Bioforward INC FY2021 filing

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EIN 39-1605083 Business league / trade association Madison, WI NTEE G92Z
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$1.3M
FY2021▲ +9%
Expenses
$988K
FY2021▼ -9%

Form 990 for the fiscal year ending March 2021 (IRS tax year 2020).


Fosters biohealth industry growth in Wisconsin. For fiscal year 2021 it reported $1.3M in revenue, $988K in expenses, and $884K in net assets.Pt I

Type
Business league / trade association · Diseases & Disorders
Location
Madison, WI
Website
www.bioforward.org
Filings
6 on file (2020–2021)
Revenue
$1.3MFY2021
Expenses
$988K
Net assets
$884K
People
20
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Figures match the IRS filing checked 9/4/26 · see original: IRS
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Size
$1–10M
What they do
Fosters biohealth industry growth in Wisconsin.
Leadership
Lisa Johnson · CEO · $213K
Money in and out
$1.3M revenue, $988K expenses
Bottom line
+26% operating surplus
Membership & operating revenue · FY2021
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$988K
Pt IX · Ln 25
Net assets
$884K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $350K
Where spending went · Part IX cols B–D
Program services $1.01
Operating surplus
+26%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Payroll share
54%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.3M
FY2021▲ +37%
Total liabilities
$448K
FY2021▲ +3%
Revenue less expensesPt I · Ln 19$350K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B101%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBioforward INC
EINHdr · item D39-1605083
Principal addressHdr · item CMadison, WI
WebsiteHdr · item Jwww.bioforward.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFDiseases & Disorders (G92Z)
Ruling yearIRS BMFAug 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$212,729Pt 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
Director
$0Pt VII · Sec A
Director
$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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Mission & Programs · Part III

Where the work happens

3 program services account for $177K of program spending, described in the organization's own filed words · FY2020.
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.

$72Kprogram 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.

$72Kprogram expense
03

Bioforward produces a bi-annual economic impact study on wisconsin's biohealth industry. These reports provide valuable data to our member companies, state-wide economic development entities, and media who utilize the data for economic impact, jobs and wage information and investment funding.

$33Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$1.3M
Investment income$1K
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.01
Program services101%$993K
Total functional expensesLn 25$988K

Balance Sheet

Part X · end of year
CashLn 1$912K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$448K
Total net assetsLn 32$884K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $912K · Operating expenses/yr $988K
11.1 months
Where the money goes
Program services
Program services — · Total expenses $988K
—
Management & General
Management & general — · Total expenses $988K
—
Fundraising
Fundraising — · Total expenses $988K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.3M
0%
Government reliance
Government grants — · Total revenue $1.3M
—
Earned-income share
Program service revenue $1.3M · Total revenue $1.3M
100%
Investment reliance
Investment income $1K · Total revenue $1.3M
+0.08%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $988K
135%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $1.2M
+9%
Net-asset trend (YoY)
End of year $884K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $988K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $884K · Total assets $1.3M
66%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lisa Johnson · Reported title CEO · Highest reported compensation $213K · Total expenses $988K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $529K · Total expenses $988K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 101%——
Revenue growth 9%——
Legal fee ratio 7%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.1M revenue · ⤓ 990 PDF
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · viewing · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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