Bionexus Foundation Inc
- Assets
- $277.0m
- Revenue
- $50.7m
- Investments
- $42.1m
- Employees
- 0
- Location
- Manassas, VA
- Founding
- 07/2005
- Data as of
- 12/2021
- EIN
- 20-1512696
Organization Overview
Bionexus Foundation Inc is located in Manassas, VA. The organization was established in 2005. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bionexus Foundation Inc 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, Bionexus Foundation Inc generated $50.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
BIONEXUS IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES; TO SUPPORT THE EDUCATIONAL AND SCIENTIFIC MISSION OF ATCC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ATTACHMENT 1
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond H Cypess Chairman/pres/board Member | OfficerTrustee | 0.6 | $0 |
Lydia Villa-Komaroff Board Member/secretary | OfficerTrustee | 0.6 | $0 |
Louise Mawhinney Brd Member/treas. (until 6/21) | OfficerTrustee | 0.6 | $0 |
John Sweeney Asst Treas/cfo/sr VP Fin&admin | Officer | 0.6 | $0 |
Therese Sellars Asst Sec./vp Hr/cpo | Officer | 0.6 | $0 |
Patrick Bourke Treasurer (as Of 9/2021) | Officer | 0.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $31,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,835,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,907,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,742,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $289,400 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,289,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,500 |
| Savings and temporary cash investments | $6,550,542 |
| 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 | $0 |
| Investments—publicly traded securities | $225,341,397 |
| Investments—other securities | $42,077,542 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000,000 |
| Total assets | $276,986,981 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,037,637 |
| Total liabilities | $2,037,637 |
| Net assets without donor restrictions | $274,949,344 |
| 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 | $276,986,981 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bionexus Foundation Inc has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
American Type Culture Collection Manassas, VA PURPOSE: GENERAL SUPPORT | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Biotechnology Center Research Triangle Park, NC | $36,440,488 | $16,619,048 |
Pacific Institute For Research And Evaluation Beltsville, MD | $11,378,296 | $15,441,152 |
Federation Of American Societies For Experimental Biology Rockville, MD | $23,764,452 | $12,011,053 |
American Society For Cell Biology Rockville, MD | $13,840,317 | $4,790,669 |
American Institute Of Biological Sciences Inc Herndon, VA | $3,358,341 | $2,793,916 |
Jrs Biodiversity Foundation Arlington, VA | $55,350,781 | $4,706,989 |
International Life Sciences Institute Washington, DC | $10,642,459 | $1,612,956 |
The Human Factors & Ergonomics Society Washington, DC | $1,795,497 | $1,811,107 |
Bionexus Foundation Inc Manassas, VA | $276,986,981 | $50,742,953 |
Microscopy Society Of America Reston, VA | $4,414,815 | $1,509,742 |
Us Term Limits Foundation Washington, DC | $831,295 | $2,387,689 |
National Association Of Biology Teachers Inc Warrenton, VA | $562,231 | $1,001,137 |