Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2013.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $370K paid to officers and key staff.
Steven Brody’s $211K as CEO and President is at the 70th percentile of top reported officer pay among 2832 $1–10M community development 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 · 4 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Steven Brody | $210,840 | $220,640 | $200,840 | $15,447 | — |
| Steven Smith | $158,790 | $153,840 | $150,840 | $150,009 | $149,657 |
| James Register Iiiretired Dec 2021 | — | — | — | $150,540 | — |
| James Register III | — | — | — | — | $150,000 |
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 15aNo
Programs and updates
Accelerates bioscience economic development in Iowa by providing follow-on support, mentoring, and commercialization training to early-stage entrepreneurs and startups.
Questions for Bioconnect Iowa
Your first name shows with your question. Bioconnect Iowa answers here, for everyone.
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Sbir/Sttr Outreach Program
Bioconnect iowa manages this program, funded by the iowa economic development authority (ieda), which assists startups with their federal solicitation applications. As well as technical writing assistance, bioconnect iowa provides subsequent matching funds for successful phase I SBIR/STTR grantees and phase ii SBIR/STTR grant applicants.
Per iowa code, section 15.107, bioconnect iowa is charged with receiving and disbursing funds from public or private sources to be used to enhance bioscience-based economic development in the state and to further the overall development and economic well-being of the state.
Iowa G2m Accelerator Program
The iowa go-to-market (G2M) accelerator program provides "follow-on" support for entrepreneurs who have completed one of the growing number of accelerator programs in the state (or are at an equivalent stage following completion of a successful SBIR/STTR project or other program that includes an entrepreneurship development component)…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $720K | $718K |
| InvestmentsLn 11–13 | $10.1M | $14.4M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $11.2M | $15.2M |
| LiabilitiesLn 26 | $121K | $41K |
| Net assetsLn 32 | $11.1M | $15.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $16K | $16K | ||
| Pay of current officers, directors and key staffLn 5 | $370K | $212K | $158K | |
| Other salaries and wagesLn 7 | $61K | $3K | $58K | |
| Other employee benefitsLn 9 | $27K | $15K | $11K | |
| Payroll taxesLn 10 | $30K | $16K | $14K | |
| Management feesLn 11a | $556K | $556K | ||
| Legal feesLn 11b | $14K | $5K | $9K | |
| Accounting feesLn 11c | $87K | $87K | ||
| Other fees for servicesLn 11g | $564K | $540K | $24K | |
| Office expensesLn 13 | $41K | $30K | $12K | |
| OccupancyLn 16 | $45K | $18K | $27K | |
| TravelLn 17 | $24K | $6K | $18K | |
| Conferences, conventions and meetingsLn 19 | $155 | $39 | $116 | |
| InsuranceLn 23 | $29K | $29K | ||
| Other expenses (24a–d)Ln 24 | $299K | $224K | $75K | |
| Total functional expensesLn 25 | $2.2M | $1.6M | $523K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $6.9M | $2.2M | $4.8M | $15.2M | 990 PDF |
| FY2024 | $7.7M | $2.8M | $4.9M | $11.1M | 990 PDF |
| FY2023 | $7.3M | $2.3M | $5.0M | $6.2M | 990 PDF |
| FY2022 | $1.8M | $1.6M | $220K | $1.1M | 990 PDF |
| FY2021 | $2.7M | $2.8M | −$51K | $896K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $6,948,451 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $6,948,451 across 5 lines filed
Part IX · Statement of functional expenses $2,163,333 across 15 lines filed
Part X · Balance sheet $15,246,639 assets, 15 lines filed
Part XI · Reconciliation of net assets $15,205,711 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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