Civic Intelligence

American Foundation for Biological Research

990 • Fiscal year 2021 • EIN 36-2229561

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 24, 2022

9410 Key West AvenueRockville, MD 20850

(301) 881-3300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.27x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

0.76x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

51st percentile

$175,109

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

40th percentile

6.1%

Faster asset growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

2.6%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$13,124,832

Up $758,475 (+6.1%) from 2020

Net Assets

Up

$9,536,498

Up $1,006,905 (+12%) from 2020

Liabilities

Down

$3,588,334

Down $248,430 (-6.5%) from 2020

Revenue

Up

$4,727,292

Up $119,475 (+2.6%) from 2020

Expenses

Up

$4,159,271

Up $147,980 (+3.7%) from 2020

Net Income

Down

$568,021

Down $28,505 (-4.8%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $6,461,662Liabilities 2011: $236,941Net Assets 2011: $6,224,7212011Assets 2012: $7,499,908Liabilities 2012: $182,932Net Assets 2012: $7,316,9762012Assets 2013: $8,428,774Liabilities 2013: $152,011Net Assets 2013: $8,276,7632013Assets 2014: $8,265,654Liabilities 2014: $656,259Net Assets 2014: $7,609,3952014Assets 2015: $10,527,849Liabilities 2015: $3,396,843Net Assets 2015: $7,131,0062015Assets 2016: $10,993,172Liabilities 2016: $4,305,334Net Assets 2016: $6,687,8382016Assets 2017: $11,268,505Liabilities 2017: $4,388,190Net Assets 2017: $6,880,3152017Assets 2018: $10,861,110Liabilities 2018: $4,216,562Net Assets 2018: $6,644,5482018Assets 2019: $11,633,615Liabilities 2019: $4,036,723Net Assets 2019: $7,596,8922019Assets 2020: $12,366,357Liabilities 2020: $3,836,764Net Assets 2020: $8,529,5932020Assets 2021: $13,124,832Liabilities 2021: $3,588,334Net Assets 2021: $9,536,4982021Assets 2022: $18,605,156Liabilities 2022: $9,237,549Net Assets 2022: $9,367,6072022Assets 2023: $19,464,077Liabilities 2023: $8,594,940Net Assets 2023: $10,869,1372023Assets 2024: $20,284,618Liabilities 2024: $7,870,943Net Assets 2024: $12,413,6752024

Highlighted filing

2021

Assets$13,124,832
Liabilities$3,588,334
Net Assets$9,536,498

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,200,1492011Expenses 2012: $3,260,2682012Revenue 2013: $4,111,475Expenses 2013: $3,317,999Net Income 2013: $793,4762013Revenue 2014: $4,044,860Expenses 2014: $4,011,232Net Income 2014: $33,6282014Revenue 2015: $3,657,777Expenses 2015: $3,936,119Net Income 2015: -$278,3422015Revenue 2016: $4,692,371Expenses 2016: $5,312,017Net Income 2016: -$619,6462016Revenue 2017: $4,940,955Expenses 2017: $5,021,995Net Income 2017: -$81,0402017Revenue 2018: $4,826,512Expenses 2018: $4,602,427Net Income 2018: $224,0852018Revenue 2019: $4,946,962Expenses 2019: $4,585,027Net Income 2019: $361,9352019Revenue 2020: $4,607,817Expenses 2020: $4,011,291Net Income 2020: $596,5262020Revenue 2021: $4,727,292Expenses 2021: $4,159,271Net Income 2021: $568,0212021Revenue 2022: $5,376,288Expenses 2022: $4,496,527Net Income 2022: $879,7612022Revenue 2023: $6,032,932Expenses 2023: $4,954,092Net Income 2023: $1,078,8402023Revenue 2024: $7,001,788Expenses 2024: $5,953,541Net Income 2024: $1,048,2472024

Highlighted filing

2021

Revenue$4,727,292
Expenses$4,159,271
Net Income$568,021
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 24, 2022
Return Version
2021v4.0
Gross Receipts
$5,575,238
Mission and Program Overview

Mission

Afbr's mission is to support basic research in the field of tropical medicine, specifically schistosomiasis. This takes many forms, most of which is to supply investigators, worldwide, with life cycle stages of the three schistosome species that cause the most disease in the human population. Afbr also offers training in various aspects of the life cycle maintenance so investigators can set up their own labs and conduct research independently.

