Louisiana · Nonprofit
NEW ORLEANS BIO INNOVATION CENTER INC
NEW ORLEANS BIO INNOVATION CENTER INC (Louisiana) receives grants from 8 organizations whose IRS filings report $612,953 to it, the largest being JPMORGAN CHASE FOUNDATION ($495,000). 3 of them have funded it in more than one year.
- Revenue FY2025
- $2.7M
- Funders on record
- 8
- Grants received
- $613k
- Net assets
- $33M
What New Orleans Bio Innovation Center Inc does
Mission
The organization's mission is to manage a biotechnology incubator facility to develop and support a life science industry in new orleans.
As stated on its FY2025 Form 990.
Programs
Wet laboratory and office rentalsubsidize wet laboratory and office rental for start-up biotechnology and healthcare companies, primarily derived from local university research.
$3,213,489 spent$1,793,160 earned by the program100% of program spendingCommercialization 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.
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.
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,213,489.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $36M to $35M (−4%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 37% · 2021 39% · 2022 28% · 2023 38% · 2024 13% · 2025 25%. Grants only. Government contracts and fees sit inside program revenue.
35% of NEW ORLEANS BIO INNOVATION CENTER INC’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kristopher Khalil
President/CEO
Board chair
Patrick Norton
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income rose $30k → $295k.
4 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 7% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW ORLEANS BIO INNOVATION CENTER INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW ORLEANS BIO INNOVATION CENTER INC leans on a few funders — its largest provides 81% of grant income and the top three 93%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 82% · 2018 50% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
0% of NEW ORLEANS BIO INNOVATION CENTER INC's funders are still giving 3 years after their first grant; 38% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NEW ORLEANS BIO INNOVATION CENTER INC draws 86% of its grant income from funders outside Louisiana, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $40k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW ORLEANS BIO INNOVATION CENTER INC has grown faster than half of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding NEW ORLEANS BIO INNOVATION CENTER INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.9M on record.
- Department of Commerce$2.3M
- Department of Health and Human Services$441k
- Delta Regional Authority$183k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEW ORLEANS BIO INNOVATION CENTER INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Louisiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
97%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- New Orleans Biofunding LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for NEW ORLEANS BIO INNOVATION CENTER INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW ORLEANS BIO INNOVATION CENTER INC?
- NEW ORLEANS BIO INNOVATION CENTER INC (Louisiana) receives grants from 8 organizations whose IRS filings report $612,953 to it, the largest being JPMORGAN CHASE FOUNDATION ($495,000). 3 of them have funded it in more than one year.
- How many funders does NEW ORLEANS BIO INNOVATION CENTER INC have?
- IRS filings report 8 organizations giving $612,953 in grants to NEW ORLEANS BIO INNOVATION CENTER INC, 3 of which have funded it in more than one year.
- Who is the largest funder of NEW ORLEANS BIO INNOVATION CENTER INC?
- JPMORGAN CHASE FOUNDATION is the largest funder on record, with $495,000 in grants. The full list of funders is on this page.
- How can an organization like NEW ORLEANS BIO INNOVATION CENTER INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Louisiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds New Orleans Bio Innovation Center →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 8 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing