Civic Intelligence

Bioforward Inc

990 • Fiscal year 2017 • EIN 39-1605083

Apr 01, 2016 to Mar 31, 2017 • Filed on Jan 13, 2018

214 N Hamilton St No 202Madison, WI 53703

(608) 236-4693

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.55x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.38x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

49th percentile

3.5%

Higher net margin than 49% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

64th percentile

10%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-18%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$448,324

Up $41,255 (+10%) from 2016

Net Assets

Up

$200,270

Up $23,114 (+13%) from 2016

Liabilities

Up

$248,054

Up $18,141 (+7.9%) from 2016

Revenue

Down

$657,550

Down $140,168 (-18%) from 2016

Expenses

Down

$634,436

Down $42,879 (-6.3%) from 2016

Net Income

Down

$23,114

Down $97,289 (-81%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2012: $129,664Liabilities 2012: $184,477Net Assets 2012: -$54,8132012Assets 2013: $245,263Liabilities 2013: $217,499Net Assets 2013: $27,7642013Assets 2014: $263,696Liabilities 2014: $197,126Net Assets 2014: $66,5702014Assets 2015: $223,107Liabilities 2015: $166,354Net Assets 2015: $56,7532015Assets 2016: $407,069Liabilities 2016: $229,913Net Assets 2016: $177,1562016Assets 2017: $448,324Liabilities 2017: $248,054Net Assets 2017: $200,2702017Assets 2018: $594,996Liabilities 2018: $286,261Net Assets 2018: $308,7352018Assets 2019: $758,965Liabilities 2019: $362,019Net Assets 2019: $396,9462019Assets 2020: $969,826Liabilities 2020: $435,906Net Assets 2020: $533,9202020Assets 2021: $1,331,546Liabilities 2021: $447,569Net Assets 2021: $883,9772021Assets 2022: $1,687,714Liabilities 2022: $540,373Net Assets 2022: $1,147,3412022Assets 2023: $1,770,090Liabilities 2023: $534,231Net Assets 2023: $1,235,8592023Assets 2024: $1,832,500Liabilities 2024: $741,377Net Assets 2024: $1,091,1232024Assets 2025: $1,860,106Liabilities 2025: $764,732Net Assets 2025: $1,095,3742025

Highlighted filing

2017

Assets$448,324
Liabilities$248,054
Net Assets$200,270

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $621,3532012Revenue 2013: $580,162Expenses 2013: $497,585Net Income 2013: $82,5772013Revenue 2014: $607,509Expenses 2014: $568,447Net Income 2014: $39,0622014Revenue 2015: $550,273Expenses 2015: $560,623Net Income 2015: -$10,3502015Revenue 2016: $797,718Expenses 2016: $677,315Net Income 2016: $120,4032016Revenue 2017: $657,550Expenses 2017: $634,436Net Income 2017: $23,1142017Revenue 2018: $875,370Expenses 2018: $766,905Net Income 2018: $108,4652018Revenue 2019: $909,954Expenses 2019: $821,743Net Income 2019: $88,2112019Revenue 2020: $1,222,832Expenses 2020: $1,085,858Net Income 2020: $136,9742020Revenue 2021: $1,337,559Expenses 2021: $987,502Net Income 2021: $350,0572021Revenue 2022: $1,412,017Expenses 2022: $1,148,653Net Income 2022: $263,3642022Revenue 2023: $1,476,872Expenses 2023: $1,388,354Net Income 2023: $88,5182023Revenue 2024: $1,435,103Expenses 2024: $1,579,839Net Income 2024: -$144,7362024Revenue 2025: $2,109,580Expenses 2025: $2,105,329Net Income 2025: $4,2512025

Highlighted filing

2017

Revenue$657,550
Expenses$634,436
Net Income$23,114
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jan 13, 2018
Return Version
2016v3.0
Gross Receipts
$658,130
Mission and Program Overview

Mission

To promote the growth of biohealth industries in wisconsin through services, programs, publications and conferences.

To promote the growth of biohealth industries in wisconsin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$190,744$288,403▲ $97,659
Savings and Temporary Cash Investments$150,032$105,414▼ $44,618
Cash and Non-Interest-Bearing Accounts$40,075$32,274▼ $7,801
Intangible Assets$15,000$10,008▼ $4,992
Prepaid Expenses and Deferred Charges$7,972$6,513▼ $1,459
Land, Buildings, and Equipment, Net$3,246$5,712▲ $2,466
Total Assets$407,069$448,324▲ $41,255
Liabilities
Deferred Revenue$209,916$199,317▼ $10,599
Accounts Payable and Accrued Expenses$19,997$48,737▲ $28,740
Total Liabilities$229,913$248,054▲ $18,141
Net Assets / Fund Balance
Unrestricted Net Assets$177,156$200,270▲ $23,114
Total Net Assets Fund Balance$177,156$200,270▲ $23,114
Total Liabilities and Net Assets / Fund Balance$407,069$448,324▲ $41,255

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,712$6,932-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa JohnsonCEOFT$166,523$31,000$197,523

