2024-11-15T01:11:39Z 2024-06-30 823580514 University of New Mexico 1 University of New Mexico MSC08-4560 Albuquerque NM 87131 990 2023-07-01 823580514 NEW MEXICO BIOSCIENCE AUTHORITY NEWM 5052727441 1 UNIV OF NM MSC 08 4560 HSSB 305 ALBUQUERQUE NM 871310001 David Perkins President 5052727441 2024-11-14 Michelle Parra 5059254498 2023 2024-10-15 13:58:12Z X David Perkins MD PhD 1 University of New Mexico MSC08-45 Albuquerque NM 87131 516500 false X https://www.nmbioscience.org/ X 2017 NM The mission of the NM Bioscience Authority is to help increase the amount of bioscience industry in the state of New Mexico. 12 12 0 0 0 0 297400 516500 0 0 0 0 0 0 297400 516500 0 0 0 0 249177 265292 0 0 0 151144 92364 400321 357656 -102921 158844 229058 312901 400321 357656 -171263 -44755 X The mission of the NM Bioscience Authority is to increase awareness and support for New Mexico's bioscience sector by attracting capital investors, influencing policy and assisting in infrastructure and business development. The NM Bioscience Authority connects all necessary elements of Research & Development, Technology Transfer, Investment and Funding, and Workforce Development. true false The mission of the NM Bioscience Authority is to increase the amount of Bioscience industry in the state. Much of this work is done through a number of programs including our Community Readiness Program and Co-Investment Program. Both of these programs were conducted during tax year 2023, but no specific funding was needed to explicitly fund the activities which is why these accomplishments are not included on 4a-4c of this year's form 990. Activities related to the Community Readiness Program and the Co-Investment Program were accomplished as a result of NM Bioscience Authority staff activity that was reflective in their salaries. 41461 200000 The Rural NM Biotech Ecosystem program was directly paid for by the Small Business Administration Growth Accelerator Fund Competition prizes. Work done by this program included collaborative meetings with the ecosystem and the development of the NM Bioscience Connect ecomap which can be found at www.nmbioscienceconnect.com. These collaborative meetings included workshops educating users about how to work with tech transfer offices more easily, steps on how to build biotech companies, and networking opportunities between the state's biotech entrepreneurs. The ecomap is an online platform that allows easy, equitable access to the state's resources, organizations, and opportunities. In addition, this program hired two interns that have helped update the ecomap, especially the workforce development tab, and work on marketing the platform to all users. Finally, this program contracted with the local Angels investment group, NM Angels, to help better connect companies within the rural communities to the Rural NM Biotech Ecosystem. 41461 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false false false X 12 12 false true false false false false false true true false false true true true true true true false false false NM X Michelle Parra 5059254498 1 University of New Mexico MSC08-4560 Albuquerque NM 87131 X Dale Dekker Chair 3.00 X 0 0 0 Tanner Schaub Vice Chair 1.00 X 0 0 0 Christos Christodoulou Vice President 1.00 X 0 0 0 Francisco Pallares Secretary 1.00 X 0 0 0 David Perkins President 1.00 X 0 0 0 Greg Byrnes Director 1.00 X 0 0 0 Dana Catron Director 1.00 X 0 0 0 Paul Laur Director 1.00 X 0 0 0 Alex Koglin Director 1.00 X 0 0 0 Nora Sackett Director 1.00 X 0 0 0 Tom Kieft Director 1.00 X 0 0 0 Prisca Tiasse Director 1.00 X 0 0 0 0 0 0 0 false false false 0 516500 516500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 516500 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 193263 0 193263 0 0 0 0 0 72029 0 72029 0 0 0 0 0 0 0 0 0 24000 0 24000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33750 33750 0 0 0 0 0 0 1241 0 1241 0 783 0 783 0 0 0 0 0 13325 0 13325 0 4554 4554 0 0 0 0 0 0 10398 10398 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNM Fiscal Agent Fees 2113 0 2113 0 Technical Services (Email, Zoom, Form 990 Processing Fee) 2200 0 2200 0 0 0 0 0 357656 48702 308954 0 0 0 0 0 154058 312901 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 75000 0 0 0 0 0 229058 312901 400321 357656 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 400321 357656 X -171263 -44755 0 0 -171263 -44755 229058 312901 158844 0 0 0 0 0 X false false false false X 0 368000 294246 288000 297400 516500 1764146 368000 294246 288000 297400 516500 1764146 1764146 1764146 1.00000 1.00000 X Part III, Line 2 This year, the NM Bioscience Authority (BSA) was awarded Phase I and Phase II Small Business Administration Growth Accelerator Fund Competition (SBA GAFC) prizes which allowed the BSA to develop the Rural NM Biotech Ecosystem. This ecosystem developed an active collaboration between stakeholders across the state working on developing biotech companies in rural New Mexico. A direct result of this program was the NM Bioscience Connect ecomap which is an online platform that houses all organizations, resources, events, jobs, and news articles relevant to the state's bioscience ecosystem. Part IX, Line 11g $23,750 was paid to Ecomap Technologies for them to build and maintain the New Mexico Bioscience Connect ecomap, www.nmbioscienceconnect.com. This cost was explicitly in line with the mission of the New Mexico Bioscience Authority and the SBA GAFC prize awarded to the NMBSA to build a rural biotech ecosystem. $10,000 was paid to NM Angels for their consultation services related to building the ecomap and for their help promoting the efforts of the Rural Biotech Ecosystem throughout the state. The NM Angels was included as a collaborator on the application to the SBA GAFC prize. Part V, Line 1 & 2 Per its enacting legislation, NM 2017 SB 478, the NM Bioscience Authority is administratively attached to the University of New Mexico Health Sciences Center. Under these guidelines, the 2.2 NM Bioscience Authority staff members are employees of the University of New Mexico paid with NM Bioscience Authority funds to work exclusively on the objectives of the Authority. As such, the Authority itself does not manage the W2 or other tax forms related to employees. These documents are managed by the University of New Mexico (UNM). Part VI, Line 11b The 990 form is reviewed by the NM Bioscience Authority's Finance Committee who then recommends approval by the Full Board of Directors at the next Full Board meeting. The board members all receive the full copy of the 990 form, review it, discuss it as needed, and vote on whether to accept the form. Part VI, Line 12c The NM Bioscience Authority Board of Directors has adopted a Conflict-of-Interest policy and each director completes and signs a conflict of interest form on an annual basis. The Board actively communicates and monitors any perceived conflict-of-interest, and the Executive Committee reviews under consultation with the University of New Mexico legal counsel if any occurs. Part VI, Line 19 The organization publishes all meeting notices, meeting agendas, and minutes following the Open Meeting Act rules and regulations. The financial report is reviewed at monthly public board meetings. All financial documents are public and will be provided to anyone who requests them. Part VI, Line 1a The full Board of Directors is comprised of 13 members, but at the end of the 2022 tax year, there was 1 vacancy making the number of Board members currently serving, 12. Part VI, Line 3 Per legislation, the NM Bioscience Authority is administratively attached to the UNM Health Sciences Center. The Authority and UNM have an Administrative and Fiscal Agency Agreement although the Board of Directors does review and approve all fiscal and administrative actions.