2025-11-17T16:22:34-06:00 2024-12-31 630590670 Kassouf & Co Inc 2101 Highland Ave S Suite 300 Birmingham AL 352054009 990 2024-01-01 934981504 Birmingham Bio Innovation Corporation BIRM 2052541986 1821 11th Avenue South Unit 55004 Birmingham AL 35205 Sanjay Singh President 2052430489 2025-11-17 1 0 Michael Kassouf P01328519 2054432500 2025-11-17 2024 2025-03-06 01:10:19Z Sanjay Singh 1821 11th Avenue South Unit 55004 Birmingham AL 35205 800000 0 X X 2023 AL Birmingham Bio Innovation Corporation's mission is to facilitate and promote the growth of Alabama's biotechnology ecosystem. Building on the region's existing strengths in R&D, fueled by the University of Alabama at Birmingham (the State of Alabama's largest employer) and Southern Research Institute (a translational research institution with a long history of biotech and pharmaceutical research and commercialization), BBIC will advance an innovative biotech economy that attracts and nurtures companies, creates jobs, and improves health outcomes through accelerating the development of drugs, vaccines, and diagnostics. 4 4 0 0 0 0 0 800000 0 0 0 0 0 0 0 800000 0 0 0 0 0 0 0 0 777310 0 846207 0 846207 0 -46207 0 5505160 0 5551367 0 -46207 X Birmingham Bio Innovation Corporation's mission is to facilitate and promote the growth of Alabama's biotechnology ecosystem. Building on the region's existing strengths in R&D, fueled by the University of Alabama at Birmingham (the State of Alabama's largest employer) and Southern Research Institute (a translational research institution with a long history of biotech and pharmaceutical research and commercialization), BBIC will advance an innovative biotech economy that attracts and nurtures companies, creates jobs, and improves health outcomes through accelerating the development of drugs, vaccines, and diagnostics. 0 0 800000 The Organization partipated in various activities throughout the year for the purpose of organizing and raising funds in order to support future projects to advance an innovative biotech economy. 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 AL X The Organization 2052541986 1821 11th Avenue South Unit 55004 Birmingham AL 35205 X Sanjay Singh President 1.00 X X 0 0 0 Miller Girvin Director 0.50 X 0 0 0 Alesia Jones Director 0.50 X 0 0 0 Kathy Nugent President Elect 5.00 X X 0 0 0 0 0 0 0 0 0 0 0 200000 600000 800000 800000 0 0 0 X 96787 48393 48394 732409 6909 725500 6832 3416 3416 Administrative Expenses 9272 9272 Dues & Subscriptions 837 837 Bank Service Charges 70 70 846207 0 68897 777310 0 5005160 0 500000 0 5505160 0 51350 5000000 0 500017 0 5551367 X 0 0 0 0 0 -46207 0 -46207 0 5505160 -46207 0 X 0 0 0 X 0 0 0 0 5800000 5800000 5800000 5800000 5800000 5800000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 110500 0 0 110500 0 Part II-B, Line 1: The Organization engaged Swatek, Vaughn, & Bryan to lobby the Alabama legislature to obtain funding for the Organization through the Alabama Industrial Development and Training Institute (AIDT) as provided by the Alabama Education Trust Fund Budget for FY 2025. The existence of the Organization was reliant on this funding and funding was executed by AIDT in 2024. 0 Divvy- Credit Cards 17 Undisbursed Grant Awarded 500000 500017 1 Form 990, Part VI, Section B, line 11b Before the 990 is filed, an electronic copy of the entire 990 is provided to each board member. Each board member reviews the entire 990 and provides questions which are communicated to the Organization's Form 990 preparer. Once all questions are answered, the board members either electronically approve the Form 990 or approve it in a board meeting and it is submitted to the Internal Revenue Service. Form 990, Part VI, Section C, line 18 The organization's Form 990 is available upon request. Form 990, Part VI, Section C, line 19 Governing documents and financial statements are available upon request. Form 990, Part IX, line 11g Consulting Fees: Program service expenses 0. Management and general expenses 6,909. Fundraising expenses 725,500. Total expenses 732,409.