Axismed
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $0
- Spending
- $307
- Reserves
- 93.3 months of spending
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $162 spent. 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.
Source: Form 990EZ for the year ending May 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending May 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.