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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 86-3752273

AXISMED

Tax-exempt · SAVOY, IL 61874

Financials

$0$1922023$0$3072024
Revenue Expenses · by fiscal year end
Financials of AXISMED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990-EZ$0$307-$307$2,386$0$2,386
May 31, 2024990-EZ$0$192-$192$2,693$0$2,693
Financial details: 990-EZ for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$110
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Occupancy
$197
Program services (functional)
$162

Balance sheet and other

Total assets, start of year
$2,693
Total assets, end of year
$2,386
Total liabilities, end of year
$0
Net assets, end of year
$2,386
Cash, savings and investments
$2,386
Gross receipts
$0

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Alexander SmithPresident5$0
Neddie ByronTreasurer5$0
Bilal KarimSecretary5$0
990-EZ for the year ended May 31, 2024: 3 people
NameTitleHours / weekCompensation
Alexander SmithPresident10$0
Ariana BarreauTreasurer5$0
Alexander TeagueSecretary5$0

Address and contacts

Address (IRS master file)
102 ESSEX LN, SAVOY, IL 61874-8524
In care of
% ALEXANDER SMITH
Signed the 990-EZ
Alexander Smith, President
Phone
(314) 255-9112

Mission

AxisMED serves a community of early-stage medical entrepreneurs in the Champaign-Urbana community. The program intends to create grant-based funding opportunities for student teams in future years. To date, we have mentored 3 cohorts of student teams for a total of 9 teams through curricular years, which start in August and end in May. AxisMED has partnered with organizations associated with the University of Illinois to promote education in the biotechnology space alongside existing entrepreneurship programs. To date, all involvement of the leadership of AxisMED has been on a volunteer basis. We received our first grant recently, and aim to divide this grant into small grants for our teams in the next year's cohort.

990-EZ for the year ended May 31, 2025

Program accomplishments

  • AxisMED has supported a total of 15 teams in the early-stage entrepreneurship process. The annual program began by recruiting 6 team leaders in August of 2022. The team leaders cohort narrowed to 4 who stayed engaged with the program, and these team leaders recruited several team members, for team sizes of 4-7 members. Each of these teams found a challenge in the medical field worth pursuing a new solution to, and began research. The teams have engaged in 4 design reviews so far, and have been allocated $125 each in funding to support presentations that they will conduct later this Spring. The leadership team all works on a volunteer basis, providing education to the students who are learning about entrepreneurship in a hands-on way. In previous years, teams have raised tens of thousands in funding after completing our program, and have shown that our program allows for students to learn and engage in medical entrepreneurship in a competitive level to their peers in other areas after they've completed our program.
    Expenses $162 · grants $110

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990-EZ on file
2023May 31, 2024October 15, 2024990-EZ on file

File the 2025 990-N for AXISMED

Due October 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
86-3752273
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
May
Files
Form 990-N (e-Postcard)
Category (NTEE)
Medical research (H92)
Assets (IRS master file)
$2,386

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZMay 2025$0$307$2,386XML
990-EZMay 2024$0$192$2,693XML
990-EZMay 2023–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3752273).

Questions about AXISMED

What is the EIN of AXISMED?
The employer identification number (EIN) of AXISMED is 86-3752273.
Is AXISMED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to AXISMED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AXISMED file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of AXISMED due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AXISMED last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended May 2025.
Who are the officers and directors of AXISMED?
The 990-EZ for the year ended May 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does AXISMED have?
On its 990-EZ for the year ended May 31, 2025 it reported revenue of $0, expenses of $307 and total assets of $2,386 at year end.

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