Biobusiness Alliance Of Minnesota
- Assets
- $17.6k
- Revenue
- $214.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Golden Valley, MN
- Founding
- Data as of
- 12/2015
- EIN
- 20-2474734
Organization Overview
Biobusiness Alliance Of Minnesota is located in Golden Valley, MN. Biobusiness Alliance Of Minnesota is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE WELL-BEING OF MINNESOTA CITIZENS BY MOBILIZING AND CONNECTING THE COMMUNITY TO SUPPORT THE GROWTH OF BIOBUSINESSES BY PROVIDING A ROADMAP FOR SUCCESS, INFRASTRUCTURE, AND A WELCOMING AND SUPPORTIVE GROWTH ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATION ENGINE - AS A RECIPIENT OF AN AWARD UNDER THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED), PROVIDED TECHNICAL AND BUSINESS DEVELOPMENT ASSISTANCE TO BOTH URBAN AND RURAL COMPANIES AND DELIVERED TECHNICAL BUSINESS TRAINING TO STUDENTS. PROVIDED ADDITIONAL BUSINESS DEVELOPMENT SERVICES TO URBAN, RURAL, AND INTERNATIONAL COMPANIES. THIS WAS THE FINAL SIX MONTHS OF A 24-MONTH GRANT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mandle Shaye President/ceo | OfficerTrustee | 0.5 | $0 |
Mccormack William Chair | OfficerTrustee | 0.3 | $0 |
Melin David Vice Chair (through 5/30/2015) | OfficerTrustee | 0.3 | $0 |
Puto Christopher Treasurer (through 2/11/2015) | OfficerTrustee | 0.5 | $0 |
Nordland Robert Secretary | OfficerTrustee | 0.3 | $0 |
Marquardt Scott Treasurer | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,042 |
| Total Program Service Revenue | $40,000 |
| 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 | $214,599 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,126 |
| Advertising and promotion | $0 |
| Office expenses | $95 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,032 |
| Insurance | $2,694 |
| All other expenses | $0 |
| Total functional expenses | $202,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,640 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,640 |
| Accounts payable and accrued expenses | $74,834 |
| 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 | $74,834 |
| Unrestricted restricted net Assets | -$57,194 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$57,194 |
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