Civic Intelligence

New Orleans Bio Innovation Center Inc

EIN 20-0078125 • 501(c)3 • New Orleans, LA

Profile

The organization's mission is to manage a biotechnology incubator facility to develop and support a life science industry in new orleans.

1441 Canal StreetNew Orleans, LA 70112

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.30x

Higher debt load relative to revenue than 52% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

4th percentile

-59%

Higher net margin than 4% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

38th percentile

$216,519

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

17th percentile

-4.1%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-6.3%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$34,505,746

Down $1,475,892 (-4.1%) from 2023

Liabilities

Up

$773,325

Up $18,505 (+2.5%) from 2023

Net Assets

Down

$33,732,421

Down $1,494,397 (-4.2%) from 2023

Operations
Liabilities / Revenue52nd percentileNet Margin4th percentile

Revenue

Down

$2,602,562

Down $174,898 (-6.3%) from 2023

Expenses

Up

$4,147,194

Up $705,915 (+21%) from 2023

Net Income

Down

-$1,544,632

Down $880,813 (-133%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $43,786,354Liabilities 2011: $4,031,316Net Assets 2011: $39,755,0382011Assets 2012: $47,650,848Liabilities 2012: $1,510,804Net Assets 2012: $46,140,0442012Assets 2013: $47,859,643Liabilities 2013: $1,787,167Net Assets 2013: $46,072,4762013Assets 2014: $47,488,986Liabilities 2014: $1,999,655Net Assets 2014: $45,489,3312014Assets 2015: $46,819,208Liabilities 2015: $2,179,162Net Assets 2015: $44,640,0462015Assets 2016: $44,548,156Liabilities 2016: $2,082,332Net Assets 2016: $42,465,8242016Assets 2017: $42,162,037Liabilities 2017: $1,743,745Net Assets 2017: $40,418,2922017Assets 2018: $40,120,134Liabilities 2018: $1,581,893Net Assets 2018: $38,538,2412018Assets 2019: $38,370,420Liabilities 2019: $362,730Net Assets 2019: $38,007,6902019Assets 2020: $37,506,947Liabilities 2020: $668,398Net Assets 2020: $36,838,5492020Assets 2021: $37,003,037Liabilities 2021: $723,204Net Assets 2021: $36,279,8332021Assets 2022: $36,174,841Liabilities 2022: $639,800Net Assets 2022: $35,535,0412022Assets 2023: $35,981,638Liabilities 2023: $754,820Net Assets 2023: $35,226,8182023Assets 2024: $34,505,746Liabilities 2024: $773,325Net Assets 2024: $33,732,4212024

Highlighted filing

2024

Assets$34,505,746
Liabilities$773,325
Net Assets$33,732,421
Open 2024 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $24,384,908Expenses 2011: $920,891Net Income 2011: $23,464,0172011Revenue 2012: $8,161,798Expenses 2012: $1,776,792Net Income 2012: $6,385,0062012Revenue 2013: $3,619,562Expenses 2013: $3,687,130Net Income 2013: -$67,5682013Revenue 2014: $2,675,059Expenses 2014: $3,258,204Net Income 2014: -$583,1452014Revenue 2015: $2,592,968Expenses 2015: $3,442,203Net Income 2015: -$849,2352015Revenue 2016: $1,620,733Expenses 2016: $3,794,476Net Income 2016: -$2,173,7432016Revenue 2017: $1,640,587Expenses 2017: $3,688,119Net Income 2017: -$2,047,5322017Revenue 2018: $1,498,402Expenses 2018: $3,378,453Net Income 2018: -$1,880,0512018Revenue 2019: $2,760,940Expenses 2019: $3,291,491Net Income 2019: -$530,5512019Revenue 2020: $1,498,077Expenses 2020: $2,667,218Net Income 2020: -$1,169,1412020Revenue 2021: $2,583,962Expenses 2021: $3,142,678Net Income 2021: -$558,7162021Revenue 2022: $2,652,468Expenses 2022: $3,397,260Net Income 2022: -$744,7922022Revenue 2023: $2,777,460Expenses 2023: $3,441,279Net Income 2023: -$663,8192023Revenue 2024: $2,602,562Expenses 2024: $4,147,194Net Income 2024: -$1,544,6322024

