Bionexus Kc
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Kansas City, MO
- Founding
- 02/2019
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Bionexus Kc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bionexus Kc has awarded 41 individual grants totaling $3,901,647. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PROMOTE AND FOSTER DEVELOPMENT OF LIFE SCIENCES IN THE KANSAS CITY METROPOLITAN AREA AND TO PROVIDE A PLATFORM FOR DEVELOPMENT AND COOPERATION IN THE AREA OF LIFE SCIENCES IN THE KANSAS CITY METROPOLITAN AREA.
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 | $219,917 |
Anthony A Simpson Managing Director, Kc Nexus Fund | 20 | $146,030 | |
Keith A Gary Vice President | Officer | 40 | $133,151 |
William S Berkley Director (chair) | OfficerTrustee | 1 | $0 |
Jeff Hargroves Director (treas & Sec) | OfficerTrustee | 1 | $0 |
Donald Craig Brater Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $129,578 |
| Related organizations | $0 |
| Government grants | $81,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,291,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,502,179 |
| Total Program Service Revenue | $131,053 |
| Investment income | $137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$806 |
| Net Income from Fundraising Events | -$18,275 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,621,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $417,333 |
| 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. | $553,107 |
| Compensation of current officers, directors, key employees. | $127,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,576 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,041 |
| Payroll taxes | $45,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,730 |
| Fees for services: Accounting | $28,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,913 |
| Advertising and promotion | $22,666 |
| Office expenses | $4,791 |
| Information technology | $13,104 |
| Royalties | $0 |
| Occupancy | $46,784 |
| Travel | $3,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,000 |
| Insurance | $0 |
| All other expenses | $23,043 |
| Total functional expenses | $1,606,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,256,236 |
| 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 | $14,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,271,065 |
| 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 | $901,988 |
| Net assets with donor restrictions | $369,077 |
| 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 | $1,271,065 |
Grants Awarded
Over the last fiscal year, Bionexus Kc has awarded $417,333 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, KS PURPOSE: BIONEXUS KC 19-4 BLUE KC TRANSFORMING KC HEALTH RESEARCH GRANT | $192,862 |
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 | $99,471 |
Kansas City, MO PURPOSE: KCHC HE LAN | $50,000 |
Kansas City, MO PURPOSE: BIONEXUS KC 21-3 PATTON MATTHEW MCLAUGHLIN | $50,000 |
Kansas City, MO PURPOSE: BIONEXUS KC 21-4 ETHICAL AI PROJECT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bionexus Kc has recieved totaling $175,000.
| Awarding Organization | Amount |
|---|---|
Paul Patton Charitable Trust Trust Division Dallas, TX PURPOSE: ANTIDEPRESSANT STUDY | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seg Foundation Tulsa, OK | $27,222,426 | $2,585,485 |
Bionexus Kc Kansas City, MO | $1,271,065 | $1,621,548 |
Cave Research Foundation Inc Cave City, KY | $1,424,505 | $117,052 |
Missouri Society Of Professional Educational Foundation Topeka, KS | $912,011 | $76,854 |
Pittsburg State University Research Foundation Pittsburg, KS | $17,001 | $0 |