2021-05-17T19:10:56-05:00 2020-06-30 341912961 COHEN & COMPANY LTD OFFICES LISTED AT WWWCOHENCPACOM OH 44115 990 2019-07-01 341947257 BIOENTERPRISE CORPORATION BIOE 2166583999 11000 CEDAR AVENUE CLEVELAND OH 44106 MARK CHANCE TREASURER 2166583999 2021-05-17 1 CATHLEEN S LORENZ P00063640 8002291099 2021-05-17 2019 2022-09-23 18:48:47Z PAMELA DAVIS 11000 CEDAR AVENUE CLEVELAND OH 44106 3833224 0 X WWW.BIOENTERPRISE.COM X 2000 OH TO FOSTER ECONOMIC DEVELOPMENT AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH. 9 9 53 0 0 0 2856006 1180025 2152533 2352807 1300 300306 158289 86 5168128 3833224 0 0 0 0 3527469 4401929 0 0 0 2923418 2788684 6450887 7190613 -1282759 -3357389 6338782 3292122 728647 1039376 5610135 2252746 X BIOENTERPRISE IS A BUSINESS FORMATION, RECRUITMENT, AND ACCELERATION INITIATIVE DESIGNED TO FOSTER ECONOMIC DEVELOPMENT AND TO GROW HEALTH CARE COMPANIES, AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH. 0 1 2873439 948461 ENTREPRENEUR ASSISTANCE: BIOENTERPRISE IS A BUSINESS FORMATION, RECRUITMENT AND ACCELERATION NONPROFIT DESIGNED TO GROW HEALTHCARE COMPANIES AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES IN NORTHEAST OHIO IN SUCH SECTORS AS MEDICAL DEVICES, BIOPHARMACEUTICAL AND HEALTHCARE SOFTWARE AND SERVICES/HEALTH IT FIRMS. EACH YEAR, BIOENTERPRISE FOCUSES ON A SELECT NUMBER OF COMPANIES AND EMPLOYS BIOENTERPRISE AND PARTNER RESOURCES TO HELP THOSE COMPANIES ACHIEVE GREATER LEVELS OF BUSINESS SUCCESS. THE ORGANIZATION'S MISSION IS TO HELP STIMULATE ECONOMIC DEVELOPMENT IN A STRUGGLING NORTHEAST OHIO ECONOMY, COMMERCIALIZE NEW LIFE-ENHANCING HEALTHCARE TECHNOLOGIES, CREATE JOBS AND GROW A PIPELINE OF TALENT THAT NORTHEAST OHIO'S BUSINESSES NEED TO BE SUCCESSFUL. 915892 645329 BIOSCIENCE INCUBATOR: BIOENTERPRISE HAS A 44,000 SQUARE FOOT INCUBATOR DESIGNED TO PROVIDE LOW-COST FACILITIES AND SERVICES FOR BIOMEDICAL ENTREPRENEURS AND START-UP COMPANIES. THE INCUBATOR HAS WET LABS, DRY LABS, OFFICE SPACE AND MEETING ROOMS FOR PHARMACEUTICAL, MEDICAL DEVICE AND DIAGNOSTIC INFORMATION TECHNOLOGY TENANTS AND REGIONAL BIOSCIENCE AND COMMUNITY MEETINGS. THE INCUBATOR ALSO HAS A SPECIAL EQUIPMENT ROOM WITH EQUIPMENT THAT WOULD NORMALLY BE UNAVAILABLE TO THE START-UP COMPANIES. 911911 827 BIOSCIENCE COMMUNITY: BIOSCIENCE COMMUNITY BUILDING POSITIONS THE REGION TO ATTRACT BIOSCIENCE ENTREPRENEURS, COMPANIES AND INVESTMENT, AND TO SPUR REAL ESTATE DEVELOPMENT AND URBAN REVITALIZATION.BIOENTERPRISE ORGANIZES A VARIETY OF EVENTS TARGETED AT BIOSCIENCE ENTREPRENEURS, COMPANIES AND INVESTORS IN ORDER TO PROMOTE THE REGION'S ASSETS AND TO EDUCATE THE COMMUNITY ABOUT AVAILABLE RESOURCES. PAST EVENTS HAVE INCLUDED NETWORKING EVENTS, WORKSHOPS AND PANEL DISCUSSIONS ON SUCH TOPICS AS ACCESSING STATE, FEDERAL AND PRIVATE FUNDING, UNDERSTANDING REGULATORY AND REIMBURSEMENT ISSUES, DEVELOPING NEW BIOPHARMA PRODUCTS AND ACCESSING TALENT. 