Bioflorida Inc
- Assets
- $2.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- West Palm Beach, FL
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 59-3436638
Organization Overview
Bioflorida Inc is located in West Palm Beach, FL. The organization was established in 1998. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Bioflorida Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bioflorida Inc 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, Bioflorida Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIOFLORIDA IS THE VOICE OF FLORIDA'S LIFE SCIENCES INDUSTRY, REPRESENTING 6,700 ESTABLISHMENTS AND RESEARCH ORGANIZATIONS IN THE BIOPHARMACEUTICAL, MEDICAL TECHNOLOGY, AND BIOAGRICULTURE SECTORS THAT COLLECTIVELY EMPLOY 94,000 FLORIDIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOST STATEWIDE LIFE SCIENCE CONFERENCE WHICH BRINGS TOGETHER ALL DISCIPLINES FROM PHARMACEUTICAL, BIOTECHNOLOGY, MEDICAL DEVICE, AND BIOAGRICULTURE INDUSTRIES. THE MEETING FEATURES PRESENTATIONS REGARDING STATE-OF-THE-ART MEDICINE AND RELATED FIELDS, STATE AND FEDERAL REGULATORY AND LEGISLATIVE UPDATES AND COMPANY BUSINESS MODELS AND ACHIEVEMENTS. CONDUCT REGIONAL CHAPTER MEETINGS ACROSS THE STATE WHICH PROVIDE FORUMS FOR SCIENTIFIC EXCHANGES, BUSINESS DEVELOPMENT AND PARTNERING DISCUSSIONS, CAREER WORKSHOPS AND NETWORKING. PROVIDE ADVOCACY SUPPORT TO MEMBER COMPANIES WITH THE PURPOSE OF EDUCATING LEGISLATORS ON PUBLIC POLICIES THAT ENSURE A FAVORABLE BUSINESS ENVIRONMENT FOR THE LIFE SCIENCE INDUSTRIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Bryan President & CEO | Officer | 40 | $238,000 |
Rob Herzog Chairman | OfficerTrustee | 5 | $0 |
Robert Finizio Vice-Chairman | OfficerTrustee | 5 | $0 |
Gregory Nelson Secretary | OfficerTrustee | 2 | $0 |
Adam Hunter Treasurer | OfficerTrustee | 2 | $0 |
Les Croland Legal Counsel | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,740,655 |
| Investment income | $500 |
| 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 | $1,741,155 |
| 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. | $272,542 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,347 |
| Pension plan accruals and contributions | $6,814 |
| Other employee benefits | $64,826 |
| Payroll taxes | $32,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,450 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $19,634 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,922 |
| Advertising and promotion | $139,822 |
| Office expenses | $34,899 |
| Information technology | $1,787 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $608 |
| Insurance | $10,562 |
| All other expenses | $218,454 |
| Total functional expenses | $1,121,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,892 |
| Savings and temporary cash investments | $1,656,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $314,445 |
| 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 | $1,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,140,997 |
| Accounts payable and accrued expenses | $27,754 |
| Grants payable | $0 |
| Deferred revenue | $3,500 |
| 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 | $31,254 |
| Net assets without donor restrictions | $2,109,743 |
| 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 | $2,140,997 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bioflorida Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
H Lee Moffitt Cancer Center And Research Institute Inc Tampa, FL PURPOSE: SPONSORSHIP | $7,500 |
Lifelink Foundation Inc Tampa, FL PURPOSE: PROGRAM GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
The Economic Development Partnership Of Alabama Inc Birmingham, AL | $16,193,879 | $5,250,949 |
Gwinnett Chamber Of Commerce Inc Duluth, GA | $6,627,911 | $6,072,892 |
Jacksonville And The Beaches Convention & Visitors Bureau Inc Jacksonville, FL | $1,089,102 | $5,103,594 |
Better Business Bureau Of Palm Beach County Inc West Palm Beach, FL | $4,183,669 | $5,496,948 |
Florida Rv Trade Association Riverview, FL | $9,475,092 | $4,511,413 |