Civic Intelligence

Bioforward Inc

990 • Fiscal year 2018 • EIN 39-1605083

Apr 01, 2017 to Mar 31, 2018 • Filed on Feb 08, 2019

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

86th percentile

0.48x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.33x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

76th percentile

12%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

89th percentile

33%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

33%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$594,996

Up $146,672 (+33%) from 2017

Net Assets

Up

$308,735

Up $108,465 (+54%) from 2017

Liabilities

Up

$286,261

Up $38,207 (+15%) from 2017

Revenue

Up

$875,370

Up $217,820 (+33%) from 2017

Expenses

Up

$766,905

Up $132,469 (+21%) from 2017

Net Income

Up

$108,465

Up $85,351 (+369%) from 2017

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

2018

Assets$594,996
Liabilities$286,261
Net Assets$308,735

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

2018

Revenue$875,370
Expenses$766,905
Net Income$108,465
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Feb 8, 2019
Return Version
2017v2.3
Gross Receipts
$875,370
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
Savings and Temporary Cash Investments$105,414$340,984▲ $235,570
Accounts Receivable$288,403$212,110▼ $76,293
Cash and Non-Interest-Bearing Accounts$32,274$22,635▼ $9,639
Land, Buildings, and Equipment, Net$5,712$12,139▲ $6,427
Intangible Assets$10,008$5,016▼ $4,992
Prepaid Expenses and Deferred Charges$6,513$2,112▼ $4,401
Total Assets$448,324$594,996▲ $146,672
Liabilities
Deferred Revenue$199,317$222,950▲ $23,633
Accounts Payable and Accrued Expenses$48,737$63,311▲ $14,574
Total Liabilities$248,054$286,261▲ $38,207
Net Assets / Fund Balance
Unrestricted Net Assets$200,270$308,735▲ $108,465
Total Net Assets Fund Balance$200,270$308,735▲ $108,465
Total Liabilities and Net Assets / Fund Balance$448,324$594,996▲ $146,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,139$9,286-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa JohnsonCEOFT$156,514$32,502$189,016

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$270,375
Program Service Revenue
$604,351
Investment Income
$644
Other Revenue
$0
Change in Net Assets
$108,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$444,024
Other Expenses$322,881
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$398,646--$398,646
Conferences and Meetings$156,713--$156,713
Fees for Services Legal$60,000--$60,000
Payroll Taxes$30,419--$30,419
Advertising$22,345--$22,345
Occupancy$18,845--$18,845
Travel$18,012--$18,012
Other Employee Benefits$14,959--$14,959
Fees for Services Accounting$10,711--$10,711
Insurance$5,215--$5,215
Office Expenses$4,675--$4,675
Other Expenses$2,665--$2,665
Depreciation Depletion$2,354--$2,354
Information Technology$132--$132
Total Functional Expenses$766,905$0$0$766,905
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$186,417
Current Year Nondeductible Lobbying and Political Cost$60,000
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
2019-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Johnson
Formed
1995
Legal Domicile
Wi
Voting Board Members
17
Independent Board Members
17
Employees
5
Volunteers
17

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/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014959
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014959
IRS990/OtherExpensesGrp/Desc0TELECOMMUNICATIONS
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3CREDIT CARD/BANK SERVIC
IRS990/OtherExpensesGrp/ProgramServicesAmt08749
IRS990/OtherExpensesGrp/ProgramServicesAmt17200
IRS990/OtherExpensesGrp/ProgramServicesAmt25265
IRS990/OtherExpensesGrp/ProgramServicesAmt32665
IRS990/OtherExpensesGrp/TotalAmt08749
IRS990/OtherExpensesGrp/TotalAmt17200
IRS990/OtherExpensesGrp/TotalAmt25265
IRS990/OtherExpensesGrp/TotalAmt32665
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0398646
IRS990/OtherSalariesAndWagesGrp/TotalAmt0398646
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt030419
IRS990/PayrollTaxesGrp/TotalAmt030419
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06513
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02112
IRS990/PrincipalOfficerNm0LISA JOHNSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/Desc0OTHER SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1ANNUAL WISCONSIN BIOSC
IRS990/ProgramServiceRevenueGrp/Desc2ANNUAL BIO 2017 CONFER
IRS990/ProgramServiceRevenueGrp/Desc3ANNUAL HIMSS18 CONFERE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0361436
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1127560
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt293045
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322310
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0361436
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1127560
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt293045
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt322310
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/ExpenseAmt055800
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0127560
IRS990/ProgSrvcAccomActy3Grp/Desc0ANNUAL HIMSS 2018 BIOTECH CONFERENCE. SCHOLARSHIPS FOR THE CONFERENCE PROVIDED WISCONSIN-BASED COMPANIES THE CHANCE TO ESTABLISH NEW RELATIONSHIPS WITH VENDORS, CUSTOMERS AND STRATEGIC PARTNERS, AS WELL AS INDUSTRY NEWS AND INFORMATION TO MEMBERS.EXPENSES REFLECT ONLY DIRECT PROGRAM EXPENSES AND NOT INDIRECT COSTS, INCLUDING STAFF ALLOCATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt016775
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt022310
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0617969
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0361436
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0253600
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-173
IRS990/PYOtherExpensesAmt0242576
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0404123
IRS990/PYRevenuesLessExpensesAmt023114
IRS990/PYSalariesCompEmpBnftPaidAmt0391860
IRS990/PYTotalExpensesAmt0634436
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0657550
IRS990/ReconcilationRevenueExpnssAmt0108465
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt093045
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0105414
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0340984
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AggregateReportedDuesNtcAmt040556
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/CarriedOverAmt0145861
IRS990ScheduleC/DuesAssessmentsAmt0270375
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt0126417
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt060000
IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt0186417
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt012139
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09286
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt021425
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012139
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0156514
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount015725
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LISA JOHNSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0189016
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/TotalAssetsBOYAmt0448324
IRS990/TotalAssetsEOYAmt0594996
IRS990/TotalAssetsGrp/BOYAmt0448324
IRS990/TotalAssetsGrp/EOYAmt0594996
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0270375
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2018Detailed filing. Detailed filing data is available for this year.$0.59$0.29$0.31$0.88$0.77$0.11
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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