North Carolina Association For Biomedical Research
- Assets
- $695.0k
- Revenue
- $534.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Raleigh, NC
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 56-1683704
Organization Overview
North Carolina Association For Biomedical Research is located in Raleigh, NC. The organization was established in 1990. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 06/2022, North Carolina Association For Biomedical Research employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Association For Biomedical Research 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 06/2022, North Carolina Association For Biomedical Research generated $534.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $457.4k during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT FOR AND TO PROMOTE PUBLIC UNDERSTANDING OF BIOSCIENCE RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC INFORMATION/EDUCATION - PROVIDE SUPPORT FOR AND PROMOTE PUBLIC UNDERSTANDING OF BIOSCIENCE RESEARCH. PROGRAMS INCLUDE TEACHER WORKSHOPS AND CONFERENCES, AND PROGRAMS FOR THE BIOSCIENCE RESEARCH COMMUNITY.
MEMBERSHIP SERVICES - PROVIDES MEMBERS WITH OBJECTIVE, TIMELY AND AUTHORITATIVE ADVICE THROUGHOUT THE BIOSCIENCES RESEARCH COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Wilkison President | Officer | 40 | $105,142 |
Colleen Bennett Secretary | OfficerTrustee | 1 | $0 |
Dr Craig Fletcher Chair | OfficerTrustee | 1 | $0 |
Dr Tonya R Hargett Treasurer | OfficerTrustee | 1 | $0 |
Dr Dorcas O'rourke Vice Chair | OfficerTrustee | 1 | $0 |
Dr Cecile L Baccanale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,536 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,873 |
| Total Program Service Revenue | $149,525 |
| Investment income | $30 |
| 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 | $534,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,383 |
| Grants and other assistance to domestic individuals. | $29,240 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,117 |
| Compensation of current officers, directors, key employees. | $5,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,994 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,342 |
| Advertising and promotion | $0 |
| Office expenses | $10,998 |
| Information technology | $14,004 |
| Royalties | $0 |
| Occupancy | $39,767 |
| Travel | $820 |
| 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 | $1,407 |
| Insurance | $3,597 |
| All other expenses | $3,049 |
| Total functional expenses | $457,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,846 |
| Savings and temporary cash investments | $237,156 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,773 |
| 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 | $2,418 |
| Net Land, buildings, and equipment | $5,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,762 |
| Total assets | $695,000 |
| Accounts payable and accrued expenses | $23,119 |
| Grants payable | $0 |
| Deferred revenue | $28,202 |
| 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 | $508 |
| Total liabilities | $51,829 |
| Net assets without donor restrictions | $572,887 |
| Net assets with donor restrictions | $70,284 |
| 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 | $695,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Association For Biomedical Research has recieved totaling $7,003.
| Awarding Organization | Amount |
|---|---|
North Carolina Biotechnology Center Research Triangle Park, NC PURPOSE: RESEARCH | $7,003 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Genomics And Bioinformatics Research Institute Fairfax, VA | $41,758,166 | $3,961,424 |
Emtech Inc Atlanta, GA | $29,330,405 | $2,880,833 |
Health Research Alliance Inc Research Triangle Park, NC | $1,337,477 | $512,240 |
The Ruth K Broad Biomedical Research Foundation Inc Durham, NC | $19,461,345 | $586,039 |
North Carolina Association For Biomedical Research Raleigh, NC | $695,000 | $534,428 |
Open Humans Foundation Sanford, NC | $245,591 | $0 |
Augusta Biomedical Research Corporation Augusta, GA | $374,758 | $102,169 |
Technology Accelerator Company Charleston, SC | $1,235,536 | $382,447 |