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 NamePeter Neeson
Address2997 Pennview Ave, Broomall, PA 19008
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 Period2014
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$241,088
Amount of Income$1,229,073
Form 990 Revenue Amount$1,229,073
National Taxonomy of Exempt Entities (NTEE)Unknown: Unknown

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Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$92,240
Contributions, gifts, grants, and similar amounts received$92,221
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$19
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$18,896
Total net assets$451,323
Excess for the year$73,344
Net assets or fund balances at beginning of year$377,979
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$451,323
Total liabilities$0
Net assets or fund balances$451,323
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$4,434,937
Gifts, grants, contributions, and membership fees received$4,434,937
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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