Civic Intelligence

Applied Biomedical Science Institute

990 • Fiscal year 2022 • EIN 82-5056708

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 16, 2023

Organization ProfileWWW.ABSINSTITUTE.ORG
11011 Via Frontera Suite DSan Diego, CA 92127

(858) 346-6300

Siviq Scores

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

Liabilities / Assets

91st percentile

0.77x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.63x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

34th percentile

-0.5%

Higher net margin than 34% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

85th percentile

$156,078

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

95th percentile

119%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

30%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$2,861,100

Up $1,553,065 (+119%) from 2021

Net Assets

Down

$662,126

Down $117,371 (-15%) from 2021

Liabilities

Up

$2,198,974

Up $1,670,436 (+316%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin34th percentile

Revenue

Up

$3,480,044

Up $797,631 (+30%) from 2021

Expenses

Up

$3,496,560

Up $917,723 (+36%) from 2021

Net Income

Down

-$16,516

Down $120,092 (-116%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2022

Assets$2,861,100
Liabilities$2,198,974
Net Assets$662,126
Open 2022 Filing

Operations Trend

Revenue Growth73rd 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

2022

Revenue$3,480,044
Expenses$3,496,560
Net Income-$16,516
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 16, 2023
Return Version
2022v5.0
Gross Receipts
$3,552,807
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$227,172$855,890▲ $628,718
Accounts Receivable$414,658$568,515▲ $153,857
Investments Other Securities$281,404$237,660▼ $43,744
Loans From Officers Directors$185,170$193,841▲ $8,671
Cash and Non-Interest-Bearing Accounts$37,252$177,389▲ $140,137
Pledges and Grants Receivable$115,071$127,852▲ $12,781
Prepaid Expenses and Deferred Charges$16,169$0▼ $16,169
Savings and Temporary Cash Investments$5,469$1,771▼ $3,698
Total Assets$1,308,035$2,861,100▲ $1,553,065
Other Assets Total$210,840$892,023▲ $681,183
Liabilities
Other Liabilities$23,266$753,306▲ $730,040
Unsecured Notes Loans Payable$0$556,378▲ $556,378
Deferred Revenue$0$387,500▲ $387,500
Accounts Payable and Accrued Expenses$320,102$307,949▼ $12,153
Total Liabilities$528,538$2,198,974▲ $1,670,436
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$779,497$662,126▼ $117,371
Total Net Assets Fund Balance$779,497$662,126▼ $117,371
Total Liabilities and Net Assets / Fund Balance$1,308,035$2,861,100▲ $1,553,065

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$827,111$349,519$1,176,630
Leasehold Improvements$28,779$21,494$50,273
Other Assets Org$2,364--
Other Securities$237,660--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vaughn SmiderPresidentFT$135,561$20,517$156,078
Peter SloverChief Finanical OfficerPT$49,875-$49,875

Board Members and Trustees

NameTitle
David RabukaBoard Member
James LarrickBoard Member
Ronald MartellBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$2,142,884
Program Service Revenue
$1,335,984
Investment Income
$1,168
Other Revenue
$8
All Other Contributions
$1,021
Change in Net Assets
$-16,516

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,480,044
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-48,256
Total Revenue per Audited Statements
$3,431,788
Total Revenue per Form 990
$3,480,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,786,671
Salaries, Compensation, and Employee Benefits$1,709,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$960,347$339,541-$1,299,888
Occupancy$220,981$47,076-$268,057
Current Officers, Directors, Trustees, and Key Employees$71,796$134,157-$205,953
Fees for Services Legal-$158,599-$158,599
Depreciation Depletion$142,041--$142,041
Fees for Services Other$44,576$85,205-$129,781
Payroll Taxes$75,656$29,349-$105,005
Other Employee Benefits$71,752$27,291-$99,043
All Other Expenses$8,211$55,359-$63,570
Office Expenses$10,637$45,129-$55,766
Fees for Services Accounting-$53,610-$53,610
Interest-$19,380-$19,380
Other Expenses$16,171$13,163-$16,171
Insurance$7,197$3,236-$10,433
Information Technology-$6,234-$6,234
Conferences and Meetings-$5,538-$5,538
Travel$377$4,200-$4,577
Advertising-$1,537-$1,537
Total Functional Expenses$2,467,956$1,028,604$0$3,496,560

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,496,560
Total Expenses per Audited Statements$3,496,560
Total Expenses per Form 990$3,496,560
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-65% OWNED BY BOARD PRESIDENTTransactions Under Services AgreementNo$399,642
-65% OWNED BY BOARD PRESIDENTEquity InvestmentNo$100,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$185,170$193,841▲ $8,671
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$753,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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. If the disclosure form reveals a significant financial interest, it will be reviewed promptly by the institutional official or designee for a determination of whether it constitutes a financial conflict of interest. If a financial conflict of interest exists, the institutional official will take action to manage the financial conflict of interest including the reduction or elimination of the conflict, as appropriate. The institutional official may consult the president, board of directors, or an independent consultant for guidance in specific cases, or in the application of the policy to particular situations.”

Form 990, Part VI, Section B, Line 15

“Compensation is based on nih (national institutes of health) funded salaries for a full professor. The president's salary is well below the nih maximum ($212,100), and industry average.”

Form 990, Part VI, Section C, Line 19

“Many of the organization's policies, including the conflict of interest policy, are available on the organization's website. 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
11011 VIA FRONTERA SUITE D, SAN DIEGO, CA 92127

Signing Officer

Name
Vaughn Smider
Title
President
Phone
8583466300
Signed
2023-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vaughn Smider
Formed
2018
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
19
Volunteers
3

Preparer

Firm
Armanino Llp
Address
2700 CAMINO RAMON STE 350, SAN RAMON, CA 94583-5004
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Abs institute is exempt from income taxes under section 501(c)(3) of the internal revenue code and section 23701(d) of the california revenue and taxation code. Abs institute, however, may be subject to tax on income which is not related to its exempt purpose. For the year ended december 31, 2022, no such unrelated business taxable income was reported and, therefore, no provision for income taxes has been made. Abs institute follows u.s. Gaap related to the recognition of uncertain tax positions. Abs institute recognizes accrued interest and penalties associated with uncertain tax positions as part of the statement of activities when applicable. Management has determined that abs institute has no uncertain tax positions at december 31, 2022 and therefore no amounts have been accrued.”

Raw XML AppendixShowing 400 of 516 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0320102
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0307949
IRS990/AccountsReceivableGrp/BOYAmt0414658
IRS990/AccountsReceivableGrp/EOYAmt0568515
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PERFORM CUTTING EDGE BASIC AND TRANSLATIONAL RESEARCH ENABLING MEDICAL INNOVATION.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01537
IRS990/AdvertisingGrp/TotalAmt01537
IRS990/AllOtherContributionsAmt01021
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt055359
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08211
IRS990/AllOtherExpensesGrp/TotalAmt063570
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VAUGHN SMIDER
IRS990/BooksInCareOfDetail/PhoneNum08583466300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt011011 VIA FRONTERA SUITE D
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN DIEGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd092127
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt037252
IRS990/CashNonInterestBearingGrp/EOYAmt0177389
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0134157
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt071796
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0205953
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt05538
IRS990/ConferencesMeetingsGrp/TotalAmt05538
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02142884
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01168
IRS990/CYOtherExpensesAmt01786671
IRS990/CYOtherRevenueAmt08
IRS990/CYProgramServiceRevenueAmt01335984
IRS990/CYRevenuesLessExpensesAmt0-16516
IRS990/CYSalariesCompEmpBnftPaidAmt01709889
IRS990/CYTotalExpensesAmt03496560
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03480044
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt0387500
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0142041
IRS990/DepreciationDepletionGrp/TotalAmt0142041
IRS990/Desc0THE APPLIED BIOMEDICAL SCIENCE INSTITUTE (AKA ABS INSTITUTE) IS FORMED TO PROMOTE AND PERFORM BIOMEDICAL RESEARCH INVOLVING BIOLOGICAL MECHANISMS OF DISEASE PATHOGENESIS AND RESOLUTION. THE INSTITUTE WILL PERFORM BASIC AND TRANSLATIONAL BIOMEDICAL RESEARCH, INCLUDING MOLECULAR, GENETIC, CELLULAR, AND PHYSIOLOGICAL STUDIES, AND PUBLISH ITS RESULTS IN PUBLICLY ACCESSIBLE PEER REVIEWED PUBLICATIONS, AS WELL AS PRESENTATIONS AT NATIONAL AND INTERNATIONAL SCIENTIFIC MEETINGS AND CONFERENCES. THE INSTITUTE PROMOTES THERAPEUTIC TRANSLATION THROUGH INTERNAL RESEARCH, COLLABORATIONS, OR LICENSING ACTIVITIES OF ITS RESEARCH FINDINGS OR INTELLECTUAL PROPERTY. THE INSTITUTE TRAINS EARLY STAGE RESEARCHERS IN BIOMEDICAL RESEARCH THROUGH POST-DOCTORAL FELLOW AND INTERNSHIP PROGRAMS. A PART OF THE INSTITUTE'S ACTIVITIES WILL BE TO PROMOTE EDUCATION AND PROVIDE RESOURCES THROUGH ITS WEBSITE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt019
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02467956
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt053610
IRS990/FeesForServicesAccountingGrp/TotalAmt053610
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0158599
IRS990/FeesForServicesLegalGrp/TotalAmt0158599
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt085205
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt044576
IRS990/FeesForServicesOtherGrp/TotalAmt0129781
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt410.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt013317
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0VAUGHN SMIDER
IRS990/Form990PartVIISectionAGrp/PersonNm1RONALD MARTELL
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES LARRICK
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID RABUKA
IRS990/Form990PartVIISectionAGrp/PersonNm4PETER SLOVER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0142761
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt449875
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF FINANICAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-2186
IRS990/GainOrLossGrp/SecuritiesAmt0-5689
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt02141863
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt064888
IRS990/GrossReceiptsAmt03552807
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt06234
IRS990/InformationTechnologyGrp/TotalAmt06234
IRS990/InsuranceGrp/ManagementAndGeneralAmt03236
IRS990/InsuranceGrp/ProgramServicesAmt07197
IRS990/InsuranceGrp/TotalAmt010433
IRS990/InterestGrp/ManagementAndGeneralAmt019380
IRS990/InterestGrp/TotalAmt019380
IRS990/InvestmentIncomeGrp/ExclusionAmt09043
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09043
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0281404
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0237660
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0371013
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0227172
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0855890
IRS990/LandBldgEquipCostOrOtherBssAmt01226903
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02186
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt070577
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0185170
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0193841
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE AND PERFORM BIOMEDICAL RESEARCH TO ADVANCE THE UNDERSTANDING AND TREATMENT OF UNDERSERVED MEDICAL CONDITIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0779497
IRS990/NetAssetsOrFundBalancesEOYAmt0662126
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-7875
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7875
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-48256
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0779497
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0662126
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt047076
IRS990/OccupancyGrp/ProgramServicesAmt0220981
IRS990/OccupancyGrp/TotalAmt0268057
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt045129
IRS990/OfficeExpensesGrp/ProgramServicesAmt010637
IRS990/OfficeExpensesGrp/TotalAmt055766
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0210840
IRS990/OtherAssetsTotalGrp/EOYAmt0892023
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt027291
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt071752
IRS990/OtherEmployeeBenefitsGrp/TotalAmt099043
IRS990/OtherExpensesGrp/Desc0LAB EQUIPMENT/SUPPLIES
IRS990/OtherExpensesGrp/Desc1SCIENTIFIC SERVICES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DNA SEQUENCING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013163
IRS990/OtherExpensesGrp/ProgramServicesAmt0573776
IRS990/OtherExpensesGrp/ProgramServicesAmt1153385
IRS990/OtherExpensesGrp/ProgramServicesAmt2111053
IRS990/OtherExpensesGrp/ProgramServicesAmt316171
IRS990/OtherExpensesGrp/TotalAmt0573776
IRS990/OtherExpensesGrp/TotalAmt1153385
IRS990/OtherExpensesGrp/TotalAmt2124216
IRS990/OtherExpensesGrp/TotalAmt316171
IRS990/OtherLiabilitiesGrp/BOYAmt023266
IRS990/OtherLiabilitiesGrp/EOYAmt0753306
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt08
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08
IRS990/OtherRevenueTotalAmt08
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0339541
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0960347
IRS990/OtherSalariesAndWagesGrp/TotalAmt01299888
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029349
IRS990/PayrollTaxesGrp/ProgramServicesAmt075656
IRS990/PayrollTaxesGrp/TotalAmt0105005
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0115071
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0127852
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016169
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0VAUGHN SMIDER
IRS990/PriorPeriodAdjustmentsAmt0-52599
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LICENSING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01028502
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1307482
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01028502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1307482
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01483112
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021423
IRS990/PYOtherExpensesAmt01524217
IRS990/PYOtherRevenueAmt09383
IRS990/PYProgramServiceRevenueAmt01168495
IRS990/PYRevenuesLessExpensesAmt0103576
IRS990/PYSalariesCompEmpBnftPaidAmt01054620
IRS990/PYTotalExpensesAmt02578837
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02682413
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-16516
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01335984
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05469
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01771
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2021 AMOUNT: $ 9,383. 2022 AMOUNT: $ 8.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02142884
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01483112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01321927
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0772688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0422367
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06142978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09959
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02347
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023897
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02638934
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt09383
IRS990ScheduleA/OtherIncome170Grp/TotalAmt09391
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt04707683
IRS990ScheduleA/SubstantialContributorsTotAmt01435295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02142884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01483112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01321927
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0772688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0422367
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06142978
IRS990ScheduleA/TotalSupportAmt06176266
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0827111
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0349519
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01176630
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03496560
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt028779
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021494
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt050273
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-48256
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt050000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2739659
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt32364
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECUITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENTS WITH RELATED ENTITY - MINOTAUR
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT OF USE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER CURRENT ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0753306
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE LIABILITY
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0237660
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-48256
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03480044
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ABS INSTITUTE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ABS INSTITUTE, HOWEVER, MAY BE SUBJECT TO TAX ON INCOME WHICH IS NOT RELATED TO ITS EXEMPT PURPOSE. FOR THE YEAR ENDED DECEMBER 31, 2022, NO SUCH UNRELATED BUSINESS TAXABLE INCOME WAS REPORTED AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. ABS INSTITUTE FOLLOWS U.S. GAAP RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. ABS INSTITUTE RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE STATEMENT OF ACTIVITIES WHEN APPLICABLE. MANAGEMENT HAS DETERMINED THAT ABS INSTITUTE HAS NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022 AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0855890
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0892023
IRS990ScheduleD/TotalBookValueSecuritiesAmt0237660
IRS990ScheduleD/TotalExpensesPerForm990Amt03496560
IRS990ScheduleD/TotalLiabilityAmt0753306
IRS990ScheduleD/TotalRevenuePerForm990Amt03480044
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03431788
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03496560
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0135561
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount07200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013317
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0VAUGHN SMIDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0156078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0VAUGHN SMIDER, PRESIDENT, RECEIVED A DISCRETIONARY BONUS OF $7,200 DURING THE YEAR THAT WAS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 7
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MINOTAUR THERAPEUTICS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1MINOTAUR THERAPEUTICS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt065% OWNED BY BOARD PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt165% OWNED BY BOARD PRESIDENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0399642
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1100000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TRANSACTIONS UNDER SERVICES AGREEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1EQUITY INVESTMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0113900
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt179941
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0MINOTAUR THERAPEUTICS INC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,861,100
Liabilities
$2,198,974
Net assets
$662,126
Revenue
$3,480,044
Expenses
$3,496,560
Net income
-$16,516
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