Edison Biotechnology Center Inc
- Assets
- $546.3k
- Revenue
- $452.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 34-1577705
Organization Overview
Edison Biotechnology Center Inc, operating under the name Bioohio Inc, is located in Columbus, OH. The organization was established in 1992. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bioohio 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 12/2023, Bioohio Inc generated $452.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $852.0k during the year ending 12/2023. 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 MISSION OF OHIO LIFE SCIENCES FOUNDATION IS TO ACCELERATE BIOSCIENCE DISCOVERY, INNOVATION AND COMMERCIALIZATION OF GLOBAL VALUE, DRIVING ECONOMIC GROWTH, COMPANY ATTRACTION, IMPROVING WORKFORCE TRAINING AND IMPROVED QUALITY OF LIFE IN OHIO
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP FOR BIOSCIENCE COMMUNITY AND EDUCATION/DEVELOPMENTOHIO LIFE SCIENCES FOUNDATION REPRESENTS MEMBERSHIP THROUGH VARIOUS BIOSCIENCE COMMUNITY EVENTS, AND EDUCATION AND TRAINING EVENTS. THEY INCLUDE: AN ANNUAL CONFERENCE, WHICH BRINGS TOGETHER BIOMEDICAL COMPANY REPRESENTATIVES, ENTREPRENEURS, INVESTORS, SUPPLIERS, SERVICE PROVIDERS AND LOCAL AND STATE GOVERNMENT OFFICIALS FOR EDUCATION AND NETWORKING TO ENHANCE ECONOMIC DEVELOPMENT OPPORTUNITIES; ANNUAL PRESENCE AT INDUSTRY MEETINGS SUCH AS THE BIO CONVENTION (BIOTECH, PHARMA, DIAGNOSTICS, MEDICAL DEVICES AND AG-BIO), THE ADVAMED CONVENTION AND ANNUAL CONFERENCE (MEDICAL DEVICE AND DIAGNOSTICS) WHERE THE LATEST INDUSTRY TOPICS ARE DISCUSSED AND MEETINGS OCCUR WITH INDUSTRY FOR POSSIBLE ECONOMIC DEVELOPMENT OPPORTUNITIES FOR OHIO; REGULATORY FORUM ON CURRENT FDA ISSUES THAT ARE APPROPRIATE FOR THE BIOSCIENCE INDUSTRY; STATEWIDE SUPPLIER EXPO, A CEO UNPLUGGED SERIES; REGIONAL CAREER FAIRS TO MATCH TALENT WITH GROWING OHIO BIOSCIENCE COMPANIES; SPRING/SUMMER NETWORKING SOCIALS IN CLEVELAND, COLUMBUS AND CINCINNATI; AND SEVERAL EDUCATIONAL WEBINARS. THROUGH ITS STATEWIDE MEMBERSHIP, RELATIONS WITH THE EDUCATIONAL AND RESEARCH COMMUNITY, THE STATE OF OHIO GOVERNMENT AND ITS PROFESSIONAL NETWORK, OHIO LIFE SCIENCES FOUNDATION ENCOURAGES AND FOSTERS PARTNERSHIPS BETWEEN COMPANIES, RESEARCH INSTITUTIONS, PROFESSIONAL SERVICE PROVIDERS AND OTHER INTERMEDIARIES TO HELP IMPROVE THE ECONOMIC CLIMATE IN THE STATE OF OHIO AND TO IMPROVE THE PUBLIC HEALTH. MEMBERSHIP:
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Pauline President & CEO | OfficerTrustee | 60 | $338,481 |
Stacy Strauss Board Chair | OfficerTrustee | 2 | $0 |
Eli Phillips Jr Vice Chair | OfficerTrustee | 1 | $0 |
Linda Martens Secretary | OfficerTrustee | 1 | $0 |
Stephanie Harrington Treasurer | OfficerTrustee | 1 | $0 |
Mike Triplett Ex-Officio Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,748 |
| Government grants | $434,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,090 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $452,441 |
| 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. | $340,907 |
| Compensation of current officers, directors, key employees. | $36,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $251,627 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,411 |
| Advertising and promotion | $68,314 |
| Office expenses | $30,582 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,279 |
| Travel | $15,962 |
| 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 | $83 |
| Insurance | $0 |
| All other expenses | $15,798 |
| Total functional expenses | $851,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,734 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $434,092 |
| Accounts receivable, net | $56,432 |
| 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 | $501 |
| Net Land, buildings, and equipment | $577 |
| Investments—publicly traded securities | $3 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $546,339 |
| Accounts payable and accrued expenses | $483,154 |
| 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 | $483,154 |
| Net assets without donor restrictions | $63,185 |
| 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 | $546,339 |