Forward Biolabs Inc
- Assets
- $2.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/2019
- Data as of
- 06/2021
- EIN
- 82-3817912
Organization Overview
Forward Biolabs Inc is located in Madison, WI. The organization was established in 2019. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Biolabs 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 06/2021, Forward Biolabs Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $526.1k during the year ending 06/2021. 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 ACCELERATE TRANSLATIONAL RESEARCH, SPARK STATE-WIDE ECONOMIC DEVELOPMENT AND CREATE JOBS THROUGH OPERATING A FULLY-SUPPORTED, STATE-OF-THE ART LABORATORY TO BE SHARED BY INNOVATIVE, EARLY-STAGE BIOTECHNOLOGY COMPANIES ASSOCIATED WITH THE UNIVERSITY OF WISCONSIN-MADISON AND OTHER LIFE-SCIENCE RESEARCH ORGANIZATIONS. ADDITIONALLY, FORWARD BIOLABS PROVIDES EDUCATION AND MENTORING TO EARLY-STAGE, BIOTECHNOLOGY COMPANIES ENGAGED IN TRANSLATIONAL LIFE-SCIENCE RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORWARD BIOLABS OPERATES A FULLY EQUIPPED, MAINTAINED, AND SUPPORTED LIFE SCIENCE LAB FOR EARLY-STAGE BIOTECHNOLOGY COMPANIES, AND SUPPORTIVE ENVIRONMENT FOR LIFE SCIENCE ENTREPRENEURS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Martin Eckerly CEO & Secretary | OfficerTrustee | 40 | $162,761 |
Robert Drape Treasurer | OfficerTrustee | 2 | $0 |
Aaron Olver President | OfficerTrustee | 2 | $0 |
Pam Christianson Director | Trustee | 1 | $0 |
Michael Partsch Director | Trustee | 1 | $0 |
Tom Livelli Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $778,232 |
| Investment income | $0 |
| 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 | $1,288,327 |
| Statement of Expenses | |
|---|---|
| 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. | $203,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,874 |
| Pension plan accruals and contributions | $6,157 |
| Other employee benefits | $36,599 |
| Payroll taxes | $18,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,569 |
| Fees for services: Accounting | $13,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,352 |
| Advertising and promotion | $2,188 |
| Office expenses | $13,769 |
| Information technology | $495 |
| Royalties | $0 |
| Occupancy | $3,906 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,415 |
| Insurance | $6,694 |
| All other expenses | $0 |
| Total functional expenses | $526,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $947,930 |
| 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 | $39,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,444 |
| Total assets | $2,153,879 |
| Accounts payable and accrued expenses | $63,069 |
| 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 | $63,069 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,090,810 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Forward Biolabs Inc has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Madison Gas & Electric Foundation Inc Madison, WI PURPOSE: GENERAL SUPPORT | $100,000 |
Friends Forever Foundation Clayton, MO PURPOSE: MEDICAL RESEARCH | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Two Blades Foundation Evanston, IL | $11,973,096 | $5,910,316 |
University Enterprise Laboratories Inc St Paul, MN | $20,128,966 | $3,892,703 |
Freshwater Society St Paul, MN | $5,721,702 | $1,089,251 |
Center For Humans And Nature Nfp Libertyville, IL | $9,956,278 | $1,296,865 |
American Society For Bioethics And Humanities Chicago, IL | $775,773 | $1,147,764 |
Organization For Human Brain Mapping Inc Roseville, MN | $1,644,281 | $997,465 |
Forward Biolabs Inc Madison, WI | $2,153,879 | $1,288,327 |
American Society Of Agricultural Engineers St Joseph, MI | $4,809,234 | $408,843 |
Mycological Society Of America The Madison, WI | $2,596,407 | $233,916 |
Wisconsin Turfgrass Association Incorporated Verona, WI | $217,016 | $0 |
Institute Of Neuromodulation Chicago, IL | $99,824 | $0 |
Academy Of Clinical Electro Physiology And Wound Mgt Apta Inc La Crosse, WI | $385,391 | $0 |