Biostasis Technologies Inc
- Assets
- $170.8k
- Revenue
- $559.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Fort Lauderdale, FL
- Founding
- Data as of
- 12/2023
- EIN
- 88-1631797
Organization Overview
Biostasis Technologies Inc is located in Fort Lauderdale, FL. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Biostasis Technologies Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biostasis Technologies Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Biostasis Technologies Inc generated $559.9k in total revenue. All expenses for the organization totaled $537.1k during the year ending 12/2023. While expenses have increased by 84.3% per year over the past 2 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT AND SUPPORT SCIENTIFIC RESEARCH AND EDUCATION FOCUSING PRIMARILY ON HYPOTHERMIC TISSUE STABILIZATION FOR ORGAN PRESERVATION BRAIN BANKING ANATOMICAL DONATION AND HUMAN BIOSTASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPERIMENTAL AND THEORETICAL RESEARCH AIMED AT IMPROVING HYPOTHERMIC TISSUE STABILIZATION INCLUDING PREPARATION AND DISSEMINATION OF REPORTS AND OTHER PUBLICATIONS DEVELOPMENT AND IMPLEMENTATION OF PROTOCOLS AND CLINICAL STANDARDS EDUCATION AND TRAINING OF MEDICAL PROFESSIONALS AND COORDINATING THE DEVELOPMENT AND FORMATION OF REGIONAL ORGANIZATIONS TO DELIVER HYPOTHERMIC TISSUE STABILIZATION SERVICES.
LIQUID VENTILATION PROJECT - RESEARCH DEVELOPMENT AND PRODUCTION OF A DEVICE TO MITIGATE BRAIN INJURY BY INDUCING RAPID COOLING IMMEDIATELY AFTER CARDIAC ARREST.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Benjamin Secretary Treasurer | Officer | 40 | $120,212 |
Houston Westfall Director | Trustee | 4 | $4,960 |
Carrie Radomski Director | Trustee | 4 | $0 |
Benjamin Best Director | Trustee | 4 | $0 |
Aschwin DE Wolf President | Officer | 40 | $0 |
Bonnie Magee Director | Trustee | 4 | $0 |
Financial Statements
| 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 | $559,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,929 |
| 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 | $559,929 |
| 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. | $125,172 |
| Compensation of current officers, directors, key employees. | $25,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,033 |
| Pension plan accruals and contributions | $2,675 |
| Other employee benefits | $9,777 |
| Payroll taxes | $18,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,322 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,190 |
| Advertising and promotion | $0 |
| Office expenses | $6,131 |
| Information technology | $5,530 |
| Royalties | $0 |
| Occupancy | $72,250 |
| Travel | $40,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,339 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,464 |
| All other expenses | $15,935 |
| Total functional expenses | $537,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,267 |
| Savings and temporary cash investments | $0 |
| 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 | $5,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,000 |
| Total assets | $170,767 |
| Accounts payable and accrued expenses | $5,638 |
| Grants payable | $0 |
| Deferred revenue | $131,300 |
| 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 | $136,938 |
| Net assets without donor restrictions | $33,829 |
| 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 | $170,767 |