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Biomedical Technology Transfer Corp FY2022 filing

Lincoln, NEUnknown exempt organizationEIN 84-2448252

To recruit innovative and well-funded biomedical researchers to Nebraska.

17¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
152 mo
of spending, in cash
Looks good: 152.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$39K
Spent
$28K
To programs
17%
Net assets
$357K
By yearFY2020–FY2023
Revenue
$39K
FY2022
Revenue by fiscal year
FY2020$364K
FY2021$0
FY2022$39K
FY2023$0
Expenses
$28K
FY2022▲ +59%
Expenses by fiscal year
FY2020$0
FY2021$18K
FY2022$28K
FY2023$357K
Net assets
$357K
FY2022▲ +3%
Net assets by fiscal year
FY2020$364K
FY2021$346K
FY2022$357K
FY2023$0

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

17 cents of each dollar spent went to programs.

Program services 17% · $5K Management & general 83% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Jeffrey P Gold MD
Chairman (thru 06/2022)
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Ewald
Chairman
$0Pt VII · Sec A
James Linder
Director
$0Pt VII · Sec A
Joseph Daugherty
Vice Chairman
$0Pt VII · Sec A
Tyler Martin
Director
$0Pt VII · Sec A
Henry J Runge
Secretary/Treasurer
$0Pt VII · Sec A
Rodney Markin
President
$0Pt VII · Sec A
See Biomedical Technology Transfer Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Attracts top biomedical researchers to Nebraska.

Provided by the organization

This section is blank until Biomedical Technology Transfer Corp claims this page.

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1 program service account for $5K of program spending, described in the organization's own filed words · FY2021.
01

Biomedical Technology Transfer Corporation (BIOTT) serves to help incubate and develop technology startups by founding or making equity investments in them.

$5Kprogram expense

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By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$39K
Ln 12
Other incomeLn 4–11$39K
Money outPt IX
$28K
Ln 25
Programscol B$5K
Managementcol C$23K
Owns and owesPt X
$357K
net assets · Ln 32
Cash and savingsLn 1–2$357K
Total assetsLn 16$357K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$39K
Total revenueLn 12$39K
Assets in detailPt X, end of year
CashLn 1$357K
SavingsLn 2$0
Cash and savings togetherLn 1–2$357K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$357K
LiabilitiesLn 26$0
Net assetsLn 32$357K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$350K$357K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$350K$357K
LiabilitiesLn 26$4K$0
Net assetsLn 32$346K$357K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$11K$0$11K$0
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$3K$3K
Information technologyLn 14$8K$8K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$28K$5K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $0$357K−$357K$0 990 PDF
FY2022 Viewing $39K$28K$11K$357K 990 PDF
FY2021 $0$18K−$18K$346K 990 PDF
FY2020 $364K$0$364K$364K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $39,100 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-6 Net rental income or lossExcluded from tax $39,100$39,100
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,100$39,100
Part IX · Statement of functional expenses $28,165 across 6 lines filed
IX-11c Accounting feesManagement $1,439$1,439
IX-11g Other fees for servicesPrograms $0 · Management $11,000 · Fundraising $0$11,000
IX-12 Advertising and promotionPrograms $4,895$4,895
IX-13 Office expensesManagement $2,646$2,646
IX-14 Information technologyManagement $8,185$8,185
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $4,895 · Management $23,270 · Fundraising $0$28,165
Part X · Balance sheet $356,748 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $349,740$356,748
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $349,740$356,748
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $3,927$0
X-26 Total liabilitiesStart of year $3,927$0
X-27 Net assets without donor restrictionsStart of year $345,813$356,748
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $345,813$356,748
X-33 Total liabilities and net assetsStart of year $349,740$356,748
Part XI · Reconciliation of net assets $356,748 net assets at year end
XI-1 Total revenue$39,100
XI-2 Total expenses$28,165
XI-3 Revenue less expenses$10,935
XI-4 Net assets at start of year$345,813
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$356,748

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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