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EIN 62-1858660

Memphis Biotech Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Memphis
State
Tennessee
Year formed
2001
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
The Memphis Biotech Foundation executes a strategic business plan that leverages the competitive strengths within the region and expands the infrastructure, educational opportunities, and entrepreneur support required to expand bioscience industries. The foundation leads economic development programs specifically intended for developing infrastructure, education/workforce, and entrepreneurship in the life sciences and industrial bioscience areas.
Also known as...
Memphis Bioworks Foundation
Total revenues
$21
2023
Total expenses
$47,820
2023
Total assets
$6,032,986
2023
Num. employees
0
2023

Program areas at Memphis Biotech Foundation

Lead economic development programs focused on developing infrastructure, education/workforce, and entrepreneurship in the life sciences and industrial bioscience areas.

Grants made by Memphis Biotech Foundation

GranteeGrant descriptionAmount
Neighborhood PreservationGeneral Operations Grant$13,371

Personnel at Memphis Biotech Foundation

NameTitleCompensation
Corie RiversTreasurer$0
Lorie JerniganPresident / Secretary and Treasurer$0
John PontiusPresident / Treasurer$0
Brandon WellfordPresident and Executive Director / Chief Financial Officer and Director of Real Estate$202,022
Steven J. Bares, Ph.D.Past President and Executive Director$208,976

Financials for Memphis Biotech Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$21
Total revenues$21

Form 990s for Memphis Biotech Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-30990View PDF
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-10-21990View PDF
2019-122021-02-24990View PDF
...and 10 more Form 990s
Data update history
January 12, 2025
Used new vendors
Identified 1 new vendor, including
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 2 new personnel
May 11, 2023
Received grants
Identified 1 new grant, including a grant for $122,500 from Community Foundation of Greater Memphis
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
HealthCommunity improvementPublic policyEconomic development
Characteristics
Conducts researchLobbyingState / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
17 W Pontotoc Suite 100
Memphis, TN 38103
Metro area
Memphis, TN-MS-AR
County
Shelby County, TN
Website URL
stjacobs.com/ 
Phone
(901) 685-3400
IRS details
EIN
62-1858660
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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