Boston Biostatistics Research Fdn Inc
- Assets
- $12.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Framingham, MA
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 04-2999619
Organization Overview
Boston Biostatistics Research Fdn Inc is located in Framingham, MA. The organization was established in 1988. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Boston Biostatistics Research Fdn Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Biostatistics Research Fdn Inc 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, Boston Biostatistics Research Fdn Inc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $604.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STATISTICAL MEDICAL RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON BIOSTATISTICS RESEARCH FOUNDATIONS INC. PERFORMED DATA ANALYSES FOR MULTIPLE PUBLIC HEALTH STUDIES INVOLVING BREAST CANCER DIAGNOSIS USING OPTOACOUSTICS; COLORECTAL CANCER SCREENING USING A STOOL-BASED DNA TEST; HYPERKALEMIA USING AN ORAL SORBENT, AND FATTY LIVER DISEASE. TWO PAPERS ON BREAST CANCER IMAGING, HYPERKALEMIA TREATMENT, AND COVID-19 WERE PUBLISHED. THREE ABSTRACTS WERE ACCEPTED FOR TALKS AND FOUR TALKS ON BREAST CANCER IMAGING, COLORECTAL CANCER SCREENING AND COVID-19 TREATMENT WERE GIVEN. WE HELPED WRITE TWO GRANT PROPOSALS TO COVER RESEARCH IN COVID-19. WE CONTINUED TO REVIEW PUBLICATIONS FOR MEDICAL JOURNALS. WE CONDUCTED STATISTICAL RESEARCH IN STUDY DESIGN AND ANALYSIS METHODS FOR SCREENING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip T Lavin Pres/treas/c | Officer | 20 | $216,000 |
Abby G Lavin Administrato | 40 | $111,600 | |
Mary E Lavin Administrato | 40 | $111,600 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Etera Solutions Llc Statistical | 12/30/20 | $297,071 |
North Rim Consulting Statistical | 12/30/20 | $145,094 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $448,859 |
| Investment income | $188,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,359,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,996,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,000 |
| Compensation of current officers, directors, key employees. | $54,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,200 |
| Pension plan accruals and contributions | $43,920 |
| Other employee benefits | $14,143 |
| Payroll taxes | $29,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,251 |
| Advertising and promotion | $0 |
| Office expenses | $140 |
| Information technology | $1,397 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,020 |
| All other expenses | $0 |
| Total functional expenses | $604,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,872 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,777,501 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,036,898 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $62,500 |
| Other liabilities | $0 |
| Total liabilities | $62,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,974,398 |
| Total liabilities and net assets/fund balances | $12,036,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Biological Laboratory Woods Hole, MA | $244,080,045 | $44,910,519 |
New York Structural Biology Center Inc New York, NY | $108,370,731 | $20,379,459 |
Boyce Thompson Institute For Plant Research Inc Ithaca, NY | $101,082,296 | $16,707,988 |
Massachusetts Biomedical Initiatives Worcester, MA | $18,513,088 | $4,335,258 |
Pasteur Foundation New York, NY | $1,467,517 | $451,654 |
Boston Biostatistics Research Fdn Inc Framingham, MA | $12,036,898 | $1,996,157 |
Nature Institute Inc Ghent, NY | $1,219,615 | $541,323 |
Fondation Sante Great Neck, NY | $361,322 | $446,245 |
Nyc Builds Bio Inc New York, NY | $5,531 | $352,473 |
Deltaquest Foundation Inc Concord, MA | $291,972 | $271,699 |
The Micropaleontology Press Foundation Inc Flushing, NY | $138,418 | $259,874 |
Feed My Sheep Foundation Inc Livonia, NY | $287,275 | $115,096 |