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Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$1.3M
Total Contributions
$1.3M
Total Expenses
▼$1.8M
Total Assets
$2.6M
Total Liabilities
▼$1.8M
Net Assets
$862.8K
Officer Compensation
→$0
Other Salaries
$535.1K
Investment Income
▼$5,268
Fundraising
▼$0
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.5M
Awards Found
2
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Small Business Administration | FY 23 CONGRESSIONAL COMMUNITY PROJECT VIRGINIA BIOTECHNOLOGY RESEARCH PARK | $1.5M | FY2023 | May 2023 – Jan 2024 |
| National Science Foundation | NSF ENGINES DEVELOPMENT AWARD: ENHANCING THE QUALITY MANUFACTURING OF ADVANCED AND AFFORDABLE PHARMACEUTICALS IN THE U.S. (VA) -THIS NSF ENGINES DEVELOPMENT AWARD TO THE THE VIRGINIA BIOTECHNOLOGY RESEARCH PARK CORPORATION (VBRPC) DBA ACTIVATION CAPITAL WILL SUPPORT A ROBUST PHARMACEUTICAL CLUSTER DEVELOPMENT PROGRAM THROUGH THE CREATION OF THE ALLIANCE FOR BUILDING BETTER MEDICINE (ALLIANCE). THE ALLIANCE IS FURTHERING AN ADVANCED PHARMACEUTICAL MANUFACTURING AND R&D ENGINE (ENGINE) IN THE DISTRESSED RICHMOND/PETERSBURG REGION IN CENTRAL VIRGINIA. TO ESTABLISH THIS ENGINE, ACTIVATION CAPITAL WILL TEAM WITH 23 CORE PARTNERS, INCLUDING ALL 14 ALLIANCE MEMBERS, OVER AN 18-MONTH DEVELOPMENT PHASE PERIOD TO ACCOMPLISH 25 PLANNING AND CAPACITY BUILDING ACTIVITIES THAT WILL POSITION THE ALLIANCE TO BUILD A MATURE ADVANCED PHARMACEUTICAL MANUFACTURING (APM) INNOVATION ECOSYSTEM CAPABLE OF CREATING SIGNIFICANT JOBS AND INVESTMENT IN THE REGION. THESE PLANNING ACTIVITIES ARE CRITICAL FOR THE ALLIANCE TO IMPLEMENT THE INTEGRATED TRANSLATIONAL, COMMERCIALIZATION, AND WORKFORCE DEVELOPMENT ACTIVITIES WHICH CAN HELP TO RE-SHORE SAFE AND AFFORDABLE MEDICINES AND CREATE WIDE-REACHING IMPACT FOR INDIVIDUALS ACROSS THE UNITED STATES AND BEYOND. OF THE 23 CORE PARTNERS, THREE WILL BE DIRECT SUBRECIPIENTS ? VIRGINIA COMMONWEALTH UNIVERSITY (VCU); US PHARMACOPEIA (USP); AND THE COMMONWEALTH CENTER FOR ADVANCED MANUFACTURING (CCAM). THIS PROJECT ADDRESSES THE CHALLENGE THAT VIRTUALLY ALL MEDICINES RELY ON OVERSEAS PRODUCTION FOR KEY STARTING MATERIALS, ACTIVE PHARMACEUTICAL INGREDIENTS (APIS), FINISHED DOSE FORMULATIONS, AND OFTEN ALL THREE. WITH 73% OF FDA REGISTERED API MANUFACTURING FACILITIES LOCATED OVERSEAS, THE SUPPLY OF QUALITY MEDICINES IS UNEVEN, AT RISK, AND DIFFICULT TO REGULATE AND MONITOR. SINCE 2014, VCU?S MEDICINES FOR ALL INSTITUTE, HAS LED THE U.S. IN RESEARCH AND DEVELOPMENT TO OPTIMIZE API PRODUCTION TO CREATE CLEANER, FASTER, AND CHEAPER APM METHODS. THESE INNOVATIONS