Biotechnology Foundation Inc in Broomall, Pennsylvania (PA)

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Biotechnology Foundation Inc
Employer Identification Number (EIN)232755405
Name of OrganizationBiotechnology Foundation Inc
In Care of NameJohn J Dowds
Address2997 Pennview Ave, Broomall, PA 19008-1127
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date02/1995
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$377,979
Amount of Income$161,840
Form 990 Revenue Amount$161,840
National Taxonomy of Exempt Entities (NTEE)Unknown: Unknown

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Financial snapshot ($)

Revenue for 2010

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$1,229,073
Contributions, Gifts, Grants and Other Similar Amounts$1,229,066
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$7
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2010)
Total functional expenses$990,707
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2010)
Total assets$241,088
Total liabilities$0
Total net assets or fund balances$241,088
Retained earnings, endowment, accumulated income, or other funds$241,088
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv)
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