Bioforward INC FY2020 filing

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To promote the growth of biohealth industries in wisconsin.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$189K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$189K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.5 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
$436K
45% of total assets
Looks good: liabilities are 45% 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
$1.2M
Spent
$1.1M
To programs
100%
Net assets
$534K
By yearFY2020–FY2025
Revenue
$1.2M
FY2020
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
$1.1M
FY2020
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
$534K
FY2020
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 FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $189K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$188,688Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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.

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Provided by the organization

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3 programs · $275K · in their own filed words · FY2019
01

Talent initiative campaign. Run a digital advertising campaign to let bioheatlh talent outside of wisconsin know that wisconsin is the place to be for a career in the biohealth industry. Expenses reflect only direct program expenses and not indirect costs, including staff allocation.

$114Kprogram expense
02

Annual wisconsin bioscience summit conference. This event provides information and networking opportunities in the area of BIOTECHNOLOGY.EXPENSES reflect only direct program expenses and not indirect costs, including staff allocation.

$96Kprogram expense
03

Annual international biotechnology conference. The conference provided wisconsin-based companies the chance to establish new relationships with vendors, customers and strategic partners, as well as industry news and information to MEMBERS.EXPENSES reflect only direct program expenses and not indirect costs, including staff allocation.

$64Kprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$6K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Owns and owesPt X
$534K
net assets · Ln 32
Cash and savingsLn 1–2$680K
Total assetsLn 16$970K
LiabilitiesLn 26$436K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$6K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$557K
Cash and savings togetherLn 1–2$680K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$970K
LiabilitiesLn 26$436K
Net assetsLn 32$534K
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 FY20End FY20
Cash and savingsLn 1–2$517K$680K
Land, buildings, equipmentLn 10c$10K$7K
Total assetsLn 16$759K$970K
LiabilitiesLn 26$362K$436K
Net assetsLn 32$397K$534K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$198K
Other salaries and wagesLn 7$243K
Other employee benefitsLn 9$22K
Payroll taxesLn 10$32K
Legal feesLn 11b$60K
Accounting feesLn 11c$11K
Advertising and promotionLn 12$41K
Office expensesLn 13$14K
OccupancyLn 16$18K
TravelLn 17$17K
Conferences, conventions and meetingsLn 19$132K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$251K
All other expensesLn 24e$37K
Total functional expensesLn 25$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $1,222,832 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $300,154$0
I-9 Program service revenuePrior year $606,125$1,217,240
I-10 Investment incomePrior year $3,675$5,592
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $909,954$1,222,832
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 $431,811$494,656
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $389,932$591,202
I-18 Total expensesPrior year $821,743$1,085,858
I-19 Revenue less expensesPrior year $88,211$136,974
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 $1,222,832 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,217,240$1,217,240
VIII-3 Investment incomeExcluded from tax $5,592$5,592
VIII-12 Total revenueRelated to mission $1,217,240 · Unrelated business $0 · Excluded from tax $5,592$1,222,832
Part IX · Statement of functional expenses $1,085,858 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$197,814
IX-7 Other salaries and wages$243,183
IX-9 Other employee benefits$22,052
IX-10 Payroll taxes$31,607
IX-11b Legal fees$60,000
IX-11c Accounting fees$11,144
IX-12 Advertising and promotion$41,038
IX-13 Office expenses$14,270
IX-16 Occupancy$17,894
IX-17 Travel$17,284
IX-19 Conferences, conventions and meetings$131,718
IX-22 Depreciation, depletion and amortization$2,175
IX-23 Insurance$6,964
IX-24 Other expenses (24a–d)$251,315
IX-24e All other expenses$37,400
IX-25 Total functional expenses$1,085,858
Part X · Balance sheet $969,826 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $97,174$122,417
X-2 Savings and temporary cash investmentsStart of year $419,333$557,128
X-4 Accounts receivableStart of year $228,625$278,917
X-9 Prepaid expenses and deferred chargesStart of year $4,172$3,878
X-10c Land, buildings and equipment, netStart of year $9,661$7,486
X-14 Intangible assetsStart of year $0$0
X-16 Total assetsStart of year $758,965$969,826
X-17 Accounts payable and accrued expensesStart of year $18,919$41,006
X-19 Deferred revenueStart of year $343,100$394,900
X-26 Total liabilitiesStart of year $362,019$435,906
X-27 Net assets without donor restrictionsStart of year $396,946$533,920
X-32 Total net assets or fund balancesStart of year $396,946$533,920
X-33 Total liabilities and net assetsStart of year $758,965$969,826
Part XI · Reconciliation of net assets $533,920 net assets at year end
XI-1 Total revenue$1,222,832
XI-2 Total expenses$1,085,858
XI-3 Revenue less expenses$136,974
XI-4 Net assets at start of year$396,946
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$533,920

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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