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The Biosimilars Forum FY2020 filing

Not tax-deductible

Ashburn, VA501(c)(6)Since 2015Community DevelopmentEIN 81-0762544Revenue $2.2M in FY2020

On file with the IRSbiosimilarsforum.org20855 Saber Jet Pl, 20147-6268 · Ashburn, VATax-exempt since Apr 2016

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To advance Biosimilars in the united states with the intent of expanding access and availability of biological medicines and improving health care.

Mission: Form 990 Part I, line 1

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
3 of 6
filings with a surplus
Average deficit $18K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
Spent
$2.0M
To programs
0%
Net assets
$899K
By yearFY2020–FY2025
Revenue
$2.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.1M
FY2022$2.1M
FY2023$2.3M
FY2024$2.1M
FY2025$2.3M
Expenses
$2.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.4M
FY2023$2.4M
FY2024$2.0M
FY2025$2.2M
Net assets
$899K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$899K
FY2021$703K
FY2022$388K
FY2023$238K
FY2024$375K
FY2025$505K

From the FY2020 Form 990 · 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 Apr 2016.

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Meaghan Smith
Executive Di
$0Pt VII · Sec A
Juliana Reed
President
$0Pt VII · Sec A
Dara Corrigan
Vice Preside
$0Pt VII · Sec A
Molly Burich
Secretary
$0Pt VII · Sec A
James Carey
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Biosimilars Forum executive salaries →

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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

Promotes biosimilars to expand access to biological medicines and improve healthcare.

Provided by the organization

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1 program · in their own filed words · FY2020
01

The biosimilars forum provides evidence-based information to inform and support public policies that encourage awareness, access, and adoption of biosimilars.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$2.2M
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$899K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.9M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$2.8M
LiabilitiesLn 26$1.9M
Net assetsLn 32$899K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$809K$1.2M
Total assetsLn 16$2.4M$2.8M
LiabilitiesLn 26$1.8M$1.9M
Net assetsLn 32$610K$899K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$236K
Legal feesLn 11b$40K
Accounting feesLn 11c$12K
Lobbying feesLn 11d$360K
Other fees for servicesLn 11g$836K
Office expensesLn 13$562
Information technologyLn 14$240K
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$221K
InsuranceLn 23$3K
Total functional expensesLn 25$2.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$2.2M$130K$505K 990 PDF
FY2024 $2.1M$2.0M$137K$375K 990 PDF
FY2023 $2.3M$2.4M−$150K$238K 990 PDF
FY2022 $2.1M$2.4M−$314K$388K 990 PDF
FY2021 $2.1M$2.3M−$197K$703K 990 PDF
FY2020 Viewing $2.2M$2.0M$290K$899K 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 FY2020 990 (6 parts)
Part I · Summary $2,242,189 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,777,994$2,242,189
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,777,994$2,242,189
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,050,112$1,952,658
I-18 Total expensesPrior year $2,050,112$1,952,658
I-19 Revenue less expensesPrior year −$272,118$289,531
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,242,189 across 3 lines filed
VIII-1b Membership dues$2,242,189
VIII-1h Total contributions, gifts and grants$2,242,189
VIII-12 Total revenue$2,242,189
Part IX · Statement of functional expenses $1,952,658 across 10 lines filed
IX-11a Management fees$235,800
IX-11b Legal fees$40,000
IX-11c Accounting fees$11,740
IX-11d Lobbying fees$360,000
IX-11g Other fees for services$836,356
IX-13 Office expenses$562
IX-14 Information technology$240,000
IX-17 Travel$4,797
IX-19 Conferences, conventions and meetings$220,812
IX-23 Insurance$2,591
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,952,658
Part X · Balance sheet $2,761,526 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $809,083$1,199,526
X-4 Accounts receivableStart of year $1,609,000$1,562,000
X-16 Total assetsStart of year $2,418,083$2,761,526
X-17 Accounts payable and accrued expensesStart of year $8,167$95,412
X-19 Deferred revenueStart of year $1,800,000$1,766,667
X-26 Total liabilitiesStart of year $1,808,167$1,862,079
X-27 Net assets without donor restrictionsStart of year $609,916$899,447
X-32 Total net assets or fund balancesStart of year $609,916$899,447
X-33 Total liabilities and net assetsStart of year $2,418,083$2,761,526
Part XI · Reconciliation of net assets $899,447 net assets at year end
XI-1 Total revenue$2,242,189
XI-2 Total expenses$1,952,658
XI-3 Revenue less expenses$289,531
XI-4 Net assets at start of year$609,916
XI-10 Net assets at end of year$899,447

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

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