T1d Exchange INC

Tax-deductible

Boston, MA501(c)(3)Science & TechnologyEIN 47-5074602

For the charitable purpose of benefiting and supporting the charitable activities of t1d exchange INC.

501(c)(3) charity; gifts are tax-deductible.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
3 of 5
filings with a surplus
Average surplus $6K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$336K
+245% vs prior year
Spent
$155K
To programs
0%
Net assets
$7.4M
By yearFY2020–FY2024
Revenue
$336K
FY2024▲ +245%
Revenue by fiscal year
FY2020$18K
FY2021$342K
FY2022−$93K
FY2023$98K
FY2024$336K
Expenses
$155K
FY2024▲ +14%
Expenses by fiscal year
FY2020$12K
FY2021$327K
FY2022$38K
FY2023$137K
FY2024$155K
Net assets
$7.4M
FY2024▲ +7%
Net assets by fiscal year
FY2020$7.0M
FY2021$7.1M
FY2022$6.4M
FY2023$7.0M
FY2024$7.4M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $155K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Chief Executive Officer
$0Pt VII · Sec A
Director & President
$0Pt VII · Sec A
Director & Secretary
$0Pt VII · Sec A
Director & Treasurer
$0Pt VII · Sec A
SR. Dir. of Finance
$0Pt VII · Sec A
See T1d Exchange INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the charitable work of T1D Exchange Inc.

Provided by the organization

This section is blank until T1d Exchange INC claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

For the charitable purpose of benefiting and supporting the charitable activities of T1D exchange inc.

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 · received and paid
Grants received · FY2019
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $400K · 2021–2023
T1d Exchange INCMA · FY2023$100,000
T1d Exchange INCMA · FY2021$300,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$336K
Ln 12
Investment incomeLn 3$336K
Money outPt IX
$155K
Ln 25
Managementcol C$155K
Owns and owesPt X
$7.4M
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$7.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$336K
Gains on assetsLn 7$123K
Total revenueLn 12$336K
Assets in detailPt X, end of year
CashLn 1$152K
Cash and savings togetherLn 1–2$152K
InvestmentsLn 11–13$7.3M
Other assetsLn 15$0
Total assetsLn 16$7.4M
LiabilitiesLn 26$0
Net assetsLn 32$7.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$120K$152K
InvestmentsLn 11–13$6.7M$7.3M
Total assetsLn 16$7.0M$7.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$7.0M$7.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$44K$44K
Other expenses (24a–d)Ln 24$111K$111K
Total functional expensesLn 25$155K$0$155K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $336K$155K$181K$7.4M 990 PDF
FY2023 $98K$137K−$39K$7.0M 990 PDF
FY2022 −$93K$38K−$130K$6.4M 990 PDF
FY2021 $342K$327K$14K$7.1M 990 PDF
FY2020 $18K$12K$6K$7.0M 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
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $336,079 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $213,112$213,112
VIII-7 Net gain or loss on sales of assetsExcluded from tax $122,967$122,967
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $336,079$336,079
Part IX · Statement of functional expenses $155,238 across 2 lines filed
IX-11f Investment management feesManagement $44,401$44,401
IX-24 Other expenses (24a–d)Management $110,837$110,837
IX-25 Total functional expensesPrograms $0 · Management $155,238 · Fundraising $0$155,238
Part X · Balance sheet $7,440,877 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $119,783$152,394
X-11 Publicly traded securitiesStart of year $5,584,723$6,149,447
X-12 Other securitiesStart of year $1,139,036$1,139,036
X-15 Other assetsStart of year $110,837$0
X-16 Total assetsStart of year $6,954,379$7,440,877
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,954,379$7,440,877
X-33 Total liabilities and net assetsStart of year $6,954,379$7,440,877
Part XI · Reconciliation of net assets $7,440,877 net assets at year end
XI-1 Total revenue$336,079
XI-2 Total expenses$155,238
XI-3 Revenue less expenses$180,841
XI-4 Net assets at start of year$6,954,379
XI-5 Net unrealized gains (losses) on investments$305,657
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,440,877

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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