Regenerative Biologics Inc in Gainesville, Florida (FL)

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Regenerative Biologics Inc
Employer Identification Number (EIN)593280155
Name of OrganizationRegenerative Biologics Inc
Address6241 Nw 23rd St # 200, Gainesville, FL 32653-1599
ActivitiesBlood bank, Other medical research, Other health services
SubsectionCharitable Organization
Ruling Date11/2003
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$3,350,621
Amount of Income$3,438,941
Form 990 Revenue Amount$4,740,292
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Organ and Tissue Banks


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Amount of income in 2013: $3,438,941 (it was $9,301,677 in 2012)
Regenerative Biologics Inc: 

 $3,438,941
Other organizations performing similar types of work: 

 $402,447

Assets in 2013: $3,350,621 (it was $3,872,776 in 2012)
This organization: 

 $3,350,621
Other organizations performing similar types of work: 

 $297,047

Expenses in 2013: $3,195,922
This organization: 

 $3,195,922
Other organizations performing similar types of work: 

 $324,576

Income to expenses ratio in 2013: 1.1
Regenerative Biologics Inc: 

 1.1
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 0.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$3,007,851$49,148$3,007,851
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$34,629
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$431,179
Gross profit from sales of goods$0
Other income$2,973,133
Other$89
Total expenses and disbursements$3,195,922$5,085$2,179,069$932,918
Compensation of officers, directors, trustees, etc.$527,947
Pension plans, employee benefits$181,106
Legal fees$48,117
Accounting fees$0
Interest$0
Depreciation$25,606
Occupancy$174,191
Travel, conferences, and meetings$103,445
Printing and publications$0
Total operating and administrative expenses$3,195,922$5,085$932,918
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-188,071
Net investment income$44,063
Adjusted net income$828,782
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$2,096,964$2,096,964$3,872,776$3,872,776$3,350,621$3,350,621
Cash - non-interest-bearing$316,222$2,576,932$659,810
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$21,684$18,625
Total liabilities$576,130$627,161$240,026
Mortgages and other notes payable$0$0$0
Other liabilities$288,988$139,142
Total liabilities and net assets/fund balances$1,520,834$3,245,615$3,110,595
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$89
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$354$239$881
Total credits and payments$1,644$1,290$1,051
Current year estimated tax payments and previous year's overpayment credited to current year$1,644$1,290$1,051
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$1,051$170
Amount to be credited to next year's estimated tax$1,290$1,051$170
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesNoNo
Did any persons become substantial contributors during the tax year?NoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?YesYesYes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$539,426$1,446,578$3,807,896
Net value of noncharitable-use assets$1,424,879$3,750,778
Minimum investment return$26,567$71,244$187,539
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
$0$2,075,700
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$34,629$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Transplant Resource Center Of Maryland Inc, Living Legacy Foundation Of Marylan1730 Twin Springs Rd Ste 200, Baltimore, MD 21227-3551MD1991-08$34,189,435
2Upper Midwest Organ Procurement Organization Inc, Lifesource2225 W River Rd, Minneapolis, MN 55411-2228MN1989-08$34,048,142
3Vision Share640 Avis Dr Ste 200, Ann Arbor, MI 48108-8953MI1999-05$9,724,684
4Lions Visiongift, Eye Bank2201 Se 11th Ave, Portland, OR 97214-5303OR2010-06$5,816,352
5Regenerative Biologics Inc6241 Nw 23rd St # 200, Gainesville, FL 32653-1599FL2003-11$3,438,941
6San Antonio Eye Bank8122 Datapoint Dr Ste 326, San Antonio, TX 78229-3264TX2000-09$1,498,379
7Vitalgift Tissue Services210 S State St, San Jacinto, CA 92583-3249CA2007-10$1,290,645
8Illinois Eye-Bank547 West Jackson Blvd, Chicago, IL 60661-5717IL2011-02$1,213,753
9Restore Life Usa Inc112 E Myrtle Ave, Johnson City, TN 37601-8600TN2010-06$498,054
10Midwire Systems4889 Venture Drive, Ann Arbor, MI 48108MI2001-02$437,042
11J J S LegacyPo Box 12793, Bakersfield, CA 93389-2793CA2011-05$402,447
12Tennessee County Clerks Organ Donor Awareness Foundation1633 Church St Ste 500, Nashville, TN 37203-2948TN1996-03$293,558
13Charity Of Life Foundation Inc725 N A1a Ste C118-119, Jupiter, FL 33477-4571FL2003-12$183,360
14Oru And Friends90 Sierra Vista Ave Suite L123, Mountain View, CA 94043CA2011-12$134,711
15Organ Alliance Inc344 W 23rd St Apt 1a, New York, NY 10011-2269NY2014-07$128,850
16Andy Talley Bone Marrow Foundation237 W Lancaster Ave Ste 207, Devon, PA 19333-1585PA2011-02$104,997
17Utah Coalition For Organ Eye & Tissue Donation230 S 500 E Ste 290, Salt Lake Cty, UT 84102-2047UT2000-10$102,140
18Sierra Nevada Tissue Bank Inc845 E 2nd St, Reno, NV 89502-1119NV2004-07$66,436
19Amandas Friends Inc1055 Weeping Willow Way, Hollywood, FL 33019FL2009-01$0
20Greatest Gift Inc322 Glen Club Dr, Debary, FL 32713FL2009-02$0
Number of organizations performing similar types of work
Alaska1
Arizona1
California15
Colorado1
Connecticut1
Florida4
Georgia2
Hawaii1
Iowa2
Illinois4
Indiana1
Kansas1
Kentucky1
Louisiana2
Massachusetts3
Maryland1
Michigan3
Minnesota2
Missouri3
Mississippi1
North Carolina1
New Jersey2
Nevada2
New York7
Ohio3
Oklahoma1
Oregon2
Pennsylvania4
South Carolina1
Tennessee7
Texas13
Utah3
Virginia5
Wisconsin1
Total102

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