Indiana Biosciences Research Institute Inc

Organization Overview

Indiana Biosciences Research Institute Inc is located in Indianapolis, IN. The organization was established in 2014. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Indiana Biosciences Research Institute Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Biosciences Research Institute Inc 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 12/2023, Indiana Biosciences Research Institute Inc generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $15.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE IBRI IS AN INDEPENDENT LIFE SCIENCES RESEARCH INSTITUTE FOCUSED ON ADDRESSING MAJOR UNDERSERVED AREAS OF PUBLIC HEALTH INCLUDING DIABETES, PEDIATRIC RARE DISEASES, AND ALZHEIMER'S DISEASE. THE IBRI FACILITATES THE GROWTH OF THE BIOMEDICAL COMMUNITY BY ATTRACTING TALENT AND INDUSTRY TO THE STATE AND AIDES IN THE COMMERCIALIZATION OF TECHNOLOGIES TO FOSTER FURTHER ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDED IN 2013, THE INDIANA BIOSCIENCES RESEARCH INSTITUTE'S (IBRI) SCIENTIFIC RESEARCH FOCUSES ON DISCOVERING INNOVATIVE SOLUTIONS FOR UNDERSERVED DISEASES, INCLUDING DIABETES, PEDIATRIC RARE DISEASES AND ALZHEIMER'S DISEASE.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President & CEO
$490,544
Name Not Listed
Executive Chair
$0
Name Not Listed
Treasurer
$0
Name Not Listed
Director
$0
Name Not Listed
Director
$0
Name Not Listed
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Browning Investments Llc
Tenant Improvements
$202,259
Strategic Investment Group
Investment Services
$341,059
Tbh Creative
Marketing Services
$252,557
Medex Staffing
Staffing Services
$123,150
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $698,819
All other contributions, gifts, grants, and similar amounts not included above$1,781,937
Noncash contributions included in lines 1a–1f $162,895
Total Revenue from Contributions, Gifts, Grants & Similar$2,480,756
Total Program Service Revenue$1,280,924
Investment income $1,112,738
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$25,267
Net Gain/Loss on Asset Sales -$417,802
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,463,852

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