Baruch S Blumberg Institute
- Assets
- $6.6m
- Revenue
- $6.8m
- Investments
- $286.3k
- Employees
- 50
- Location
- Doylestown, PA
- Founding
- 03/2005
- Data as of
- 06/2020
- EIN
- 06-1671347
Organization Overview
Baruch S Blumberg Institute is located in Doylestown, PA. The organization was established in 2005. According to its NTEE Classification (H40) the organization is classified as: Diseases of Specific Organs Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Baruch S Blumberg Institute employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baruch S Blumberg 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 06/2020, Baruch S Blumberg Institute generated $6.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $7.7m during the year ending 06/2020. While expenses have increased by 5.2% per year over the past 6 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.
Since 2015, Baruch S Blumberg Institute has awarded 41 individual grants totaling $4,741,905. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BARUCH S. BLUMBERG INSTITUTE IS TO USE DISCOVERY SCIENCE TO FIND NEW THERAPIES FOR VIRAL HEPATITIS AND LIVER CANCER; TO ADVANCE ITS RESEARCH DISCOVERIES THROUGH TRADITIONAL SCHOLARSHIP AND EDUCATIONAL OPPORTUNITIES; TO NURTURE BIOTECHNOLOGY AND TO PROMOTE PUBLIC HEALTH OUTREACH PROGRAMS TO IMPROVE THE QUALITY OF LIFE FOR THOSE AFFECTED BY VIRAL HEPATITIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH - TO DISCOVER AND/OR ASSIST IN THE DISCOVERY OF THERAPEUTICS, DIAGNOSTICS, AND PATHOGENESIS OF MEDICALLY IMPORTANT DISEASES IN GENERAL AND VIRAL HEPATITIS AND RELATED DISEASES IN PARTICULAR.
ACADEMIC - THE BARUCH S. BLUMBERG INSTITUTE HAS PARTNERED WITH SCHOOLS AND HIGHER EDUCATION AND OTHER AGENCIES TO BRING ACADEMIC PROGRAMMING TO THE BIOTECHNOLOGY CENTER.
PUBLIC HEALTH OUTREACH AND TRAINING - TO PROMOTE AWARENESS OF LIVER DISEASES AND CHRONIC DISEASES; TO PROMOTE EDUCATION AND TRAINING IN THE AREA OF LIVER DISEASE ALONG WITH DISCOVERY RESEARCH AND PUBLIC HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Pestell Distinguished Professor Of Translation | 40 | $232,585 | |
Timothy M Block PHD President | OfficerTrustee | 16 | $213,404 |
Ju-Tao Guo Director, Chair Of Division Of Exper | 40 | $201,720 | |
Louis P Kassa III Coo/secretary | Officer | 15 | $199,153 |
Jinhong Chang Professor Of Experimental Medicine R | 40 | $178,200 | |
Yanming Du Professor | 40 | $121,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,502,614 |
| Investment income | $66,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,528 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,844,462 |
| Statement of Expenses | |
|---|---|
| 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. | $502,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,556,862 |
| Pension plan accruals and contributions | $62,810 |
| Other employee benefits | $488,021 |
| Payroll taxes | $225,309 |
| Fees for services: Management | $85,035 |
| Fees for services: Legal | $62,315 |
| Fees for services: Accounting | $24,095 |
| Fees for services: Lobbying | $79,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,537 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $711,025 |
| Travel | $43,619 |
| 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 | $141,622 |
| Insurance | $58,884 |
| All other expenses | $0 |
| Total functional expenses | $7,716,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,134,192 |
| Savings and temporary cash investments | $226,412 |
| Pledges and grants receivable | $305,112 |
| Accounts receivable, net | $300,167 |
| 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 | $15,225 |
| Investments—publicly traded securities | $987,454 |
| Investments—other securities | $286,263 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,891,190 |
| Total assets | $6,605,700 |
| Accounts payable and accrued expenses | $450,925 |
| 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 | $73,828 |
| Unsecured mortgages and notes payable | $631,600 |
| Other liabilities | $1,203,763 |
| Total liabilities | $2,360,116 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,245,584 |
Grants Awarded
Over the last fiscal year, Baruch S Blumberg Institute has awarded $574,496 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Doylestown, PA PURPOSE: OPERATING SUPPORT | $420,000 |
Philadelphia, PA PURPOSE: RESEARCH GRANT | $50,000 |
Philadelphia, PA PURPOSE: RESEARCH GRANT | $39,931 |
Baltimore, MD PURPOSE: RESEARCH GRANT | $25,901 |
Logan, UT PURPOSE: RESEARCH GRANT | $20,636 |
Wynnewood, PA PURPOSE: RESEARCH GRANT | $13,889 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Baruch S Blumberg Institute has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Stella S Jones Foundation Newtown Square, PA PURPOSE: TO SUPPORT THE WORK OF DR. JU-TAU GUO FOR RESEARCH INTO THERAPIES FOR HEPATITIS B | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baruch S Blumberg Institute Doylestown, PA | $6,605,700 | $6,844,462 |
National Pancreas Foundation Bethesda, MD | $811,635 | $1,408,995 |
Scleroderma Foundation Tri State Chapter Inc Binghamton, NY | $974,224 | $314,907 |
Prostate Cancer Research Inc Dover, DE | $17,070 | $33,109 |
Neuro-Optometric Rehabilitation Asc Inc Monroe Township, NJ | $213,869 | $184,260 |
Systemic Lupus International Collaborating Clinics Pittsburgh, PA | $556,177 | $78,781 |
Foundation For Reproductive Medicine New York, NY | $63,851 | $0 |
Ian Burkhart Foundation Columbus, OH | $101,256 | $0 |
Defy Foundation West Chester, PA | $140,167 | $0 |
Overcoming Multiple Sclerosis Usa Inc Brooklyn, NY | $37,871 | $0 |
International Childrens Continence Society Inc Chappaqua, NY | $195,461 | $0 |
New York Fertility Research Foundation Inc New York, NY | $67,492 | $0 |