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BIOTECHNOLOGY INNOVATION ORGANIZATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BIOTECHNOLOGY INNOVATION ORGANIZATION (EIN 52-1224577)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-10
IRS object ID
202303149349304935
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-10T15:40:29-06:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1TWO INTERNATIONAL PLACE 22ND FLOORAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02110ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN521224577EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BIOTECHNOLOGY INNOVATION ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBIOTBusinessNameControlTxt
Phone2029629200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 NEW YORK AVE NW NO 1300AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEPHEN JASKOPersonNm
Person TitleCFO & EVP OF BUSN DEVELOPMENTPersonTitleTxt
Phone2029629200PhoneNum
Signature2023-11-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSTEPHENPersonFirstNm
Person LastJASKOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAURA J KENNEYPreparerPersonNm
PTINP00202198PTIN
Phone6177170831PhoneNum
Preparation2023-11-09PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerRACHEL KINGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 NEW YORK AVE NW NO 1300AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$112,257,445GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.BIO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1981FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionBIO IS THE WORLD'S LARGEST ADVOCACY ASSOCIATION REPRESENTING APPROXIMATELY 1,000 MEMBER COMPANIES, STATE BIOTECHNOLOGY GROUPS, ACADEMIC AND RESEARCH INSTITUTIONS, PATIENT GROUPS, AND RELATED ORGANIZATIONS ACROSS THE UNITED STATES AND IN 30+ COUNTRIES. BIO IS FOUNDED ON THE PRINCIPLE THAT POLICY MUST NURTURE INNOVATION IN THE LIFE SCIENCES TO OVERCOME CHALLENGES IN HEALTH CARE, AGRICULTURE, INDUSTRY, AND THE ENVIRONMENT. BIO'S EFFORTS INCLUDE ADVOCACY AND POLICY EFFORTS FOCUSED ON THE INNOVATIVE HEALTH OF THE SECTOR ALONG WITH CONVENING EVENTS AND OFFERING OTHER MEMBER SERVICES.ActivityOrMissionDesc
Voting Members Governing Body102VotingMembersGoverningBodyCnt
Voting Members Independent102VotingMembersIndependentCnt
Total Employee175TotalEmployeeCnt
Total Volunteers102TotalVolunteersCnt
Total Gross UBI$59,273TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$15,505NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$154,941PYContributionsGrantsAmt
CY Contributions Grants$874,632CYContributionsGrantsAmt
PY Program Service Revenue$52,920,414PYProgramServiceRevenueAmt
CY Program Service Revenue$77,932,917CYProgramServiceRevenueAmt
PY Investment Income$6,180,523PYInvestmentIncomeAmt
CY Investment Income$3,416,988CYInvestmentIncomeAmt
PY Other Revenue$21,654,962PYOtherRevenueAmt
CY Other Revenue$20,960,638CYOtherRevenueAmt
PY Total Revenue$80,910,840PYTotalRevenueAmt
CY Total Revenue$103,185,175CYTotalRevenueAmt
PY Grants And Similar Paid$2,103,465PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$711,285CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$34,982,444PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$33,487,118CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$42,972,209PYOtherExpensesAmt
CY Other Expenses$52,145,707CYOtherExpensesAmt
PY Total Expenses$80,058,118PYTotalExpensesAmt
CY Total Expenses$86,344,110CYTotalExpensesAmt
PY Revenues Less Expenses$852,722PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$16,841,065CYRevenuesLessExpensesAmt
Total Assets BOY$113,666,319TotalAssetsBOYAmt
Total Assets EOY$124,412,600TotalAssetsEOYAmt
Total Liabilities BOY$69,410,674TotalLiabilitiesBOYAmt
Total Liabilities EOY$73,648,403TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$44,255,645NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$50,764,197NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE BIOTECHNOLOGY INNOVATION ORGANIZATION (BIO) REPRESENTS APPROXIMATELY 1,000 COMPANIES AND ORGANIZATIONS IN WASHINGTON DC, STATE CAPITALS, AND INTERNATIONAL FORA. BIO IS FOUNDED ON THE PRINCIPLE THAT POLICY MUST NURTURE INNOVATION IN THE LIFE SCIENCES TO OVERCOME CHALLENGES IN HEALTH CARE, AGRICULTURE, INDUSTRY, AND THE ENVIRONMENT. OUR MEMBERS REPRESENT COMPANIES OFFERING A SPECTRUM OF BIOTECHNOLOGY APPLICATIONS ACROSS MAJOR SECTORS OF THE ECONOMY. BIO MEMBERS ALSO INCLUDE UNIVERSITIES, NONPROFITS, PATIENT GROUPS, AND OTHER ORGANIZATIONS THAT PLAY AN IMPORTANT ROLE IN THE FUTURE OF THE LIFE SCIENCES. BIO'S ACTIVITIES ARE BROKEN DOWN INTO TWO PROGRAMS - ADVOCACY AND SERVICES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescADVOCACY: BIOTECHNOLOGY INNOVATION ORGANIZATION (BIO)'S ADVOCACY EFFORTS REFLECT THE PRIORITIES IDENTIFIED BY THE BIO BOARD OF DIRECTORS AND THE FOUR SECTION GOVERNING BOARDS.THE BOARD OF DIRECTORS FOCUSES ON ISSUES OF IMPORTANCE TO ALL BIO MEMBERS, REGARDLESS OF THEIR SIZE OR TECHNOLOGY. THESE CROSS-CUTTING ADVOCACY ACCOMPLISHMENTS FOR THE YEAR ARE LISTED BELOW: - SAFEGUARDED AND ADVANCED INTELLECTUAL PROPERTY PROTECTIONS, DOMESTICALLY AND INTERNATIONALLY.