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The Biosimilars Forum FY2024 filing

Not tax-deductible

Ashburn, VA501(c)(6)Since 2015Community DevelopmentEIN 81-0762544Revenue $2.1M in FY2024

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

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FY2024 · 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
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-7% vs prior year
Spent
$2.0M
To programs
0%
Net assets
$375K
By yearFY2020–FY2025
Revenue
$2.1M
FY2024▼ -7%
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
FY2024▼ -19%
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
$375K
FY2024▲ +57%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Juliana Reed
Executive Di
$0Pt VII · Sec A
Jon Martin
Treasurer &
$0Pt VII · Sec A
$0Pt VII · Sec A
Len Arensault
Director (ex
$0Pt VII · Sec A
Sean McGowan
Director
$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.

Questions for The Biosimilars Forum

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Provided by the organization

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3 programs · in their own filed words · FY2024
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
02

The biosimilars forum supports the education of health care providers and patients on the fda approval of biosimilars and safety of biosimilars.

Pt IX · col B
03

The biosimilars forum works with third party stakeholders to advance policies that support patient access to lower cost biosimilars.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Money outPt IX
$2.0M
Ln 25
Owns and owesPt X
$375K
net assets · Ln 32
Cash and savingsLn 1–2$523K
Total assetsLn 16$2.7M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$523K
Cash and savings togetherLn 1–2$523K
Total assetsLn 16$2.7M
LiabilitiesLn 26$2.3M
Net assetsLn 32$375K
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 FY24End FY24
Cash and savingsLn 1–2$661K$523K
Total assetsLn 16$2.5M$2.7M
LiabilitiesLn 26$2.2M$2.3M
Net assetsLn 32$238K$375K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$415K
Accounting feesLn 11c$15K
Lobbying feesLn 11d$358K
Other fees for servicesLn 11g$877K
Office expensesLn 13$13K
TravelLn 17$38K
Conferences, conventions and meetingsLn 19$228K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$35K
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 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $2,117,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,280,500$2,117,500
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,280,500$2,117,500
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 $2,430,491$1,980,827
I-18 Total expensesPrior year $2,430,491$1,980,827
I-19 Revenue less expensesPrior year −$149,991$136,673
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $2,117,500 across 3 lines filed
VIII-1b Membership dues$2,117,500
VIII-1h Total contributions, gifts and grants$2,117,500
VIII-12 Total revenue$2,117,500
Part IX · Statement of functional expenses $1,980,827 across 9 lines filed
IX-11a Management fees$414,996
IX-11c Accounting fees$15,000
IX-11d Lobbying fees$357,500
IX-11g Other fees for services$876,795
IX-13 Office expenses$12,798
IX-17 Travel$38,073
IX-19 Conferences, conventions and meetings$228,075
IX-23 Insurance$2,590
IX-24 Other expenses (24a–d)$35,000
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,980,827
Part X · Balance sheet $2,722,624 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $660,951$522,624
X-4 Accounts receivableStart of year $1,797,500$2,200,000
X-16 Total assetsStart of year $2,473,451$2,722,624
X-17 Accounts payable and accrued expensesStart of year $72,505$10,005
X-19 Deferred revenueStart of year $2,162,500$2,337,500
X-26 Total liabilitiesStart of year $2,235,005$2,347,505
X-27 Net assets without donor restrictionsStart of year $238,446$375,119
X-32 Total net assets or fund balancesStart of year $238,446$375,119
X-33 Total liabilities and net assetsStart of year $2,473,451$2,722,624
Part XI · Reconciliation of net assets $375,119 net assets at year end
XI-1 Total revenue$2,117,500
XI-2 Total expenses$1,980,827
XI-3 Revenue less expenses$136,673
XI-4 Net assets at start of year$238,446
XI-10 Net assets at end of year$375,119

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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