Augusta Biomedical Research Corporation
- Assets
- $374.8k
- Revenue
- $102.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Augusta, GA
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 58-1857974
Organization Overview
Augusta Biomedical Research Corporation is located in Augusta, GA. The organization was established in 1991. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, Augusta Biomedical Research Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augusta Biomedical Research Corporation 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, Augusta Biomedical Research Corporation generated $102.2k 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 (12.8%) each year. All expenses for the organization totaled $134.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE RESEARCH AND EDUCATION MISSIONS OF THE DEPARTMENT OF VETERANS AFFAIRS (VA), AND SPECIFICALLY THE CHARLIE NORWOOD VA MEDICAL CENTER, AUGUSTA, GA, THROUGH THE SUPPORT OF RESEARCH-RELATED AND EDUCATION-RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH ADMINISTRATION ABRC PROVIDED GRANT APPLICATION SUBMISSION AND CONTRACT NEGOTIATION SERVICES FOR INVESTIGATORS. ABRC PROVIDED FISCAL OVERSIGHT TO INCLUDE ADMINISTRATION OF THE PROJECT FUNDS, MONITORING BUDGETS, AND CREATING TIMELY FINANCIAL REPORTS. ABRC ADMINISTERS 24 ACCOUNTS FOR 17 MEMBERS CONDUCTING ACTIVE RESEARCH IN THE FOLLOWING RESEARCH AREAS: CARDIOLOGY, NEUROLOGY, DERMATOLOGY, UROLOGY, GERIATRICS, PROSTATE CANCER, OPHTHALMOLOGY AND ONCOLOGY. EDUCATION ACTIVITIES ABRC PROVIDES FUNDS TO ENCOURAGE PARTICIPATION IN AND SUPPORT OF THE VA RESEARCH WEEK ACTIVITIES. HUMAN RESOURCES ADMINISTRATION ABRC HIRES RESEARCH STAFF DIRECTLY OR REIMBURSES ANOTHER EMPLOYER FOR THEIR EMPLOYEES' TIME SPENT WORKING ON VA APPROVED RESEARCH STUDIES. WHEN ABRC HIRES EMPLOYEES, IT PROVIDES PAYROLL SERVICES INCLUDING DIRECT DEPOSIT, STATE AND FEDERAL TAX FILING, UNEMPLOYMENT INSURANCE, AND LEAVE TRACKING. WHEN ANOTHER EMPLOYER IS REIMBURSED, ABRC PROVIDES BOOKKEEPING SERVICES TO HANDLE INVOICES AND PAYMENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeteseya Dennis Executive Dir. | Trustee | 40 | $61,888 |
Ginjupalli Srinivas MD Statutory Membr | OfficerTrustee | 0 | $0 |
Robin Jackson Ph D Statutory Membr | OfficerTrustee | 0 | $0 |
Wendy B Bollag PHD Treasurer | OfficerTrustee | 2 | $0 |
Thomas J Hartney MD Board Chair | OfficerTrustee | 2 | $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 | $93,950 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,950 |
| Total Program Service Revenue | $0 |
| Investment income | $178 |
| 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 | $102,169 |
| 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. | $61,888 |
| Compensation of current officers, directors, key employees. | $61,888 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,133 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $74 |
| 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 | $205 |
| Insurance | $10,934 |
| All other expenses | $7,426 |
| Total functional expenses | $134,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,216 |
| Savings and temporary cash investments | $351,422 |
| 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 | $120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,758 |
| Accounts payable and accrued expenses | $22,013 |
| 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 | $22,013 |
| Net assets without donor restrictions | $9,157 |
| Net assets with donor restrictions | $343,588 |
| 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 | $374,758 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Augusta Biomedical Research Corporation has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
American Legion Stockbridge, GA PURPOSE: donation | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emtech Inc Atlanta, GA | $29,330,405 | $2,880,833 |
Discovery Cure Institute Inc Alachua, FL | $4,341,593 | $250,004 |
Health Research Alliance Inc Research Triangle Park, NC | $1,337,477 | $512,240 |
The Ruth K Broad Biomedical Research Foundation Inc Durham, NC | $19,461,345 | $586,039 |
North Carolina Association For Biomedical Research Raleigh, NC | $695,000 | $534,428 |
Limbitless Solutions Inc Orlando, FL | $1,004,854 | $765,711 |
Open Humans Foundation Sanford, NC | $245,591 | $0 |
Gorgas Memorial Institute Of Tropic Al And Preventative Medicine Inc Birmingham, AL | $1,954,183 | $433,597 |
Augusta Biomedical Research Corporation Augusta, GA | $374,758 | $102,169 |
Technology Accelerator Company Charleston, SC | $1,235,536 | $382,447 |