Civic Intelligence

The Virginia Bioscience Foundation

990EZ • Fiscal year 2016 • EIN 41-2256183

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 08, 2016

Organization Profilewww.vabiofoundation.org
800 E Leigh Street No 14Richmond, VA 23219

(804) 643-6360

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

2nd percentile

-370%

Higher net margin than 2% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

9th percentile

-48%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-85%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$13,774

Down $12,478 (-48%) from 2015

Net Assets

Down

$13,774

Down $12,478 (-48%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin2nd percentile

Revenue

Down

$3,375

Down $19,625 (-85%) from 2015

Expenses

Up

$15,853

Up $7,572 (+91%) from 2015

Net Income

Down

-$12,478

Down $27,197 (-185%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

2016

Assets$13,774
Liabilities$0
Net Assets$13,774
Open 2016 Filing

Operations Trend

Revenue Growth3rd percentile

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

2016

Revenue$3,375
Expenses$15,853
Net Income-$12,478
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 8, 2016
Return Version
2015v2.1
Gross Receipts
$3,375
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 young americans to explore studies and careers in the life sciences. The foundation develops and promotes programs designed to encourage young students to choose studies and careers in these fields. The foudation also equips, encourages, and enthuses teachers of these students during the school year and in summer programs.

Program Services

DescriptionGrantsExpenses
The foundation supports summer internships of students in real world company settings by supplemental awards.$0$3,500
For the 6th year Virginia Bio seved 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 Biogenius Challenge held in June 2016 in San Francisco, CA.$0$1,000
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 the three most outstanding biotechnology related projects.$0$500
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark A HerzogTreasurer-$0--
Jeff GallagherSecretary-$0--
Jim PowersChairman-$0--
Nicole HastingsDirector-$0--
Denise ToneyDirector-$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
Jeff Gallagher
Title
Secretary
Phone
8046436360
Signed
2016-11-08
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 10 - Payments to Affiliates

“Affiliate Name: Virginia Biotechnology Association. Affiliate Address: 800 E. Leigh Street Richmond, VA 23219. Purpose of Payment: Staff and material support for the year ended June 30, 2016. Amount of Payment: 10,000.”

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: Summer FOCUS Camp Scholarship. Grantee Name: George Mason University. Grantee Address: 4400 University Drive, MSN 5c3 Fairfax, VA 22030. Property Description: Cash. Date of Gift: 05/25/16. Amount Given: 1,000.”

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

“Description: Internship Expenses. Amount: 3,500. Description: State Science Fair Expenses. Amount: 500. Description: Taxes . Amount: 155. Description: Bank fees. Amount: 698. Total to Form 990-EZ, line 16: 4,853.”

Raw XML Appendix153 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 YOUNG AMERICANS TO EXPLORE STUDIES AND CAREERS IN THE LIFE SCIENCES. THE FOUNDATION DEVELOPS AND PROMOTES PROGRAMS DESIGNED TO ENCOURAGE YOUNG STUDENTS TO CHOOSE STUDIES AND CAREERS IN THESE FIELDS. THE FOUDATION ALSO EQUIPS, ENCOURAGES, AND ENTHUSES TEACHERS OF THESE STUDENTS DURING THE SCHOOL YEAR AND IN SUMMER PROGRAMS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Affiliate Name: Virginia Biotechnology Association. Affiliate Address: 800 E. Leigh Street Richmond, VA 23219. Purpose of Payment: Staff and material support for the year ended June 30, 2016. Amount of Payment: 10,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Classification: Summer FOCUS Camp Scholarship. Grantee Name: George Mason University. Grantee Address: 4400 University Drive, MSN 5c3 Fairfax, VA 22030. Property Description: Cash. Date of Gift: 05/25/16. Amount Given: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: Internship Expenses. Amount: 3,500. Description: State Science Fair Expenses. Amount: 500. Description: Taxes . Amount: 155. Description: Bank fees. Amount: 698. Total to Form 990-EZ, line 16: 4,853.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10 - Payments to Affiliates
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 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/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum08046436360
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Virginia Bioscience Foundation
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ryan Losi CPA
ReturnHeader/ReturnTs02016-11-29T14:01:04-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,774
Liabilities
$0
Net assets
$13,774
Revenue
$3,375
Expenses
$15,853
Net income
-$12,478
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