Iowa Biotechnology Association
- Assets
- $1.2m
- Revenue
- $515.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Des Moines, IA
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 39-1885797
Organization Overview
Iowa Biotechnology Association is located in Des Moines, IA. The organization was established in 1997. According to its NTEE Classification (G92) the organization is classified as: Biomedicine & Bioengineering, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Iowa Biotechnology Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Biotechnology Association 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 12/2021, Iowa Biotechnology Association generated $515.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $390.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE DEVELOPMENT AND APPLICATION OF VALUE-ADDED TECHNOLOGIES IN THE LIFE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE
EVENT SPONSORSHIPS
STEM SCHOLARSHIPS AND OTHER STEM SUPPORT
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Hyland Executive Director | Officer | 40 | $126,225 |
Rachel Binning Director/chair | OfficerTrustee | 2.5 | $0 |
Nate Green Director/vice Chair | OfficerTrustee | 1 | $0 |
John Eubank Director/treasurer | OfficerTrustee | 2 | $0 |
Anders Thomsen Director/secretary | OfficerTrustee | 1 | $0 |
Josh Johnson 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 | $28,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,535 |
| Total Program Service Revenue | $216,713 |
| Investment income | $12,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $245,381 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,967 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $515,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,274 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,839 |
| Pension plan accruals and contributions | $3,129 |
| Other employee benefits | $0 |
| Payroll taxes | $14,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,584 |
| Fees for services: Accounting | $26,954 |
| Fees for services: Lobbying | $35,730 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,991 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,384 |
| Office expenses | $17,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,622 |
| Travel | $476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,964 |
| Insurance | $2,572 |
| All other expenses | $0 |
| Total functional expenses | $390,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,556 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $149,615 |
| 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 | $3,636 |
| Net Land, buildings, and equipment | $14,913 |
| Investments—publicly traded securities | $639,744 |
| Investments—other securities | $0 |
| Investments—program-related | $11,250 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,247,714 |
| Accounts payable and accrued expenses | $20,471 |
| Grants payable | $0 |
| Deferred revenue | $47,541 |
| 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 | $68,012 |
| Net assets without donor restrictions | $1,179,702 |
| 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 | $1,247,714 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Biotechnology Association has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Biotechnology Innovation Organization Washington, DC PURPOSE: SUPPORT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
The Against Malaria Foundation Kansas City, MO | $318 | $95,777,874 |
West Michigan Cancer Center Kalamazoo, MI | $48,096,612 | $92,880,121 |
Benevolent Healthcare Foundation Centennial, CO | $130,477,128 | $61,228,597 |
Muscular Dystrophy Association Chicago, IL | $71,915,435 | $63,707,273 |
Michigan Health Endowment Fund Brighton, MI | $367,711,952 | $101,875,561 |
Siouxland Regional Cancer Center Sioux City, IA | $22,869,484 | $57,761,612 |
American Board Of Family Medicine Inc Lexington, KY | $185,304,268 | $55,757,459 |
Radiological Society Of North America Inc Oak Brook, IL | $185,391,800 | $68,158,260 |
American Society Of Anesthesiologists Schaumburg, IL | $127,402,745 | $57,130,862 |
Central Indiana Health System Cardiac Services Inc St Louis, MO | $662,903,932 | $148,340,814 |
Vivent Health Inc Milwaukee, WI | $84,987,861 | $66,654,563 |