2024-05-13T11:29:03-05:00 2023-06-30 721396621 CARR RIGGS & INGRAM LLC 3850 N CAUSEWAY BLVD 1400 METAIRIE LA 70002 990 2022-07-01 200078125 NEW ORLEANS BIO INNOVATION CENTER INC NEWO 5046802973 1441 CANAL STREET NEW ORLEANS LA 70112 KRISTOPHER KHALIL PRESIDENT/CEO 5046802973 2024-05-07 1 KRISTOPHER KHALIL 999009999 0 MELISSA Y DUHON CPA P01336607 5048379116 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRISTOPHER KHALIL 1441 CANAL STREET NEW ORLEANS LA 70112 2777460 0 X N/A X 2002 LA THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS. 7 7 14 5 0 0 753285 1049579 383238 91020 8458 29093 1507487 1607768 2652468 2777460 0 0 0 0 595789 772581 0 0 0 2801471 2668698 3397260 3441279 -744792 -663819 36174841 35981638 639800 754820 35535041 35226818 THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS. 0 0 3075266 WET LABORATORY AND OFFICE RENTALSUBSIDIZE WET LABORATORY AND OFFICE RENTAL FOR START-UP BIOTECHNOLOGY AND HEALTHCARE COMPANIES, PRIMARILY DERIVED FROM LOCAL UNIVERSITY RESEARCH. COMMERCIALIZATION PROGRAMACTIVELY FACILITATES LOCAL BIOTECH BUSINESS DEVELOPMENT AND JOB CREATION THROUGH SUBSIDIZED OR FREE CONSULTING SERVICES, INCLUDING BUSINESS PLAN WRITING, MARKET RESEARCH, SECURING INTELLECTUAL PROPERTY, FORMING A MANAGEMENT TEAM, AND RAISING FINANCING THROUGH GRANT APPLICATIONS AND CONNECTIONS WITH VENTURE CAPITAL FIRMS.THIS PROGRAM ALSO AIMS TO RAISE AWARENESS OF COMMERCIALIZATION RESEARCH AS A POTENTIAL OUTCOME FOR ACADEMIC RESEARCH THROUGH PUBLIC EDUCATIONAL SEMINARS AND AN ANNUAL MINI-CONFERENCE DEDICATED TO THE DEVELOPING BIOTECH INFRASTRUCTURE AND ECONOMIC DEVELOPMENT IN NEW ORLEANS AND SURROUNDING AREAS. LOAN PROGRAMASSISTS COMPANIES IN ACQUIRING THE CAPITAL NEEDED TO ACHIEVE GROWTH THAT WILL ENABLE THEM TO CREATE MORE JOBS AND ECONOMIC OPPORTUNITIES IN LOUISIANA BY PROVIDING LOW INTEREST LOANS WITH FLEXIBLE REPAYMENT TERMS TO QUALIFYING SMALL BUSINESSES AND START-UPS. 3075266 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 23 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 X NEW ORLEANS BIO INNOVATION CENTER INC 5046802973 1441 CANAL STREET NEW ORLEANS LA 70112 ROBIN FORMAN BOARD MEMBER 2.00 X 0 0 0 LARRY H HOLLIER MD BOARD MEMBER 2.00 X 0 0 0 DR STEVE NELSON VICE CHAIRMAN 2.00 X 0 0 0 PATRICK NORTON CHAIRMAN 2.00 X 0 0 0 ANDRE RUBENSTEIN SECRETARY/TREASURER 2.00 X 0 0 0 GENE D'AMOUR BOARD MEMBER 2.00 X 0 0 0 JOSEPH M MOERSCHBAECHER PHD BOARD MEMBER 2.00 X 0 0 0 KRISTOPHER KHALIL PRESIDENT/CEO 40.00 X 187500 0 0 187500 0 0 1 0 1 0 0 1048079 1500 1049579 CONTRIBUTED SERVICE REVENUE 900099 87035 87035 VARIOUS 900099 3985 3985 91020 29093 29093 1607768 0 1607768 1607768 1607768 2777460 1727881 0 0 X 187500 138750 48750 434730 321700 113030 11520 8525 2995 92836 68699 24137 45995 34036 11959 8994 6656 2338 26000 19240 6760 452075 375128 76947 46962 46962 92405 81869 10536 59127 59127 535884 535265 619 35917 21176 14741 1157883 1157883 154976 154976 CONTRIBUTED SERVICES 87035 35100 51935 LOSS ON INVESTMENTS 10003 10003 MISCELLANEOUS 1437 171 1266 3441279 3075266 366013 0 1486558 1639318 365570 959914 171241 176220 47028890 14035301 34151472 32993589 0 212597 36174841 35981638 244738 130964 353428 360375 41634 263481 639800 754820 X 1500955 2323917 34034086 32902901 35535041 35226818 36174841 35981638 -663819 355597 0 X X 0 1 X 1 0 X 539640 554052 1006463 753285 1049579 3903019 539640 554052 1006463 753285 1049579 3903019 3903019 25572 39647 18895 8458 29093 121665 4024684 0.96980 0.97360 X 45247408 12443036 32804372 1781482 1592265 189217 32993589 RENTAL DEPOSITS 50884 LEASE LIABILITIES 212597 263481 X 3133057 355597 355597 2777460 0 2777460 3441279 0 3441279 0 3441279 PART X, LINE 2: NOBIC IS EXEMPT FROM CORPORATE INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. NOBIC HAS ADOPTED THE PROVISION OF FASB ASC 740-10-25, WHICH REQUIRES A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. THE CORPORATION'S WHOLLY OWNED SUBSIDIARY, NOBF, HAS ELECTED TO BE TREATED AS A DISREGARDED ENTITY FOR INCOME TAXATION PURPOSES. ALL ACTIVITY IS THEREFORE PRESENTED ON THE CORPORATION'S TAX RETURN. X 0 0 0 0 0 0 0 0 0 KRISTOPHER KHALIL PRESIDENT/CEO 187500 0 0 0 0 0 0 0 0 0 187500 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT CONTEMPORANEOUSLY DOCUMENT THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN BY EACH COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND THE CONTROLLER OF TULANE UNIVERSITY IN ITS MANAGED SERVICES ROLE WITH NOBIC REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORED AND ENFORCED DURING STAFF MEETINGS. (BOTH THE ORGANIZATION AND THE DISREGARDED ENTITY). FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA IS OBTAINED, REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. (BOTH THE ORGANIZATION AND THE DISREGARDED ENTITY). FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE REMITTED TO THE LOUISIANA LEGISLATIVE AUDITOR AND POSTED ON THEIR WEBSITE. (BOTH THE ORGANIZATION AND HE DISREGARDED ENTITY). FORM 990, PART IX, LINE 11G PROFESSIONAL FEES - OTHER: PROGRAM SERVICE EXPENSES 151,993. MANAGEMENT AND GENERAL EXPENSES 53,403. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,396. CONTRACT OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 223,135. MANAGEMENT AND GENERAL EXPENSES 23,544. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 246,679. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. NEW ORLEANS BIOFUNDING LLC 1441 CANAL STREET NEW ORLEANS LA 70112 371655165 LOAN PROGRAM LA 384690 1321744 NEW ORLEANS BIO INNOVATION CENTER INC