Prebic Inc in Galveston, Texas (TX)

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Prebic Inc
Employer Identification Number (EIN)208645782
Name of OrganizationPrebic Inc
In Care of NameCalvin J Hobel
Address301 University Blvd Mrb 11 138, Galveston, TX 77555-0001
SubsectionEducational Organization
Ruling Date06/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$25,000 to $99,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$29,698
Amount of Income$24,000
Form 990 Revenue Amount$24,000
National Taxonomy of Exempt Entities (NTEE)Medical Research: Biomedicine, Bioengineering Research


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Amount of income in 2014: $24,000 (it was $30,639 in 2013)
This organization: 

 $24,000
Other organizations performing similar types of work: 

 $159,553

Assets in 2014: $29,698 (it was $29,698 in 2013)
This organization: 

 $29,698
Other organizations performing similar types of work: 

 $115,474

Expenses in 2013: $25,795
Prebic Inc: 

 $25,795
Other organizations performing similar types of work: 

 $167,843

Income to expenses ratio in 2013: 0.9
Prebic Inc: 

 0.9
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 97.6%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$28,190$22,625$30,639
Contributions, gifts, grants, and similar amounts received$28,150$22,625$30,639
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$40$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$62,913$9,350$25,795
Total net assets$4,656$17,931$29,698
Excess/Deficit for the year$-34,723$13,275$4,844
Net assets or fund balances at beginning of year$39,379$4,656$24,854
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$17,931$29,698
Balance Sheets
201120122013
Total assets$4,656$17,931$29,698
Total liabilities$0$0$0
Net assets or fund balances$4,656$17,931$29,698
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$141,414
Subtotal Support$141,414
Gifts, grants, contributions, and membership fees received$141,414
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$141,414
Public Support$141,414
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Stowers Institute For Medical Research1000 E 50th St, Kansas City, MO 64110-2262MO2005-08$154,114,494
2Gary And Mary West Health Institute10350 N Torrey Pines, La Jolla, CA 92037-1018CA2009-07$8,620,384
3Steadman Philippon Research Institute181 W Meadow Dr Ste 1000, Vail, CO 81657-5889CO1989-12$5,039,939
4Bioinnovation Institute In Akron47 N Main St, Akron, OH 44308-1925OH2009-08$5,005,594
5Hfii CorporationOne Ford Place Suite 5f, Detroit, MI 48202-3450MI2012-10$2,756,593
6Sens Foundation Inc110 Pioneer Way Ste J, Mountain View, CA 94041-1519CA2011-02$1,807,197
7Wisconsin Corporation For Biomedical Research5000 W National Ave, Milwaukee, WI 53295-0001WI2001-01$520,042
8Sierra Veterans Research And Education Foundation975 Kirman Ave, Reno, NV 89502-0993NV1991-06$464,459
9Designwise Medical Incorporated5310 Salem Lane, Loretto, MN 55357MN2009-06$126,486
10Spine & Joint Research Foundation26157 Jefferson, Murrieta, CA 92562-9561CA2005-10$95,000
11New Earth Biomed2708 Secret Falls Ct, Houston, TX 77089TX2010-04$91,279
12States United For Biomedical Research IncPO BOX 19469, Raleigh, NC 27619-9469NC2004-09$26,200
13Prebic Inc301 University Blvd Mrb 11 138, Galveston, TX 77555-0001TX2011-06$24,000
14700 For Science Inc907 Rio Grande Street, Austin, TX 78701TX2013-08$20,894
15Institute For Algorithmic Medicine Inc, Medical Algorithmic Project15711 Park Center Way, Houston, TX 77059-4051TX2005-03$1
16New Washington Research Foundation2815 Eastlake Ave E Ste 300, Seattle, WA 98102-3086WA2014-08$1
17San Diego Institute For Herbal Studies3911 Park Blvd Apt 501, San Diego, CA 92103-3537CA1997-04$1
18American Medchem Nonprofit Corporation525 E 100 S Ste 275, Salt Lake City, UT 84102UT2013-03$0
19Medical Foundation For Children7000 N Mopac Fl 2, Austin, TX 78731-3054TX2014-05$0
20Panhandle Sports Medicine Foundation7000 W 9th Ave, Amarillo, TX 79106-1709TX2003-08$0
Number of organizations performing similar types of work
Arizona1
California16
Colorado2
Connecticut1
District of Columbia1
Florida4
Georgia2
Hawaii1
Illinois1
Indiana2
Massachusetts2
Maryland2
Michigan3
Minnesota1
Missouri1
North Carolina2
Nebraska1
New Jersey3
Nevada1
New York1
Ohio2
Texas6
Utah1
Washington5
Wisconsin1
Total63

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