Connecticut United For Research Excellence Inc
- Assets
- $559.7k
- Revenue
- $683.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Groton, CT
- Founding
- 08/1991
- Data as of
- 06/2021
- EIN
- 06-1304212
Organization Overview
Connecticut United For Research Excellence Inc, operating under the name BioCT andor CURE, is located in Groton, CT. The organization was established in 1991. According to its NTEE Classification (H45) the organization is classified as: Lung Diseases Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, BioCT andor CURE employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. BioCT andor CURE 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 06/2021, BioCT andor CURE generated $683.8k 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 (14.8%) each year. All expenses for the organization totaled $521.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. 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
TO EDUCATE AND INFORM THE PUBLIC ABOUT BIOMEDICAL RESEARCH AND BIOTECHNOLOGY AND TO ADVANCE SUCH RESEARCH AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOCT WORKED WITH 200 MEMBERS TO FOSTER CONNECTEDNESS AMONG PHARMACEUTICAL COMPANIES, BIOTECH FIRMS, AND COLLEGES AND UNIVERSITIES, IN ORDER TO FORM RELATIONSHIPS BETWEEN INDUSTRY AND EDUCATION, PROMOTED CT AS A BIOTECH AND PHARMACEUTICAL FRIENDLY STATE THROUGH EDUCATIONAL SEMINARS AND EVENTS, MEETINGS FOR ENTREPRENEURS TO DISCUSS THEIR START-UPS AND CONFERENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Hocevar President & CEO | OfficerTrustee | 30 | $140,000 |
Stanley Choy Co-Chair And Treasurer | OfficerTrustee | 0.3 | $38,500 |
Peter Farina Co-Chair | OfficerTrustee | 0.1 | $0 |
Paul Hughes Secretary | OfficerTrustee | 0.1 | $0 |
Cynthia D Green Director | Trustee | 0.1 | $0 |
John Houston Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $421,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,846 |
| Total Program Service Revenue | $165,603 |
| 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 | $683,846 |
| 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. | $163,500 |
| Compensation of current officers, directors, key employees. | $13,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,760 |
| Advertising and promotion | $18,200 |
| Office expenses | $5,106 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,177 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,602 |
| Interest | $139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,275 |
| All other expenses | $51,751 |
| Total functional expenses | $521,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,485 |
| 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 | $3,771 |
| Net Land, buildings, and equipment | $11,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $559,745 |
| Accounts payable and accrued expenses | $127,879 |
| 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 | $54,612 |
| Total liabilities | $182,491 |
| Net assets without donor restrictions | $377,254 |
| 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 | $559,745 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Connecticut United For Research Excellence Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitehead Institute For Biomedical Research Cambridge, MA | $896,132,656 | $97,603,749 |
Dana Farber Mass General Brigham Cancer Care Inc Boston, MA | $42,647,489 | $95,186,368 |
Ludwig Institute For Cancer Research New York, NY | $25,811,385 | $89,264,708 |
Institute For Cancer Research Philadelphia, PA | $148,137,241 | $82,576,402 |
Wistar Institute Of Anatomy & Biology Philadelphia, PA | $414,460,000 | $115,831,000 |
Pan-Massachusetts Challenge Inc Needham, MA | $4,238,156 | $66,009,480 |
American Association For Cancer Research Philadelphia, PA | $261,131,206 | $103,171,549 |
Third Sector New England Inc Boston, MA | $110,017,543 | $70,555,519 |
Global Alliance For Tb Drug Development Inc New York, NY | $187,560,796 | $58,653,379 |
Licr Fund Inc New York, NY | $2,137,247,231 | $149,523,718 |
Philadelphia Fight Philadelphia, PA | $17,499,427 | $51,561,885 |
Nsabp Foundation Inc Pittsburgh, PA | $90,333,934 | $55,869,172 |