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Biodesign Challenge Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832384405 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Biodesign Challenge Inc?

Biodesign Challenge Inc is a forward-thinking nonprofit organization based in New York City, specifically at 282 11TH AVENUE 2301. Their primary mission is to foster collaboration between artists, designers, and biologists, leading to innovative projects in various fields such as medicine, textiles, beauty, food, and manufacturing. Throughout the spring, they work with university instructors to design curricula, partner with scientists, and mentor students. In June, these teams present their projects at a conference, showcasing their groundbreaking ideas to esteemed judges and audiences from academia, industry, and museums. Biodesign Challenge Inc offers ongoing support to participants by connecting them with opportunities in museums, galleries, investors, and accelerator programs. These connections have led to the evolution of several projects into startup companies and exhibits at renowned venues globally, including the Museum of Modern Art, Dutch Design Week, and the Tech Museum of Innovation. Some teams have even gone on to win prestigious awards like the National Geographic Chasing Genius Award and the International Bioart and Design Award. The nonprofit's activities and mission are centered around the belief that bringing together diverse disciplines can lead to transformative applications in biotech. With a dedicated workforce of four individuals, Biodesign Challenge Inc plays a significant role in nurturing the first generation of professionals who can navigate the promises and pitfalls of emerging biotech while engaging the public in thoughtful dialogue about its broader implications.


Official website here: www.biodesignchallenge.org

Is Biodesign Challenge Inc legitimate?

Biodesign Challenge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biodesign Challenge 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,824

For more financial information, click here


Official website here: www.biodesignchallenge.org

What is the mission statement of Biodesign Challenge Inc?

Biodesign Challenge Inc is an organization that aims to bring together artists, designers, and biologists to collaborate on innovative projects. Each year, they partner with scientists, artists, and designers to envision transformational applications in biotech. The organization works with university instructors in the spring to design curricula, partner with scientists, and mentor students as they develop their projects. In June, teams, including university students and professional scientists, gather at their conference to showcase their projects to esteemed judges and audiences from academia, industry, and museums. The projects, which span various fields such as medicine, textiles, beauty, food, and manufacturing, help bridge the gap between art, design, and biotech. Biodesign Challenge Inc supports participants by connecting them with opportunities with museums, galleries, investors, and accelerator programs. Through these connections, projects have evolved into startup companies and exhibits at venues around the world.


Official website here: www.biodesignchallenge.org

Who is the CEO of Biodesign Challenge Inc?

Daniel Grushkin is the President of Biodesign Challenge Inc.


Official website here: www.biodesignchallenge.org

What is the revenue of Biodesign Challenge Inc?

Biodesign Challenge Inc's revenue in 2022 was $493,641.


Official website here: www.biodesignchallenge.org

Who are the executives of Biodesign Challenge Inc and what are their salaries?

The average compensation at Biodesign Challenge Inc during 2022 was $38,456. There are 4 employees and 5 volunteers at Biodesign Challenge Inc.

Here are 7 key members and their salaries:

    Daniel Grushkin (Executive Director)
  • Compensation: $106,891
  • Related: $0
  • Other: $12,865

    • Joanne Deluca (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Orkan Telhan (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alison Irvine (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Hogan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dondenna Bradley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.biodesignchallenge.org

    Where can I find the form 990 for Biodesign Challenge Inc?

    The Biodesign Challenge Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.biodesignchallenge.org

    Learn more at the official website: www.biodesignchallenge.org

    Mission Statement of Biodesign Challenge Inc

    Biodesign Challenge, an innovative organization, aims to foster collaboration between artists, designers, and biologists. Its mission is to bring these diverse fields together, encouraging the creation of transformative projects in biotechnology. Each year, Biodesign Challenge partners with scientists, artists, and designers to envision potential applications in various sectors, such as medicine, textiles, beauty, food, and manufacturing.

    Throughout the spring, Biodesign Challenge works closely with university instructors to design curricula, collaborate with scientists, and support students as they develop their projects. In June, the teams, consisting of both university students and professional scientists, gather at Biodesign Challenge's conference to present their innovative ideas to esteemed judges and audiences from academia, industry, and museums. This platform allows teams to prototype new ideas and showcase their work, bridging the gap between art, design, and biotechnology.

    Biodesign Challenge supports its participants by connecting them with opportunities in museums, galleries, investor networks, and accelerator programs. Through these connections, projects have evolved into successful startups and exhibited at renowned venues worldwide, including the London Design Festival, Museum of Modern Art, Dutch Design Week, NYCXDESIGN, MIT Media Lab, Tech Museum of Innovation, and many others. Teams have also received prestigious awards, such as the National Geographic Chasing Genius Award and the International Bioart and Design Award.

    Impact

    This information is meant to be a general summary of Biodesign Challenge Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Biodesign Challenge Inc brings together artists, designers, and biologists to produce collaborative projects that push the boundaries of traditional disciplines. Through its innovative programs, Biodesign Challenge acts as a bridge between art, design, and biotechnology, fostering the development of professionals who can anticipate both promises and pitfalls in emerging biotech fields.

    By engaging university students and professional scientists in hands-on projects, Biodesign Challenge encourages interdisciplinary thinking and creativity in fields such as medicine, textiles, beauty, food, and manufacturing. The organization's annual conference provides a platform for teams to showcase their ideas before esteemed judges and audiences from academia, industry, and museums.

    Furthermore, Biodesign Challenge provides crucial support to participants by connecting them with opportunities at museums, galleries, investors, and accelerator programs. This support has enabled projects to evolve into startup companies and secure exhibitions at prestigious venues worldwide, including the London Design Festival, Museum of Modern Art, Dutch Design Week, MIT Media Lab, and many more.

    Overall, Biodesign Challenge Inc's impactful efforts not only nurture innovative thinking and collaboration but also facilitate the translation of innovative ideas into real-world applications that address pressing societal challenges.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $93,417
  • Gross Receipts: $493,641

    • Assets and Liabilities:
  • Total Assets: $496,942
  • Total Liabilities: $54,535
  • Net Assets: $442,407
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE FEE RE

    Revenue

    $93,417

    Organization Details

    Founding Year

    2018

    Principal Officer

    Daniel Grushkin

    Main Address

    282 11TH AVENUE 2307, NEW YORK, NY, 10001

    NTEE Category

    Code: B90 - Education

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