- FOSTERED A DIALOGUE ABOUT BIOETHICS AND PROACTIVELY ADVANCED THE SOCIALLY RESPONSIBLE USE OF BIOTECHNOLOGY.- PROMOTED INVESTMENT IN GOVERNMENT AND ACADEMIC RESEARCH.- EXPANDED OUTREACH TO FOREIGN GOVERNMENTS AND INTERNATIONAL ENTITIES TO EDUCATE ON POLICY ISSUES OF IMPORTANCE TO THE BIOTECHNOLOGY INDUSTRY AND TO IMPROVE THE INVESTMENT AND REGULATORY CLIMATE FOR BIOTECH PRODUCTS.THE HEALTH SECTION ADVOCACY ACCOMPLISHMENTS: - PROMOTED HEALTHCARE POLICIES THAT RECOGNIZE BOTH THE PROMISE AND VALUE OF INNOVATION.- ADVOCATED FOR A SAFE AND PREDICTABLE REGULATORY ENVIRONMENT FOR VALUE-BASED PAYMENT ARRANGEMENTS FOR DRUGS AND BIOLOGICS.- ENHANCED AND PROTECTED PATIENT ACCESS TO INNOVATIVE THERAPIES AND PROMOTED THE NEED FOR GREATER NONDISCRIMINATION ENFORCEMENT AGAINST INSURANCE BENEFIT DESIGNS.- ADVOCATED FOR BIOSIMILARS POLICIES THAT PROTECT PATIENT SAFETY, PROMOTE BIOMEDICAL INNOVATION, AND ADVANCE THE SCIENCE-BASED REVIEW AND APPROVAL OF BIOSIMILARS AND INTERCHANGEABLE BIOLOGICAL PRODUCTS.- PROMOTED THE VALUE OF U.S. GOVERNMENT INVESTMENTS IN PROGRAMS THAT IMPROVE ACCESS TO IMMUNIZATIONS AND FOSTER VACCINE INNOVATION, STRENGTHENED OUR ABILITY TO RESPOND TO BIOTERROR THREATS OR EMERGING INFECTIOUS DISEASES, AND ENCOURAGED DEVELOPMENT OF NEW PRODUCTS TO FIGHT ANTIMICROBIAL RESISTANCE (AMR).- INFLUENCED IMPROVEMENTS TO THE INTERNATIONAL ENVIRONMENT FOR BIOMEDICAL INNOVATION AND GLOBAL PUBLIC HEALTH PREPAREDNESS.- ADVOCATED FOR THE MODERNIZATION OF THE CLINICAL DEVELOPMENT PARADIGM.THE EMERGING COMPANIES SECTION ADVOCACY ACCOMPLISHMENTS: - ADVANCED THE INTEREST OF EMERGING COMPANIES IN CAPITAL FORMATION AND FINANCIAL SERVICES POLICY.- ADVOCATED FOR FISCAL POLICIES SUPPORTING INNOVATIVE EMERGING COMPANIES AND INVESTMENT IN GROUNDBREAKING R&D; ENHANCED THE VOICE OF PRE-REVENUE, R&D-INTENSIVE BUSINESSES- ADVOCATED FOR THE REMOVAL OF BURDENSOME FINANCIAL REPORTING REGULATIONS ON EMERGING COMPANIES.THE FOOD & AGRICULTURE SECTION ADVOCACY ACCOMPLISHMENTS: - WORKED WITH THE ADMINISTRATION AND CONGRESS TO ADVANCE IMPROVEMENTS TO THE U.S. AND GLOBAL REGULATORY SYSTEMS FOR AG-BIOTECH PRODUCTS. - WORKED WITH MEMBERS OF THE AGRICULTURAL VALUE CHAIN TO ADDRESS TRADE ISSUES IN AGRICULTURAL EXPORT MARKETS SUCH AS CHINA AND EUROPE. - ADVOCATED IN LEGISLATURES AND COURTS TO PRESERVE THE RIGHTS OF FARMERS TO PLANT GENETICALLY ENGINEERED CROPS. THE INDUSTRIAL & ENVIRONMENTAL SECTION ADVOCACY ACCOMPLISHMENTS: - SUPPORTED A RENEWABLE CHEMICALS REPORT.- ADVOCATED FOR EPA TO TREAT ALL SUSTAINABLY SOURCED BIOMASS AS ELIGIBLE MEASURES FOR EMISSIONS REDUCTION CREDIT (ERC) GENERATION. - ADVOCATED REGARDING THE IMPLEMENTATION OF THE TOXIC SUBSTANCES CONTROL ACT (TSCA) AS AMENDED BY CONGRESS, AS WELL AS ISSUES RELATING TO THE NATIONAL BIOENGINEERED FOOD DISCLOSURE ACT.- ENGAGED WITH THE ADMINISTRATION'S REVIEW OF THE COORDINATED FRAMEWORK FOR BIOTECHNOLOGY, INCLUDING WITH RESPECT TO THE REGULATION OF GENETICALLY ENGINEERED (GE) ALGAE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescSERVICES: BIO'S SERVICES INCLUDE CONFERENCES AND ACTIVITIES THAT BRING ADVOCACY ACCOMPLISHMENTS LISTED BELOW:- SAFEGUARDED AND ADVANCED INTELLECTUAL PROPERTY PROTECTIONS, DOMESTICALLY AND INTERNATIONALLY.- FOSTERED A DIALOGUE ABOUT BIOETHICS AND PROACTIVELY ADVANCED THE SOCIALLY RESPONSIBLE USE OF BIOTECHNOLOGY.- PROMOTED INVESTMENT IN GOVERNMENT AND ACADEMIC RESEARCH.- BROUGHT TOGETHER INDUSTRY STAKEHOLDERS AND INVESTORS FOR EVENTS RANGING FROM THE BIO INTERNATIONAL CONVENTION TO CONFERENCES FOR BUSINES DEVELOPMENT EXECUTIVES.THE BIO INTERNATIONAL CONVENTION ATTRACTS THE MOST INFLUENTIAL BIOTECH AND PHARMA ATTENDEES FROM 73 COUNTRIES AND 47 U.S. STATES, AS WELL AS THE DISTRICT OF COLUMBIA, PUERTO RICO AND THE US VIRGIN ISLANDS AND OFFERS PROFESSIONAL AND BUSINESS DEVELOPMENT OPPORTUNITIES. THE NET INCOME FROM THE CONVENTION SUPPORTS OUR ADVOCACY, PUBLIC OUTREACH, AND OTHER MEMBER SERVICE ACTIVITIES.THE KEY ELEMENTS OF THE BIO INTERNATIONAL CONVENTION ARE EDUCATIONAL PROGRAMMING, EXHIBITION, THE BIO BUSINESS FORUM, AND NETWORKING EVENTS. THESE ELEMENTS PROVIDE AN OPPORTUNITY FOR BIOTECHNOLOGY AND PHARMACEUTICAL COMPANIES, ACADEMIC RESEARCH INSTITUTIONS, AND INVESTORS FROM AROUND THE WORLD TO LEARN ABOUT RECENT SCIENTIFIC AND POLICY DEVELOPMENTS, AND SCHEDULE ONE-ON-ONE MEETINGS TO DISCUSS POTENTIAL BUSINESS OPPORTUNITIES. THE BIO BUSINESS FORUM AT THE CONVENTION HOSTS TENS OF THOUSANDS OF PARTNERING MEETINGS AMONG A FEW THOUSAND COMPANIES, ALONG WITH A COUPLE HUNDRED COMPANY PRESENTATIONS. THE CONVENTION HOSTS HUNDREDS OF SPEAKERS, AND OVER A THOUSAND EXHIBITIONS WITH INTERNATIONAL, REGIONAL AND STATE PAVILIONS (AND A NUMBER OF PRODUCT FOCUS ZONES).BEYOND THE CONVENTION, BIO HOSTS OR CO-HOSTS A NUMBER OF NATIONAL AND INTERNATIONAL CONFERENCES THAT PROVIDE VENUES FOR MEMBER AND NON-MEMBER COMPANIES TO PRESENT NEW DATA, MEET WITH FELLOW BIOTECH COMPANIES, AND ATTRACT FUNDING FROM INVESTORS AND OTHER ORGANIZATIONS.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document159IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee175EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryINForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri Discl0NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (1)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members102GoverningBodyVotingMembersCnt
