Biologic Institute
- Assets
- $15.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Redmond, WA
- Founding
- 10/2006
- EIN
- 84-1670187
Organization Overview
Biologic Institute is located in Redmond, WA. The organization was established in 2006. According to its NTEE Classification (H20) the organization is classified as: Birth Defects & Genetic Diseases Research, under the broad grouping of Medical Research and related organizations. As of 09/2020, Biologic Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biologic 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 undefined, Biologic Institute generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.6%) each year. All expenses for the organization totaled $4.8k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (50.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
IN AUGUST 2019, DR. AXE BECAME THE MAXWELL PROFESSOR OF MOLECULAR BIOLOGY AT BIOLA UNIVERSITY WHERE HE IS INVOLVED IN TEACHING AND RESEARCH. BOTH OF THESE ACTIVITIES ADVANCE THE SAME OBJECTIVES THAT BIOLOGIC INSTITUTE HAS BEEN DEDICATED TO SINCE ITS INCEPTION. DR. AXE DEVELOPED AND REFINED A COURSE ON THE DESIGN OF LIFE, WHICH HAS NOW BEEN TAUGHT IN PERSON AND ONLINE. HE WORKED ON A BOOK MANUSCRIPT PROVIDING INSIGHTS ON THE COVID-19 PANDEMIC, AND ON CHAPTERS FOR EDITED VOLUMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas D Axe President | 10 | $93,750 | |
Ted Robinson Secretary | 0.5 | $0 | |
Stephen Meyer Board Member | 0.5 | $0 | |
Vinodh Gunasekera Board Member | 0.5 | $0 | |
Scott Webster Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,450 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,450 |
| Statement of Expenses | |
|---|---|
| Total expenses | $4,792 |
| Balance Sheet | |
|---|---|
| Total assets | $15,378 |
| Total liabilities | $435 |
| Net assets or fund balances | $14,943 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biologic Institute has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Do Right Foundation Las Vegas, NV PURPOSE: UNRESTRICTED GRANT TO SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sage Research Foundation Inc Boise, ID | $1,878,079 | $9,136,479 |
World Molecular Imaging Society Culver City, CA | $3,840,039 | $637,283 |
Pacific Northwest Bleeding Disorders Corvallis, OR | $613,534 | $628,881 |
Pachyonychia Congenita Fund Holladay, UT | $3,157,668 | $684,886 |
Chase Richards Foundation Calabasas, CA | $493,783 | $287,618 |
Healthy Birth And Infant Brains Foundation Casper, WY | $830,917 | $47,359 |