Foundation For Applied Molecular Evolution Inc
- Assets
- $2.2m
- Revenue
- $3.1m
- Investments
- $1.3m
- Employees
- 25
- Location
- Alachua, FL
- Founding
- 03/2000
- Data as of
- 12/2021
- 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 12/2021, Foundation For Applied Molecular Evolution Inc employed 25 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 12/2021, Foundation For Applied Molecular Evolution Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
2021
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. -HDTRA-13-1-0004 - APTAMERS FROM ARTIFICIAL GENETIC SYSTEMS - THIS PROJECT INVOLVES WORK TO DEVELOP TECHNOLOGY TO CREATE "BINDERS ON DEMAND" IN THE FORM OF NUCLEIC ACID ANALOGS CONTAINING ADDITIONAL NUCLEIC ACID BUILDING BLOCKS.--1R01GM111386-01 - EXPANDED DNA, IN VITRO SELECTION, APTAMERS, AND CANCER - THIS PROJECT INVOLVES WORK TO DEVELOP THE TECHNOLOGY TO ROUTINELY, RELIABLY, AND INEXPENSIVELY DELIVER DNA-LIKE MOLECULES THAT BIND TO TARGETS ("APTAMERS"), FOR ANY TARGET, BUT INITIALLY FOR CANCER CELLS AND THEIR PROTEINS.JTF ACTIVITIES - THIS ADMINISTRATIVE PROJECT OVERSEES EIGHT RESEARCH PROJECTS TO UNDERSTAND HOW ANIMATE MATTER ABLE TO EXPLOIT DARWINISM MIGHT EMERGE FROM INANIMATE MATTER, AN EMERGENCE WHAT DEFINES THE ORIGIN OF LIFE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Benner Board Chair & CEO | OfficerTrustee | 30 | $115,000 |
Eric Gaucher Director | Trustee | 1 | $0 |
Andrew Ellington Director | Trustee | 1 | $0 |
Nigel Richards Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,952,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $631,934 |
| Noncash contributions included in lines 1a–1f | $136,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,583,981 |
| Total Program Service Revenue | $66,220 |
| Investment income | $53,104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $364,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,068,203 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,982 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,490 |
| Payroll taxes | $101,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,190 |
| Fees for services: Accounting | $42,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,499 |
| Advertising and promotion | $0 |
| Office expenses | $84,305 |
| Information technology | $20,223 |
| Royalties | $0 |
| Occupancy | $248,690 |
| Travel | $918 |
| 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 | $40,727 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,493,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,665 |
| Savings and temporary cash investments | $334,929 |
| Pledges and grants receivable | $274,971 |
| 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 | $56,000 |
| Net Land, buildings, and equipment | $188,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,286,231 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,075 |
| Total assets | $2,195,663 |
| Accounts payable and accrued expenses | $132,850 |
| 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 | $0 |
| Total liabilities | $132,850 |
| Net assets without donor restrictions | $1,777,813 |
| Net assets with donor restrictions | $285,000 |
| 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 | $2,195,663 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation For Applied Molecular Evolution Inc has recieved totaling $1,673,998.
| Awarding Organization | Amount |
|---|---|
John Templeton Foundation West Conshohocken, PA PURPOSE: CHEMISTRY TO LIFE | $1,133,999 |
John Templeton Foundation West Conshohocken, PA PURPOSE: CHEMISTRY TO LIFE | $539,999 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |