Biophysical Society
- Assets
- $20.4m
- Revenue
- $4.9m
- Investments
- $1.3m
- Employees
- 19
- Location
- Rockville, MD
- Founding
- 11/1961
- Data as of
- 12/2023
- EIN
- 52-6050847
Organization Overview
Biophysical Society, operating under the name Bps, is located in Rockville, MD. The organization was established in 1961. According to its NTEE Classification (G92) the organization is classified as: Biomedicine & Bioengineering, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2023, Bps employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bps 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, Bps generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD AN INNOVATIVE GLOBAL COMMUNITY WORKING AT THE INTERFACE OF THE PHYSICAL AND LIFE SCIENCES, ACROSS ALL LEVELS OF COMPLEXITY. ALSO, TO HARNESS THE FULL POTENTIAL OF BIOPHYSICS TO SEEK KNOWLEDGE, IMPROVE THE HUMAN CONDITION, AND PRESERVE THE PLANET FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
MEETINGS - BPS' MEETINGS FACILITATES THE SHARING OF INFORMATION AND RESEARCH IN THE BIOPHYSICAL SCIENCES.
OTHER PROGRAM SERVICES: MEMBERSHIP DUES, SUBGROUP REVENUE AND MISCELLANEOUS REVENUE
PUBLICATIONS - THE BIOPHYSICAL JOURNAL IS A SEMIMONTHLY PUBLICATION OF BPS. IT INCLUDES ORIGINAL ARTICLES AND REVIEWS ON MOLECULAR, CELLULAR, AND SYSTEMS BIOPHYSICS, INCLUDING EXPERIMENTAL STUDIES WITH A THEORETICAL OR MECHANISTIC FOCUS, OR RESEARCH DESCRIBING SIGNIFICANT METHODOLOGICAL OR TECHNOLOGICAL ADVANCES. AREAS COVERED INCLUDE: CELL BIOPHYSICS, CHANNELS/TRANSPORTERS/RECEPTORS, GENOME BIOPHYSICS AND NUCLEIC ACIDS, MEMBRANES, MOLECULAR MACHINES/MOTORS/NANOSCALE BIOPHYSICS, AND PROTEINS. THE BIOPHYSICIST AIMS TO HIGHLIGHT AND NURTURE EDUCATION, AND ITS SCHOLARSHIP AND DEVELOPMENT. THE OPEN ACCESS JOURNAL SERVES A WORLDWIDE AUDIENCE TO MAKE FUNDAMENTAL CONCEPTS AND TECHNIQUES IN BIOPHYSICS (AND RELATED DISCIPLINES), AS WELL AS EVIDENCE-BASED PEDAGOGICAL PRACTICE ACCESSIBLE TO INDIVIDUALS AT ALL LEVELS: UNDERGRADUATE, GRADUATE AND POST-GRADUATE STUDENTS/TRAINEES, ACTIVE RESEARCHERS, AND SCHOLARS OF BIOPHYSICS TEACHING AND LEARNING. BIOPHYSICAL REPORTS IS A HIGH-QUALITY, FORWARD-LOOKING GOLD OPEN ACCESS (OA) PUBLISHING OPTION FOR THE RESEARCH COMMUNITY. WE HELP YOU ADVANCE BIOPHYSICS BY MAKING IT EASIER FOR SPECIALISTS AND GENERALISTS TO SHARE NEW INSIGHTS INTO EXPERIMENTAL DATA OR NEW TECHNOLOGIES AND METHODOLOGIES. AT BIOPHYSICAL REPORTS, OPEN MEANS RIGOROUS, ACCESSIBLE, CONCISE, AND FAST.
PUBLIC AFFAIRS - THE BIOPHYSICAL SOCIETY INVESTS IN PUBLIC POLICY EFFORTS ON BEHALF OF ITS MEMBERS AND THE SCIENCE OF BIOPHYSICS. THROUGH ITS PUBLIC AFFAIRS COMMITTEE, IT KEEPS SOCIETY MEMBERS CURRENT ON RELEVANT LEGISLATION AND SCIENCE POLICY ISSUES. THE SOCIETY HAS TAKEN THE INITIATIVE IN ADVOCATING FOR INCREASED FUNDING AT THE INTERFACE BETWEEN THE LIFE SCIENCES AND PHYSICAL SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taekjip Ha President | OfficerTrustee | 1 | $0 |
Gabriela Popescu President-Elect | OfficerTrustee | 1 | $0 |
Teresa Giraldez Secretary | OfficerTrustee | 1 | $0 |
Samantha Harris Treasurer | OfficerTrustee | 1 | $0 |
Gail Robertson Past President | OfficerTrustee | 1 | $0 |
Erin Dueber Council Member (thru 2/23) | Trustee | 1 | $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 | $188,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,450 |
| Total Program Service Revenue | $4,415,758 |
| Investment income | $360,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,470 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$185,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,936 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,861,761 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $244,111 |
| Grants and other assistance to Foreign Orgs/Individuals | $41,010 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $376,514 |
| Compensation of current officers, directors, key employees. | $248,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,556,871 |
| Pension plan accruals and contributions | $146,683 |
| Other employee benefits | $189,211 |
| Payroll taxes | $132,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,373 |
| Fees for services: Accounting | $45,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $153,910 |
| Fees for services: Other | $178,852 |
| Advertising and promotion | $21,933 |
| Office expenses | $202,847 |
| Information technology | $207,768 |
| Royalties | $0 |
| Occupancy | $193,867 |
| Travel | $518,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $960,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,703 |
| Insurance | $19,548 |
| All other expenses | $0 |
| Total functional expenses | $5,415,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,328,847 |
| Savings and temporary cash investments | $799,484 |
| 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 | $293,281 |
| Net Land, buildings, and equipment | $16,843 |
| Investments—publicly traded securities | $15,959,368 |
| Investments—other securities | $1,295,605 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $748,430 |
| Total assets | $20,441,858 |
| Accounts payable and accrued expenses | $330,473 |
| Grants payable | $0 |
| Deferred revenue | $2,112,330 |
| 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 | $881,039 |
| Total liabilities | $3,323,842 |
| Net assets without donor restrictions | $16,596,296 |
| Net assets with donor restrictions | $521,720 |
| 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 | $20,441,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Biophysical Society Rockville, MD | $20,441,858 | $4,861,761 |
Biomedical Engineering Society Landover, MD | $5,517,133 | $3,582,789 |
Council For Biotechnology Information Washington, DC | $0 | $2,024,655 |
American Institute For Medical And Bioligical Engineering Washington, DC | $4,010,038 | $1,034,677 |
Arm Foundation For Regenerative Medicine Education & Research Baltimore, MD | $154,131 | $0 |
Virginia Biomedical Association Locust Grove, VA | $25,736 | $0 |
Schmincke Research Alliance Inc Towson, MD | $604,359 | $0 |