Independent Voting Member102IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSTEPHEN JASKOPersonNm
Phone2029629200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11201 NEW YORK AVE NW STE 1300AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20005ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (123 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
RACHEL K KING PRES CEO
EMERITUS BOARD MEM (SINCE NOV 2022)40.00Yes (X)Yes (X)$241,642$0$5,929
JULIE LOUISE GERBERDING
ASSOC VICE CHAIR/SECY (UNTIL 5/2022)2.00Yes (X)Yes (X)$0$0$0
PAUL J HASTINGS
CHAIR2.00Yes (X)Yes (X)$0$0$0
JEREMY M LEVIN
IMMEDIATE PAST CHAIR2.00Yes (X)Yes (X)$0$0$0
ELIZABETH LEWIS
ASSOCIATE VICE CHAIR & SECRETARY2.00Yes (X)Yes (X)$0$0$0
BRADFORD A ZAKES
TREASURER2.00Yes (X)Yes (X)$0$0$0
JOHN F CROWLEY
EMERGING COMPANIES SECTION CHAIR2.00Yes (X)Yes (X)$0$0$0
JENNIFER HOLMGREN
AGRICULTURE & ENVIRONMENT VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
TED W LOVE
HEALTH SECTION VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
ERIKA SMITH
EMERGING COMPANIES SECT. VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
SUE WASHER
EMERGING COMPANIES SECT VC & SECY2.00Yes (X)Yes (X)$0$0$0
SYLVIA WULF
AGRICULTURE & ENVIRONMENT SECT CHAIR2.00Yes (X)Yes (X)$0$0$0
JILL ZULLO UNTIL JAN 2022
AGRICULTURE & ENVIRONMENT CO-CHAIR2.00Yes (X)Yes (X)$0$0$0
ANGELA CARISA AILLONI
DIRECTOR2.00Yes (X)$0$0$0
STEVE ALBERS
DIRECTOR2.00Yes (X)$0$0$0
BONNIE ANDERSON
DIRECTOR (UNTIL JANUARY 2022)2.00Yes (X)$0$0$0
STUART A ARBUCKLE
DIRECTOR2.00Yes (X)$0$0$0
MARTIN BABLER
DIRECTOR2.00Yes (X)$0$0$0
DOUG BERVEN
DIRECTOR2.00Yes (X)$0$0$0
SULAGNA BHATTACHARYA
DIRECTOR2.00Yes (X)$0$0$0
JEAN-JACQUES BIENAIME
DIRECTOR2.00Yes (X)$0$0$0
FRITZ BITTENBENDER
DIRECTOR2.00Yes (X)$0$0$0
CHRISTOPHER BOERNER
DIRECTOR2.00Yes (X)$0$0$0
CARRIE L BOURDOW
DIRECTOR2.00Yes (X)$0$0$0
CARINE BOUSTANY
DIRECTOR2.00Yes (X)$0$0$0
STEPHEN BRADY
DIRECTOR2.00Yes (X)$0$0$0
VICTOR BULTO
DIRECTOR2.00Yes (X)$0$0$0
EMMANUEL CAEYMAEX
DIRECTOR2.00Yes (X)$0$0$0
PABLO J CAGNONI
DIRECTOR2.00Yes (X)$0$0$0
KAY CHANDLER
DIRECTOR2.00Yes (X)$0$0$0
IVAN CHEUNG
DIRECTOR2.00Yes (X)$0$0$0
GIACOMO CHIESI
DIRECTOR2.00Yes (X)$0$0$0
JEFFREY L CLELAND
DIRECTOR2.00Yes (X)$0$0$0
RON COHEN
DIRECTOR2.00Yes (X)$0$0$0
GRACE E COLON
DIRECTOR2.00Yes (X)$0$0$0
BRUCE C COZADD
DIRECTOR2.00Yes (X)$0$0$0
ROGER CRYSTAL
DIRECTOR2.00Yes (X)$0$0$0
DOUGLAS DOERFLER
DIRECTOR2.00Yes (X)$0$0$0
ERIC M DUBE
DIRECTOR2.00Yes (X)$0$0$0
MARC DUNOYER
DIRECTOR2.00Yes (X)$0$0$0
MARK ENYEDY
DIRECTOR2.00Yes (X)$0$0$0
BARRY P FLANNELLY
DIRECTOR2.00Yes (X)$0$0$0
ALEXANDRIA FORBES
DIRECTOR2.00Yes (X)$0$0$0
KAYE FOSTER
DIRECTOR2.00Yes (X)$0$0$0
CEDRIC FRANCOIS
DIRECTOR2.00Yes (X)$0$0$0
JOHN GLASSPOOL
DIRECTOR2.00Yes (X)$0$0$0
JENNIFER GOOD
DIRECTOR2.00Yes (X)$0$0$0
KEVIN C GORMAN
DIRECTOR2.00Yes (X)$0$0$0
YVONNE GREENSTREET
DIRECTOR2.00Yes (X)$0$0$0
PATRICK GRUBER
DIRECTOR2.00Yes (X)$0$0$0
CHIRFI GUINDO
DIRECTOR (UNTIL JULY 2022)2.00Yes (X)$0$0$0
SEBASTIAN GUTH
DIRECTOR2.00Yes (X)$0$0$0
STEVEN HARR
DIRECTOR2.00Yes (X)$0$0$0
RACHEL HAURWITZ
DIRECTOR2.00Yes (X)$0$0$0
CHRISTOPHER HEALEY
DIRECTOR2.00Yes (X)$0$0$0
MIKE HUCKMAN
DIRECTOR2.00Yes (X)$0$0$0
ELIZABETH JEFFORDS
DIRECTOR2.00Yes (X)$0$0$0
PATRIK JONSSON
DIRECTOR2.00Yes (X)$0$0$0
ALEX KARNAL
DIRECTOR2.00Yes (X)$0$0$0
DANIEL KEIL
DIRECTOR (UNTIL FEBRUARY 2022)2.00Yes (X)$0$0$0
DAVID KETTNER
DIRECTOR2.00Yes (X)$0$0$0
SCOTT KOENIG
DIRECTOR2.00Yes (X)$0$0$0
SAMARTH KULKARNI
DIRECTOR2.00Yes (X)$0$0$0
JOSEPH J LAROSA
DIRECTOR2.00Yes (X)$0$0$0
CHRIS LEIBMAN
DIRECTOR2.00Yes (X)$0$0$0
JOHN LEPORE
DIRECTOR (UNTIL NOVEMBER 2022)2.00Yes (X)$0$0$0
SANDY MACRAE
DIRECTOR2.00Yes (X)$0$0$0
GAIL MADERIS
DIRECTOR2.00Yes (X)$0$0$0
AAMIR MALIK
DIRECTOR2.00Yes (X)$0$0$0
ANTHONY MANCINI
DIRECTOR2.00Yes (X)$0$0$0
JOHN MARAGANORE
DIRECTOR2.00Yes (X)$0$0$0
MAYA MARTINEZ-DAVIS
DIRECTOR2.00Yes (X)$0$0$0
SHARON MATES
DIRECTOR2.00Yes (X)$0$0$0
THOMAS P MATHERS
DIRECTOR2.00Yes (X)$0$0$0
JOHN MELO
DIRECTOR (UNTIL DECEMBER 2022)2.00Yes (X)$0$0$0
SHEILA ANN MIKHAIL
DIRECTOR2.00Yes (X)$0$0$0
BOB MORE
DIRECTOR (UNTIL JUNE 2022)2.00Yes (X)$0$0$0
ROCCO MORELLI
DIRECTOR2.00Yes (X)$0$0$0
MICHAEL M MORRISSEY
DIRECTOR2.00Yes (X)$0$0$0
MIKE NARACHI
DIRECTOR2.00Yes (X)$0$0$0
AMIR NASHAT
DIRECTOR2.00Yes (X)$0$0$0
WILLIAM J NEWELL
DIRECTOR2.00Yes (X)$0$0$0
ANDREW OBENSHAIN
DIRECTOR2.00Yes (X)$0$0$0
JANNIE OOSTHUIZEN
DIRECTOR2.00Yes (X)$0$0$0
JULIA OWENS
DIRECTOR2.00Yes (X)$0$0$0
JOHN V OYLER
DIRECTOR2.00Yes (X)$0$0$0
ADELENE Q PERKINS
DIRECTOR2.00Yes (X)$0$0$0
MARK PLATT
DIRECTOR (UNTIL NOVEMBER 2022)2.00Yes (X)$0$0$0
RICHARD POPS
