUITED 10 MEDTECH INDUSTRY ADVISORY BOARD MEMBERS, AND HELD SIX HEALTH AND WELLNESS NETWORKING EVENTS, IN WHICH 273 INDIVIDUALS HAVE PARTICIPATED.$155,365$157,622
MEDMATES HAS USED A PREVIOUSLY AWARDED GRANT FROM THE RHODE ISLAND FOUNDATION TO PAY THE SALARY OF THE EXECUTIVE DIRECTOR DURING THE APRIL 30, 2017 YEAR-END PERIOD. SUBSEQUENT TO THE APRIL 30, 2017 YEAR-END A NEW GRANT WAS AWARDED BY THE RHODE ISLAND FOUNDATION IN OCTOBER, 2017 WHICH WILL CONTINUE TO BE USED TO PAY THE SALARY OF THE EXECUTIVE DIRECTOR.$0$57,144
MEDMATES HELD A LIFE SCIENCES EXPO IN APRIL, 2017. THIS EVENT BROUGHT TOGETHER COMPANIES FROM SOUTHEASTERN NEW ENGLAND TO SHOWCASE THE INNOVATION, GROWTH, AND DIVERSITY OF THE LIFE SCIENCES INDUSTRY IN THIS AREA. THIS EVENT PROVIDED AN OPPORTUNITY FOR COMPANIES TO FORGE CONNECTIONS WITH OTHERS IN THE LIFE SCIENCES INDUSTRY.$31,308$18,805
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID GOLDSMITHPresidentPT$0--
MARGARET D FARRELLSecretary-$0--
DAVID J SYNERTreasurer (Former)PT$0--
ALAN OSMOLOWSKITreasurer (Current)PT$0--
Filing and Contact Details

Filer

Filer Name
Medmates
EIN
46-2858053
Phone
4014000047
Address
24 CORLISS STREET 41240 NO 41240, PROVIDENCE, RI 02904-2477

Signing Officer

Name
Alan Osmolowski
Title
Treasurer
Phone
4012725600
Signed
2017-12-04
Discuss with paid preparer
Yes

Preparer

Firm
Blum Shapiro & Company Pc
Address
1 CAPITAL WAY, CRANSTON, RI 02910
Preparer
Alan Osmolowski
Phone
4012725600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: event expense. Amount: 19,198. Description: fees. Amount: 271. Description: office expense. Amount: 599. Description: computer software. Amount: 691. Description: website expenses. Amount: 10,224. Description: marketing expense/advertising. Amount: 200. Description: credit card fees. Amount: 100. Description: insurance expense. Amount: 2,299. Description: meals & entertainment. Amount: 823. Description: travel expense. Amount: 923. Description: program expenses. Amount: 54,528. Description: computer expense. Amount: 1,069. Description: payroll service fees. Amount: 1,009. Description: telephone expense. Amount: 242. Description: supplies. Amount: 56. Description: outreach and communications. Amount: 31,856. Description: participant tracking. Amount: 13,570. Description: donated services included in program revenue. Amount: 18,500. Total to form 990-ez, line 16: 156,158.

Form 990-ez, Part II, Line 24 - Other Assets

Description: miscellaneous receivable. Beg. Of year amount: 179. End of year amount: 0.

