New England Bioscience Society Inc
Nonprofit profile at a glance
- EIN
- 261237697
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Charlestown, MA, USA
- Phone
- 6175990517
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $89,751
- Expenses
- $75,391
- Assets
- $77,308
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Dongyeop Lee (President)
People named in this filing
- Dongyeop Lee (President)
- Geonho (Bae)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The New England Bioscience Society NEBS was founded in 1984 to support Korean scientists in the Boston and New England area NEBS currently has around 1000 members primarily researchers affiliated with renowned institutions such as Harvard MIT Yale Tufts and UMass Our members work across a variety of fields including basic biology biotechnology bioengineering and medical research NEBS hosts monthly seminars and an annual conference to facilitate the exchange of research industry trends and networking opportunities among members Our annual conference is a premier event uniting Korean industries and researchers to foster collaboration through presentations company showcases and recruiting opportunities NEBSs mission is to empower Korean scientists in the New England area by expanding their professional networks and supporting their career success
What it reported doing in 2024
0
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 61
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 16%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.03; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 16.7% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 16.6% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.