Accelerates bioscience economic development in Iowa by providing follow-on support, mentoring, and commercialization training to early-stage entrepreneurs and startups.
Accelerates bioscience economic development in Iowa by providing follow-on support, mentoring, and commercialization training to early-stage entrepreneurs and startups.
For fiscal year 2025 it reported $6.9M in revenue, $2.2M in expenses, and $15.2M in net assets.Pt I
Where the money goes · FY2025
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$15.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.8M
Where spending went · Part IX cols B–D
76%
24%
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate▲ +29% vs prior filing year
Surplus margin
+69%
revenue over expenses, this year▲ +8% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$6.9M
FY2025▼ -10%
$7.7M$3.8M$0
FY2021FY2025
Expenses
$2.2M
FY2025▼ -23%
$2.8M$1.4M$0
FY2021FY2025
Total assets
$15.2M
FY2025▲ +36%
$15.2M$7.6M$0
FY2021FY2025
Total liabilities
$41K
FY2025▼ -66%
$121K$60K$0
FY2021FY2025
Total revenue
$6.9M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$15.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.8M
Total assetsPt X · Ln 16$15.2M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III
Where the work happens
3 program services account for $1.6M of program spending, described in the organization's own filed words · FY2024.
01
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.
$1.1Mprogram expense
02
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.
$421Kprogram expense
03
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)…
Steven Brody’s $211K as CEO and President
is at the 70th percentile of top reported officer pay among 2834 $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
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.
Individual Steven Brody · Reported title CEO AND PRESIDENT · Highest reported compensation $211K · Total expenses $2.2M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $487K · Total expenses $2.2M
23%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
76%
—
—
Overhead ratio
24%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
-10%
—
—
Legal fee ratio
1%
—
—
Accounting fee ratio
4%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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