2024-05-09T04:21:12Z 2023-06-30 990 2022-07-01 823580514 NEW MEXICO BIOSCIENCE AUTHORITY NEWM 5052727441 1 UNIV OF NM MSC 08 4560 HSSB 305 ALBUQUERQUE NM 871310001 David Perkins MD PhD President 5052727441 2024-05-03 2022 2023-04-26 12:10:37Z X David Perkins 1 University of New Mexico 1 University of New Mexico MSC08-45 Albuquerque NM 87131 297400 false X https://www.nmbioscience.org/ X 2017 NM The mission of the NM Bioscience Authority is to help increase the amount of bioscience industry in the state of New Mexico. 10 10 0 0 0 0 288000 297400 0 0 0 0 0 0 288000 297400 0 0 0 0 226699 249177 0 0 0 64111 151144 290810 400321 -2810 -102921 256978 229058 290810 400321 -33832 -171263 The mission of the NM Bioscience Authority is to increase awareness and support for New Mexico's bioscience sector by attracting capital investors, influencing policy and assisting in infrastructure and business development. The NM Bioscience Authority connects all necessary elements of Research & Development, Technology Transfer, Investment and Funding, and Workforce Development. false false The mission of the NM Bioscience Authority is to increase the amount of Bioscience industry in the state. We do that following a number of programs including our Community Readiness Program and Co-Investment Program. Both of these programs were conducted during tax year 2022, but no specific funding was needed to explicitly fund the activities which is why these accomplishments are not included on 4a-4c of this year's form 990. Activities related to the Community Readiness Program and the Co-Investment Program were accomplished as a result of NM Bioscience Authority staff activity that was reflective in their salaries. 0 true false false true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false false false false false X 10 10 false true false false false false false true true false false true true true true true true false false true true NM X Michelle Parra 5059254498 1 University of New Mexico MSC08-4560 Albuquerque NM 87131 X Dale Dekker Chair 3.00 X 0 0 0 Tanner Schaub Vice Chair 1.00 X 0 0 0 David Perkins President 1.00 X 0 0 0 Christos Christodoulou Vice President 1.00 X 0 0 0 Francisco Pallares Secretary 1.00 X 0 0 0 Greg Byrnes Director 1.00 X 0 0 0 Paul Laur Director 1.00 X 0 0 0 Nora Sackett Director 1.00 X 0 0 0 Tom Kieft Director 1.00 X 0 0 0 Prisca Tiasse Director 1.00 X 0 0 0 0 0 0 0 false false false 0 297400 297400 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 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 297400 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 182323 0 182323 0 0 0 0 0 66854 0 66854 0 0 0 0 0 0 0 0 0 24000 0 24000 0 0 0 0 12000 0 12000 0 0 0 0 0 0 0 0 0 0 0 1513 0 1513 0 1011 0 1011 0 0 0 0 0 11049 0 11049 0 5551 5551 0 0 0 0 0 0 6500 6500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 600 0 600 0 BennuBio, Inc. Series B Preferred Stock (43,821 Shares) 75000 75000 0 0 UNM Fiscal Agent Fee 12700 0 12700 0 Technical Services (Email, Zoom, Form 990 Processing Fee) 1220 0 1220 0 0 0 0 0 400321 87051 313270 0 0 0 0 0 256978 154058 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 75000 0 0 0 0 256978 229058 290810 400321 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 290810 400321 X -33832 -171263 0 0 0 0 0 -33832 -171263 256978 229058 -102921 0 0 0 0 0 X false false false false X 0 107250 368000 294246 288000 297400 1354896 107250 368000 294246 288000 297400 1354896 1354896 1354896 1.00000 1.00000 X true 12000 12000 Part II-B, Line 1 The NMBSA hired Michelle Henrie as a lobbyist to help educate legislators regarding the BSA's state co-investment bill and business accelerator bill. Both of these bills were directly related to the BSA's mission as a 501(c)(3) to increase the amount of bioscience industry throughout the state of New Mexico. Ms. Henrie also helped BSA staff and volunteer directors navigate the legislation session to effectively partner with state legislative sponsors. In addition, she created educational material for state legislators and the general public and coached expert witnesses prior to legislation sessions. Series B Preferred Stock in BennuBio, Inc. 75000 75000 Part VIII, Line A The NM Bioscience Authority (BSA) was developed as a public/private partnership to enable state funding to co-invest with private investment in New Mexico based bioscience companies. The investment in BennuBio, Inc. was directly program related as part of the 501(c)(3) mission of the BSA. Part V, Line 1 & 2 Per its enacting legislation, NM 2017 SB 478, the NM Bioscience Authority is administratively attached to the University of New Mexico Health Sciences Center. Under these guidelines, the 2.2 NM Bioscience Authority staff members are employees of the University of New Mexico paid with NM Bioscience Authority funds to work exclusively on the objectives of the Authority. As such, the Authority itself does not manage the W2 or other tax forms related to employees. These documents are managed by the University of New Mexico (UNM). Part VI, Line 11b The 990 form is reviewed by the NM Bioscience Authority's Finance Committee who then recommends approval by the Full Board of Directors at the next Full Board meeting. The board members all receive the full copy of the 990 form, review it, discuss it as needed, and vote on whether to accept the form. Part VI, Line 12c The NM Bioscience Authority Board of Directors adopted a Conflict-of-Interest policy and review and signs one yearly. The Board actively communicates and monitors any perceived conflict-of-interest, and the Executive Committee would review if any occurred. The Board identified a potential conflict-of-interest when deciding to co-invest in BennuBio, Inc. Chair, Dale Dekker, already had a partial investment in BennuBio due to his investment in the investment firm, Tramway Ventures, that also has an investment in BennuBio. Chair Dekker was excused from the Board's vote to co-invest in BennuBio, Inc. with the NM Angels. Part VI, Line 19 The organization publishes all meeting notices, meeting agendas, and minutes following the Open Meeting Act rules and regulations. The financial report is reviewed at monthly public board meetings. All financial documents are public and will be provided to anyone who requests them. Part VI, Line 1a The full Board of Directors is comprised of 13 members, but at the end of the 2022 tax year, there were 3 vacancies making the number of Board members currently serving, 10. Part VI, Line 3 Per legislation, the NM Bioscience Authority is administratively attached to the UNM Health Sciences Center. The Authority and UNM have an Administrative and Fiscal Agency Agreement although the Board of Directors does review and approve all fiscal and administrative actions. A form 8868 extension was filed on October 9, 2023 extending the deadline to May 15, 2024.