Bionorthtexas Foundation
- Assets
- $68.9k
- Revenue
- $251.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Irving, TX
- Founding
- 07/2019
- Data as of
- 12/2021
- 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 12/2021, Bionorthtexas Foundation employed 2 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 12/2021, Bionorthtexas Foundation generated $251.8k in total revenue. All expenses for the organization totaled $193.3k during the year ending 12/2021. While expenses have increased by 132.0% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIONTX PROMOTES AND IMPROVES BUSINESS CONDITIONS FOR THE BIOSCIENCE AND HEALTHCARE INNOVATION INDUSTRY IN NORTH TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IC3 LIFE SCIENCE SUMMIT ANNUAL CONFERENCE - ATTENDEES NETWORK, CREATE PARTNERSHIPS, SALES AND INNOVATION THROUGH THE COLLABORATIVE NATURE OF THE EVENTS. THIS EVENT WAS HELD IN PERSON IN OCTOBER 2021.
EVENT FORUMS - REGIONAL NETWORKING AND EDUCATIONAL EVENTS WITH SPEAKERS AND/OR PANELS ON VARIOUS INDUSTRY TOPICS. THESE WERE HELD VIRTUALLY IN 2021 DUE TO THE PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Boudreaux Treasurer | OfficerTrustee | 0 | $0 |
Jason Wietjes Chairman | OfficerTrustee | 0 | $0 |
Kristin Lonergan Secretary | OfficerTrustee | 0 | $0 |
Kathleen Otto President & CEO | Officer | 0 | $0 |
Jorge Varela Director | Trustee | 0 | $0 |
Kathleen Gibson Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $58,866 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,022 |
| Total Program Service Revenue | $111,810 |
| 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 | $251,832 |
| 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. | $46,154 |
| Compensation of current officers, directors, key employees. | $2,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,973 |
| Payroll taxes | $1,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,500 |
| Advertising and promotion | $6,163 |
| Office expenses | $6,771 |
| Information technology | $2,400 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,598 |
| All other expenses | $0 |
| Total functional expenses | $193,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $68,899 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $39,095 |
| Net assets with donor restrictions | $29,804 |
| 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 | $68,899 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American-European Congress Of Ophthalmic Surgery Fort Worth, TX | $1,170,819 | $1,124,473 |
The Academy Of Medicine Engineering Austin, TX | $20,994,590 | $2,820,502 |
Society For Pediatric Research The Woodlands, TX | $4,661,159 | $1,624,970 |
National Neurotrauma Society Inc Houston, TX | $845,469 | $811,461 |
Chromosome 18 Registry And Research Society San Antonio, TX | $221,868 | $564,448 |
Bionorthtexas Foundation Irving, TX | $68,899 | $251,832 |
Texas Society For Biomedical Research Inc San Antonio, TX | $116,036 | $0 |
Arkansas Chiropractic Physicians Association Marion, AR | $89,045 | $0 |
Society For Education And Advancement Of Research In Connect Little Rock, AR | $129,612 | $0 |
Chinese American Pathologists Association Inc Austin, TX | $310,990 | $81,263 |
International Society On Aging And Disease Fort Worth, TX | $234,293 | $254,454 |
Lapin Inc New Orleans, LA | $118,791 | $0 |