NonprofitsNew Orleans Bioinnovation Center Inc

Community Improvement

New Orleans Bioinnovation Center Inc

NEW ORLEANS, LA

Total revenue

$2.6M

Total expenses

$4.1M

Net assets

$33.7M

Grants received

$515K

4 grants

EIN

200078125

Tax year

2023

Mission

The organization's mission is to manage a biotechnology incubator facility to develop and support a life science industry in new orleans.

Programs

2 programs

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.

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.

Financials

FY 2023

Revenue

Contributions & grants$626K
Program service revenue$164K
Investment income$55K
Other revenue$1.8M
Total revenue$2.6M

Expenses

Grants paid
Salaries & benefits$838K
Fundraising
Other expenses$3.3M
Total expenses$4.1M
Total assets$34.5M
Net assets$33.7M

People

8 listed

NameRoleCompensation

LARRY H HOLLIER MD

BOARD MEMBER

Board

2 hrs/wk

DR STEVE NELSON

VICE CHAIRMAN

Board

2 hrs/wk

PATRICK NORTON

CHAIRMAN

Board

2 hrs/wk

ROBIN FORMAN

BOARD MEMBER

Board

2 hrs/wk

GENE D'AMOUR

BOARD MEMBER

Board

2 hrs/wk

JOSEPH M MOERSCHBAECHER PHD

BOARD MEMBER

Board

2 hrs/wk

ANDRE RUBENSTEIN

SECRETARY/TREASURER

Board

2 hrs/wk

KRISTOPHER KHALIL

PRESIDENT/CEO

Staff

$188K

40 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$200K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$295K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021

Funded by

$515K from 2 funders · 4 grants · 2021–2024

Jpmorgan Chase Foundation

$495K · 2 grants · 2023–2024

Details

EIN200078125
NTEE codeS302
Subsection03
Ruling date2004-02
Formed2002
Employees14
Volunteers15
NEW ORLEANS BIOINNOVATION CENTER INC — Mission, Financials & Grants Received | Grantivo