Bioindustrial Manufacturing And Design Ecosystem
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Martinez, CA
- Founding
- Data as of
- 09/2021
- EIN
- 85-1800999
Organization Overview
Bioindustrial Manufacturing And Design Ecosystem, operating under the name Biomade, is located in Martinez, CA. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biomade 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 09/2021, Biomade generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 2 years. 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
BIOMADE IS SECURING AMERICA'S FUTURE THROUGH BIOINDUSTRIAL MANUFACTURING INNOVATION, EDUCATION, AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOMADE'S ACCOMPLISHMENTS DURING THE PERIOD OF JULY 1, 2021 TO SEPTEMBER 30, 2021 INCLUDED:1. LAUNCHED FIRST FULL CALL FOR PROPOSALS FOR OUR TECHNOLOGY AND EDUCATION AND WORKFORCE DEVELOPMENT PROGRAMS.2. LAUNCHED OUR FIRST DIRECTED RESEARCH PROJECT FROM THE DEPARTMENT OF DEFENSE.3. RECEIVED DOD APPROVAL TO FUND $1,760,975 IN EWD PROJECTS AND $6,139,496 IN TECHNOLOGY PROJECTS FROM OUR FIRST CALL FOR PROPOSALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Keasling Treasurer | OfficerTrustee | 1 | $0 |
Douglas Friedman President/ceo & Chair | OfficerTrustee | 50 | $0 |
Diane Pierotti Secretary | Officer | 5 | $0 |
Chris Cramer Director | Trustee | 1 | $0 |
Kristala Prather Director | Trustee | 1 | $0 |
Richard Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,260,722 |
| 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 | $1,260,722 |
| Total Program Service Revenue | $132,192 |
| Investment income | $21 |
| 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 | $1,392,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $232,359 |
| 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. | $79,907 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,054 |
| Fees for services: Management | $365,786 |
| Fees for services: Legal | $20,385 |
| Fees for services: Accounting | $134,572 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240,462 |
| Advertising and promotion | $3,625 |
| Office expenses | $1,601 |
| Information technology | $144,595 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,495 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,024 |
| All other expenses | $0 |
| Total functional expenses | $1,283,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028,601 |
| Savings and temporary cash investments | $1,000,021 |
| Pledges and grants receivable | $36,921 |
| Accounts receivable, net | $212,400 |
| 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 | $150,464 |
| 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 | $2,428,407 |
| Accounts payable and accrued expenses | $1,387,937 |
| Grants payable | $0 |
| Deferred revenue | $650,905 |
| 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 | $119,354 |
| Total liabilities | $2,158,196 |
| Net assets without donor restrictions | $270,211 |
| 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 | $2,428,407 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Regional Examining Board Phoenix, AZ | $0 | $7,805,212 |
The Better Business Bureau Inc Phoenix, AZ | $11,570,437 | $16,919,340 |
Pacific West Association Of Realtors Inc Anaheim, CA | $20,065,190 | $11,318,447 |
Businesses United In Investing Lending And Development Redwood City, CA | $15,281,937 | $16,419,583 |
Enterprise Foundation San Jose, CA | $843,322 | $6,921,921 |
All Raise San Francisco, CA | $16,909,959 | $6,096,804 |
Forth Portland, OR | $1,266,604 | $3,911,296 |
Authorized Taxicab Supervision Inc Los Angeles, CA | $2,022,494 | $4,283,831 |
Better Business Bureau Of Los Angeles And Silicon Valley Inc San Jose, CA | $3,931,110 | $3,510,578 |
Worldatwork Society Of Certified Professionals Scottsdale, AZ | $12,717,541 | $3,104,582 |
National Center For Employee Ownership Oakland, CA | $2,735,195 | $3,448,060 |
Better Business Bureau Of Sacramento Sacramento, CA | $4,950,404 | $3,352,170 |