Civic Intelligence

The Virginia Bioscience Foundation

990EZ • Fiscal year 2018 • EIN 41-2256183

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

1st percentile

-1147%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

3rd percentile

-87%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-69%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,245

Down $8,313 (-87%) from 2017

Net Assets

Down

$1,245

Down $8,313 (-87%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$725

Down $1,625 (-69%) from 2017

Expenses

Up

$9,038

Up $2,472 (+38%) from 2017

Net Income

Down

-$8,313

Down $4,097 (-97%) from 2017

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

2018

Assets$1,245
Liabilities$0
Net Assets$1,245

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

2018

Revenue$725
Expenses$9,038
Net Income-$8,313
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$725
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
FOR THE FIRST YEAR, VIRGINIA BIO AND VIRGINIA BIO FOUNDATION LAUNCHED THE LIFE SCIENCE WORKFORCE INITIATIVE IN EARLY 2018 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. OUR ULTIMATE GOALS ARE A THRIVING LIFE SCIENCE INDUSTRY, A RESILIENT VIRGINIA ECONOMY, ACCELERATED INNOVATIONS IMPROVING THE HEALTH AND MEDICAL TREATMENT OF VIRGINIANS AND ADDRESSING THE WORLD'S NEED FOR NEW SOLUTIONS FOR FOOD AND FUEL, AND MEANINGFUL CAREERS FOR OUR CHILDREN AT HOME IN THE COMMONWEALTH. WE KICKED THIS OFF WITH THE FIRST EVER, VIRGINIA LIFE SCIENCE WORKFORCE SUMMIT IN JUNE 2018, WITH OVER 100 ATTENDEES FROM COMPANIES, COLLEGES AND UNIVERSITIES AND THE STATE.$0$1,200
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK A HERZOGVice Chairman-$0--
JEFF GALLAGHERSecretary/Treasurer-$0--
JIM POWERSChairman-$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
2019-05-14
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: state science fair scholarship awards to students. Amount: 500. Description: taxes. Amount: 25. Description: bank fees. Amount: 449. Description: travel. Amount: 400. Description: office expenses. Amount: 500. Description: vcu mpa capstone expenses statewide workforce analysis & whitepaper. Amount: 964. Description: workforce summit. Amount: 1,200. Description: contract labor- development of virtual interview series for college students. Amount: 5,000. Total to form 990-ez, line 16: 9,038.

Raw XML Appendix146 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: STATE SCIENCE FAIR SCHOLARSHIP AWARDS TO STUDENTS. AMOUNT: 500. DESCRIPTION: TAXES. AMOUNT: 25. DESCRIPTION: BANK FEES. AMOUNT: 449. DESCRIPTION: TRAVEL. AMOUNT: 400. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 500. DESCRIPTION: VCU MPA CAPSTONE EXPENSES STATEWIDE WORKFORCE ANALYSIS & WHITEPAPER. AMOUNT: 964. DESCRIPTION: WORKFORCE SUMMIT. AMOUNT: 1,200. DESCRIPTION: CONTRACT LABOR- DEVELOPMENT OF VIRTUAL INTERVIEW SERIES FOR COLLEGE STUDENTS. AMOUNT: 5,000. TOTAL TO FORM 990-EZ, LINE 16: 9,038.
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.
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ReturnHeader/ReturnTs02019-05-15T08:49:30-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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Filings