Medilytix Inc
- Assets
- $18.2k
- Revenue
- $41.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-3239418
Organization Overview
Medilytix Inc is located in Lincoln, MA. The organization was established in 2016. According to its NTEE Classification (U02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medilytix 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, Medilytix Inc generated $41.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $23.3k during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF NEW SOFTWARE TOOLS TO HELP PHYSICIANS IDENTIFY TUMORS FROM X-RAYS, PARTICULARLY FOR THE PEDIATRIC POPULATION; WILL ASSIST PHYSICIANS WORLDWIDE.
DEVELOPMENT AND MAINTENANCE OF SOFTWARE TO MODEL BIOLOGIC SENSORS. SOFTWARE AVAILABLE OPEN SOURCED ON MEDILYTIX WEBSITE WORLDWIDE - BENEFIT IN THE THOUSANDS
DISSEMINATION OF SOFTWARE TOOLS BY MAINTENANCE OF THE MEDILYTIX WEBSITE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Sauer-Budgephd President & Treas | 5 | $0 | |
Nadine Santacruz MD Vice President & Secretary | 5 | $0 | |
Peter Gilbert Board Member | 0.5 | $0 | |
Kristi Gilbert Board Member | 0.5 | $0 | |
Penny Carothers Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,120 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $41,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $892 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $334 |
| Total operating and administrative expenses | $23,303 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $23,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,183 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $8,028 |
| Other assets | $0 |
| Total assets | $18,211 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Council Of Engineering Companies Of New York Inc Albany, NY | $2,215,445 | $2,540,731 |
Mansfield Bio-Incubator Inc Mansfield, MA | $7,697,761 | $1,865,495 |
Jonathan F Reichert Foundation Inc Buffalo, NY | $2,620,771 | $54,848 |
Medilytix Inc Lincoln, MA | $18,211 | $41,120 |
Tech For Every Child Inc Ossining, NY | $0 | $0 |
Dy Foundation Inc Boston, MA | $1,000 | $1,000 |