Board Members and Trustees

NameTitle
Nicholas ParisChair
Dave Walrousdirector
Emily Bauerdirector
Gary Fringsdirector
James DiasDirector
Jay Hill Jrdirector
Joseph Hammerdirector
Kaz HiraoDIrector
Kevin Lynchdirector
Mark Gehringdirector
Matthew AndersonDirector
Pam christensondirector
Randy SpauldingDirector
Kalpa VithalaniSecretary
Ross GulottaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$253,600
Program Service Revenue
$404,123
Investment Income
$-173
Other Revenue
$0
Change in Net Assets
$23,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$391,860
Other Expenses$242,576
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$360,759--$360,759
Conferences and Meetings$83,011--$83,011
Fees for Services Legal$61,050--$61,050
Advertising$27,378--$27,378
Payroll Taxes$26,523--$26,523
Occupancy$17,220--$17,220
Travel$13,512--$13,512
Fees for Services Accounting$9,648--$9,648
Office Expenses$5,065--$5,065
Other Employee Benefits$4,578--$4,578
Insurance$3,698--$3,698
Depreciation Depletion$1,556--$1,556
Other Expenses$1,321--$1,321
All Other Expenses$1,190--$1,190
Information Technology$148--$148
Total Functional Expenses$634,436$0$0$634,436
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$164,457
Current Year Nondeductible Lobbying and Political Cost$61,050
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The finance committee reviewed and signed the company's Form 990.

Form 990, Part VI, Section B, line 12C

The Conflict of Interest policy is reviewed and signed by all board members at the March board meeting held every year. This is documented in the board minutes.

Form 990, Part VI, Section B, line 15

The organization uses a compensation committee to research competitive compensation amounts and the determined compensation is approved by the board.

Form 990, Part VI, Section C, line 19

The company provides these documents to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bioforward Inc
EIN
39-1605083
Phone
6082364693
Address
214 N Hamilton St No 202, Madison, WI 53703

Signing Officer

Name
Lisa Johnson
Title
CEO
Phone
6082364693
Signed
2018-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Johnson
Formed
1995
Legal Domicile
Wi
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
15

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
PO Box 7398, Madison, WI 53707-7398
Preparer
James E Rose CPA
Phone
6082496622
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IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt07820
IRS990/OtherExpensesGrp/ProgramServicesAmt16100
IRS990/OtherExpensesGrp/ProgramServicesAmt23859
IRS990/OtherExpensesGrp/ProgramServicesAmt31321
IRS990/OtherExpensesGrp/TotalAmt07820
IRS990/OtherExpensesGrp/TotalAmt16100
IRS990/OtherExpensesGrp/TotalAmt23859
IRS990/OtherExpensesGrp/TotalAmt31321
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0360759
IRS990/OtherSalariesAndWagesGrp/TotalAmt0360759
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt026523
IRS990/PayrollTaxesGrp/TotalAmt026523
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07972
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06513
IRS990/PrincipalOfficerNm0Lisa Johnson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2424000
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/Desc0Other sponsorships
IRS990/ProgramServiceRevenueGrp/Desc1annual Wisconsin Biosc
IRS990/ProgramServiceRevenueGrp/Desc2Annual HIMSS 2017 Biot
IRS990/ProgramServiceRevenueGrp/Desc3General Program Member
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0233474
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1139100
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt218474
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0233474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1139100
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt218474
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313075
IRS990/ProgSrvcAccomActy2Grp/Desc0Annual Wisconsin Bioscience Summit Conference. This event provides information and networking opportunities in the area of biotechnology.Expenses reflect only direct program expenses and not indirect costs, including staff allocation.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt068905
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0139100
IRS990/ProgSrvcAccomActy3Grp/Desc0GENERAL PROGRAM MEMBER MEETINGS. EVENTS THROUGHOUT THE YEAR PROVIDE INFORMATION AND EDUCATION IN THE AREA OF BIOTECHNOLOGY. Expenses reflect only direct program expenses and not indirect costs, including staff allocation.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt03902
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt013075
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0551425
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0233474
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0376559
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0304
IRS990/PYOtherExpensesAmt0389919
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0420855
IRS990/PYRevenuesLessExpensesAmt0120403
IRS990/PYSalariesCompEmpBnftPaidAmt0287396
IRS990/PYTotalExpensesAmt0677315
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0797718
IRS990/ReconcilationRevenueExpnssAmt023114
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt018474
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0150032
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0105414
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AggregateReportedDuesNtcAmt038040
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/CarriedOverAmt0126417
IRS990ScheduleC/DuesAssessmentsAmt0253600
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt0103407
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt061050
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt0164457
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05712
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06932
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt012644
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05712
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0166523
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Lisa Johnson
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0197523
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ALL COMPENSATION DECISIONS FOR KEY POSITIONS APPROVED BY BOARD
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The finance committee reviewed and signed the company's Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Conflict of Interest policy is reviewed and signed by all board members at the March board meeting held every year. This is documented in the board minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization uses a compensation committee to research competitive compensation amounts and the determined compensation is approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The company provides these documents to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0407069
IRS990/TotalAssetsEOYAmt0448324
IRS990/TotalAssetsGrp/BOYAmt0407069
IRS990/TotalAssetsGrp/EOYAmt0448324
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0253600
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.86$0.76$1.10$2.11$2.11$0.00
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$0.74$1.09$1.44$1.58$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.53$1.24$1.48$1.39$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$0.54$1.15$1.41$1.15$0.26
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.33$0.45$0.88$1.34$0.99$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$0.44$0.53$1.22$1.09$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.36$0.40$0.91$0.82$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.29$0.31$0.88$0.77$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.25$0.20$0.66$0.63$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.41$0.23$0.18$0.80$0.68$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.17$0.06$0.55$0.56$0.01
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.20$0.07$0.61$0.57$0.04
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.25$0.22$0.03$0.58$0.50$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.18$0.05$0.62