HAVE LED TO DIRECT PROCESS DISSEMINATION TO MANUFACTURERS FOR SCALE-UP AND IMPLEMENTATION AND ALLOWED THE REGION TO EMERGE AS A LEADER IN INNOVATIVE HYBRID AND CONTINUOUS FLOW MANUFACTURING (CFM), AN FDA-RECOGNIZED EMERGING TECHNOLOGY. IN ORDER TO ACCELERATE THE CREATION OF AN END-TO-END TRANSLATIONAL APM ENGINE THAT WILL DRIVE THE NATION?S EFFORT TO SECURE ITS SUPPLY OF QUALITY AFFORDABLE MEDICINES, THE ENGINE WILL ACCOMPLISH FIVE STRATEGIC GOALS AS PART OF THIS DEVELOPMENT PHASE: 1) ASSEMBLE A ROBUST, QUALIFIED AND DIVERSE ENGINE GOVERNANCE BOARD AND LEADERSHIP TEAM; 2) BUILD A FOUNDATIONAL STRATEGIC IMPLEMENTATION PLAN; CREATE A WELL-ROUNDED RECRUITMENT AND MANAGEMENT STRATEGY FOR STRATEGIC PARTNERS; 4) CRAFT A COMPREHENSIVE WORKFORCE DEVELOPMENT PLAN; AND 5) STRENGTHEN AND ALIGN THE DIVERSITY, EQUITY, INCLUSION AND ACCESSIBILITY (DEIA) PLAN WITH FEDERAL STANDARDS. THIS APPROACH WILL POSITION THE ALLIANCE TO BUILD A LONG-TERM SUSTAINABLE REGIONAL INNOVATION ENGINE IN THE FUTURE. THIS AWARD REFLECTS NSF'S STATUTORY MISSION AND HAS BEEN DEEMED WORTHY OF SUPPORT THROUGH EVALUATION USING THE FOUNDATION'S INTELLECTUAL MERIT AND BROADER IMPACTS REVIEW CRITERIA.- SUBAWARDS ARE PLANNED FOR THIS AWARD. | $1M | FY2024 | Mar 2024 – Feb 2026 |
Small Business Administration
$1.5M
FY 23 CONGRESSIONAL COMMUNITY PROJECT VIRGINIA BIOTECHNOLOGY RESEARCH PARK
National Science Foundation
$1M
NSF ENGINES DEVELOPMENT AWARD: ENHANCING THE QUALITY MANUFACTURING OF ADVANCED AND AFFORDABLE PHARMACEUTICALS IN THE U.S. (VA) -THIS NSF ENGINES DEVELOPMENT AWARD TO THE THE VIRGINIA BIOTECHNOLOGY RESEARCH PARK CORPORATION (VBRPC) DBA ACTIVATION CAPITAL WILL SUPPORT A ROBUST PHARMACEUTICAL CLUSTER DEVELOPMENT PROGRAM THROUGH THE CREATION OF THE ALLIANCE FOR BUILDING BETTER MEDICINE (ALLIANCE). THE ALLIANCE IS FURTHERING AN ADVANCED PHARMACEUTICAL MANUFACTURING AND R&D ENGINE (ENGINE) IN THE DISTRESSED RICHMOND/PETERSBURG REGION IN CENTRAL VIRGINIA. TO ESTABLISH THIS ENGINE, ACTIVATION CAPITAL WILL TEAM WITH 23 CORE PARTNERS, INCLUDING ALL 14 ALLIANCE MEMBERS, OVER AN 18-MONTH DEVELOPMENT PHASE PERIOD TO ACCOMPLISH 25 PLANNING AND CAPACITY BUILDING ACTIVITIES THAT WILL POSITION THE ALLIANCE TO BUILD A MATURE ADVANCED PHARMACEUTICAL MANUFACTURING (APM) INNOVATION ECOSYSTEM CAPABLE OF CREATING SIGNIFICANT JOBS AND INVESTMENT IN THE REGION. THESE PLANNING ACTIVITIES ARE CRITICAL FOR THE ALLIANCE TO IMPLEMENT THE INTEGRATED TRANSLATIONAL, COMMERCIALIZATION, AND WORKFORCE DEVELOPMENT ACTIVITIES WHICH CAN HELP TO RE-SHORE SAFE AND AFFORDABLE MEDICINES AND CREATE WIDE-REACHING IMPACT FOR INDIVIDUALS ACROSS THE UNITED