New England Biotechnology Association Inc
- Assets
- $23.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 02/2010
- Data as of
- 12/2018
- EIN
- 26-3498656
Organization Overview
New England Biotechnology Association Inc is located in Hartford, CT. The organization was established in 2010. According to its NTEE Classification (G92) the organization is classified as: Biomedicine & Bioengineering, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. New England Biotechnology Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2018, New England Biotechnology Association Inc generated $54.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $53.3k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
NEW ENGLAND BIOTECHNOLOGY ASSOCIATION EDUCATES POLICY MAKERS AND THE PUBLIC ABOUT THE BIOTECH INDUSTRY; PROMOTES PUBLIC POLICIES THAT FOSTER INNOVATION; ENCOURAGES ECONOMIC DEVELOPMENT IN THE BIOTECH SECTOR; AND ADVOCATES CONTINUED PATIENT ACCESS TO LIFE-SAVING AND LIFE-IMPROVING BREAKTHROUGH BIOTECHNOLOGY MEDICINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Pescatello President | 4 | $0 | |
David Goggin Chairman | 4 | $0 | |
Kathie Shields Treas.&sec'y | 4 | $0 | |
Gary Goodrich Director | 1 | $0 | |
Steve Evangelista Director | 1 | $0 | |
Maria Cahill Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $54,625 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $54,631 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $49,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,256 |
| Total expenses | $53,256 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,628 |
| Other assets | $0 |
| Total assets | $23,937 |
| Total liabilities | $30,625 |
| Net assets or fund balances | -$6,688 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New England Biotechnology Association Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $7,000 |
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