Bioworld Foundation Inc
- Assets
- $1.9m
- Revenue
- $594.7k
- Investments
- $1.3m
- Employees
- 0
- Location
- Irving, TX
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-2615080
Organization Overview
Bioworld Foundation Inc is located in Irving, TX. The organization was established in 2016. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bioworld 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 12/2022, Bioworld Foundation Inc generated $594.7k in total revenue. All expenses for the organization totaled $159.8k during the year ending 12/2022. While expenses have increased by 81.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajeev Malik President | 1 | $0 | |
Ritu Malik Secretary-Treasurer | 1 | $0 | |
Nishali Malik Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,385 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,307 |
| Capital Gain Net Income | $62,307 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $594,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,233 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,320 |
| Contributions, gifts, grants paid | $137,500 |
| Total expenses and disbursements | $159,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,000 |
| Savings and temporary cash investments | $70,273 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,914,787 |
| Accounts payable and accrued expenses | $6,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,600 |
Grants Awarded
Over the last fiscal year, Bioworld Foundation Inc has awarded $137,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
IRVING SCHOOLS FOUNDATION PURPOSE: FUNDING FOR INNOVATIVE PROGRAMS, SCHOLARSHIPS, AND ACTIVITIES THAT ENHANCE CREATIVITY, LEARNING, AND ACADEMIC SUCCESS FOR IRVING ISD STUDENTS. | $10,000 |
LEVEL PATHWAYS PURPOSE: GENERAL SUPPORT FOR PROTECTING, PREPARING, AND POSITIONING HOMELESS TEENS FOR THEIR FUTURE. | $27,500 |
TEXAS FOOD BANK PURPOSE: GENERAL SUPPORT TO FOCUS ON EDUCATION AND FEEDING THE HUNGRY STUDENTS AND THEIR FAMILIES | $100,000 |