I2b2 Transmart Foundation
- Assets
- $1.7m
- Revenue
- $315.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 80-0912629
Organization Overview
I2b2 Transmart Foundation is located in Needham, MA. The organization was established in 2015. According to its NTEE Classification (J05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I2b2 Transmart Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, I2b2 Transmart Foundation generated $315.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $938.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE I2B2 TRANSMART FOUNDATION ENABLES EFFECTIVE COLLABORATION FOR PRECISION MEDICINE, THROUGH THE SHARING, INTEGRATION, STANDARDIZATION AND ANALYSIS OF HETEROGENOUS DATA FROM HEALTHCARE AND RESEARCH; THROUGH ENGAGEMENT AND MOBILIZATION OF A LIFE SCIENCES FOCUSED OPEN-SOURCE, OPEN-DATA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE I2B2 TRANSMART FOUNDATION IS A MEMBER-DRIVEN NON-PROFIT FOUNDATION DEVELOPING AN OPEN-SOURCE / OPEN-DATA COMMUNITY AROUND THE I2B2, TRANSMART AND OPENBEL TRANSLATIONAL RESEARCH PLATFORMS BY HOLDING SYMPOSIUMS, MEETINGS, AND PROMOTING AWARENESS OF ITS PLATFORMS,PRODUCTS, AND SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rudy Potenzone Secretary | Officer | 40 | $94,000 |
Griffin Weber Director | Trustee | 1.25 | $80,890 |
Diane Keogh Executive Di | Officer | 40 | $67,000 |
Zak Kohane Chairman | OfficerTrustee | $0 | |
Devon Atnoor Director | Trustee | $0 | |
Susanne Churchill Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,500 |
| Total Program Service Revenue | $0 |
| Investment income | $119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,306 |
| Compensation of current officers, directors, key employees. | $23,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104 |
| Fees for services: Accounting | $24,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,003 |
| Insurance | $1,260 |
| All other expenses | $640 |
| Total functional expenses | $938,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,894 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,650 |
| Net Land, buildings, and equipment | $1,242,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,683,496 |
| Accounts payable and accrued expenses | $45,713 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,713 |
| Net assets without donor restrictions | $1,471,280 |
| Net assets with donor restrictions | $166,503 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,683,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Putting New Yorkers To Work Inc New York, NY | $343,928 | $1,694,290 |
Labor Institute Inc New York, NY | $1,884,891 | $1,276,869 |
I2b2 Transmart Foundation Needham, MA | $1,683,496 | $315,619 |
Research Development & Technical Employees Union Lexington, MA | $886,261 | $313,513 |
Aleria Research Corporation New York, NY | $24,598 | $275,946 |