Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
51 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
11 people listed on the 990; $155K paid to officers and key staff.
Nikki Hastings’s $155K as Executive Di is at the 49th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Nikki Hastings | $155,000 | $180,000 | $122,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Accelerates biotechnology through engagement, resourcing, and education.
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Building Community
Foster an increasingly connected and diverse biotech community through networking, educational programming and supporting workforce development. Advancing entrepreneurship - provide guidance, expertise and connections for early-stage companies through eir programming.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $379K | $800K |
| Total assetsLn 16 | $411K | $958K |
| LiabilitiesLn 26 | $180K | $147K |
| Net assetsLn 32 | $231K | $811K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $155K | $101K | $39K | $16K |
| Other salaries and wagesLn 7 | $279K | $140K | $140K | |
| Other employee benefitsLn 9 | $12K | $6K | $6K | |
| Payroll taxesLn 10 | $33K | $17K | $17K | |
| Management feesLn 11a | $9K | $9K | ||
| Legal feesLn 11b | $88K | $88K | ||
| Accounting feesLn 11c | $20K | $20K | ||
| Other fees for servicesLn 11g | $112K | $73K | $28K | $11K |
| Advertising and promotionLn 12 | $16K | $8K | $8K | |
| Office expensesLn 13 | $179 | $89 | $90 | |
| Information technologyLn 14 | $13K | $7K | $7K | |
| OccupancyLn 16 | $22K | $11K | $11K | |
| TravelLn 17 | $7K | $4K | $4K | |
| InsuranceLn 23 | $672 | $336 | $336 | |
| Other expenses (24a–d)Ln 24 | $86K | $80K | $6K | |
| All other expensesLn 24e | $4K | $3K | $833 | $366 |
| Total functional expensesLn 25 | $858K | $440K | $383K | $35K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.4M | $858K | $513K | $811K | 990 PDF |
| FY2023 | $711K | $656K | $55K | $231K | 990 PDF |
| FY2022 | $554K | $379K | $176K | $176K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,370,917 across 6 lines filed
Part IX · Statement of functional expenses $858,006 across 16 lines filed
Part X · Balance sheet $957,783 assets, 10 lines filed
Part XI · Reconciliation of net assets $810,558 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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