The Virginia Bioscience Foundation in Richmond, Virginia (VA)
Table of contents:
| The Virginia Bioscience Foundation | |
| Employer Identification Number (EIN) | 412256183 |
| Name of Organization | The Virginia Bioscience Foundation |
| In Care of Name | Mark A Herzog |
| Address | 800 E Leigh St Ste 14, Richmond, VA 23219-1599 |
| Subsection | Charitable Organization |
| Ruling Date | 06/2008 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $10,000 to $24,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $11,533 |
| Amount of Income | $8,000 |
| Form 990 Revenue Amount | $8,000 |
| National Taxonomy of Exempt Entities (NTEE) | Science and Technology Research Institutes, Services: Biological, Life Science Research |
Non-representatives - add comments:
Amount of income in 2014: $8,000 (it was $12,100 in 2013)
| The Virginia Bioscience Foundation: | $8,000 |
| Other organizations performing similar types of work: | $99,733 |
Assets in 2014: $11,533 (it was $10,094 in 2013)
| The Virginia Bioscience Foundation: | $11,533 |
| Other organizations performing similar types of work: | $76,527 |
Expenses in 2014: $6,561
| This organization: | $6,561 |
| Other organizations performing similar types of work: | $81,249 |
Income to expenses ratio in 2014: 1.2
| The Virginia Bioscience Foundation: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2014: 68.8%
| The Virginia Bioscience Foundation: | 68.8% |
| Other organizations performing similar types of work: | 3.6% |
Revenue for 2014
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $3,554 | $12,100 | $8,000 |
| Contributions, gifts, grants, and similar amounts received | $3,554 | $9,100 | $5,500 |
| Program service revenue including government fees and contracts | $0 | $3,000 | $2,500 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $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 | $5,002 | $7,648 | $6,561 |
| Total net assets | $5,642 | $10,094 | $11,533 |
| Excess/Deficit for the year | $-1,448 | $4,452 | $1,439 |
| Net assets or fund balances at beginning of year | $7,090 | $5,642 | $10,094 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $5,642 | $10,094 | $11,533 |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $5,642 | $10,094 | $11,533 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $5,642 | $10,094 | $11,533 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No |
| 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? | No | No | No |
| Total amount involved | $0 | $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? | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2014) | |
| 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 supported | 0 |
| 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 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $130,553 |
| Subtotal Support | $130,553 |
| Gifts, grants, contributions, and membership fees received | $130,553 |
| 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 | $130,553 |
| Public Support | $130,553 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Bionexus Foundation Inc | 10801 University Blvd, Manassas, VA 20110-2209 | VA | 2005-07 | $80,534,275 |
| 2 | The California Institute For Biomedical Research | 11119 N Torrey Pines Rd Ste 100, La Jolla, CA 92037-1012 | CA | 2013-02 | $13,622,921 |
| 3 | Sage Bionetworks, Sage | 1100 Fairview Ave N Msc M1c10, Seattle, WA 98109-4433 | WA | 2010-04 | $8,504,224 |
| 4 | International Bioresources Group, Atcc Global | 10801 University Blvd, Manassas, VA 20110-2209 | VA | 2006-06 | $7,943,413 |
| 5 | Two Blades Foundation | 1630 Chicago Ave Ste 19017, Evanston, IL 60201-4573 | IL | 2005-07 | $5,207,771 |
| 6 | University Enterprise Laboratories Inc | 1000 Westgate Dr Ste 101, Saint Paul, MN 55114-8658 | MN | 2003-11 | $2,820,549 |
| 7 | Texas Institute For Genomic Medicine | 2121 W Holcombe Blvd, Houston, TX 77030-3303 | TX | 2006-08 | $1,971,279 |
| 8 | The Biomimicry Institute | PO BOX 9216, Missoula, MT 59807-9216 | MT | 2007-02 | $1,397,439 |
| 9 | Conservation Science Partners Inc | 11050 Pioneer Trl Ste 202, Truckee, CA 96161-0268 | CA | 2011-10 | $1,038,689 |
| 10 | Cedar Creek Institute | 4 Cedar Creek Rd, Earlysville, VA 22936-9782 | VA | 2004-12 | $913,567 |
| 11 | Marine Bio-Technologies Center Of Innovation | 5600 Marvin K Moss Ln, Wilmington, NC 28409-3621 | NC | 2013-09 | $727,999 |
| 12 | Foundation Of The Flora Of Virginia Project Inc | PO BOX 512, Richmond, VA 23218-0512 | VA | 2002-05 | $126,127 |
| 13 | Meadowview Biological Research Station | 8390 Fredericksburg Tpke, Woodford, VA 22580-3440 | VA | 2000-10 | $67,148 |
| 14 | Gibbs Society Of Biological Thermo Dynamics Inc, Gibbs Conference | Attn Michael L Johnson Po Box 260, Keswick, VA 22947 | VA | 2003-06 | $36,450 |
| 15 | The Virginia Bioscience Foundation | 800 E Leigh St Ste 14, Richmond, VA 23219-1599 | VA | 2008-06 | $8,000 |
| 16 | Friends Of Isla Mujeres | 6005 Greeley Blvd, Springfield, VA 22152-1210 | VA | 2009-02 | $6,366 |
| 17 | Virginia Biosciences Development Center Inc | 800 E Leigh St, Richmond, VA 23219-1551 | VA | 2001-05 | $1 |
| 18 | International Lepidoptera Survey | Po Box 1124, Herndon, VA 20172 | VA | 1999-04 | $0 |
| 19 | Lynnhaven Bay Research | 1328 Whisper Dr, Virginia Bch, VA 23454-2057 | VA | 1998-01 | $0 |
| 20 | Mid-Atlantic Exotic Pest Plant Council Inc | 5617 5th St S, Arlington, VA 22204 | VA | 2001-07 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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