New Orleans Bioinnovation Center Inc

Organization Overview

New Orleans Bioinnovation Center Inc is located in New Orleans, LA. The organization was established in 2004. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, New Orleans Bioinnovation Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Orleans Bioinnovation Center 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 06/2021, New Orleans Bioinnovation Center Inc generated $2.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WET LABORATORY AND OFFICE RENTALSUBSIDIZE WET LABORATORY AND OFFICE RENTAL FOR START-UP BIOTECHNOLOGY AND HEALTHCARE COMPANIES, PRIMARILY DERIVED FROM LOCAL UNIVERSITY RESEARCH.


COMMERCIALIZATION PROGRAMACTIVELY FACILITATES LOCAL BIOTECH BUSINESS DEVELOPMENT AND JOB CREATION THROUGH SUBSIDIZED OR FREE CONSULTING SERVICES, INCLUDING BUSINESS PLAN WRITING, MARKET RESEARCH, SECURING INTELLECTUAL PROPERTY, FORMING A MANAGEMENT TEAM, AND RAISING FINANCING THROUGH GRANT APPLICATIONS AND CONNECTIONS WITH VENTURE CAPITAL FIRMS.THIS PROGRAM ALSO AIMS TO RAISE AWARENESS OF COMMERCIALIZATION RESEARCH AS A POTENTIAL OUTCOME FOR ACADEMIC RESEARCH THROUGH PUBLIC EDUCATIONAL SEMINARS AND AN ANNUAL MINI-CONFERENCE DEDICATED TO THE DEVELOPING BIOTECH INFRASTRUCTURE AND ECONOMIC DEVELOPMENT IN NEW ORLEANS AND SURROUNDING AREAS.


LOAN PROGRAMASSISTS COMPANIES IN ACQUIRING THE CAPITAL NEEDED TO ACHIEVE GROWTH THAT WILL ENABLE THEM TO CREATE MORE JOBS AND ECONOMIC OPPORTUNITIES IN LOUISIANA BY PROVIDING LOW INTEREST LOANS WITH FLEXIBLE REPAYMENT TERMS TO QUALIFYING SMALL BUSINESSES AND START-UPS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,006,458
All other contributions, gifts, grants, and similar amounts not included above$5
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,006,463
Total Program Service Revenue$278,293
Investment income $18,895
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,280,311
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,583,962

Grants Recieved

Over the last fiscal year, we have identified 1 grants that New Orleans Bioinnovation Center Inc has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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