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Institute For Biomedical Entrepreneurship Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$360k (2023)

Expenses
$529k (2023)

Total Assets
$17.1k (2023)

Total Liabilities
$250 (2023)

Source: Form 990 tax filings from 2016 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$360,000
Expenses
$529,369
Net Income
-$169,369
Net Assets
$16,817
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $360,000
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,067
Total Liabilities $250
Net Assets $16,817
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Curtis Sprouse (President) $0 $0 $0
Anthony Manning (Chairman Of The Board Of D) $0 $0 $0
Henry Skinner (Director) $0 $0 $0
Gregg Fairbrothers (Director) $0 $0 $0
Charles Yon (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$424,000
Expenses
$334,698
Net Income
$89,302
Net Assets
$186,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $424,000
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $186,436
Total Liabilities $250
Net Assets $186,186
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Curtis Sprouse (President) $0 $0 $0
Anthony Manning (Chairman Of The Board Of Directors) $0 $0 $0
Henry Skinner (Director) $0 $0 $0
Gregg Fairbrothers (Director) $0 $0 $0
Charles Yon (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$68,759
Expenses
$141,137
Net Income
-$72,378
Net Assets
$96,884
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $68,759
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $97,134
Total Liabilities $250
Net Assets $96,884
Compensation
Key Employees and Officers Compensation Other
Tony Manning (Chairman Board Of Direct) $0 $0
Charles Yon (Board Of Director) $0 $0
Henry Skinner (Board Of Director) $0 $0
Tony Manning (Board Of Director) $0 $0
Gregg Faribrothers (Board Of Director) $0 $0
Curtis Sprouse (Board Of Director) $0 $0
Curtis Sprouse (President) $0 $0
Tony Manning (Ceo) $0 $0
Gregg Faribrothers (Vice President) $0 $0
Henry Skinner (Coo) $0 $0
Curtis Sprouse (Treasurer) $0 $0
Charles Yon (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$185,000
Expenses
$113,896
Net Income
$71,104
Net Assets
$169,262
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $185,000
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $169,512
Total Liabilities $250
Net Assets $169,262
Compensation
Key Employees and Officers Compensation Other
Tony Manning (Chairman Board Of Direct) $0 $0
Charles Yon (Board Of Director) $0 $0
Henry Skinner (Board Of Director) $0 $0
Tony Manning (Board Of Director) $0 $0
Gregg Faribrothers (Board Of Director) $0 $0
Curtis Sprouse (Board Of Director) $0 $0
Curtis Sprouse (President) $0 $0
Tony Manning (Ceo) $0 $0
Gregg Faribrothers (Vice President) $0 $0
Henry Skinner (Coo) $0 $0
Curtis Sprouse (Treasurer) $0 $0
Charles Yon (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$339,600
Expenses
$271,848
Net Income
$67,752
Net Assets
$98,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $339,600
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $98,408
Total Liabilities $250
Net Assets $98,158
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Tony Manning (Chairman Board Of Direct) $0 $0 $0
Charles Yon (Board Of Director) $0 $0 $0
Henry Skinner (Board Of Director) $0 $0 $0
Gregg Fairbrothers (Board Of Director) $0 $0 $0
Curtis Sprouse (Board Of Director) $0 $0 $0
Curtis Sprouse (President) $0 $0 $0
Tony Manning (Ceo) $0 $0 $0
Gregg Fairbrothers (Vice President) $0 $0 $0
Henry Skinner (Coo) $0 $0 $0
Curtis Sprouse (Treasurer) $0 $0 $0
Charles Yon (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$157,845
Expenses
$224,241
Net Income
-$66,396
Net Assets
$30,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $157,845
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $30,656
Total Liabilities $250
Net Assets $30,406
Compensation
Key Employees and Officers Compensation Other
Tony Manning (Chairman Board Of Directors) $0 $0
Charles Yon (Board Of Director) $0 $0
Henry Skinner (Board Of Director) $0 $0
Tony Manning (Board Of Director) $0 $0
Gregg Faribrothers (Board Of Director) $0 $0
Curtis Sprouse (Board Of Director) $0 $0
Curtis Sprouse (President) $0 $0
Tony Manning (Ceo) $0 $0
Gregg Faribrothers (Vice President) $0 $0
Henry Skinner (Coo) $0 $0
Curtis Sprouse (Treasurer) $0 $0
Charles Yon (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$261,900
Expenses
$269,024
Net Income
-$7,124
Net Assets
$96,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $261,900
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $97,052
Total Liabilities $250
Net Assets $96,802
Compensation
Key Employees and Officers Compensation Related Other
Tony Manning (Chairman Board Of Directors) $0 $0 $0
Charles Yon (Board Of Director) $0 $0 $0
Henry Skinner (Board Of Director) $0 $0 $0
Tony Manning (Board Of Director) $0 $0 $0
Gregg Fairbrothers (Board Of Director) $0 $0 $0
Curtis Sprouse (Board Of Director) $0 $0 $0
Curtis Sprouse (President) $0 $0 $0
Tony Manning (Ceo) $0 $0 $0
Gregg Fairbrothers (Vice President) $0 $0 $0
Henry Skinner (Coo) $0 $0 $0
Curtis Sprouse (Treasurer) $0 $0 $0
Charles Yon (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$140,000
Expenses
$36,074
Net Income
$103,926
Net Assets
$103,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $140,000
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $104,176
Total Liabilities $250
Net Assets $103,926
Compensation
Key Employees and Officers Compensation Other
Tony Manning (Chairman Board Of Directors) $0 $0
Curtis Sprouse (President) $0 $0
Tony Manning (Ceo) $0 $0
Gregg Fairbrothers (Vice President) $0 $0
Henry Skinner (Coo) $0 $0
Curtis Sprouse (Tresurer) $0 $0
Charles Yon (Secretary) $0 $0
Charles Yon (Board Of Director) $0 $0
Henry Skinner (Board Of Director) $0 $0
Tony Manning (Board Of Director) $0 $0
Gregg Fairbrothers (Board Of Director) $0 $0
Curtis Sprouse (Board Of Director) $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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