Civic Intelligence

Memphis Bioworks Foundation

990 • Fiscal year 2011 • EIN 62-1858660

Jan 01, 2011 to Dec 31, 2011 • Filed on Oct 04, 2012

20 S Dudley Ste 90038103
Siviq Scores

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

Liabilities / Assets

30th percentile

0.16x

Higher debt load relative to assets than 30% of similar nonprofits.

2011 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$55,860,786

No earlier filing loaded for comparison.

Net Assets

$46,692,057

No earlier filing loaded for comparison.

Liabilities

$9,168,729

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$5,193,743

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $55,860,786Liabilities 2011: $9,168,729Net Assets 2011: $46,692,0572011Assets 2012: $55,221,626Liabilities 2012: $8,759,341Net Assets 2012: $46,462,2852012Assets 2013: $53,968,541Liabilities 2013: $8,555,267Net Assets 2013: $45,413,2742013Assets 2014: $55,588,845Liabilities 2014: $10,131,238Net Assets 2014: $45,457,6072014Assets 2015: $57,681,841Liabilities 2015: $10,787,995Net Assets 2015: $46,893,8462015Assets 2016: $60,296,490Liabilities 2016: $13,055,243Net Assets 2016: $47,241,2472016Assets 2017: $62,148,852Liabilities 2017: $15,063,515Net Assets 2017: $47,085,3372017Assets 2018: $67,710,542Liabilities 2018: $14,667,067Net Assets 2018: $53,043,4752018Assets 2019: $23,993,312Liabilities 2019: $16,587,065Net Assets 2019: $7,406,2472019Assets 2020: $21,310,849Liabilities 2020: $13,109,389Net Assets 2020: $8,201,4602020Assets 2021: $6,047,652Liabilities 2021: $96,925Net Assets 2021: $5,950,7272021Assets 2022: $6,080,785Liabilities 2022: $96,925Net Assets 2022: $5,983,8602022Assets 2023: $6,032,986Liabilities 2023: $96,925Net Assets 2023: $5,936,0612023Assets 2024: $6,004,433Liabilities 2024: $96,925Net Assets 2024: $5,907,5082024

Highlighted filing

2011

Assets$55,860,786
Liabilities$9,168,729
Net Assets$46,692,057

Operations Trend

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

$20M$10M$0-$10M-$20MExpenses 2011: $5,193,7432011Expenses 2012: $4,623,8142012Revenue 2013: $2,935,544Expenses 2013: $3,984,555Net Income 2013: -$1,049,0112013Revenue 2014: $4,615,615Expenses 2014: $4,571,282Net Income 2014: $44,3332014Revenue 2015: $7,682,963Expenses 2015: $6,246,102Net Income 2015: $1,436,8612015Revenue 2016: $7,755,633Expenses 2016: $7,425,232Net Income 2016: $330,4012016Revenue 2017: $6,737,187Expenses 2017: $6,893,097Net Income 2017: -$155,9102017Revenue 2018: $4,798,717Expenses 2018: $5,286,428Net Income 2018: -$487,7112018Revenue 2019: $4,653,644Expenses 2019: $6,398,513Net Income 2019: -$1,744,8692019Revenue 2020: $1,891,024Expenses 2020: $11,858,564Net Income 2020: -$9,967,5402020Revenue 2021: $238,794Expenses 2021: $13,646,151Net Income 2021: -$13,407,3572021Revenue 2022: $2,258Expenses 2022: $19,125Net Income 2022: -$16,8672022Revenue 2023: $21Expenses 2023: $47,820Net Income 2023: -$47,7992023Revenue 2024: $0Expenses 2024: $28,553Net Income 2024: -$28,5532024

Highlighted filing

2011

Revenue-
Expenses$5,193,743
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Oct 4, 2012
Return Version
2011v1.2
Gross Receipts
$13,875,060
Mission and Program Overview

Mission

The foundation is executing a strategic business plan that leverages the competitive strengths within the region while expanding the infrastructure, educational opportunities, and entrepreneur support needed to expand entrepreneurship.

Major Activities

Activity 2
Managed department of labor grant focused on training workers.(total persons benefited: >200)
Activity 3
Developed plans and initiated strategies for networking opportunities for life science companies and their employees.(total persons benefited: >1,000)
Filing and Contact Details

