RI Bio FY2021 filing

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

! Not tax-deductible Latest data FY2021
Revenue
$447K
▼ -1% vs prior year
Spent
$384K
To programs
92%
Net assets
$82K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending April 2021 (IRS tax year 2020).

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?
92% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -1% 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 $0.92 Management & general $0.06 Fundraising $0.02
Program services92%$354K
Management & general6%$24K
Fundraising2%$6K
Total functional expensesLn 25$384K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$447K
FY2021▼ -1%
Expenses
$384K
FY2021▼ -16%
Operating surplus
+14%
revenue over expenses
Earned revenue
16%
of revenue from program services & dues
Payroll share
26%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$229K
FY2021▲ +275%
Total liabilities
$146K
FY2021▲ +256%
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$229K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$162K
Total assetsLn 16$229K
Total liabilitiesLn 26$146K
Total net assetsLn 32$82K
Months of cash on handcomputed5.1

Statement of Revenue

Part VIII
Contributions & grants$373K · 84%
Program service revenue$74K · 16%
Contributions & grants84%$373K
Program service revenue16%$74K
— government grantsLn 1e$311K
Total revenueLn 12$447K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $162K · Operating expenses/yr $384K
5.1 months
Where the money goes
Program services
Program services $354K · Total expenses $384K
92%
Management & General
Management & general $24K · Total expenses $384K
6%
Fundraising
Fundraising $6K · Total expenses $384K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $6K · Solicited contributions (2-yr avg) $101K
$0.06 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $373K · Total revenue $447K
84%
Government reliance
Government grants $311K · Total revenue $447K
70%
Earned-income share
Program service revenue $74K · Total revenue $447K
16%
Investment reliance
Investment income $0 · Total revenue $447K
0%
Program self-sufficiency
Program service revenue $74K · Total expenses $384K
19%
Growth & trend
Revenue growth (YoY)
This year $447K · Prior year $453K
-1%
Net-asset trend (YoY)
End of year $82K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $447K · Expenses $384K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $229K
—
Net-asset ratio
Net assets $82K · Total assets $229K
36%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $229K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Carol Malysz · Reported title Executive Director · Highest reported compensation $88K · Total expenses $384K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $102K · Total expenses $384K
26%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 6%——
Fundraising cost ratio 2%——
Revenue growth -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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$88,208Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 1a8
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
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 account for $200K of program spending, described in the organization's own filed words · FY2020.
01

Forty life sciences entrepreneurs and clinicians associated with thirty-five distinct life sciences organizations were assisted through pro bono advisory services provided by RI Bio's Entrepreneur in Residence from 10/1/20 4/1/21.

$91Kprogram expense
02

The Emerging Leaders Training was developed to provide the skills to help technical life sciences employees adapt, persevere and continue to thrive during COVID-19 and beyond. Participants included engineers, scientists and data managers who had the potential for management and/or team leadership.

$54Kprogram expense
03

The Advanced Leaders Training was designed for technical life sciences managers who were promoted based on their years with the company and/or outstanding performance but who had not necessarily been trained for leadership.

$54Kprogram expense

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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 $544K$591K-18% 990 PDF
FY2023 $661K$672K-4% 990 PDF
FY2022 $687K$697K+223% 990 PDF
FY2021 Viewing $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) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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