Spring Point Project
990 • Fiscal year 2011 • EIN 20-1896813
Scores are not available for this record yet.
Assets
Flat$7,403,865
Flat from 2011
Net Assets
Flat$1,837,269
Flat from 2011
Liabilities
Flat$5,566,596
Flat from 2011
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$2,562,586
Flat from 2011
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jan 1, 2011 to Dec 31, 2011
- Signed
- Mar 30, 2012
- Return Version
- 2011v1.2
- Gross Receipts
- $1,555,557
Mission
To be the preeminent source of medical-grade porcine clinically tissue utilized to cure diseases, with the primary commitment to diabetes.
Filer
- EIN
- 20-1896813
Raw XML AppendixShowing 400 of 517 raw XML fields
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| IRS990/ActivityOrMissionDescription | 0 | PROVIDING AN UNLIMITED SOURCE OF PIG ISLET CELLS TO FACILITATE ISLET TRANSPLANTATION TO CURE DIABETES |
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| IRS990/Description | 0 | THE ACTIVITY OBJECTIVES ARE TO: (1) RAISE DESIGNATED PATHOGEN-FREE (DPF) "MEDICAL GRADE" PIGS;(2) SELECT ANIMALS WITH GENETICS FOR HIGH ISLET CELL YIELD; AND (3) PRODUCE A SUFFICIENT SUPPLY OF DONOR ANIMALS/PANCREATA FOR CLINICAL ISLET TRANSPLANTATION TRIALS. THE FACILITY IS AT FULL CAPACITY AND IS ON TRACK TO SUPPLY SUFFICIENT DONOR ANIMALS FOR CLINICAL TRIALS. ON-SITE PANCREAS PROCUREMENT TECHNOLOGY TRANSFER AND IND PREPARATION ACTIVITIES NECESSARY FOR CLINICAL STUDIES ARE UNDERWAY AT THE FACILITY. THE LONG-TERM PROGRAM OBJECTIVE IS TO PRODUCE A SUFFICIENT SUPPLY OF SUITABLE DONOR PIGS TO SERVE AS ISLET DONORS FOR DIABETIC PATIENTS ULTIMATELY LEADING TO A CURE FOR DIABETES. |
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| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorNumber | 0 | RESTRICTED |
| IRS990/ScheduleBRequired | 0 | 1 |
| IRS990ScheduleD/Buildings/BookValue | 0 | 5979522 |
| IRS990ScheduleD/Buildings/Depreciation | 0 | 912729 |
| IRS990ScheduleD/Buildings/OtherCostOrOtherBasis | 0 | 6892251 |
| IRS990ScheduleD/DonatedServicesUseOfFacilities | 0 | 36785 |
| IRS990ScheduleD/DonatedSrvcAndUseOfFacilities | 0 | 36785 |
| IRS990ScheduleD/Equipment/BookValue | 0 | 80356 |
| IRS990ScheduleD/Equipment/Depreciation | 0 | 298011 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 378367 |
| IRS990ScheduleD/ExcessOrDeficitForYear | 0 | -1007029 |
| IRS990ScheduleD/ExcessOrDeficitPerFS | 0 | -1007029 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 36785 |
| IRS990ScheduleD/ExpensesNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 2562586 |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE PROJECT FOLLOWS THE INCOME TAX STANDARD REGARDING THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE IMPLEMENTATION OF THIS GUIDANCE HAD NO IMPACT ON THE PROJECT'S FINANCIAL STATEMENTS. THE PROJECT'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2008 THROUGH 2011 ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. |
| IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier | 0 | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
| IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference | 0 | PART X: |
| IRS990ScheduleD/Land/BookValue | 0 | 81333 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 81333 |
| IRS990ScheduleD/LeaseholdImprovements/BookValue | 0 | 200526 |
| IRS990ScheduleD/LeaseholdImprovements/Depreciation | 0 | 47696 |
| IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis | 0 | 248222 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 36785 |
| IRS990ScheduleD/RevenueNotRptdOnFinStmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 1555557 |
| IRS990ScheduleD/TotalExpenses | 0 | 2562586 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 2562586 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 6341737 |
| IRS990ScheduleD/TotalRevenue | 0 | 1555557 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 1555557 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 2599371 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 1592342 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE BOARD OF DIRECTORS MAY DESIGNATE TWO OR MORE OF THEIR NUMBER TO CONSTITUTE AN EXECUTIVE COMMITTEE WHICH, TO THE EXTENT DETERMINED BY UNANIMOUS AFFIRMATIVE ACTION OF THE BOARD, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS OF THE ORGANIZATION, BUT SHALL NOT HAVE THE POWER TO AMEND THE ORGANIZATION'S BYLAWS. THE EXECUTIVE COMMITTEE SHALL ACT ONLY IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SHALL BE SUBJECT AT ALL TIMES TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THOMAS CARTIER AND JOHN WALDNER HAVE A BUSINESS RELATIONSHIP. |
Document Assets
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Filings
Displayed year
2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $7,403,865
- Liabilities
- $5,566,596
- Net assets
- $1,837,269
- Revenue
- -
- Expenses
- $2,562,586
- Net income
- -