Regenerative Biologics Inc
- Assets
- $15.0m
- Revenue
- $13.2m
- Investments
- $3.0m
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 59-3280155
Organization Overview
Regenerative Biologics Inc is located in Gainesville, FL. The organization was established in 2003. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regenerative Biologics 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 12/2021, Regenerative Biologics Inc generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $10.5m during the year ending 12/2021. While expenses have increased by 15.3% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECOVERS HUMAN TISSUES AND PROVIDES THEM TO LEADING TISSUE PROCESSING COMPANIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Hopkins President & CEO | 40 | $1,687,649 | |
Sandy Mccann Director Of Operatio | 40 | $245,775 | |
William Cassarly Director | 40 | $146,443 | |
Faith Case Director Of Quality | 40 | $125,730 | |
Jack Bovay Trustee | 15 | $40,000 | |
Robert Lanzilotti Trustee | 15 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $487,500 |
| Interest on Savings | $125 |
| Dividends & Interest | $58,535 |
| Net Rental Income | $4,200 |
| Net Gain on Sale of Assets | $201,641 |
| Capital Gain Net Income | $201,641 |
| Net ST Capital Gain | $35,681 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,424,215 |
| Total Revenue | $13,176,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,687,649 |
| Other employee salaries and wages | $1,615,448 |
| Pension plans, employee benefits | $673,557 |
| Interest | $0 |
| Taxes | $226,392 |
| Depreciation | $44,307 |
| Occupancy | $432,380 |
| Travel, conferences, and meetings | $87,305 |
| Printing and publications | $0 |
| Other expenses | $5,448,428 |
| Total operating and administrative expenses | $10,471,823 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $10,471,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,771,605 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,441,853 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $4,342,722 |
| Prepaid expenses and deferred charges | $48,786 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $314,208 |
| Other assets | $19,979 |
| Total assets | $14,972,060 |
| Accounts payable and accrued expenses | $790,328 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $4,702,722 |
| Total liabilities | $5,493,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lions Eye Institute For Transplant And Research Inc Tampa, FL | $36,401,259 | $30,316,116 |
Advancing Sight Network Birmingham, AL | $16,847,283 | $13,312,394 |
Regenerative Biologics Inc Gainesville, FL | $14,972,060 | $13,176,216 |
Florida Tissue Services Inc Pensacola, FL | $58,206 | $2,320,063 |
Florida Lions Eye Bank Inc Miami, FL | $19,559,496 | $4,260,143 |
Georgia Extension 4-H Foundation Griffin, GA | $78,285 | $0 |
Leading Ladies Inc Miami, FL | $23,068 | $0 |