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← BIOMEDICAL SCIENCE CAREERS PROJECT INC

Form 990 for tax year 2022

Filed by BIOMEDICAL SCIENCE CAREERS PROJECT INC.

Totals

Total revenue
$1,279,013
Total expenses
$719,177
Contributions and grants received
$1,251,289
Grants paid
$88,862
Program service revenue
$0
Investment income
$27,724
Other revenue
$0
Total assets, end of year
$2,524,624
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,524,624
Program services expenses (Part IX)
$560,173
Management and general expenses
$130,217
Fundraising expenses
$28,787
Program service expenses (Part III)
$560,173

Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $898,862

  • 1f · All other contributions, gifts and grants

    $352,427

  • 3 · Investment income

    total $27,724 · excluded $27,724

  • 8a · Fundraising events: gross income

    $157,337

  • 8a · Fundraising events: contributions included on line 1c

    $898,862

  • 8b · Fundraising events: direct expenses

    $157,337

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $88,862 · program services $88,862

  • 5 · Compensation of officers, directors and key employees

    total $98,702 · program services $77,975 · management and general $9,870 · fundraising $10,857

  • 7 · Other salaries and wages

    total $207,739 · program services $173,294 · management and general $25,284 · fundraising $9,161

  • 8 · Pension plan contributions

    total $138,202 · program services $113,405 · management and general $16,028 · fundraising $8,769

  • 11f · Fees: investment management

    total $8,841 · management and general $8,841

  • 11g · Fees: other

    total $12,980 · management and general $12,980

  • 13 · Office expenses

    total $383 · program services $260 · management and general $123

  • 16 · Occupancy

    total $35,572 · management and general $35,572

  • 17 · Travel

    total $1,200 · management and general $1,200

  • 19 · Conferences, conventions and meetings

    total $62,733 · program services $62,733

  • 22 · Depreciation, depletion and amortization

    total $6,617 · management and general $6,617

  • 23 · Insurance

    total $425 · management and general $425

  • 24a · Other expenses: OTHER EXPENSES

    total $39,263 · program services $26,699 · management and general $12,564

  • 24b · Other expenses: TEMPORARY STAFFING

    total $8,424 · program services $8,424

  • 24c · Other expenses: PRINTING

    total $8,000 · program services $7,682 · management and general $318

  • 24d · Other expenses: TELEPHONE

    total $1,016 · program services $691 · management and general $325

  • 24e · All other expenses

    total $218 · program services $148 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,023,853 · end of year $1,047,810

  • 2 · Savings and temporary cash investments

    beginning of year $76,302 · end of year $87,301

  • 3 · Pledges and grants receivable

    beginning of year $78,416 · end of year $105,565

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,053 · end of year $10,000

  • 10a · Land, buildings and equipment: cost or other basis

    $63,081

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,617

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $56,464

  • 11 · Investments: publicly traded securities

    beginning of year $647,074 · end of year $834,691

  • 12 · Investments: other securities

    beginning of year $265,542 · end of year $382,793

  • 27 · Net assets without donor restrictions

    beginning of year $1,792,403 · end of year $2,444,646

  • 28 · Net assets with donor restrictions

    beginning of year $329,837 · end of year $79,978

Mission and programs · 2022

Mission

TO ASSIST MINORITY STUDENTS TO ENTER CAREERS IN THE FIELDS OF MEDICINE AND BIOMEDICAL RESEARCH BY PROVIDING THEM WITH OPPORTUNITIES TO MEET WITH ESTABLISHED PROFESSIONALS IN THEIR CHOSEN CAREER FIELDS, CREATING MENTORING RELATIONSHIPS AND PROVIDING CAREER EDUCATIONAL ADVICE.

Activities or mission (Part I)

TO ASSIST MINORITY STUDENTS TO ENTER CAREERES IN THE FIELDS OF MEDICINE AND BIOMEDICAL RESEARCH BY PROVIDING THEM WITH OPPORTUNITIES TO MEET WITH ESTABLISHED PROFESSIONALS IN THEIR CHOSEN CAREER FIELDS, CREATING MENTORING RELATIONSHIPS AND PROVIDING CAREER EDUCATIONAL ADVICE.

  • 2022 CONFERENCES AND SEMINARS: THE EVENING OF HOPE WAS HELD MONDAY, OCTOBER 3, 2022 IN PERSON. IN ADDITION, BSCP ALSO HELD NEW ENGLAND SCIENCE SYMPOSIUM AND SKILLS WORKSHOPS FOR COLLEGE AND HIGH SCHOOL STUDENTS DURING THE YEAR.

    Expenses $471,311

  • SCHOLARSHIPS AWARDED TO 4 STUDENTS IN 2022. PORTION OF SCHOLARSHIPS PAID OUT TO 14 STUDENTS IN 2022. THE TOTAL PAID OUT IN SCHOLARSHIPS DURING 2022 WAS $23,742. THE COVID-19 RELIEF FUND WAS CREATED AND LAUNCHED JANUARY 2021 AND TRANSITIONED TO THE EDUCATIONAL RELIEF FUND IN 2022. EDUCATIONAL RELIEF FUND IS GIVEN TO CERTAIN BSCP MEMBERS UP TO $1,000 EACH. THE TOTAL PAID OUT IN 2022 WAS $65,120.

    Expenses $88,862 · Grants $88,862

As filed on the 2022 return.

Listed in Part VII

  • Hollie Desilva

    EXECUTIVE DIRECTOR

    Total calculated
    $136,463
    From this org
    $98,703
    From related orgs
    $0
    Other
    $37,760
    Hours/week
    35
  • James M Connolly

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Zoltan Csimma

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Joan Y Reede MD MPH Ms MBA

    PRESIDENT AND CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Gilda A Barabino PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Djade Soumana

    CLERK

    Total calculated
    $0
    Hours/week
    1
  • Andrew S Plump MD PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Sibold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Dambach CFA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dennis A Dean II PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Yvonne Greenstreet Mbchb MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Monica Grewal JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tuan Ha-Ngoc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Reshma Kewalramani MD Fasn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rafael Luna PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Arthor McGivern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David P Meeker MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • J Keith Motley PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lydia Villa-Komaroff PhD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Dana G Muir

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James C Mullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dennise A De Jess-Daz PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Saraswathy Sara V Nochur PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • April Khadijah Inniss MD Msc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 June 2023
IRS schema version
2022v5.0
Source object
202302219349300415

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