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Nonprofiteer
← SECUREBIO INC

Form 990 for tax year 2023

Filed by SECUREBIO INC.

What the amendment changed

Compared with the return it replaced , filed 22 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the later return

  • Daniel Rice
  • Jeffrey Kaufman
  • Tiffany Tzeng

Totals

Total revenue
$4,319,125
Total expenses
$2,853,790
Contributions and grants received
$4,245,450
Grants paid
$0
Program service revenue
$18,529
Investment income
$52,990
Other revenue
$2,156
Total assets, end of year
$4,855,240
Total liabilities, end of year
$140,051
Net assets or fund balances, end of year
$4,715,189
Program services expenses (Part IX)
$2,323,496
Management and general expenses
$530,294
Fundraising expenses
$0
Program service expenses (Part III)
$2,323,496

Program services were 81.4% 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

    $4,245,450

  • 1g · Noncash contributions included above

    $444,795

  • 2a · Program service revenue: program consulting

    total $18,529 · related or exempt $18,529

  • 3 · Investment income

    total $52,990 · excluded $52,990

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Income

    total $2,156 · excluded $2,156

  • 11e · Other revenue, total

    $2,156

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $8,400 · program services $8,400

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $621,430 · program services $474,010 · management and general $147,420

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $48,640 · program services $37,179 · management and general $11,461

  • 10 · Payroll taxes

    total $47,067 · program services $36,083 · management and general $10,984

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $119,898 · program services $15,858 · management and general $104,040

  • 11c · Fees: accounting

    total $31,709 · management and general $31,709

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,544,973 · program services $1,533,665 · management and general $11,308

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $138,707 · program services $28,092 · management and general $110,615

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $53,386 · program services $26,474 · management and general $26,912

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $7,477 · program services $6,692 · management and general $785

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $191,506 · program services $145,947 · management and general $45,559

  • 23 · Insurance

    total $1,825 · management and general $1,825

  • 24a · Other expenses: equipment & technology

    total $14,210 · program services $465 · management and general $13,745

  • 24b · Other expenses: meals

    total $9,484 · program services $1,032 · management and general $8,452

  • 24c · Other expenses: payroll processing fees

    total $6,560 · program services $5,110 · management and general $1,450

  • 24d · Other expenses: filing fees

    total $2,878 · program services $2,698 · management and general $180

  • 24e · All other expenses

    total $5,640 · program services $1,791 · management and general $3,849

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,562,780 · end of year $3,586,153

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $382,747

  • 4 · Accounts receivable

    end of year $18,529

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $1,093,369

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

    $225,558

  • 10c · Land, buildings and equipment, net

    beginning of year $699,074 · end of year $867,811

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,000 · end of year $140,051

  • 27 · Net assets without donor restrictions

    beginning of year $3,249,854 · end of year $3,579,633

  • 28 · Net assets with donor restrictions

    end of year $1,135,556

Mission and programs · 2023

Mission

To reduce catastrophic risks from novel biotechnologies by conducting research on pandemic prevention, detection, and mitigation.

  • As part of its SecureDNA project, the organization made significant progress in 2023 on its gene synthesis screening software. The team released an alpha version and prepared for a public beta launch. This free software offers best-in-class performance in screening criteria and runs against a continuously updated hazard database. SecureDNA uniquely integrates with both vendor order flows and benchtop synthesizers. The organization successfully tested with major manufacturers and collaborated with leading gene synthesis companies in the US and China. Two papers were prepared for submission to Nature, one on the screening system and another on its cryptographic architecture. These advancements further the organization's goal of securely monitoring synthetic DNA orders against various public health hazards.

    Expenses $1,342,801

  • As part of its work on the Nucleic Acid Observatory (NAO) project, the organization runs experiments to detect metagenomic sequences in wasterwater, with the ultimate aim of detecting new diseases before they grow exponentially in the community. In 2023, The NAO team conducted a major experiment, collecting wastewater samples from a prominent US airport and one of the nation's largest wastewater treatment plants. This rich dataset is slated for analysis in the coming year. The team expanded its research output, publishing a paper on pathogen abundance as a function of disease prevalence, building upon their previous report on the topic. Additionally, they released a paper on virus-like phagemids, which were designed and built in-house to experimentally characterize wastewater-based pathogen monitoring systems. To accelerate disease detection capabilities in wastewater, the organization initiated work on a more immediate NAO pilot project, focusing on specific pathogens rather than the full-scale, pathogen-agnostic approach of the primary NAO initiative.

    Expenses $752,022

  • As part of its work on the FAR-UVC project, the organization conducted an in-depth examination of the safety of far-UVC germicidal light throughout 2023. This comprehensive study involved convening a group of experts for both in-person and remote workshops over a 12-month period. The culmination of this extensive research was the release of a major paper on far-UVC safety, effectively concluding the organization's work on this project. While the organization designed a clinical study to further investigate the application of far-UVC technology, it determined that executing such a trial was not feasible given the available resources. This decision marked the completion of the organization's active involvement in the FAR-UVC research initiative.

    Expenses $108,255

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey Kaufman

    NAO Project Lead

    Total calculated
    $150,353
    From this org
    $144,989
    From related orgs
    $0
    Other
    $5,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,989
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,108
    Nontaxable benefits
    $1,256
    Filer's total
    $150,353
  • Tiffany Tzeng

    Operations Manager

    Total calculated
    $128,540
    From this org
    $116,071
    From related orgs
    $0
    Other
    $12,469
    Hours/week
    40
  • Daniel Rice

    Research Scientist

    Total calculated
    $124,382
    From this org
    $119,826
    From related orgs
    $0
    Other
    $4,556
    Hours/week
    40
  • Vaishnav Sunil

    Treasurer

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Benjamin Mueller

    Executive Dir.

    Total calculated
    $0
    Hours/week
    1
  • Kevin Esvelt

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • Sawyer Bernath

    Director

    Total calculated
    $0
    Hours/week
    0.5
  • William Bradshaw

    Secretary

    Total calculated
    $0
    Hours/week
    4

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

None.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349312686

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