Civic Intelligence

Applied Biomedical Science Institute

990 • Fiscal year 2019 • EIN 82-5056708

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 02, 2020

Organization ProfileWWW.ABSINSTITUTE.ORG
10929 Technology PlaceSan Diego, CA 92127

(858) 346-6300

Siviq Scores

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

Liabilities / Assets

85th percentile

0.50x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.33x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

35th percentile

-1.6%

Higher net margin than 35% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

93rd percentile

84%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

91%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$531,581

Up $242,266 (+84%) from 2018

Net Assets

Down

$263,316

Down $19,521 (-6.9%) from 2018

Liabilities

Up

$268,265

Up $261,787 (+4041%) from 2018

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin35th percentile

Revenue

Up

$808,396

Up $386,029 (+91%) from 2018

Expenses

Up

$821,276

Up $681,746 (+489%) from 2018

Net Income

Down

-$12,880

Down $295,717 (-105%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$3.0M$2.0M$1.0M$0Assets 2018: $289,315Liabilities 2018: $6,478Net Assets 2018: $282,8372018Assets 2019: $531,581Liabilities 2019: $268,265Net Assets 2019: $263,3162019Assets 2020: $871,362Liabilities 2020: $264,681Net Assets 2020: $606,6812020Assets 2021: $1,308,035Liabilities 2021: $528,538Net Assets 2021: $779,4972021Assets 2022: $2,861,100Liabilities 2022: $2,198,974Net Assets 2022: $662,1262022Assets 2023: $2,783,859Liabilities 2023: $2,110,968Net Assets 2023: $672,8912023Assets 2024: $2,583,136Liabilities 2024: $1,637,229Net Assets 2024: $945,9072024

Highlighted filing

2019

Assets$531,581
Liabilities$268,265
Net Assets$263,316
Open 2019 Filing

Operations Trend

Revenue Growth92nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $422,367Expenses 2018: $139,530Net Income 2018: $282,8372018Revenue 2019: $808,396Expenses 2019: $821,276Net Income 2019: -$12,8802019Revenue 2020: $1,425,569Expenses 2020: $1,101,932Net Income 2020: $323,6372020Revenue 2021: $2,682,413Expenses 2021: $2,578,837Net Income 2021: $103,5762021Revenue 2022: $3,480,044Expenses 2022: $3,496,560Net Income 2022: -$16,5162022Revenue 2023: $4,081,942Expenses 2023: $4,101,586Net Income 2023: -$19,6442023Revenue 2024: $4,539,463Expenses 2024: $4,281,826Net Income 2024: $257,6372024

Highlighted filing

2019

Revenue$808,396
Expenses$821,276
Net Income-$12,880
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 2, 2020
Return Version
2019v5.1
Gross Receipts
$808,396
Mission and Program Overview

Mission

To promote and perform basic and biomedical research to advance the understanding and treatment of underserved medical conditions.

Perform cutting edge basic and translational research enabling medical innovation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$284,049$247,372▼ $36,677
Loans From Officers Directors$0$219,164▲ $219,164
Pledges and Grants Receivable$0$213,558▲ $213,558
Cash and Non-Interest-Bearing Accounts$5,266$62,411▲ $57,145
Total Assets$289,315$531,581▲ $242,266
Other Assets Total$0$8,240▲ $8,240
Liabilities
Accounts Payable and Accrued Expenses$6,478$48,301▲ $41,823
Other Liabilities$0$800▲ $800
Total Liabilities$6,478$268,265▲ $261,787
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$282,837$263,316▼ $19,521
Total Net Assets Fund Balance$282,837$263,316▼ $19,521
Total Liabilities and Net Assets / Fund Balance$289,315$531,581▲ $242,266

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$247,372$66,943$314,315
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Vaughn SmiderPresidentFT$153,741$153,741
Peter SloverCFO Start 9/24/2019PT$7,837$7,837

