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Nonprofiteer
← BIODESIGN CHALLENGE INC

Form 990 for tax year 2022

Filed by BIODESIGN CHALLENGE INC.

Totals

Total revenue
$493,641
Total expenses
$432,399
Contributions and grants received
$400,224
Grants paid
$0
Program service revenue
$93,417
Investment income
$0
Other revenue
$0
Total assets, end of year
$496,942
Total liabilities, end of year
$54,535
Net assets or fund balances, end of year
$442,407
Program services expenses (Part IX)
$357,233
Management and general expenses
$41,008
Fundraising expenses
$34,158
Program service expenses (Part III)
$357,233

Program services were 82.6% 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

    $400,224

  • 2a · Program service revenue: PROGRAM SERVICE FEE RE

    total $93,417 · related or exempt $93,417

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $106,891 · program services $85,513 · management and general $9,620 · fundraising $11,758

  • 7 · Other salaries and wages

    total $153,824 · program services $123,059 · management and general $13,844 · fundraising $16,921

  • 9 · Other employee benefits

    total $17,315 · program services $12,995 · management and general $1,963 · fundraising $2,357

  • 10 · Payroll taxes

    total $20,082 · program services $15,072 · management and general $2,277 · fundraising $2,733

  • 11c · Fees: accounting

    total $7,750 · management and general $7,750

  • 11g · Fees: other

    total $72,239 · program services $72,239

  • 12 · Advertising and promotion

    total $1,336 · program services $1,336

  • 14 · Information technology

    total $2,388 · program services $2,388

  • 16 · Occupancy

    total $14,975 · program services $14,975

  • 17 · Travel

    total $3,270 · program services $2,938 · fundraising $332

  • 23 · Insurance

    total $946 · program services $832 · management and general $57 · fundraising $57

  • 24a · Other expenses: BOOK PRINTING & DISTRIB

    total $18,934 · program services $18,934

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $7,152 · program services $6,794 · management and general $358

  • 24c · Other expenses: MERCHANT PROCESSING FEE

    total $5,139 · management and general $5,139

  • 24d · Other expenses: OTHER BUSINESS EXPENSE

    total $158 · program services $158

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $423,961 · end of year $424,230

  • 3 · Pledges and grants receivable

    beginning of year $31,712 · end of year $31,712

  • 4 · Accounts receivable

    end of year $41,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $210

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,172 · end of year $11,416

  • 19 · Deferred revenue

    beginning of year $62,546 · end of year $43,119

  • 27 · Net assets without donor restrictions

    beginning of year $237,414 · end of year $235,083

  • 28 · Net assets with donor restrictions

    beginning of year $143,751 · end of year $207,324

Mission and programs · 2022

Mission

BIODESIGN CHALLENGE IS AN ORGANIZATION THAT BRINGS ARTISTS, DESIGNERS AND BIOLOGISTS TOGETHER TO PRODUCE COLLABORATIVE PROJECTS. EACH YEAR, WE PARTNER SCIENTISTS, ARTISTS, AND DESIGNERS TO ENVISION TRANSFORMATIONAL APPLICATIONS IN BIOTECH.

Activities or mission (Part I)

TO BRING ARTISTS, DESIGNERS AND BIOLOGISTS TOGETHER TO PRODUCE COLLABORATIVE PROJECTS

  • THROUGHOUT THE SPRING OUR ORGANIZERS WORK WITH UNIVERSITY INSTRUCTORS TO DESIGN CURRICULA, PARTNER WITH SCIENTISTS, AND MENTOR STUDENTS AS THEY DEVELOP THEIR PROJECTS. EVERY JUNE, THE TEAMS, INCLUDING UNIVERSITY STUDENTS AND PROFESSIONAL SCIENTISTS, GATHER AT OUR CONFERENCE TO SHOWCASE PROJECTS BEFORE ESTEEMED JUDGES AND AUDIENCES FROM ACADEMIA, INDUSTRY, AND MUSEUMS TO SHOWCASE THEIR INNOVATIVE IDEAS.TEAMS PROTOTYPE NEW IDEAS IN MEDICINE, TEXTILES, BEAUTY, FOOD, MANUFACTURING, AND MORE. BIODESIGN CHALLENGE BRIDGES ART, DESIGN, AND BIOTECH TO HELP DEVELOP THE FIRST GENERATION OF PROFESSIONALS THAT CROSS DISCIPLINES, ANTICIPATE PROMISES AND PITFALLS, AND ENGAGE THE PUBLIC IN DIALOGUE ABOUT THE BROADER IMPLICATIONS OF EMERGING BIOTECH.AS PART OF OUR SUPPORT FOR PARTICIPANTS, WE CONNECT TEAMS WITH OPPORTUNITIES WITH MUSEUMS, GALLERIES, INVESTORS, AND ACCELERATOR PROGRAMS. THROUGH THESE CONNECTIONS PROJECTS HAVE BOTH EVOLVED INTO STARTUP COMPANIES AND EXHIBITS AT VENUES AROUND THE WORLD, INCLUDING LONDON DESIGN FESTIVAL, MUSEUM OF MODERN ART, DUTCH DESIGN WEEK, NYCXDESIGN, MIT MEDIA LAB, TECH MUSEUM OF INNOVATION, RISD BIODESIGN EXHIBITION, FIT MUSEUM, THE GREGG, AMONG OTHERS. TEAMS HAVE ALSO GONE ON TO WIN PRESTIGIOUS PRIZES LIKE THE NATIONAL GEOGRAPHIC CHASING GENIUS AWARD AND INTERNATIONAL BIOART AND DESIGN AWARD.

    Expenses $357,233 · Revenue $493,641

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

Listed in Part VII

  • Joanne Deluca

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Orkan Telhan

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Alison Irvine

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Daniel Grushkin

    EXECUTIVE DIRECTOR

    Total calculated
    $119,756
    From this org
    $106,891
    From related orgs
    $0
    Other
    $12,865
    Hours/week
    40
  • Karen Hogan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dondenna Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nathan Allen

    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
17 May 2023
IRS schema version
2022v5.0
Source object
202331379349300233

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