American Institute Of Biological Sciences Inc
- Assets
- $2.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Herndon, VA
- Founding
- 12/1958
- Data as of
- 12/2023
- EIN
- 53-0220853
Organization Overview
American Institute Of Biological Sciences Inc is located in Herndon, VA. The organization was established in 1958. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, American Institute Of Biological Sciences Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Institute Of Biological Sciences 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, American Institute Of Biological Sciences Inc generated $2.8m 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 (4.5%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCIENTIFIC PEER ADVISORY AND REVIEW SERVICES ("SPARS") DIVISION OF THE AMERICAN INSTITUTE OF BIOLOGICAL SCIENCES ("AIBS") WORKS TO PROVIDE SCIENTIFIC FUNDING ORGANIZATIONS WITH INDEPENDENT, HIGHLY CREDIBLE, EXPERT PEER REVIEW SERVICES FOR EVALUATING PROPOSED RESEARCH AND ASSESSING ONGOING OR COMPLETED RESEARCH TO ENABLE THE MOST MERITORIOUS SCIENCE. AIBS NOW HAS OVER 50 YEARS OF EXPERIENCE PARTNERING WITH A DIVERSE GROUP OF FUNDING ORGANIZATIONS. THE FUNDING ORGANIZATIONS CONSIST OF PRIVATE FOUNDATIONS, GOVERNMENT ENTITIES, ACADEMIC INSTITUTIONS AND NON-PROFIT ORGANIZATIONS WHICH SUPPORT A WIDE RANGE OF MISSIONS. AIBS FACILITATES ALL FORMS OF EXPERT PEER REVIEW. THE 501(C)(3) TAX EXEMPT STATUS OF AIBS PROVIDES CLIENTS AND THE GENERAL PUBLIC WITH EXTERNAL, INDEPENDENT AND INFORMED PEER REVIEWED SCIENTIFIC RESEARCH/FINDINGS.
PUBLICATIONS AND COMMUNICATIONS: AIBS HAS OWNED AND PUBLISHED THE SCIENTIFIC JOURNAL, BIOSCIENCE, SINCE 1963. BIOSCIENCE PUBLISHES 12 ISSUES (ABOUT 1,150 TOTAL PAGES) PER YEAR AS A PRINT AND ONLINE SUBSCRIPTION PRODUCT THAT IS SOLD TO OVER 3,000 INSTITUTIONS (INCLUDING LIBRARIES) AND A FEW HUNDRED INDIVIDUAL SCIENTISTS, TEACHERS AND STUDENTS IN THE UNITED STATES AND INTERNATIONALLY. THE JOURNAL'S CONTENT INCLUDES PEER-REVIEWED, SCHOLARLY ARTICLES AS WELL AS NON-TECHNICAL CONTENT WRITTEN BY PROFESSIONAL SCIENCE WRITERS FOR GENERAL AUDIENCES, EDITORIALS AND NEW ITEMS IN THE JOURNAL TO STIMULATE CONVERSATIONS WITHIN THE SCIENTIFIC COMMUNITY. ALL OF THE ELEMENTS OF THE JOURNAL CONTRIBUTE DIRECTLY TO THE ORGANIZATION'S GOAL OF INFORMING DECISION-MAKING FOR THE ADVANCEMENT OF BIOLOGICAL RESEARCH AND EDUCATION.
COMMUNITY PROGRAMS: THE AIBS COMMUNITY PROGRAMS DIVISION IS HOME TO AIBS'S MEMBERSHIP SERVICES, SCIENCE POLICY AND COMMUNICATIONS PROGRAMS. THE LEADERSHIP IN BIOLOGY INITIATIVES, SCIENTIFIC PROGRAMS AND WORKSHOPS, AS WELL AS EDUCATION EFFORTS, UNITING THESE AND CONNECTING THE DIVISION TO OTHER AIBS PROGRAMMATIC AREAS WITH THE COMMON GOAL OF SUPPORTING INFORMED DECISION-MAKING THAT ADVANCES BIOLOGY FOR THE BENEFIT OF SCIENCE AND SOCIETY. AIBS PROVIDES EDUCATIONAL TRAINING PROGRAMS TO SCIENTISTS THAT ENHANCE THEIR PROFESSIONAL SKILLS AND OPPORTUNITIES, AS WELL AS IMPROVE THEIR ABILITY TO ENGAGE AND INFORM DIVERSE AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Skog President | OfficerTrustee | 1 | $0 |
Eric S Nagy Vice President | OfficerTrustee | 1 | $0 |
Pamela Soltis Secretary | OfficerTrustee | 1 | $0 |
Betsy Myers Treasurer | OfficerTrustee | 1 | $0 |
Gabriela Chavarria Board Member | Trustee | 1 | $0 |
Todd Crowl Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burk & Associates Inc Management Services | 12/30/16 | $341,789 |
Sandra Vitale Accounting Services | 12/30/16 | $102,448 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $454,804 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,525 |
| Total Program Service Revenue | $2,304,387 |
| Investment income | $38,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,106 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,824,441 |
| 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. | $283,751 |
| Compensation of current officers, directors, key employees. | $248,566 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,191,755 |
| Pension plan accruals and contributions | $70,571 |
| Other employee benefits | $384,226 |
| Payroll taxes | $122,416 |
| Fees for services: Management | $393,439 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,821 |
| Fees for services: Other | $159,043 |
| Advertising and promotion | $0 |
| Office expenses | $9,051 |
| Information technology | $32,664 |
| Royalties | $0 |
| Occupancy | $18,027 |
| Travel | $23,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,654 |
| Insurance | $23,708 |
| All other expenses | $2,902 |
| Total functional expenses | $3,136,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,753 |
| Savings and temporary cash investments | $709,351 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $412,255 |
| 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 | $24,884 |
| Net Land, buildings, and equipment | $18,809 |
| Investments—publicly traded securities | $765,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,304,944 |
| Accounts payable and accrued expenses | $250,738 |
| Grants payable | $0 |
| Deferred revenue | $299,558 |
| 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 | $146,674 |
| Other liabilities | $0 |
| Total liabilities | $696,970 |
| Net assets without donor restrictions | $1,607,974 |
| 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 | $2,304,944 |