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THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$2.8M
Program Spending
89%
of total expenses go to program services
Total Contributions
$1M
Total Expenses
▼$3.4M
Total Assets
$36M
Total Liabilities
▼$754.8K
Net Assets
$35.2M
Officer Compensation
→$187.5K
Other Salaries
$434.7K
Investment Income
$29.1K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.4M
Awards Found
7
Department of Commerce
$1.5M
LOUISIANA BIOTECHNOLOGY COMMERCIALIZATION ACCELERATOR: A PROGRAM TO HELP REGIONAL INNOVATORS BUILD THE NEXT GENERATION OF INDUSTRY-LEADING BIOTECHNOLOGY COMPANIES.
Department of Commerce
$500K
LOUISIANA LIFE SCIENCES TECHNOLOGY COMMERCIALIZATION CENTER
Department of Commerce
$498.9K
THIS EDA INVESTMENT SUPPORTS THE GULF COAST HEALTH SCIENCES CORRIDOR, LED BY THE NEW ORLEANS BIOINNOVATION CENTER, WHICH INCLUDES THE CITIES OF NEW ORLEANS AND BATON ROUGE, AS WELL AS THE RURAL AND SUBURBAN COMMUNITIES BETWEEN THEM. THE COALITION AIMS TO TRANSFORM THE REGION INTO A NATIONAL LEADER IN HEALTH SCIENCES WITH A FOCUS ON ADDRESSING OBESITY AND CHRONIC DISEASE BY: 1.) CREATING ECONOMIC OPPORTUNITY THROUGH SPECIALIZED WORKFORCE DEVELOPMENT WITH A FOCUS ON WOMEN, RESIDENTS IN RURAL AREAS AND PEOPLE OF COLOR, AND 2.) STRENGTHENING THE REGIONS' RESEARCH DEVELOPMENT AND COMMERCIALIZATION PIPELINE THROUGH INFRASTRUCTURE AND COLLABORATION TO LEVERAGE INDUSTRY EXPERTISE AND PROMOTE STARTUP CREATION AND INVESTMENT. THE COALITION BELIEVES THAT A STRATEGIC INVESTMENT IN SOUTH LOUISIANA'S HEALTH SERVICES INDUSTRY CLUSTER WILL HELP TO CREATE A RESILIENT AND EQUITABLE REGIONAL ECONOMY AND REDUCE THE STATE'S HEALTH DISPARITIES.
Department of Health and Human Services
$440.8K
DRIVE ACCELERATOR FOR HEALTH SECURITY COMMERCIALIZATION IN THE LOUISIANA REGION
Department of Commerce
$299.9K
LOUISIANA RESEARCH VENTURE FUND: A NEW FUND TO PROVIDE ESSENTIAL SEED CAPITAL TO INNOVATION-BASED, HIGH-GROWTH BUSINESSES HEADED BY LOUISIANA RESEARCH INSTITUTION FACULTY, STAFF, STUDENTS, AND ALUMNI
Delta Regional Authority
$100K
GROWING & RETAINING BIOTECHNOLOGY JOBS IN NEW ORLEANS
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2017 | Material Weakness | Unmodified (Clean) | $1M | No | 2018-03-22 |
| 2016 | Clean | Unmodified (Clean) | $1.2M | No | 2017-02-09 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Tax Year 2022 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $2.8M | $1M | $3.4M | $36M | $35.2M |
| 2022IRS e-File | $2.8M | $1M | $3.4M | $36M | $35.2M |
| 2021 | $2.6M | $1M | $3.1M | $37M | $36.3M |
| 2020 | $1.5M | $554.1K | $2.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Kristopher Khalil | President/ceo | 40 | $187.5K | $0 | $0 | $187.5K |
Kristopher Khalil
President/ceo
$187.5K
Hrs/Wk
40
Compensation
$187.5K
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Andre Rubenstein | Secretary/treasurer | 2 | $0 | $0 | $0 | $0 |
| Dr Steve Nelson | Vice Chairman | 2 | $0 | $0 | $0 | $0 |
| Gene D'Amour | Board Member | 2 | $0 | $0 | $0 | $0 |
| Joseph M Moerschbaecher Phd | Board Member | 2 | $0 | $0 | $0 | $0 |
| Larry H Hollier Md | Board Member | 2 | $0 | $0 | $0 | $0 |
| Patrick Norton | Chairman |
Andre Rubenstein
Secretary/treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dr Steve Nelson
Vice Chairman
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gene D'Amour
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $37.5M |
| $36.8M |
| 2019 | $2.8M | $539.6K | $3.3M | $38.4M | $38M |
| 2018 | $1.5M | $567K | $3.4M | $40.1M | $38.5M |
| 2017 | $1.6M | $744.2K | $3.7M | $42.2M | $40.4M |
| 2016 | $1.6M | $811.9K | $3.8M | $44.5M | $42.5M |
| 2015 | $2.6M | $1.6M | $3.4M | $46.8M | $44.6M |
| 2014 | $2.7M | $2M | $3.3M | $47.5M | $45.5M |
| 2013 | $3.6M | $3.1M | $3.7M | $47.9M | $46.1M |
| 2012 | $8.2M | $7.9M | $1.8M | $47.7M | $46.1M |
| 2011 | $24.4M | $24.1M | $920.9K | $43.8M | $39.8M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Robin Forman | Board Member | 2 | $0 | $0 | $0 | $0 |
Joseph M Moerschbaecher Phd
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Larry H Hollier Md
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Patrick Norton
Chairman
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Robin Forman
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0