Axismed is located in Champaign, IL. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Axismed is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
AXISMED HAS SUPPORTED A TOTAL OF 9 TEAMS IN THE EARLY-STAGE ENTREPRENEURSHIP PROCESS. THE ANNUAL PROGRAM BEGAN BY RECRUITING 6 TEAM LEADERS IN AUGUST OF 2022. THE TEAM LEADERS COHORT NARROWED TO 4 WHO STAYED ENGAGED WITH THE PROGRAM, AND THESE TEAM LEADERS RECRUITED SEVERAL TEAM MEMBERS, FOR TEAM SIZES OF 4-7 MEMBERS. EACH OF THESE TEAMS FOUND A CHALLENGE IN THE MEDICAL FIELD WORTH PURSUING A NEW SOLUTION TO, AND BEGAN RESEARCH. THE TEAMS HAVE ENGAGED IN 4 DESIGN REVIEWS SO FAR, AND HAVE BEEN ALLOCATED $125 EACH IN FUNDING TO SUPPORT PRESENTATIONS THAT THEY WILL CONDUCT LATER THIS SPRING. THE LEADERSHIP TEAM ALL WORKS ON A VOLUNTEER BASIS, PROVIDING EDUCATION TO THE STUDENTS WHO ARE LEARNING ABOUT ENTREPRENEURSHIP IN A HANDS-ON WAY. IN PREVIOUS YEARS, TEAMS HAVE RAISED TENS OF THOUSANDS IN FUNDING AFTER COMPLETING OUR PROGRAM, AND HAVE SHOWN THAT OUR PROGRAM ALLOWS FOR STUDENTS TO LEARN AND ENGAGE IN MEDICAL ENTREPRENEURSHIP IN A COMPETITIVE LEVEL TO THEIR PEERS IN OTHER AREAS AFTER THEY'VE COMPLETED OUR PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alexander Smith President | 10 | $0 | |
Ariana Barreau Treasurer | 5 | $0 | |
Alexander Teague Secretary | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $0 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $84 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $0 |
Total expenses | $192 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $2,693 |
Other assets | $0 |
Total assets | $2,693 |
Total liabilities | $0 |
Net assets or fund balances | $2,693 |
Organization Name | Assets | Revenue |
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Cincinnati Education And Research For Veterans Foundation Cincinnati, OH | $1,826,450 | $1,501,158 |
Biomedical Research Foundation Medical Research 151 Little Rock, AR | $1,305,966 | $1,219,275 |
Nebraska Educational Biomedical Research Association Omaha, NE | $3,597,352 | $983,373 |
Wisconsin Corporation For Biomedical Research Milwaukee, WI | $2,185,288 | $437,156 |