Biologic Association FY2022 filing

Rosemont, IL · Public charity (501(c)(3)) · Medical Research

✓ Tax-deductible Latest data FY2022
Revenue
$219K
▲ +3% vs prior year
Spent
$160K
To programs
74%
Net assets
$256K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
74% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↑ +3% vs prior year
Legal name (IRS)Hdr · item CBiologic Association
EINHdr · item D84-4301415
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2021
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRosemont, IL
NTEE classificationIRS BMFMedical Research (H01)
WebsiteHdr · item Jwww.thebiologicassociation.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$119K
Management & general26%$41K
Total functional expensesLn 25$160K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$219K
FY2022▲ +3%
Expenses
$160K
FY2022▲ +32%
Program efficiency
74%
of spending reaches programs
Operating runway
19.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+27%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$266K
FY2022▲ +35%
Total liabilities
$10K
FY2022
Revenue less expensesPt I · Ln 19$59K
Total assetsPt X · Ln 16$266K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$256K
Total assetsLn 16$266K
Total liabilitiesLn 26$10K
Total net assetsLn 32$256K
Months of cash on handcomputed19.2

Statement of Revenue

Part VIII
Program service revenue$210K · 96%
Other revenue$9K · 4%
Program service revenue96%$210K
Other revenue4%$9K
Total revenueLn 12$219K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $256K · Operating expenses/yr $160K
19.2 months
Where the money goes
Program services
Program services $119K · Total expenses $160K
74%
Management & General
Management & general $41K · Total expenses $160K
26%
Fundraising
Fundraising $0 · Total expenses $160K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $12K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $219K
0%
Government reliance
Government grants — · Total revenue $219K
—
Earned-income share
Program service revenue $210K · Total revenue $219K
96%
Investment reliance
Investment income $0 · Total revenue $219K
0%
Program self-sufficiency
Program service revenue $210K · Total expenses $160K
131%
Growth & trend
Revenue growth (YoY)
This year $219K · Prior year $213K
+3%
Net-asset trend (YoY)
End of year $256K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $219K · Expenses $160K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $266K
—
Net-asset ratio
Net assets $256K · Total assets $266K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $266K
0%
People & payroll
Highest Reported Total Compensation
Individual Brian Cole · Reported title Secretary · Highest reported compensation $0 · Total expenses $160K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $160K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%——
Overhead ratio 26%——
Revenue growth 3%——
Investment management fee ratio 0%——
Legal fee ratio 2%——
Accounting fee ratio 0%——
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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Biologic Association executive salaries →

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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 15a—
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Unifying voices and advocating for effective, responsible use of musculoskeletal biologics.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $119K of program spending, described in the organization's own filed words · FY2022.
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.

$119Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $96K$78K-57% 990 PDF
FY2023 $223K$135K+2% 990 PDF
FY2022 Viewing $219K$160K+3% 990 PDF
FY2021 $213K$121K+86% 990 PDF
FY2020 $115K— 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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