Association Of Biomolecular Resource Facilities
- Assets
- $1.9m
- Revenue
- $822.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 56-1659510
Organization Overview
Association Of Biomolecular Resource Facilities, operating under the name Abrf, is located in Lexington, KY. The organization was established in 1990. 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. Abrf 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, Abrf generated $822.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $571.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ABRF IS A UNIQUE MEMBERSHIP ASSOCIATION COMPRISING OVER 700 MEMBERS WORKING WITHIN OR IN THE SUPPORT OF RESOURCE AND RESEARCH BIOTECHNOLOGY LABORATORIES. OUR MEMBERS REPRESENT OVER 340 LABORATORIES AND ADMINISTRATIVE OFFICES IN GOVERNMENT, ACADEMIA, RESEARCH, INDUSTRY AND COMMERCIAL SETTINGS. THE ABRF PROMOTES THE EDUCATION AND CAREER ADVANCEMENT OF SCIENTISTS THROUGH CONFERENCES, A QUARTERLY JOURNAL, PUBLICATION OF RESEARCH GROUP STUDIES AND CONFERENCE TRAVEL AWARDS. THE SOCIETY ALSO SPONSORS MULTI-CENTER RESEARCH STUDIES DESIGNED TO HELP MEMBERS INCORPORATE NEW BIOTECHNOLOGIES INTO THEIR LABORATORIES.
Describe the Organization's Program Activity:
CONFERENCES - THE PURPOSE OF CONFERENCES IS TO EXPOSE MEMBERS TO NEW AND EMERGING BIOTECHNOLOGY THROUGH PLENARY LECTURES, ROUNDTABLES, RESEARCH GROUP PRESENTATIONS, POSTER SESSIONS, WORKSHOPS, TECHNICAL EXHIBITS, AND NETWORKING OPPORTUNITIES WITH ACADEMIC, INDUSTRY, AND EXHIBITOR COLLEAGUES. THE ABRF 2020 ANNUAL MEETING, WAS HELD VIRTUALLY. THE ANNUAL MEETING FOCUSED ON THE ABRF MEMBERSHIP PROMOTES THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS COLLABORATION BETWEEN DISCIPLINES TO ENHANCE PROBLEM SOLVING IN BIOMEDICAL RESEARCH.
ABRF HAS REGIONAL CHAPTERS THAT PROVIDE NETWORKING OPPORTUNITIES FOR CORE DIRECTORS, MANAGERS AND STAFF THROUGHOUT THE UNITED STATES. THE LOCAL CHAPTERS ORGANIZE MEETINGS THAT PROVIDE A FORUM FOR DISCUSSION OF ISSUES RELATED TO CORE MANAGEMENT AND THEIR TECHNOLOGIES. THEY ALSO PROVIDE OPPORTUNITIES FOR CORE STAFF TO NETWORK AND OBTAIN TRAINING AND/OR ADVANCED TECHNICAL INFORMATION IN A REGIONAL SETTING.
ABRF MEMBERSHIP PROMOTES THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS BY: - PUBLISHING TECHNOLOGY FOCUSED RESEARCH GROUP STUDIES AND ADMINISTRATIVE WHITE PAPERS, - RUNNING TECHNOLOGY AND ADMINISTRATION FOCUSED WORKSHOPS, FOR WHICH MEMBERS RECEIVE A DISCOUNTED REGISTRATION, - ADVERTISING JOB OPENINGS ONLINE, ALLOWING EMPLOYERS TO POST AND JOB-SEEKERS TO SEARCH FOR TOP CORE FACILITY EMPLOYMENT OPPORTUNITIES THROUGHOUT THE WORLD. - HOSTING A FASEB JOB FAIR AT THE ANNUAL MEETING. - CONNECTING MENTORS AND MENTEES, SO THAT THOSE EARLY OR EVEN LATER IN THEIR CORE FACILITY CAREERS CAN FIND COUNSEL IN SELF-IDENTIFIED MEMBERS, - COMING SOON: PUBLISHING A NEW CONSULTING BUREAU, WHERE ABRF MEMBERS WHO ARE OPEN TO CONSULTING OPPORTUNITIES E.G., SITE VISITS, EXTERNAL REVIEW BOARDS, TECHNOLOGY MENTORING CAN BE LISTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Cole President | OfficerTrustee | 5 | $0 |
Christian Lytle Treasurer | OfficerTrustee | 3 | $0 |
Ken Schoppmann Executive Dir. | Officer | 40 | $0 |
Magnus Palmblad Director | Trustee | 1 | $0 |
Sridar Cittur Director | Trustee | 1 | $0 |
Claudius Mundoma Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $556,573 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $556,573 |
| Total Program Service Revenue | $212,988 |
| Investment income | $18,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $822,565 |
| 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. | $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 | $328,175 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $4,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,255 |
| Advertising and promotion | $31,137 |
| Office expenses | $1,852 |
| Information technology | $47,301 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,032 |
| Insurance | $4,474 |
| All other expenses | $1,347 |
| Total functional expenses | $570,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $871,455 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,182 |
| 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 | $25,561 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $979,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,879,453 |
| Accounts payable and accrued expenses | $9,538 |
| Grants payable | $0 |
| Deferred revenue | $615,091 |
| 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 | $624,629 |
| Net assets without donor restrictions | $1,249,191 |
| Net assets with donor restrictions | $5,633 |
| 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 | $1,879,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald Danforth Plant Science Center Saint Louis, MO | $503,520,795 | $58,321,490 |
International Bioresources Group Manassas, VA | $12,118,539 | $31,000,000 |
Two Blades Foundation Evanston, IL | $11,973,096 | $5,910,316 |
Biogenerator St Louis, MO | $18,228,648 | $5,980,621 |
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 |
Bionexus Foundation Inc Manassas, VA | $276,986,981 | $50,742,953 |
Association For Applied Sport Psychology Indianapolis, IN | $1,517,848 | $1,218,038 |
Center For Humans And Nature Nfp Libertyville, IL | $9,956,278 | $1,296,865 |
American Society For Bioethics And Humanities Chicago, IL | $775,773 | $1,147,764 |
Microscopy Society Of America Reston, VA | $4,414,815 | $1,509,742 |
National Association Of Biology Teachers Inc Warrenton, VA | $562,231 | $1,001,137 |