Filer

EIN
62-1858660
Raw XML AppendixShowing 400 of 997 raw XML fields

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IRS990/MissionDescription0MEMPHIS BIOWORKS FOUNDATION AND SUBSIDIARIES WAS FORMED AS A PUBLIC FOUNDATION TO ESTABLISH THE MEMPHIS, TENNESSEE REGION AS AN INTERNATIONALLY RECOGNIZED CENTER FOR BIOMEDICAL AND BIOTECHNOLOGY RESEARCH. THE FOUNDATION IS THE OUTGROWTH OF PLANS AND INITIATIVES COMMENCED BY THE CITY OF MEMPHIS AND SHELBY COUNTY TO ADDRESS CONCERNS REGARDING MEMPHIS' ABILITY TO ATTRACT AND RETAIN RESEARCH PHYSICIANS IN THE FIELDS OF BIOTECHNOLOGY AND BIOMEDICINE, AND THE DETERIORATION OF THE DOWNTOWN MEDICAL CENTER AREA. THE FOUNDATION INTENDS TO ADDRESS THESE CONCERNS BY CREATING AN INCUBATOR RESEARCH PARK TO SUPPORT UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER ON PROPERTY DONATED TO THE FOUNDATION BY BAPTIST MEMORIAL HOSPITAL IN THE MEDICAL DISTRICT ADJACENT TO THE UTHSC CAMPUS. THE FOUNDATION ALSO PLANS TO MAKE GRANTS TO UTHSC RESEARCH PHYSICIANS AND CREATE PROGRAMS TO PROVIDE INTERNSHIPS WITH INCUBATOR TENANTS TO STUDENTS INTERESTED IN SCIENCE.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/EOY07301280
IRS990/NameOfPrincipalOfficerPerson0STEVEN J BARES PHD
IRS990/NbrIndependentVotingMembers013
IRS990/NbrVotingGoverningBodyMembers015
IRS990/NbrVotingMembersGoverningBody015
IRS990/NetAssetsOrFundBalancesBOY038864812
IRS990/NetAssetsOrFundBalancesEOY046692057
IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn00
IRS990/NetRentalIncomeOrLoss/ExclusionAmount0-428001
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn0-428001
IRS990/NetUnrelatedBusinessTxblIncome0-230824
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096026
IRS990/NumberIndependentVotingMembers013
IRS990/NumberIndividualsGT100K06
IRS990/NumberOfContractorsGT100K05
IRS990/NumberOfEmployees028
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral09200
IRS990/Occupancy/ProgramServices082800
IRS990/Occupancy/Total092000
IRS990/OfficeExpenses/ManagementAndGeneral03077
IRS990/OfficeExpenses/ProgramServices027689
IRS990/OfficeExpenses/Total030766
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY018300
IRS990/OtherAssetsTotal/EOY029055
IRS990/OtherEmployeeBenefits/Fundraising07515
IRS990/OtherEmployeeBenefits/ManagementAndGeneral015029
IRS990/OtherEmployeeBenefits/ProgramServices052602
IRS990/OtherEmployeeBenefits/Total075146
IRS990/OtherExpensePriorYear01304729
IRS990/OtherExpensesCurrentYear01643979
IRS990/OtherExpenses/Description0BAD DEBTS
IRS990/OtherExpenses/Description1OTHER EXPENSES
IRS990/OtherExpenses/Description2TELEPHONE
IRS990/OtherExpenses/Description3MEALS & ENTERTAINMENT
IRS990/OtherExpenses/ManagementAndGeneral024838
IRS990/OtherExpenses/ManagementAndGeneral16348
IRS990/OtherExpenses/ManagementAndGeneral24955
IRS990/OtherExpenses/ManagementAndGeneral33519
IRS990/OtherExpenses/ProgramServices0223545
IRS990/OtherExpenses/ProgramServices157129
IRS990/OtherExpenses/ProgramServices244599
IRS990/OtherExpenses/ProgramServices331673
IRS990/OtherExpenses/Total0248383
IRS990/OtherExpenses/Total163477
IRS990/OtherExpenses/Total249554
IRS990/OtherExpenses/Total335192
IRS990/OtherLiabilities/BOY0244144
IRS990/OtherLiabilities/EOY0244144

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.00$0.10$5.91$0.00$0.03$0.03
2023Detailed filing. Detailed filing data is available for this year.$6.03$0.10$5.94$0.00$0.05$0.05
2022Detailed filing. Detailed filing data is available for this year.$6.08$0.10$5.98$0.00$0.02$0.02
2021Detailed filing. Detailed filing data is available for this year.$6.05$0.10$5.95$0.24$13.6$13.4
2020Detailed filing. Detailed filing data is available for this year.$21.3$13.1$8.20$1.89$11.9$9.97
2019Detailed filing. Detailed filing data is available for this year.$24.0$16.6$7.41$4.65$6.40$1.74
2018Detailed filing. Detailed filing data is available for this year.$67.7$14.7$53.0$4.80$5.29$0.49
2017Detailed filing. Detailed filing data is available for this year.$62.1$15.1$47.1$6.74$6.89$0.16
2016Detailed filing. Detailed filing data is available for this year.$60.3$13.1$47.2$7.76$7.43$0.33
2015Detailed filing. Detailed filing data is available for this year.$57.7$10.8$46.9$7.68$6.25$1.44
2014Detailed filing. Detailed filing data is available for this year.$55.6$10.1$45.5$4.62$4.57$0.04
2013Detailed filing. Detailed filing data is available for this year.$54.0$8.56$45.4$2.94$3.98$1.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.2$8.76$46.5$4.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.9$9.17$46.7$5.19