Iowa Biotechnology Association
- Assets
- $1.3m
- Revenue
- $517.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Des Moines, IA
- Founding
- 12/1997
- Data as of
- 12/2022
- 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 12/2022, Iowa Biotechnology Association employed 2 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 12/2022, Iowa Biotechnology Association generated $517.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $431.3k during the year ending 12/2022. 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
2022
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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Hyland Executive Director | Officer | 40 | $133,378 |
Anders Thomsen Director/vice Chair | OfficerTrustee | 1 | $0 |
Caroline Belmont Director | Trustee | 1 | $0 |
Dr Jim Reecy Director | Trustee | 1 | $0 |
Dr Martin Gross Director/secretary | OfficerTrustee | 1 | $0 |
Dr Michael Walter 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 | $25,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,620 |
| Total Program Service Revenue | $194,260 |
| Investment income | $17,215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $260,946 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,473 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,357 |
| Pension plan accruals and contributions | $3,447 |
| Other employee benefits | $0 |
| Payroll taxes | $14,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,675 |
| Fees for services: Accounting | $29,290 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,933 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $6,512 |
| Office expenses | $18,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,577 |
| Travel | $7,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,836 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,615 |
| Insurance | $7,639 |
| All other expenses | $81 |
| Total functional expenses | $431,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,167 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,691 |
| 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 | $5,724 |
| Net Land, buildings, and equipment | $11,298 |
| Investments—publicly traded securities | $566,011 |
| Investments—other securities | $0 |
| Investments—program-related | $24,545 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,251,436 |
| Accounts payable and accrued expenses | $10,426 |
| Grants payable | $0 |
| Deferred revenue | $70,339 |
| 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 | $80,765 |
| Net assets without donor restrictions | $1,170,671 |
| 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 | $1,251,436 |