Biologic Association EIN 84-4301415 Form 990 (PDF) Claim this org

Biologic Association

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Unifying voices and advocating for effective, responsible use of musculoskeletal biologics. For fiscal year 2024 it reported $96K in revenue, $78K in expenses, and $362K in net assets.Pt I

Type
Public charity (501(c)(3)) · Medical Research
Location
Rosemont, IL
Website
www.thebiologicassociation.com
Filings
5 on file (2020–2024)
Revenue
$96KFY2024
Expenses
$78K
Net assets
$362K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-4301415 Public charity (501(c)(3)) Rosemont, IL
Form 990 (PDF)
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Size
<$100K
What they do
Unifying voices and advocating for effective, responsible use of musculoskeletal biologics.
Leadership
Brian Cole · Co-Chair
Money in and out
$96K revenue, $78K expenses
Bottom line
99% program efficiency
Where the money goes · FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$362K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
56.0mo
months of highly liquid reserves at operating expense rate▲ +84% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▼ -51% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$96K
FY2024▼ -57%
Expenses
$78K
FY2024▼ -43%
Total assets
$362K
FY2024▲ +5%
Total liabilities
$0
FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$362K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$19K
Total assetsPt X · Ln 16$362K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBiologic Association
EINHdr · item D84-4301415
Principal addressHdr · item CRosemont, IL
WebsiteHdr · item Jwww.thebiologicassociation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H01)
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-Chair
$0Pt VII · Sec A
Secretary General
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $77K of program spending, described in the organization's own filed words · FY2024.
01

Collaboration for coordinated efforts in the musculoskeletal biologics environment, advocating for clinical practice, standards development, assessing and reporting on the safety and efficacy of biologic interventions.

$77Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$70K · 73%
Contributions & grants$15K · 16%
Other revenue$11K · 12%
Program service revenue73%$70K
Contributions & grants16%$15K
Other revenue12%$11K
Total revenueLn 12$96K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$77K
Management & general1%$471
Total functional expensesLn 25$78K

Balance Sheet

Part X · end of year
CashLn 1$362K
Total assetsLn 16$362K
Total liabilitiesLn 26$0
Total net assetsLn 32$362K
Months of cash on handcomputed56.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $362K · Operating expenses/yr $78K
56.0 months
Where the money goes
Program services
Program services $77K · Total expenses $78K
99%
Management & General
Management & general $471 · Total expenses $78K
0.6%
Fundraising
Fundraising $0 · Total expenses $78K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $5K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $96K
16%
Government reliance
Government grants $0 · Total revenue $96K
0%
Earned-income share
Program service revenue $70K · Total revenue $96K
73%
Investment reliance
Investment income $0 · Total revenue $96K
0%
Program self-sufficiency
Program service revenue $70K · Total expenses $78K
90%
Growth & trend
Revenue growth (YoY)
This year $96K · Prior year $223K
-57%
Revenue CAGR
FY2020 $115K · FY2024 $96K
-4%
Net-asset trend (YoY)
End of year $362K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $96K · Expenses $78K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $362K
Net-asset ratio
Net assets $362K · Total assets $362K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $362K
0%
People & payroll
Highest Reported Total Compensation
Individual Brian Cole · Reported title Co-Chair · Highest reported compensation $0 · Total expenses $78K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $78K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.6%
Fundraising cost ratio 0%
Revenue growth -57%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 6%
Fundraising fee ratio 0%

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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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$96K revenue · viewing · ⤓ 990 PDF
FY2023$223K revenue · ⤓ 990 PDF
FY2022$219K revenue · ⤓ 990 PDF
FY2021$213K revenue · ⤓ 990 PDF
FY2020$115K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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