Nonprofit · EIN 82-5056708
APPLIED BIOMEDICAL SCIENCE INSTITUTE
Tax-exempt · SAN DIEGO, CA 92127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,539,463 | $4,281,826 | $257,637 | $2,583,136 | $1,637,229 | $945,907 |
| December 31, 2023 | 990 | $4,081,942 | $4,101,586 | -$19,644 | $2,783,859 | $2,110,968 | $672,891 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,679,118
- of which government grants
- $2,678,563
- Program service revenue
- $1,948,368
- Investment income
- -$88,041
- Net gain from sales of assets
- -$100,056
- Other revenue
- $18
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $591,922
- Other salaries and wages
- $1,253,782
- Salaries, compensation and benefits (total)
- $2,117,528
- Professional fundraising fees
- $0
- Legal fees
- $227,187
- Accounting fees
- $19,000
- Occupancy
- $389,486
- Travel
- $7,575
- Depreciation
- $182,642
- Program services (functional)
- $3,170,490
- Management and general (functional)
- $1,111,336
Balance sheet and other
- Total assets, start of year
- $2,783,859
- Total assets, end of year
- $2,583,136
- Total liabilities, end of year
- $1,637,229
- Net assets, end of year
- $945,907
- Land, buildings and equipment
- $512,121
- Publicly traded securities
- $296,361
- Net assets without donor restrictions
- $945,907
- Gross receipts
- $4,661,082
- Employees
- 19
- Volunteers
- 3
- Year formed
- 2018
- State of legal domicile
- CA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURENT VERKOCZY | PROFESSOR Key employee | 40 | $223,011 | $0 |
| MARILYN DIAZ | ASSOCIATE PROFESSOR Key employee | 40 | $155,498 | $21,007 |
| VAUGHN SMIDER | PRESIDENT Trustee or director, Officer | 40 | $146,222 | $15,234 |
| DUNCAN MCGREGOR | VICE PRESIDENT, RESEARCH Highest-paid employee | 40 | $122,412 | $15,816 |
| CHARLES MELANCON | DIRECTOR OF CHEMICAL BIOLO Highest-paid employee | 40 | $108,298 | $21,007 |
| RUIQI HUANG | RESEARCH FELLOW Highest-paid employee | 40 | $109,091 | $17,425 |
| PETER SLOVER | CHIEF FINANICAL OFFICER Officer | 10 | $30,950 | $0 |
| RONALD MARTELL | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| JAMES LARRICK | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
| DAVID RABUKA | BOARD MEMBER Trustee or director | 1.5 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURENT VERKOCZY | PROFESSOR Key employee | 40 | $213,138 | $0 |
| DUNCAN MCGREGOR | VICE PRESIDENT, DISCOVERY Key employee | 40 | $175,432 | $6,710 |
| MARILYN DIAZ | ASSOCIATE PROFESSOR Key employee | 40 | $155,641 | $19,319 |
| VAUGHN SMIDER | PRESIDENT Trustee or director, Officer | 40 | $136,532 | $14,005 |
| CHARLES MELANCON | DIRECTOR OF CHEMICAL BIOLOGY Highest-paid employee | 40 | $108,676 | $19,319 |
| PETER SLOVER | CHIEF FINANICAL OFFICER Officer | 10 | $35,175 | $0 |
| RONALD MARTELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES LARRICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID RABUKA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11011 VIA FRONTERA STE D, SAN DIEGO, CA 92127-1752
- In care of
- % VAUGHN SMIDER
- Principal officer (990 for 2024)
- VAUGHN SMIDER, 11011 VIA FRONTERA SUITE D, SAN DIEGO, CA 92127
- Signed the 990
- VAUGHN SMIDER, PRESIDENT
- Phone
- (858) 346-6300
- Website
- WWW.ABSINSTITUTE.ORG
- Return prepared by
- ARMANINO ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 82-5056708 or by the name APPLIED BIOMEDICAL SCIENCE INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROMOTE AND PERFORM BIOMEDICAL RESEARCH TO ADVANCE THE UNDERSTANDING AND TREATMENT OF UNDERSERVED MEDICAL CONDITIONS.
Program accomplishments
- THE APPLIED BIOMEDICAL SCIENCE INSTITUTE (AKA ABS INSTITUTE) IS FORMED TO PROMOTE AND PERFORM BIOMEDICAL RESEARCH INVOLVING BIOLOGICAL MECHANISMS OF DISEASE PATHOGENESIS AND RESOLUTION. THE INSTITUTE WILL PERFORM BASIC AND TRANSLATIONAL BIOMEDICAL RESEARCH, INCLUDING MOLECULAR, GENETIC, CELLULAR, AND PHYSIOLOGICAL STUDIES, AND PUBLISH ITS RESULTS IN PUBLICLY ACCESSIBLE PEER REVIEWED PUBLICATIONS, AS WELL AS PRESENTATIONS AT NATIONAL AND INTERNATIONAL SCIENTIFIC MEETINGS AND CONFERENCES. THE INSTITUTE PROMOTES THERAPEUTIC TRANSLATION THROUGH INTERNAL RESEARCH, COLLABORATIONS, OR LICENSING ACTIVITIES OF ITS RESEARCH FINDINGS OR INTELLECTUAL PROPERTY. THE INSTITUTE TRAINS EARLY STAGE RESEARCHERS IN BIOMEDICAL RESEARCH THROUGH POST-DOCTORAL FELLOW AND INTERNSHIP PROGRAMS. A PART OF THE INSTITUTE'S ACTIVITIES WILL BE TO PROMOTE EDUCATION AND PROVIDE RESOURCES THROUGH ITS WEBSITE.Expenses $3,170,490 · revenue $1,948,368
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not 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
- 82-5056708
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H92)
- Assets (IRS master file)
- $2,583,136
- Income (IRS master file)
- $4,661,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,539,463 | $4,281,826 | $2,583,136 | XML |
| 990 | December 2023 | $4,081,942 | $4,101,586 | $2,783,859 | XML |
| 990 | December 2022 | $3,480,044 | $3,496,560 | $2,861,100 | 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 82-5056708).
Questions about APPLIED BIOMEDICAL SCIENCE INSTITUTE
- What is the EIN of APPLIED BIOMEDICAL SCIENCE INSTITUTE?
- The employer identification number (EIN) of APPLIED BIOMEDICAL SCIENCE INSTITUTE is 82-5056708.
- Is APPLIED BIOMEDICAL SCIENCE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to APPLIED BIOMEDICAL SCIENCE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does APPLIED BIOMEDICAL SCIENCE INSTITUTE 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 APPLIED BIOMEDICAL SCIENCE INSTITUTE 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 APPLIED BIOMEDICAL SCIENCE INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of APPLIED BIOMEDICAL SCIENCE INSTITUTE?
- The 990 for the year ended December 31, 2024 names VAUGHN SMIDER.
- Who are the officers and directors of APPLIED BIOMEDICAL SCIENCE INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 10 people; 7 received compensation from the organization, the highest $223,011 (LAURENT VERKOCZY, PROFESSOR).
- How much revenue does APPLIED BIOMEDICAL SCIENCE INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,539,463, expenses of $4,281,826 and total assets of $2,583,136 at year end.
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