Society For Biomaterials
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Laurel, NJ
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 74-1806843
Organization Overview
Society For Biomaterials is located in Mount Laurel, NJ. The organization was established in 2001. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society For Biomaterials 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, Society For Biomaterials generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ADVANCES IN MATERIALS RESEARCH AND DEVELOPMENT.
Describe the Organization's Program Activity:
MEETINGS AND CONFERENCES: HELD TO PROVIDE AN EDUCATIONAL OPPORTUNITY FOR MEMBERS FROM ACADEMIA, INDUSTRY AND GOVERNMENT TO NETWORK AND EXCHANGE SCIENTIFIC AND REGULATORY INFORMATION RELATED TO THE GROWING FIELD OF BIOMATERIALS.
PUBLICATIONS: JOURNALS, QUARTERLY MAGAZINE AND OTHER PUBLICATIONS INFORM MEMBERS ABOUT NEW DEVELOPMENTS AND RESEARCH IN THE FIELD OF BIOMATERIALS, EDUCATE THEM ABOUT BIOMATERIALS TOPICS IN THEIR OWN AND RELATED SPECIALTIES, AND UPDATE THEM ON THE ACTIVITIES AND EVENTS OF THE ORGANIZATION.
SPECIAL INTEREST GROUPS: PROVIDE A FOCUSED ENVIRONMENT IN WHICH TO NETWORK AND SHARE NEW IDEAS, RESEARCH AND DEVELOPMENTS ABOUT A TARGETED SPECIALTY WITHIN THE BIOMATERIALS FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Cosgriff-Hernandez PHD 1st Past Pres (eff 4/23) | OfficerTrustee | 1 | $0 |
William R Wagner PHD President (eff 4/23) | OfficerTrustee | 1 | $0 |
Guigen Zhang PHD 2nd Past Pres (eff 4/23) | OfficerTrustee | 1 | $0 |
Shelly Sakiyama-Elbert PHD 2nd Past Pres (til 4/23) | OfficerTrustee | 1 | $0 |
Sarah E Stabenfeldt PHD President-Elect (eff 4/23) | OfficerTrustee | 1 | $0 |
Danielle Sw Benoit PHD Sec/treas (eff 4/23) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Headquarters Inc Management Contract & Other Projects | 12/30/23 | $547,825 |
Ssd Operating Co Llc Annual Meeting Hotel | 12/30/23 | $238,750 |
Ceavco Audio Visual Co Inc Annual Meeting Audio Visual | 12/30/23 | $126,802 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $106,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,973 |
| Total Program Service Revenue | $1,075,261 |
| Investment income | $10,456 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,858 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,199,548 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| Grants and other assistance to domestic individuals. | $20,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $432,123 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,027 |
| Fees for services: Other | $11,016 |
| Advertising and promotion | $0 |
| Office expenses | $28,493 |
| Information technology | $18,384 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $460,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,724 |
| Insurance | $6,647 |
| All other expenses | $0 |
| Total functional expenses | $1,119,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,869 |
| Savings and temporary cash investments | $79,047 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,224 |
| 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 | $36,355 |
| Net Land, buildings, and equipment | $69,289 |
| Investments—publicly traded securities | $561,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,061,659 |
| Accounts payable and accrued expenses | $4,334 |
| Grants payable | $0 |
| Deferred revenue | $27,537 |
| 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 | $31,871 |
| Net assets without donor restrictions | $773,414 |
| Net assets with donor restrictions | $256,374 |
| 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 | $1,061,659 |