Bioutah
- Assets
- $1.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Salt Lake City, UT
- Founding
- 05/2013
- Data as of
- 06/2022
- EIN
- 90-0899204
Organization Overview
Bioutah is located in Salt Lake City, UT. The organization was established in 2013. 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. As of 06/2022, Bioutah employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bioutah 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 06/2022, Bioutah generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 18.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BIOUTAH IS UTAH'S INDEPENDENT LIFE SCIENCE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOUTAH REPRESENTS UTAH'S MEDICAL DEVICE, BIOPHARMA, NATURAL PRODUCTS AND HEALTHCARE INDUSTRIES. BIOUTAH SERVES AS A CONTACT POINT FOR MEDIA, GOVERNMENT OFFICIALS, RESEARCHERS AND STUDENTS AND OFFERS EDUCATIONAL AND NETWORKING EVENTS FOR THESE GROUPS.
BIOUTAH PRESENTS UTAH'S LIFE SCIENCES SUMMIT WHICH BRINGS TOGETHER MEMBERS OF THE LIFE SCIENCES COMMUNITY SUCH AS MEMBERS OF INDUSTRY, GOVERNMENT OFFICIALS, RESEARCHERS AND STUDENTS TO LEARN ABOUT ENTREPRENEURIALISM, UTAH'S REGULATORY ENVIRONMENT, BUILDING ENTERPRISES IN UTAH, AND THE OVERALL STATE AND FUTURE OF THE SECTOR. THIS YEARS SUMMIT HAD ATTENDEES WITH A BROAD SPECTRUM OF PARTICIPANTS FROM ACCROSS THE GROUPS WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelvyn Cullimore Ceo/president | Officer | 40 | $212,590 |
Denise Bell Vice President | Officer | 40 | $87,957 |
Katelin Roberts Executive Director | Officer | 40 | $49,615 |
Rob Etherington Director | Trustee | 0.3 | $0 |
Randy Rasmussen Past Chair | Trustee | 0.3 | $0 |
Michael Olson Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $561,884 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,384 |
| Total Program Service Revenue | $909,271 |
| Investment income | $454 |
| 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 | $1,486,109 |
| 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. | $503,132 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,956 |
| Pension plan accruals and contributions | $19,847 |
| Other employee benefits | $48,246 |
| Payroll taxes | $47,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $20,562 |
| Fees for services: Lobbying | $34,769 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,353 |
| Advertising and promotion | $68,469 |
| Office expenses | $7,462 |
| Information technology | $22,216 |
| Royalties | $0 |
| Occupancy | $30,583 |
| Travel | $5,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270,001 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,418 |
| Insurance | $1,534 |
| All other expenses | $59,627 |
| Total functional expenses | $1,424,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,226 |
| Savings and temporary cash investments | $104,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $278,793 |
| 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 | $301,709 |
| Net Land, buildings, and equipment | $3,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,800 |
| Total assets | $1,065,676 |
| Accounts payable and accrued expenses | $234,428 |
| Grants payable | $0 |
| Deferred revenue | $392,790 |
| 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 | $72,388 |
| Total liabilities | $699,606 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $366,070 |
| Total liabilities and net assets/fund balances | $1,065,676 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bioutah has recieved totaling $6,500.
| Awarding Organization | Amount |
|---|---|
Biotechnology Innovation Organization Washington, DC PURPOSE: SUPPORT | $6,500 |
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 |
Mountain West Small Business Finance Salt Lake City, UT | $11,137,576 | $7,876,705 |
Denver Area Better Business Bureau Inc Inc Denver, CO | $0 | $3,899,799 |
Business Training & Resource Center Orem, UT | $964,220 | $3,995,549 |
Blue Stakes Of Utah Utility Notification Center Inc South Jordan, UT | $5,829,969 | $3,634,307 |
Worldatwork Society Of Certified Professionals Scottsdale, AZ | $12,717,541 | $3,104,582 |
Scottsdale Charros Inc Scottsdale, AZ | $769,007 | $2,658,140 |
Better Business Bureau Of Northern Colorado Inc Fort Collins, CO | $3,156,578 | $2,378,907 |
Better Bisiness Bureau Serving Northern Nevada And Utah Inc Salt Lake City, UT | $1,961,659 | $2,268,146 |
National Association Of State Contractors Licensing Agencies Phoenix, AZ | $6,030,868 | $2,815,076 |
Nevada State Development Corporation Las Vegas, NV | $2,571,893 | $1,752,210 |