I-Pass Patient Safety Institute, Inc.

Regulation Crowdfunding campaign information and financial data from SEC filings


According to their SEC filings, I-Pass Patient Safety Institute, Inc. is a Corporation organized in DE on 04-22-2016. They report having 3 employees, and revenue in their most recent fiscal year of $232,804 and $0 the prior year.

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161 Worcester Road
Suite 402
Framingham, MA 01701

Equity Crowdfunding Campaigns

I-Pass Patient Safety Institute, Inc. does not currently have any active Reg CF crowdfunding campaigns.

Previous Crowdfunding Offering
Wednesday, March 7, 2018

I-Pass Patient Safety Institute, Inc. previously ran a Reg CF crowdfunding campaign to raise a target of $50,000 via Wefunder before a deadline of 02-01-2018. They filed this progress report at the end of the offering: "The final number is $149,054.98 in investments."

Intermediary compensation

According to the SEC filings, Wefunder was compensated as follows for this offering:

"4.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering."

In addition to any direct compensation, I-Pass Patient Safety Institute, Inc. reports that Wefunder also received the following financial interest in the offering:

"Securities equal to 2.0% of the securities sold will be issued to the intermediary upon a successful fundraise."

Financial Information

The following information is taken from SEC filings.

Income Statement Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Revenue $232,804 $0 N/A
Cost of Goods Sold $152,547 $2,167 6939.5%
Taxes Paid $0 $0 N/A
Net Income -$972,414 -$675,094 N/A

Balance Sheet Items

Most-Recent Fiscal Year Prior Fiscal Year % Change
Total Assets $272,885 $1,132,328 -75.9%
Cash & Cash Equivalents $133,747 $1,072,883 -87.5%
Accounts Receivable $5,000 $0 N/A
Short-Term Debt $0 $201,844 N/A
Long-Term Debt $0 $0 N/A

Complete Reg CF filing activity feed