399897 7753 COMPANY ATTRACTION: BIOENTERPRISE WORKS CLOSELY WITH REGIONAL ECONOMIC DEVELOPMENT PARTNERS TO ATTRACT, RETAIN AND EXPAND BIOMEDICAL COMPANIES IN NORTHEAST OHIO, WITH A FOCUS ON MEDICAL IMAGING, ORTHOPEDIC, CARDIOVASCULAR, NEUROSTIMULATION AND HEALTH IT SECTORS. BIOENTERPRISE PROVIDES BIOMEDICAL STARTUPS AND SMALL BUSINESSES WITH EDUCATION AND TRAINING ON HOW TO APPLY FOR NIH, DOD AND NSF GRANTS AND CONTRACTS SOURCES, AS WELL AS HOW TO ATTRACT SEED, ANGEL, VENTURE AND PRIVATE EQUITY CAPITAL. THE ORGANIZATION ALSO HELPS COMPANIES ACCESS STATE AND LOCAL ASSISTANCE THROUGH THE OHIO DEVELOPMENT SERVICES AGENCY, JOBS OHIO, OHIO THIRD FRONTIER AND OTHER RESOURCE ORGANIZATIONS.IN ADDITION, BIOENTERPRISE PROVIDES LEADERSHIP FOR HIT IN THE CLE, A COLLABORATIVE OF PARTNERS WORKING TO EDUCATE YOUNG PEOPLE ON POTENTIAL CAREER PATHS IN HEALTH IT. THIS INITIATIVE CONVENES AN ANNUAL DATA SCIENCE COMPETITION FOR HIGH SCHOOLERS, HOSTS LOW-INCOME STUDENTS FOR COMPUTER SCIENCE INSTRUCTION AND CREATES MENTORING OPPORTUNITIES WITH REGIONAL HEALTH IT COMPANIES.BIOENTERPRISE IS ALSO A PARTNER TO THE CLEVELAND HEALTH TECH CORRIDOR, A PRIME LOCATION FOR BIOMEDICAL, HEALTHCARE AND TECHNOLOGY COMPANIES LOOKING TO TAKE ADVANTAGE OF CLOSE PROXIMITY TO FOUR WORLD-CLASS HEALTHCARE INSTITUTIONS INCLUDING THE CLEVELAND CLINIC AND UNIVERSITY HOSPITALS, MULTIPLE BUSINESS INCUBATORS AND ACADEMIC CENTERS, AND MORE THAN 100 HIGH-TECH COMPANIES ENGAGED IN THE BUSINESS OF INNOVATION. WITH CONTINUED FUNDING FROM PRIVATE HEALTH CARE AND RESEARCH INSTITUTIONS, FOUNDATIONS, THE STATE OF OHIO AND OTHER GRANTS, THESE SERVICES WILL CONTINUE TO BE PROVIDED FOR FREE TO ENTREPRENEURS. 842900 750523 GLOBAL CENTER FOR HEALTH INNOVATION: BIOENTERPRISE PROVIDES STRATEGIC LEADERSHIP OF THIS 200,000-SQUARE-FOOT COLLABORATIVE VENUE AND WORKSPACE FOR BIO HEALTH INDUSTRY PARTNERS, ENTREPRENEURS AND INVESTORS. THE GLOBAL CENTER DRAWS THOUSANDS FROM AROUND THE WORLD EVERY YEAR FOR EVENTS, CONFERENCES AND COMPETITIONS, AND SERVES AS A HUB FOR BIOMEDICAL INNOVATION AND ECONOMIC DEVELOPMENT. 