Board Members and Trustees

NameTitle
James LarrickBoard Member
Ronald MartellBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$772,688
Program Service Revenue
$33,361
Investment Income
$0
Other Revenue
$2,347
All Other Contributions
$18,918
Change in Net Assets
$-12,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$448,207
Salaries, Compensation, and Employee Benefits$373,069
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$99,931$61,646-$161,577
Other Salaries and Wages$147,066$12,060-$159,126
Occupancy$69,917$66,831-$136,748
Depreciation Depletion$62,002--$62,002
Fees for Services Accounting-$30,943-$30,943
Other Employee Benefits$23,129$6,175-$29,304
All Other Expenses$9,565$15,482-$25,047
Payroll Taxes$18,496$4,566-$23,062
Fees for Services Other-$20,161-$20,161
Other Expenses$12,142$0-$12,142
Insurance-$9,779-$9,779
Fees for Services Legal-$9,474-$9,474
Office Expenses-$3,567-$3,567
Travel$3,131--$3,131
Information Technology-$882-$882
Conferences and Meetings$318--$318
Interest-$78-$78
Total Functional Expenses$579,632$241,644$0$821,276
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$219,164▲ $219,164
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Rental$800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Chief financial officer duties have been delegated to peter slover, independent contractor.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to all board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to sign the annual conflict of interest disclosure form.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Organization provides governing documents and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Applied Biomedical Science Institute
EIN
82-5056708
Phone
8583466300
Address
10929 TECHNOLOGY PLACE, SAN DIEGO, CA 92127

Signing Officer

Name
Vaughn Smider
Title
President
Phone
8583466300
Signed
2020-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vaughn Smider
Formed
2018
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
2
Employees
6
Volunteers
0

Preparer

Firm
Aldrich Cpas and Advisors Llp
Address
7676 HAZARD CENTER DRIVE STE 1300, SAN DIEGO, CA 92108
Preparer
Catherine a Preciso Smith
Phone
6198104940
Supplemental Narrative

Additional Explanations

PART XII LINE 3B:

“The organization is in the process of identifying a firm to complete the audit as required and it will be completed by the required deadline”

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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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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VAUGHN SMIDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0153741
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0129000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt190164
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0TAURUS BIOSCIENCES LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0GENERAL OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1START-UP ACTIVITIES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt190164
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0VAUGHN SMIDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT: BOARD MEMBER AND OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1MORE THAN 35% CONTROLLED ENTITY OF PRESIDENT/BOARD MEMBER, VAUGHN SMIDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/TotalBalanceDueAmt0219164
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHIEF FINANCIAL OFFICER DUTIES HAVE BEEN DELEGATED TO PETER SLOVER, INDEPENDENT CONTRACTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO SIGN THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION PROVIDES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION IS IN THE PROCESS OF IDENTIFYING A FIRM TO COMPLETE THE AUDIT AS REQUIRED AND IT WILL BE COMPLETED BY THE REQUIRED DEADLINE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII LINE 3B:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd01
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0579632
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06478
IRS990/TotalLiabilitiesEOYAmt0268265
IRS990/TotalLiabilitiesGrp/BOYAmt06478
IRS990/TotalLiabilitiesGrp/EOYAmt0268265
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0282837
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0263316
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0579632
IRS990/TotalProgramServiceRevenueAmt033361
IRS990/TotalReportableCompFromOrgAmt0161578
IRS990/TotalRevenueGrp/ExclusionAmt02347
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt033361
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0808396
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0289315
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0531581
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03131
IRS990/TravelGrp/TotalAmt03131
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010929 TECHNOLOGY PLACE
IRS990/USAddress/CityNm0SAN DIEGO
IRS990/USAddress/StateAbbreviationCd0CA
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IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.ABSINSTITUTE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VAUGHN SMIDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08583466300
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0APPLIED BIOMEDICAL SCIENCE INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0APPL
ReturnHeader/Filer/EIN0825056708

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$531,581
Liabilities
$268,265
Net assets
$263,316
Revenue
$808,396
Expenses
$821,276
Net income
-$12,880
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$1.64$0.95$4.54$4.28$0.26
2023Detailed filing. Detailed filing data is available for this year.$2.78$2.11$0.67$4.08$4.10$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.86$2.20$0.66$3.48$3.50$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.31$0.53$0.78$2.68$2.58$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.87$0.26$0.61$1.43$1.10$0.32
2019Detailed filing. Detailed filing data is available for this year.$0.53$0.27$0.26$0.81$0.82$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.42$0.14$0.28