Women In Bio Inc
- Assets
- $1.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Pittsburgh, PA
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 03-0458239
Organization Overview
Women In Bio Inc is located in Pittsburgh, PA. The organization was established in 2003. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Women In Bio Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Women In Bio Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Women In Bio Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 19.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WOMEN IN BIO, INC. (WIB) IS AN ORGANIZATION OF PROFESSIONALS COMMITTED TO PROMOTING CAREERS, LEADERSHIP, AND ENTREPRENEURSHIP OF ALL WOMEN IN THE LIFE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WIB AIMS TO HELP WOMEN ACHIEVE THE HIGHEST LEVELS OF LEADERSHIP, INFLUENCE, AND DECISION-MAKING THAT THEY DESIRE. WE FOCUS OUR ACTIVITIES ON EDUCATION, MENTORING AND NETWORKING, AND ON CREATING OPPORTUNITIES FOR LEADERSHIP THAT CAN HELP ADVANCE CAREERS. CHAPTERS HOLD EVENTS THAT FALL BROADLY INTO TWO CATEGORIES: PROFESSIONAL DEVELOPMENT OR EDUCATIONAL EVENTS, AND SOCIAL OR PURELY NETWORKING EVENTS.OUR MENTORSHIPS, ADVISORS, PEERS, & SPONSORSHIP PROGRAM PROVIDES A FORUM FOR GROUPS WITH COMMON INTERESTS TO GATHER AND EXCHANGE ADVICE AND VIEWS. OUR YOUNG WOMEN IN BIO PROGRAM AIMS TO ENCOURAGE MIDDLE AND HIGH SCHOOL GIRLS TO ENTER STEM BY CREATING FUN, HANDS-ON LABORATORY EVENTS THAT ARE PARTNERED WITH LOCAL BIOTECH COMPANIES. OUR EXECUTIVE WOMEN IN BIO PROGRAM IS A RESOURCE FOR WOMEN IN EXECUTIVE ROLES AND PROVIDES NETWORKING EVENTS, WEBINARS, AND A YEARLY BOARD COMPETENCY PROGRAM, BOARDROOM READY, AIMED AT ENABLING AND ENHANCING WOMEN'S EFFECTIVENESS ON BOARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Azurii Collier President | OfficerTrustee | 10 | $0 |
Sarah Odeh President Elect | OfficerTrustee | 5 | $0 |
Katie Williams President Emeritus | OfficerTrustee | 5 | $0 |
La Toya Mcclellan Director | Trustee | 1 | $0 |
Seline Miller Director | Trustee | 1 | $0 |
Amy Millman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,262 |
| Total Program Service Revenue | $704,183 |
| Investment income | $17,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,273,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,716 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,036 |
| Compensation of current officers, directors, key employees. | $153,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,503 |
| Payroll taxes | $47,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,312 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $215,830 |
| Advertising and promotion | $11,141 |
| Office expenses | $0 |
| Information technology | $42,764 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $391,458 |
| Interest | $3,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,867 |
| Insurance | $12,107 |
| All other expenses | $33,845 |
| Total functional expenses | $1,508,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,385 |
| Savings and temporary cash investments | $889,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,799 |
| Net Land, buildings, and equipment | $5,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,605 |
| Other assets | $0 |
| Total assets | $1,123,116 |
| Accounts payable and accrued expenses | $66,042 |
| Grants payable | $0 |
| Deferred revenue | $232,465 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $146,758 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,472 |
| Total liabilities | $468,737 |
| Net assets without donor restrictions | $653,324 |
| Net assets with donor restrictions | $1,055 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,123,116 |