Totals
- Total revenue
- $12,040,208
- Total expenses
- $3,139,554
- Contributions and grants received
- $0
- Grants paid
- $3,000,000
- Program service revenue
- $0
- Investment income
- $12,040,208
- Other revenue
- $0
- Total assets, end of year
- $299,620,904
- Total liabilities, end of year
- $2,037,637
- Net assets or fund balances, end of year
- $297,583,267
- Program services expenses (Part IX)
- $3,000,000
- Management and general expenses
- $139,554
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,000,000
Program services were 95.6% 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.
-
3 · Investment income
total $13,687,186 · related or exempt $0 · unrelated business $0 · excluded $13,687,186
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $219,394,066
-
7b · Less cost or other basis and sales expenses
securities $221,041,044
-
7c · Gain or loss
securities -$1,646,978
-
7d · Net gain or loss
total -$1,646,978 · related or exempt $0 · unrelated business $0 · excluded -$1,646,978
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,000,000 · program services $3,000,000
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $139,554 · program services $0 · management and general $139,554 · fundraising $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,500 · end of year $17,500
-
2 · Savings and temporary cash investments
beginning of year $71,235,372 · end of year $48,985,020
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $156,484,811 · end of year $178,390,397
-
12 · Investments: other securities
beginning of year $36,604,429 · end of year $69,727,987
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $2,500,000 · end of year $2,500,000
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $2,037,637 · end of year $2,037,637
-
27 · Net assets without donor restrictions
beginning of year $264,804,475 · end of year $297,583,267
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
BIONEXUS IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (OR CORRESPONDING PROVISIONS OF ANY SUBSEQUENT FEDERAL TAX LAWS); WITHIN SUCH LIMITS, TO SUPPORT THE EDUCATIONAL AND SCIENTIFIC MISSION OF THE AMERICAN TYPE CULTURE COLLECTION.
Activities or mission (Part I)
BIONEXUS IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES; TO SUPPORT THE EDUCATIONAL AND SCIENTIFIC MISSION OF ATCC.
-
COLLECTIONS, RESEARCH AND INFORMATICS SERVICES: A 98 YEAR OLD ONGOING PROGRAM FOR THE ISOLATION, COLLECTION, ACQUISITION AND PROVISION OF AUTHENTIC CULTURES OF LIVING MICROORGANISMS, HUMAN, ANIMAL AND PLANT CELLS, DERIVATIVES INCLUDING GENETIC MATERIALS AND RELATED BIOPRODUCTS IN SUPPORT OF SCIENCE. THE COLLECTION'S SIZE WAS WELL OVER 100,000 STRAINS AND DNA AND RDNA MATERIALS, AND OVER 300,000 BIOLOGICAL ITEMS WERE DISTRIBUTED TO THOUSANDS OF SCIENTISTS WORLDWIDE. IN ADDITION TO THE MATERIALS, ATCC MAINTAINS EXTENSIVE INFORMATION ABOUT THE SPECIMENS, AND RELATED PRESERVATION AND LAB TECHNIQUES THERETO, IN THE COLLECTIONS. THIS INFORMATION IS MADE AVAILABLE TO THE SCIENTIFIC COMMUNITY THROUGH PUBLICATIONS AND THE EXTENSIVE ATCC INTERNET WEB SITE.
Expenses $3,000,000 · Grants $3,000,000
-
PROFESSIONAL SERVICES: THIS PROGRAM ENCOMPASSES SEVERAL ACTIVITIES RELATED TO THE SUPPORT OF THE ATCC COLLECTIONS, PROVIDING SPECIAL SUPPORT SERVICES TO THE SCIENTIFIC COMMUNITY (1) APPLIED SCIENCES: PROVIDES EXPERT TECHNICAL SUPPORT TO THE SCIENTIFIC COMMUNITY TO PROPERLY IDENTIFY, HANDLE OR OTHERWISE UTILIZE BIOLOGICAL MATERIALS. THESE ACTIVITIES INCLUDE LABORATORY, PROFESSIONAL CONSULTATION, OR TECHNICAL MANAGEMENT SERVICES. (2) PATENT DEPOSIT SERVICES: ATCC PROVIDES STORAGE FACILITIES FOR SAFEGUARDING CULTURES DEPOSITED FOR PATENT PURPOSES. UNDER THE USPTO RULES THESE DEPOSITS MUST BE MADE AVAILABLE, ON ISSUANCE OF THE PATENT, TO FURTHER ENHANCE SCIENTIFIC RESEARCH. ATCC PROVIDES SAFEKEEPING OF THE CULTURES AND DISTRIBUTION TO THE RESEARCH SCIENTISTS.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Raymond H CypessRAYMOND H CYPESS
CHAIRMAN/PRES/BOARD MEMBER
- Total calculated
- $2,258,000
- From this org
- $0
- From related orgs
- $2,193,354
- Other
- $64,646
- Hours/week
- 0.6 + 38.7 related
Schedule J breakdown matched by us
- Base
- $0 + $1,566,573 related
- Bonus
- $0 + $449,400 related
- Other
- $0 + $177,381 related
- Deferred
- $0 + $42,204 related
- Nontaxable benefits
- $0 + $22,442 related
- Filer's total
- $0 + $2,258,000 related
-
Ruth ChengRUTH CHENG
ASST SEC./CSIO (FROM 11/2023)
- Total calculated
- $569,642
- From this org
- $0
- From related orgs
- $499,575
- Other
- $70,067
- Hours/week
- 0.6 + 38.7 related
Schedule J breakdown matched by us
- Base
- $0 + $387,227 related
- Bonus
- $0 + $105,000 related
- Other
- $0 + $7,348 related
- Deferred
- $0 + $31,675 related
- Nontaxable benefits
- $0 + $38,392 related
- Filer's total
- $0 + $569,642 related
-
Therese SellarsTHERESE SELLARS
ASST SEC./VP HR/CPO
- Total calculated
- $467,992
- From this org
- $0
- From related orgs
- $402,648
- Other
- $65,344
- Hours/week
- 0.6 + 38.7 related
Schedule J breakdown matched by us
- Base
- $0 + $324,738 related
- Bonus
- $0 + $77,910 related
- Other
- $0
- Deferred
- $0 + $30,115 related
- Nontaxable benefits
- $0 + $35,229 related
- Filer's total
- $0 + $467,992 related
-
Gregory FortonGREGORY FORTON
CFO (UNTIL 04/2023)
- Total calculated
- $465,872
- From this org
- $0
- From related orgs
- $443,205
- Other
- $22,667
- Hours/week
- 0.6 + 38.7 related
Schedule J breakdown matched by us
- Base
- $0 + $165,668 related
- Bonus
- $0 + $85,000 related
- Other
- $0 + $192,537 related
- Deferred
- $0 + $13,185 related
- Nontaxable benefits
- $0 + $9,482 related
- Filer's total
- $0 + $465,872 related
-
Scott BollerSCOTT BOLLER
ASST TRE/CFO/VP (FROM 03/2023)
- Total calculated
- $273,711
- From this org
- $0
- From related orgs
- $248,166
- Other
- $25,545
- Hours/week
- 0.6 + 38.7 related
Schedule J breakdown matched by us
- Base
- $0 + $248,166 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $23,545 related
- Nontaxable benefits
- $0 + $2,000 related
- Filer's total
- $0 + $273,711 related
-
Steve KaminskySTEVE KAMINSKY
BOARD MEMBER
- Total calculated
- $27,000
- From this org
- $0
- From related orgs
- $27,000
- Other
- $0
- Hours/week
- 0.6 + 1.2 related
-
Lydia Villa-KomaroffLYDIA VILLA-KOMAROFF
BOARD MEMBER (UNTIL 07/2023)
- Total calculated
- $24,500
- From this org
- $0
- From related orgs
- $24,500
- Other
- $0
- Hours/week
- 0.6 + 1.2 related
-
Heather KiesslingHEATHER KIESSLING
TREASURER
- Total calculated
- $23,750
- From this org
- $0
- From related orgs
- $23,750
- Other
- $0
- Hours/week
- 0.6 + 1.8 related
-
Melissa RewolinskiMELISSA REWOLINSKI
BOARD MEMBER/SECRETARY
- Total calculated
- $22,250
- From this org
- $0
- From related orgs
- $22,250
- Other
- $0
- Hours/week
- 0.6 + 1.8 related
-
Leslie LenertLESLIE LENERT
BOARD MEMBER
- Total calculated
- $21,750
- From this org
- $0
- From related orgs
- $21,750
- Other
- $0
- Hours/week
- 0.6 + 1.2 related
-
Frank SimonieFRANK SIMONIE
BOARD MEMBER
- Total calculated
- $2,000
- From this org
- $0
- From related orgs
- $2,000
- Other
- $0
- Hours/week
- 0.6
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
- 4a · Severance or change-of-control payment
Answered no
- 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
The filer's explanations (Part III)
- PART I, LINE 3:
- ALL OF BIONEXUS FOUNDATION'S OFFICERS AND DIRECTORS ARE COMPENSATED DIRECTLY BY THE AMERICAN TYPE CULTURE COLLECTION, A SUPPORTED ORGANIZATION AND COMMON PAYMASTER OF BIONEXUS FOUNDATION. HOWEVER, AS ATCC'S PARENT, ATCC GLOBAL RETAINS THE RIGHT TO APPROVE EXECUTIVE AND DIRECTOR COMPENSATION. THE EXECUTIVE COMMITTEE OF THE BIONEXUS FOUNDATION BOARD OF DIRECTORS REVIEWS RECOMMENDATIONS BY THE CEO OF ATCC AND GIVES FINAL APPROVAL FOR THE OVERALL COMPENSATION PROGRAMS FOR ATCC. THESE PROGRAMS MAY INCLUDE MARKET AND RANGE ADJUSTMENTS, MERIT INCREASES, BONUSES, AND BENEFITS. A THIRD-PARTY ANALYSIS OF TOTAL EXECUTIVE COMPENSATION WAS COMPLETED IN DECEMBER 2022. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR THE CEO AND EXECUTIVES USING DATA FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS WITHIN SIMILAR INDUSTRIES. DOCUMENTATION OF SUCH DISCUSSIONS AND DECISIONS AND RELATED APPROVALS ARE PROVIDED TO THE VP, HUMAN RESOURCES/CHIEF PEOPLE OFFICER FOR RECORDKEEPING.
- PART I, LINE 4A:
- THE INDIVIDUALS DESCRIBED BELOW RECEIVED A SEVERANCE PAYMENT. THE AMOUNT OF THE SEVERANCE PAYMENT IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III): GREGORY FORTON: $192,537
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
-
AMERICAN TYPE CULTURE COLLECTION
$3,000,000
GENERAL SUPPORT
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.
-
AMERICAN TYPE CULTURE COLLECTION
501(C)(3) · SCIENCE RSRCH · DC
Directly controlled by ATCC GLOBAL
-
501(C)(3) · SUPPORT ATCC · DC
Directly controlled by NA
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ATCC CELL SYSTEMS INC
C CORP · LAB SERVICES · VA · share of income $0 · share of assets $0
Directly controlled by ATCC GLOBAL
-
BIO ESSENTIALS LTD
C CORP · ADMIN · UK · share of income $0 · share of assets $0
Directly controlled by ATCC GLOBAL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413209349305816
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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