Nonprofit · EIN 62-1858660
MEMPHIS BIOWORKS FOUNDATION
Tax-exempt · MEMPHIS, TN 38103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $33 | $46,743 | -$46,710 | $5,957,723 | $96,925 | $5,860,798 |
| December 31, 2024 | 990 | $0 | $28,553 | -$28,553 | $6,004,433 | $96,925 | $5,907,508 |
| December 31, 2023 | 990 | $21 | $47,820 | -$47,799 | $6,032,986 | $96,925 | $5,936,061 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $33
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $19,904
- Accounting fees
- $5,939
- Program services (functional)
- $42,069
- Management and general (functional)
- $4,674
Balance sheet and other
- Total assets, start of year
- $6,004,433
- Total assets, end of year
- $5,957,723
- Total liabilities, end of year
- $96,925
- Net assets, end of year
- $5,860,798
- Net assets without donor restrictions
- $5,789,898
- Net assets with donor restrictions
- $70,900
- Gross receipts
- $33
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2001
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORIE JERNIGAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CORIE RIVERS | SECRETARY AND TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORIE JERNIGAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CORIE RIVERS | SECRETARY AND TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORIE JERNIGAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CORIE RIVERS | SECRETARY AND TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 17 W PONTOTOC AVE STE 100, MEMPHIS, TN 38103-3826
- In care of
- % JOHN PONTIUS
- Principal officer (990 for 2025)
- CORIE RIVERS, 17 W PONTOTOC SUITE 100, MEMPHIS, TN 38103
- Signed the 990
- CORIE RIVERS, TREASURER
- Phone
- (901) 685-3400
- Website
- WWW.MEMPHISBIOWORKS.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE FOUNDATION IS EXECUTING A STRATEGIC BUSINESS PLAN THAT LEVERAGES THE COMPETITIVE STRENGTHS WITHIN THE REGION WHILE EXPANDING THE INFRASTRUCTURE, EDUCATIONAL OPPORTUNITIES, AND ENTREPRENEUR SUPPORT NEEDED TO EXPAND ENTREPRENEURSHIP.
Program accomplishments
- LEAD ECONOMIC DEVELOPMENT PROGRAMS FOCUSED ON DEVELOPING INFRASTRUCTURE, EDUCATION/WORKFORCE, AND ENTREPRENEURSHIP IN THE LIFE SCIENCES AND INDUSTRIAL BIOSCIENCE AREAS.Expenses $42,069
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1858660
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Medical research (H059)
- Assets (IRS master file)
- $5,957,723
- Income (IRS master file)
- $33
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $33 | $46,743 | $5,957,723 | XML |
| 990 | December 2024 | $0 | $28,553 | $6,004,433 | IRS |
| 990 | December 2023 | $21 | $47,820 | $6,032,986 | XML |
| 990 | December 2022 | $2,258 | $19,125 | $6,080,785 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1858660).
Questions about MEMPHIS BIOWORKS FOUNDATION
- What is the EIN of MEMPHIS BIOWORKS FOUNDATION?
- The employer identification number (EIN) of MEMPHIS BIOWORKS FOUNDATION is 62-1858660.
- Is MEMPHIS BIOWORKS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to MEMPHIS BIOWORKS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MEMPHIS BIOWORKS FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of MEMPHIS BIOWORKS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMPHIS BIOWORKS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MEMPHIS BIOWORKS FOUNDATION?
- The 990 for the year ended December 31, 2025 names CORIE RIVERS.
- Who are the officers and directors of MEMPHIS BIOWORKS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MEMPHIS BIOWORKS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $33, expenses of $46,743 and total assets of $5,957,723 at year end.
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- PAULA & RAIFORDS DISCO CHARITY FUND INC EIN 99-1768511 · last filed 990-N for 2025
- HARWELL WILSON SURGICAL SOCIETY EIN 62-1587804 · last filed 990-N for 2024
- METHODIST HEALTHCARE-CENTRAL MISSISSIPPI MEDICAL ASSOCIATES EIN 64-0884720 · last filed 990-N for 2024
- MEMPHIS DERMATOLOGY SOCIETY EIN 20-4614737 · last filed 990-N for 2025
- AMERICAN LEBANESE SYRIAN ASSOC CHAR INC EIN 35-1044585 · last filed 990 for 2025