Overview
What is Edison Biotechnology Center Inc?
Edison Biotechnology Center Inc, operating under the name Ohio Life Sciences Foundation, is a nonprofit organization based in Columbus, Ohio. Their primary objective is to foster and encourage partnerships within the bioscience community, aiming to enhance economic development opportunities in Ohio. They achieve this through various events and initiatives, such as an annual conference, participation in industry meetings, regulatory forums, supplier expos, and networking socials. These events bring together key players in the biotechnology sector, including companies, research institutions, and government officials, to discuss industry trends and explore potential economic development opportunities. Ohio Life Sciences Foundation also offers educational webinars and career fairs to match talent with growing Ohio bioscience companies. By accelerating bioscience discovery, innovation, and commercialization, the foundation aims to drive economic growth, attract companies, improve workforce training, and ultimately improve the quality of life in Ohio.
Official website here: www.bioohio.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Edison Biotechnology Center Inc, operating as Ohio Life Sciences Foundation, has achieved a high rating of 96%, which indicates strong performance in accountability and finance. This rating is based solely on their accountability measures, reflecting a commitment to transparency and responsible financial practices. The organization demonstrates excellent governance, with a majority of independent board members, which fosters unbiased oversight.
The foundation scored full marks in several areas, such as financial statements and conflict of interest policies, showcasing their diligence in maintaining high standards of accountability. Additionally, their program expense ratio of 88.44% indicates that a significant portion of their resources is directed toward their programs rather than administrative costs, which is often a positive sign for potential donors.
There are no significant limitations noted in the provided data, which underscores the organization's robust financial health and effective management practices. Overall, Edison Biotechnology Center Inc is positioned as a trustworthy nonprofit, making it a favorable option for individuals looking to support initiatives in biotechnology and life sciences.
This AI summary has been generated from information found on Charity Navigator.
Is Edison Biotechnology Center Inc legitimate?
Edison Biotechnology Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edison Biotechnology Center 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $237,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,547
For more financial information, click here
Official website here: www.bioohio.com
What is the mission statement of Edison Biotechnology Center Inc?
The mission of Edison Biotechnology Center Inc, known as Ohio Life Sciences Foundation, is centered around accelerating bioscience discovery, innovation, and commercialization. This objective aims to drive economic growth, attract companies, enhance workforce training, and improve the quality of life in Ohio. The foundation achieves this through various events and partnerships within the bioscience community. These activities include annual conferences, participation in industry meetings, regulatory forums, supplier expos, career fairs, networking socials, and educational webinars. These events foster partnerships between companies, research institutions, professional service providers, and intermediaries, ultimately aiming to improve the economic climate and public health in Ohio. As of now, the foundation has over 233 members.
Official website here: www.bioohio.com
Who is the CEO of Edison Biotechnology Center Inc?
Eddie Pauline is the Ex-Officio President And Ceo of Edison Biotechnology Center Inc. The CEO's salary of Edison Biotechnology Center Inc is $237,938 and their total compensation is $246,263.
Official website here: www.bioohio.com
What is the revenue of Edison Biotechnology Center Inc?
Edison Biotechnology Center Inc's revenue in 2022 was $649,833.
Official website here: www.bioohio.com
Who are the executives of Edison Biotechnology Center Inc and what are their salaries?
The average compensation at Edison Biotechnology Center Inc during 2022 was $126,621. There are 4 employees and 11 volunteers at Edison Biotechnology Center Inc.
Here are 11 key members and their salaries (Edison Biotechnology Center Inc's CEO's salary is $237,938 and their total compensation is $246,263):
- Compensation: $237,938
- Related: $0
- Other: $8,325
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bioohio.com
Where can I find the form 990 for Edison Biotechnology Center Inc?
Edison Biotechnology Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bioohio.com
Learn more at the official website: www.bioohio.com
Mission Statement of Edison Biotechnology Center Inc
Edison Biotechnology Center Inc, dba Ohio Life Sciences Foundation, is dedicated to accelerating bioscience discovery, innovation, and commercialization on a global scale. Their mission is twofold: first, to drive economic growth and company attraction in Ohio by fostering a thriving bioscience community. Second, they aim to improve workforce training and enhance the quality of life for Ohioans. To achieve this, the foundation engages with various sectors of the bioscience industry, including biomedical companies, entrepreneurs, investors, suppliers, service providers, and government officials.
Through events such as their annual conference and participation in industry meetings like the Biotech, Pharma, Diagnostics, Medical Devices, and Ag-Bio Conventions, AdvaMed Conventions, and the Medical Device and Diagnostics Annual Conference, the foundation connects key players in the bioscience industry. These events provide opportunities for education, networking, and potential economic development collaborations.
Moreover, Edison Biotechnology Center Inc, dba Ohio Life Sciences Foundation, hosts regulatory forums to discuss current FDA issues relevant to the bioscience industry, organizes supply expos, and holds CEO unplugged series and regional career fairs to match talent with growing Ohio bioscience companies. They also offer networking socials in major Ohio cities and educational webinars. By engaging with the educational and research community, the state government, and its professional network, the foundation encourages and fosters partnerships between companies, research institutions, professional service providers, and other intermediaries to improve the economic climate in Ohio and enhance public health. With a membership of 233, the foundation plays a significant role in the bioscience industry in Ohio.
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Impact
July, 2024
Edison Biotechnology Center Inc, doing business as Ohio Life Sciences Foundation, plays a significant role in accelerating bioscience discovery, innovation, and commercialization in Ohio. By bringing together a diverse range of stakeholders, including biomedical company representatives, entrepreneurs, investors, suppliers, service providers, and government officials, they create opportunities for education, networking, and economic development. Their annual events, industry meetings, regulatory forums, and career fairs contribute to enhancing the economic climate in Ohio and improving public health. Through partnerships with research institutions, professional service providers, and other intermediaries, Ohio Life Sciences Foundation fosters collaboration to drive economic growth, attract companies, enhance workforce training, and ultimately improve the quality of life in Ohio.
This information is meant to be a general summary of Edison Biotechnology Center Inc. 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: $179
- Program Service Revenue: $282,145
- Gross Receipts: $649,833
Assets and Liabilities:
- Total Assets: $597,397
- Total Liabilities: $134,562
- Net Assets: $462,835
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAMS
Revenue
$282,145
Organization Details
Founding Year
1987
Phone
(614) 675-3686Principal Officer
Eddie Pauline
Main Address
1275 KINNEAR RD, COLUMBUS, OH, 43212
Website
www.bioohio.comNTEE Category
Code: E92Z - Health
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