Biostasis Technologies Inc
- Assets
- $216.8k
- Revenue
- $169.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2022
- EIN
- 88-1631797
Organization Overview
Biostasis Technologies Inc is located in Brooklyn, NY. 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 12/2022, Biostasis Technologies Inc employed 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
THE ORGANIZATION WAS FORMED IN 2022 AND CONSEQUENTLY THE REMAINING MONTHS OF 2022 WERE FOCUSED ON STARTUP ACTIVITIES WHICH INCLUDED SECURING AND OUTFITTING A RESEARCH FACILITY HIRING STAFF PROVISION OF EDUCATION AND TRAINING FOR LEADERSHIP AND STAFF DEVELOPMENT OF PROGRAM SERVICES AND IMPLEMENTATION OF ADMINISTRATIVE SYSTEMS AND PROCESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Benjamin Secretary Treasurer | Officer | 40 | $25,385 |
Houston Westfall Director | Trustee | 40 | $14,191 |
Aschwin DE Wolf President | Officer | 40 | $0 |
Benjamin Best Director | Trustee | 6 | $0 |
Bonnie Magee Director | Trustee | 6 | $0 |
Carrie Radomski Director | Trustee | 6 | $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 | $169,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,164 |
| 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 | $169,164 |
| 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. | $39,575 |
| Compensation of current officers, directors, key employees. | $15,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,462 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,550 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,854 |
| Advertising and promotion | $2,850 |
| Office expenses | $1,416 |
| Information technology | $4,392 |
| Royalties | $0 |
| Occupancy | $12,109 |
| Travel | $10,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,995 |
| All other expenses | $0 |
| Total functional expenses | $158,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,274 |
| 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 | $216,774 |
| Accounts payable and accrued expenses | $5,088 |
| Grants payable | $0 |
| Deferred revenue | $200,686 |
| 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 | $205,774 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $11,000 |
| 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 | $216,774 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biostasis Technologies Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: Scientific research and education | | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monell Chemical Senses Center Philadelphia, PA | $23,424,187 | $14,213,713 |
Trudeau Institute Inc Saranac Lake, NY | $32,912,621 | $8,396,635 |
Donald Guthrie Foundation Sayre, PA | $56,153,398 | $6,059,366 |
Lymphatic Education & Research Network Inc Le&rn New York, NY | $3,889,093 | $4,129,686 |
Serenagroup Research Foundation Cambridge, MA | $146,858 | $676,235 |
Sass Foundation For Medical Research Inc Roslyn, NY | $349,661 | $364,188 |
Association For Pathology Informatics Inc Pittsburgh, PA | $165,500 | $362,691 |
The New Jersey Institute For Medical Research And Education Inc Red Bank, NJ | $234,007 | $408,852 |
Homoeopathic Pharmacopoeia Convention Of The United States Southeastern, PA | $1,230,004 | $174,691 |
American Healthcare Radiology Administrators Education Fndtn Inc Marlborough, MA | $978,128 | $402,631 |
Vincera Foundation Philadelphia, PA | $91,710 | $56,705 |
Research Update Harrison, NJ | $172,395 | $334,394 |