Bionorthtexas Foundation
- Assets
- $196.1k
- Revenue
- $421.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Irving, TX
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-3860748
Organization Overview
Bionorthtexas Foundation is located in Irving, TX. The organization was established in 2019. According to its NTEE Classification (H03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Medical Research and related organizations. As of 12/2022, Bionorthtexas Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bionorthtexas Foundation 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 12/2022, Bionorthtexas Foundation generated $421.7k in total revenue. All expenses for the organization totaled $378.0k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BIONTX WORKS TO BUILD A STRONG BIOSCIENCE AND HEALTHCARE INNOVATION COMMUNITY THROUGH HIGH-LEVEL EDUCATIONAL PROGRAMMING, NETWORKING, AND COLLABORATION OPPORTUNITIES, AND BY BEING THE VOICE AND CHAMPION FOR THE NORTH TEXAS BIOSCIENCES AND HEALTHCARE INNOVATION COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IC3 LIFE SCIENCE SUMMIT THE BIONTX IC? LIFE SCIENCE SUMMIT PROVIDES A DYNAMIC PLATFORM FOR THE NORTH TEXAS BIOSCIENCE COMMUNITY TO ENGAGE IN INSIGHTFUL DISCUSSIONS, SHARE CUTTING-EDGE RESEARCH, AND EXPLORE EMERGING TECHNOLOGIES THAT HAVE THE POTENTIAL TO REVOLUTIONIZE THE FUTURE OF HEALTHCARE AND BIOMEDICINE. THE IC? SUMMIT BRINGS TOGETHER AND FOSTERS COLLABORATION BETWEEN ACADEMIC AND INDUSTRY THOUGHT LEADERS, EXCHANGING KNOWLEDGE, EXPLORING THE LATEST INNOVATION, PRODUCTS, AND SERVICES IN THE LIFE SCIENCES. THIS EVENT WAS HELD IN PERSON IN SEPTEMBER OF 2022.
EVENT FORUMS - OTHER EDUCATIONAL AND NETWORKING EVENTS WERE HELD IN ADDITIONAL TO THE IC3 SUMMIT. THEY WERE HELD IN PERSON IN 2022, THEY RANGE IN TOPICS SUCH AS REGULATORY, HUMAN RESOURCES, CAREER AND TALENT TOPICS, WOMEN IN INNOVATION, INVESTOR FORUMS AND FACILITIES PROGRAMMING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Otto CEO | Officer | 40 | $114,908 |
Jason Wietjes Chairman | OfficerTrustee | 2 | $0 |
Darlene Boudreaux Treasurer | OfficerTrustee | 2 | $0 |
Jorge Varela Director | Trustee | 1 | $0 |
Kathleen Gibson Director | Trustee | 1 | $0 |
Arthur Clapp Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,296 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,814 |
| Total Program Service Revenue | $50,843 |
| 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 | $421,657 |
| 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. | $144,583 |
| Compensation of current officers, directors, key employees. | $7,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,319 |
| Payroll taxes | $12,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $238 |
| Advertising and promotion | $4,438 |
| Office expenses | $3,538 |
| Information technology | $2,607 |
| Royalties | $0 |
| Occupancy | $516 |
| Travel | $11,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,205 |
| All other expenses | $0 |
| Total functional expenses | $377,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,803 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,264 |
| 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 | $31,023 |
| 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 | $196,090 |
| Accounts payable and accrued expenses | $2,707 |
| Grants payable | $0 |
| Deferred revenue | $89,904 |
| 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 | $39,321 |
| Total liabilities | $131,932 |
| Net assets without donor restrictions | $51,269 |
| Net assets with donor restrictions | $12,889 |
| 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 | $196,090 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American-European Congress Of Ophthalmic Surgery Fort Worth, TX | $1,168,574 | $1,956,341 |
Texas Academy Of Medicine Engineering Science And Technology Austin, TX | $17,859,611 | $991,981 |
Society For Pediatric Research The Woodlands, TX | $4,354,207 | $1,210,252 |
National Neurotrauma Society Inc Houston, TX | $957,850 | $773,303 |
Chromosome 18 Registry And Research Society San Antonio, TX | $147,728 | $669,638 |
Bionorthtexas Foundation Irving, TX | $196,090 | $421,657 |
Texas Society For Biomedical Research Inc San Antonio, TX | $85,912 | $0 |
Arkansas Chiropractic Physicians Association Marion, AR | $87,541 | $0 |
Pharmacogenomics Research Network Inc Houston, TX | $188,994 | $133,589 |
Society For Education And Advancement Of Research In Connect Little Rock, AR | $177,446 | $0 |
Chinese American Pathologists Association Inc Austin, TX | $356,267 | $74,414 |
International Society On Aging And Disease Fort Worth, TX | $391,994 | $180,700 |
Lapin Inc New Orleans, LA | $94,195 | $0 |
Association For Ocular Pharmacology And Therapeutics New Orleans, LA | $168,536 | $75,764 |