New England Biolabs Foundation
- Assets
- $9.8m
- Revenue
- $1.5m
- Investments
- $9.1m
- Employees
- 0
- Location
- Ipswich, MA
- Founding
- 06/1984
- Data as of
- 12/2021
- EIN
- 04-2776213
Organization Overview
New England Biolabs Foundation is located in Ipswich, MA. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Biolabs Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New England Biolabs Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New England Biolabs Foundation has awarded 1,403 individual grants totaling $6,805,026. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY-BUILDING OF GRANTEES - THE NEW ENGLAND BIOLABS FOUNDATION, IN COLLABORATION WITH PARTNER INSTITUTIONS, CONDUCTS CAPACITY-BUILDING PROGRAMS THAT PROVIDE TRAINING AND NETWORKING OPPORTUNITIES FOR ITS GRANTEES IN ITS TARGET REGIONS. IN 2021, IN PARTNERSHIP WITH CREATIVE ACTION INSTITUTE, THESE INCLUDED A WEBINAR, A SERIES OF SKILL-SHARES, AND FOUR 10-SESSION COURSES FOR GRANTEES IN GUATEMALA, HONDURAS, NICARAGUA, PERU, BELIZE, MEXICO, GHANA, AND CAMEROON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica L Brown Executive Director | 27 | $90,741 | |
Henry P Paulus Trustee | 5 | $0 | |
David C Comb Trustee | 5 | $0 | |
Jovial King Trustee | 5 | $0 | |
Heidi Ellard Trustee | 10 | $0 | |
Dylan Comb Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $444,554 |
| Interest on Savings | $0 |
| Dividends & Interest | $436,588 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $585,244 |
| Capital Gain Net Income | $585,244 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,106 |
| Total Revenue | $1,485,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $90,741 |
| Other employee salaries and wages | $90,403 |
| Pension plans, employee benefits | $54,004 |
| Interest | $0 |
| Taxes | $24,853 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,287 |
| Printing and publications | $0 |
| Other expenses | $28,808 |
| Total operating and administrative expenses | $493,643 |
| Contributions, gifts, grants paid | $877,600 |
| Total expenses and disbursements | $1,371,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35 |
| Savings and temporary cash investments | $558,985 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $386,261 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,239 |
| Total assets | $9,778,502 |
| Accounts payable and accrued expenses | $1,842 |
| Grants payable | $401,300 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $16,884 |
| Total liabilities | $420,026 |
Grants Awarded
Over the last fiscal year, New England Biolabs Foundation has awarded $1,248,225 in support to 267 organizations.
| Grant Recipient | Amount |
|---|---|
Ipswich, MA PURPOSE: GRANTEE CAPACITY BUILDING | $75,000 |
Ipswich, MA PURPOSE: GENERAL OPERATING SUPPORT | $65,000 |
Lemoyne, PA PURPOSE: SUSTAINABLE HARVEST AND MARKETING OF VALUE-ADDED NON-TIMBER FOREST PRODUCTS (NTFPS) WITH NATIVE COMMUNITIES IN THE NORTHERN PERUVIAN AMAZON (TWO-YEAR GRANT) | $15,000 |
The Plains, VA PURPOSE: BUILDING THE CAPACITY OF BIRD-FRIENDLY CACAO FARMING IN HONDURAS (TWO-YEAR GRANT) | $15,000 |
San Francisco, CA PURPOSE: MONITORING MANAGEMENT EFFECTIVENESS OF BELIZES TURNEFFE ATOLL MARINE RESERVE THROUGH THE LONG-TERM STUDY OF MARINE MEGAFAUNA (TWO-YEAR GRANT) | $15,000 |
Boston, MA PURPOSE: ADVANCING AGROECOLOGY AND BIOCULTURAL DIVERSITY AND LANDS IN THE INDIGENOUS LENCA REGION OF HONDURAS (TWO-YEAR GRANT) | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |