Michigan Neonatal Biobank
- Assets
- $201.2k
- Revenue
- $223.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 04/2009
- Data as of
- 09/2023
- EIN
- 26-2932780
Organization Overview
Michigan Neonatal Biobank is located in Detroit, MI. The organization was established in 2009. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Neonatal Biobank 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 09/2023, Michigan Neonatal Biobank generated $223.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $314.3k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MICHIGAN NEONATAL BIOBANK IS A STORAGE AND MANAGEMENT FACILITY FOR THE MICHIGAN DEPARTMENT OF COMMUNITY HEALTH'S ARCHIVE OF DRIED BLOOD SPOTS. THE BIOBANK WILL PROVIDE RESEARCHERS ACCESS TO DRIED BLOOD SPOTS FOR RESEARCH INTO THE ORIGINS, PREVENTION AND CURES FOR DISEASES OF PUBLIC HEALTH CONCERN, WITH AN EMPHASIS ON PUBLIC HEALTH CONCERNS TO MICHIGAN CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATALOGING AND STORAGE OF DRIED BLOOD SPOTS FOR THE MICHIGAN DEPARTMENT OF COMMUNITY HEALTH. THE BIOBANK PROVIDES DRIED BLOOD SPOT SAMPLES TO MEDICAL RESEARCHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Goldman Director | Trustee | 1 | $0 |
Sonia Hassan Director | Trustee | 1 | $0 |
Sandip Shah Director | Trustee | 1 | $0 |
Christopher Krause Executive Di | OfficerTrustee | 40 | $54,083 |
Bart Williams Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,938 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,938 |
| Total Program Service Revenue | $32,204 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $223,152 |
| 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. | $70,932 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,000 |
| Fees for services: Legal | $75,578 |
| Fees for services: Accounting | $1,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,863 |
| Advertising and promotion | $0 |
| Office expenses | $221 |
| Information technology | $6,218 |
| Royalties | $0 |
| Occupancy | $116,235 |
| 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 | $0 |
| All other expenses | $594 |
| Total functional expenses | $314,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,565 |
| Savings and temporary cash investments | $100,649 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $201,214 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $201,214 |
| 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 | $201,214 |