Rhode Island · Nonprofit
RI BIO
RI BIO (Rhode Island) receives grants from 2 organizations whose IRS filings report $86,500 to it, the largest being THE RHODE ISLAND COMMUNITY FOUNDATION ($62,500). 1 of them have funded it in more than one year, and 72% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $544k
- Funders on record
- 2
- Grants received
- $87k
- Net assets
- $26k
What Ri Bio does
Mission
To support the health care industry by galvanizing collaboration between the health technologies companies, hospitals, universities, sources of capital and governmental partners to support and accelerate health technology development in rhode island.
As stated on its FY2024 Form 990.
Programs
Leadership skills for creating a successful post-pandemic future the program provided an opportunity for Ri Bio life sciences employer partners to offer training to help develop and retain leaders in their organizations. The training was offered virtually and provided flexible options for employees to take one or as many of the six courses to best meet their needs. The training offered the chance for employees who completed all of the courses to be considered for additional projects, new assignments or leadership roles.
Essentials of project management and advanced project management training this program helped individuals understand how to learn and utilize project management skills to create high performance employees and teams in a hybrid work environment.
Ri Biotech boot camp the Ri Biotech boot camp offered a solution to meet industry's needs for an immediate industry trained talent pool. After successful completion of the boot camp, participants were coached through a resume writing/interview preparation workshop to secure entry-level positions in the biotech, pharmaceutical and healthcare fields.
The 3 programs described on its FY2024 Form 990, listed largest first by expense.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $98k to $42k (−57%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 68% · 2020 56% · 2021 66% · 2022 73% · 2023 78% · 2024 77%. Grants only. Government contracts and fees sit inside program revenue.
78% of RI BIO’s revenue is contributions — about as donation-reliant as the typical peer (82% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Jaimy Mauricio
Board chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2020: the base broadened from 1 funder to 2 funders, grant income rose $6k → $69k.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 72% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of RI BIO’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
RI BIO leans on a few funders — its largest provides 72% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund RI BIO.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 91% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
72% of RI BIO's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $24k that is directly attributable, 100% of it comes from funders outside Rhode Island, across 1 state.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $63k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
RI BIO has grown faster than half of the 13,754 health nonprofits its size.
this organization peer median middle 50% of peers· 13,754 health nonprofits $100k–$1M, FY2024
Government funding RI BIO receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $298k on record.
- Department of Commerce$298k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like RI BIO
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Rhode Island
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
59% of spending goes to programs.
Governance
Footprint & structure
Part of a family of 1 related entity
- Ri Bio Foundation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for RI BIO: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds RI BIO?
- RI BIO (Rhode Island) receives grants from 2 organizations whose IRS filings report $86,500 to it, the largest being THE RHODE ISLAND COMMUNITY FOUNDATION ($62,500). 1 of them have funded it in more than one year, and 72% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does RI BIO have?
- IRS filings report 2 organizations giving $86,500 in grants to RI BIO, 1 of which have funded it in more than one year.
- Who is the largest funder of RI BIO?
- THE RHODE ISLAND COMMUNITY FOUNDATION is the largest funder on record, with $62,500 in grants. The full list of funders is on this page.
- How can an organization like RI BIO find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Ri Bio →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing