Bio Ventures For Global Health
- Assets
- $5.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Seattle, WA
- Founding
- 11/2003
- Data as of
- 12/2022
- EIN
- 30-0213137
Organization Overview
Bio Ventures For Global Health is located in Seattle, WA. The organization was established in 2003. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2022, Bio Ventures For Global Health employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bio Ventures For Global Health 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 12/2022, Bio Ventures For Global Health generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BVGH IS A RESULTS-ORIENTED NONPROFIT ORGANIZATION DEDICATED TO SOLVING GLOBAL HEALTH ISSUES BY FORMING CONNECTIONS BETWEEN PEOPLE, RESOURCES AND IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFRICAN ACCESS INITIATIVE (AAI) - THE AFRICAN ACCESS INITIATIVE (AAI) IS A PARTNERSHIP OF COMPANIES, GOVERNMENTS, HEALTHCARE PROVIDERS, AND NGOS FOCUSED ON SUSTAINABLY EXPANDING ACCESSTO CANCER MEDICINES AND TECHNOLOGIES, IMPROVING HEALTHCAREINFRASTRUCTURE, AND BUILDING CLINICAL AND R&D CAPACITY IN AFRICA.
OTHER PROGRAMS - BVGH ENGAGES IN VARIOUS ACTIVITIES AROUND CAPACITY BUILDING IN LOW AND MIDDLE INCOME COUNTRIES (LMICS). BVGH COORDINATES AND MANAGES THE PLACEMENT OF INDUSTRY AND ACADEMIC SCIENTISTS AT LMIC INSTITUTES, AS WELL AS LMIC RESEARCHERS AT COMPANIES AND UNIVERSITIES, FOR SCIENTIFIC FELLOWSHIPS AND SABBATICALS. IN ADDITION, BVGH MANAGES THE PLACEMENT OF GENTLY USED LABORATORY EQUIPMENT AT RESEARCH INSTITUTIONS IN LMICS TO ENHANCE IN-COUNTRY R&D AND PATIENT TREATMENT CAPABILITIES.
WIPO RE:SEARCH - WIPO RE:SEARCH IS A GLOBAL CONSORTIUM FOUNDED BY BVGH, THE WORLD INTELLECTUAL PROPERTY ORGANIZATION (WIPO) AND LEADING PHARMACEUTICAL COMPANIES. THE AIM OF THE CONSORTIUM IS TO ACCELERATE THE DEVELOPMENT OF NEW DRUGS, VACCINES, AND DIAGNOSTICS FOR NEGLECTED TROPICAL DISEASES (NTDS), MALARIA, AND TUBERCULOSIS THROUGH THE SHARING OF INTELLECTUAL PROPERTY (IP).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Greenwood Chair | OfficerTrustee | 2 | $0 |
Ruth Atherton Director | Trustee | 1 | $0 |
James Geraghty Director | Trustee | 2 | $0 |
John Nevergole Director | Trustee | 1 | $0 |
J Leighton Read MD Director | Trustee | 1 | $0 |
Joseph Damond Director | Trustee | 1 | $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 | $1,971,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,971,618 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| 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 | $1,971,687 |
| 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 | $58,320 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $646,645 |
| Compensation of current officers, directors, key employees. | $46,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $929,610 |
| Pension plan accruals and contributions | $24,847 |
| Other employee benefits | $102,778 |
| Payroll taxes | $114,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,754 |
| Fees for services: Accounting | $17,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,987 |
| Advertising and promotion | $0 |
| Office expenses | $4,169 |
| Information technology | $6,599 |
| Royalties | $0 |
| Occupancy | $105,595 |
| Travel | $7,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,266 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,082 |
| Insurance | $5,309 |
| All other expenses | $0 |
| Total functional expenses | $2,227,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,099,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,971,448 |
| Accounts receivable, net | $3,983 |
| 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 | $241 |
| Net Land, buildings, and equipment | $9,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,927 |
| Total assets | $5,354,552 |
| Accounts payable and accrued expenses | $198,106 |
| 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 | $282,492 |
| Total liabilities | $480,598 |
| Net assets without donor restrictions | $2,886,735 |
| Net assets with donor restrictions | $1,987,219 |
| 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 | $5,354,552 |