Civic Intelligence

The Virginia Bioscience Foundation

990EZ • Fiscal year 2014 • EIN 41-2256183

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 10, 2014

800 E Leigh Street No 1423219

(804) 643-6360

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

67th percentile

14%

Faster asset growth than 67% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

14th percentile

-34%

Faster revenue growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$11,533

Up $1,439 (+14%) from 2013

Net Assets

$11,533

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2013

Revenue

Down

$8,000

Down $4,100 (-34%) from 2013

Expenses

Down

$6,561

Down $1,087 (-14%) from 2013

Net Income

Down

$1,439

Down $3,013 (-68%) from 2013

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2010: $10,470Liabilities 2010: $0Net Assets 2010: $10,4702010Assets 2011: $7,090Liabilities 2011: $0Net Assets 2011: $7,0902011Assets 2012: $5,642Liabilities 2012: $02012Assets 2013: $10,094Liabilities 2013: $02013Assets 2014: $11,533Liabilities 2014: $0Net Assets 2014: $11,5332014Assets 2015: $26,252Liabilities 2015: $0Net Assets 2015: $26,2522015Assets 2016: $13,774Liabilities 2016: $0Net Assets 2016: $13,7742016Assets 2017: $9,558Liabilities 2017: $0Net Assets 2017: $9,5582017Assets 2018: $1,245Liabilities 2018: $0Net Assets 2018: $1,2452018Assets 2019: $14,339Liabilities 2019: $1,400Net Assets 2019: $12,9392019

Highlighted filing

2014

Assets$11,533
Liabilities$0
Net Assets$11,533

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $56,249Expenses 2010: $147,499Net Income 2010: -$91,2502010Revenue 2011: $53,650Expenses 2011: $57,030Net Income 2011: -$3,3802011Revenue 2012: $3,554Expenses 2012: $5,002Net Income 2012: -$1,4482012Revenue 2013: $12,100Expenses 2013: $7,648Net Income 2013: $4,4522013Revenue 2014: $8,000Expenses 2014: $6,561Net Income 2014: $1,4392014Revenue 2015: $23,000Expenses 2015: $8,281Net Income 2015: $14,7192015Revenue 2016: $3,375Expenses 2016: $15,853Net Income 2016: -$12,4782016Revenue 2017: $2,350Expenses 2017: $6,566Net Income 2017: -$4,2162017Revenue 2018: $725Expenses 2018: $9,038Net Income 2018: -$8,3132018Revenue 2019: $22,787Expenses 2019: $11,093Net Income 2019: $11,6942019

Highlighted filing

2014

Revenue$8,000
Expenses$6,561
Net Income$1,439
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 10, 2014
Return Version
2013v3.0
Gross Receipts
$8,000
Mission and Program Overview

Mission

The mission on the virginia bioscience foundation is to encourage young americans to explore studies and careers in innovative fields such as the life sciences. The foundation develops and promotes programs designed to encourage young students before they choose specific careers, to appreciates and participate in the challenging work of math and science so that they do not preclude subsequent career choices in the biosciences, and to introduce them to careers in bioscience.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION HAS CONTINUED TO SOLICIT SUMMER INTERNSHIP AWARD APPLICANTS, AND HAS APPROVED 6 AWARDS (TO FIVE COMPANIES) EACH IN THE AMOUNT OF $1,000 TO SUPPORT BIOSCIENCE INTERNS THIS SUMMER. HALF OF THE AWARD IS PAID AT THE BEGINNING OF THE INTERNSHIP, AND HALF IS AT ITS CONCLUSION UPON RECEIPT OF A WRITTEN REPORT.$0$5,500
THE FOUNDATION WAS INVOLVED IN OUR CONTINUED SUPPORT OF THE VIRGINIA STATE SCIENCE AND ENGINEERING FAIR BY PROVIDING A SPECIAL AWARD AND CASH SCHOLARSHIP FOR THREE BIOTECHNOLOGY RELATED PROJECTS.$0$500
OTHER SERVICES THAT RELATE TO THE FOUNDATION'S MISSION.$0$264
FOR THE 4TH YEAR VIRGINIA BIO SERVED AS A STATE/LOCAL PARTNER FOR INTERNATIONAL BIOGENEIUS CHALLENGE. THE FINALIST OF THE VIRGINIA BIOGENEIUS CHALLENGE WAS ONE OF 14 STUDENTS FROM ACROSS THE UNITED STATES, CANADA AND AUSTRALIA TO COMPETE IN THE INTERNATIONAL BIOGENEIUS CHALLENGE HELD IN JUNE 2014.$0$236
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK A HERZOGTreasurer-$0--
JEFF GALLAGHERSecretary-$0--
JIM POWERSChairman-$0--
NICOLE HASTINGSDirector-$0--
Filing and Contact Details

