Bioaccel
- Assets
- $2.2m
- Revenue
- $21.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Surprise, AZ
- Founding
- 06/2010
- Data as of
- 12/2019
- EIN
- 26-2751302
Organization Overview
Bioaccel is located in Surprise, AZ. The organization was established in 2010. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bioaccel 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 12/2019, Bioaccel generated $21.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (56.2%) each year. All expenses for the organization totaled $98.2k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ECONOMIC DEVELOPMENT THROUGH ACCELERATED COMMERCIALIZATION OF EARLY STAGE BASIC AND APPLIED RESEARCH IN THE LIFE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASED IN METROPOLITAN PHOENIX, ARIZONA, BIOACCEL ACCELERATES THE DEVELOPMENT OF NEW COMPANIES AND BIOMEDICAL PRODUCTS BY PROVIDING ENTREPRENEURS WITH THE NEEDED TRAINING, MENTORING, AND EARLY-STAGE FUNDING SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicosha Nikki Corday Interim COO | Officer | 40 | $46,614 |
Mary Ann Guerra Director | OfficerTrustee | 2 | $0 |
Anthony Bajoras Director | Trustee | 2 | $0 |
Eric Miller Director | Trustee | 2 | $0 |
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 | $700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700 |
| Total Program Service Revenue | $20,000 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $452 |
| Net Rental Income | $0 |
| 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 | $21,182 |
| 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. | $56,212 |
| Compensation of current officers, directors, key employees. | $28,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,658 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,600 |
| Advertising and promotion | $657 |
| Office expenses | $1,718 |
| Information technology | $7,968 |
| 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 | $3,652 |
| All other expenses | $0 |
| Total functional expenses | $98,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,082,824 |
| Intangible assets | $0 |
| Other assets | $2,554 |
| Total assets | $2,150,495 |
| Accounts payable and accrued expenses | $345,691 |
| 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 | $0 |
| Total liabilities | $345,691 |
| Net assets without donor restrictions | $1,804,804 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,150,495 |
Grants Awarded
Over the last fiscal year, Bioaccel has awarded $8,069 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VERVE MEDICAL PURPOSE: MEDICAL TECHNOLOGY | $7,000 |
SACCADOUS INC PURPOSE: MEDICAL TECHNOLOGY | $1,069 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bioaccel has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Lawrence Institute Scottsdale, AZ PURPOSE: TO PROVIDE PRO-BONO TRAINING AND FINANCIAL SUPPORT. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |
Providence Foundation Of San Francisco San Francisco, CA | $2,572,916 | $7,012,697 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
La Cocina Inc San Francisco, CA | $10,601,250 | $8,307,558 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Visit Napa Valley Inc Napa, CA | $10,680,406 | $9,057,176 |
Northern California Indian Development Council Inc Eureka, CA | $9,408,932 | $5,019,094 |
Greater Sacramento Area Economic Council Sacramento, CA | $15,768,585 | $3,467,560 |