Totals
- Total revenue
- $6,470,980
- Total expenses
- $5,868,016
- Contributions and grants received
- $6,341,567
- Grants paid
- $3,388,470
- Program service revenue
- $0
- Investment income
- $22,945
- Other revenue
- $106,468
- Total assets, end of year
- $8,778,210
- Total liabilities, end of year
- $162,565
- Net assets or fund balances, end of year
- $8,615,645
- Program services expenses (Part IX)
- $4,938,424
- Management and general expenses
- $333,630
- Fundraising expenses
- $595,962
- Program service expenses (Part III)
- $4,938,424
Program services were 84.2% 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.
-
1e · Government grants (contributions)
$876,638
-
1f · All other contributions, gifts and grants
$5,464,929
-
3 · Investment income
total $22,945 · related or exempt $22,945
-
11a · Other revenue: REALIZE GAIN FOREIGN CURRENCY
total $106,468 · related or exempt $106,468
-
11e · Other revenue, total
$106,468
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $105,153 · program services $105,153
-
3 · Grants to foreign organizations and individuals
total $3,283,317 · program services $3,283,317
-
7 · Other salaries and wages
total $850,352 · program services $341,371 · management and general $192,995 · fundraising $315,986
-
8 · Pension plan contributions
total $73,212 · program services $29,391 · management and general $16,616 · fundraising $27,205
-
10 · Payroll taxes
total $48,970 · program services $19,659 · management and general $11,114 · fundraising $18,197
-
11b · Fees: legal
total $132,508 · program services $114,949 · management and general $17,559
-
11c · Fees: accounting
total $5,600 · management and general $5,600
-
11g · Fees: other
total $25 · management and general $25
-
12 · Advertising and promotion
total $159,445 · fundraising $159,445
-
13 · Office expenses
total $14,938 · program services $5,717 · management and general $3,929 · fundraising $5,292
-
16 · Occupancy
total $54,948 · program services $25,038 · management and general $19,493 · fundraising $10,417
-
17 · Travel
total $103,075 · program services $56,691 · fundraising $46,384
-
19 · Conferences, conventions and meetings
total $21,758 · program services $1,840 · management and general $19,918
-
22 · Depreciation, depletion and amortization
total $12,537 · management and general $12,537
-
23 · Insurance
total $45,221 · program services $20,101 · management and general $15,326 · fundraising $9,794
-
24a · Other expenses: PATENT MAINTENANCE
total $501,837 · program services $501,837
-
24b · Other expenses: RESEARCH-DEVELOPMENT
total $238,853 · program services $238,853
-
24c · Other expenses: LICENSE EXPENSES
total $176,183 · program services $176,183
-
24d · Other expenses: OUTSIDE SERVICES
total $25,738 · program services $10,000 · management and general $15,738
-
24e · All other expenses
total $14,346 · program services $8,324 · management and general $2,780 · fundraising $3,242
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,185,586 · end of year $8,548,136
-
4 · Accounts receivable
beginning of year $147,863 · end of year $127,907
-
10a · Land, buildings and equipment: cost or other basis
$12,537
-
10b · Land, buildings and equipment: accumulated depreciation
$12,537
-
15 · Other assets
beginning of year $3,639,647 · end of year $102,167
-
17 · Accounts payable and accrued expenses
beginning of year $56,831 · end of year $59,992
-
18 · Grants payable
beginning of year $3,903,584 · end of year $48,825
-
25 · Other liabilities
end of year $53,748
-
31 · Retained earnings, endowment or other funds
beginning of year $8,012,681 · end of year $8,615,645
Mission and programs · 2022
Mission
SCIENTIFIC, RESEARCH AND EDUCATION
-
TWO BLADES SUPPORTS AND MANAGES PROGRAMS THAT ADVANCE SCIENTIFIC DISCOVERIES INTO PRACTICAL APPLICATIONS. TWO BLADES MANAGES A PORTFOLIO OF OWNED OR IN-LICENSED TECHNOLOGIES EMCOMPASSING SPECIFIC TRAITS AND ENABLING TECHNOLOGIES TO FIGHT PLANT DISEASE. TWO BLADES PAYS PATENT COSTS IN SUPPORT OF RESEARCH AND LICENSING AND PURSUES BUSINESS PARTNERS FOR DEVELOPMENT OF DISEASE RESISTANT PRODUCTS. IT ALSO MEETS WITH POTENTIAL PARTNER FOUNDATIONS TO DISCUSS CO-FUNDING OPPORTUNITIES. IT AWARDS RESEARCH GRANTS.
Expenses $4,938,424 · Grants $3,388,470
As filed on the 2022 return.
Listed in Part VII
-
Rob HorschROB HORSCH
DIRECTOR
- Total calculated
- $0
-
Diana M HorvathDIANA M HORVATH
PRESIDENT
- Total calculated
- $0
-
Eric WardERIC WARD
DIRECTOR
- Total calculated
- $0
-
Peter VanessePETER VANESSE
VICE PRESIDE
- Total calculated
- $0
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
-
UNIVERSITY OF MINNESOTA
$105,153
RESEARCH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313059349301131
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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