Medexecwomen INC

Tax-deductible

Lincoln, MA501(c)(3)EducationEIN 83-1935940Revenue $284K in FY2024

On file with the IRS56 Birchwood Ln, 01773-4908 · Lincoln, MATax-exempt since May 2019Publicly supported — 509(a)(2)

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To further the advancement of executive women in the medical device, diagnostics, drug delivery and digital healthcare businesses through educational meetings.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
1 of 2
filings with a surplus
Average surplus $31K a year · 13% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$125K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$284K
+50% vs prior year
Spent
$220K
To programs
91%
Net assets
$178K
By yearFY2020–FY2024
Revenue
$284K
FY2024▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2020$67K
FY2021$76K
FY2022$158K
FY2023$189K
FY2024$284K
Expenses
$220K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$192K
FY2024$220K
Net assets
$178K
FY2024▲ +55%
Tap a bar for its year
Net assets by fiscal year
FY2020$143K
FY2021$83K
FY2022$98K
FY2023$115K
FY2024$178K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2019.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $199K Management & general 9% · $21K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Treasurer & Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
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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

Advances executive women in healthcare businesses via educational meetings.

Questions for Medexecwomen INC

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Provided by the organization

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1 program · $199K · in their own filed words · FY2024
01

Medexecwomen is an organization focused on advancing the impact of executive level, global leaders in medical devices, diagnostics, drug delivery and digital healthcare. More than one hundred persons benefitted during the year.

$199Kprogram expense

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 · FY2022
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$284K
Ln 12
Gifts and grantsLn 1h$180K
Fees for servicesLn 2g$104K
Money outPt IX
$220K
Ln 25
Programscol B$199K
Managementcol C$21K
Owns and owesPt X
$178K
net assets · Ln 32
Cash and savingsLn 1–2$236K
Total assetsLn 16$303K
LiabilitiesLn 26$125K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$180K
Fees for servicesLn 2g$104K
Total revenueLn 12$284K
Assets in detailPt X, end of year
CashLn 1$236K
Cash and savings togetherLn 1–2$236K
Total assetsLn 16$303K
LiabilitiesLn 26$125K
Net assetsLn 32$178K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$157K$236K
Total assetsLn 16$187K$303K
LiabilitiesLn 26$72K$125K
Net assetsLn 32$115K$178K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$89K$86K$3K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$9K$9K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$101K$101K
Total functional expensesLn 25$220K$199K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $284K$220K$64K$178K 990 PDF
FY2023 $189K$192K−$3K$115K 990 PDF
FY2022 $158K$98K 990 PDF
FY2021 $76K$83K 990 PDF
FY2020 $67K$143K 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 (6 parts)
Part I · Summary $283,575 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $79,205$180,000
I-9 Program service revenuePrior year $110,146$103,575
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $189,351$283,575
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $191,910$219,724
I-18 Total expensesPrior year $191,910$219,724
I-19 Revenue less expensesPrior year −$2,559$63,851
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $283,575 across 4 lines filed
VIII-1f All other contributions, gifts and grants$180,000
VIII-1h Total contributions, gifts and grants$180,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $103,575$103,575
VIII-12 Total revenueRelated to mission $103,575 · Unrelated business $0 · Excluded from tax $0$283,575
Part IX · Statement of functional expenses $219,724 across 6 lines filed
IX-11c Accounting feesManagement $8,775$8,775
IX-11g Other fees for servicesPrograms $85,994 · Management $2,777$88,771
IX-12 Advertising and promotionPrograms $10,245$10,245
IX-13 Office expensesManagement $9,078$9,078
IX-17 TravelPrograms $1,680$1,680
IX-24 Other expenses (24a–d)Programs $101,175$101,175
IX-25 Total functional expensesPrograms $199,094 · Management $20,630 · Fundraising $0$219,724
Part X · Balance sheet $302,694 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $156,795$235,944
X-3 Pledges and grants receivable$15,000
X-9 Prepaid expenses and deferred chargesStart of year $30,000$51,750
X-16 Total assetsStart of year $186,795$302,694
X-17 Accounts payable and accrued expensesStart of year $50,179$31,849
X-19 Deferred revenueStart of year $21,761$92,985
X-26 Total liabilitiesStart of year $71,940$124,834
X-27 Net assets without donor restrictionsStart of year $114,855$177,860
X-32 Total net assets or fund balancesStart of year $114,855$177,860
X-33 Total liabilities and net assetsStart of year $186,795$302,694
Part XI · Reconciliation of net assets $177,860 net assets at year end
XI-1 Total revenue$283,575
XI-2 Total expenses$219,724
XI-3 Revenue less expenses$63,851
XI-4 Net assets at start of year$114,855
XI-9 Other changes in net assets−$846
XI-10 Net assets at end of year$177,860

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

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