Bio Nebraska Life Sciences Assoc
- Assets
- $418.6k
- Revenue
- $462.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Omaha, NE
- Founding
- Data as of
- 12/2023
- EIN
- 20-2214508
Organization Overview
Bio Nebraska Life Sciences Assoc is located in Omaha, NE. Bio Nebraska Life Sciences Assoc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Bio Nebraska Life Sciences Assoc generated $462.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $393.3k during the year ending 12/2023. While expenses have increased by 11.3% 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
TO CREATE AN ENVIRONMENT TO SHARE IDEAS AND SUPPORT, PROVIDE MEMBERS A VOICE TO BE HEARD, FOSTER GROWTH AND ALIGN INDUSTRY INFLUENCES, AND AID IN THE DEVELOPMENT OF A HIGHLY EDUCATED WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE BIOTECHNOLOGY AND LIFE SCIENCES IN NEBRASKA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Owen Executive Director | Officer | 40 | $127,500 |
Brook Aken Director | Trustee | 1 | $0 |
Tala Awada Director | Trustee | 1 | $0 |
Bob Wilhelm Director | Trustee | 1 | $0 |
Amy Thompson Secretary | Trustee | 1 | $0 |
Craig Mischo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $114,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,450 |
| Total Program Service Revenue | $288,071 |
| Investment income | $9,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,500 |
| Compensation of current officers, directors, key employees. | $3,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,450 |
| Other employee benefits | $7,200 |
| Payroll taxes | $9,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $496 |
| Fees for services: Accounting | $1,750 |
| Fees for services: Lobbying | $200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,874 |
| Fees for services: Other | $29,500 |
| Advertising and promotion | $3,172 |
| Office expenses | $6,587 |
| Information technology | $969 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,909 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,250 |
| All other expenses | $0 |
| Total functional expenses | $393,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,749 |
| Savings and temporary cash investments | $248,837 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $418,586 |
| Accounts payable and accrued expenses | $2,923 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,923 |
| Net assets without donor restrictions | $415,663 |
| Net assets with donor restrictions | $0 |
| 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 | $418,586 |