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Nonprofiteer
← BIO VENTURES FOR GLOBAL HEALTH

Form 990 for tax year 2022

Filed by BIO VENTURES FOR GLOBAL HEALTH.

Totals

Total revenue
$1,971,687
Total expenses
$2,227,074
Contributions and grants received
$1,971,618
Grants paid
$58,320
Program service revenue
$0
Investment income
$69
Other revenue
$0
Total assets, end of year
$5,354,552
Total liabilities, end of year
$480,598
Net assets or fund balances, end of year
$4,873,954
Program services expenses (Part IX)
$1,541,955
Management and general expenses
$287,071
Fundraising expenses
$398,048
Program service expenses (Part III)
$1,541,955

Program services were 69.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,971,618

  • 3 · Investment income

    total $69 · excluded $69

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $58,320 · program services $58,320

  • 5 · Compensation of officers, directors and key employees

    total $646,645 · program services $470,757 · management and general $46,559 · fundraising $129,329

  • 7 · Other salaries and wages

    total $929,610 · program services $676,757 · management and general $66,932 · fundraising $185,921

  • 8 · Pension plan contributions

    total $24,847 · program services $18,089 · management and general $1,789 · fundraising $4,969

  • 9 · Other employee benefits

    total $102,778 · program services $74,822 · management and general $7,400 · fundraising $20,556

  • 10 · Payroll taxes

    total $114,331 · program services $83,233 · management and general $8,232 · fundraising $22,866

  • 11b · Fees: legal

    total $10,754 · management and general $10,754

  • 11c · Fees: accounting

    total $17,094 · management and general $13,675 · fundraising $3,419

  • 11g · Fees: other

    total $8,987 · program services $4,796 · management and general $2,394 · fundraising $1,797

  • 13 · Office expenses

    total $4,169 · program services $411 · management and general $1,712 · fundraising $2,046

  • 14 · Information technology

    total $6,599 · program services $2,257 · management and general $2,277 · fundraising $2,065

  • 16 · Occupancy

    total $105,595 · management and general $84,476 · fundraising $21,119

  • 17 · Travel

    total $7,813 · program services $6,005 · fundraising $1,808

  • 19 · Conferences, conventions and meetings

    total $1,266 · program services $69 · management and general $751 · fundraising $446

  • 22 · Depreciation, depletion and amortization

    total $8,082 · management and general $8,082

  • 23 · Insurance

    total $5,309 · management and general $5,309

  • 24a · Other expenses: PROGRAM COSTS

    total $142,274 · program services $142,274

  • 24b · Other expenses: SETTLEMENT EXPENSE

    total $21,125 · management and general $21,125

  • 24c · Other expenses: LICENSES & FEES

    total $8,739 · program services $3,412 · management and general $3,620 · fundraising $1,707

  • 24d · Other expenses: MISCELLANEOUS

    total $2,737 · program services $753 · management and general $1,984

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,712,478 · end of year $3,099,530

  • 2 · Savings and temporary cash investments

    beginning of year $258,123

  • 3 · Pledges and grants receivable

    beginning of year $3,321,026 · end of year $1,971,448

  • 4 · Accounts receivable

    end of year $3,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $581 · end of year $241

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

    $56,863

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

    $47,440

  • 10c · Land, buildings and equipment, net

    beginning of year $17,506 · end of year $9,423

  • 15 · Other assets

    beginning of year $8,560 · end of year $269,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $188,933 · end of year $198,106

  • 25 · Other liabilities

    beginning of year $0 · end of year $282,492

  • 27 · Net assets without donor restrictions

    beginning of year $1,807,562 · end of year $2,886,735

  • 28 · Net assets with donor restrictions

    beginning of year $3,321,779 · end of year $1,987,219

Mission and programs · 2022

Mission

BVGH IS A RESULTS-ORIENTED NONPROFIT ORGANIZATION DEDICATED TO SOLVING GLOBAL HEALTH ISSUES BY FORMING CONNECTIONS BETWEEN PEOPLE, RESOURCES AND IDEAS.

  • AFRICAN ACCESS INITIATIVE (AAI) - THE AFRICAN ACCESS INITIATIVE (AAI) IS A PARTNERSHIP OF COMPANIES, GOVERNMENTS, HEALTHCARE PROVIDERS, AND NGOS FOCUSED ON SUSTAINABLY EXPANDING ACCESSTO CANCER MEDICINES AND TECHNOLOGIES, IMPROVING HEALTHCAREINFRASTRUCTURE, AND BUILDING CLINICAL AND R&D CAPACITY IN AFRICA.

    Expenses $1,350,134 · Grants $58,320

  • OTHER PROGRAMS - BVGH ENGAGES IN VARIOUS ACTIVITIES AROUND CAPACITY BUILDING IN LOW AND MIDDLE INCOME COUNTRIES (LMICS). BVGH COORDINATES AND MANAGES THE PLACEMENT OF INDUSTRY AND ACADEMIC SCIENTISTS AT LMIC INSTITUTES, AS WELL AS LMIC RESEARCHERS AT COMPANIES AND UNIVERSITIES, FOR SCIENTIFIC FELLOWSHIPS AND SABBATICALS. IN ADDITION, BVGH MANAGES THE PLACEMENT OF GENTLY USED LABORATORY EQUIPMENT AT RESEARCH INSTITUTIONS IN LMICS TO ENHANCE IN-COUNTRY R&D AND PATIENT TREATMENT CAPABILITIES.

    Expenses $145,984

  • WIPO RE:SEARCH - WIPO RE:SEARCH IS A GLOBAL CONSORTIUM FOUNDED BY BVGH, THE WORLD INTELLECTUAL PROPERTY ORGANIZATION (WIPO) AND LEADING PHARMACEUTICAL COMPANIES. THE AIM OF THE CONSORTIUM IS TO ACCELERATE THE DEVELOPMENT OF NEW DRUGS, VACCINES, AND DIAGNOSTICS FOR NEGLECTED TROPICAL DISEASES (NTDS), MALARIA, AND TUBERCULOSIS THROUGH THE SHARING OF INTELLECTUAL PROPERTY (IP).

    Expenses $45,837

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Greenwood

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ruth Atherton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Geraghty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Nevergole

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Leighton Read MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Damond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Serigne Magueye Gueye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wendy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Dent

    PRESIDENT & CEO

    Total calculated
    $462,601
    From this org
    $414,356
    From related orgs
    $0
    Other
    $48,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,450
    Bonus
    $89,906
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $32,995
    Filer's total
    $462,601

  • Dr Julie Gralow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katy Graef

    VICE PRESIDENT PROGRAMS

    Total calculated
    $184,044
    From this org
    $167,200
    From related orgs
    $0
    Other
    $16,844
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,200
    Bonus
    $0
    Other
    $0
    Deferred
    $8,360
    Nontaxable benefits
    $8,484
    Filer's total
    $184,044

  • Catheryne Manner

    VICE PRESIDENT

    Total calculated
    $162,487
    From this org
    $145,080
    From related orgs
    $0
    Other
    $17,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,080
    Bonus
    $0
    Other
    $0
    Deferred
    $7,254
    Nontaxable benefits
    $10,153
    Filer's total
    $162,487

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349325874

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