DIRECTOR2.00Yes (X)$0$0$0
MARK PRUZANSKI
DIRECTOR2.00Yes (X)$0$0$0
SOFIE QIAO
DIRECTOR2.00Yes (X)$0$0$0
MIKE G RAAB
DIRECTOR2.00Yes (X)$0$0$0
ANNA RATH
DIRECTOR2.00Yes (X)$0$0$0
ELENA RICE
DIRECTOR2.00Yes (X)$0$0$0
HOWARD W ROBIN
DIRECTOR (UNTIL DECEMBER 2022)2.00Yes (X)$0$0$0
MICHAEL J RUGGIERO
DIRECTOR2.00Yes (X)$0$0$0
JAMES SAPIRSTEIN
DIRECTOR2.00Yes (X)$0$0$0
CHRISTOPHE SCHILLING
DIRECTOR2.00Yes (X)$0$0$0
CHRISTI SHAW
DIRECTOR2.00Yes (X)$0$0$0
JEFFREY SHERMAN
DIRECTOR2.00Yes (X)$0$0$0
BILL SIBOLD
DIRECTOR2.00Yes (X)$0$0$0
NANCY SIMONIAN
DIRECTOR2.00Yes (X)$0$0$0
DUANE J SIMPSON
DIRECTOR2.00Yes (X)$0$0$0
ELAINE K SORG
DIRECTOR2.00Yes (X)$0$0$0
EDDIE J SULLIVAN
DIRECTOR2.00Yes (X)$0$0$0
IAN THOMPSON
DIRECTOR2.00Yes (X)$0$0$0
LINDA TROLINDER
DIRECTOR2.00Yes (X)$0$0$0
MARK C TRUDEAU
DIRECTOR (UNTIL JULY 2022)2.00Yes (X)$0$0$0
OLIVER WALKER
DIRECTOR (UNTIL MARCH 2022)2.00Yes (X)$0$0$0
HENRIK WAREBORN
DIRECTOR (UNTIL NOVEMBER 2022)2.00Yes (X)$0$0$0
NEIL K WARMA
DIRECTOR2.00Yes (X)$0$0$0
FRANK WATANABE
DIRECTOR2.00Yes (X)$0$0$0
SCOTT WHITE
DIRECTOR2.00Yes (X)$0$0$0
RICK E WINNINGHAM
DIRECTOR2.00Yes (X)$0$0$0
ROGER WYSE
DIRECTOR2.00Yes (X)$0$0$0
JOHN YOUNG
DIRECTOR (UNTIL JANUARY 2022)2.00Yes (X)$0$0$0
MICHELLE MCMURRY-HEATH
PRESIDENT AND CEO (UNTIL NOV 2022)40.00Yes (X)$2,345,095$0$298,316
STEPHEN JASKO
CHIEF FINANCIAL OFFICER, EVP BUSINESS DEVELOPMENT40.00Yes (X)$658,466$0$66,647
RICHARD MASTERS
CHIEF PUBLIC AFFAIRS & MARKETING OFFICER40.00$748,964$0$79,248Yes (X)
NICHOLAS SHIPLEY
CHIEF ADVOCACY OFFICER40.00$747,313$0$71,539Yes (X)
ELIZABETH ESHAM
CHIEF SCIENCE OFFICER40.00$677,602$0$53,234Yes (X)
PETER MCHUGH
CHIEF LEGAL OFFICER40.00$610,444$0$81,585Yes (X)
JOSEPH DAMOND THRU JAN 2022
DEPUTY CHIEF POLICY OFFICER AND EVP IN'L AFFAIRS40.00$600,225$0$5,370Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,629,751TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$661,868TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K100IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ARENTFOX SCHIFF LLP
1717 K ST NWWASHINGTONDC200065344LEGAL SERVICES$677,194
THE SAMANTHA SAULT AGENCY LLC
2039 NEW HAMPSHIRE AVE NW SUITE 10WASHINGTONDC20009EDITORIAL SUPPORT$621,818
MARKSTEIN CONSULTING LLC
1801 5TH AVE NORTH SUITE 200BIRMINGHAMAL35203COMMUNICATIONS & MARKETING$596,081
M LLC
217 CHURCH STPHILADELPHIAPA19106CREATIVE STRATEGY DIRECTION$576,207
O'KEEFE COMMUNICATIONS LLC
2 BETHESDA METRO CENTER SUITE 310BETHESDAMD20814EVENT STAGING & LABOR$482,261
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K37CntrctRcvdGreaterThan100KCnt
All Other Contributions$874,632AllOtherContributionsAmt
Total Contributions$874,632TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
CONFERENCE / MEETING REVENUE541800$37,819,268$37,759,995$59,273
MEMBERSHIP DUES900003$36,288,173$36,288,173
SPECIAL INITIATIVES900003$2,609,145$2,609,145
CBI LOBBYING FUND900003$1,059,504$1,059,504
OTHER PROGRAM SERVICES900003$156,827$156,827
FieldValueIRS element (for citing)
Total Program Service Revenue$77,932,917TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,361,299TotalRevenueColumnAmt
Exclusion$1,361,299ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$20,939,661TotalRevenueColumnAmt
Exclusion$20,939,661ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$11,127,959SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$9,072,270SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$2,055,689SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,055,689TotalRevenueColumnAmt
Exclusion$2,055,689ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINSURANCE CLAIMS REVENUEDesc
Business524298BusinessCd
Total Revenue Column$20,977TotalRevenueColumnAmt
Exclusion$20,977ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$20,977OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$103,185,175TotalRevenueColumnAmt
Related Or Exempt Func Income$77,873,644RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$59,273UnrelatedBusinessRevenueAmt
Exclusion$24,377,626ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$711,285TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$7,291,621TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$20,702,321TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$45,118TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,748,622TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,699,436TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,326,410TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$107,163TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$5,629,204TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$51,879TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$7,356,092TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,536,484TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,175,449TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,760,018TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$4,883,154TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,433,368TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$11,945,360TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$8,509,408TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$724,072TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$273,185TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmt
DUES & SUBSCRIPTIONS$2,358,330
SPECIAL INITIATIVE EXPE$1,758,217
TAXES PAID$317,914

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$86,344,110TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$8,880,294BOYAmt
EOY$35,460,368EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,248,582BOYAmt
EOY$1,220,372EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,336,669BOYAmt
EOY$7,153,037EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,636,584BOYAmt
EOY$3,329,669EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$13,546,522LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,847,635LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$11,058,896BOYAmt
EOY$11,698,887EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$52,911,446BOYAmt
EOY$44,601,716EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$27,593,848BOYAmt
EOY$20,948,551EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$113,666,319BOYAmt
EOY$124,412,600EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,109,640BOYAmt
EOY$17,018,984EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$10,845,666BOYAmt
EOY$16,155,091EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$40,455,368BOYAmt
EOY$40,474,328EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$69,410,674BOYAmt
EOY$73,648,403EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$44,255,645BOYAmt
EOY$50,764,197EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$44,255,645BOYAmt
EOY$50,764,197EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$113,666,319BOYAmt
EOY$124,412,600EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$16,841,065ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$10,332,513NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior YearYes (1)AgreeCarryoverPriorYearInd
Dues Assessments$36,288,173DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$12,078,789NonDeductibleLbbyngPltclCYAmt
Non Ded Lbbyng Pltcl Cyov-$2,540,091NonDedLbbyngPltclCyovAmt
Non Deductible Lbbyng Pltcl Tot$9,538,698NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$12,700,860AggregateReportedDuesNtcAmt
Carried Over-$3,162,162CarriedOverAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,609,554OtherCostOrOtherBasisAmt
Depreciation$426,638DepreciationAmt
Book Value$9,182,916BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,662,532OtherCostOrOtherBasisAmt
Depreciation$146,561DepreciationAmt
Book Value$2,515,971BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,274,436OtherCostOrOtherBasisAmt
Depreciation$1,274,436DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$11,698,887TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescRIGHT OF USE ASSET - OPERATINGDesc
Book Value$20,948,551BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$20,948,551TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
LEASE LIABILITY - OPERATING$40,256,849
BIO-PAC$217,479
FieldValueIRS element (for citing)
Total Liability$40,474,328TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$92,800,783TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$10,332,513NetUnrealizedGainsInvstAmt
Revenue Not Reported-$10,332,513RevenueNotReportedAmt
Revenue Subtotal$103,133,296RevenueSubtotalAmt
Investment Expenses Not Incld$51,879InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$51,879RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$103,185,175TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$86,292,231TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$86,292,231ExpensesSubtotalAmt
Investment Expenses Not Incld2$51,879InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$51,879ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$86,344,110TotalExpensesPerForm990Amt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp

FieldValueIRS element (for citing)
RegionEUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUMRegionTxt
Offices0OfficesCnt
Employee0EmployeeCnt
Type Of Activities ConductedPROGRAM SERVICESTypeOfActivitiesConductedTxt
Specific Services ProvidedCONFERENCES, ADVOCACY AND EDUCATIONSpecificServicesProvidedTxt
Region Total Expenditures$26,115RegionTotalExpendituresAmt
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$26,115SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$26,115TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2:THERE WERE NO GRANTS OUTSIDE THE U.S. IN 2022. THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES FOR ACTIVITIES OUTSIDE OF THE U.S.
PART III ACCOUNTING METHOD:

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (35 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
ALLIANCE FOR AGING RESEARCH
1700 K STREET NW SUITE 740WASHINGTONDC20006541379174501(C)(3)$20,000$0SPONSORSHIP
AMERICAN CANCER SOCIETY CANCER ACTION NETWORK INC
555 11TH STREET SUITE 300WASHINGTONDC20004522340031501(C)(3)$25,000$0SPONSORSHIP