Highlighted filing

2024

Revenue$2,602,562
Expenses$4,147,194
Net Income-$1,544,632
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,505,746
Liabilities
$773,325
Net assets
$33,732,421
Revenue
$2,602,562
Expenses
$4,147,194
Net income
-$1,544,632
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$34.5$0.77$33.7$2.60$4.15$1.54
2023Detailed filing. Detailed filing data is available for this year.$36.0$0.75$35.2$2.78$3.44$0.66
2022Detailed filing. Detailed filing data is available for this year.$36.2$0.64$35.5$2.65$3.40$0.74
2021Detailed filing. Detailed filing data is available for this year.$37.0$0.72$36.3$2.58$3.14$0.56
2020Detailed filing. Detailed filing data is available for this year.$37.5$0.67$36.8$1.50$2.67$1.17
2019Summary only. Only limited summary data is available for this year.$38.4$0.36$38.0$2.76$3.29$0.53
2018Summary only. Only limited summary data is available for this year.$40.1$1.58$38.5$1.50$3.38$1.88
2017Summary only. Only limited summary data is available for this year.$42.2$1.74$40.4$1.64$3.69$2.05
2016Summary only. Only limited summary data is available for this year.$44.5$2.08$42.5$1.62$3.79$2.17
2015Summary only. Only limited summary data is available for this year.$46.8$2.18$44.6$2.59$3.44$0.85
2014Summary only. Only limited summary data is available for this year.$47.5$2.00$45.5$2.68$3.26$0.58
2013Summary only. Only limited summary data is available for this year.$47.9$1.79$46.1$3.62$3.69$0.07
2012Summary only. Only limited summary data is available for this year.$47.7$1.51$46.1$8.16$1.78$6.39
2011Summary only. Only limited summary data is available for this year.$43.8$4.03$39.8$24.4$0.92$23.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$2,602,562
Mission and Program Overview

Mission

The organization's mission is to manage a biotechnology incubator facility to develop and support a life science industry in new orleans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$32,993,589$31,953,535▼ $1,040,054
Cash and Non-Interest-Bearing Accounts$1,639,318$1,543,533▼ $95,785
Accounts Receivable$959,914$623,541▼ $336,373
Prepaid Expenses and Deferred Charges$176,220$180,377▲ $4,157
Total Assets$35,981,638$34,505,746▼ $1,475,892
Other Assets Total$212,597$204,760▼ $7,837
Liabilities
Deferred Revenue$360,375$348,323▼ $12,052
Other Liabilities$263,481$258,744▼ $4,737
Accounts Payable and Accrued Expenses$130,964$166,258▲ $35,294
Total Liabilities$754,820$773,325▲ $18,505
Net Assets / Fund Balance
Net Assets With Donor Restrictions$32,902,901$31,923,995▼ $978,906
Net Assets Without Donor Restrictions$2,323,917$1,808,426▼ $515,491
Total Net Assets Fund Balance$35,226,818$33,732,421▼ $1,494,397
Total Liabilities and Net Assets / Fund Balance$35,981,638$34,505,746▼ $1,475,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,673,186$13,574,222$45,247,408
Equipment$280,349$1,626,873$1,907,222
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristopher KhalilPresident/CEOFT$187,500$29,019$216,519

Board Members and Trustees

NameTitle
Patrick NortonChairman
Dr Steve NelsonVice Chairman
GENE D'AMOURBoard Member
Joseph M Moerschbaecher PhdBoard Member
Larry H Hollier MdBoard Member
Robin FormanBoard Member
Andre RubensteinSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$625,568
Program Service Revenue
$164,333
Investment Income
$54,622
Other Revenue
$1,758,039
All Other Contributions
$295,000
Change in Net Assets
$-1,544,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,602,562
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$50,235
Total Revenue per Audited Statements
$2,652,797
Total Revenue per Form 990
$2,602,562
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,309,282
Salaries, Compensation, and Employee Benefits$837,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,165,794--$1,165,794
Occupancy$525,897$245-$526,142
Fees for Services Other$344,842$159,475-$504,317
Other Salaries and Wages$329,167$100,607-$429,774
Office Expenses$178,729$48,974-$227,703
Current Officers, Directors, Trustees, and Key Employees$143,607$43,893-$187,500
Insurance$172,112--$172,112
Other Employee Benefits$123,800$37,839-$161,639
Information Technology$73,999$22,293-$96,292
Travel$73,766$11,661-$85,427
Fees for Services Legal$46,803$4,314-$51,117
Advertising$49,282--$49,282
Payroll Taxes$35,640$10,893-$46,533
Fees for Services Accounting$25,362$2,338-$27,700
Pension Plan Contributions$9,548$2,918-$12,466
Other Expenses$1,685$4,625-$6,310
Total Functional Expenses$3,611,899$535,295$0$4,147,194

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,147,194
Total Expenses per Audited Statements$4,147,194
Total Expenses per Form 990$4,147,194
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$204,760
Rental Deposits$53,984
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The organization did not contemporaneously document the meetings held or written actions undertaken by each committee with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The ceo and the controller of tulane university in its managed services role with nobic review the 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Monitored and enforced during staff meetings. (both the organization and the disregarded entity).”

