Civic Intelligence

Medmates

990 • Fiscal year 2020 • EIN 46-2858053

May 01, 2019 to Apr 30, 2020 • Filed on Mar 15, 2021

Organization Profileri-bio.org
Box 5680 53 Broad StreetProvidence, RI 02903

(401) 400-5499

Siviq Scores

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

Liabilities / Assets

94th percentile

0.67x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.09x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

43rd percentile

-0.8%

Higher net margin than 43% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$81,760

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

73rd percentile

20%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

215%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$60,944

Up $9,992 (+20%) from 2019

Net Assets

Down

$19,822

Down $31,130 (-61%) from 2019

Liabilities

Up

$41,122

Up $41,122 from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin43rd percentile

Revenue

Up

$452,799

Up $309,184 (+215%) from 2019

Expenses

Up

$456,359

Up $316,069 (+225%) from 2019

Net Income

Down

-$3,560

Down $6,885 (-207%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

2020

Assets$60,944
Liabilities$41,122
Net Assets$19,822
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

2020

Revenue$452,799
Expenses$456,359
Net Income-$3,560
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2019 to Apr 30, 2020
Signed
Mar 15, 2021
Return Version
2019v5.2
Gross Receipts
$452,799
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.

RI Bio's mission is to grow the life sciences economy in Rhode Island and Southeastern New England. As the voice for life sciences, the organization advances the industry through education, collaboration and advocacy. The organization shares information and resources, provides access to capital, and creates industry connections. The result is advanced innovations that changes the world and improves lives, increases visibility and influences for the sector and increases business opportunities and economic impact. In short, the organization helps science advance so science can advance lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$50,952$31,000▼ $19,952
Accounts Receivable-$29,944-
Total Assets$50,952$60,944▲ $9,992
Liabilities
Accounts Payable and Accrued Expenses-$41,122-
Total Liabilities$0$41,122▲ $41,122
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$50,952$19,822▼ $31,130
Total Net Assets Fund Balance$50,952$19,822▼ $31,130
Total Liabilities and Net Assets / Fund Balance$50,952$60,944▲ $9,992
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol MalyszExecutive DirectorFT$78,671$3,089$81,760

Board Members and Trustees

NameTitle
Alyssa BossDirector
Brian ButlerDirector
Dom MerrserliDirector
Guy AsadorianDirector
Michael ElliottDirector
Michael KatzDirector
Patrice MilosDirector
Margaret FarrellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$394,528
Program Service Revenue
$58,271
Investment Income
$0
Other Revenue
$0
All Other Contributions
$140,167
Change in Net Assets
$-3,560
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$363,387
Salaries, Compensation, and Employee Benefits$92,972
Total Fundraising Expense$4,880
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$243,514$3,300-$246,814
Current Officers, Directors, Trustees, and Key Employees$70,826$8,332$4,166$83,324
Conferences and Meetings$61,985--$61,985
All Other Expenses$7,073$3,085-$10,158
Payroll Taxes$5,575$656$328$6,559
Fees for Services Accounting-$5,420-$5,420
Other Expenses$4,206--$4,206
Travel$3,145--$3,145
Other Employee Benefits$2,626$309$154$3,089
Insurance$1,590$187$94$1,871
Office Expenses$1,207$142$70$1,419
Occupancy$1,147$135$68$1,350
Interest-$111-$111
Total Functional Expenses$429,802$21,677$4,880$456,359
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

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

Form 990, Part VI, Section B, line 15

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

Form 990, Part VI, Section C, line 19

“The organization does not make these documents available to the public.”

Filing and Contact Details

Filer

Filer Name
RI Bio
EIN
46-2858053
Phone
4014005499
Address
Box 5680 53 Broad Street, Providence, RI 02903

Signing Officer

Name
Carol Malysz
Title
President
Phone
4014005499
Signed
2021-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Malysz
Formed
2013
Legal Domicile
Ri
Voting Board Members
8
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Aaronson Lavoie Streitfeld Diaz & Co PC
Address
1604 Broad Street, Cranston, RI 02905
Preparer
Denise M Lavoie CPA
Phone
4012230205
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Curriculum development: Program service expenses 93,173. Management and general expenses 0. Fundraising expenses 0. Total expenses 93,173. Entrepreneur in residence: Program service expenses 112,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,500. Legal and professional: Program service expenses 0. Management and general expenses 3,300. Fundraising expenses 0. Total expenses 3,300. Program management: Program service expenses 37,841. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,841.”