AUTOIMMUNE ASSOCIATION
19176 HALL RD SUITE 130CLINTON TWPMI48038383027574501(C)(3)$10,500$0SPONSORSHIP
BIOKANSAS
11005 W 60TH ST SUITE 310SHAWNEEKS66203200013564501(C)(3)$8,000$0SPONSORSHIP
BIONJ INC
1255 WHITEHORSE-MERCERVILLE RDTRENTONNJ08619223284393501(C)(6)$35,000$0SPONSORSHIPBUILDING B - SUITE 514
CALIFORNIA LIFE SCIENCES ASSOCIATION
9605 SCRANTON ROAD SUITE 120SAN DIEGOCA92121473226523501(C)(3)$18,000$0SPONSORSHIP
CENTER FOR FOOD INTEGRITY
2900 NE BROOKTREE LANE SUITE 200GLADSTONEMO64119204662713501(C)(4)$25,000$0SPONSORSHIP
COALITION OF SKIN DISEASES
4301 CONNECTICUT AVE NW SUITE 404WASHINGTONDC20008208948050501(C)(3)$7,500$0SPONSORSHIP
COLORADO BIOSCIENCE ASSOCIATION
600 GRANT STREET SUITE 306DENVERCO80203841363258501(C)(6)$6,000$0SPONSORSHIP
EPILEPSY FOUNDATION
3540 CRAIN HIGHWAY SUITE 675BOWIEMD20716520856660501(C)(3)$8,000$0SUPPORT
EVERYLIFE FOUNDATION FOR RARE DISEASES
1012 14TH ST NW SUITE 500WASHINGTONDC20005264614274501(C)(3)$25,000$0CONTRIBUTION
FRIENDS OF CANCER RESEARCH
1800 M ST NW SUITE 1050 SOUTH TOWERWASHINGTONDC20036521983273501(C)(3)$10,000$0SPONSORSHIP
GEORGE MASON UNIVERSITY FOUNDATION INC
4400 UNIVERSITY DRIVE MSN 1A3ARLINGTONVA22030541603842501(C)(3)$10,000$0DONATION
GEORGIA BIO
999 PEACHTREE AVE NEATLANTAGA303093996581849665501(C)(3)$10,850$0SPONSORSHIP
GLOBAL LIVER INSTITUTE INC
4323 WESTOVER PLACE NWWASHINGTONDC20016464687212501(C)(3)$7,500$0DONATION
HIV AND HEPATITIS POLICY INSTITUTE
1602B BELMONT ST NWWASHINGTONDC200096546844147678501(C)(3)$7,500$0SUPPORT
HM&C CENTER STAGE LLC
233 PENNSYLVANIA AVENUE SE SECONDWASHINGTONDC20003261582812501(C)(3)$10,000$0SPONSORSHIPFLOOR
IBIO
400 N ABERDEEN ST SUITE 900CHICAGOIL60642364225980501(C)(3)$15,000$0SPONSORSHIP
LIFE SCIENCE WASHINGTON
1551 EASTLAKE AVE E SUITE 300SEATTLEWA98102911453398501(C)(6)$7,500$0SUPPORT
LIFE SCIENCES PENNSYLVANIA
650 EAST SWEDESFORD RD SUITE 190WAYNEPA19087251621500501(C)(6)$11,010$0SPONSORSHIP
LUPUS FOUNDATION OF AMERICA INC
2121 K STREET NW SUITE 200WASHINGTONDC20037431131436501(C)(3)$7,500$0SPONSORSHIP
MARYLAND TECHNOLOGY COUNCIL INC
9841 WASHINGTONIAN BLVD SUITE 200GAITHERSBURGMD20878204950778501(C)(6)$11,250$0SUPPORT
MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC
700 TECHNOLOGY SQUARE 5TH FLOORCAMBRIDGEMA02139222693047501(C)(6)$7,500$0SPONSORSHIP
MONTANA BIOSCIENCE ALLIANCE
P O BOX 1773BILLINGSMT59106201647600501(C)(3)$7,500$0SUPPORT
NATIONAL HEALTH COUNCIL
1730 M STREET NW SUITE 500WASHINGTONDC200364561131624107501(C)(3)$70,000$0SPONSORSHIP
NEW YORK BIOTECHNOLOGY ASSOC
25 HEALTH SCIENCES DR SUITE 203STONY BROOKNY11790113026494501(C)(3)$12,500$0SPONSORSHIP
POPVOX FOUNDATION
541 WILEY PARKER ROADJACKSONTN38305861884678501(C)(3)$15,000$0SPONSORSHIP
PREVENT CANCER FOUNDATION
1600 DUKE ST SUITE 500ALEXANDRIAVA22314521429544501(C)(3)$6,500$0SPONSORSHIP
REPUBLICAN GOVERNORS ASSOCIATION
1747 PENNSYLVANIA AVE NW SUITE 250WASHINGTONDC20006113655877527$15,000$0SPONSORSHIP
SICK CELLS
4512 RIVER DRIVELISLEIL60532813481633501(C)(3)$10,000$0SPONSORSHIP
TEXAS HEALTHCARE & BIOSCIENCE
815 BRAZOS ST SUITE 310AUSTINTX78701760501034501(C)(6)$13,500$0SPONSORSHIP
THE BRIGHAM AND WOMEN'S HOSPITAL INC
75 FRANCIS ST MAIL CODE 300 FENWAYBOSTONMA02115042312909501(C)(3)$10,000$0SPONSORSHIPR
THE PLENARY CO
886A DE HARO STSAN FRANCISCOCA94107472796683501(C)(3)$10,000$0SUPPORT
WOMEN IN BIO INC
PO BOX 97900PITTSBURGHPA15227030458239501(C)(3)$15,000$0SPONSORSHIP
WOMEN OF COLOR IN PHARMA
PO BOX 6172SOMERSETNJ08875813871261501(C)(6)$10,000$0SPONSORSHIP
FieldValueIRS element (for citing)
Total501c3 Org25Total501c3OrgCnt
Total Other Org10TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationBIO RELIES ON THE REQUIRED QUALIFICATIONS OF THE GRANT RECIPIENTS TO PROVIDE ASSURANCE OF PROPER USAGE. IN SOME CASES, BIO PERSONNEL ATTEND EVENTS AND RECEIVE ACKNOWLEDGEMENTS RELATED TO THE FUNDS GRANTED.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MICHELLE MCMURRY-HEATH
PRESIDENT AND CEO (UNTIL NOV 2022)$1,267,245$0$1,075,000$0$2,850$0$265,497$0$32,819$0$2,643,411$0$0$0
RICHARD MASTERS
CHIEF PUBLIC AFFAIRS & MARKETING OFF$574,364$0$171,000$0$3,600$0$40,047$0$39,201$0$828,212$0$0$0
NICHOLAS SHIPLEY
CHIEF ADVOCACY OFFICER$568,713$0$175,000$0$3,600$0$34,963$0$36,576$0$818,852$0$0$0
ELIZABETH ESHAM
CHIEF SCIENCE OFFICER$530,002$0$144,000$0$3,600$0$38,335$0$14,899$0$730,836$0$0$0
STEPHEN JASKO
CHIEF FINANCIAL OFFICER, EVP BUSINES$519,866$0$135,000$0$3,600$0$40,047$0$26,600$0$725,113$0$0$0
PETER MCHUGH
CHIEF LEGAL OFFICER$471,844$0$135,000$0$3,600$0$40,047$0$41,538$0$692,029$0$0$0
JOSEPH DAMOND THRU JAN 2022
DEPUTY CHIEF POLICY OFFICER AND EVP$53,384$0$130,000$0$416,841$0$1,030$0$4,340$0$605,595$0$0$0
RACHEL K KING PRES CEO
EMERITUS BOARD MEM (SINCE NOV 2022)$240,892$0$0$0$750$0$0$0$5,929$0$247,571$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 1ATHE ORGANIZATION'S CEO WAS PERMITTED TO USE FIRST-CLASS FARES FOR BUSINESS TRAVEL PAID FOR BY THE ORGANIZATION. THE ORGANIZATION DID NOT TREAT FIRST-CLASS TRAVEL AS A TAXABLE FRINGE BENEFIT IN 2022.
