Regenerative Biologics Inc
- Assets
- $25.6m
- Revenue
- $20.4m
- Investments
- $6.4m
- Employees
- 0
- Location
- Gainesville, FL
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 59-3280155
Organization Overview
Regenerative Biologics Inc is located in Gainesville, FL. The organization was established in 2003. According to its NTEE Classification (E65) the organization is classified as: Organ & Tissue Banks, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regenerative Biologics 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 12/2023, Regenerative Biologics Inc generated $20.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $15.3m during the year ending 12/2023. While expenses have increased by 16.5% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECOVERS HUMAN TISSUES AND PROVIDES THEM TO LEADING TISSUE PROCESSING COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Hopkins President & CEO | 40 | $425,000 | |
Jack Bovay Trustee | 15 | $40,000 | |
Thomas Brewer Trustee | 15 | $40,000 | |
Sandra Mccann Executive VP & COO | 40 | $346,432 | |
Jon Kurtz Trustee | 15 | $20,000 | |
William Cassarly VP Of Operations | 40 | $175,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $303,340 |
| Net Rental Income | $4,200 |
| Net Gain on Sale of Assets | -$42,660 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $76,007 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,145,787 |
| Total Revenue | $20,410,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $425,000 |
| Other employee salaries and wages | $2,160,828 |
| Pension plans, employee benefits | $686,680 |
| Interest | $0 |
| Taxes | $253,709 |
| Depreciation | $102,081 |
| Occupancy | $616,864 |
| Travel, conferences, and meetings | $128,531 |
| Printing and publications | $0 |
| Other expenses | $10,307,649 |
| Total operating and administrative expenses | $15,273,251 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,273,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,875,046 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,307,430 |
| 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 | $3,304,775 |
| Prepaid expenses and deferred charges | $264,674 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $473,773 |
| Other assets | $18,812 |
| Total assets | $25,624,533 |
| Accounts payable and accrued expenses | $345,192 |
| 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 | $3,790,001 |
| Total liabilities | $4,135,193 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lions World Vision Institute Inc Tampa, FL | $36,401,259 | $30,316,116 |
Regenerative Biologics Inc Gainesville, FL | $25,624,533 | $20,410,687 |
Advancing Sight Network Birmingham, AL | $17,064,797 | $13,551,297 |
Florida Tissue Services Inc Pensacola, FL | $131,767 | $2,958,783 |
Florida Lions Eye Bank Inc Miami, FL | $19,559,496 | $4,260,143 |
Leading Ladies Inc Miami, FL | $23,068 | $0 |
Georgia Extension 4-H Foundation Griffin, GA | $86,184 | $0 |
Multicultural Miracle Donor Foundation Fort Lauderdale, FL | $6,442 | $0 |