Nonprofit · EIN 20-0078125
NEW ORLEANS BIOINNOVATION CENTER INC
Tax-exempt · NEW ORLEANS, LA 70112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,747,196 | $3,833,801 | -$1,086,605 | $33,204,192 | $557,079 | $32,647,113 |
| June 30, 2024 | 990 | $2,602,562 | $4,147,194 | -$1,544,632 | $34,505,746 | $773,325 | $33,732,421 |
| June 30, 2023 | 990 | $2,777,460 | $3,441,279 | -$663,819 | $35,981,638 | $754,820 | $35,226,818 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $954,036
- of which government grants
- $695,036
- Program service revenue
- $126,163
- Investment income
- $40,765
- Net rental income
- $1,626,232
- Other revenue
- $1,626,232
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $195,313
- Other salaries and wages
- $375,467
- Salaries, compensation and benefits (total)
- $742,375
- Professional fundraising fees
- $0
- Legal fees
- $16,833
- Accounting fees
- $29,650
- Occupancy
- $412,069
- Travel
- $29,280
- Depreciation
- $1,180,591
- Program services (functional)
- $3,213,489
- Management and general (functional)
- $620,312
Balance sheet and other
- Total assets, start of year
- $34,505,746
- Total assets, end of year
- $33,204,192
- Total liabilities, end of year
- $557,079
- Net assets, end of year
- $32,647,113
- Land, buildings and equipment
- $30,797,290
- Net assets without donor restrictions
- $1,937,783
- Net assets with donor restrictions
- $30,709,330
- Gross receipts
- $2,747,196
- Employees
- 14
- Volunteers
- 7
- Year formed
- 2002
- State of legal domicile
- LA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTOPHER KHALIL | PRESIDENT/CEO Key employee | 40 | $187,500 | $35,954 |
| ROBIN FORMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NICOLE HONOREE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR STEVE NELSON | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PATRICK NORTON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ANDRE RUBENSTEIN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JOSH FLEIG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KANEISHA AKINPELUMI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ARTHUR COOPER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KRISTOPHER KHALIL | PRESIDENT/CEO Key employee | 40 | $187,500 | $29,019 |
| ROBIN FORMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LARRY H HOLLIER MD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR STEVE NELSON | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| PATRICK NORTON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ANDRE RUBENSTEIN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GENE D'AMOUR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOSEPH M MOERSCHBAECHER PHD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTOPHER KHALIL | PRESIDENT/CEO Officer | 40 | $187,500 |
| ROBIN FORMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| LARRY H HOLLIER MD | BOARD MEMBER Trustee or director | 2 | $0 |
| DR STEVE NELSON | VICE CHAIRMAN Trustee or director | 2 | $0 |
| PATRICK NORTON | CHAIRMAN Trustee or director | 2 | $0 |
| ANDRE RUBENSTEIN | SECRETARY/TREASURER Trustee or director | 2 | $0 |
| GENE D'AMOUR | BOARD MEMBER Trustee or director | 2 | $0 |
| JOSEPH M MOERSCHBAECHER PHD | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1441 CANAL ST, NEW ORLEANS, LA 70112-2714
- In care of
- % KRISTOPHER KHALIL
- Principal officer (990 for 2024)
- KRISTOPHER KHALIL, 1441 CANAL STREET, NEW ORLEANS, LA 70112
- Signed the 990
- KRISTOPHER KHALIL, PRESIDENT/CEO
- Phone
- (504) 680-2973
- Return prepared by
- CRI ADVISORS LLC
Mission
THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS.
Program accomplishments
- WET LABORATORY AND OFFICE RENTALSUBSIDIZE WET LABORATORY AND OFFICE RENTAL FOR START-UP BIOTECHNOLOGY AND HEALTHCARE COMPANIES, PRIMARILY DERIVED FROM LOCAL UNIVERSITY RESEARCH.Expenses $3,213,489 · revenue $1,793,160
- COMMERCIALIZATION PROGRAMACTIVELY FACILITATES LOCAL BIOTECH BUSINESS DEVELOPMENT AND JOB CREATION THROUGH SUBSIDIZED OR FREE CONSULTING SERVICES, INCLUDING BUSINESS PLAN WRITING, MARKET RESEARCH, SECURING INTELLECTUAL PROPERTY, FORMING A MANAGEMENT TEAM, AND RAISING FINANCING THROUGH GRANT APPLICATIONS AND CONNECTIONS WITH VENTURE CAPITAL FIRMS.THIS PROGRAM ALSO AIMS TO RAISE AWARENESS OF COMMERCIALIZATION RESEARCH AS A POTENTIAL OUTCOME FOR ACADEMIC RESEARCH THROUGH PUBLIC EDUCATIONAL SEMINARS AND AN ANNUAL MINI-CONFERENCE DEDICATED TO THE DEVELOPING BIOTECH INFRASTRUCTURE AND ECONOMIC DEVELOPMENT IN NEW ORLEANS AND SURROUNDING AREAS.
- LOAN PROGRAMASSISTS COMPANIES IN ACQUIRING THE CAPITAL NEEDED TO ACHIEVE GROWTH THAT WILL ENABLE THEM TO CREATE MORE JOBS AND ECONOMIC OPPORTUNITIES IN LOUISIANA BY PROVIDING LOW INTEREST LOANS WITH FLEXIBLE REPAYMENT TERMS TO QUALIFYING SMALL BUSINESSES AND START-UPS.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0078125
- 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
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S302)
- Assets (IRS master file)
- $33,204,192
- Income (IRS master file)
- $2,747,196
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,747,196 | $3,833,801 | $33,204,192 | IRS |
| 990 | June 2024 | $2,602,562 | $4,147,194 | $34,505,746 | IRS |
| 990 | June 2023 | $2,777,460 | $3,441,279 | $35,981,638 | XML |
| 990 | June 2022 | $2,652,468 | $3,397,260 | $36,174,841 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 20-0078125).
Questions about NEW ORLEANS BIOINNOVATION CENTER INC
- What is the EIN of NEW ORLEANS BIOINNOVATION CENTER INC?
- The employer identification number (EIN) of NEW ORLEANS BIOINNOVATION CENTER INC is 20-0078125.
- Is NEW ORLEANS BIOINNOVATION CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to NEW ORLEANS BIOINNOVATION CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ORLEANS BIOINNOVATION CENTER 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 NEW ORLEANS BIOINNOVATION CENTER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW ORLEANS BIOINNOVATION CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW ORLEANS BIOINNOVATION CENTER INC?
- The 990 for the year ended June 30, 2025 names KRISTOPHER KHALIL.
- Who are the officers and directors of NEW ORLEANS BIOINNOVATION CENTER INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $187,500 (KRISTOPHER KHALIL, PRESIDENT/CEO).
- How much revenue does NEW ORLEANS BIOINNOVATION CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,747,196, expenses of $3,833,801 and total assets of $33,204,192 at year end.
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All nonprofits in NEW ORLEANS · Louisiana · Community improvement and capacity building