Form 990, Part VI, Section B, Line 15

“Comparable data is obtained, reviewed and approved by the board of directors. (both the organization and the disregarded entity).”

Form 990, Part VI, Section C, Line 19

“The governing documents and policies are available upon request. The financial statements are remitted to the louisiana legislative auditor and posted on their website. (both the organization and he disregarded entity).”

Filing and Contact Details

Filer

Filer Name
New Orleans Bio Innovation Center Inc
EIN
20-0078125
Phone
5046802973
Address
1441 CANAL STREET, NEW ORLEANS, LA 70112

Signing Officer

Name
Kristopher Khalil
Title
President/CEO
Phone
5046802973
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristopher Khalil
Formed
2002
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
14
Volunteers
15

Preparer

Firm
Cri Advisors LLC
Address
3850 N CAUSEWAY BLVD 1400, METAIRIE, LA 70002
Preparer
Melissa Y Duhon CPA
Phone
5048379116
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional fees - other: program service expenses 106,433. Management and general expenses 9,809. Fundraising expenses 0. Total expenses 116,242. Contract outside services: program service expenses 238,409. Management and general expenses 149,666. Fundraising expenses 0. Total expenses 388,075.”

Form 990, Part XII, Line 2C

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Nobic is exempt from corporate income taxes under section 501 (c)(3) of the internal revenue code. Nobic has adopted the provision of fasb asc 740-10-25, which requires a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The corporation does not believe its consolidated financial statements include any uncertain tax positions. The corporation's wholly owned subsidiary, nobf, has elected to be treated as a disregarded entity for income taxation purposes. All activity is therefore presented on the corporation's tax return.”