Raw XML Appendix136 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CAROL MALYSZ EXECUTIVE DIRECTOR
IRS990EZ/BooksInCareOfDetail/PhoneNum04014005499
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt024 CORLISS STREET NO 41240
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002904
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt083088
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt025437
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt0155365
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-57830
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt010658
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/GrossReceiptsAmt0186673
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
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IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt083267
IRS990EZ/NetAssetsOrFundBalancesEOYAmt025437
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt083267
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt025437
IRS990EZ/OccupancyRentUtltsAndMaintAmt09091
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAVID GOLDSMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARGARET D FARRELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DAVID J SYNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ALAN OSMOLOWSKI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER (FORMER)
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER (CURRENT)
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0179
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0156158
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0MEDMATES IS A CORPORATION WHOSE PURPOSE 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.
IRS990EZ/ProgramServiceRevenueAmt031308
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MEDMATES SUBMITTED A GRANT APPLICATION TO THE RHODE ISLAND DEPARTMENT OF LABOR & TRAINING AND WAS AWARDED THIS GRANT IN DECEMBER 2015 WHICH CONTINUED FOR ONE YEAR. THE PURPOSE OF THE GRANT WAS TO RECRUIT AND TRAIN MEDICAL TECHNOLOGY STARTUPS. MEDMATES HAS HELPED 11 MEDTECH STARTUP VENTURES, PROVIDED 100 HOURS OF COACHING, RECRUITED FIVE MEDTECH COACHES, RECRUITED 10 MEDTECH INDUSTRY ADVISORY BOARD MEMBERS, AND HELD SIX HEALTH AND WELLNESS NETWORKING EVENTS, IN WHICH 273 INDIVIDUALS HAVE PARTICIPATED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1MEDMATES HAS USED A PREVIOUSLY AWARDED GRANT FROM THE RHODE ISLAND FOUNDATION TO PAY THE SALARY OF THE EXECUTIVE DIRECTOR DURING THE APRIL 30, 2017 YEAR-END PERIOD. SUBSEQUENT TO THE APRIL 30, 2017 YEAR-END A NEW GRANT WAS AWARDED BY THE RHODE ISLAND FOUNDATION IN OCTOBER, 2017 WHICH WILL CONTINUE TO BE USED TO PAY THE SALARY OF THE EXECUTIVE DIRECTOR.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2MEDMATES HELD A LIFE SCIENCES EXPO IN APRIL, 2017. THIS EVENT BROUGHT TOGETHER COMPANIES FROM SOUTHEASTERN NEW ENGLAND TO SHOWCASE THE INNOVATION, GROWTH, AND DIVERSITY OF THE LIFE SCIENCES INDUSTRY IN THIS AREA. THIS EVENT PROVIDED AN OPPORTUNITY FOR COMPANIES TO FORGE CONNECTIONS WITH OTHERS IN THE LIFE SCIENCES INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0155365
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt231308
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0157622
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt157144
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt218805
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt068596
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt0244503
IRS990EZ/TotalProgramServiceExpensesAmt0233571
IRS990EZ/TotalRevenueAmt0186673
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.MEDMATES.ORG
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: EVENT EXPENSE. AMOUNT: 19,198. DESCRIPTION: FEES. AMOUNT: 271. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 599. DESCRIPTION: COMPUTER SOFTWARE. AMOUNT: 691. DESCRIPTION: WEBSITE EXPENSES. AMOUNT: 10,224. DESCRIPTION: MARKETING EXPENSE/ADVERTISING. AMOUNT: 200. DESCRIPTION: CREDIT CARD FEES. AMOUNT: 100. DESCRIPTION: INSURANCE EXPENSE. AMOUNT: 2,299. DESCRIPTION: MEALS & ENTERTAINMENT. AMOUNT: 823. DESCRIPTION: TRAVEL EXPENSE. AMOUNT: 923. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 54,528. DESCRIPTION: COMPUTER EXPENSE. AMOUNT: 1,069. DESCRIPTION: PAYROLL SERVICE FEES. AMOUNT: 1,009. DESCRIPTION: TELEPHONE EXPENSE. AMOUNT: 242. DESCRIPTION: SUPPLIES. AMOUNT: 56. DESCRIPTION: OUTREACH AND COMMUNICATIONS. AMOUNT: 31,856. DESCRIPTION: PARTICIPANT TRACKING. AMOUNT: 13,570. DESCRIPTION: DONATED SERVICES INCLUDED IN PROGRAM REVENUE. AMOUNT: 18,500. TOTAL TO FORM 990-EZ, LINE 16: 156,158.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: MISCELLANEOUS RECEIVABLE. BEG. OF YEAR AMOUNT: 179. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04012725600
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-04
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ReturnHeader/Filer/BusinessNameControlTxt0MEDM
ReturnHeader/Filer/EIN0462858053
ReturnHeader/Filer/PhoneNum04014000047
ReturnHeader/Filer/USAddress/AddressLine1Txt024 CORLISS STREET 41240 NO 41240
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0374216FDD831293B6C7B59160EDE16C6FC5C8498
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.200.120.74
ReturnHeader/FilingSecurityInformation/IPDt02017-12-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:07:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061009205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLUM SHAPIRO & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 CAPITAL WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRANSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002910
ReturnHeader/PreparerPersonGrp/PhoneNum04012725600
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALAN OSMOLOWSKI
ReturnHeader/ReturnTs02018-02-02T10:01:42-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-05-01
ReturnHeader/TaxPeriodEndDt02017-04-30
ReturnHeader/TaxYr02016

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Filings