Nonprofit · EIN 84-3418742
SPECTRUM BIOBANK INC
Tax-exempt · PORTOLA VALLY, CA 94028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,509 | $358,715 | -$356,206 | $11,804 | $60 | $11,744 |
| December 31, 2023 | 990 | $273,057 | $326,742 | -$53,685 | $368,042 | $92 | $367,950 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $2,491
- Other revenue
- $18
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $110,000
- Salaries, compensation and benefits (total)
- $118,737
- Professional fundraising fees
- $0
- Accounting fees
- $10,320
- Program services (functional)
- $309,043
- Management and general (functional)
- $49,672
Balance sheet and other
- Total assets, start of year
- $368,042
- Total assets, end of year
- $11,804
- Total liabilities, end of year
- $60
- Net assets, end of year
- $11,744
- Gross receipts
- $2,509
- Employees
- 1
- Volunteers
- 10
- Year formed
- 2019
- 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 |
|---|---|---|---|
| YAMBAZI BANDA | CEO Trustee or director, Officer | 40 | $110,000 |
| DANNY PARK | TREASURER/CFO Trustee or director, Officer | 3 | $0 |
| NEEL MURARKA | SECRETARY Trustee or director, Officer | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANNY PARK | CEO/CFO Trustee or director, Officer | 40 | $93,750 |
| YAMBAZI BANDA | CEO Trustee or director, Officer | 40 | $45,909 |
| NEEL MURARKA | SECRETARY Trustee or director, Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 3130 ALPINE RD STE 288 PMB 102, PORTOLA VALLY, CA 94028-7541
- In care of
- % NEEL BUBBA MURARKA
- Mailing address (990-N for 2020)
- 3130 Alpine Road Suite 288 102, Portola Valley CA 94028
- Principal officer (990 for 2024)
- YAMBAZI BANDA, 3130 ALPINE ROAD SUITE 288 102, PORTOLA, CA 94028
- Principal officer (990-N for 2020)
- Danny Park, 1420 Greenwood Avenue, San Carlos CA 94070
- Signed the 990
- YAMBAZI BANDA, CEO
- Phone
- (415) 912-8816
- Website
- https://spectrumbiobank.org
- Return prepared by
- SENSIBA LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-3418742 or by the name SPECTRUM BIOBANK INC.
- 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
SPECTRUM BIOBANK, A NON-PROFIT ORGANIZATION, IS FOCUSED ON CLOSING THE GENETIC DIVERSITY GAP AS THE WORLD'S ONLY DIVERSITY FIRST BIOBANK FOR RESEARCHERS. WE EDUCATE, COLLECT SAMPLES, AND SEQUENCE DNA FROM UNDER-REPRESENTED GROUPS SO THAT OUR ACADEMIC RESEARCH PARTNERS CAN DEVELOP PRECISION MEDICINE FOR EVERYONE.
Program accomplishments
- SPECTRUM IS FOCUSED ON BRIDGING THE DIVERSITY GAP IN GENOMICS. TO THAT EFFECT IT HAS SETUP A BIOBANK TO GENERATE DNA SEQUENCE DATA FROM DIVERSE POPULATIONS AND PARTNER WITH RESEARCHERS TO PROVIDE INSIGHTS USING THIS DATA.Expenses $309,043
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 | 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
- 84-3418742
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Medical research (H99)
- Assets (IRS master file)
- $11,804
- Income (IRS master file)
- $2,509
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,509 | $358,715 | $11,804 | XML |
| 990 | December 2023 | $273,057 | $326,742 | $368,042 | XML |
| 990 | December 2022 | $300,000 | $246,430 | $421,635 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Danny Park | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-3418742).
Questions about SPECTRUM BIOBANK INC
- What is the EIN of SPECTRUM BIOBANK INC?
- The employer identification number (EIN) of SPECTRUM BIOBANK INC is 84-3418742.
- Is SPECTRUM BIOBANK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to SPECTRUM BIOBANK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPECTRUM BIOBANK INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SPECTRUM BIOBANK 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 SPECTRUM BIOBANK INC 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 SPECTRUM BIOBANK INC?
- The 990 for the year ended December 31, 2024 names YAMBAZI BANDA.
- Who are the officers and directors of SPECTRUM BIOBANK INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $110,000 (YAMBAZI BANDA, CEO).
- How much revenue does SPECTRUM BIOBANK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,509, expenses of $358,715 and total assets of $11,804 at year end.
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