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Institute for Biomedical Sciences

Tax-deductible

Del Mar, CA501(c)(3)Diseases & Disorders EIN 95-3468614Revenue $496K in FY2024Latest return filed May 15, 2025

On file with the IRS12927 Longboat Way, 92014-3829 · Del Mar, CATax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Research and development with goal of defining a microvascular index for non-invasive monitoring of vascular health and for early diagnosis of vascular related diseases. Stem cell differentiation study to optimize selection of scaffolds, cell types and stimulation for tissue regeneration of cartilage for the treatment of osteoarthritis.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $183K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $90K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$496K
-15% vs prior year
Spent
$336K
To programs
98%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$496K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$247K
FY2021$758K
FY2022$442K
FY2023$584K
FY2024$496K
Expenses
$336K
FY2024▼ -35%
Tap a bar for its year
Expenses by fiscal year
FY2020$182K
FY2021$214K
FY2022$364K
FY2023$515K
FY2024$336K
Net assets
$1.4M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$517K
FY2021$1.1M
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2011-03-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Apr 2017.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $331K Management & general 2% · $5K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Peter Chen
President
$0Pt VII · Sec A
See Institute for Biomedical Sciences executive salaries →

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

Develops microvascular index for vascular health monitoring and studies stem cells for cartilage regeneration.

Questions for Institute for Biomedical Sciences

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1 program · $331K · in their own filed words · FY2024
01

The organization is in the planning and organizational stages for the research of microcirculation in diabetes and its role in diabetic pathophysiology, the pathogenesis of hypertension, coronary diseases, cancer and the aging process.

$331Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$90K
Total grants receivedfrom 1 funder$90K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$496K
Ln 12
Other incomeLn 4–11$325K
Gifts and grantsLn 1h$90K
Investment incomeLn 3$80K
Money outPt IX
$336K
Ln 25
Programscol B$331K
Managementcol C$5K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$1.4M
LiabilitiesLn 26$4K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$90K
Investment incomeLn 3$80K
Other incomeLn 4–11$325K
Gains on assetsLn 7$44K
Total revenueLn 12$496K
Assets in detailPt X, end of year
CashLn 1$173K
Cash and savings togetherLn 1–2$173K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$2K
Total assetsLn 16$1.4M
LiabilitiesLn 26$4K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$129K$173K
InvestmentsLn 11–13$1.0M$1.2M
Land, buildings, equipmentLn 10c$34K$22K
Total assetsLn 16$1.2M$1.4M
LiabilitiesLn 26$4K$4K
Net assetsLn 32$1.2M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$5K$5K
Other expenses (24a–d)Ln 24$329K$329K
Total functional expensesLn 25$336K$331K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS May 15, 2025 $496K$336K$160K$1.4M 990 PDF
FY2023Filed with the IRS Jun 6, 2024 $584K$515K$69K$1.2M 990 PDF
FY2022Filed with the IRS Oct 10, 2023 $442K$364K$78K$1.1M 990 PDF
FY2021Filed with the IRS Oct 27, 2022 $758K$214K$545K$1.1M 990 PDF
FY2020Filed with the IRS Nov 2, 2021 $247K$182K$65K$517K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $495,651 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$90,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $28,847$80,251
I-11 Other revenuePrior year $555,377$325,400
I-12 Total revenuePrior year $584,224$495,651
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $515,214$336,020
I-18 Total expensesPrior year $515,214$336,020
I-19 Revenue less expensesPrior year $69,010$159,631
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $495,651 across 6 lines filed
VIII-1f All other contributions, gifts and grants$90,000
VIII-1h Total contributions, gifts and grants$90,000
VIII-3 Investment incomeRelated to mission $36,322$36,322
VIII-7 Net gain or loss on sales of assetsRelated to mission $43,929$43,929
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $325,400$325,400
VIII-12 Total revenueRelated to mission $80,251 · Unrelated business $325,400 · Excluded from tax $0$495,651
Part IX · Statement of functional expenses $336,020 across 3 lines filed
IX-11c Accounting feesPrograms $1,500$1,500
IX-11f Investment management feesManagement $5,380$5,380
IX-24 Other expenses (24a–d)Programs $329,140$329,140
IX-25 Total functional expensesPrograms $330,640 · Management $5,380 · Fundraising $0$336,020
Part X · Balance sheet $1,372,680 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $129,005$173,148
X-10c Land, buildings and equipment, netStart of year $34,087$22,468
X-11 Publicly traded securitiesStart of year $935,931$1,055,486
X-12 Other securitiesStart of year $112,550$119,582
X-15 Other assetsStart of year $1,297$1,996
X-16 Total assetsStart of year $1,212,870$1,372,680
X-17 Accounts payable and accrued expensesStart of year $4,115$4,292
X-26 Total liabilitiesStart of year $4,115$4,292
X-32 Total net assets or fund balancesStart of year $1,208,755$1,368,388
X-33 Total liabilities and net assetsStart of year $1,212,870$1,372,680
Part XI · Reconciliation of net assets $1,368,388 net assets at year end
XI-1 Total revenue$495,651
XI-2 Total expenses$336,020
XI-3 Revenue less expenses$159,631
XI-4 Net assets at start of year$1,208,755
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,368,388

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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