Association of Biomolecular Resource Facilities Inc

EIN: 561659510 501(c)(3) Science & Technology

Lexington, KY

Total Revenue
$2,071,902
Total Expenses
$1,851,420
Total Assets
$2,068,558
Net Assets
$1,623,032
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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
DE
Principal Officer
Ken Schoppmann
Phone
8595149150
Tax Period
2023-01-01 to 2023-12-31

Association of Biomolecular Resource Facilities Inc, founded in 1988, is a community nonprofit in the Science & Technology sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 11% surplus.

Mission

ABRF IS A UNIQUE MEMBERSHIP ASSOCIATION COMPRISING OVER 700 MEMBERS WORKING WITHIN OR IN THE SUPPORT OF RESOURCE AND RESEARCH BIOTECHNOLOGY LABORATORIES. OUR MEMBERS REPRESENT OVER 340 LABORATORIES AND ADMINISTRATIVE OFFICES IN GOVERNMENT, ACADEMIA, RESEARCH, INDUSTRY AND COMMERCIAL SETTINGS. THE ABRF PROMOTES THE EDUCATION AND CAREER ADVANCEMENT OF SCIENTISTS THROUGH CONFERENCES, A QUARTERLY JOURNAL, PUBLICATION OF RESEARCH GROUP STUDIES AND CONFERENCE TRAVEL AWARDS. THE SOCIETY ALSO SPONSORS MULTI-CENTER RESEARCH STUDIES DESIGNED TO HELP MEMBERS INCORPORATE NEW BIOTECHNOLOGIES INTO THEIR LABORATORIES.

Program Service Accomplishments

Program 1
Expenses: $1,028,797 Revenue: $419,697

CONFERENCES - THE PURPOSE OF CONFERENCES IS TO EXPOSE MEMBERS TO NEW AND EMERGING BIOTECHNOLOGY THROUGH PLENARY LECTURES, ROUNDTABLES, RESEARCH GROUP PRESENTATIONS, POSTER SESSIONS, WORKSHOPS...

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CONFERENCES - THE PURPOSE OF CONFERENCES IS TO EXPOSE MEMBERS TO NEW AND EMERGING BIOTECHNOLOGY THROUGH PLENARY LECTURES, ROUNDTABLES, RESEARCH GROUP PRESENTATIONS, POSTER SESSIONS, WORKSHOPS, TECHNICAL EXHIBITS, AND NETWORKING OPPORTUNITIES WITH ACADEMIC, INDUSTRY, AND EXHIBITOR COLLEAGUES. THE ANNUAL MEETING FOCUSES ON THE ABRF MEMBERSHIP AND PROMOTES THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS COLLABORATION BETWEEN DISCIPLINES TO ENHANCE PROBLEM SOLVING IN BIOMEDICAL RESEARCH.

Program 2
Expenses: $478,895 Revenue: $74,343

ABRF has regional chapters that provide networking opportunities for core directors, managers and staff throughout the United States. The local chapters organize meetings that provide a forum for...

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ABRF has regional chapters that provide networking opportunities for core directors, managers and staff throughout the United States. The local chapters organize meetings that provide a forum for discussion of issues related to core management and their technologies. They also provide opportunities for core staff to network and obtain training and/or advanced technical information in a regional setting.

Program 3
Expenses: $66,234 Revenue: $182,700

ABRF MEMBERSHIP PROMOTES THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS BY: - PUBLISHING TECHNOLOGY FOCUSED RESEARCH GROUP STUDIES AND ADMINISTRATIVE WHITE PAPERS, - RUNNING TECHNOLOGY AND...

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ABRF MEMBERSHIP PROMOTES THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS BY: - PUBLISHING TECHNOLOGY FOCUSED RESEARCH GROUP STUDIES AND ADMINISTRATIVE WHITE PAPERS, - RUNNING TECHNOLOGY AND ADMINISTRATION FOCUSED WORKSHOPS, FOR WHICH MEMBERS RECEIVE A DISCOUNTED REGISTRATION, - ADVERTISING JOB OPENINGS ONLINE, ALLOWING EMPLOYERS TO POST AND JOB-SEEKERS TO SEARCH FOR TOP CORE FACILITY EMPLOYMENT OPPORTUNITIES THROUGHOUT THE WORLD. - CONNECTING MENTORS AND MENTEES, SO THAT THOSE EARLY OR EVEN LATER IN THEIR CORE FACILITY CAREERS CAN FIND COUNSEL IN SELF-IDENTIFIED MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,337,813
Program Service Revenue $676,740
Investment Income $49,545
Other Revenue $7,804
TOTAL REVENUE $2,071,902

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,599,332
Other Expenses $1,851,420
TOTAL EXPENSES $1,851,420

Year-over-Year Comparison

2023 2022 Change
Revenue $2,071,902 $1,807,615 +0.1%
Expenses $1,851,420 $1,564,585 +0.2%
Net Income $220,482 $243,030 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
150

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Roxann Ashworth Director 0.50
Director
$0 $0 $0
SRIDAR CITTUR Director 0.50
Director
$0 $0 $0
MARIE ADAMS President 1.50
Officer Director
$0 $0 $0
Justine Kigenyi Treasurer 1.00
Officer Director
$0 $0 $0
Kym Delventhal Director 0.50
Director
$0 $0 $0
KEVIN KNUDTSON Outgoing Pres. 1.50
Officer Director
$0 $0 $0
MAGNUS PALMBLAD Outgoing Dir. 0.50
Director
$0 $0 $0
SARA BOWEN Director 0.50
Director
$0 $0 $0
DIANE MILLER Director 0.50
Director
$0 $0 $0
THAYUMANASAMY SOMASUNDARAM Director 0.50
Director
$0 $0 $0
SUE WEINTRAUB Director 0.50
Director
$0 $0 $0
KEN SCHOPPMANN Executive Dir. 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,071,902 $1,851,420 $2,068,558 $220,482
2022 $1,807,615 $1,564,585 $1,700,623 $243,030
2021 $822,565 $570,952 $1,879,453 $251,613
2020 $869,652 $952,467 $1,129,195 $-82,815
2019 $1,114,786 $1,327,780 $1,290,993 $-212,994
2018 $1,196,895 $1,173,711 $1,707,584 $23,184
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