Bent Creek Institute Inc
- Assets
- $201.7k
- Revenue
- $266.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Asheville, NC
- Founding
- 08/2010
- Data as of
- 06/2021
- EIN
- 26-4768737
Organization Overview
Bent Creek Institute Inc is located in Asheville, NC. The organization was established in 2010. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Bent Creek Institute Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bent Creek Institute 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, Bent Creek Institute Inc generated $266.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $267.2k during the year ending 06/2021. While expenses have increased by 22.7% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BENT CREEK INSTITUTE, INC. (BCI), A NON-PROFIT RESEARCH AND ECONOMIC DEVELOPMENT ORGANIZATION ACCELERATES RESEARCH, DEVELOPMENT, AND PRODUCTION OF SAFE PLANT DERIVED WELLNESS PRODUCTS IN WESTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN COLLABORATION WITH THE NORTH CAROLINA ARBORETUM (TNCA), BCI CONTINUED TO MANAGE BOTANICAL INGREDIENT AUTHENTICATION AND TESTING SERVICES AT US BOTANICAL SAFETY LABORATORY (USBSL). USBSL ALSO PROVIDED FORMULATION SERVICES TO SMALL BUSINESSES, PROVIDING ACCESS TO GMP COMPLIANT PROTOTYPING AND MANUFACTURING SERVICES. USBSL MAINTAINED REGIONAL PARTNERSHIPS INCLUDING WITH THE BIONETWORK LABORATORY (A DIVISION OF THE COMMUNITY COLLEGE SYSTEM) TO ANCHOR AN ACCESSIBLE HUB FOR THE PRODUCTION OF VALUE ADDED PRODUCTS FROM WNC ALTERNATIVE AGRICULTURE. USBSL ALSO PROVIDED A VALUABLE USFDA NEW DIETARY INGREDIENT NOTIFICATION (NDIN) AND RELATED COMPLIANCE SERVICES TO VARIOUS BOTANICAL PRODUCTS COMPANIES LOCATED OR WITH OPERATIONS IN WESTERN NORTH CAROLINA.
BCI AND USBSL PROVIDED STRATEGIC ADVISORY AND CONSULTING SERVICES TO PRODUCERS AND START-UPS TO ASSSIST IN SCALE-UP AND R&D OF HERBAL PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Briggs Chair | OfficerTrustee | 5 | $0 |
Gregory W Cumberford Vice Chair And Treasurer | OfficerTrustee | 4 | $0 |
Cheryl S Mcmurray Kaynard Secretary | OfficerTrustee | 1 | $0 |
Christopher Brown Board | Trustee | 1 | $0 |
Robert J Deutsch Board | Trustee | 1 | $0 |
John F Cecil Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,959 |
| 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 | $40,964 |
| Total Program Service Revenue | $225,638 |
| Investment income | $284 |
| 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 | $266,886 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,815 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,644 |
| Payroll taxes | $14,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,503 |
| Advertising and promotion | $679 |
| Office expenses | $3,907 |
| Information technology | $1,221 |
| Royalties | $0 |
| Occupancy | $13,064 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,123 |
| Insurance | $1,328 |
| All other expenses | $0 |
| Total functional expenses | $267,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,887 |
| 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 | $35,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $137,262 |
| Other assets | $264 |
| Total assets | $201,660 |
| Accounts payable and accrued expenses | $1,370 |
| 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 | $85,437 |
| Total liabilities | $86,807 |
| Net assets without donor restrictions | $114,853 |
| 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 | $201,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Virginia Tech Applied Research Corporation Arlington, VA | $4,609,993 | $12,977,041 |
Education And Research Consortium Of Western North Carolina Asheville, NC | $24,894,045 | $7,143,878 |
Baptist Clinical Research Institute Inc Memphis, TN | $153,363 | $1,977,517 |
Bent Creek Institute Inc Asheville, NC | $201,660 | $266,886 |
International Technology Center Rtp, NC | $418,325 | $139,024 |
Region 2000 Research Institute Forest, VA | $0 | $7,587 |
Washington Center For Technology Policy Inclusion Fairfax, VA | $78,514 | $0 |
Technology Management Institute Inc Falls Church, VA | $117,586 | $156,751 |
Reimagine Science Annandale, VA | $8,850 | $0 |
Gender And Radiation Impact Project Inc Candler, NC | $20,604 | $0 |
Richard T Greener Institute For Social Policy Columbia, SC | $23,631 | $8,303 |