Vaccine And Gene Therapy Institute Of Florida Corp
- Assets
- $217.5k
- Revenue
- $19.0
- Investments
- $0.0
- Employees
- 0
- Location
- Port St Lucie, FL
- Founding
- 04/2009
- Data as of
- 06/2018
- EIN
- 36-4631835
Organization Overview
Vaccine And Gene Therapy Institute Of Florida Corp, operating under the name Vgti Fl, is located in Port St Lucie, FL. The organization was established in 2009. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vgti FL 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 06/2018, Vgti FL generated $19.0 in total revenue. All expenses for the organization totaled $386.1k during the year ending 06/2018.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VACCINE AND GENE THERAPY INSTITUTE OF FLORIDA (VGTI-FL) IS TO "TRANSLATE RESEARCH INTO HEALTH" BY PROVIDING A BETTER UNDERSTANDING OF THE HUMAN IMMUNE RESPONSE TO PATHOGENS AND CANCERS AND THE PROCESS OF AGING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON FEBRUARY 2, 2016, THE CIRCUIT COURT OF THE NINETEENTH JUDICIAL CIRCUIT, IN AND FOR ST. LUCIE COUNTY, FLORIDA ENTERED THE ORDER APPOINTING MICHAEL E. IMBER AS RECEIVER FOR VACCINE AND GENE THERAPY INSTITUTE FLORIDA CORPORATION (VGTI). ON MARCH 31, 2017, VGTI (ACTING THROUGH THE RECEIVER), THE CITY OF PORT SAINT LUCIE, FLORIDA (THE "CITY"), AND UMB BANK, NATIONAL ASSOCIATION, AS INDENTURE TRUSTEE ENTERED INTO A TRANSFER AGREEMENT PURSUANT TO WHICH VGTI AGREED TO TRANSFER ITS ASSETS TO THE CITY SUBJECT TO CERTAIN TERMS AND CONDITIONS. THAT TRANSFER OCCURRED ON AUGUST 11, 2017.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kelly Board Member | Trustee | 1 | $0 |
Jay A Levy Board Member | Trustee | 1 | $0 |
Raymond F Schinazi Board Member | Trustee | 1 | $0 |
Richard Jove President, CEO & Director | OfficerTrustee | 50 | $397,653 |
Stephanie Landreville Director Of Finance | OfficerTrustee | 50 | $127,337 |
Jill Hacket Executive Director Of Hr & Admin | OfficerTrustee | 45 | $154,666 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alvarez & Marsal Management Services | 6/29/18 | $130,396 |
Bilzin Sumberg Llp Legal Services | 6/29/18 | $103,960 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $19 |
| 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 | $19 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $234,356 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,427 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,698 |
| 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 | $0 |
| Total functional expenses | $386,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,466 |
| Savings and temporary cash investments | $0 |
| 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 | $217,466 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $217,466 |