Bionexus Kc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Kansas City, MO
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 43-1889037
Organization Overview
Bionexus Kc is located in Kansas City, MO. The organization was established in 2019. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Bionexus Kc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bionexus Kc 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, Bionexus Kc generated $1.2m 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 (5.7%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bionexus Kc has awarded 46 individual grants totaling $4,216,983. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BIONEXUS KC IS USING LIFE SCIENCES INNOVATION AND COLLABORATION TO ADDRESS SOME OF THE BIGGEST CHALLENGERS, ENSURING A HEALTHIER AND MORE PROSPEROUS FUTURE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Ridenour President & CEO | OfficerTrustee | 40 | $229,315 |
Anthony A Simpson Managing Director, Kc Nexu | 20 | $146,030 | |
Daniel Kennedy Vice President | Officer | 40 | $115,273 |
William S Berkley Director (chair) | OfficerTrustee | 1 | $0 |
Jeff Hargroves Director (treasurer & Secretary) | OfficerTrustee | 1 | $0 |
Donald Craig Brater Director | Trustee | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,407 |
| Related organizations | $0 |
| Government grants | $116,729 |
| All other contributions, gifts, grants, and similar amounts not included above | $927,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,172,982 |
| Total Program Service Revenue | $120,756 |
| Investment income | $7,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$626 |
| Net Income from Fundraising Events | -$60,132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,249,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $149,999 |
| 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. | $393,297 |
| Compensation of current officers, directors, key employees. | $109,804 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,307 |
| Payroll taxes | $48,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,450 |
| Fees for services: Accounting | $19,577 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,394 |
| Advertising and promotion | $22,598 |
| Office expenses | $25,917 |
| Information technology | $15,985 |
| Royalties | $0 |
| Occupancy | $46,680 |
| Travel | $11,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,911 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,395,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,109,943 |
| 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 | $14,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,124,416 |
| 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 |
| Net assets without donor restrictions | $893,639 |
| Net assets with donor restrictions | $230,777 |
| 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 | $1,124,416 |
Grants Awarded
Over the last fiscal year, Bionexus Kc has awarded $149,999 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSOURI PURPOSE: BIONEXUS KC 20-1 PATTON TIMOTHY COX, PHD UMKC; BIONEXUS KC 20-4 NEXUS OF ANIMAL AND HUMAN HEALTH RESEARCH GRANT JOAN COATES; BIONEXUS KC 20-6 NEXUS OF ANIMAL AND HUMAN HEALTH RESEARCH GRANT EMMA MEYER | $50,000 |
CHILDREN'S MERCY HOSPITAL PURPOSE: BIONEXUS KC 22-5 PATTON SCOTT YOUNGER, PHD | $49,999 |
UNIVERSITY OF KANSAS CENTER FOR RESEARCH PURPOSE: BIONEXUS KC 20-4 PATTON TRUST RESEARCH GRANT, PAMELA TRAN,, PHD | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seg Foundation Tulsa, OK | $19,676,976 | $481,519 |
Bionexus Kc Kansas City, MO | $1,124,416 | $1,249,426 |
Cave Research Foundation Inc Cave City, KY | $1,470,084 | $241,650 |
Missouri Society Of Professional Educational Foundation Topeka, KS | $913,736 | $39,413 |
Pittsburg State University Research Foundation Pittsburg, KS | $12,214 | $0 |