Overview
What is Biomed Valley Corporation?
Biomed Valley Corporation (BVC) is a nonprofit organization that primarily assists the Stowers Institute for Medical Research (SIMR), a leading entity in conducting fundamental cell and molecular biology research. BVC operates under the Internal Revenue Code's sections 501(c)(3) and 509(a)(3), dedicating its resources to supporting, benefiting, and furthering the objectives of SIMR. BVC's mission is multifaceted, involving research support, intellectual property management, endowment-based research promotion, identification of potential intellectual property, and facilitation of commercial transfers. In essence, BVC plays a crucial role in strengthening SIMR's research capabilities and commercialization opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star Rating)
Biomed Valley Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. This rating is based solely on their Accountability & Finance score of 74%, which reflects both strengths and areas for improvement in their organizational practices.
The organization demonstrates a strong commitment to certain accountability practices, such as having a whistleblower policy and a conflict of interest policy, both scoring the maximum points. Additionally, they have shown effective management of their financial liabilities with a perfect score in the Liabilities to Assets Ratio. However, the lack of independent board members and the absence of certain transparency measures, such as posting required documents on their website, highlight critical weaknesses in governance.
While Biomed Valley Corporation has strengths in financial management and accountability policies, their overall score suggests that there is significant room for improvement, particularly regarding board independence and transparency. Enhancing these areas could potentially lead to a stronger rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Biomed Valley Corporation legitimate?
Biomed Valley Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biomed Valley Corporation 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
What is the mission statement of Biomed Valley Corporation?
Biomed Valley Corporation (BVC) is an organization that supports the activities of the Stowers Institute for Medical Research (SIMR). BVC operates under the Internal Revenue Code's sections 501(c)(3) and 509(a)(3), with a charitable purpose to aid and further the objectives of its supported organization. Its primary mission is to provide research support, manage intellectual property, promote endowment-based research, identify potential intellectual property opportunities, and facilitate their commercial transfer for SIMR. In essence, Biomed Valley Corporation serves to strengthen the research capabilities of the Stowers Institute for Medical Research, contributing to advancements in basic cell and molecular biology.
Who is the CEO of Biomed Valley Corporation?
Richard W Brown is the Director/President/Ceo of Biomed Valley Corporation. The CEO's salary of Biomed Valley Corporation is $0 and their total compensation is $2,880,761.
What is the revenue of Biomed Valley Corporation?
Biomed Valley Corporation's revenue in 2022 was -$114,302.
Who are the executives of Biomed Valley Corporation and what are their salaries?
There 1 volunteer at Biomed Valley Corporation.
Here are 4 key members and their salaries (Biomed Valley Corporation's CEO's salary is $0 and their total compensation is $2,880,761):
- Compensation: $0
- Related: $2,813,862
- Other: $66,899
- Compensation: $0
- Related: $1,059,057
- Other: $67,050
- Compensation: $0
- Related: $537,787
- Other: $62,246
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Biomed Valley Corporation?
Biomed Valley Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Biomed Valley Corporation
Biomed Valley Corporation, abbreviated as BVC, serves a vital role in supporting the activities of the Stowers Institute for Medical Research (SIMR). This nonprofit organization operates under the Internal Revenue Code's sections 501(c)(3) and 509(a)(3), and its primary mission is to boost, benefit, and execute the goals of its supported organization, SIMR. BVC's charitable purpose is to contribute to SIMR's endeavors through research support, the management of intellectual property, the promotion of endowment-based research, and the identification of intellectual property opportunities for commercial transfer. In essence, Biomed Valley Corporation plays a crucial role in facilitating the success of the Stowers Institute for Medical Research by providing critical support and resources for its basic cell and molecular biology research.
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Impact
October, 2024
Biomed Valley Corporation plays a significant role in advancing the field of medical research by supporting the Stowers Institute for Medical Research (SIMR). By focusing on basic cell and molecular biology research, Biomed Valley Corporation helps drive innovative studies that have the potential to lead to groundbreaking discoveries in health and medicine.
The organization's efforts in research support include managing intellectual property and promoting endowment-based research, which enables sustainable funding for scientific advancements. By identifying commercial opportunities and facilitating the transfer of intellectual property, Biomed Valley Corporation not only enhances the research landscape but also contributes to the economic development of Kansas City and beyond.
Through these initiatives, Biomed Valley Corporation contributes to the broader impact of scientific research, ultimately aiming to improve health outcomes and advance knowledge within the biomedical field.
This information is meant to be a general summary of Biomed Valley Corporation. 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: -$114,302
- Gross Receipts: $21,031,196
Assets and Liabilities:
- Total Assets: $12,382,590
- Total Liabilities: $0
- Net Assets: $12,382,590
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Organization Details
Founding Year
2007
Phone
(816) 926-4000Principal Officer
Richard W Brown
Main Address
1000 EAST 50TH STREET, KANSAS CITY, MO, 64110
NTEE Category
Code: H19 - Medical research
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