Bighorn Basin Paleontological Institute
- Assets
- $668.6k
- Revenue
- $878.6k
- Investments
- $0.0
- Employees
- 9
- Location
- Willow Grove, PA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-3350752
Organization Overview
Bighorn Basin Paleontological Institute is located in Willow Grove, PA. The organization was established in 2017. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Bighorn Basin Paleontological Institute employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bighorn Basin Paleontological Institute 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, Bighorn Basin Paleontological Institute generated $878.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.6% each year . All expenses for the organization totaled $323.0k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 3 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
A NONPROFIT 501(C)(3) ORGANIZATION DEDICATED TO PALENTOLOGY AND EARTH SCIENCE RESEARCH, EDUCATION, AND OUTREACH. THE UNIVERSAL APPEAL OF DINOSAURS AND PALEONTOLOGY TO ENGAGE PEOPLE OF ALL INTEREST LEVELS AND BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR BIGGEST ANNUAL PROGRAM IS THE PUBLIC SUMMER FIELD EXPEDITION; WE HOST PEOPLE FROM AROUND THE WORLD IN SOUTHERN MONTANA TO HELP US FIND AND EXCAVATE MOSTLY DINOSARUR FOSSILS. AS PART OF THIS PROGRAM, WE TEACH A 3- CREDIT COLLEGE COURSE IN THE "FIELD OF PALEONTOLOGY" THROUGH ROCKY MOUNTAIN COLLEGE LOCATED IN BILLINGS, MT. BBPI HOST HIGH SCHOOL AGE KIDS WITH INTEREST IN THE EARTH SCIENCES THROUGH A DREXE UNIVERSITY-SPONSORED PROGRAM CALLED DESLA (DREXEL ENVIRONMENTAL SCIENCE LEADERSHIP ACADEMY). ALL FOSSILS ARE BROUGHT BACK TO OUR FOSSILS FOSSIL PREPARATION LABORATORY AT THE ACADEMY OF NATURAL SCIENCES IN PHILADELPHIA, PA. THE FOSSILS ARE THEN PREPARED, SONSERVED, AND USED FOR EDUCATION THROUGH OUR OUTREACH PROGRAS
THE BBPI CREATES AND HOSTS A DIVERSE SLATE OF EDUCATION AND OUTREACH PROGRAMMING IN THE EARTH AND PALEONTOLOGICAL SCIENCES FOR PEOPLE OF ALL AGES. THESE PROGRAMS ARE OFFERED THROUGHOUT THE YEARIN THE TRI-STATE SURROUNDING PHILADELPHIA, PA, SOUTHER CENTRAL MONTANA, AND NORTH CENTRAIL WYOMING DURING THE SUMMER. MOST OF THESE PROGRAMS ARE OFFERED FREE OF CHARGE, SUPPORTED MOSTLY THROUGH REVENUE FROM THE ANNUAL SUMMER FIELD EXPEDITIONS, GRANTS, DONATIONS, AND MEMBERSHIP FEES.
THE BBPI'S PALENONTOLGISTS CONDUCT SCIENTIFIC RESEARCH ON THE SPECIMENS WE COLLECT DURING OUR SUMMER FIELD EXPEDITIONS. WE ALSO PROVIDE SPECIMENS AND ASSISTANCE, AND SERVE AS ADVISORS TO OTHER VISITING RESEARCHERS AND STUDENTS RESEARCHING THE SPECIMENS THAT ARE COLLECTED EACH SUMMER. THIS INCLUDES PRESENTING RESEARCH RESULTS AT PROFESSIONAL CONFERENCES EACH YEAR AND PUBLISHING THE RESULTS IN A FORMAL ACADEMIC MANUSCRIPTS. THIS WORK IS SUPPORTED BY THE ANNUAL SUMMER FIELD EXPEDITIONS, DONATIONS AND MEMBERSHIP FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Baranovic Board Member | Trustee | 1 | $0 |
Steve Gibbs Treasurer | Trustee | 1 | $0 |
Guy Gsell Secretary | Trustee | 1 | $0 |
Philip L Manning Vice Preside | Trustee | 1 | $0 |
Timshel Purdum Board Member | Trustee | 1 | $0 |
Hannah Ranzom President | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,085 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $537,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $569,247 |
| Total Program Service Revenue | $307,183 |
| Investment income | $2,136 |
| 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 | $878,566 |
| 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. | $75,231 |
| Compensation of current officers, directors, key employees. | $31,578 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,353 |
| Payroll taxes | $40,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,100 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,807 |
| Office expenses | $2,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $34,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,200 |
| Insurance | $11,964 |
| All other expenses | $24,128 |
| Total functional expenses | $322,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,524 |
| Savings and temporary cash investments | $590,826 |
| Pledges and grants receivable | $0 |
| 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 | $1,490 |
| Net Land, buildings, and equipment | $58,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $668,638 |
| Accounts payable and accrued expenses | -$8,671 |
| 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 | -$8,671 |
| Net assets without donor restrictions | $0 |
| 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 | $677,309 |
| Total liabilities and net assets/fund balances | $668,638 |