Form 990-EZ for tax year 2023

Totals

Total revenue

$80,585

Total expenses

$78,566

Contributions and grants received

$80,500

Grants paid

$30,926

Program service revenue

$0

Membership dues (line 3)

$0

Investment income (line 4)

$85

Gain or loss on sale of assets (line 5c)

$0

Gaming and fundraising events, net (line 6d)

$0

Gross profit on inventory sales (line 7c)

$0

Other revenue (line 8)

$0

Total assets, end of year

$110,042

Total liabilities, end of year

$5,056

Net assets or fund balances, end of year

$104,986

Program service expenses (Part III)

$65,050

Program services were 82.8% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• Innovation education for students and trainees: Over the last year, we expanded our reach, bringing together over 300 students onto interdisciplinary teams. Through their individual projects in Sling Health, these students underwent 30 weeks of extracurricular experience in innovation and entrepreneurship related to biomedical technologies. This educational platform supported Sling Health missions and the missions of our partner universities to train students from cities including: St. Louis, Boston, Philadelphia, Ann Arbor, Atlanta, New Orleans, Lubbock, College Station and Los Angeles, and newly added Miami, and Denver.

  Expenses $10,197

• Development of new biomedical technologies: We supported over 40 new teams creating solutions to vetted clinical problems, and continued support for several teams that participated in previous years. The total number of teams and new biomedical technologies that have gone through our program is over 250 since our founding in 2013. As of the end of 2023, over 30 have continued as new companies. At least 17 have gone on to raise outside capital to date by 2023, totaling in excess of $150MM. Furthermore, we maintain and upgrade yearly a clinical problem database (currently with ~250 clinical needs) that identify current gaps within the healthcare system. This database serves as a starting platform for the future development of biomedical solutions.

  Expenses $38,605 · Grants $30,926

• 3) Increased exposure to biomedical entreprenuership: We increased exposure to medical entrepreneurship through multiple avenues. We conducted an augmented reality-enabled Demo Day, attracting over 200 participants. Here, our entrepreneurial teams showcased their prototypes to a broader audience, marking a significant milestone in their journey. We also featured in a prominent medical journal about our extended 6-week virtual innovation bootcamp, organized in mid-2022. This program involved over 100 participants from 30 global universities, creating 20 teams focused on solving emerging healthcare problems, reflecting our ever-expanding international footprint.

  Expenses $16,248

As filed on the 2023 return.

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

14 November 2024

IRS schema version

2023v5.0

Source object

202403209349211415

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