Wisconsin Corporation For Biomedical Research
- Assets
- $2.0m
- Revenue
- $360.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Milwaukee, WI
- Founding
- 01/2001
- Data as of
- 09/2021
- EIN
- 39-1979707
Organization Overview
Wisconsin Corporation For Biomedical Research is located in Milwaukee, WI. The organization was established in 2001. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 09/2021, Wisconsin Corporation For Biomedical Research employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Corporation For Biomedical Research 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 09/2021, Wisconsin Corporation For Biomedical Research generated $360.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $217.7k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 6 years. 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
TO FACILITATE THE RESEARCH AND EDUCATION MISSION OF THE DEPARTMENT OF VETERANS AFFAIRS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT EXPENSES OF RESEARCH AND EDUCATIONAL PROJECTS INCLUDING LAB SUPPLIES AND REIMBURSEMENTS TO AFFILIATE UNIVERSITY FOR SALARIES OF UNIVERSITY EMPLOYEES FOR PART-TIME SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel S Zomchek Board Chair | OfficerTrustee | 0.5 | $0 |
Waqar Malik Executive Director | Officer | 24 | $0 |
Jerome Van Ruiswyk Board Member | Trustee | 0.5 | $0 |
Michael Erdmann Board Member | Trustee | 0.5 | $0 |
Nathan Gundacker Board Member (from Jan 2021) | Trustee | 0.5 | $0 |
Ann Rosenthal Board Member | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $360,056 |
| Investment income | $254 |
| 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 | $360,343 |
| 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 | $114,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $865 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,082 |
| Advertising and promotion | $0 |
| Office expenses | $3,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141 |
| Insurance | $3,703 |
| All other expenses | $4,163 |
| Total functional expenses | $217,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,928 |
| Savings and temporary cash investments | $1,610,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,848 |
| 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 | $10 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,987,775 |
| Accounts payable and accrued expenses | $88,197 |
| 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 | $88,197 |
| Net assets without donor restrictions | $1,834,659 |
| Net assets with donor restrictions | $64,919 |
| 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 | $1,987,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Corporation For Biomedical Research has recieved totaling $23,629.
| Awarding Organization | Amount |
|---|---|
The Medical College Of Wisconsin Inc Milwaukee, WI PURPOSE: ADVANCE HEALTH WI | $23,629 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Van Andel Research Institute Grand Rapids, MI | $289,629,145 | $88,891,678 |
Stowers Institute For Medical Research Kansas City, MO | $238,524,295 | $116,367,619 |
Stanley Manne Childrens Research Institute Chicago, IL | $169,123,650 | $39,027,696 |
Hennepin Healthcare Research Institute Minneapolis, MN | $65,628,312 | $47,615,744 |
Alliance For Clinical Trials In Oncology Foundation Chicago, IL | $119,602,728 | $39,942,446 |
Trilogy Inc Chicago, IL | $15,390,124 | $38,855,480 |
Family Institute Evanston, IL | $24,399,945 | $35,971,873 |
Hektoen Institute For Medical Research Chicago, IL | $65,726,936 | $31,693,206 |
Barbara Ann Karmanos Cancer Institute Detroit, MI | $178,546,301 | $20,601,972 |
Fraunhofer Usa Inc Plymouth, MI | $31,958,834 | $20,911,766 |
The Health Collaborative Cincinnati, OH | $10,957,986 | $22,262,752 |
Arbor Research Collaborative For Health Ann Arbor, MI | $23,346,603 | $18,357,581 |