New England Biolabs Foundation
- Assets
- $7.5m
- Revenue
- $1.8m
- Investments
- $6.4m
- Employees
- 0
- Location
- Ipswich, MA
- Founding
- 06/1984
- Data as of
- 12/2022
- 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 12/2022, New England Biolabs Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 8 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 1,442 individual grants totaling $7,686,829. 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
2022
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 2022, IN PARTNERSHIP WITH CREATIVE ACTION INSTITUTE, THESE ACTIVITIES INCLUDED: AN IN-PERSON WORKSHOP FOR GRANTEES FROM GUATEMALA, HONDURAS, BELIZE AND MEXICO, WHO ALSO PARTICIPATED IN A SERIES OF VIRTUAL TRAINING MODULES. IN ADDITION, 10 NEBF GRANTEES WERE PROVIDED WITH COACHING AND MIN-GRANTS TO IMPLEMENT 10 CREATIVE ACTION PRACTICUMS IN COMMUNITIES IN GUATEMALA, HONDURAS, BELIZE, NICARAGUA, PERU AND CAMEROON. IN PARTNERSHIP WITH SALEM STATE UNIVERSITY, A GROUP OF GRANTEES FROM GUATEMALA, HONDURAS, NICARAGUA, BELIZE AND MEXICO PARTICIPATED IN A TRAINING WORKSHOP TO DEVELOP SKILLS IN COMMUNITY MAPPING AND PARTICIPATORY GIS, FOLLOWED BY A SITE VISIT TO SUPPORT THE FIELD WORK OF ONE OF THE GUATEMALAN GRANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica L Brown Executive Director | 40 | $123,071 | |
Henry P Paulus Trustee | 5 | $0 | |
David C Comb Trustee | 5 | $0 | |
Heidi Ellard Trustee | 10 | $0 | |
Dylan Comb Trustee | 5 | $0 | |
Jovial King Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,444,234 |
| Interest on Savings | $0 |
| Dividends & Interest | $246,121 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,431 |
| Capital Gain Net Income | $85,431 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,963 |
| Total Revenue | $1,785,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $153,221 |
| Other employee salaries and wages | $91,701 |
| Pension plans, employee benefits | $25,219 |
| Interest | $0 |
| Taxes | $24,747 |
| Depreciation | $7,639 |
| Occupancy | $1,769 |
| Travel, conferences, and meetings | $3,396 |
| Printing and publications | $0 |
| Other expenses | $94,898 |
| Total operating and administrative expenses | $604,673 |
| Contributions, gifts, grants paid | $997,337 |
| Total expenses and disbursements | $1,602,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35 |
| Savings and temporary cash investments | $873,126 |
| Net Accounts receivable | $701 |
| 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 | $587,679 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $56,214 |
| Total assets | $7,476,120 |
| Accounts payable and accrued expenses | $2,909 |
| Grants payable | $243,980 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,591 |
| Total liabilities | $266,480 |
Grants Awarded
Over the last fiscal year, New England Biolabs Foundation has awarded $1,398,637 in support to 236 organizations.
| Grant Recipient | Amount |
|---|---|
A ROCHA GHANA PURPOSE: COMMUNITY-BASED DEVELOPMENT OF A MEDICINAL PLANT GARDEN NEAR THE BOBIRI FOREST RESERVE AND BUTTERFLY SANCTUARY, GHANA: PHASE II | $2,200 |
A ROCHA GHANA PURPOSE: OUR HERITAGE, OUR FUTURE : TOWARDS SAFEGUARDING AND VALORIZATION OF TRADITIONAL KNOWLEDGE AND CULTURAL HERITAGE OF LAKE BOSOMTWE | $12,000 |
ABOYERD - AGRICULTURE & BIOCONSERVATION ORG PURPOSE: ADVANCING COMMUNITY CONSERVATION OF GREAT APES AND ELEPHANTS IN CAMPO MAAN NATIONAL PARK, CAMEROON | $1,600 |
AGRO-INTRODUCTIONS GHANA (AIG) PURPOSE: SUSTAINING ALTERNATIVE LIVELIHOODS TO CONSERVE BIOLOGICAL AND CULTURAL DIVERSITY THE WECHIAU COMMUNITY HIPPO SANCTUARY | $1,800 |
ACCELERATED RURAL DEVELOPMENT ORGANISATION (ARDO) PURPOSE: TRANSFORMING ECOSYSTEM SERVICES FLOW THROUGH LIVELIHOOD ENTERPRISES IN TOGO PLATEAU REGION | $2,000 |
CASA CONGO PURPOSE: CASA CONGO PROGRAM OF AGROECOLOGY IN EL ASTILLERO, NICARAGUA | $1,800 |