The Foundation For Embryonic Competence Inc
- Assets
- $14.8m
- Revenue
- -$3.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Basking Ridge, NJ
- Founding
- 01/2015
- Data as of
- 09/2023
- EIN
- 46-3032063
Organization Overview
The Foundation For Embryonic Competence Inc is located in Basking Ridge, NJ. The organization was established in 2015. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. As of 09/2023, Foundation For Embryonic Competence Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Embryonic Competence Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Foundation For Embryonic Competence Inc has awarded 36 individual grants totaling $3,987,427. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION FOR EMBRYONIC COMPETENCE, INC., FORMERLY KNOWN AS " THE FOUNDATION FOR THE ASSESSMENT AND ENHANCEMENT OF EMBRYONIC COMPETENCE, INC." (FOUNDATION) IS A NEW JERSEY NON-PROFIT CORPORATION, INCORPORATED IN 2013. THE FOUNDATION'S ACTIVITIES ARE CONDUCTED AT ITS SOLE LOCATION, 140 ALLEN ROAD IN BASKING RIDGE, NEW JERSEY. THE MISSION OF THE FOUNDATION IS ADVANCING KNOWLEDGE AND ENHANCING OUTCOMES IN EMBRYONIC RESEARCH, DIAGNOSIS, AND EDUCATION.
Describe the Organization's Program Activity:
ENHANCED EMBRYO DIAGNOSTIC TESTING SERVICES; SPONSORED AND ISSUED GRANTS FOR RESEARCH INTO NEW DIAGNOSTICS AND NEW TECHNOLOGIES; PROVIDE CONTINUING MEDICAL EDUCATION AND GRADUATE FELLOWSHIP EDUCATION RELATED TO MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yiping Zhan Bioinformatics | Trustee | 40 | $0 |
David Sharpell Contorller | Trustee | 30 | $0 |
Xin Tao Research | Trustee | 40 | $0 |
William Chow Treasurer | OfficerTrustee | 1 | $0 |
Lyn Jacobson Secretary | OfficerTrustee | 1 | $0 |
Chaim Jalas President & COO | OfficerTrustee | 40 | $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 | $0 |
| Investment income | $183,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,434,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$3,532,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $155,102 |
| Grants and other assistance to domestic individuals. | $102,408 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $297,132 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,263 |
| Payroll taxes | $53,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,722 |
| Fees for services: Accounting | $30,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,830 |
| Advertising and promotion | $29,265 |
| Office expenses | $28 |
| Information technology | $23,229 |
| Royalties | $0 |
| Occupancy | $42,309 |
| Travel | $5,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,355 |
| Insurance | $0 |
| All other expenses | $9,459 |
| Total functional expenses | $1,387,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,923,592 |
| Savings and temporary cash investments | $0 |
| 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 | $74,442 |
| Net Land, buildings, and equipment | $51,879 |
| Investments—publicly traded securities | $3,202,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,500,000 |
| Total assets | $14,752,429 |
| Accounts payable and accrued expenses | $146,070 |
| 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 | $19,376 |
| Total liabilities | $165,446 |
| Net assets without donor restrictions | $14,586,983 |
| Net assets with donor restrictions | $0 |
| 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 | $14,752,429 |
Grants Awarded
Over the last fiscal year, The Foundation For Embryonic Competence Inc has awarded $155,102 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH CAROLINA PURPOSE: THE ROLE OF PLATELET-ACTIVATING FACTOR ON EARLY EMBRYONIC DEVELOPMENT:EXPLORING APOPTOTIC REGULATION | $30,102 |
YALE UNIVERSITY PURPOSE: FOR PROJECT ENTITLED "INVESTIGATION OF THE ROLE OF MITOCHONDRIAL DYNAMICS IN FEMALE REPRODUCTION"GENETICS EDUCATION | $125,000 |