TY 2017 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) CAROL MALYSZ......................................................................
EXECUTIVE DIRECTOR

40.00
.................

71,125

(2) DAVID GOLDSMITH......................................................................
PRESIDENT

10.00
.................

(3) MARGARET D FARRELL......................................................................
SECRETARY

3.00
.................

(4) ALAN OSMOLOWSKI......................................................................
TREASURER

5.00
.................

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet


Name of organization MEDMATES	Employer identification number 46-2858053
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)


Name of organization MEDMATES	Employer identification number 46-2858053
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

MEDMATES

Employer identification number

46-2858053

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE TREASURER REVIEWS THE FORM 990 AND PROVIDES A COPY TO THE OTHER OFFICERS AT THEIR REQUEST.
FORM 990, PART VI, SECTION B, LINE 12C	MEDMATES REQUIRES EACH DIRECTOR,PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT THE INDIVIDUAL HAS RECIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ IT AND UNDERSTANDS IT, AND HAS AGREED TO COMPLY WITH THE POLICY. PERIODIC REVIEWS ARE ALSO PERFORMED AND INCLUDE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION AND THE RESULT OF ARM'S LENGTH BARGAINING. PERIODIC REVIEWS ALSO INCLUDE WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSABLE PRIVATE BENEFIT, OR IN AN EXCESS BENEFIT TRANSACTION.
FORM 990, PART VI, SECTION C, LINE 19	MEDMATES' GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 24E	WEBSITE EXPENSE: PROGRAM SERVICE EXPENSES 10,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,750. BUSINESS PLAN COMPLETION: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. HEALTH BENEFITS: PROGRAM SERVICE EXPENSES 7,877. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,877. FINANCIAL OVERSIGHT: PROGRAM SERVICE EXPENSES 7,287. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,287. ACCELERATOR PLATFORM MANAGEMENT: PROGRAM SERVICE EXPENSES 3,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,000. LIFE SCIENCES EXPO EXPENSES: PROGRAM SERVICE EXPENSES 2,503. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,503. INTERN SUPPORT: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 1,429. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,429. FEES: PROGRAM SERVICE EXPENSES 326. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 326. MEALS AND ENTERTAINMENT: PROGRAM SERVICE EXPENSES 281. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 281. CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 50. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50. BANK CHARGES: PROGRAM SERVICE EXPENSES 10. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: MEDMATES IS A CORPORATION WHOSE PURPOSE IS 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.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	3
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	3
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	1
6	Total number of volunteers (estimate if necessary) .............	6	45
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	155,365	252,703
9	Program service revenue (Part VIII, line 2g) .........	31,308	43,456
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	0	0
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	186,673	296,159
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	68,596	77,041
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	175,907	196,928
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	244,503	273,969
19	Revenue less expenses. Subtract line 18 from line 12.......	-57,830	22,190
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	25,437	47,627
21	Total liabilities (Part X, line 26).............	0	0
22	Net assets or fund balances. Subtract line 21 from line 20.....	25,437	47,627

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 33,008 including grants of $ 50,000 ) (Revenue $ )
	MEDMATES WAS AWARED A GRANT FROM THE RHODE ISLAND FOUNDATION IN OCTOBER, 2017. THIS GRANT IS USED TO PAY PART OF THE SALARY OF THE EXECUTIVE DIRECTOR.

4b	(Code: ) (Expenses $ 193,159 including grants of $ 187,703 ) (Revenue $ )
	MEDMATES WAS AWARDED A GRANT FROM THE RHODE ISLAND DEPARTMENT OF LABOR & TRAINING. THE PURPOSE OF THE GRANT WAS TO RECRUIT AND TRAIN MEDICAL TECHNOLOGY STARTUPS. MEDMATES HELD 10 NETWORKING AND COMMUNITY BUILDINGS EVENTS DURING THIS FISCAL YEAR. THEY ALSO WERE INVOLVED WITH THE RECRUITMENT AND ENGAGEMENT OF OVER 40 HEALTH AND WELLNESS VENTURES. THESE VENTURES INCLUDED RECRUITMENT AND ENGAGEMENT OF INDUSTRY PARTNERS, ENGAGEMENT OF INDUSTRY PROFESSIONALS FOR HEALTH AND WELLNESS ADVISORY COUNCIL, EARLY-STAGE AND LATE-STATE ADVISING OF VENTURE PARTICIPANTS, AND ASSISTANCE WITH HEALTH AND WELLFARE ACCELERATOR APPLICANTS AND GRADUATED VENTURES.

4c	(Code: ) (Expenses $ 35,260 including grants of $ ) (Revenue $ 43,456 )
	MEDMATES HELD A LIFE SCIENCES EXPO IN APRIL, 2018 WITH AN ATTENDANCE OF 300 PEOPLE. THIS EVENT BROUGHT TOGETHER COMPANIES FROM SOUTHEASTERN NEW ENGLAND TO SHOWCASE THE INNOVATION, GROWTH, AND DIVERSITY OF THE LIFE SCIENCES INDUSTRY IN THIS AREA. THIS EVENT PROVIDED AN OPPORTUNITY FOR COMPANIES TO FORGE CONNECTIONS WITH OTHERS IN THE LIFE SCIENCES INDUSTRY.

	(Code: ) (Expenses $ 12,542 including grants of $ 15,000 ) (Revenue $ )
	IN MARCH, 2018 MEDMATES WAS AWARED A $65,000 GRANT FROM THE NEW ENGLAND MEDICAL INNOVATION CENTER. AT APRIL 30, 2018 MEDMATES RECEIVED $15,000 FOR THE FIRST QUARTER DISTRIBUTION OF THE GRANT. THE GRANT WAS USED TOWARD THE SALARY OF THE EXECUTIVE DIRECTOR.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ 12,542 including grants of $ 15,000 ) (Revenue $ )
4e	Total program service expenses273,969

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	71,125	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e	202,703

f	All other contributions, gifts, grants, and similar amounts not included above		1f	50,000

g	Noncash contributions included in lines 1a - 1f:$		1g

h Total. Add lines 1a-1f.......		252,703

		Business Code
2a	LIFE SCIENCES EXPO	900099	43,456	43,456
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		43,456

3 Investment income (including dividends, interest, and othersimilar amounts) ......
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents			6a
b	Less: rental expenses			6b
c	Rental income or (loss)			6c
d	Net rental income or (loss).......
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory			7a
b	Less: cost or other basis and sales expenses			7b
c	Gain or (loss)			7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			296,159	43,456	0	0

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	71,125	71,125
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........	5,916	5,916
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	4,550	4,550
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	2,500	2,500
12	Advertising and promotion ....	144	144
13	Office expenses .......	581	581
14	Information technology ......	1,075	1,075
15	Royalties ..
16	Occupancy ...........	10,000	10,000
17	Travel ............	1,579	1,579
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	2,260	2,260
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	PROGRAM EXPENSES	64,627	64,627
b	EVENT EXPENSE	42,113	42,113
c	OUTREACH AND COMMUNICAT	11,582	11,582
d	PARTICIPANT TRACKING	10,904	10,904
e	All other expenses	45,013	45,013
25	Total functional expenses. Add lines 1 through 24e	273,969	273,969	0	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		25,437	1	47,627
2	Savings and temporary cash investments .........			2
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............			4
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .			11
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		25,437	16	47,627

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	0	26	0

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	0	29	0
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	25,437	31	47,627
32	Total net assets or fund balances ...........	25,437	32	47,627
33	Total liabilities and net assets/fund balances ........	25,437	33	47,627


Name of organization MEDMATES			Employer identification number 46-2858053
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.