I2b2 Transmart Foundation
- Assets
- $1.6m
- Revenue
- $65.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 03/2015
- Data as of
- 06/2024
- 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 06/2024, I2b2 Transmart Foundation generated $65.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $812.7k during the year ending 06/2024. 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
2024
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 |
|---|---|---|---|
Griffin Weber Director | Trustee | 1 | $75,000 |
Diane Keogh Executive Di | Officer | 15 | $60,000 |
Shawn Murphy Director | Trustee | 1 | $30,000 |
Susanne Churchill Director | Trustee | 1 | $0 |
David Dimond Director | Trustee | 1 | $0 |
Zak Kohane Chairman | OfficerTrustee | 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 | $65,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,000 |
| Total Program Service Revenue | $0 |
| Investment income | $30 |
| 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 | $65,030 |
| 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. | $197,250 |
| Compensation of current officers, directors, key employees. | $33,000 |
| 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 | $0 |
| Fees for services: Accounting | $19,450 |
| 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 | $1,857 |
| 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 | $812 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,003 |
| Insurance | $1,990 |
| All other expenses | $512 |
| Total functional expenses | $812,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,391 |
| Savings and temporary cash investments | $306,334 |
| 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 | $199,652 |
| Net Land, buildings, and equipment | $502,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,635,324 |
| Accounts payable and accrued expenses | $47,776 |
| 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 | $47,776 |
| Net assets without donor restrictions | $1,013,730 |
| Net assets with donor restrictions | $573,818 |
| 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 | $1,635,324 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Labor Institute Inc New York, NY | $1,523,967 | $1,153,840 |
I2b2 Transmart Foundation Needham, MA | $1,635,324 | $65,030 |
Putting New Yorkers To Work Inc New York, NY | $80,506 | $555,000 |
Research Development & Technical Employees Union Lexington, MA | $928,871 | $309,734 |
Aleria Research Corporation New York, NY | $44,521 | $0 |
Laundry Industry Fund Inc White Plains, NY | $412,064 | $0 |