Biopontis Alliance Rare Disease Foundation Inc is located in Raleigh, NC. The organization was established in 2014. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. Biopontis Alliance Rare Disease Foundation 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 12/2019, Biopontis Alliance Rare Disease Foundation Inc generated $94.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $96.5k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (30.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE BIOPONTIS ALLIANCE RARE DISEASE FOUNDATION IS A NONPROFIT CORPORATION THAT BRINGS TOGETHER RARE DISEASE PATIENT ADVOCACY ORGANIZATIONS, ACADEMIC RESEARCH CENTERS, CONTRACT RESEARCH COMPANIES, AND THE BIOMEDICAL INDUSTRY TO TRANSLATE RESEARCH INTO POTENTIAL TREATMENTS BY FOCUSING ON THE EARLIEST STAGES OF PRODUCT DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3
ALLIANCES AND PARTNERSHIPS -- DURING 2019, THE BIOPONTIS ALLIANCE ORGANIZATION MAINLY WORKED ON THE REALIZATION OF THE PROMISE OF OUR FIRST STRATEGIC PARTNERSHIP, WHICH IS THE PROJECT WITH VIB (FLEMISH INSTITUTE FOR BIOTECHNOLOGY, BELGIUM) AND THE UNIVERSITY OF ANTWERP, BELGIUM ON A CLINICAL VARIANT OF THE PERIPHERAL NEUROPATHY CHARCOT-MARIE- TOOTH DISEASE. TOGETHER WITH OUR PARTNERS, WE HAVE WORKED ON THE IDENTIFICATION OF COMPOUNDS FROM A LARGE COMPOUND BANK, OWNED BY OUR PARTNERS, THROUGH ASSAY DEVELOPMENT AND HIGH-THROUGHPUT SCREENING TECHNIQUES. THAT WORK LED TO SEVERAL 'HITS', IN OTHER WORDS, SEVERAL COMPOUNDS THAT MAY, AFTER FURTHER VALIDATION AND OPTIMIZATION, POTENTIALLY BE USED FOR THE DEVELOPMENT OF A THERAPY. THIS POSITIVE DEVELOPMENT NOT ONLY VALIDATES THE OVERALL APPROACH TAKEN BY THE BIOPONTIS ALLIANCE, BUT ALSO PROVIDES A PROMISING PLATFORM FOR FURTHER WORK TOWARDS A POTENTIAL THERAPY FOR THE INDICATED RARE DISEASE. WE ALSO WORKED WITH OUR PARTNERS ON THE DEFINITION OF THE NEXT STEPS NEEDED TOWARDS THERAPY DEVELOPMENT.
ALLIANCES AND PARTNERSHIPS -- OVER 2019, THE BIOPONTIS ALLIANCE ORGANIZATION HAS MAINLY WORKED ON THE REALIZATION OF THE PROMISE OF OUR FIRST STRATEGIC PARTNERSHIP, WHICH IS THE PROJECT WITH VIB (FLEMISH INSTITUTE FOR BIOTECHNOLOGY, BELGIUM) AND THE UNIVERSITY OF ANTWERP, BELGIUM ON A CLINICAL VARIANT OF THE PERIPHERAL NEUROPATHY CHARCOT-MARIE- TOOTH DISEASE. TOGETHER WITH OUR PARTNERS, WE HAVE WORKED ON THE IDENTIFICATION OF COMPOUNDS FROM A LARGE COMPOUND BANK, OWNED BY OUR PARTNERS, THROUGH ASSAY DEVELOPMENT AND HIGH-THROUGHPUT SCREENING TECHNIQUES. THAT WORK LED TO SEVERAL 'HITS', IN OTHER WORDS, SEVERAL COMPOUNDS THAT MAY, AFTER FURTHER VALIDATION AND OPTIMIZATION, POTENTIALLY BE USED FOR THE DEVELOPMENT OF A THERAPY. THIS POSITIVE DEVELOPMENT NOT ONLY VALIDATES THE OVERALL APPROACH TAKEN BY THE BIOPONTIS ALLIANCE, BUT ALSO PROVIDES A PROMISING PLATFORM FOR FURTHER WORK TOWARDS A POTENTIAL THERAPY FOR THE INDICATED RARE DISEASE. WE ALSO WORKED WITH OUR PARTNERS ON THE DEFINITION OF THE NEXT STEPS NEEDED TOWARDS THERAPY DEVELOPMENT. IN ADDITION, WE HAVE WORKED ON FURTHERING OUR PROJECT WITH MASS GENERAL HOSPITAL IN BOSTON, MA, BUT UNFORTUNATELY, WE HAVE NOT BEEN ABLE TO FIND THE NECESSARY FUNDING TO CONTINUE THIS PROJECT. FURTHERMORE, WE HAVE WORKED ON THE DUE DILIGENCE OF SEVERAL PROMISING CANDIDATES FOR NEW PROJECTS WITH CANDIDATE PARTNERS IN THE USA AND IN EUROPE, INCLUDING FOR DISEASES SUCH AS ALTERNATING HEMIPLEGIA, AND ATAXIA'S. FINALLY, WE HAVE CONTINUED TO PROMOTE THE TOOLS WE HAVE DEVELOPED TO INTEGRATE PATIENTS' VOICES INTO THE DRUG DISCOVERY/DEVELOPMENT PROCESS FOR RARE DISEASES THROUGH ACTIVE PARTNERSHIP WITH OTHER RARE DISEASE NON-PROFIT ORGANIZATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Spencer PHD Vice-Chairpe | 5 | $0 | |
Erik Tambuyzer PHD Chairperson | 15 | $0 | |
Gilbert Chip Carnathan PHD Chief Scient | 10 | $0 | |
Susan R Kahn Director & T | 3 | $0 | |
Warren Strittmatter MD Director | 3 | $0 | |
Jean-Jacques Cassiman MD Director | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $91,383 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $342 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $91,725 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $94,725 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $59,200 |
Fees for services: Legal | $10,687 |
Fees for services: Accounting | $16,081 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $275 |
Information technology | $1,109 |
Royalties | $0 |
Occupancy | $0 |
Travel | $517 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $6,670 |
All other expenses | $230 |
Total functional expenses | $96,516 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,805 |
Savings and temporary cash investments | $820 |
Pledges and grants receivable | $10,937 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $19,562 |
Accounts payable and accrued expenses | $18,329 |
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 | $18,329 |
Net assets without donor restrictions | $1,233 |
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 | $19,562 |