Applied Biomedical Science Institute
Donations deductibleRevenue
$4.5m
year to 31 December 2024
Expenses
$4.3m
year to 31 December 2024
Total assets
$2.6m
$1.6m liabilities
Net assets
$946k
assets less liabilities
Directors and trustees
4
7.9 years on average
Staff
19
3 volunteers
Left since last filing
0
no seats appear to have opened
Officers and senior staff
6
named in Part VII
Applied Biomedical Science Institute's network
4 peoplei4 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (4). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
4 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 4 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| David Rabuka | Board Member | 2020 | 6 yrs |
| James Larrick | Board Member | 2018 | 8 yrs |
| Ronald Martell | Board Member | 2018 | 8 yrs |
| Vaughn Smider | President | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
6 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Charles Melancon | Director of Chemical Biology | since 2023 |
| Duncan McGregor | Vice President, Research | since 2023 |
| Laurent Verkoczy | Professor | since 2023 |
| Marilyn Diaz | Associate Professor | since 2023 |
| Peter Slover | Chief Finanical Officer | since 2019 |
| Ruiqi Huang | Research Fellow | 2024 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Laurent Verkoczy | Professor | 40 | $223k | ||
| Marilyn Diaz | Associate Professor | 40 | $155k | $21k | |
| Vaughn Smider | President | 40 | $146k | $15k | |
| Duncan McGregor | Vice President, Research | 40 | $122k | $16k | |
| Ruiqi Huang | Research Fellow | 40 | $109k | $17k | |
| Charles Melancon | Director of Chemical Biolo | 40 | $108k | $21k | |
| Peter Slover | Chief Finanical Officer | 10 | $31k | ||
| Ronald Martell | Board Member | 1.5 | $0 | ||
| James Larrick | Board Member | 1.5 | $0 | ||
| David Rabuka | Board Member | 1.5 | $0 |
About
- Legal name
- Applied Biomedical Science Institute
- EIN
- 825056708
- Address
- 11011 Via Frontera Ste D, San Diego, CA, 92127-1752
- State
- California
- Mission
- To promote and perform biomedical research to advance the understanding and treatment of underserved medical conditions. (as filed on the Form 990)
- Activity (NTEE)
- H92 Medical research
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Medical Research
- Size band
- 6 (IRS master file code)
- Formed
- 2018
- Principal officer
- Vaughn Smider (as named on the Form 990)
- IRS ruling date
- 1 May 2018
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥8years on the filingsJames Larrick
≥8years on the filingsRonald Martell
≥8years on the filingsVaughn Smider
≥6years on the filingsDavid Rabuka
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $2.6m
- Total liabilities
- $1.6m
- Net assets or fund balances
- $946k
- Contributions and grants received
- $2.7m
- Program service revenue
- $1.9m
- Employees
- 19
- Volunteers
- 3
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $4.5m | $4.3m | $258k |
As filed on the IRS Form 990. US dollars.