Compensation 990

Memphis Bioworks Foundation

Fiscal year ending 2019. Filed on November 5, 2020.

20 S Dudley Ste 900
Memphis, Tennessee 38103

Memphis Bioworks Foundation (EIN: 62-1858660), also known as Memphis Biotech Foundation, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Memphis Bioworks Foundation, a 501(c)(3) charitable organization, reported compensation for 9 out of 16 total employees. Among the employees shown here, the average compensation is $219,006. The highest compensated employee at Memphis Bioworks Foundation is Ken Woody with fiscal year 2019 compensation of $361,485.

Revenue, expenses, and employee compensation

Revenue

$4,653,644

Expenses

$6,398,513

Employee compensation

$1,369,629
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Ken Woody
President - Innova Memphis
$361,485
$342,951 from orgNo related comp$18,534 other
Johannes Bouten
Vice President - Innova ME
$322,927
$304,359 from orgNo related comp$18,568 other
Steven J Bares
President/Exe. Director
$232,999
$208,976 from org$18,750 from related$5,273 other
Brandon Wellford
Chief Financial Officer
$210,725
$167,142 from org$20,000 from related$23,583 other
Dean Didato
AG Partner-Innova Memphis,
$189,908
$169,491 from orgNo related comp$20,417 other
Jon Wetzel
Vice President - Memphis S
$188,849
$165,081 from orgNo related comp$23,768 other
Phillip Cestaro Jr
President - Memphis Specia
$178,124
$154,933 from orgNo related comp$23,191 other
Leif E Honda
Vice President -Memphis SP
$175,719
$168,672 from orgNo related comp$7,047 other
Chris West
President - Zeroto510
$110,316
$106,060 from orgNo related comp$4,256 other

Non-Employee Board Members

Dr Kenneth Robinson
Board Member
Dr Neal Beckford
Board Member
Elaine L Tuomanen, M.D.
Board Member
Jason Little
Board Member
Johnnie Amonette
Board Member
Jr Hyde III
Chair
Larry Papasan
Board Member
M David Rudd, Ph.D.
Board Member
Michael Ugwueke
Board Member
Monice Moore Hagler
Board Member
Reginald Coopwood
Board Member
S Terry Canale, M.D.
Board Member

Mission Statement

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 BIOSCIENCE INDUSTRIES.

Revisions to this organization profile

November 7, 2025:
2024 Memphis Bioworks Foundation 990 filed
October 30, 2024:
2023 Memphis Bioworks Foundation 990 filed
November 15, 2023:
2022 Memphis Bioworks Foundation 990 filed

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