Marine Bio-Technologies Center Of Innovation (mbcoi)
- Assets
- $231.7k
- Revenue
- $481.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Wilmington, NC
- Founding
- Data as of
- 06/2017
- EIN
- 45-5491911
Organization Overview
Marine Bio-Technologies Center Of Innovation (mbcoi) is located in Wilmington, NC. As of 06/2017, Marine Bio-Technologies Center Of Innovation (mbcoi) employed 3 individuals. Marine Bio-Technologies Center Of Innovation (mbcoi) 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 06/2017, Marine Bio-Technologies Center Of Innovation (mbcoi) generated $481.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $430.7k during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE COLLABORATION ON EMERGING MARINE BIOTECHNOLOGIES BETWEEN AND AMONG UNIVERSITIES, SCIENTIFIC RESEARCHERS, INDUSTRY, AND FUNDING ORGANIZATIONS TO COMMERCIALIZE NEW SCIENTIFIC DISCOVERIES FOR THE ECONOMIC BENEFIT OF THE STATE OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION INITIALLY FUNDED BY APPROPRIATIONS FROM THE NORTH CAROLINA GENERAL ASSEMBLY, IS ESTABLISHED TO ASSIST THE STATE GOVERNMENT OF NORTH CAROLINA IN THE EXPANSION OF THE STATE'S LONG-STANDING LIFE SCIENCES INITIATIVE BY WORKING WITH PUBLIC AND PRIVATE UNIVERSITIES AND OTHER SCIENTIFIC RESEARCH INSTITUTIONS AND OTHER PRIVATE ORGANIZATIONS TO HELP FOCUS NORTH CAROLINA-BASED SCIENTIFIC RESEARCH IN PROMISING MARINE BIO- TECHNOLOGIES AND TO ENCOURAGE AND FACILITATE THE COMMERCIAL APPLICATION OF SUCH TECHNOLOGIES IN WAYS THAT WILL SUSTAIN AND DIVERSIFY THE STATE'S ECONOMY IN THE FUTURE AND PROVIDE PRODUCTIVE EMPLOYMENT, PARTICULARLY IN THE DISTRESSED COASTAL AREA OF EASTERN NORTH CAROLINA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah A Mosca PHD Chairman & C | OfficerTrustee | 20 | $112,813 |
E Eric Mills ESQ Treasurer/se | OfficerTrustee | 1 | $0 |
Barry Buzogany Director | Trustee | 1 | $0 |
Joseph Holmes Ms MBA Director | Trustee | 1 | $0 |
Ann M Borden Pg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $268,041 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,716 |
| Total Program Service Revenue | $142,522 |
| Investment income | $46 |
| 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 | $481,284 |
| 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. | $121,238 |
| Compensation of current officers, directors, key employees. | $24,248 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,102 |
| Payroll taxes | $16,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,000 |
| Advertising and promotion | $7,021 |
| Office expenses | $1,716 |
| Information technology | $2,355 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,365 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,801 |
| All other expenses | $0 |
| Total functional expenses | $430,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,049 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,705 |
| 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 | $949 |
| 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 | $231,703 |
| Accounts payable and accrued expenses | $11,633 |
| 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 | $11,633 |
| Unrestricted restricted net Assets | $220,070 |
| 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 | $220,070 |