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Nonprofiteer
← CARILION BIOMEDICAL INSTITUTE

Form 990 for tax year 2022

Filed by CARILION BIOMEDICAL INSTITUTE.

Totals

Total revenue
$6,423
Total expenses
$6,733
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$6,421
Other revenue
$2
Total assets, end of year
$691,493
Total liabilities, end of year
$2,940
Net assets or fund balances, end of year
$688,553
Program services expenses (Part IX)
$4,714
Management and general expenses
$2,019
Fundraising expenses
$0
Program service expenses (Part III)
$4,714

Program services were 70.0% 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.

  • 3 · Investment income

    total $6,421 · excluded $6,421

  • 11a · Other revenue: OTHER

    total $2 · related or exempt $2

  • 11e · Other revenue, total

    $2

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,157 · program services $2,210 · management and general $947

  • 11g · Fees: other

    total $264 · program services $185 · management and general $79

  • 23 · Insurance

    total $3,312 · program services $2,319 · management and general $993

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $260,057 · end of year $591,493

  • 12 · Investments: other securities

    end of year $100,000

  • 15 · Other assets

    beginning of year $400,249 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,723 · end of year $2,940

  • 27 · Net assets without donor restrictions

    beginning of year $657,583 · end of year $688,553

Mission and programs · 2022

Mission

CBI'S GOALS ARE TO BECOME A WORLD-CLASS BIOMEDICAL SCIENCE, ENGINEERING AND TECHNOLOGY INSTITUTE, FOCUSED ON RESEARCH AND DEVELOPMENT, PROVIDING SERVICES AND SUPPORT TO CARILION CLINIC, VIRGINIA TECH AND UNIVERSITY OF VIRGINIA, AND TO IMPROVE HEALTHCARE BOTH IN THE UNITED STATES OF AMERICA AND GLOBALLY.

Activities or mission (Part I)

CBI'S GOALS ARE TO BECOME A WORLD-CLASS BIOMEDICAL SCIENCE, ENGINEERING AND TECHNOLOGY INSTITUTE, FOCUSED ON RESEARCH AND DEVELOPMENT, PROVIDING SERVICES AND SUPPORT TO VIRGINIA TECH AND CARILION CLINIC, AND TO IMPROVE HEALTHCARE BOTH IN THE UNITED STATES OF AMERICA AND GLOBALLY.

  • RESEARCH AND DEVELOPMENT OF CORE BIOMEDICAL SERVICES IN THE SUPPORT OF CARILION CLINIC, VIRGINIA TECH AND UNIVERSITY OF VIRGINIA AND TO IMPROVE WORLDWIDE HEALTHCARE.

    Expenses $4,714 · Revenue $6,158

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

Listed in Part VII

  • Nancy H Agee

    DIRECTOR

    Total calculated
    $1,687,971
    From this org
    $0
    From related orgs
    $2,186,283
    Other
    -$498,312
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,567,773 related
    Bonus
    $0 + $358,583 related
    Other
    $0 + $259,927 related
    Deferred
    $0 + -$512,258 related
    Nontaxable benefits
    $0 + $13,946 related
    Filer's total
    $0 + $1,687,971 related

  • Donald B Halliwill

    DIRECTOR

    Total calculated
    $850,652
    From this org
    $0
    From related orgs
    $988,973
    Other
    -$138,321
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $745,723 related
    Bonus
    $0 + $125,641 related
    Other
    $0 + $117,609 related
    Deferred
    $0 + -$159,617 related
    Nontaxable benefits
    $0 + $21,296 related
    Filer's total
    $0 + $850,652 related

  • G Robert Vaughan Jr

    BOARD CHAIRMAN, PRESIDENT

    Total calculated
    $155,807
    From this org
    $0
    From related orgs
    $409,821
    Other
    -$254,014
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,967 related
    Bonus
    $0 + $44,219 related
    Other
    $0 + $23,635 related
    Deferred
    $0 + -$275,310 related
    Nontaxable benefits
    $0 + $21,296 related
    Filer's total
    $0 + $155,807 related

  • Beth A Harber

    SECRETARY/TREASURER

    Total calculated
    $42,248
    From this org
    $0
    From related orgs
    $80,125
    Other
    -$37,877
    Hours/week
    1 + 40 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
ADDITIONAL INFORMATION FOR SCHEDULE J, LINE 4B: MR. HALLIWILL RECEIVED $113,415 AND MR. VAUGHAN RECEIVED $19,258 IN PAYOUTS FROM A DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (DC SERP) TO WHICH THEIR EMPLOYER, AT THE DISCRETION OF CARILION CLINIC'S COMPENSATION COMMITTEE, MAKES A CONTRIBUTION. AMOUNTS VEST AND BECOME NON-FORFEITABLE AND PAYABLE UPON VESTING. IF AN INDIVIDUAL REACHES AGE AND YEARS OF SERVICE REQUIREMENTS, CONTRIBUTIONS ARE NO LONGER DEFERRED. UNVESTED CONTRIBUTIONS MADE TO THE DC SERP IN THE REPORTING PERIOD ARE INCLUDED IN PART II, COLUMN C OF THIS SCHEDULE WITH "RETIREMENT AND OTHER DEFERRED COMPENSATION," WHILE VESTED CONTRIBUTIONS PAID OUT DURING THE YEAR ARE INCLUDED IN PART II, COLUMN B(III). MS. AGEE PARTICIPATES IN AN EXECUTIVE FLEXIBLE BENEFIT PLAN, UNDER WHICH SHE RECEIVED AN ALLOWANCE OF $245,365 IN THE REPORTING YEAR TO OBTAIN CERTAIN BENEFITS, WITH THE EXCESS DEFERRED UNTIL THE VESTING DATE. AMOUNTS NOW RECEIVED UNDER THIS PLAN IMMEDIATELY VEST AND THUS ARE NO LONGER DEFERRED.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INSTITUTE INNOVATIONS LLC

    MEDICAL RESEARCH & DEVELOPMENT · VA · income $6,421 · assets $437,686

    Directly controlled by CARILION BIOMEDICAL INSTITUTE INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202442289349302374

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