Filer

EIN
41-2256183
Phone
8046436360

Signing Officer

Name
Jeff Gallagher
Title
Secretary
Phone
8046436360
Signed
2014-11-10
Discuss with paid preparer
Yes

Preparer

Preparer
Ryan Losi
Phone
8045271815
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: internship expenses. Amount: 5,500. Description: state science fair expenses. Amount: 500. Description: fees. Amount: 61. Description: program expenses. Amount: 500. Total to form 990-ez, line 16: 6,561.

Raw XML Appendix152 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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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION ON THE VIRGINIA BIOSCIENCE FOUNDATION IS TO ENCOURAGE YOUNG AMERICANS TO EXPLORE STUDIES AND CAREERS IN INNOVATIVE FIELDS SUCH AS THE LIFE SCIENCES. THE FOUNDATION DEVELOPS AND PROMOTES PROGRAMS DESIGNED TO ENCOURAGE YOUNG STUDENTS BEFORE THEY CHOOSE SPECIFIC CAREERS, TO APPRECIATES AND PARTICIPATE IN THE CHALLENGING WORK OF MATH AND SCIENCE SO THAT THEY DO NOT PRECLUDE SUBSEQUENT CAREER CHOICES IN THE BIOSCIENCES, AND TO INTRODUCE THEM TO CAREERS IN BIOSCIENCE.
IRS990EZ/ProgramServiceRevenueAmt02500
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION WAS INVOLVED IN OUR CONTINUED SUPPORT OF THE VIRGINIA STATE SCIENCE AND ENGINEERING FAIR BY PROVIDING A SPECIAL AWARD AND CASH SCHOLARSHIP FOR THREE BIOTECHNOLOGY RELATED PROJECTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1FOR THE 4TH YEAR VIRGINIA BIO SERVED AS A STATE/LOCAL PARTNER FOR INTERNATIONAL BIOGENEIUS CHALLENGE. THE FINALIST OF THE VIRGINIA BIOGENEIUS CHALLENGE WAS ONE OF 14 STUDENTS FROM ACROSS THE UNITED STATES, CANADA AND AUSTRALIA TO COMPETE IN THE INTERNATIONAL BIOGENEIUS CHALLENGE HELD IN JUNE 2014.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2THE FOUNDATION HAS CONTINUED TO SOLICIT SUMMER INTERNSHIP AWARD APPLICANTS, AND HAS APPROVED 6 AWARDS (TO FIVE COMPANIES) EACH IN THE AMOUNT OF $1,000 TO SUPPORT BIOSCIENCE INTERNS THIS SUMMER. HALF OF THE AWARD IS PAID AT THE BEGINNING OF THE INTERNSHIP, AND HALF IS AT ITS CONCLUSION UPON RECEIPT OF A WRITTEN REPORT.
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SchoolOperatingInd00
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IRS990EZ/WebsiteAddressTxt0HTTP://WWW.VABIOFOUNDATION.ORG
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTERNSHIP EXPENSES. AMOUNT: 5,500. DESCRIPTION: STATE SCIENCE FAIR EXPENSES. AMOUNT: 500. DESCRIPTION: FEES. AMOUNT: 61. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 500. TOTAL TO FORM 990-EZ, LINE 16: 6,561.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF GALLAGHER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum08046436360
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE VIRGINIA BIOSCIENCE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0412256183
ReturnHeader/Filer/PhoneNum08046436360
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ReturnHeader/Filer/USAddress/State0VA
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
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ReturnHeader/PreparerPersonGrp/PhoneNum08045271815
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN LOSI
ReturnHeader/ReturnTs02014-11-11T11:41:31-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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Filings