Connecticut United for Research Excellence Inc. Logo

MIP Score

48

Med Research
Lung Disease Research

Connecticut United for Research Excellence Inc.

Mission

BioCT serves as the voice of Connecticut’s life sciences industry, uniting a diverse community of organizations from therapeutics, healthcare technology, to medical devices. Its goal is to foster innovation, entrepreneurship, and educational outreach, creating a sustainable and impactful life sciences community that enhances the quality of life for Connecticut residents.

Basic Information

Tax-Exempt

Address

93 SHENNECOSSETT RD, Groton, CT, United States 06340-5115

View all Groton charities

Founded in

Not Reported

EIN

06-1304212

Total Assets

$496.3 thousand

UN Sustainable Development Goals Supported

This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

At a Glance

Life Sciences Community

Life Sciences Community

Connecticut’s vibrant life sciences community fosters innovation and collaboration.

Upcoming AI Summit

Upcoming AI Summit

Join industry leaders for insightful discussions on the application of AI in life sciences.

2025 BioCT Legislative Breakfast

2025 BioCT Legislative Breakfast

An important event bringing together life science executives with key legislators.

Impact Stats

$100 million

Funding amount

Stem Cell Research Program

Initiated a groundbreaking $100 million stem cell research program over ten years.

4

Number of tax incentives

Tax Credits for R&D

Secured tax credits providing significant financial incentives for research and development efforts.

$200 million

Funding amount

Bioscience Innovation Fund

Established a $200 million fund to support bioscience startups and innovations.

Past Events

BioCT Entrepreneur of the Year

2023-11-25

Annual event to honor exceptional contributions in the life sciences sector.

Upcoming Events

2024 Big Connect Expo

2024 Big Connect Expo

2024-11-21

A premier business expo featuring key players from the life sciences and business sectors.

Learn More
AI Summit

AI Summit

2024-11-22

A summit focusing on artificial intelligence in life sciences hosted by Boehringer Ingelheim & BioCT.

Learn More
2025 CLA Economic Outlook

2025 CLA Economic Outlook

2024-12-04

Virtual event discussing economic insights relevant to life sciences and beyond.

Learn More

MIP Score (Beta)

The MIP Score is in beta! We'd love any feedback you may have.

The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

Overall Score

48

52

/100

Program Expense Ratio

95.00%

20

/20

Program Revenue Growth

-51.37%

2

/20

Leverage Ratio

0.02869

20

/20

Working Capital Ratio

0.7799

8

/20

Fundraising Efficiency

0

2

/20

Latest Filing Data: Form 990

Fiscal Year:2022

Source:Source: Self-reported by organization

Financial Details

Revenue

CategoryAmountPercentage
Contributions, Gifts, and Grants474.1K78.83%
Program Services126.2K20.99%
Investment Income00.00%
Sales of Non-Inventory Assets00.00%
Other Notable Sources1.057K0.18%
Total Revenue601.4K100.00%