STATES AND BEYOND. OF THE 23 CORE PARTNERS, THREE WILL BE DIRECT SUBRECIPIENTS ? VIRGINIA COMMONWEALTH UNIVERSITY (VCU); US PHARMACOPEIA (USP); AND THE COMMONWEALTH CENTER FOR ADVANCED MANUFACTURING (CCAM). THIS PROJECT ADDRESSES THE CHALLENGE THAT VIRTUALLY ALL MEDICINES RELY ON OVERSEAS PRODUCTION FOR KEY STARTING MATERIALS, ACTIVE PHARMACEUTICAL INGREDIENTS (APIS), FINISHED DOSE FORMULATIONS, AND OFTEN ALL THREE. WITH 73% OF FDA REGISTERED API MANUFACTURING FACILITIES LOCATED OVERSEAS, THE SUPPLY OF QUALITY MEDICINES IS UNEVEN, AT RISK, AND DIFFICULT TO REGULATE AND MONITOR. SINCE 2014, VCU?S MEDICINES FOR ALL INSTITUTE, HAS LED THE U.S. IN RESEARCH AND DEVELOPMENT TO OPTIMIZE API PRODUCTION TO CREATE CLEANER, FASTER, AND CHEAPER APM METHODS. THESE INNOVATIONS HAVE LED TO DIRECT PROCESS DISSEMINATION TO MANUFACTURERS FOR SCALE-UP AND IMPLEMENTATION AND ALLOWED THE REGION TO EMERGE AS A LEADER IN INNOVATIVE HYBRID AND CONTINUOUS FLOW MANUFACTURING (CFM), AN FDA-RECOGNIZED EMERGING TECHNOLOGY. IN ORDER TO ACCELERATE THE CREATION OF AN END-TO-END TRANSLATIONAL APM ENGINE THAT WILL DRIVE THE NATION?S EFFORT TO SECURE ITS SUPPLY OF QUALITY AFFORDABLE MEDICINES, THE ENGINE WILL ACCOMPLISH FIVE STRATEGIC GOALS AS PART OF THIS DEVELOPMENT PHASE: 1) ASSEMBLE A ROBUST, QUALIFIED AND DIVERSE ENGINE GOVERNANCE BOARD AND LEADERSHIP TEAM; 2) BUILD A FOUNDATIONAL STRATEGIC IMPLEMENTATION PLAN; CREATE A WELL-ROUNDED RECRUITMENT AND MANAGEMENT STRATEGY FOR STRATEGIC PARTNERS; 4) CRAFT A COMPREHENSIVE WORKFORCE DEVELOPMENT PLAN; AND 5) STRENGTHEN AND ALIGN THE DIVERSITY, EQUITY, INCLUSION AND ACCESSIBILITY (DEIA) PLAN WITH FEDERAL STANDARDS. THIS APPROACH WILL POSITION THE ALLIANCE TO BUILD A LONG-TERM SUSTAINABLE REGIONAL INNOVATION ENGINE IN THE FUTURE. THIS AWARD REFLECTS NSF'S STATUTORY MISSION AND HAS BEEN DEEMED WORTHY OF SUPPORT THROUGH EVALUATION USING THE FOUNDATION'S INTELLECTUAL MERIT AND BROADER IMPACTS REVIEW CRITERIA.- SUBAWARDS ARE PLANNED FOR THIS AWARD.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $1.8M | $2.6M | $862.8K |
| 2022 | $1.9M | $1.9M | $1.4M | $1.6M | $1.3M |
| 2021 | $1.2M | $1.2M | $809.9K | $854.7K | $846.9K |
| 2020 | $1.3M | $1.3M | $961.6K | $609.8K |
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 Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| $483K |
| 2019 | $940.6K | $940.6K | $812.3K | $399.8K | $138.8K |
| 2018 | $239.1K | $239.1K | $340.5K | $136K | $8,695 |
| 2017 | $137.3K | $137.3K | $211.1K | $460.1K | $110.1K |
| 2016 | $380.6K | $367.5K | $223.2K | $184.4K | $184.4K |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |