Arizona Bioindustry Association Inc
- Assets
- $529.6k
- Revenue
- $813.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Chandler, AZ
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 86-0938465
Organization Overview
Arizona Bioindustry Association Inc is located in Chandler, AZ. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Arizona Bioindustry Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Bioindustry Association Inc 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 12/2021, Arizona Bioindustry Association Inc generated $813.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $805.6k during the year ending 12/2021. While expenses have increased by 11.0% 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.
Since 2019, Arizona Bioindustry Association Inc has awarded 22 individual grants totaling $560,357. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AZBIO SUPPORTS THE NEEDS OF ARIZONA'S GROWING LIFE SCIENCE ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARIZONA BIOINDUSTRY ASSOCIATION FACILITATED DEVELOPMENT AND EXPANSION OF THE LIFE SCIENCE INDUSTRY THROUGH VARIOUS EDUCATION AND NETWORKING SEMINARS HELD THROUGHOUT ARIZONA. IN ADDITION TO MONETARY SUPPORT, THE ORGANIZATION RECEIVED $24,000 IN IN-KIND SERVICES TO HELP SUPPORT THE EXPANSION OF THE LIFE SCIENCE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Koerber-Walker President & CEO | OfficerTrustee | 60 | $171,375 |
Kristen Swingle Chair | OfficerTrustee | 3 | $0 |
Russ Yelton Past Chair & Nagc | OfficerTrustee | 5 | $0 |
Jeff Singleton Treasurer | OfficerTrustee | 2 | $0 |
Brian Mower Vice Chair | OfficerTrustee | 2 | $0 |
Jeff Vallerga Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $340,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $88,418 |
| All other contributions, gifts, grants, and similar amounts not included above | $215,798 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $644,966 |
| Total Program Service Revenue | $168,226 |
| Investment income | $257 |
| 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 | $813,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,548 |
| 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. | $170,269 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,834 |
| Payroll taxes | $18,539 |
| Fees for services: Management | $53,033 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,816 |
| Fees for services: Lobbying | $10,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,407 |
| Office expenses | $7,235 |
| Information technology | $5,948 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,922 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11 |
| Insurance | $2,127 |
| All other expenses | $609 |
| Total functional expenses | $805,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,626 |
| Savings and temporary cash investments | $74,113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $3,383 |
| 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 | $529,622 |
| Accounts payable and accrued expenses | $49,067 |
| Grants payable | $0 |
| Deferred revenue | $72,875 |
| 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 | $121,942 |
| 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 | $407,680 |
| Total liabilities and net assets/fund balances | $529,622 |
Grants Awarded
Over the last fiscal year, Arizona Bioindustry Association Inc has awarded $200,548 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
TAPROOT INTERVENTIONS & SOLUTIONS INC PURPOSE: DIRECT REIMBURSEMENT OF APPROVED EXPENSES TO SUBGRANTEES DESIGNATED BY FLINN FOUNDATION GRANT | $33,500 |
BOTANISOL ANALYTICS PURPOSE: DIRECT REIMBURSEMENT OF APPROVED EXPENSES TO SUBGRANTEES DESIGNATED BY FLINN FOUNDATION GRANT | $33,500 |
MOVEMENT INTERACTIVE INC PURPOSE: DIRECT REIMBURSEMENT OF APPROVED EXPENSES TO SUBGRANTEES DESIGNATED BY FLINN FOUNDATION GRANT | $33,500 |
LABPAIR PURPOSE: DIRECT REIMBURSEMENT OF APPROVED EXPENSES TO SUBGRANTEES DESIGNATED BY FLINN FOUNDATION GRANT | $32,360 |
SATORI ORTHOPAEDICS INC PURPOSE: DIRECT REIMBURSEMENT OF APPROVED EXPENSES TO SUBGRANTEES DESIGNATED BY FLINN FOUNDATION GRANT | $31,975 |
SCINTILLATION BIOTECHNOLOGIES INC PURPOSE: DIRECT REIMBURSEMENT OF APPROVED EXPENSES TO SUBGRANTEES DESIGNATED BY FLINN FOUNDATION GRANT | $27,022 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Arizona Bioindustry Association Inc has recieved totaling $251,250.
| Awarding Organization | Amount |
|---|---|
Flinn Foundation Phoenix, AZ PURPOSE: ENTREPRENEURSHIP PROGRAM 2021 | $239,750 |
Flinn Foundation Phoenix, AZ PURPOSE: WHITE HAT CONFERENCE SUPPORT | $10,000 |
Flinn Foundation Phoenix, AZ PURPOSE: TRAILBLAZERS SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
National Cattlemens Beef Association Inc Centennial, CO | $34,892,254 | $54,202,215 |
United States Meat Export Federation Inc Denver, CO | $20,783,822 | $49,870,327 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Mgma-Acmpe Englewood, CO | $54,755,762 | $36,087,217 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |