Wisconsin Corporation For Biomedical Research
- Assets
- $2.2m
- Revenue
- $437.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Milwaukee, WI
- Founding
- 01/2001
- Data as of
- 09/2023
- 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 09/2023, Wisconsin Corporation For Biomedical Research employed 8 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 09/2023, Wisconsin Corporation For Biomedical Research generated $437.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $300.6k during the year ending 09/2023. 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Erdmann Board Member | Trustee | 0.5 | $0 |
Nathan Gundacker Board Member | Trustee | 0.5 | $0 |
Ann Rosenthal Board Member | Trustee | 0.5 | $0 |
Daniel Zomchek Board Chair | OfficerTrustee | 0.5 | $0 |
Waqar Malik Executive Director | OfficerTrustee | 24 | $0 |
Gretchen Davies 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 | $403,553 |
| Investment income | $33,603 |
| 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 | $437,156 |
| 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 | $107,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,691 |
| Advertising and promotion | $0 |
| Office expenses | $1,772 |
| Information technology | $925 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,740 |
| 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 | $4,963 |
| All other expenses | $0 |
| Total functional expenses | $300,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,620 |
| Savings and temporary cash investments | $1,681,653 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $112,405 |
| 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 | $1,268 |
| Net Land, buildings, and equipment | $3,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,185,288 |
| Accounts payable and accrued expenses | $41,340 |
| 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 | $41,340 |
| Net assets without donor restrictions | $2,086,921 |
| Net assets with donor restrictions | $57,027 |
| 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 | $2,185,288 |