1242797 758276 5944039 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 1 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X UEHLINGER TABLACK CPAS 2164381040 5755 GRANGER RD SUITE 340 INDEPENDENCE OH 44131 PAMELA DAVIS BOARD CHAIR 1.00 X X 0 0 0 ARAM NERPOUNI PRESIDENT & CEO UNTIL 5/20 60.00 X X 318330 0 25324 MARK R CHANCE TREASURER 1.00 X X 0 0 0 JOHN MCGUIRE SECRETARY 1.00 X X 0 0 0 A RAY DALTON TRUSTEE 1.00 X 0 0 0 AARON PITTS TRUSTEE 1.00 X 0 0 0 AKRAM BOUTROS TRUSTEE UNTIL 2/21 1.00 X 0 0 0 BRUCE E ROBERTS TRUSTEE 1.00 X 0 0 0 DAVID A CAMIENER TRUSTEE 1.00 X 0 0 0 DAVID SYLVAN TRUSTEE 1.00 X 0 0 0 ERIC BECK TRUSTEE 1.00 X 0 0 0 MARTY FELSENTHAL TRUSTEE UNTIL 7/19 1.00 X 0 0 0 PETE O' NEIL TRUSTEE UNTIL 11/19 1.00 X 0 0 0 SEMIH SEN TRUSTEE UNTIL 2/20 1.00 X 0 0 0 BRAD WHITEHEAD TRUSTEE OBSERVER 1.00 X 0 0 0 RONALD RICHARD TRUSTEE OBSERVER 1.00 X 0 0 0 JOSEPH JANKOWASKI TRUSTEE OBSERVER 1.00 X 0 0 0 KIM BERGER CFO UNTIL 4/2020 60.00 X 164101 0 10269 VIJAY IYER VICE PRESIDENT, BD UNTIL 10/19 45.00 X 190052 0 25130 JAMES F WEISMAN VP, HEALTHCARE IT 45.00 X 167295 0 12970 839778 0 73693 4 0 1 0 CASE WESTERN RESERVE UNIVERSITY 10900 EUCLID AVENUE CLEVELAND OH 44106 ANNUAL MAINTENANCE CHARGE FOR INCUBATOR 546724 SMG AGENT FOR CLEVELAND CONVENTION CENTE 1 ST CLAIR AVE NE CLEVELAND OH 44114 WORKING FUND FOR RENT, UTILITIES, CLEANI 189216 WAVE STRATEGY LLC 2851 LITCHFIELD ROAD SHAKER HEIGHTS OH 44120 NEEMA MAYHUGH CONSULTING WORK 173755 3 780025 400000 1180025 CLIENT SERVICES 541900 1707478 1707478 INCUBATOR REVENUE 532000 645329 645329 2352807 300306 300306 MISCELLANEOUS 900099 86 86 86 3833224 2352893 0 300306 687702 618929 68773 2865667 2517557 348110 170800 147901 22899 427028 371772 55256 250732 218716 32016 440306 440306 692294 34615 657679 24550 24257 293 66174 66174 77025 77025 98031 85911 12120 95345 83997 11348 220427 220427 24905 24905 22951 22951 274913 241677 33236 38869 34025 4844 INCUBATOR EXPENSE 590480 590480 PROGRAM AND EVENTS 96641 96641 BUSINESS DEVELOPMENT 25773 25773 7190613 5944039 1246574 0 350904 150248 800319 625 1422211 333571 693859 0 52928 55140 7372687 4620149 3018561 2752538 6338782 3292122 646196 340162 37412 63614 635600 45039 0 728647 1039376 X 4950135 2252746 660000 0 5610135 2252746 6338782 3292122 -3357389 0 X X 0 0 0 X 3278600 3343379 3834254 2856006 1180025 14492264 3278600 3343379 3834254 2856006 1180025 14492264 221357 14270907 5972 4329 1760 1300 300306 313667 138425 286 79146 158289 86 376232 15182163 7793942 0.94000 0.95510 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2015 AMOUNT: $ 138,425. 2016 AMOUNT: $ 286. 2019 AMOUNT: $ 86. MANAGEMENT FEE INCOME - 2017 AMOUNT: $ 79,146. 2018 AMOUNT: $ 158,289. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66174 66174 5877865 5944039 447202 111801 0 0 399235 423015 447592 447202 1717044 2575566 43246 45473 62530 66174 217423 99809 105754 111898 111801 429262 643893 2823440 1094083 1729357 3510338 2605346 904992 1038909 920720 118189 2752538 X X X X 1 0 0 0 0 0 0 0 0 ARAM NERPOUNI PRESIDENT & CEO UNTIL 5/20 318330 0 0 0 0 0 19000 0 6324 0 343654 0 0 0 KIM BERGER CFO UNTIL 4/2020 164101 0 0 0 0 0 6403 0 3866 0 174370 0 0 0 VIJAY IYER VICE PRESIDENT, BD UNTIL 10/19 190052 0 0 0 0 0 20833 0 4297 0 215182 0 0 0 JAMES F WEISMAN VP, HEALTHCARE IT 167295 0 0 0 0 0 0 0 12970 0 180265 0 0 0 PART I, LINE 4A DURING THE FISCAL YEAR, THE ORGANIZATION AWARDED $26,122 AND $27,215 IN SEVERANCE PAY TO VIJAY IYER AND JAMES WEISMAN, RESPECTIVELY. FORM 990, PART III, LINE 3 DUE TO THE CHANGES IN FINANCIAL, STAFFING AND OTHER ISSUES, ACCOUNTS RECEIVABLE WERE INDETERMINANT AT JUNE 30, 2020 AND ARE CARRIED AT -0-. ANY UPDATE TO THESE AMOUNTS WILL BE ADJUSTED WHEN AVAILABLE. IN ADDITION, BIOENTERPRISE HAS REDUCED ITS OPERATIONS SIGNIFICANTLY. AT THE END OF MAY 2020, THEY ELIMINATED MOST POSITIONS AND THREE OF FOUR PROGRAM OFFERINGS WERE DISCONTINUED . MANAGEMENT IS REVIEWING OPTIONS REGARDING THE CONTINUING OPERATIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 BIOENTERPRISE HAS 4 NAMED MEMBERS IN ITS CODE OF REGULATIONS; CASE WESTERN RESERVE UNIVERSITY (CWRU), CLEVELAND CLINIC FOUNDATION (CFF), UNIVERSITY HOSPITALS HEALTH SYSTEMS (UHHS), AND THE METROHEALTH FOUNDATION (MHF). FORM 990, PART VI, SECTION A, LINE 7A CWRU, CCF, UHHS AND MHF HAVE FULL POWER OF GOVERNANCE OVER THE AFFAIRS OF THE CORPORATION AND SHALL EXERCISE THE RIGHTS AND PRIVILEGES. MEMBERS DELEGATE TO THE BOARD OF DIRECTORS THE AUTHORITY AND DUTY TO OVERSEE AND GOVERN THE AFFAIRS OF THE CORPORATION. ANY MATTERS THAT CANNOT BE VOTED ON BY THE BOARD OF DIRECTORS WILL BE BROUGHT TO THE MEMBERS FOR UNANIMOUS APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE OF THE BIOENTERPRISE BOARD OF DIRECTORS REVIEWS FORM 990 AND REPORTS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C TWO VICE PRESIDENTS MONITOR THE CONFLICT OF INTEREST STATEMENTS FROM BOARD MEMBERS AND EMPLOYEES; NOTED CONFLICTS ARE REVIEWED ALSO BY LEGAL COUNSEL AND THE BOARD'S FINANCE AND AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 REVIEWS COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT AND SUBSTANTIATION ON COMPENSATION FOR CEO AND KEY EMPLOYEES, AND IT IS DOCUMENTED. THEN, THE COMPENSATION IS SENT TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGES HAVE OCCURRED IN THE PROCESS FROM THE PRIOR YEAR. BIOENTERPRISE MANAGEMENT CORPORATION 11000 CEDAR AVE CLEVELAND OH 44106 270291510 MANAGEMENT COMPANY OH N/A C 308151 2660208 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0