Raw XML Appendix371 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041122
IRS990/AccountsReceivableGrp/EOYAmt029944
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RI Bio's mission is to grow the life sciences economy in Rhode Island and Southeastern New England. As the voice for life sciences, the organization advances the industry through education, collaboration and advocacy. The organization shares information and resources, provides access to capital, and creates industry connections. The result is advanced innovations that changes the world and improves lives, increases visibility and influences for the sector and increases business opportunities and economic impact. In short, the organization helps science advance so science can advance lives.
IRS990/AllOtherContributionsAmt0140167
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03085
IRS990/AllOtherExpensesGrp/ProgramServicesAmt07073
IRS990/AllOtherExpensesGrp/TotalAmt010158
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum04014005499
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0Box 5680 53 Broad Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Providence
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002903
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt050952
IRS990/CashNonInterestBearingGrp/EOYAmt031000
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt04166
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt08332
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt070826
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt083324
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt061985
IRS990/ConferencesMeetingsGrp/TotalAmt061985
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0394528
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0363387
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt058271
IRS990/CYRevenuesLessExpensesAmt0-3560
IRS990/CYSalariesCompEmpBnftPaidAmt092972
IRS990/CYTotalExpensesAmt0456359
IRS990/CYTotalFundraisingExpenseAmt04880
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0452799
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The organization selected four member companies to participate in its first round of leadership training for incumbent workers. Interviews were conducted with each company to ascertain interest and need. A 5-module "Management Excellence Certificate" program offered participants the next step in leadership development for those looking to advance their careers within the life sciences industry. The organization administered an online assessment for participants with results incorporated into each training module. A workshop was conducted explaining the assessment and how to use it in business. Eighteen graduated from the program.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt031853
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05420
IRS990/FeesForServicesAccountingGrp/TotalAmt05420
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03300
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0243514
IRS990/FeesForServicesOtherGrp/TotalAmt0246814
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt83089
IRS990/Form990PartVIISectionAGrp/PersonNm0Margaret Farrell
IRS990/Form990PartVIISectionAGrp/PersonNm1Michael Katz
IRS990/Form990PartVIISectionAGrp/PersonNm2Patrice Milos
IRS990/Form990PartVIISectionAGrp/PersonNm3Michael Elliott
IRS990/Form990PartVIISectionAGrp/PersonNm4Alyssa Boss
IRS990/Form990PartVIISectionAGrp/PersonNm5Guy Asadorian
IRS990/Form990PartVIISectionAGrp/PersonNm6Brian Butler
IRS990/Form990PartVIISectionAGrp/PersonNm7Dom Merrserli
IRS990/Form990PartVIISectionAGrp/PersonNm8Carol Malysz
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt878671
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Executive Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0254361
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0452799
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt094
IRS990/InsuranceGrp/ManagementAndGeneralAmt0187
IRS990/InsuranceGrp/ProgramServicesAmt01590
IRS990/InsuranceGrp/TotalAmt01871
IRS990/InterestGrp/ManagementAndGeneralAmt0111
IRS990/InterestGrp/TotalAmt0111
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RI 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt050952
IRS990/NetAssetsOrFundBalancesEOYAmt019822
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt050952
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt019822
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt068
IRS990/OccupancyGrp/ManagementAndGeneralAmt0135
IRS990/OccupancyGrp/ProgramServicesAmt01147
IRS990/OccupancyGrp/TotalAmt01350
IRS990/OfficeExpensesGrp/FundraisingAmt070
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0142
IRS990/OfficeExpensesGrp/ProgramServicesAmt01207
IRS990/OfficeExpensesGrp/TotalAmt01419
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0154
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0309
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02626
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03089
IRS990/OtherExpensesGrp/Desc0Marketing
IRS990/OtherExpensesGrp/Desc1Education and training
IRS990/OtherExpensesGrp/Desc2Outreach
IRS990/OtherExpensesGrp/Desc3Training
IRS990/OtherExpensesGrp/ProgramServicesAmt010822
IRS990/OtherExpensesGrp/ProgramServicesAmt18850
IRS990/OtherExpensesGrp/ProgramServicesAmt27236
IRS990/OtherExpensesGrp/ProgramServicesAmt34206
IRS990/OtherExpensesGrp/TotalAmt010822
IRS990/OtherExpensesGrp/TotalAmt18850
IRS990/OtherExpensesGrp/TotalAmt27236
IRS990/OtherExpensesGrp/TotalAmt34206
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0328
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0656
IRS990/PayrollTaxesGrp/ProgramServicesAmt05575
IRS990/PayrollTaxesGrp/TotalAmt06559
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Carol Malysz
IRS990/PriorPeriodAdjustmentsAmt0-27570
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541700
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/BusinessCd4541900
IRS990/ProgramServiceRevenueGrp/Desc0Memberships
IRS990/ProgramServiceRevenueGrp/Desc1Sponsorships
IRS990/ProgramServiceRevenueGrp/Desc2RI INBRE program
