Forward Biolabs Inc

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.

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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Board, Officers & Key Employees

Name (title)Compensation
Jessica Martin Eckerly
CEO & Secretary
$162,761
Robert Drape
Treasurer
$0
Aaron Olver
President
$0
Pam Christianson
Director
$0
Michael Partsch
Director
$0
Tom Livelli
Director
$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

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Forward Biolabs Inc has recieved totaling $130,000.

Awarding OrganizationAmount
Madison Gas & Electric Foundation Inc

Madison, WI

PURPOSE: GENERAL SUPPORT

$100,000
Friends Forever Foundation

Clayton, MO

PURPOSE: MEDICAL RESEARCH

$30,000
View Grant Recipient Profile

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