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Nonprofiteer
← FOUNDATION FOR BIOMEDICAL RESEARCH

Form 990 for tax year 2022

Filed by FOUNDATION FOR BIOMEDICAL RESEARCH.

Totals

Total revenue
$3,400,871
Total expenses
$896,468
Contributions and grants received
$511,735
Grants paid
$0
Program service revenue
$0
Investment income
$2,889,136
Other revenue
$0
Total assets, end of year
$17,068,301
Total liabilities, end of year
$289,309
Net assets or fund balances, end of year
$16,778,992
Program services expenses (Part IX)
$582,691
Management and general expenses
$178,758
Fundraising expenses
$135,019
Program service expenses (Part III)
$582,691

Program services were 65.0% 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.

  • 1f · All other contributions, gifts and grants

    $511,735

  • 3 · Investment income

    total $417,775 · excluded $417,775

  • 7a · Gross sales of assets other than inventory

    securities $15,179,602

  • 7b · Less cost or other basis and sales expenses

    securities $12,708,241

  • 7c · Gain or loss

    securities $2,471,361

  • 7d · Net gain or loss

    total $2,471,361 · related or exempt $2,471,361

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $406,296 · program services $280,549 · management and general $60,739 · fundraising $65,008

  • 9 · Other employee benefits

    total $36,813 · program services $25,420 · management and general $5,503 · fundraising $5,890

  • 10 · Payroll taxes

    total $30,469 · program services $21,039 · management and general $4,555 · fundraising $4,875

  • 11c · Fees: accounting

    total $52,604 · management and general $52,604

  • 12 · Advertising and promotion

    total $72,149 · program services $49,819 · management and general $10,786 · fundraising $11,544

  • 14 · Information technology

    total $8,086 · program services $5,583 · management and general $1,209 · fundraising $1,294

  • 16 · Occupancy

    total $128,805 · program services $88,940 · management and general $19,256 · fundraising $20,609

  • 19 · Conferences, conventions and meetings

    total $23,090 · program services $15,944 · management and general $3,452 · fundraising $3,694

  • 22 · Depreciation, depletion and amortization

    total $1,088 · program services $751 · management and general $163 · fundraising $174

  • 23 · Insurance

    total $26,917 · program services $18,586 · management and general $4,024 · fundraising $4,307

  • 24a · Other expenses: WEBSITE

    total $78,713 · program services $54,352 · management and general $11,767 · fundraising $12,594

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $8,461 · program services $5,842 · management and general $1,265 · fundraising $1,354

  • 24c · Other expenses: PRINTING

    total $8,316 · program services $5,742 · management and general $1,243 · fundraising $1,331

  • 24d · Other expenses: MISCELLANEOUS

    total $5,614 · program services $3,877 · management and general $839 · fundraising $898

  • 24e · All other expenses

    total $9,047 · program services $6,247 · management and general $1,353 · fundraising $1,447

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,020,533 · end of year $915,459

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

    $111,389

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

    $101,443

  • 10c · Land, buildings and equipment, net

    beginning of year $11,032 · end of year $9,946

  • 11 · Investments: publicly traded securities

    beginning of year $13,827,134 · end of year $15,928,216

  • 15 · Other assets

    beginning of year $27,944 · end of year $214,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,014 · end of year $77,620

  • 25 · Other liabilities

    beginning of year $0 · end of year $211,689

  • 27 · Net assets without donor restrictions

    beginning of year $19,747,629 · end of year $16,728,992

  • 28 · Net assets with donor restrictions

    beginning of year $50,000 · end of year $50,000

Mission and programs · 2022

Mission

CREATE AND DISSEMINATE EDUCATIONAL MATERIALS TO THE GENERAL PUBLIC, THE MEDIA, STUDENTS, AND THE RESEARCH COMMUNITY THAT DESCRIBES THE ESSENTIAL ROLE HUMANE AND RESPONSIBLE ANIMAL RESEARCH PLAYS IN CONTINUED MEDICAL PROGRESS.

Activities or mission (Part I)

CREATES & DISSEMINATES EDUCATIONAL MATERIALS TO THE GENERAL PUBLIC, THE MEDIA, STUDENTS AND THE RESEARCH COMMUNITY THAT DESCRIBES THE ESSENTIAL ROLE HUMANE AND RESPONSIBLE ANIMAL RESEARCH PLAYS IN CONTINUED MEDICAL PROGRESS.

  • MEDIA AND PUBLIC RELATIONS - THE FOUNDATION SERVES AS A SPOKESPERSON FOR THE COMMUNITY ON ANIMAL RESEARCH BY PROMOTING A PUBLIC UNDERSTANDING THROUGH VARIOUS MEDIA OUTLETS.

    Expenses $399,474

  • JOURNALS AND PAMPHLETS-THE FOUNDATION PUBLISHES VARIOUS JOURNALS AND PAMPHLETS DESIGNED TO EDUCATE PEOPLE AS TO THE BENEFITS PROVIDED BY BIOMEDICAL RESEARCH. PREPARES MATERIALS TO DISSEMINATE INFORMATION REGARDING ROLE OF BIOMEDICAL RESEARCH TO THE SCIENTIFIC COMMUNITY.

    Expenses $101,044

  • TRAVEL & MEETINGS-THE FOUNDATION PROMOTES THE IMPORTANCE OF BIOMEDICAL RESEARCH BY ATTENDING MEETINGS & CONVENTIONS WHERE THEY SPEAK ABOUT ISSUES RELATED TO SUCH RESEARCH.

    Expenses $82,173

As filed on the 2022 return.

Listed in Part VII

  • James Allan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lenore Cooney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Henry Friedman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sue Vandewoude

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Atul Grover

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joanne Kutzberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John E Niederhuber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Arthur Rubenstein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carol Scheman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Oswald Steward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mark W Hamrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matthew Bailey

    PRESIDENT

    Total calculated
    $139,500
    From this org
    $139,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349310510

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