Baruch S Blumberg Institute
- Assets
- $7.3m
- Revenue
- $8.1m
- Investments
- $302.5k
- Employees
- 48
- Location
- Doylestown, PA
- Founding
- 03/2005
- Data as of
- 06/2022
- EIN
- 06-1671347
Organization Overview
Baruch S Blumberg Institute is located in Doylestown, PA. The organization was established in 2005. According to its NTEE Classification (H40) the organization is classified as: Diseases of Specific Organs Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, Baruch S Blumberg Institute employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baruch S Blumberg Institute 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 06/2022, Baruch S Blumberg Institute generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $8.5m during the year ending 06/2022. While expenses have increased by 6.0% per year over the past 7 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, Baruch S Blumberg Institute has awarded 47 individual grants totaling $5,365,072. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BARUCH S. BLUMBERG INSTITUTE IS TO USE DISCOVERY SCIENCE TO FIND NEW THERAPIES FOR VIRAL HEPATITIS AND LIVER CANCER; TO ADVANCE ITS RESEARCH DISCOVERIES THROUGH TRADITIONAL SCHOLARSHIP AND EDUCATIONAL OPPORTUNITIES; TO NURTURE BIOTECHNOLOGY AND TO PROMOTE PUBLIC HEALTH OUTREACH PROGRAMS TO IMPROVE THE QUALITY OF LIFE FOR THOSE AFFECTED BY VIRAL HEPATITIS.
Describe the Organization's Program Activity:
RESEARCH - TO DISCOVER AND/OR ASSIST IN THE DISCOVERY OF THERAPEUTICS, DIAGNOSTICS, AND PATHOGENESIS OF MEDICALLY IMPORTANT DISEASES IN GENERAL AND VIRAL HEPATITIS AND RELATED DISEASES IN PARTICULAR.
ACADEMIC - THE BARUCH S. BLUMBERG INSTITUTE HAS PARTNERED WITH SCHOOLS AND HIGHER EDUCATION AND OTHER AGENCIES TO BRING ACADEMIC PROGRAMMING TO THE BIOTECHNOLOGY CENTER.
B. LABS AT CIRA CENTER - BEGINNING IN JANUARY 2022, BSBI REPLICATED ITS SUCCESSFUL LIFE SCIENCES INCUBATOR MODEL BY PARTNERING WITH BRANDYWINE REALTY TRUST INCLUDING THE MANAGEMENT OF OPERATIONS, PROVIDING OF SERVICES AND RECRUITMENT OF COMPANIES FOR THE INCUBATOR.
PUBLIC HEALTH OUTREACH AND TRAINING - TO PROMOTE AWARENESS OF LIVER DISEASES AND CHRONIC DISEASES; TO PROMOTE EDUCATION AND TRAINING IN THE AREA OF LIVER DISEASE ALONG WITH DISCOVERY RESEARCH AND PUBLIC HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy M Block PHD President (thru 6/30/22) | OfficerTrustee | 16 | $213,239 |
Wayne Yetter MBA Chairman | OfficerTrustee | 1 | $0 |
Elizabeth Seeber MBA CPA Treasurer | OfficerTrustee | 1 | $0 |
Loren Danzis ESQ Director | Trustee | 1 | $0 |
Joel Rosen ESQ Director | Trustee | 1 | $0 |
Thomas Shenk PHD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,575,380 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,305,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,880,518 |
| Total Program Service Revenue | $467,468 |
| Investment income | $47,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $26,673 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,126,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $510,813 |
| 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. | $492,060 |
| Compensation of current officers, directors, key employees. | $133,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,490,103 |
| Pension plan accruals and contributions | $62,347 |
| Other employee benefits | $479,250 |
| Payroll taxes | $255,487 |
| Fees for services: Management | $147,903 |
| Fees for services: Legal | $169,767 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $87,835 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $400,431 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $855,891 |
| Travel | $63,737 |
| 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 | $170,638 |
| Insurance | $43,357 |
| All other expenses | $0 |
| Total functional expenses | $8,509,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,798 |
| Savings and temporary cash investments | $754,569 |
| Pledges and grants receivable | $276,973 |
| Accounts receivable, net | $305,276 |
| 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 | $343,319 |
| Investments—publicly traded securities | $1,307,794 |
| Investments—other securities | $302,467 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,749,013 |
| Total assets | $7,307,209 |
| Accounts payable and accrued expenses | $1,097,285 |
| 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 | $0 |
| Other liabilities | $2,188,844 |
| Total liabilities | $3,286,129 |
| Net assets without donor restrictions | $2,981,862 |
| Net assets with donor restrictions | $1,039,218 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,307,209 |
Grants Awarded
Over the last fiscal year, Baruch S Blumberg Institute has awarded $510,813 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH STATE UNVIVERSITY PURPOSE: RESEARCH GRANT | $59,672 |
HEPATITIS B FOUNDATION PURPOSE: OPERATING SUPPORT | $420,000 |
LANKENAU INSTITUTE FOR MEDICAL RESEARCH PURPOSE: RESEARCH GRANT | $26,111 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: RESEARCH GRANT | $5,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baruch S Blumberg Institute Doylestown, PA | $7,307,209 | $8,126,046 |
National Pancreas Foundation Bethesda, MD | $1,911,190 | $2,721,582 |
Systemic Lupus International Collaborating Clinics Pittsburgh, PA | $568,083 | $518,790 |
Prostate Cancer Research Inc Dover, DE | $30,551 | $22,687 |
Foundation For Reproductive Medicine New York, NY | $52,380 | $286,882 |
Scleroderma Foundation Tri State Chapter Inc Binghamton, NY | $809,750 | $13,837 |
Ian Burkhart Foundation Columbus, OH | $189,676 | $0 |
New York Fertility Research Foundation Inc New York, NY | $0 | $0 |
Defy Foundation West Chester, PA | $146,745 | $0 |
Overcoming Multiple Sclerosis Usa Inc Brooklyn, NY | $37,871 | $0 |
International Childrens Continence Society Inc Chappaqua, NY | $195,461 | $0 |
New Age Research Foundation New Hyde Park, NY | $8,129 | $0 |
Burrill B Crohn Research Foundation Annenberg 23-02 1 Gustave Levy Place New York, NY | $0 | $0 |
World Free Of Als Inc Millville, PA | $0 | $67 |