Foundation For Biomedical Research
- Assets
- $19.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 05/1982
- Data as of
- 12/2021
- EIN
- 04-2746997
Organization Overview
Foundation For Biomedical Research is located in Washington, DC. The organization was established in 1982. 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, Foundation For Biomedical Research employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Biomedical Research 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, Foundation For Biomedical Research generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATES & DISSEMINATES EDUCATIONAL MATERIALS TO THE GENERAL PUBLIC, THE MEDIA, STUDENTS AND THE RESEARCH COMMUNITY THAT DESCRIBES THE ESSENTIAL ROLE HUMANE AND RESPONSIBLE ANIMAL RESEARCH PLAYS IN CONTINUED MEDICAL PROGRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDIA AND PUBLIC RELATIONS - THE FOUNDATION SERVES AS A SPOKESPERSON FOR THE COMMUNITY ON ANIMAL RESEARCH BY PROMOTING A PUBLIC UNDERSTANDING THROUGH VARIOUS MEDIA OUTLETS.
JOURNALS AND PAMPHLETS-THE FOUNDATION PUBLISHES VARIOUS JOURNALS AND PAMPHLETS DESIGNED TO EDUCATE PEOPLE AS TO THE BENEFITS PROVIDED BY BIOMEDICAL RESEARCH. PREPARES MATERIALS TO DISSEMINATE INFORMATION REGARDING ROLE OF BIOMEDICAL RESEARCH TO THE SCIENTIFIC COMMUNITY.
TRAVEL & MEETINGS-THE FOUNDATION PROMOTES THE IMPORTANCE OF BIOMEDICAL RESEARCH BY ATTENDING MEETINGS & CONVENTIONS WHERE THEY SPEAK ABOUT ISSUES RELATED TO SUCH RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Bailey President | Officer | 20 | $130,000 |
Lenore Cooney Board Member | Trustee | 2 | $0 |
Arthur Rubenstein Board Member | Trustee | 2 | $0 |
Henry Friedman Chair | Trustee | 2 | $0 |
Atul Grover Board Member | Trustee | 2 | $0 |
Mark W Hamrick Board Member | Trustee | 2 | $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 | $630,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,126 |
| Total Program Service Revenue | $0 |
| Investment income | $395,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $864,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,890,553 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,860 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,035 |
| Payroll taxes | $28,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $57,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $285,681 |
| Office expenses | $0 |
| Information technology | $6,760 |
| Royalties | $0 |
| Occupancy | $129,872 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,963 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,369 |
| Insurance | $26,922 |
| All other expenses | $11,094 |
| Total functional expenses | $1,099,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,020,533 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,032 |
| Investments—publicly traded securities | $13,827,134 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,944 |
| Total assets | $19,886,643 |
| Accounts payable and accrued expenses | $89,014 |
| 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 | $89,014 |
| Net assets without donor restrictions | $19,747,629 |
| Net assets with donor restrictions | $50,000 |
| 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 | $19,886,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For Biomedical Research has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Allan Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Endowment Analysis
| Net Contributions | $50,000 |
| Ending Balance | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Genomics And Bioinformatics Research Institute Fairfax, VA | $41,758,166 | $3,961,424 |
Institute For Gene And Cell Therapies Washington, DC | $285,097 | $1,200,000 |
Foundation For Biomedical Research Washington, DC | $19,886,643 | $1,890,553 |
Center For Genetics Nutrition And Health Inc Washington, DC | $146,885 | $87,799 |
Chinese Biopharmaceutical Association-Usa Inc Potomac, MD | $713,657 | $140,026 |