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RI Bio

Not tax-deductible

Providence, RI501(c)(6)Medical ResearchEIN 46-2858053

RI Bio's mission is to serve as a catalyst for biotech industry acceleration, advocating for better policy, educating a strong life science workforce, collaborating with life sciences companies, hospitals, universities, capital sources and government agencies, sharing information and expertise, and promoting the advancement of science.

59¢ of each $1 spent went to programs.
$77K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 13% of spending
Top officer’s pay higher than 55% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $131K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$544K
-18% vs prior year
Spent
$591K
To programs
59%
Net assets
$26K
By yearFY2020–FY2024
Revenue
$544K
FY2024▼ -18%
Revenue by fiscal year
FY2020$453K
FY2021$447K
FY2021$212K
FY2022$687K
FY2023$661K
FY2024$544K
Expenses
$591K
FY2024▼ -12%
Expenses by fiscal year
FY2020$456K
FY2021$384K
FY2021$217K
FY2022$697K
FY2023$672K
FY2024$591K
Net assets
$26K
FY2024▼ -64%
Net assets by fiscal year
FY2020$20K
FY2021$82K
FY2021$73K
FY2022$83K
FY2023$72K
FY2024$26K

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CRI Bio
EINHdr · item D46-2858053
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFJul 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CProvidence, RI
NTEE classificationIRS BMFMedical Research (H03)
WebsiteHdr · item Jri-bio.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.41
Program services59%$349K
Management & general41%$242K
Total functional expensesLn 25$591K

Finances

Money in and out, what it owns and owes

Operating surplus
-9%
revenue over expenses▼ -451% vs prior filing year
Earned revenue
22%
of revenue from program services & dues▼ -3% vs prior filing year
Payroll share
33%
of spending is salaries & benefits▲ +37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$42K
FY2024▼ -57%
Total assets by fiscal year
FY2020$61K
FY2021$229K
FY2021$97K
FY2022$120K
FY2023$98K
FY2024$42K
Total liabilities
$16K
FY2024▼ -36%
Total liabilities by fiscal year
FY2020$41K
FY2021$146K
FY2021$25K
FY2022$37K
FY2023$26K
FY2024$16K
Revenue less expensesPt I · Ln 19−$46K
Total assetsPt X · Ln 16$42K
Spent on programsPt IX · col B59%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$41K
Total assetsLn 16$42K
Total liabilitiesLn 26$16K
Total net assetsLn 32$26K
Months of cash on handcomputed0.8

Statement of Revenue

Part VIII
Contributions & grants$426K · 78%
Program service revenue$118K · 22%
Contributions & grants78%$426K
Program service revenue22%$118K
— government grantsLn 1e$418K
Total revenueLn 12$544K

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $41K · Operating expenses (Pt IX) $591K · Less non-cash grants $8K · Cash operating expenses/yr $583K
0.8 months
Where the money goes
Program services
Program services $349K · Total expenses $591K
59%
Management & General
Management & general $242K · Total expenses $591K
41%
Fundraising
Fundraising $0 · Total expenses $591K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $20K
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $426K · Total revenue $544K
78%
Government reliance
Government grants $418K · Total revenue $544K
77%
Earned-income share
Program service revenue $118K · Total revenue $544K
22%
Investment reliance
Investment income $0 · Total revenue $544K
0%
Program self-sufficiency
Program service revenue $118K · Total expenses $591K
20%
Growth & trend
Revenue change from last year
This year $544K · Prior year $661K
-18%
Revenue, average yearly change over 5 years
FY2019 $453K · FY2024 $544K
+4%
Net assets change over the year
End of year $26K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $544K · Expenses $591K
-9%
Debts compared to what it owns
Total liabilities — · Total assets $42K
—
Net assets compared to what it owns
Net assets $26K · Total assets $42K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $42K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Glenn Robertelli · Reported title EXECUTIVE DI · Highest reported compensation $77K · Total expenses $591K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $193K · Total expenses $591K
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 59%——
Spent on management, % of spending 41%——
Fundraising cost, % of gifts 0%——
Revenue growth -18%——
Accounting fees, % of spending 1%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Glenn Robertelli
Executive Di
$77,404Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jaimy Mauricio
Board Chair
$0Pt VII · Sec A
Dom Messerli
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Glenn Robertelli’s $77K as Executive Di is at the 55th percentile of top reported officer pay among 328 $100K–1M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2021FY2020
Carol Malysz—$145,710$119,480$93,977$88,208$78,671
Glenn Robertelli$77,404—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See RI Bio executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Accelerates biotech growth through policy, education, collaboration, and information sharing.

Provided by the organization

This section is blank until RI Bio claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Leadership skills for creating a successful post-pandemic future the program provided an opportunity for ri bio life sciences employer partners to offer training to help develop and retain leaders in their organizations.

Pt IX · col B
02

Ri 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…

Pt IX · col B
03

Essentials 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.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
The Rhode Island Community FoundationFY2020$125K
Biotechnology Innovation OrganizationFY2020$6K
Total grants receivedfrom 2 funders$131K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $544K$591K-18% 990 PDF
FY2023 $661K$672K-4% 990 PDF
FY2022 $687K$697K+223% 990 PDF
FY2021 $447K$384K-1% 990 PDF
FY2020 $453K$456K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $544,166 across 6 lines filed
VIII-1e Government grants$417,914
VIII-1f All other contributions, gifts and grants$8,000
VIII-1g Noncash contributions (included above)$8,000
VIII-1h Total contributions, gifts and grants$425,914
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,252$118,252
VIII-12 Total revenueRelated to mission $118,252$544,166
Part IX · Statement of functional expenses $590,547 across 15 lines filed
IX-7 Other salaries and wagesManagement $173,589$173,589
IX-9 Other employee benefitsManagement $4,092$4,092
IX-10 Payroll taxesManagement $14,973$14,973
IX-11c Accounting feesManagement $7,878$7,878
IX-11g Other fees for servicesPrograms $150,012$150,012
IX-12 Advertising and promotionPrograms $39,587$39,587
IX-13 Office expensesPrograms $7,200 · Management $2,019$9,219
IX-14 Information technologyManagement $632$632
IX-16 OccupancyManagement $14,597$14,597
IX-17 TravelManagement $6,005$6,005
IX-19 Conferences, conventions and meetingsPrograms $812 · Management $1,763$2,575
IX-20 InterestManagement $393$393
IX-23 InsurancePrograms $352 · Management $2,085$2,437
IX-24 Other expenses (24a–d)Programs $150,750 · Management $10,325$161,075
IX-24e All other expensesManagement $3,483$3,483
IX-25 Total functional expensesPrograms $348,713 · Management $241,834 · Fundraising $0$590,547
Part X · Balance sheet $42,269 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $93,028$40,935
X-15 Other assets$1,334
X-16 Total assetsStart of year $98,004$42,269
X-25 Other liabilities$16,367
X-26 Total liabilitiesStart of year $25,721$16,367
X-32 Total net assets or fund balancesStart of year $72,283$25,902
X-33 Total liabilities and net assetsStart of year $98,004$42,269
Part XI · Reconciliation of net assets $25,902 net assets at year end
XI-1 Total revenue$544,166
XI-2 Total expenses$590,547
XI-3 Revenue less expenses−$46,381
XI-4 Net assets at start of year$72,283
XI-10 Net assets at end of year$25,902

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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