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New Orleans Bioinnovation Center Inc

EIN 20-0078125 · New Orleans, LA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS.

Income
$2.7 million
Spending
$3.8 million
Spent on programs
84%
Reserves
-90.3 months of spending
Largest source of income
other income, 59%
Employees
14
Volunteers
7
Highest pay
$223,454, president/ceo

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 21% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 40% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 51% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $3.2 million spent. WET LABORATORY AND OFFICE RENTALSUBSIDIZE WET LABORATORY AND OFFICE RENTAL FOR START-UP BIOTECHNOLOGY AND HEALTHCARE COMPANIES, PRIMARILY DERIVED FROM LOCAL UNIVERSITY RESEARCH.
  2. 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.
  3. 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.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.