Overview
What is Ri Bio?
Ri Bio is a nonprofit organization headquartered in Providence, Rhode Island, with a single employee. Their primary mission is to stimulate growth in the biotech industry by advocating for favorable policies, fostering a skilled workforce, collaborating with relevant entities, and disseminating knowledge and expertise. To achieve this, Ri Bio engages in activities such as advocacy, education, and partnership building with various stakeholders, including life sciences companies, hospitals, universities, capital sources, and government agencies. Recently, in collaboration with Sophaya Consulting, Ri Bio offered leadership training programs for 26 incumbent workers, focusing on empowering employees, cultivating adaptability, and fostering a more productive work environment. The training included seven modules, one-on-one coaching, and a capstone project.
Official website here: www.ri-bio.org
Is Ri Bio legitimate?
Ri Bio is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ri Bio submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $145,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $998
For more financial information, click here
Official website here: www.ri-bio.org
What is the mission statement of Ri Bio?
RI Bio's mission is centered around fostering growth in the biotech industry. They operate as a facilitator, promoting effective policy, educating a competent workforce, establishing collaborative relationships with relevant entities such as life sciences companies, hospitals, universities, and capital sources, and advocating for the advancement of scientific research. RI Bio serves to strengthen the health care sector by amplifying collaboration between health technology companies, hospitals, universities, and governmental partners, thereby accelerating the development of health technologies. They offer leadership training programs to empower workers, nurture a culture of creativity and adaptability, and enhance overall workplace productivity.
Official website here: www.ri-bio.org
What is the revenue of Ri Bio?
Ri Bio's revenue in 2023 was $661,388.
Official website here: www.ri-bio.org
Who are the executives of Ri Bio and what are their salaries?
The average compensation at Ri Bio during 2023 was $73,354. There are 2 employees at Ri Bio.
Here are 7 key members and their salaries:
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- Compensation: $145,710
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Official website here: www.ri-bio.org
Where can I find the form 990 for Ri Bio?
Ri Bio's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ri-bio.org
Learn more at the official website: www.ri-bio.org
Mission Statement of Ri Bio
RI Bio, a nonprofit organization, is committed to serving as a catalyst for the acceleration of the biotech industry. Its mission is multifaceted, encompassing advocacy for better policies, education to cultivate a robust life science workforce, collaboration with various stakeholders in the health care sector, and the promotion of scientific advancement. RI Bio's primary goal is to galvanize partnerships between health technologies companies, hospitals, universities, sources of capital, and governmental partners in Rhode Island, with the aim of supporting and accelerating the development of health technologies within the region. By advocating for policies that foster growth, educating a skilled workforce, and fostering collaboration, RI Bio seeks to propel the biotech industry forward, ultimately contributing to improved health care services.
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Impact
October, 2024
Ri Bio serves as a significant catalyst for the acceleration of the biotech industry in Rhode Island. By fostering collaboration among health technology companies, hospitals, universities, and funding sources, Ri Bio promotes the advancement of science and the development of innovative health solutions.
One of its key initiatives is leadership training, which has provided both Emerging and Advanced leadership programs to 26 incumbent workers. These training sessions focused on empowering leaders to foster creativity, adaptability, and productivity within their organizations. With specialized coaching and a requirement for participants to complete a capstone project, Ri Bio's programs have effectively developed a more skilled and forward-thinking workforce in the life sciences sector.
Through its work, Ri Bio not only enhances the capabilities of individual workers but also strengthens the overall ecosystem of the healthcare industry in Rhode Island, positioning it for greater advancements and impact in medical research and development.
This information is meant to be a general summary of Ri Bio. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $147,926
- Gross Receipts: $661,388
Assets and Liabilities:
- Total Assets: $119,673
- Total Liabilities: $37,165
- Net Assets: $82,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Memberships
Revenue
$131,926
Sponsorships
Revenue
$16,000
Organization Details
Founding Year
2013
Principal Officer
Carol Malysz
Website
www.ri-bio.orgNTEE Category
Code: H03 - Medical research
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