Organization's mission is to advance and conduct infectious disease-related research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,208,770$6,669,557▲ $460,787
Land, Buildings, and Equipment, Net$3,130,724$2,924,710▼ $206,014
Cash and Non-Interest-Bearing Accounts$2,150,295$2,424,628▲ $274,333
Pledges and Grants Receivable$635,793$851,765▲ $215,972
Prepaid Expenses and Deferred Charges$199,395$212,906▲ $13,511
Accounts Receivable$41,380$41,266▼ $114
Total Assets$12,366,357$13,124,832▲ $758,475
Liabilities
Other Liabilities$3,431,068$3,257,882▼ $173,186
Accounts Payable and Accrued Expenses$130,696$205,752▲ $75,056
Mortgage Notes Payable Secured by Investment Property$275,000$124,700▼ $150,300
Total Liabilities$3,836,764$3,588,334▼ $248,430
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,529,593$9,536,498▲ $1,006,905
Total Net Assets Fund Balance$8,529,593$9,536,498▲ $1,006,905
Total Liabilities and Net Assets / Fund Balance$12,366,357$13,124,832▲ $758,475

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,911,378$1,558,831$4,470,209
Equipment$13,332$542,737$556,069
Other Land Buildings-$21,193$21,193
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edwin AshourianExecutive DiFT$159,720$15,389$175,109
Edwin AshourianExecutive Director-$159,720$15,389$175,109
John WardChief BiorepFT$138,185$14,562$152,747
John WardChief Biorepository-$138,185$14,562$152,747
Margaret Mentink-kaneChief ScientFT$138,064$14,413$152,477
Margaret Mentink-kaneChief Scientific Off-$138,064$14,413$152,477

Board Members and Trustees

NameTitle
Dr Philip LoverdeBoard Presid
Dr John SacciBoard Vice P
Brian GainesDirector
Christopher WhiteDirector
Jay GeorgeDirector
Rachael WidenerDirector
Bob BurlesonTreasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,469,970
Program Service Revenue
$112,676
Investment Income
$88,768
Other Revenue
$55,878
Change in Net Assets
$568,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,660,518
Revenue Not Reported on Financial Statements
$66,774
Revenue Not Reported on Form 990
$438,884
Total Revenue per Audited Statements
$5,099,402
Total Revenue per Form 990
$4,727,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,385,075
Salaries, Compensation, and Employee Benefits$1,774,196
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$1,298,776-$1,298,776
Other Salaries and Wages$620,038$380,588-$1,000,626
Current Officers, Directors, Trustees, and Key Employees$270,148$165,821-$435,969
Depreciation Depletion-$303,449-$303,449
Other Employee Benefits-$163,070-$163,070
Payroll Taxes-$121,476-$121,476
Fees for Service Investment Mgmnt Fees-$66,774-$66,774
Information Technology-$61,930-$61,930
Pension Plan Contributions-$53,055-$53,055
Insurance-$45,755-$45,755
Fees for Services Accounting-$26,100-$26,100
Office Expenses-$21,876-$21,876
Advertising-$20,300-$20,300
Fees for Services Other-$19,691-$19,691
Fees for Services Legal-$12,405-$12,405
Other Expenses$423,635$12,107-$12,107
All Other Expenses-$10,878-$10,878
Interest-$5,214-$5,214
Travel-$4,252-$4,252
Total Functional Expenses$1,313,821$2,845,450$0$4,159,271

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,159,271
Expenses per Audited Statements$4,092,497
Total Expenses per Audited Statements$4,092,497
Expenses Not Reported on Financial Statements$66,774
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
Deferred Rent$3,257,882
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by management and the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy covers all employees, board of directors and committee members, and the policy is signed in affirmation of receipt and understanding on an annual basis. It is the duty of each individual to bring any actual or potential conflicts of interest to the attention of the board. The interested party is precluded from voting on the matter, and business arrangements to avoid inurement and impermissible private benefits.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request via phone. A copy will be mailed to the requestor. In the future, afbr plans to have these documents available on its website at www.afbr-bri.org

Filing and Contact Details

Filer

Filer Name
American Foundation for Biological
EIN
36-2229561
Phone
3018813300
Address
9410 KEY WEST AVENUE, ROCKVILLE, MD 20850
Doing Business As
Biomedical Research Institute

Signing Officer

Name
Edwin Ashourian
Title
Executive Director
Phone
3018813300
Signed
2022-06-24

Organization Details

Principal Officer
Edwin Ashourian
Formed
1956
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
22

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
100 LAKEFOREST BLVD STE 650, GAITHERSBURG, MD 20877-2609
Preparer
Clint Lehman CPA
Phone
3019489825
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The american foundation for biological research (the foundation) is a non- profit organization incorporated in the state of illinois on march 16, 1948. The biomedical research institute was recognized as a trade name for the foundation in the state of maryland in march 1994. The foundation was established with a major emphasis on cryobiology and tropical disease research. Schistosomiasis, a major focus at the foundation for more than 30 years, is a tropical disease that affects hundreds of millions of people in sub-saharan africa, portions of south america and parts of rural asia. In addition to basic schistosomiasis research, the foundation provides life cycle stages of schistosoma parasites to domestic and international laboratories, principally through contracts with the national institutes of health. The foundation maintains the following two major program services: biorepository facilities - the foundation houses a cold storage biospecimen repository which supports research in acquired immunodeficiency syndrome (aids) and other clinically important diseases. Schistosomiasis resource center - parasite reagent production and distribution as well as education and training are focused on the major tropical disease of schistosomiasis. The foundation provides life stages of schistosoma parasites to scientists in the domestic and international research community.

