N 1 Collaborative Inc
- Assets
- $120.3k
- Revenue
- $397.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Somerville, MA
- Founding
- Data as of
- 12/2023
- EIN
- 88-2591503
Organization Overview
N 1 Collaborative Inc is located in Somerville, MA. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, N 1 Collaborative Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N 1 Collaborative Inc 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 12/2023, N 1 Collaborative Inc generated $397.5k in total revenue. All expenses for the organization totaled $279.6k during the year ending 12/2023. While expenses have increased by 68.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO MAKE INDIVIDUALIZED MEDICINES ROUTINELY AND RAPIDLY ACCESSIBLE TO RARE DISEASE PATIENTS WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ESTABLISH STANDARDS AND ENSURE CONSISTENCY ACROSS DIVERSE INDIVIDUALIZED TREATMENT PROGRAMS WORLDWIDE. SPECIFIC EXAMPLE ACCOMPLISHMENT: BEST PRACTICES HAVE BEEN DISSEMINATED THROUGH COLLABORATIVE EFFORTS, INCLUDING WORKGROUPS, SEMINARS, PEER-REVIEWED PUBLICATIONS, AND IN-PERSON MEETINGS. THIS EXCHANGE OF KNOWLEDGE HAS DIRECTLY BENEFITTED OUR COMMUNITY OF 500 MEMBERS, COMPRISING ACADEMIC RESEARCHERS, CLINICIANS, PATIENTS, AND INDUSTRY STAKEHOLDERS. ADDITIONALLY, NON-MEMBERS SEEKING EDUCATIONAL RESOURCES FOR INDIVIDUALIZED MEDICINES CAN FREELY ACCESS THE INFORMATION.
TO AGGREGATE AND DISSEMINATE PRECLINICAL AND CLINICAL DATA TO ENHANCE THE SAFETY AND EFFICACY OF INDIVIDUALIZED TREATMENTS AND SUPPORT REGULATORY DECISION-MAKING. SPECIFIC EXAMPLE: INITIATED PILOT PROJECTS TO ESTABLISH PRECLINICAL AND CLINICAL DATABASES, AIMING TO IDENTIFY THE MINIMUM VIABLE STRUCTURE REQUIRED FOR SUCH DATABASES. THIS ENDEAVOR ALLOWED US TO GAIN INSIGHTS INTO THE TECHNICAL, REGULATORY AND LEGAL FRAMEWORKS ESSENTIAL FOR SUPPORTING THESE DATABASES. APPROXIMATELY THIRTY PEOPLE DIRECTLY BENEFITED FROM THE PILOT PROJECTS, WITH A SIGNIFICANT NUMBER OF INDIRECT BENEFICIARIES ANTICIPATED ONCE THE PILOT IS EXPANDED TO THE PUBLIC.
TO FACILITATE CONNECTIONS AND COLLABORATION AMONG STAKEHOLDERS INVOLVED IN THE DEVELOPMENT OF INDIVIDUALIZED MEDICINES VIA A COLLABORATIVE PLATFORM WHERE STAKEHOLDERS OFFERING GOODS, SERVICES, REFERRALS, AND SUPPORT CAN CONNECT WITH THOSE SEEKING THEM, THEREBY FOSTERING IMPROVED COMMUNICATION AND ADVANCEMENT WITHIN THE FIELD. SPECIFIC EXAMPLE ACCOMPLISHMENT: VALIDATED THE NECESSITY FOR THE DESCRIBED PLATFORM, INITIATED THE FORMULATION OF PROJECT SCOPES, ENGAGED IN DISCUSSIONS WITH KEY STAKEHOLDERS, AND BEGAN DEVELOPING INITIAL RESOURCES. APPROXIMATELY 20 PEOPLE DIRECTLY BENEFITED FROM INITIAL SCOPING ACTIVITIES, WITH A SIGNIFICANT NUMBER OF DIRECT AND INDIRECT BENEFICIARIES ANTICIPATED AS THE PROJECT DEVELOPS FURTHER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Winston Yan President | OfficerTrustee | 5 | $0 |
Julia Vitarello Secretary | OfficerTrustee | 5 | $0 |
Tim Yu Treasurer | OfficerTrustee | 5 | $0 |
Annemieke Aartsma-Rus Director | Trustee | 2 | $0 |
Holm Graessner Director | Trustee | 1 | $0 |
Nicole Boice Director | Trustee | 1 | $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 | $397,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,502 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $397,502 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,867 |
| Payroll taxes | $16,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,978 |
| Fees for services: Accounting | $24,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,977 |
| Office expenses | $11,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,777 |
| 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 | $0 |
| Insurance | $788 |
| All other expenses | $0 |
| Total functional expenses | $279,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,320 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,320 |
| Accounts payable and accrued expenses | $8,236 |
| 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 | $8,236 |
| Net assets without donor restrictions | $112,084 |
| Net assets with donor restrictions | $0 |
| 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 | $120,320 |