Asapbio is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asapbio 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, Asapbio generated $9.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.0%) each year. All expenses for the organization totaled $301.5k during the year ending 12/2023. 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
ASAPBIO IS ACCELERATING THE OPEN COMMUNICATION OF LIFE SCIENCES RESEARCH, PROMOTING THE ADVANCEMENT OF DISCOVERY AND THE DISSEMINATION OF KNOWLEDGE FOR THE PUBLIC GOOD, AND EMPOWERING EARLY CAREER RESEARCHERS WITH MECHANISMS FOR DEMONSTRATING THEIR PRODUCTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT CULTURE CHANGE THROUGH COMMUNITY PROGRAMS AND OUTREACH - ASAPBIO COMPLETED A THIRD COHORT OF THE FELLOWS PROGRAM, WITH 37 FELLOWS COMPLETING 5 PROJECTS. WE INCREASED VISIBILITY OF ASAPBIO IN DIFFERENT GEOGRAPHICAL AREAS VIA COLLABORATIONS WITH LOCAL OPEN SCIENCE GROUPS FROM ASIA, AFRICA & LATIN AMERICA, WITH VIRTUAL AND IN-PERSON EVENTS FOR THESE REGIONS, AND BY LAUNCHING THE LOCAL HUBS PROGRAM.PROMOTE CONSTRUCTIVE PREPRINT REVIEW - ASAPBIO CONTINUED THE CROWD PREPRINT REVIEW FRAMEWORK AND COMPLETED A THIRD CYCLE OF ACTIVITIES WITH 4 FELLOW-LED CROWDS AND 36 PUBLIC PREPRINT REVIEWS POSTED. COLLABORATED WITH EUROPE PMC TO HOST A WORKSHOP ON SUPPORTING INTEROPERABILITY OF PREPRINT PEER REVIEW METADATA. DISSEMINATED A MEETING REPORT AND CALL TO ACTION FROM RECOGNIZING PREPRINT PEER REVIEW. HELD EVENTS AT THE PROTEIN SOCIETY AND CELL BIO CONFERENCES TO PROMOTE CONVERSATIONS ABOUT PREPRINT REVIEW.EXPAND THE USAGE OF PREPRINTS TO SHARE SCIENCE EARLIER - ASAPBIO POSTED A PREPRINT IN PROGRESS, AUTHORED BY ASAPBIO FELLOWS, ABOUT CATEGORIZING PREPRINTS IN PROGRESS. ANNOUNCED THE WINNERS OF A COMPETITION TO SHOWCASE THE USE OF PREPRINTS TO SHARE NEGATIVE RESULTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Prachee Avasthi President | OfficerTrustee | 1 | $0 |
James Fraser Vice President | OfficerTrustee | 1 | $0 |
Jennifer Lin Secretary | OfficerTrustee | 1 | $0 |
Iain Cheeseman Treasurer | OfficerTrustee | 1 | $0 |
R Dyche Mullins Director | Trustee | 1 | $0 |
Osman Aldirdiri Director (thru February) | Trustee | 1 | $0 |
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 | $3,900 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,900 |
Total Program Service Revenue | $2,186 |
Investment income | $2,904 |
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 | $8,990 |
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. | $134,456 |
Compensation of current officers, directors, key employees. | $6,051 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $85,445 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,063 |
Payroll taxes | $16,404 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $15,428 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $19,806 |
Advertising and promotion | $0 |
Office expenses | $3,186 |
Information technology | $1,710 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,990 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $13,978 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $2,802 |
All other expenses | $2,259 |
Total functional expenses | $301,527 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $42,207 |
Savings and temporary cash investments | $402,904 |
Pledges and grants receivable | $250,000 |
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 | $23,040 |
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 | $718,151 |
Accounts payable and accrued expenses | $9,540 |
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 | $9,540 |
Net assets without donor restrictions | $458,611 |
Net assets with donor restrictions | $250,000 |
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 | $718,151 |