Bioflorida INC FY2023 filing

Not tax-deductible

Boynton Beach, FL501(c)(6)EIN 59-3436638

From concept to consumer, bioflorida is the premier source for supporting the florida life sciences industry. We provide comprehensive resources and advocacy, while fostering a thriving community that leads in innovation and groundbreaking solutions for patients.

$428K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $239K a year · 13% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Pay to officers and key staff
$428K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $19K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$77K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-14% vs prior year
Spent
$1.7M
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$1.9M
FY2023▼ -14%
Revenue by fiscal year
FY2020$1.0M
FY2022$2.2M
FY2023$1.9M
FY2024$2.0M
Expenses
$1.7M
FY2023▲ +17%
Expenses by fiscal year
FY2020$788K
FY2022$1.5M
FY2023$1.7M
FY2024$2.2M
Net assets
$3.0M
FY2023▲ +6%
Net assets by fiscal year
FY2020$1.5M
FY2022$2.8M
FY2023$3.0M
FY2024$2.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1998.

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

Who runs it and what they're paid

41 people listed on the 990; $428K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO Through 12/08/23
$269,052Pt VII · Sec A
$154,606Pt VII · Sec A
President & CEO from 12/08/23
$4,712Pt VII · Sec A
$0Pt VII · Sec A
Legal Counsel
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Nancy Bryan—$269,052$272,726$233,890
Mark Glickman$245,000$4,712——
Tara Ann Coleman$176,423$154,606$120,271—
Lorrie Albinson$154,808———
Ian Leventhal$138,269—$111,075—

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

Supports Florida's life sciences industry from idea to market, fostering innovation and community.

Provided by the organization

This section is blank until Bioflorida INC claims this page.

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1 program service, described in the organization's own filed words · FY2023.
01

Host statewide life science conference which brings together all disciplines from biopharmaceutical, medical technology, digital health and health systems industries. The meeting features presentations regarding state-of-the-art medicine and related fields, state and federal regulatory and legislative updates and company business models…

Pt IX · col B

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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 2 funders$19K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$63K
Other incomeLn 4–11$3K
Money outPt IX
$1.7M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$3.1M
LiabilitiesLn 26$77K
PeoplePt VI, VII
41
listed · VII A
PaidVII A3
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$63K
Other incomeLn 4–11$3K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$3.1M
LiabilitiesLn 26$77K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 56
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.4M$2.9M
Land, buildings, equipmentLn 10c$634$0
Total assetsLn 16$2.9M$3.1M
LiabilitiesLn 26$60K$77K
Net assetsLn 32$2.8M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$316K
Other salaries and wagesLn 7$492K
Pension plan contributionsLn 8$12K
Other employee benefitsLn 9$114K
Payroll taxesLn 10$51K
Legal feesLn 11b$55K
Accounting feesLn 11c$29K
Lobbying feesLn 11d$27K
Other fees for servicesLn 11g$21K
Advertising and promotionLn 12$52K
Office expensesLn 13$69K
Information technologyLn 14$7K
TravelLn 17$27K
Conferences, conventions and meetingsLn 19$650
InterestLn 20$166
Depreciation, depletion and amortizationLn 22$634
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$422K
Total functional expensesLn 25$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$2.2M−$183K$2.8M 990 PDF
FY2023 Viewing $1.9M$1.7M$179K$3.0M 990 PDF
FY2022 $2.2M$1.5M$739K$2.8M 990 PDF
FY2021 Not on file
FY2020 $1.0M$788K$220K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,885,745 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,820,300$1,820,300
VIII-3 Investment incomeExcluded from tax $62,788$62,788
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $919 · Excluded from tax $1,738$2,657
VIII-12 Total revenueRelated to mission $1,821,219 · Unrelated business $0 · Excluded from tax $64,526$1,885,745
Part IX · Statement of functional expenses $1,706,594 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$316,396
IX-7 Other salaries and wages$491,723
IX-8 Pension plan contributions$12,229
IX-9 Other employee benefits$113,601
IX-10 Payroll taxes$50,578
IX-11b Legal fees$55,252
IX-11c Accounting fees$28,513
IX-11d Lobbying fees$26,762
IX-11g Other fees for services$20,757
IX-12 Advertising and promotion$51,504
IX-13 Office expenses$69,285
IX-14 Information technology$6,725
IX-17 Travel$27,466
IX-19 Conferences, conventions and meetings$650
IX-20 Interest$166
IX-22 Depreciation, depletion and amortization$634
IX-23 Insurance$11,997
IX-24 Other expenses (24a–d)$422,356
IX-25 Total functional expenses$1,706,594
Part X · Balance sheet $3,107,205 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $119,287$119,817
X-2 Savings and temporary cash investmentsStart of year $2,321,815$2,761,321
X-4 Accounts receivableStart of year $466,771$226,067
X-10c Land, buildings and equipment, netStart of year $634$0
X-16 Total assetsStart of year $2,908,507$3,107,205
X-17 Accounts payable and accrued expensesStart of year $53,541$71,688
X-19 Deferred revenueStart of year $6,500$5,750
X-26 Total liabilitiesStart of year $60,041$77,438
X-27 Net assets without donor restrictionsStart of year $2,848,466$3,029,767
X-32 Total net assets or fund balancesStart of year $2,848,466$3,029,767
X-33 Total liabilities and net assetsStart of year $2,908,507$3,107,205
Part XI · Reconciliation of net assets $3,029,767 net assets at year end
XI-1 Total revenue$1,885,745
XI-2 Total expenses$1,706,594
XI-3 Revenue less expenses$179,151
XI-4 Net assets at start of year$2,848,466
XI-8 Prior period adjustments$2,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,029,767

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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