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation follows the authoritative guidance relating to accounting for uncertainty in income taxes included in asc topic income taxes. These provisions provide consistent guidance for the accounting uncertainty in income taxes recognized in an entitys financial statements and prescribe a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The foundation performed an evaluation of uncertain tax positions for the years ended december 31, 2021 and 2020, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ASC TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITYS FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARGARET MENTINK-KANE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOHN WARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF SCIENTIFIC OFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF BIOREPOSITORY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE AMERICAN FOUNDATION FOR BIOLOGICAL RESEARCH (THE FOUNDATION) IS A NON- PROFIT ORGANIZATION INCORPORATED IN THE STATE OF ILLINOIS ON MARCH 16, 1948. THE BIOMEDICAL RESEARCH INSTITUTE WAS RECOGNIZED AS A TRADE NAME FOR THE FOUNDATION IN THE STATE OF MARYLAND IN MARCH 1994. THE FOUNDATION WAS ESTABLISHED WITH A MAJOR EMPHASIS ON CRYOBIOLOGY AND TROPICAL DISEASE RESEARCH. SCHISTOSOMIASIS, A MAJOR FOCUS AT THE FOUNDATION FOR MORE THAN 30 YEARS, IS A TROPICAL DISEASE THAT AFFECTS HUNDREDS OF MILLIONS OF PEOPLE IN SUB-SAHARAN AFRICA, PORTIONS OF SOUTH AMERICA AND PARTS OF RURAL ASIA. IN ADDITION TO BASIC SCHISTOSOMIASIS RESEARCH, THE FOUNDATION PROVIDES LIFE CYCLE STAGES OF SCHISTOSOMA PARASITES TO DOMESTIC AND INTERNATIONAL LABORATORIES, PRINCIPALLY THROUGH CONTRACTS WITH THE NATIONAL INSTITUTES OF HEALTH. THE FOUNDATION MAINTAINS THE FOLLOWING TWO MAJOR PROGRAM SERVICES: BIOREPOSITORY FACILITIES - THE FOUNDATION HOUSES A COLD STORAGE BIOSPECIMEN REPOSITORY WHICH SUPPORTS RESEARCH IN ACQUIRED IMMUNODEFICIENCY SYNDROME (AIDS) AND OTHER CLINICALLY IMPORTANT DISEASES. SCHISTOSOMIASIS RESOURCE CENTER - PARASITE REAGENT PRODUCTION AND DISTRIBUTION AS WELL AS EDUCATION AND TRAINING ARE FOCUSED ON THE MAJOR TROPICAL DISEASE OF SCHISTOSOMIASIS. THE FOUNDATION PROVIDES LIFE STAGES OF SCHISTOSOMA PARASITES TO SCIENTISTS IN THE DOMESTIC AND INTERNATIONAL RESEARCH COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES, BOARD OF DIRECTORS AND COMMITTEE MEMBERS, AND THE POLICY IS SIGNED IN AFFIRMATION OF RECEIPT AND UNDERSTANDING ON AN ANNUAL BASIS. IT IS THE DUTY OF EACH INDIVIDUAL TO BRING ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST TO THE ATTENTION OF THE BOARD. THE INTERESTED PARTY IS PRECLUDED FROM VOTING ON THE MATTER, AND BUSINESS ARRANGEMENTS TO AVOID INUREMENT AND IMPERMISSIBLE PRIVATE BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST VIA PHONE. A COPY WILL BE MAILED TO THE REQUESTOR. IN THE FUTURE, AFBR PLANS TO HAVE THESE DOCUMENTS AVAILABLE ON ITS WEBSITE AT WWW.AFBR-BRI.ORG
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.3$7.87$12.4$7.00$5.95$1.05
2023Detailed filing. Detailed filing data is available for this year.$19.5$8.59$10.9$6.03$4.95$1.08
2022Detailed filing. Detailed filing data is available for this year.$18.6$9.24$9.37$5.38$4.50$0.88
2021Detailed filing. Detailed filing data is available for this year.$13.1$3.59$9.54$4.73$4.16$0.57
2020Detailed filing. Detailed filing data is available for this year.$12.4$3.84$8.53$4.61$4.01$0.60
2019Detailed filing. Detailed filing data is available for this year.$11.6$4.04$7.60$4.95$4.59$0.36
2018Detailed filing. Detailed filing data is available for this year.$10.9$4.22$6.64$4.83$4.60$0.22
2017Detailed filing. Detailed filing data is available for this year.$11.3$4.39$6.88$4.94$5.02$0.08
2016Detailed filing. Detailed filing data is available for this year.$11.0$4.31$6.69$4.69$5.31$0.62
2015Detailed filing. Detailed filing data is available for this year.$10.5$3.40$7.13$3.66$3.94$0.28
2014Detailed filing. Detailed filing data is available for this year.$8.27$0.66$7.61$4.04$4.01$0.03
2013Detailed filing. Detailed filing data is available for this year.$8.43$0.15$8.28$4.11$3.32$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.50$0.18$7.32$3.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.46$0.24$6.22$3.20