Biogen Foundation Inc
- Assets
- $25.6m
- Revenue
- $3.9m
- Investments
- $24.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 16-1636254
Organization Overview
Biogen Foundation Inc is located in Dallas, TX. The organization was established in 2003. 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. Biogen Foundation 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, Biogen Foundation Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $8.7m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Biogen Foundation Inc Corp Director | 40 | $450,000 | |
Bank Of America N A Agent For Fiduciary | 1 | $66,624 | |
Michael Dambach Treasurer | 1 | $0 | |
Alessandro Marcuzzi Director | 1 | $0 | |
Alisha Alaimo Director | 1 | $0 | |
Marco Dethomasis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $762,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,117,990 |
| Capital Gain Net Income | $3,117,990 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $125 |
| Total Revenue | $3,880,862 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $516,624 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55,160 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $378,812 |
| Total operating and administrative expenses | $979,198 |
| Contributions, gifts, grants paid | $7,702,516 |
| Total expenses and disbursements | $8,681,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,124,523 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,561,498 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Biogen Foundation Inc has awarded $7,702,516 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIOGEN FOUNDATION INC PURPOSE: CORPORATE FOUNDATION DIRECT | $5,258,433 |
MATCHING GIFT PROGRAM PURPOSE: MATCHING GIFT DISBURSEMENTS | $2,337,010 |
VOLUNTEER REWARDS PURPOSE: DONATIONS FOR EMPLOYEE | $107,073 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |