Overview
What is New Orleans Bio Innovation Center Inc?
The New Orleans Bio Innovation Center Inc is a nonprofit entity situated at 1441 Canal Street, New Orleans, LA 70112. Their primary mission is to manage a biotechnology incubator facility, fostering the development and growth of a thriving life science industry in New Orleans. They offer subsidized wet laboratory and office rentals to budding biotechnology and healthcare companies, many of which originate from local university research. By providing this support, the New Orleans Bio Innovation Center Inc plays a crucial role in nurturing and promoting the expansion of this sector in the city. With a dedicated workforce of 14 individuals, this organization is committed to bolstering New Orleans' biotechnology industry and contributing to its overall economic development.
Is New Orleans Bio Innovation Center Inc legitimate?
New Orleans Bio Innovation Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Orleans Bio Innovation Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $214,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $273,332
For more financial information, click here
What is the mission statement of New Orleans Bio Innovation Center Inc?
The New Orleans Bio Innovation Center Inc's mission is centered around managing a biotechnology incubator facility. Their primary objective is to foster and bolster the life science industry by providing developmental support. This is achieved by offering subsidized wet laboratory and office rentals to startup biotechnology and healthcare companies, many of which are derived from local university research. The center aims to create an environment that encourages innovation and growth within the life science sector.
Who is the CEO of New Orleans Bio Innovation Center Inc?
Kristopher Khalil is the Board Member of New Orleans Bio Innovation Center Inc. The CEO's salary of New Orleans Bio Innovation Center Inc is $214,500 and their total compensation is $214,500.
What is the revenue of New Orleans Bio Innovation Center Inc?
New Orleans Bio Innovation Center Inc's revenue in 2022 was $2,652,468.
Who are the executives of New Orleans Bio Innovation Center Inc and what are their salaries?
The average compensation at New Orleans Bio Innovation Center Inc during 2022 was $34,845. There are 14 employees and 6 volunteers at New Orleans Bio Innovation Center Inc.
Here are 7 key members and their salaries (New Orleans Bio Innovation Center Inc's CEO's salary is $214,500 and their total compensation is $214,500):
- Kristopher Khalil (President/Ceo)
- Robin Forman (Board Member) [Trustee/Director]
- Larry H Hollier Md (Board Member) [Trustee/Director]
- Don Pierson (Board Member) [Trustee/Director]
- Dr Steve Nelson (Vice Chairman) [Trustee/Director]
- Patrick Norton (Chairman) [Trustee/Director]
- Andre Rubenstein (Secretary/Treasurer) [Trustee/Director]
Where can I find the form 990 for New Orleans Bio Innovation Center Inc?
The New Orleans Bio Innovation Center Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of New Orleans Bio Innovation Center Inc
The New Orleans Bio Innovation Center Inc is dedicated to managing a biotechnology incubator facility with the aim of fostering and nurturing a thriving life science industry in New Orleans. This organization's mission is twofold: it provides subsidized wet laboratory and office rentals for emerging biotechnology and healthcare companies, primarily derived from local university research. By offering these resources, the New Orleans Bio Innovation Center Inc supports the growth and development of these companies, contributing to the expansion of the life science sector in the region.
Impact
This information is meant to be a general summary of New Orleans Bio Innovation Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
New Orleans Bio Innovation Center Inc plays a crucial role in fostering the growth and development of the biotechnology and healthcare sector in New Orleans. By providing wet laboratory and office space for startup companies, especially those stemming from local university research, the organization significantly contributes to the advancement of life sciences in the region. Through its efforts, New Orleans Bio Innovation Center Inc not only supports the establishment of new businesses but also facilitates collaboration and innovation within the industry, ultimately bolstering the economic landscape and job opportunities in the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VARIOUS
Revenue
$315,681
CONTRIBUTED SERVICE REVENUE
Revenue
$67,557
Organization Details
Founding Year
2002
Phone
(504) 680-2973
Principal Officer
Kristopher Khalil
Main Address
1441 CANAL STREET, NEW ORLEANS, LA, 70112
NTEE Category
Code: S302 - Community improvement
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