Cvillebiohub
- Assets
- $117.5k
- Revenue
- $465.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlottesville, VA
- Founding
- Data as of
- 12/2021
- EIN
- 81-4552620
Organization Overview
Cvillebiohub is located in Charlottesville, VA. As of 12/2021, Cvillebiohub employed 2 individuals. Cvillebiohub is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Cvillebiohub generated $465.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.3% each year . All expenses for the organization totaled $445.6k during the year ending 12/2021. While expenses have increased by 52.2% 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
THE MISSION OF CVILLEBIOHUB IS TO STRENGTHEN THE CHARLOTTESVILLE-AREA BIOTECHNOLOGY INDUSTY THROUGH ENGAGEMENT, RESOURCING, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHED AN INDUSTRY REPORT BENCHMARKING INDUSTRY ACTIVITY. CREATED A NEW WEBSITE AND CAREER BOARD FOR THE INDUSTRY TO CONNECT AND FIND TALENT. INITIATED AN ENTREPRENEUR-IN-RESIDENCE PROGRAM TO ASSIST EARLY-STAGE CONCEPTS AND FOUNDERS. CONNECTED COMPANIES WITH INTERNS THROUGH OUR CHIP INTERNSHIP PROGRAM. HOSTED A SERIES OF WEBINARS ON INNOVATION WITHIN THE BIOHUB AND PROVIDED ONGOING NEWTWORKING, RESOURCING, AND EDUCATION FOR THE REGIONAL BIOTECHNOLOGY INDUSTRY CLUSTER. EXPANDED THE ORGANIZATIONS BOARD OF DIRECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Hastings Executive Di | OfficerTrustee | 40 | $70,000 |
Taylor Cope Chair | Officer | 3 | $0 |
Payam Pourtaheri Treasurer | Officer | 2 | $0 |
Nathan Evans Secretary | Officer | 2 | $0 |
Dana Goldsmith Board Member | Officer | 1 | $0 |
Andrew Krouse Board Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $323,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,031 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,795 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $465,795 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $85,417 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,877 |
| Payroll taxes | $12,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $410 |
| Fees for services: Accounting | $12,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,460 |
| Advertising and promotion | $43,696 |
| Office expenses | $551 |
| Information technology | $5,790 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,048 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $908 |
| Total functional expenses | $445,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,140 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,498 |
| Accounts payable and accrued expenses | $49,209 |
| 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 | $49,209 |
| Net assets without donor restrictions | $68,289 |
| 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 | $117,498 |