EIN 20-0078125

New Orleans Bio Innovation Center

IRS 501(c) type
501(c)(3)
Num. employees
14
Year formed
2002
Most recent tax filings
2023-06-01
NTEE code, primary
Description
New Orleans Bio Innovation Center manages a biotech incubator and offers commercialization and loan programs for local businesses.
Total revenues
$2,777,460
2023
Total expenses
$3,441,279
2023
Total assets
$35,981,638
2023
Num. employees
14
2023

Program areas at New Orleans Bio Innovation Center

Wet laboratory and office rentalsubsidize wet laboratory and office rental for start-up biotechnology and healthcare companies, primarily derived from local university research.
Loan programassists companies in acquiring the capital needed to achieve growth that will enable them to create more jobs and economic opportunities in Louisiana by providing low interest loans with flexible repayment terms to qualifying small businesses and start-ups.
Commercialization programactively facilitates local biotech business development and job creation through subsidized or free consulting services, including business plan writing, market research, securing intellectual property, forming a management team, and raising financing through grant applications and connections with venture capital firms.this program also aims to raise awareness of commercialization research as a potential outcome for academic research through public educational seminars and an annual mini-conference dedicated to the developing biotech infrastructure and economic development in New Orleans and surrounding areas.

Personnel at New Orleans Bio Innovation Center

NameTitleCompensation
Kristopher KhalilPresident and Chief Executive Officer$187,500
Kris KhalilExecutive Director and Biofund Managing Director
Margie GilbertCommunity Manager, Has
Rebekah PowellAccountant and Grants Manager

Financials for New Orleans Bio Innovation Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,049,579
Program services$91,020
Investment income and dividends$29,093
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,607,768
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$0
Total revenues$2,777,460

Form 990s for New Orleans Bio Innovation Center

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-04990View PDF
2021-062022-05-12990View PDF
2020-062021-06-15990View PDF
2019-062022-03-17990View PDF
...and 9 more Form 990s

Organizations like New Orleans Bio Innovation Center

OrganizationLocationRevenue
Innovation DepotBirmingham, AL$5,731,968
Bioconnect IowaDes Moines, IA$7,338,139
Innovation PortalMobile, AL$7,691,520
Research Park at SdsuBrookings, SD$3,954,668
Berkshire Innovation CenterPittsfield, MA$1,489,523
Nexus LouisianaBaton Rouge, LA$2,578,258
Brite Energy InnovatorsWarren, OH$2,902,344
Long Island High Technology IncubatorStony Brook, NY$1,840,280
Milwaukee Regional Innovation CenterWauwatosa, WI$1,429,028
International Transportation Innovation Center (ITIC)Greenville, SC$2,485,061
Data update history
November 21, 2024
Updated personnel
Identified 1 new personnel
July 16, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 24, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologyCommunity improvementEconomic development
Characteristics
Conducts researchState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1441 Canal St
New Orleans, LA 70112
Metro area
New Orleans-Metairie, LA
County
Orleans Parish, LA
Website URL
neworleansbio.com/ 
Phone
(504) 680-2973
IRS details
EIN
20-0078125
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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