Applied Biomedical Science Institute
- Assets
- $1.3m
- Revenue
- $2.7m
- Investments
- $281.4k
- Employees
- 14
- Location
- San Diego, CA
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-5056708
Organization Overview
Applied Biomedical Science Institute is located in San Diego, CA. The organization was established in 2018. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Applied Biomedical Science Institute employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Applied Biomedical Science 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, Applied Biomedical Science Institute generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.7% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. 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
PERFORM CUTTING EDGE BASIC AND TRANSLATIONAL RESEARCH ENABLING MEDICAL INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE APPLIED BIOMEDICAL SCIENCE INSTITUTE (AKA ABS INSTITUTE) IS FORMED TO PROMOTE AND PERFORM BIOMEDICAL RESEARCH INVOLVING BIOLOGICAL MECHANISMS OF DISEASE PATHOGENESIS AND RESOLUTION. THE INSTITUTE WILL PERFORM BASIC AND TRANSLATIONAL BIOMEDICAL RESEARCH, INCLUDING MOLECULAR, GENETIC, CELLULAR, AND PHYSIOLOGICAL STUDIES, AND PUBLISHES ITS RESULTS IN PUBLICLY ACCESSIBLE PEER REVIEWED PUBLICATIONS, AS WELL AS PRESENTATIONS AT NATIONAL AND INTERNATIONAL SCIENTIFIC MEETINGS AND CONFERENCES. THE INSTITUTE PROMOTES THERAPEUTIC TRANSLATION THROUGH INTERNAL RESEARCH, COLLABORATIONS, OR LICENSING ACTIVITIES OF ITS RESEARCH FINDINGS OR INTELLECTUAL PROPERTY. THE INSTITUTE TRAINS EARLY STAGE RESEARCHERS IN BIOMEDICAL RESEARCH THROUGH POST-DOCTORAL FELLOW AND INTERNSHIP PROGRAMS. A PART OF THE INSTITUTE'S ACTIVITIES WILL BE TO PROMOTE EDUCATION AND PROVIDE RESOURCES THROUGH ITS WEBSITE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vaughn Smider President | OfficerTrustee | 40 | $142,800 |
Peter Slover CFO | Officer | 10 | $47,175 |
Ronald Martell Board Member | Trustee | 1 | $0 |
James Larrick Board Member | Trustee | 1 | $0 |
David Rabuka Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,436,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,148 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,483,112 |
| Total Program Service Revenue | $1,168,495 |
| Investment income | $9,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,682,413 |
| 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. | $202,877 |
| Compensation of current officers, directors, key employees. | $78,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $699,289 |
| Pension plan accruals and contributions | $16,217 |
| Other employee benefits | $77,701 |
| Payroll taxes | $58,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,877 |
| Fees for services: Accounting | $47,789 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,287 |
| Advertising and promotion | $1,837 |
| Office expenses | $22,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,606 |
| Travel | $1,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,596 |
| Interest | $1,304 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,287 |
| Insurance | $5,788 |
| All other expenses | $32,909 |
| Total functional expenses | $2,578,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,252 |
| Savings and temporary cash investments | $5,469 |
| Pledges and grants receivable | $115,071 |
| Accounts receivable, net | $414,658 |
| 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 | $16,169 |
| Net Land, buildings, and equipment | $227,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $281,404 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,840 |
| Total assets | $1,308,035 |
| Accounts payable and accrued expenses | $320,102 |
| 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 | $185,170 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,266 |
| Total liabilities | $528,538 |
| Net assets without donor restrictions | $779,497 |
| 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 | $1,308,035 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Applied Biomedical Science Institute has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred E Mann Institute For Biomedical Engineering At The Usc Los Angeles, CA | $265,159,414 | $78,284,269 |
Fogarty Institute For Innovation Mountain View, CA | $12,713,454 | $3,362,432 |
Sens Foundation Inc Mountain View, CA | $3,998,305 | $4,002,442 |
Southern California Institute For Research And Education Long Beach, CA | $7,387,710 | $3,555,949 |
Brentwood Biomedical Research Institute Institute Inc Los Angeles, CA | $0 | $493,229 |
Applied Biomedical Science Institute San Diego, CA | $1,308,035 | $2,682,413 |
Agouron Institute Pasadena, CA | $18,754,799 | $1,205,799 |
Beckman Laser Institute Inc Irvine, CA | $7,260,993 | $551,556 |
Biomedical Research Foundation Of Southern Arizona Tucson, AZ | $586,510 | $271,565 |
Sierra Veterans Research And Education Foundation Reno, NV | $966,986 | $793,003 |
Resmed Sleep Disordered Breathing Foundation La Jolla, CA | $6,205,552 | $1,062,570 |
Genetic Information Research Institute Cupertino, CA | $2,360,047 | $437,295 |