Overview
What is Bionexus Foundation?
The Bionexus Foundation is a charitable organization based on supporting educational and scientific pursuits, as defined under section 501(c)(3) of the Internal Revenue Code of 1986. Its primary mission revolves around fostering the educational and scientific objectives of the American Type Culture Collection (ATCC).
Official website here: www.atcc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Bionexus Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The rating is based entirely on a singular beacon score, indicating exceptional performance in various financial and governance areas. The organization showcases an impressive 90.61% program expense ratio, ensuring that the majority of its funds are directed towards its programs rather than administrative costs.
The foundation demonstrates robust governance, with 83% of its board members being independent, which is crucial for maintaining objectivity and transparency. Their adherence to best practices is evident in their comprehensive conflict of interest, whistleblower, and document retention policies. Additionally, the absence of any material diversion of assets further underscores the organization's integrity in financial practices.
While the organization excels in its financial management and governance, ongoing transparency and consistent communication with stakeholders are essential for future growth and trust-building. The strong score and policies in place provide a solid foundation for Bionexus Foundation as it continues to pursue its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bionexus Foundation legitimate?
Bionexus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bionexus Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.atcc.org
What is the mission statement of Bionexus Foundation?
The Bionexus Foundation is a charitable organization dedicated to supporting educational and scientific pursuits. It operates exclusively for these purposes, as defined by Section 501(c)(3) of the Internal Revenue Code of 1986. The foundation's primary objective is to contribute to the mission of the American Type Culture Collection (ATCC). Through its charitable, educational, scientific, and literary activities, Bionexus Foundation seeks to make a positive impact in these fields. It focuses on furthering the cause of scientific discovery and educational advancement, ultimately benefiting the wider community.
Official website here: www.atcc.org
Who is the CEO of Bionexus Foundation?
Raymond H Cypess is the Chairman/Pres/Board Member of Bionexus Foundation.
Official website here: www.atcc.org
What is the revenue of Bionexus Foundation?
Bionexus Foundation's revenue in 2022 was $29,635,131.
Official website here: www.atcc.org
Who are the executives of Bionexus Foundation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $2,124,433
- Other: $64,298
- Compensation: $0
- Related: $385,190
- Other: $52,173
- Compensation: $0
- Related: $387,298
- Other: $49,665
- Compensation: $0
- Related: $105,462
- Other: $14,744
- Compensation: $0
- Related: $32,100
- Other: $0
- Compensation: $0
- Related: $27,600
- Other: $0
- Compensation: $0
- Related: $26,450
- Other: $0
- Compensation: $0
- Related: $22,750
- Other: $0
- Compensation: $0
- Related: $21,500
- Other: $0
- Compensation: $0
- Related: $15,500
- Other: $0
- Compensation: $0
- Related: $1,000
- Other: $0
Official website here: www.atcc.org
Where can I find the form 990 for Bionexus Foundation?
Bionexus Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.atcc.org
Learn more at the official website: www.atcc.org
Mission Statement of Bionexus Foundation
The Bionexus Foundation, a charitable organization, is dedicated to serving educational, scientific, and literary purposes. In accordance with Section 501(c)(3) of the Internal Revenue Code of 1986, its mission is to exclusively support the educational and scientific mission of the American Type Culture Collection (ATCC). The foundation operates with the primary goal of making a positive impact in these realms and contributing to the betterment of society. By focusing on charitable, educational, scientific, and literary pursuits, the Bionexus Foundation strives to make a difference in various spheres, with a special connection to the American Type Culture Collection.
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Impact
October, 2024
Bionexus Foundation significantly enhances scientific research and education by supporting the mission of the American Type Culture Collection (ATCC). Its commitment to charitable, educational, scientific, and literary purposes fosters the advancement of biotechnological and microbiological research. Through its initiatives, Bionexus facilitates access to essential resources, promoting collaboration within the scientific community and nurturing a deeper understanding of microbial life and its applications. The foundation’s efforts ensure that vital scientific knowledge and tools are readily available, advancing both academic inquiry and practical applications in various fields, thereby making a lasting impact on public health, agriculture, and environmental sustainability.
This information is meant to be a general summary of Bionexus Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $3,635,131
- Gross Receipts: $264,632,563
Assets and Liabilities:
- Total Assets: $266,842,112
- Total Liabilities: $2,037,637
- Net Assets: $264,804,475
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Organization Details
Founding Year
2004
Phone
(703) 365-2700Principal Officer
Raymond H Cypess
Main Address
10801 UNIVERSITY BOULEVARD, MANASSAS, VA, 201102209
Website
www.atcc.orgNTEE Category
Code: U50 - Science research
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