PART I, LINES 4A-BTHE ORGANIZATION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN. UNDER THE TERMS OF THE PLAN, THE PARTICIPANTS ARE ENTITLED TO BENEFITS IF THEY REMAIN EMPLOYED BY THE ORGANIZATION UNTIL A PREDETERMINED TIME. THE PLAN IS INTENDED TO BE A NONQUALIFIED, UNFUNDED PROGRAM FOR THE BENEFIT OF A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES OF BIO WITHIN THE MEANING OF ERISA. THE FOLLOWING CONTRIBUTIONS WERE MADE TO THE NONQUALIFIED DEFERRED COMPENSATION PLAN DURING 2022: MICHELLE MCMURRY-HEATH: $225,000 JOSEPH DAMOND RECEIVED A ONE-TIME SEVERANCE PAYMENT OF $416,541 UPON SEPARATION FROM SERVICE DURING THE TAX YEAR.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE BOARD OF DIRECTORS SHALL DESIGNATE BY RESOLUTION AND WITH A QUORUM PRESENT, NOT MORE THAN TWENTY-THREE (23) DIRECTORS OF THE BOARD TO ACT AS AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE SEVEN (7) ELECTED OFFICERS OF THE ORGANIZATION; THE IMMEDIATE PAST CHAIR OF THE ORGANIZATION; THE VICE CHAIRS OF EACH SECTION'S GOVERNING BOARD; AND THE BALANCE BEING AT-LARGE DIRECTORS FROM THE FULL BOARD. IF THE IMMEDIATE PAST CHAIR IS NO LONGER ELIGIBLE TO SERVE ON THE FULL BOARD, AN ADDITIONAL AT-LARGE DIRECTOR FROM THE FULL BOARD SHALL BE SELECTED FOR THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE, AND BE AUTHORIZED TO EXERCISE, ALL POWERS OF THE FULL BOARD, EXCEPT: (A) THE POWER TO ELECT OR REMOVE ELECTED OFFICERS OR DIRECTORS, TO CHANGE THE SIZE OF THE BOARD, TO CHANGE ELIGIBILITY, QUALIFICATIONS OR RIGHTS OF MEMBERSHIP, OR TO MAKE DETERMINATIONS AS TO DIRECTOR AND OFFICER COMPENSATION, WHERE APPLICABLE; AND (B) THE POWER TO AMEND THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE ORGANIZATION.
FORM 990, PART VI, SECTION A, LINE 2BOARD MEMBERS BRUCE COZADD AND RICHARD WINNINGHAM HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION A, LINE 6THE MEMBERS OF THE ORGANIZATION SHALL BE DIVIDED INTO FOUR CLASSES; CORE MEMBERS, ASSOCIATE MEMBERS, AFFILIATE MEMBERS, AND CENTER MEMBERS, DEFINED AS FOLLOWS: (A) CORE MEMBERS: ANY CORPORATION, PARTNERSHIP, ASSOCIATION, OR OTHER ENTITY ORGANIZED FOR PROFIT, A SUBSTANTIAL PERCENTAGE OF WHOSE BUSINESS ACTIVITIES INVOLVE BIOTECHNOLOGY, GENOMICS, BIOINFORMATICS OR RELATED NEW TECHNOLOGIES, IS ELIGIBLE FOR MEMBERSHIP. CORE MEMBERS ARE THOSE ENTITIES THAT UTILIZE BIOTECHNOLOGY, GENOMICS, BIOINFORMATICS OR OTHER RELATED NEW TECHNOLOGIES IN RESEARCH, DEVELOPMENT, TESTING, MANUFACTURING, OR SALES OF PRODUCT OR INFORMATION, AS WELL AS OTHER FIRMS THE BOARD SO CHARACTERIZES AND PLACES IN THIS CATEGORY. CORE MEMBERS SHALL BE GROUPED IN THE FOLLOWING SUBCATEGORIES: (I) EMERGING COMPANIES, WHICH ARE FIRMS THAT EMPLOY LESS THAN 350 PERSONS AND THAT DO NOT HAVE A THERAPEUTIC OR DIAGNOSTIC PRODUCT APPROVED FOR SALE IN THE U.S. MARKET; (II) ESTABLISHED FIRMS, WHICH ARE THOSE FIRMS THAT EMPLOY 350 OR MORE PERSONS OR THAT HAVE A THERAPEUTIC OR DIAGNOSTIC PRODUCT APPROVED FOR SALE IN THE U.S. MARKET; AND (III) LARGE FIRMS, WHICH ARE ESTABLISHED FIRMS THAT HAVE ANNUAL WORLDWIDE SALES OF BIOTECHNOLOGY PRODUCTS IN EXCESS OF $1.5 BILLION; AND (IV) NON-DOMESTIC COMPANIES, WHICH ARE CORE MEMBERS WITHOUT SIGNIFICANT OPERATIONS IN THE UNITED STATES OR SIGNIFICANT COLLABORATIONS WITH A U.S. ENTITY. (B) ASSOCIATE MEMBERS: ANY CORPORATION, PARTNERSHIP, ASSOCIATION, OR OTHER ENTITY ORGANIZED FOR PROFIT, A SUBSTANTIAL PORTION OF WHOSE ACTIVITIES INVOLVE PROVIDING SERVICES OR PRODUCTS OF BENEFIT TO COMPANIES WHOSE PRINCIPAL BUSINESS IS BIOTECHNOLOGY, IS ELIGIBLE FOR ASSOCIATE MEMBERSHIP. ASSOCIATE MEMBERS ARE THOSE COMMERCIAL ENTITIES WHICH DO NOT NECESSARILY UTILIZE BIOTECHNOLOGY; E.G. TECHNICAL SUPPORT, EQUIPMENT, CONSTRUCTION, ACCOUNTING, AND LAW FIRMS THAT SERVICE THE BIOTECHNOLOGY INDUSTRY, AS WELL AS OTHER FIRMS THAT THE BOARD CHARACTERIZES AND PLACES IN THIS CATEGORY. (C) AFFILIATE MEMBERS: ANY GOVERNMENTAL OR NONPROFIT ENTITY OR COUNTRY, STATE OR REGIONAL INDUSTRY, TRADE OR PROFESSIONAL ASSOCIATION WITH AN INTEREST IN, OR A MANDATE TO PROMOTE THE DEVELOPMENT OF, BIOTECHNOLOGY IS ELIGIBLE FOR AFFILIATE MEMBERSHIP. THERE SHALL BE NO SIZE TESTS APPLIED TO AFFILIATE MEMBER APPLICANTS. (D) CENTER MEMBERS: ANY INSTITUTION, NOT GENERALLY ELIGIBLE FOR CORE MEMBERSHIP THAT IS SPONSORED BY A STATE, REGION, OR ACADEMIC INSTITUTION AND WORKS IN SUPPORT OF COMMERCIAL BIOTECHNOLOGY MAY BE ELIGIBLE FOR CONSIDERATION AS A CENTER MEMBER.
