NonprofitsBirmingham Bio Innovation Corporation

Community Improvement & Capacity Building

Birmingham Bio Innovation Corporation

BIRMINGHAM, AL

Total revenue

$800K

Total expenses

$846K

Net assets

Grants received

$200K

1 grants

EIN

934981504

Tax year

2024

Mission

Birmingham Bio Innovation Corporation's mission is to facilitate and promote the growth of Alabama's biotechnology ecosystem. Building on the region's existing strengths in R&D, fueled by the University of Alabama at Birmingham (the State of Alabama's largest employer) and Southern Research Institute (a translational research institution with a long history of biotech and pharmaceutical research and commercialization), BBIC will advance an innovative biotech economy that attracts and nurtures companies, creates jobs, and improves health outcomes through accelerating the development of drugs, vaccines, and diagnostics.

Financials

FY 2024

Revenue

Contributions & grants$800K
Program service revenue
Investment income
Other revenue
Total revenue$800K

Expenses

Grants paid
Salaries & benefits
Fundraising$777K
Other expenses$846K
Total expenses$846K
Total assets$5.5M
Net assets

People

4 listed

NameRoleCompensation

Sanjay Singh

President

Board

1 hrs/wk

Miller Girvin

Director

Board

0.5 hrs/wk

Alesia Jones

Director

Board

0.5 hrs/wk

Kathy Nugent

President Elect

Board

5 hrs/wk

Grants received

Showing 1 of 1

FromAmountPurposeYear
$200K
COMMUNITY AND ECONOMIC DEVELOPMENT; DAF FUNDED
2024

Funded by

$200K from 1 funder · 1 grant · 2024

The Community Foundation Of Greater

$200K · 1 grant · 2024

Details

EIN934981504
NTEE codeS30
Subsection03
Ruling date2024-07
Formed2023
Employees0
Volunteers0
BIRMINGHAM BIO INNOVATION CORPORATION — Mission, Financials & Grants Received | Grantivo