EIN 38-2418381

Michigan Biotechnology Institute

Name: Michigan Biotechnology Institute financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(3)

Num. employees

City

East Lansing

State

Michigan

Year formed

1981

Most recent tax filings

2023-06-01

NTEE code, primary

U50: Biological, Life Science Research

Description

Michigan Biotechnology Institute partners with early-stage innovations to de-risk, develop, and scale-up discoveries into commercially viable technology packages. As a private not-for-profit corporation, they conduct research and development to meet agricultural, industrial, and environmental market needs. They are located in East Lansing, MI.

Related structure

Michigan Biotechnology Institute is child organization, under the parent exemption from Michigan State University Research Foundation.

Also known as...

Michigan State University Foundation

Total revenues

$2,936

2023

Total expenses

$94,778

2023

Total assets

$626,700

2023

Num. employees

2023

Program areas at Michigan Biotechnology Institute

Research and development - private, not-for-profit technology development and commercialization corporation organized to meet agricultural, industrial, and environmental market needs by developing and scaling up commercially promising technologies. Mbi's mission is to create meaningful societal benefits by collaborating with universities, governments, foundations and companies to accelerate the commercialization of biobased technologies. Mbi provides business and technical expertise to develop and derisk early-stage biobased technologies, ultimately demonstrating techno-economic viability at pilot scale and preparing the technologies for transition to commercial partners.

Personnel at Michigan Biotechnology Institute

Name	Title	Compensation	Date of data
Dave Washburn	Executive Director , Msu Research Foundation; President , Spartan Innovations , Red Cedar Ventures and Michigan Rise About		2023-03-03
Traci Cannon	Traci Cannon Chief Financial Officer, Msu Foundation	$0	2021-11-24
Allen Julian	Chief Business Officer, Mbi		2021-11-24
David Washburn	President	$0	2023-05-12
Jeff Wesley	Executive Director, Spartan Innovations, Red Cedar Ventures and Michigan Rise About		2023-03-03
...and 16 more key personnel

Financials for Michigan Biotechnology Institute

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$0	$0	-
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$43,321	$51,152	-15.3%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$-40,385	$-3,241	-1146.1%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$2,936	$47,911	-93.9%

Form 990s for Michigan Biotechnology Institute

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-15	990	View PDF
2022-06	2023-05-12	990	View PDF
2021-06	2022-05-13	990	View PDF
2020-06	2021-05-26	990	View PDF
2019-06	2021-01-28	990	View PDF
...and 9 more Form 990s

Organizations like Michigan Biotechnology Institute

Organization	Type	Location	Revenue
Marine and Paleobiological Research Institute	501(c)(3)	Vineyard HVN, MA	$7,000
Herb Research Foundation	501(c)(3)	Boulder, CO	$759
The Center for Conservation Biology	501(c)(3)	Williamsburg, VA	$8,243
Foundation for Soy Innovation	501(c)(3)	Jefferson City, MO	$2,600
Institute of Neuromodulation	501(c)(3)	Chicago, IL	$5,425
Biotechnology Center of Excellence Corporation	501(c)(3)	Waltham, MA	$12,617
Center for Wildlife Health Research	501(c)(3)	Topsham, ME	$5,549
Commonwealth Research Institute	501(c)(3)	Johnstown, PA	$2,815
Pyramid Science Foundation	501(c)(3)	Harrisburg, PA	$2,869
Fish Trax Systems	501(c)(3)	Newport, OR	$3,200

Data update history

July 17, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 9, 2023

Posted financials

Added Form 990 for fiscal year 2022

May 20, 2023

Received grants

Identified 1 new grant, including a grant for $6,000 from The Dallas Foundation

March 3, 2023

Updated personnel

Identified 15 new personnel

November 24, 2021

Updated personnel

Identified 2 new personnel

Nonprofit Types

Research centersChapter / child organizationsCharities

Issues

Science and technologyEducation

Characteristics

Conducts researchPartially liquidatedState / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 325 E Grand River Ave 275; East Lansing, MI 48823
Metro area: Lansing-East Lansing, MI
County: Ingham County, MI
Website URL: msufoundation.org/mbi
Phone: (517) 353-9268
Facebook page: michigan-biotechnology-institute
Twitter profile: @biotechmbi

IRS details

EIN: 38-2418381
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1981
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: U50: Biological, Life Science Research
NAICS code, primary: 5417: Scientific Research and Development Services
Parent/child status: Child within group exemption

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Michigan Biotechnology Institute

Program areas at Michigan Biotechnology Institute

Personnel at Michigan Biotechnology Institute

Financials for Michigan Biotechnology Institute

Form 990s for Michigan Biotechnology Institute

Organizations like Michigan Biotechnology Institute

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