Asapbio
- Assets
- $1.1m
- Revenue
- $731.0k
- Investments
- $0.0
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4921243
Organization Overview
Asapbio is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Asapbio 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, Asapbio generated $731.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $306.8k during the year ending 12/2021. 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
ASAPBIO CONTINUED TO PROMOTE THE PRODUCTIVE USE OF PREPRINTS & OPEN PEER REVIEW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASAPBIO CATALYZED THE PRODUCTIVE USE OF PREPRINTS BY 1) CONVENING A WORKSHOP AND FOLLOW-UP WORKING GROUPS TO IDENTIFY TECHNICAL PRACTICES TO BUILD TRUST IN PREPRINTS, 2) DEVELOPING NEW RESOURCES, SUCH AS INFOGRAPHICS, ARTICLES, WEBINARS, AND PROJECTS ON PREPRINT FEEDBACK AND PREPRINTS IN THE COVID-19 PANDEMIC, AND 3) CONTINUING OUR COMMUNITY PROGRAMS, INCLUDING A HIGHLY-STRUCTURED TRAINING PROGRAM TO EMPOWER RESEARCHERS AND OTHER STAKEHOLDERS TO ADVOCATE FOR PREPRINTS IN THEIR OWN INSTITUTIONS AND FIELDS.ASAPBIO MAINTAINED A REGISTRY OF INNOVATIVE PEER REVIEW PROJECTS.ASAPBIO COLLABORATED WITH EMBO ON REVIEW COMMONS, A JOURNAL-INDEPENDENT REVIEW SERVICE. PRELIMINARY EVALUATION SUGGESTS THAT THIS EXPERIMENTAL APPROACH TO REVIEW SAVES AUTHORS, REVIEWERS, AND EDITORS TIME AND LEADS TO A MORE CONSTRUCTIVE REVIEW PROCESS AND THE PUBLIC RELEASE OF REFEREED PREPRINTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Polka Executive Director | Officer | 40 | $110,000 |
James Fraser Vice President | OfficerTrustee | 1 | $0 |
Prachee Avasthi President | OfficerTrustee | 1 | $0 |
Jennifer Lin Secretary | OfficerTrustee | 1 | $0 |
Iain Cheeseman Treasurer | OfficerTrustee | 1 | $0 |
Dyche Mullins 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 | $650,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,000 |
| Total Program Service Revenue | $80,956 |
| Investment income | $39 |
| 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 | $730,995 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $4,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,705 |
| Pension plan accruals and contributions | $4,400 |
| Other employee benefits | $4,524 |
| Payroll taxes | $18,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,872 |
| Advertising and promotion | $318 |
| Office expenses | $1,169 |
| Information technology | $1,281 |
| Royalties | $0 |
| Occupancy | $1,558 |
| Travel | $0 |
| 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 | $714 |
| Insurance | $2,164 |
| All other expenses | $1,648 |
| Total functional expenses | $306,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,856 |
| Savings and temporary cash investments | $106,960 |
| Pledges and grants receivable | $300,000 |
| 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 | $1,131,816 |
| Accounts payable and accrued expenses | $5,241 |
| 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 | $5,241 |
| Net assets without donor restrictions | $74,496 |
| Net assets with donor restrictions | $1,052,079 |
| 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 | $1,131,816 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asapbio has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Sciences | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Neuroscience Institute Foundation Santa Monica, CA | $44,018,934 | $3,212,704 |
Institute Of Noetic Sciences Petaluma, CA | $8,537,832 | $4,201,204 |
Center For Humane Technology San Francisco, CA | $2,666,587 | $2,332,710 |
Berkeley Geochronology Center Berkeley, CA | $3,272,746 | $1,536,625 |
Redwood Research Group Inc Berkeley, CA | $14,523,608 | $13,904,248 |
Foundation For Psycho-Cultural Research Pacific Palisades, CA | $13,036,074 | $1,164,013 |
Technology For Global Security Oakland, CA | $990,141 | $1,457,910 |
Dryad Davis, CA | $1,117,045 | $1,122,775 |
Human Biomolecular Research San Diego, CA | $4,701,107 | $636,157 |
Oarc Inc Belmont, CA | $1,005,141 | $888,336 |
Scientific Being Research Foundation Inc San Diego, CA | $0 | $408,541 |
Larta Institute Los Angeles, CA | $3,232,560 | $530,097 |