Civic Intelligence

The Virginia Bioscience Foundation

EIN 41-2256183 • 501(c)3 • Richmond, VA

Profile

The mission of the virginia bioscience foundation is to encourage and support young virginians to explore and undertake studies and careers in innovative fields such as the life sciences.

800 E Leigh Street No 14Richmond, VA 23219

www.vabiofoundation.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.10x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

0.06x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

1052%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

99th percentile

3043%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$14,339

Up $13,094 (+1052%) from 2018

Liabilities

Up

$1,400

Up $1,400 from 2018

Net Assets

Up

$12,939

Up $11,694 (+939%) from 2018

Operations
Liabilities / Revenue79th percentileNet Margin90th percentile

Revenue

Up

$22,787

Up $22,062 (+3043%) from 2018

Expenses

Up

$11,093

Up $2,055 (+23%) from 2018

Net Income

Up

$11,694

Up $20,007 (+241%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$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

2019

Assets$14,339
Liabilities$1,400
Net Assets$12,939
Open 2019 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income by year, with the latest 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

2019

Revenue$22,787
Expenses$11,093
Net Income$11,694
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,339
Liabilities
$1,400
Net assets
$12,939
Revenue
$22,787
Expenses
$11,093
Net income
$11,694
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.01$0.13$0.23$0.11$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.01$0.09$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.02$0.07$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.03$0.16$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.23$0.08$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.08$0.07$0.01
2013Summary only. Only limited summary data is available for this year.$0.10$0.00$0.12$0.08$0.04
2012Summary only. Only limited summary data is available for this year.$0.06$0.00$0.04$0.05$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$0.54$0.57$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.56$1.47$0.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 9, 2020
Return Version
2018v3.2
Gross Receipts
$22,787
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.

The mission of the virginia bioscience foundation is to encourage and support young virginians to explore and undertake studies and careers in innovative fields such as the life sciences.

Program Services

DescriptionGrantsExpenses
VIRGINIA BIO BEGAN THE GALLAGHER SCHOLARSHIP FUND FOR BIOSTEM SUMMER CAMPS FOR UNDERPRIVILEGED STUDENTS. THROUGH DONATIONS TO THE FUND, WE WERE ABLE TO SUPPORT GEORGE MASON UNIVERSITY'S FOCUS PROGRAM ($5,000) AND THE VCU MARY AND FRANCES YOUTH CENTER SUMMER STEM CAMP ($4,000).$0$9,000
VIRGINIA BIO AND VIRGINIA BIO FOUNDATION CONTINUED THE LIFE SCIENCE WORKFORCE INITIATIVE TO MEET THE NEED FOR INDUSTRY AND ACADEMIA TO WORK TOGETHER TO CREATE A PIPELINE OF TALENT THE EVER-CHANGING LIFE SCIENCE INDUSTRY NEEDS TO SUCCEED AND TO BETTER EQUIP THE NEXT GENERATION OF TALENT WITH THE EDUCATION, SKILLS AND KNOWLEDGE THEY NEED TO LAUNCH SUCCESSFUL CAREERS. THIS YEAR INVOLVED THE LIVE VIRTUAL INTERVIEW SERIES (#NOTJUSTBENCHWORK) WHERE WE INTERVIEWED INDUSTRY FOLKS WITH A BIOSCIENCE DEGREE THAT WERE NOT USING IT IN A TRADITIONAL FASHION AND LIVESTREAMED IT INTO COLLEGE AND UNIVERSITIES AROUND THE STATE.$0$1,000
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 2019.$0$0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK A HERZOGVice Chairman-$0--
JEFF GALLAGHERSecretary/Treasurer-$0--
JIM POWERSChairman-$0--
DENISE TONEYBoard Member-$0--
MICHAEL PERHAMBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
The Virginia Bioscience Foundation
EIN
41-2256183
Phone
8046436360
Address
800 E LEIGH STREET NO 14, RICHMOND, VA 23219

Signing Officer

Name
John Newby
Title
CEO
Phone
8046436360
Signed
2020-07-09
Discuss with paid preparer
Yes

Preparer

Firm
Piascik
Address
4470 COX ROAD SUITE 250, GLEN ALLEN, VA 23060
Preparer
Ryan Losi CPA
Phone
8045271815
Supplemental Narrative

Additional Explanations

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

“Description: bank fees. Amount: 693. Description: travel. Amount: 400. Description: workforce summit. Amount: 1,000. Description: stem camps. Amount: 9,000. Total to form 990-ez, line 16: 11,093.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to association. Beg. Of year amount: 0. End of year amount: 1,400.”

Raw XML Appendix165 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/PrimaryExemptPurposeTxt0THE MISSION OF THE VIRGINIA BIOSCIENCE FOUNDATION IS TO ENCOURAGE AND SUPPORT YOUNG VIRGINIANS TO EXPLORE AND UNDERTAKE STUDIES AND CAREERS IN INNOVATIVE FIELDS SUCH AS THE LIFE SCIENCES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0VIRGINIA 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 2019.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1VIRGINIA BIO BEGAN THE GALLAGHER SCHOLARSHIP FUND FOR BIOSTEM SUMMER CAMPS FOR UNDERPRIVILEGED STUDENTS. THROUGH DONATIONS TO THE FUND, WE WERE ABLE TO SUPPORT GEORGE MASON UNIVERSITY'S FOCUS PROGRAM ($5,000) AND THE VCU MARY AND FRANCES YOUTH CENTER SUMMER STEM CAMP ($4,000).
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2VIRGINIA BIO AND VIRGINIA BIO FOUNDATION CONTINUED THE LIFE SCIENCE WORKFORCE INITIATIVE TO MEET THE NEED FOR INDUSTRY AND ACADEMIA TO WORK TOGETHER TO CREATE A PIPELINE OF TALENT THE EVER-CHANGING LIFE SCIENCE INDUSTRY NEEDS TO SUCCEED AND TO BETTER EQUIP THE NEXT GENERATION OF TALENT WITH THE EDUCATION, SKILLS AND KNOWLEDGE THEY NEED TO LAUNCH SUCCESSFUL CAREERS. THIS YEAR INVOLVED THE LIVE VIRTUAL INTERVIEW SERIES (#NOTJUSTBENCHWORK) WHERE WE INTERVIEWED INDUSTRY FOLKS WITH A BIOSCIENCE DEGREE THAT WERE NOT USING IT IN A TRADITIONAL FASHION AND LIVESTREAMED IT INTO COLLEGE AND UNIVERSITIES AROUND THE STATE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK FEES. AMOUNT: 693. DESCRIPTION: TRAVEL. AMOUNT: 400. DESCRIPTION: WORKFORCE SUMMIT. AMOUNT: 1,000. DESCRIPTION: STEM CAMPS. AMOUNT: 9,000. TOTAL TO FORM 990-EZ, LINE 16: 11,093.
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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.
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