Molecular Biology Consortium Inc
- Assets
- $979.1k
- Revenue
- $446.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Naperville, IL
- Founding
- 02/2002
- Data as of
- 06/2022
- EIN
- 36-4334866
Organization Overview
Molecular Biology Consortium Inc is located in Naperville, IL. The organization was established in 2002. According to its NTEE Classification (M03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 06/2022, Molecular Biology Consortium Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molecular Biology Consortium 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 06/2022, Molecular Biology Consortium Inc generated $446.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $380.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC RESEARCH AND TEACHING USING AN X-RAY BEAMLINE
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN ANTIBODY THERAPY, SOTROVIMAB, THAT HELPS NEUTRALIZE SARS COV-2 STRAINS, AND OTHER CORONAVIRUSES, WAS DEVELOPED WITH A LITTLE HELP FROM STRUCTURAL BIOLOGIST DR. JAY NIX. DR. NIX, BEAMLINE DIRECROR OF MOLECULAR BIOLOGY CONSORTIUM PERFORMED X-RAY CRYSTALLOGRAPHY ON SAMPLES OF SURVIVOR-DERIVED ANTIBODIES. HIS WORK, ALONGSIDE OTHER CRYSTALLOGRAPHY AND MICROSCOPY FINDINGS, HELPED GENERATE DETAILED STRUCTURAL MAPS OF HOW THESE ANTIBODIES BIND TO THE SARS-COV-2 SPIKE PROTEIN. GLAXOSMITHKLINE AND VIR BIOTECHNOLOGY WERE ABLE TO USE THESE STRUCTURAL MAPS TO DEVELOP SOTROVIMAB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Nix Beamline Director | Officer | 40 | $208,365 |
Philip Matsumura Chair | OfficerTrustee | 4 | $11,250 |
Gerald Hazelbauer Sec/treasurer | OfficerTrustee | 1 | $0 |
John Kappler Vice-Chair | OfficerTrustee | 1 | $0 |
Daved Fremont Director | Trustee | 1 | $0 |
Jack Tanner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,215 |
| 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 | $159,215 |
| Total Program Service Revenue | $287,200 |
| Investment income | $369 |
| 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 | $446,784 |
| 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. | $11,250 |
| Compensation of current officers, directors, key employees. | $4,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,457 |
| Pension plan accruals and contributions | $16,824 |
| Other employee benefits | $27,301 |
| Payroll taxes | $16,563 |
| 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 | $0 |
| Fees for services: Other | $27,945 |
| Advertising and promotion | $0 |
| Office expenses | $9,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,899 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,128 |
| Insurance | $9,227 |
| All other expenses | $828 |
| Total functional expenses | $379,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $952,508 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,086 |
| 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 | $4,476 |
| Net Land, buildings, and equipment | $2,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $979,055 |
| Accounts payable and accrued expenses | $66,141 |
| 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 | $66,141 |
| Net assets without donor restrictions | $912,914 |
| 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 | $979,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of State Dam Safety Officials Inc Lexington, KY | $3,255,214 | $3,233,595 |
Minnesota State Fire Chiefs Assn Inc Milwaukee, WI | $531,624 | $375,247 |
Molecular Biology Consortium Inc Naperville, IL | $979,055 | $446,784 |
Illinois Fire Chiefs Association Educational & Research Foundation Skokie, IL | $818,822 | $351,648 |
Third District Firechiefs Association Mabas 24 Inc Flossmoor, IL | $934,614 | $324,805 |
Southern Kane County Training Assoc North Aurora, IL | $1,531,192 | $280,569 |
World Safety Organization Inc Doniphan, MO | $99,861 | $0 |
Illinois Professional Firefighters Association Elmhurst, IL | $129,791 | $0 |
International Association Of Fire Fighters Palos Park, IL | $114,230 | $0 |
International Association Of Fire Fighters Crawfordsville, IN | $63,363 | $0 |
International Association Of Fire Fighters Morton Grove, IL | $90,463 | $0 |
Chicago Center For Emotionally Focused Therapy Buffalo Grove, IL | $75,274 | $26,890 |