RI Bio

Providence, RI · Business league / trade association · Medical Research

! Not tax-deductible Latest data FY2024
Revenue
$544K
▼ -18% vs prior year
Spent
$591K
To programs
59%
Net assets
$26K

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).

Status and standing

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)
Foundation funders?
2 funders, incl. The Rhode Island Community Foundation
$131K in the latest grant year.
Spent on programs?
59% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -18% vs prior year
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

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

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$544K
FY2024▼ -18%
Expenses
$591K
FY2024▼ -12%
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 liabilities
$16K
FY2024▼ -36%
Revenue less expensesPt I · Ln 19−$46K
Total assetsPt X · Ln 16$42K
Program-expense ratioPt 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

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $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 growth (YoY)
This year $544K · Prior year $661K
-18%
Revenue CAGR
FY2019 $453K · FY2024 $544K
+4%
Net-asset trend (YoY)
End of year $26K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $544K · Expenses $591K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $42K
—
Net-asset ratio
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
Program ratio 59%——
Overhead ratio 41%——
Fundraising cost ratio 0%——
Revenue growth -18%——
Accounting fee ratio 1%——

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

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$77,404Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
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
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

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

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

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 2 funders$131K

Filing history

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

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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