Civic Intelligence

The Virginia Bioscience Foundation

990EZ • Fiscal year 2017 • EIN 41-2256183

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

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

54th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

3rd percentile

-179%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

15th percentile

-31%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

16th percentile

-30%

Faster revenue growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$9,558

Down $4,216 (-31%) from 2016

Net Assets

Down

$9,558

Down $4,216 (-31%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin3rd percentile

Revenue

Down

$2,350

Down $1,025 (-30%) from 2016

Expenses

Down

$6,566

Down $9,287 (-59%) from 2016

Net Income

Up

-$4,216

Up $8,262 (+66%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2017

Assets$9,558
Liabilities$0
Net Assets$9,558
Open 2017 Filing

Operations Trend

Revenue Growth16th 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

2017

Revenue$2,350
Expenses$6,566
Net Income-$4,216
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$2,350
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
The Foundation has continued to solicit summer internship award applicants, and has approved 4 awards (to three 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$4,000
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 three biotechnology related projects.$0$500
For the 7th 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 2017.$0$0
The foundation launched planning for the Virginia Life Science Workforce Initiative, for full programmatic role out in 2018.$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--
Eric RhoadesDirector-$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/Treasurer
Phone
8046436360
Signed
2018-05-08
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 16 - Other Expenses

“Description: Internship Expenses. Amount: 4,000. Description: State Science Fair Expenses. Amount: 500. Description: Taxes. Amount: 130. Description: Bank fees. Amount: 469. Description: Travel. Amount: 400. Description: Training & Website. Amount: 67. Description: Workforce Development Initiative. Amount: 1,000. Total to Form 990-EZ, line 16: 6,566.”

Raw XML Appendix158 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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ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,558
Liabilities
$0
Net assets
$9,558
Revenue
$2,350
Expenses
$6,566
Net income
-$4,216
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