IRS990/ProgramServiceRevenueGrp/Desc3Mentoring
IRS990/ProgramServiceRevenueGrp/Desc4Networking events
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022859
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213792
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022859
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt213792
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4620
IRS990/ProgSrvcAccomActy2Grp/Desc0In March of 2020, just as the pandemic arrived in Rhode Island, twenty-four participants took part in the second round of Leadership Development Training, graduating from the Emerging and Advanced Leadership Development Training The training helped engineers, quality managers, scientific directors and other technically proficient employees learn how to become better managers and leaders through team building, managing conflict, effective delegation and more.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0109040
IRS990/ProgSrvcAccomActy3Grp/Desc0A standards-based classroom curriculum focusing on human health and biology was developed, connecting the curriculum content to the Rhode Island life sciences industry, with emphasis on local companies, STEM role models and career pathways for students. Awareness of the curriculum and educating teachers on how to implement it effectively was accomplished with four 6-hour training workshops. Twenty seven teachers were trained and 2,934 students participated in the training.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0113467
IRS990/ProgSrvcAccomActyOtherGrp/Desc0The organization received INBRE funds intended to enhance the caliber of scientific faculty at research institutions and undergraduate schools who can attract more talented students to augment the science and technology knowledge of the state's workforce. Membership, mentoring and sponsorship programs were also undertaken to enhance and supplement the organization's work in the life sciences industry.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0175442
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt058271
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0120684
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt062173
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt022931
IRS990/PYRevenuesLessExpensesAmt03325
IRS990/PYSalariesCompEmpBnftPaidAmt078117
IRS990/PYTotalExpensesAmt0140290
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0143615
IRS990/ReconcilationRevenueExpnssAmt0-3560
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board is provided a copy of Form 990 to review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The executive director's annual compensation is approved by the board and contemporaneously documented in the board meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not make these documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Curriculum development: Program service expenses 93,173. Management and general expenses 0. Fundraising expenses 0. Total expenses 93,173. Entrepreneur in residence: Program service expenses 112,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 112,500. Legal and professional: Program service expenses 0. Management and general expenses 3,300. Fundraising expenses 0. Total expenses 3,300. Program management: Program service expenses 37,841. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,841.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt050952
IRS990/TotalAssetsEOYAmt060944
IRS990/TotalAssetsGrp/BOYAmt050952
IRS990/TotalAssetsGrp/EOYAmt060944
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0394528
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04880
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021677
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0429802
IRS990/TotalFunctionalExpensesGrp/TotalAmt0456359
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt041122
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt041122
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt050952
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt019822
IRS990/TotalOtherCompensationAmt03089
IRS990/TotalOtherProgSrvcExpenseAmt0175442
IRS990/TotalOtherProgSrvcRevenueAmt058271
IRS990/TotalProgramServiceExpensesAmt0429802
IRS990/TotalProgramServiceRevenueAmt058271
IRS990/TotalReportableCompFromOrgAmt078671
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058271
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0452799
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt050952
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt060944
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03145
IRS990/TravelGrp/TotalAmt03145
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0Box 5680 53 Broad Street
IRS990/USAddress/CityNm0Providence
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002903
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0ri-bio.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Carol Malysz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04014005499
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RI Bio
ReturnHeader/Filer/BusinessNameControlTxt0RIBI
ReturnHeader/Filer/EIN0462858053
ReturnHeader/Filer/PhoneNum04014005499
ReturnHeader/Filer/USAddress/AddressLine1Txt0Box 5680 53 Broad Street
ReturnHeader/Filer/USAddress/CityNm0Providence
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002903
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050495839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Aaronson Lavoie Streitfeld Diaz & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01604 Broad Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cranston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002905
ReturnHeader/PreparerPersonGrp/PhoneNum04012230205
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Denise M Lavoie CPA
ReturnHeader/ReturnTs02021-03-15T08:20:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-05-01
ReturnHeader/TaxPeriodEndDt02020-04-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,944
Liabilities
$41,122
Net assets
$19,822
Revenue
$452,799
Expenses
$456,359
Net income
-$3,560
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