Raw XML AppendixShowing 400 of 480 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054622
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015201095
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032993589
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031953535
IRS990/LandBldgEquipCostOrOtherBssAmt047154630
IRS990/LegalDomicileStateCd0LA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt035226818
IRS990/NetAssetsOrFundBalancesEOYAmt033732421
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01758039
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01758039
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt050235
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02323917
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01808426
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0245
IRS990/OccupancyGrp/ProgramServicesAmt0525897
IRS990/OccupancyGrp/TotalAmt0526142
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048974
IRS990/OfficeExpensesGrp/ProgramServicesAmt0178729
IRS990/OfficeExpensesGrp/TotalAmt0227703
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0212597
IRS990/OtherAssetsTotalGrp/EOYAmt0204760
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037839
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0123800
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0161639
IRS990/OtherExpensesGrp/Desc0LOSS ON INVESTMENTS
IRS990/OtherExpensesGrp/Desc1CONTRIBUTED SERVICES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt085220
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14625
IRS990/OtherExpensesGrp/ProgramServicesAmt0236183
IRS990/OtherExpensesGrp/ProgramServicesAmt175683
IRS990/OtherExpensesGrp/ProgramServicesAmt21685
IRS990/OtherExpensesGrp/TotalAmt0236183
IRS990/OtherExpensesGrp/TotalAmt1160903
IRS990/OtherExpensesGrp/TotalAmt26310
IRS990/OtherLiabilitiesGrp/BOYAmt0263481
IRS990/OtherLiabilitiesGrp/EOYAmt0258744
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100607
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0329167
IRS990/OtherSalariesAndWagesGrp/TotalAmt0429774
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010893
IRS990/PayrollTaxesGrp/ProgramServicesAmt035640
IRS990/PayrollTaxesGrp/TotalAmt046533
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02918
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09548
IRS990/PensionPlanContributionsGrp/TotalAmt012466
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0176220
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0180377
IRS990/PrincipalOfficerNm0KRISTOPHER KHALIL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0CONTRIBUTED SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1VARIOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0160903
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0160903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13430
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMERCIALIZATION PROGRAMACTIVELY FACILITATES LOCAL BIOTECH BUSINESS DEVELOPMENT AND JOB CREATION THROUGH SUBSIDIZED OR FREE CONSULTING SERVICES, INCLUDING BUSINESS PLAN WRITING, MARKET RESEARCH, SECURING INTELLECTUAL PROPERTY, FORMING A MANAGEMENT TEAM, AND RAISING FINANCING THROUGH GRANT APPLICATIONS AND CONNECTIONS WITH VENTURE CAPITAL FIRMS.THIS PROGRAM ALSO AIMS TO RAISE AWARENESS OF COMMERCIALIZATION RESEARCH AS A POTENTIAL OUTCOME FOR ACADEMIC RESEARCH THROUGH PUBLIC EDUCATIONAL SEMINARS AND AN ANNUAL MINI-CONFERENCE DEDICATED TO THE DEVELOPING BIOTECH INFRASTRUCTURE AND ECONOMIC DEVELOPMENT IN NEW ORLEANS AND SURROUNDING AREAS.
IRS990/ProgSrvcAccomActy3Grp/Desc0LOAN PROGRAMASSISTS COMPANIES IN ACQUIRING THE CAPITAL NEEDED TO ACHIEVE GROWTH THAT WILL ENABLE THEM TO CREATE MORE JOBS AND ECONOMIC OPPORTUNITIES IN LOUISIANA BY PROVIDING LOW INTEREST LOANS WITH FLEXIBLE REPAYMENT TERMS TO QUALIFYING SMALL BUSINESSES AND START-UPS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01049579
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt029093
IRS990/PYOtherExpensesAmt02668698
IRS990/PYOtherRevenueAmt01607768
IRS990/PYProgramServiceRevenueAmt091020
IRS990/PYRevenuesLessExpensesAmt0-663819
IRS990/PYSalariesCompEmpBnftPaidAmt0772581
IRS990/PYTotalExpensesAmt03441279
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02777460
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1544632
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01758039
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01976994
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0625568
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01049579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0753285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01006463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0554052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03988947
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt054622
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt029093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08458
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018895
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039647
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0150715
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96360
IRS990ScheduleA/PublicSupportPY170Pct00.96980
IRS990ScheduleA/PublicSupportTotal170Amt03988947
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0625568
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01049579
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0753285
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01006463
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0554052
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03988947
IRS990ScheduleA/TotalSupportAmt04139662
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt031673186
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013574222
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt045247408
IRS990ScheduleD/EquipmentGrp/BookValueAmt0280349
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01626873
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01907222
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04147194
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt050235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1204760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENTAL DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt050235
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02602562
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOBIC IS EXEMPT FROM CORPORATE INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. NOBIC HAS ADOPTED THE PROVISION OF FASB ASC 740-10-25, WHICH REQUIRES A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION DOES NOT BELIEVE ITS CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S WHOLLY OWNED SUBSIDIARY, NOBF, HAS ELECTED TO BE TREATED AS A DISREGARDED ENTITY FOR INCOME TAXATION PURPOSES. ALL ACTIVITY IS THEREFORE PRESENTED ON THE CORPORATION'S TAX RETURN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031953535
IRS990ScheduleD/TotalExpensesPerForm990Amt04147194
IRS990ScheduleD/TotalLiabilityAmt0258744
IRS990ScheduleD/TotalRevenuePerForm990Amt02602562
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02652797
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04147194
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0187500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014019
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTOPHER KHALIL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0216519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DID NOT CONTEMPORANEOUSLY DOCUMENT THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN BY EACH COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO AND THE CONTROLLER OF TULANE UNIVERSITY IN ITS MANAGED SERVICES ROLE WITH NOBIC REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORED AND ENFORCED DURING STAFF MEETINGS. (BOTH THE ORGANIZATION AND THE DISREGARDED ENTITY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARABLE DATA IS OBTAINED, REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. (BOTH THE ORGANIZATION AND THE DISREGARDED ENTITY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE REMITTED TO THE LOUISIANA LEGISLATIVE AUDITOR AND POSTED ON THEIR WEBSITE. (BOTH THE ORGANIZATION AND HE DISREGARDED ENTITY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES - OTHER: PROGRAM SERVICE EXPENSES 106,433. MANAGEMENT AND GENERAL EXPENSES 9,809. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 116,242. CONTRACT OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 238,409. MANAGEMENT AND GENERAL EXPENSES 149,666. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 388,075.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW ORLEANS BIO INNOVATION CENTER INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW ORLEANS BIOFUNDING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0371655165
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt01099511
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0LOAN PROGRAM
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0104857
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01441 CANAL STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEW ORLEANS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd070112
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00

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