Global Biological Standards Institute Llc
- Assets
- $0.0
- Revenue
- $641.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- Data as of
- 12/2018
- EIN
- 61-1705421
Organization Overview
Global Biological Standards Institute Llc is located in Washington, DC. As of 12/2018, Global Biological Standards Institute Llc employed 4 individuals. Global Biological Standards Institute Llc 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 12/2018, Global Biological Standards Institute Llc generated $641.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (39.9%) each year. All expenses for the organization totaled $523.0k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (35.5%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLOBAL BIOLOGICAL STANDARDS INSTITUTE LLC ("GBSI") WAS DEDICATED TO ENHANCING THE QUALITY OF BIOMEDICAL RESEARCH BY ADVOCATING BEST PRACTICES AND STANDARDS TO ACCELERATE THE TRANSLATION OF RESEARCH BREAKTHROUGHS INTO LIFE-SAVING THERAPIES. GBSI PROVIDED A GLOBAL, INDEPENDENT FORUM FOR GOVERNMENT, INDUSTRY, ACADEMIA, AND OTHER STAKEHOLDERS TO INCREASE AWARENESS AND USE OF BEST PRACTICES AND STANDARDS THROUGHOUT THE RESEARCH PROCESS. GBSI SUPPORTS THE BIOMEDICAL RESEARCH COMMUNITY THROUGH FOUR PRIMARY CHANNELS: (1) INFLUENCING POLICY: SERVING AS INTERMEDIARIES BETWEEN FUNDING AGENCIES, ACADEMIA, AND INDUSTRY TO COLLABORATIVELY SOLVE PROBLEMS AND SHAPE POLICY; (2) CONVENING SCIENTIFIC COMMUNITIES OF INFLUENCE AND IMPACT: ASSEMBLING WORK GROUPS AND TASK FORCES TO GENERATE PRACTICAL SOLUTIONS TO THE MOST VEXING CHALLENGES TO RESEARCH INTEGRITY; (3) DEVELOPING WORLD-CLASS PROGRAMMING AND EDUCATION: CURRICULA AND TRAINING PROGRAMS COMBINING COMMUNITY BEST PRACTICES WITH CUTTING-EDGE METHODS; AND (4) SPONSORING AND PUBLISHING APPLIED RESEARCH: CONDUCTING BENCH MARKING STUDIES AND AGGREGATING BEST PRACTICES TO INFORM AND ENRICH THE COMMUNITIES WE SERVE AND THE RESEARCH THEY CONDUCT. THE ORGANIZATION CEASED OPERATIONS AND OFFICIALLY DISSOLVED ON DECEMBER 20, 2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond H Cypess Board Member | Trustee | 0.6 | $0 |
Louise Mawhinney Board Member / Treasurer | OfficerTrustee | 0.6 | $0 |
Leonard P Freedman Pres/board Mbr (until 08/2018) | OfficerTrustee | 37.5 | $185,769 |
Steve Kaminsky Board Member | Trustee | 0.6 | $0 |
Therese Sellars Asst Sec., Sr. Dir Hr | Officer | 0.6 | $0 |
John Sweeney Asst Treas/cfo/sr VP Fin&admin | Officer | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nancy J Kelley Associates Consulting | 12/30/17 | $283,900 |
Bespoke Consulting | 12/30/17 | $172,684 |
Vivian Siegel Consulting | 12/30/17 | $138,716 |
Eisneramper Llp Accounting And Tax | 12/30/17 | $110,627 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $577,795 |
| Government grants | $64,101 |
| 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 | $641,896 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $641,896 |
| 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. | $206,597 |
| Compensation of current officers, directors, key employees. | $206,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,001 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,572 |
| Advertising and promotion | $1,525 |
| Office expenses | $10,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,078 |
| Travel | $6,528 |
| 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 | $0 |
| Insurance | $3,195 |
| All other expenses | $0 |
| Total functional expenses | $523,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |