To promote the growth of biohealth industries in wisconsin.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 19 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $116K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$504K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$765K
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+47% vs prior year
Spent
$2.1M
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$2.1M
FY2025▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.4M
FY2023$1.5M
FY2024$1.4M
FY2025$2.1M
Expenses
$2.1M
FY2025▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$988K
FY2022$1.1M
FY2023$1.4M
FY2024$1.6M
FY2025$2.1M
Net assets
$1.1M
FY2025+0.4%
Tap a bar for its year
Net assets by fiscal year
FY2020$534K
FY2021$884K
FY2022$1.1M
FY2023$1.2M
FY2024$1.1M
FY2025$1.1M

From the FY2025 Form 990 (year ending March 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

20 people listed on the 990; $504K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$262,000Pt VII · Sec A
Regional Innovation Officer
$241,667Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lisa Johnson’s $262K as CEO is at the 87th percentile of top reported officer pay among 733 $1–10M diseases & disorders nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lisa Johnson$262,000$242,218$231,766$223,863$212,729$188,688
Wendy Harris$241,667—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters biohealth industry growth in Wisconsin.

Questions for Bioforward INC

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

The wi biohealth tech hub is an initiative of bioforward. As the lead consortium member, bioforward was awarded a dept of commerce- eda tech hub designation and phase ii grant to lead the governance project for the wi biohealth tech hub.

Pt IX · col B
02

Annual wisconsin biohealth summit conference. This event provides information and networking opportunities in the area of biohealth. 1.5 day conference with over 700 attendees.

Pt IX · col B
03

Biennial wi biohealth economic impact report providing key biohealth industrieal data utilized for marketing and supporting documentation purposes

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$678K
Investment incomeLn 3$41K
Money outPt IX
$2.1M
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$1.9M
LiabilitiesLn 26$765K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$678K
Government grantsLn 1e$678K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$41K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$256K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$1.9M
LiabilitiesLn 26$765K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 56
VolunteersI 619
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.4M$1.4M
Land, buildings, equipmentLn 10c$25K$21K
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$741K$765K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$284K
Other salaries and wagesLn 7$696K
Other employee benefitsLn 9$96K
Payroll taxesLn 10$65K
Legal feesLn 11b$82K
Accounting feesLn 11c$42K
Advertising and promotionLn 12$108K
Office expensesLn 13$12K
Information technologyLn 14$6K
OccupancyLn 16$46K
TravelLn 17$41K
Conferences, conventions and meetingsLn 19$227K
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$350K
All other expensesLn 24e$37K
Total functional expensesLn 25$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.1M$2.1M$4K$1.1M 990 PDF
FY2024 $1.4M$1.6M−$145K$1.1M 990 PDF
FY2023 $1.5M$1.4M$89K$1.2M 990 PDF
FY2022 $1.4M$1.1M$263K$1.1M 990 PDF
FY2021 $1.3M$988K$350K$884K 990 PDF
FY2020 $1.2M$1.1M$137K$534K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,109,580 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $143,289$677,649
I-9 Program service revenuePrior year $1,251,427$1,391,081
I-10 Investment incomePrior year $40,387$40,850
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,435,103$2,109,580
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $859,955$1,141,666
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $719,884$963,663
I-18 Total expensesPrior year $1,579,839$2,105,329
I-19 Revenue less expensesPrior year −$144,736$4,251
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,109,580 across 5 lines filed
VIII-1e Government grants$677,649
VIII-1h Total contributions, gifts and grants$677,649
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,391,081$1,391,081
VIII-3 Investment incomeExcluded from tax $40,850$40,850
VIII-12 Total revenueRelated to mission $1,391,081 · Unrelated business $0 · Excluded from tax $40,850$2,109,580
Part IX · Statement of functional expenses $2,105,329 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$283,893
IX-7 Other salaries and wages$695,859
IX-9 Other employee benefits$96,480
IX-10 Payroll taxes$65,434
IX-11b Legal fees$82,043
IX-11c Accounting fees$41,567
IX-12 Advertising and promotion$107,799
IX-13 Office expenses$12,432
IX-14 Information technology$6,495
IX-16 Occupancy$46,056
IX-17 Travel$41,491
IX-19 Conferences, conventions and meetings$226,998
IX-22 Depreciation, depletion and amortization$3,768
IX-23 Insurance$8,039
IX-24 Other expenses (24a–d)$350,421
IX-24e All other expenses$36,554
IX-25 Total functional expenses$2,105,329
Part X · Balance sheet $1,860,106 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $286,381$255,997
X-2 Savings and temporary cash investmentsStart of year $1,103,985$1,133,807
X-4 Accounts receivableStart of year $388,314$410,442
X-9 Prepaid expenses and deferred chargesStart of year $28,756$38,563
X-10c Land, buildings and equipment, netStart of year $25,064$21,297
X-16 Total assetsStart of year $1,832,500$1,860,106
X-17 Accounts payable and accrued expensesStart of year $40,410$63,407
X-19 Deferred revenueStart of year $700,967$701,325
X-26 Total liabilitiesStart of year $741,377$764,732
X-27 Net assets without donor restrictionsStart of year $1,091,123$1,095,374
X-32 Total net assets or fund balancesStart of year $1,091,123$1,095,374
X-33 Total liabilities and net assetsStart of year $1,832,500$1,860,106
Part XI · Reconciliation of net assets $1,095,374 net assets at year end
XI-1 Total revenue$2,109,580
XI-2 Total expenses$2,105,329
XI-3 Revenue less expenses$4,251
XI-4 Net assets at start of year$1,091,123
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,095,374

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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