The 221B Foundation

Nonprofit profile at a glance

EIN
852835141
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2024
Location
Watertown, MA, USA
Phone
6173656144
Rating confidence
Limited
Sector
General Science

Reported finances

Revenue
$0
Expenses
$28,228
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Bryan Dechairo (President & CEO)

People named in this filing

  • Bryan Dechairo (President & CEO)
  • James Scavone (Treasurer & Secretary)
  • Pardis Sabeti (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The 221b Foundation (the 'Foundation') was a charitable and scientific organization established for the purposes of eradicating disease through research related to rapid diagnostic testing. The Foundation also devoted time and resources to supporting and promoting racial and gender diversity in science, technology, engineering, and mathematics ('STEM') industries.

What it reported doing in 2024

The period covered by this tax return was the Organization's final tax year. During its year of dissolution, the Foundation donated the majority of its remaining net assets to the Boston Children's Hospital in furtherance of its charitable missino to eradicate disease and to improve medical sciences.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 28
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 75.5%; rating input score 75

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -18.3% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -82.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -53.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 75.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $21K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.