FORM 990, PART VI, SECTION A, LINE 7AAT ALL MEMBERSHIP MEETINGS OF THE ORGANIZATION, EACH CURRENT MEMBER SHALL HAVE ONE (1) VOTE AND MAY TAKE PART IN THE VOTING IN PERSON OR BY PROXY. FOR EACH SECTION IN WHICH THE MEMBER PARTICIPATES, EACH MEMBER SHALL HAVE THE RIGHT TO VOTE ON THE ELECTION OF DIRECTORS FOR THE SECTION GOVERNING BOARD, BUT SHALL HAVE NO OTHER VOTING RIGHTS EXCEPT ON MATTERS BROUGHT TO THE MEMBERSHIP BY ANY SUCH GOVERNING BOARD OR THE ORGANIZATION'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 AND RELATED SCHEDULES ARE PREPARED BY THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS WITH INFORMATION PROVIDED BY AND UNDER THE GUIDANCE OF THE CHIEF FINANCIAL OFFICER (CFO). THE CFO AND THE CONTROLLER THOROUGHLY REVIEW ALL CALCULATIONS AND SCHEDULES TO CONFIRM THEY REFLECT THE ACTUAL FINANCIAL RESULTS OF THE ORGANIZATION. THE COMPLETE FORM 990 IS THEN REVIEWED INTERNALLY BY THE CFO, AND CONTROLLER IN CONSULTATION WITH LEGAL COUNSEL AND, AS APPROPRIATE, FURTHER CONSULTATION WITH THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS. ALL REVIEWS ARE COMPLETED BEFORE THE FORM IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CBIOTECHNOLOGY INNOVATION ORGANIZATION (BIO) TAKES SEVERAL STEPS TO ADDRESS COMPLIANCE BY KEY EMPLOYEES, OFFICERS AND DIRECTORS WITH ITS CONFLICTS OF INTEREST POLICY. BIO TRAINS ALL NEW EMPLOYEES AND DIRECTORS ON VARIOUS ASPECTS OF BIO'S COMPLIANCE PROGRAM, INCLUDING CONFLICTS OF INTEREST, AND BIO'S WRITTEN CONFLICTS OF INTEREST POLICY REQUIRES ALL EMPLOYEES TO DISCLOSE ANY OUTSIDE PERSONAL BUSINESS INTERESTS TO THEIR SUPERVISOR. BIO'S GENERAL COUNSEL REGULARLY ADVISES BIO'S EXECUTIVES AND SUPERVISORS ON SUCH MATTERS. BIO ALSO CONTRACTS WITH AN INDEPENDENT ORGANIZATION TO PROVIDE EMPLOYEES AND OTHERS WITH THE ABILITY TO FILE ANONYMOUS REPORTS CONCERNING THE VIOLATION OF ANY LAWS OR BIO POLICIES, INCLUDING ALLEGATIONS OF POTENTIAL CONFLICTS OF INTEREST, AND BIO HAS A PROCESS IN PLACE TO FOLLOW UP ON ANY SUCH COMPLAINTS IN A TIMELY AND THOROUGH MANNER. FURTHER, BIO UNDERTAKES A QUESTIONNAIRE SENT TO EACH DIRECTOR ON ITS BOARD OF DIRECTORS SEEKING DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTERESTS THEY MAY HAVE, OR THEIR FAMILY MEMBERS MAY HAVE, ASSOCIATED WITH BUSINESSES OR ORGANIZATIONS THAT DO BUSINESS WITH BIO. POTENTIAL CONFLICTS ARE MONITORED AND REVIEWED AT THE MANAGEMENT AND SENIOR MANAGEMENT LEVEL OF THE ORGANIZATION, AND DEPENDING ON THE CONFLICT, DETERMINATIONS MAY BE MADE AT THE BOARD OR SENIOR MANAGEMENT LEVEL. A CONFLICT AT THE BOARD LEVEL WILL NORMALLY RESULT IN RECUSAL OF THE INDIVIDUAL FROM PARTICIPATION OR ACTIVITIES WITH RESPECT TO THE RELEVANT SUBJECT MATTER. AT THE STAFF LEVEL, THE APPLICABLE BIO SUPERVISOR IS INFORMED OF THE POTENTIAL CONFLICT AND IS REQUIRED TO TAKE ALL APPROPRIATE STEPS TO ENSURE THAT THE INDIVIDUAL DOES NOT PARTICIPATE IN, OR RECEIVE CONFIDENTIAL INFORMATION RELATING TO, ANY BIO ACTIVITY RELATED TO THE SUBJECT MATTER OF THE CONFLICT, UP TO AND INCLUDING, WHERE APPROPRIATE, TERMINATION OF SUCH EMPLOYEE.
FORM 990, PART VI, SECTION B, LINE 15FOR 2022, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER (CEO) OF BIO (BIOTECHNOLOGY INNOVATION ORGANIZATION 52-1224577) WAS COMPENSATED PER THE TERMS OF A MULTI-YEAR CONTRACT THAT WAS DETERMINED WITH INDEPENDENT REVIEW, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION, AS INDICATED IN PRIOR FORM 990 SUBMISSIONS. IN ADDITION, BASED ON THE EXECUTIVE COMMITTEE'S EVALUATION OF THE PRESIDENT AND CEO'S PERFORMANCE FOR 2022, THE COMMITTEE DETERMINED THE APPROPRIATE AMOUNT FOR THE DISCRETIONARY COMPONENT OF COMPENSATION FOR THAT YEAR, IN ACCORDANCE WITH THE RELEVANT PROVISION OF THE EXECUTIVE AGREEMENT. WHEN DETERMINING THE COMPENSATION OF THE BIO PRESIDENT & CEO, BIO HAS USED AN EXPERT OUTSIDE CONSULTANT TO BENCHMARK COMPENSATION. COMPENSATION OFTEN INCLUDES MORE THAN JUST SALARY AND BONUS, AND TO THIS END, BIO USES AN EXPERT OUTSIDE LEGAL COUNSEL WHO HAS EXTENSIVE EXPERIENCE IN NEGOTIATING THE TERMS OF CONTRACTS FOR THE PRESIDENT & CEO OF TRADE ASSOCIATIONS IN DC OF SIMILAR SIZE TO BIO. DECISIONS REGARDING THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION ARE NEGOTIATED INDIVIDUALLY AND ARE PERFORMANCE-BASED, IN ACCORDANCE WITH AN ANNUAL WRITTEN EVALUATION PROCESS THAT HAS BEEN ESTABLISHED FOR ALL EMPLOYEES OF THE ORGANIZATION. AN INDEPENDENT CONSULTANT PROVIDES COMPARATIVE BENCHMARKING SERVICES FOR SENIOR MANAGEMENT POSITIONS, AND OTHER INFORMATION ON COMPENSATION ISSUES, TRENDS, POLICIES, AND BEST PRACTICES FOR USE BY THE ORGANIZATION. THE ORGANIZATION ALSO HAS AN ESTABLISHED COMPENSATION POLICY FOR ALL OF ITS EMPLOYEES, WHICH SETS FORTH THE GENERAL PARAMETERS GOVERNING BIO'S COMPENSATION PRACTICES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART VII, SECTION A, LINE 1:MICHELLE MCMURRY-HEATH STEPPED DOWN AS PRESIDENT AND CEO IN OCTOBER OF 2022. AT THAT TIME, SHE TRANSITIONED FROM CEO TO A NON-OFFICER EMPLOYEE PROVIDING CONSULTING TO THE BOARD UNTIL FEBRUARY OF 2023.