Foundation For Applied Molecular Evolution Inc
- Assets
- $2.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Alachua, FL
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 59-3471957
Organization Overview
Foundation For Applied Molecular Evolution Inc is located in Alachua, FL. The organization was established in 2000. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Foundation For Applied Molecular Evolution Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Applied Molecular Evolution 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, Foundation For Applied Molecular Evolution Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES AN INNOVATIVE ENVIRONMENT TO HOST THE SCIENTIFIC AND TECHNOLOGICAL RESEARCH OF A SMALL GROUP OF SELECTED MOLECULAR AND LIFE SCIENTISTS TO MEET OPPORTUNITIES IN COMMERCE AND MEDICINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS CONDUCTED A NUMBER OF RESEARCH PROJECTS.1R01AI135146-01A1 BASIC RESEARCH TO DIAGNOSTICS AND SURBEILLANE IN LOWER RESOURCE ENVIRONMENTS. THE AIMS OF THIS PROJECT ARE TO EXPLORE AND DEVELOP FASTER AND LESS EXPENSIVE DIAGNOSTIC TOOLS AND TO INCREASE THE ROBUSTNESS OF MULTIPLEXED PATHOGEN DETECTION PRODUCTS. MCB-2123995 SYNTHETIC AND SYSTEMS BIOLOGY APPROACHES TO SEMI-SYNTHETICCELLS WITH EXPANDED DNA ALPHABETS. THIS PROJECT INVOLVED ENGINEERINGBACTERIAL STRAINS THAT ARE ABLE TO REPLICATE, EVOLVE AND USE OURARTIFICIALLY EXPANDED GENETIC INFORMATION SYSTEMS (AEGEIS) - CONTINUED ON SCHEDULE O1R01HG011669-01 ENSYMATIC SYNTHESIS OF RNA. THIS PROJECT WILL DELIVER AN ENZYME-ASSISTED RNA SYNTHESIS WITH QUALITY, LENGTH AND COST METRICS THAT WILL ENHANCE CURRENT MODELS 100-FOLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Benner Board Chair & CEO | OfficerTrustee | 30 | $180,000 |
Nigel Richards Director | Trustee | 1 | $1,000 |
Andrew Ellington Director | Trustee | 1 | $1,000 |
Eric Gaucher Director | Trustee | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $672,630 |
| Government grants | $2,790,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $572,640 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,462,749 |
| Total Program Service Revenue | $153,389 |
| Investment income | $57,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,629 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,775,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $386,246 |
| 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. | $183,720 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,803,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,842 |
| Payroll taxes | $152,009 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,930 |
| Fees for services: Accounting | $87,916 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,894 |
| Advertising and promotion | $0 |
| Office expenses | $88,639 |
| Information technology | $16,836 |
| Royalties | $0 |
| Occupancy | $290,561 |
| Travel | $18,493 |
| 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 | $108,704 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,802,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,169 |
| Savings and temporary cash investments | $12,316 |
| Pledges and grants receivable | $242,265 |
| Accounts receivable, net | $5,640 |
| 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 | $28,000 |
| Net Land, buildings, and equipment | $291,484 |
| Investments—publicly traded securities | $1,446,328 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $237,184 |
| Total assets | $2,393,386 |
| Accounts payable and accrued expenses | $74,339 |
| 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 | $237,546 |
| Total liabilities | $311,885 |
| Net assets without donor restrictions | $2,081,501 |
| 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 | $2,393,386 |
Grants Awarded
Over the last fiscal year, Foundation For Applied Molecular Evolution Inc has awarded $386,246 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF COLORADO PURPOSE: RESEARCH | $38,090 |
THOMAS JEFFERSON UNIVERSITY PURPOSE: RESEARCH | $246,473 |
INDIANA UNIVERSITY PURPOSE: RESEARCH | $101,683 |