Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 81-2546388

INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC

Tax-exempt · IPSWICH, MA 01938

Financials

$360K$529K2023
Revenue Expenses · by fiscal year end
Financials of INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$360,000$529,369-$169,369$17,067$250$16,817
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$360,000
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,289
Accounting fees
$3,150
Travel
$78,391
Depreciation
$860
Program services (functional)
$436,048
Management and general (functional)
$93,321

Balance sheet and other

Total assets, start of year
$186,436
Total assets, end of year
$17,067
Total liabilities, end of year
$250
Net assets, end of year
$16,817
Land, buildings and equipment
$4,084
Net assets without donor restrictions
$1,817
Net assets with donor restrictions
$15,000
Gross receipts
$360,000
Employees
0
Volunteers
5
Year formed
2016
State of legal domicile
MA

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, 2023, highest compensation first.

NameTitleHours / weekCompensation
CURTIS SPROUSEPRESIDENT
Trustee or director, Officer
5$0
ANTHONY MANNINGCHAIRMAN OF THE BOARD OF D
Trustee or director
5$0
HENRY SKINNERDIRECTOR
Trustee or director
5$0
GREGG FAIRBROTHERSDIRECTOR
Trustee or director
5$0
CHARLES YONSECRETARY
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
27 MARKET STREET, IPSWICH, MA 01938-3800
Principal officer (990 for 2023)
CURTIS SPROUSE, 27 MARKET STREET, IPSWICH, MA 01938
Signed the 990
CURTIS SPROUSE, PRESIDENT
Phone
(781) 245-7773
Return prepared by
STOWE & DEGON LLC

Mission

THE DEVELOPMENT AND DELIVERY OF EDUCATIONAL PROGRAMS FOR RESEARCHERS AND OTHER INNOVATORS TO IMPROVE PUBLIC HEALTH.

990 for the year ended December 31, 2023

Program accomplishments

  • EDUCATIONAL TRAINING CERTIFICATION PROGRAM
    Expenses $436,048 · revenue $360,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-2546388
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$17,067
Income (IRS master file)
$360,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$360,000$529,369$17,067XML
990December 2022$424,000$334,698$186,436IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990December 2019–––IRS
990-EZDecember 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 81-2546388).

Questions about INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC

What is the EIN of INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC?
The employer identification number (EIN) of INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC is 81-2546388.
Is INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC?
The 990 for the year ended December 31, 2023 names CURTIS SPROUSE.
Who are the officers and directors of INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC?
The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
How much revenue does INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $360,000, expenses of $529,369 and total assets of $17,067 at year end.

Other nonprofits in IPSWICH

All nonprofits in IPSWICH · Massachusetts · Education