Form 990 for tax year 2024

Totals

Total revenue

$1,327,898

Total expenses

$1,875,049

Contributions and grants received

$1,326,416

Grants paid

$0

Program service revenue

$0

Investment income

$1,482

Other revenue

$0

Total assets, end of year

$4,263,696

Total liabilities, end of year

$556,955

Net assets or fund balances, end of year

$3,706,741

Program services expenses (Part IX)

$1,444,170

Management and general expenses

$313,366

Fundraising expenses

$117,513

Program service expenses (Part III)

$1,444,170

Program services were 77.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• SEE SCHEDULE O:I-MAK'S 2024 ACHIEVEMENTS IN ITS THREE PROGRAM AREAS INCLUDE: RESEARCH: I-MAK RELEASED A PUBLIC EDUCATION GUIDE TITLED A BEGINNER'S GUIDE TO BIOLOGICS, BIOSIMILARS, AND PATENTS, AND SUBMITTED FORMAL COMMENTS ON THE USPTO'S PROPOSED TERMINAL DISCLAIMER RULE. OUR RESEARCH WAS CITED IN MULTIPLE STAKEHOLDER REPORTS AND TECHNICAL COMMENTARY SUBMISSIONS TO THE PTO/FDA. EDUCATION: OUR PUBLIC EDUCATION PROGRAM AIMED TO MAKE THE ROLE OF PATENTS CENTRAL IN THE DRUG PRICING CONVERSATION. I-MAK USED COMMUNICATIONS AND STAKEHOLDER ENGAGEMENT TO REVEAL HOW STRUCTURAL INEQUITIES AT EVERY LEVEL OF THE MEDICINES SYSTEM LEAD TO UNNECESSARY SUFFERING AND DEATH FOR MILLIONS OF PEOPLE WORLDWIDE. WE GENERATED MORE THAN 70 MEDIA STORIES, INCLUDING AUTHORING SIX OP-EDS AND RECEIVING COVERAGE IN TOP-TIER OUTLETS. POLICY: I-MAK BUILT ON PAST MOMENTUM TO HELP SHAPE PATENT POLICY REFORM IN 2024. WE PROVIDED TECHNICAL ASSISTANCE ON KEY LEGISLATION AND SUBMITTED DETAILED COMMENTS ON USPTO REFORM PROPOSALS AND TESTIFIED BEFORE THE SENATE HELP AND JUDICIARY COMMITTEES. OUR ENGAGEMENT CONTRIBUTED TO BIPARTISAN INTEREST IN ADDRESSING PATENT ABUSE, CATALYZED NEW PUBLIC-ENGAGEMENT INITIATIVES BY THE USPTO, AND SUPPORTED INCREASED SCRUTINY OF LEGISLATIVE PROPOSALS.

  Expenses $1,444,170

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2024

Filed

15 October 2025

IRS schema version

2024v5.2

Source object

202532889349303078

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.