Memphis Bioworks Foundation
The foundation is executing a strategic business plan that leverages the competitive strengths within the region while expanding the infrastructure, educational opportunities, and entrepreneur support needed to expand entrepreneurship.
Memphis Bioworks Foundation at a glance
- Total assets
- $5,957,723
- -0.8% vs 2024
- Revenue (2025)
- $33
- Net investment income (2025)
- $33
- Expenses (2025)
- $46,743
- +63.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Memphis Bioworks Foundation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Memphis Bioworks Foundation gives
- Giving fell 95% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $13K (2023) to $3.0M (2021). In 2023 it made 1 grant totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Neighborhood Preservation Inc Memphis, TN | General Operations Grant | $13,371 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,957,723 | $33 | $46,743 | — | — | $33 |
| 2024 | $6,004,433 | — | $28,553 | — | — | — |
| 2023 | $6,032,986 | $21 | $47,820 | $13,371 | 1 | — |
| 2022 | $6,080,785 | $2,258 | $19,125 | — | — | — |
| 2021 | $6,047,652 | $238,794 | $13,646,151 | $3,000,000 | 1 | $127,234 |
| 2020 | $21,310,849 | $1,891,024 | $11,858,564 | $273,002 | 10 | $759,662 |
About Memphis Bioworks Foundation
Based on IRS filings
Memphis Bioworks Foundation is a public charity focused on Medical Research, based in Memphis, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.0M in total assets. Net investment income was $33.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Memphis Bioworks Foundation is led by Lorie Jernigan, President since 2022 (on filings since 2021); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lorie Jernigan
President
Secretary & Treasurer → President, 2022
On filings since 2021
2 hrs/week
No compensation reported
Corie Rivers
Secretary & Treasurer
On filings since 2022
2 hrs/week
No compensation reported
Former officers (22)
- Former: Brandon Wellford (2020–2021) — Director
- Former: Elaine L. Tuomanen MD (2020–2021) — Board Member
- Former: Jason Little (2020–2021) — Board Member
- Former: John Pontius (2020–2021) — President
- Former: Johnnie Amonette (2020–2021) — Board Member
- Former: Jr Hyde III (2020–2021) — Chairman
- Former: Kenneth Robinson (2020–2021) — Board Member
- Former: Larry Papasan (2020–2021) — Board Member
- Former: M. David Rudd PhD (2020–2021) — Board Member
- Former: Michael Ugwueke (2020–2021) — Board Member
- Former: Monice Moore Hagler (2020–2021) — Board Member
- Former: Neal Beckford (2020–2021) — Board Member
- Former: Reginald Coopwood (2020–2021) — Board Member
- Former: S. Terry Canale MD (2020–2021) — Board Member
- Former: Steve Schwab MD (2020–2021) — Board Member
- Former: Dean Didato (2020) — Ag Partner-Innova Memphis
- Former: Johannes Bouten (2020) — Vice President - Innova Me
- Former: Jon Wetzel (2020) — Vice President - Memphis S
- Former: Ken Woody (2020) — President - Innova Memphis
- Former: Leif E. Honda (2020) — Vice President -Memphis Sp
- Former: Phillip Cestaro Jr. (2020) — President - Memphis Special
- Former: Steven J. Bares (2020) — Former President & Exe. Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Memphis Bioworks Foundation
How large is Memphis Bioworks Foundation?
Memphis Bioworks Foundation reported $6.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $33.
What is Memphis Bioworks Foundation?
Memphis Bioworks Foundation is a public charity focused on Medical Research, based in Memphis, TN. It holds $6.0M in total assets as of 2025.
Where does Memphis Bioworks Foundation operate?
Memphis Bioworks Foundation has awarded grants in California, Tennessee.
What is Memphis Bioworks Foundation's EIN?
Memphis Bioworks Foundation's EIN (Employer Identification Number) is 62-1858660. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS August 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Memphis Bioworks Foundation funds
Medical Research Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Memphis Bioworks Foundation's focus areas in our free grants database
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Memphis Bioworks Foundation down — hundreds of funders to go?