Civic Intelligence

Virginia Biotechnology Association

990 • Fiscal year 2017 • EIN 54-1644709

Jul 01, 2016 to Jun 30, 2017 • Filed on May 08, 2018

Organization Profilewww.vabio.org

View Organization Page

800 E Leigh StreetRichmond, VA 23219

(804) 643-6360

Siviq Scores

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

Liabilities / Assets

50th percentile

0.08x

Higher debt load relative to assets than 50% of similar nonprofits.

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

Liabilities / Revenue

51st percentile

0.07x

Higher debt load relative to revenue than 51% of similar nonprofits.

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

Net Margin

56th percentile

5.7%

Higher net margin than 56% of similar nonprofits.

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

Top Officer Pay

86th percentile

$144,375

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

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

Asset Growth

53rd percentile

5.7%

Faster asset growth than 53% of similar nonprofits.

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

Revenue Growth

80th percentile

17%

Faster revenue growth than 80% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$575,509

Up $31,081 (+5.7%) from 2016

Net Assets

Up

$532,332

Up $36,898 (+7.4%) from 2016

Liabilities

Down

$43,177

Down $5,817 (-12%) from 2016

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin56th percentile

Revenue

Up

$651,877

Up $92,760 (+17%) from 2016

Expenses

Down

$614,979

Down $1,965 (-0.3%) from 2016

Net Income

Up

$36,898

Up $94,725 (+164%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$800K$600K$400K$200K$0Assets 2012: $532,745Liabilities 2012: $9,666Net Assets 2012: $523,0792012Assets 2013: $490,179Liabilities 2013: $40,815Net Assets 2013: $449,3642013Assets 2014: $565,429Liabilities 2014: $46,010Net Assets 2014: $519,4192014Assets 2015: $601,796Liabilities 2015: $48,535Net Assets 2015: $553,2612015Assets 2016: $544,428Liabilities 2016: $48,994Net Assets 2016: $495,4342016Assets 2017: $575,509Liabilities 2017: $43,177Net Assets 2017: $532,3322017Assets 2018: $580,919Liabilities 2018: $47,588Net Assets 2018: $533,3312018Assets 2019: $662,434Liabilities 2019: $64,916Net Assets 2019: $597,5182019Assets 2020: $637,958Liabilities 2020: $56,536Net Assets 2020: $581,4222020Assets 2021: $791,688Liabilities 2021: $154,376Net Assets 2021: $637,3122021Assets 2022: $591,880Liabilities 2022: $174,585Net Assets 2022: $417,2952022Assets 2023: $509,496Liabilities 2023: $80,020Net Assets 2023: $429,4762023Assets 2024: $463,381Liabilities 2024: $224,397Net Assets 2024: $238,9842024

Highlighted filing

2017

Assets$575,509
Liabilities$43,177
Net Assets$532,332
Open 2017 Filing

Operations Trend

Revenue Growth80th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2012: $476,4882012Expenses 2013: $602,0742013Revenue 2014: $482,828Expenses 2014: $412,773Net Income 2014: $70,0552014Revenue 2015: $609,164Expenses 2015: $575,322Net Income 2015: $33,8422015Revenue 2016: $559,117Expenses 2016: $616,944Net Income 2016: -$57,8272016Revenue 2017: $651,877Expenses 2017: $614,979Net Income 2017: $36,8982017Revenue 2018: $668,347Expenses 2018: $667,348Net Income 2018: $9992018Revenue 2019: $877,989Expenses 2019: $813,802Net Income 2019: $64,1872019Revenue 2020: $709,257Expenses 2020: $725,352Net Income 2020: -$16,0952020Revenue 2021: $690,493Expenses 2021: $634,603Net Income 2021: $55,8902021Revenue 2022: $728,390Expenses 2022: $948,407Net Income 2022: -$220,0172022Revenue 2023: $1,198,368Expenses 2023: $1,186,187Net Income 2023: $12,1812023Revenue 2024: $1,359,495Expenses 2024: $1,440,202Net Income 2024: -$80,7072024

Highlighted filing

2017

Revenue$651,877
Expenses$614,979
Net Income$36,898
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$651,877
Mission and Program Overview

Mission

To promote the biotechnology and biomedical industry in virginia and to expand the knowledge and expertise of virginia's businesses concerning biotech/biomed, to enhance public awareness and understanding of the science and the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$495,434$532,332▲ $36,898
Investments Other Securities$268,987$299,710▲ $30,723
Savings and Temporary Cash Investments$200,923$203,485▲ $2,562
Cash and Non-Interest-Bearing Accounts$74,518$72,314▼ $2,204
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$544,428$575,509▲ $31,081
Liabilities
Other Liabilities$48,994$43,177▼ $5,817
Total Liabilities$48,994$43,177▼ $5,817
Net Assets / Fund Balance
Total Net Assets Fund Balance$495,434$532,332▲ $36,898
Total Liabilities and Net Assets / Fund Balance$544,428$575,509▲ $31,081

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$299,710--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeff GallagherChief Executive OfficerFT$144,375$144,375

Board Members and Trustees

NameTitle
Crystal IcenhourChairman
Jim PowersChairman, Foundation
Jeff ConroyImmediate Past Chairman
Andrew J KrouseVice Chair
Alex EulerDirector
Amrie GrammerDirector
Brian PollokDirector
Carl Sahidirector
Christopher Penetdirector
Cynthia Rancourtdirector
Elaine Horn-ranneydirector
Jason WalshDirector
John Niederhuberdirector
Julie IdelkopeDirector
Michael GrishamDirector
Mickey KimDirector
Mike InnesDirector
Rony ThomasDirector
Ross DunlapDirector
Tom FrantzDirector
Warren MartinDIREctor
William B StilleyDirector
ALAN ConnorSecretary
Carrie RothTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$605,690
Investment Income
$20,489
Other Revenue
$25,698
Change in Net Assets
$36,898
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$321,969
Other Expenses$293,010
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$270,512
Other Employee Benefits---$31,810
Travel---$20,076
Payroll Taxes---$19,647
Office Expenses---$16,502
All Other Expenses---$11,811
Other Expenses---$10,000
Occupancy---$7,264
Fees for Services Accounting---$3,600
Insurance---$2,755
Total Functional Expenses$0$0$0$614,979
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
bonus payable$40,073
payroll liabilities$3,104
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
No
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 A, line 6

“The organization has members, both voting and nonvoting.”

Form 990, Part VI, Section A, line 7A

“The governing body is elected by voting members of the organization.”

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

“A copy of the Form 990 is provided to the board of directors for review prior to filing with the IRS. The Form 990 is also reviewed by the finance manager, the treasurer and the CEO and approved by the CEO.”

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

“The written policy is provided to all board members who complete and sign an acknowledgment each year.”

Form 990, Part VI, Section B, line 15A

“The national association conducts salary surveys of all state biotechnology associations CEO's compensation. This survey was shared with the executive committee which reviews the information and approves the CEO's compensation. The final budget, which includes the CEO's compensation is approved by the entire board.”

Form 990, Part VI, Section C, line 18

“Another's website is Guidestar.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Biotechnology Association
EIN
54-1644709
Phone
8046436360
Address
800 E Leigh Street, Richmond, VA 23219

Signing Officer

Name
Jeffrey Gallagher
Title
CEO
Phone
8046436360
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Gallagher
Formed
1992
Legal Domicile
Va
Voting Board Members
24
Independent Board Members
24
Employees
6
Volunteers
1

Preparer

Firm
Piascik
Address
4470 Cox Road Suite 250, Glen Allen, VA 23060
Preparer
Ryan Losi CPA
Phone
8045271815
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“In September 2016, Virginia Bio hosted the inaugural Women Building Bio Conference at the Inova Center for Personalized Health. Over 225 people attended the day long event, led by Virginia women designed to create new and productive collaborations among leading women and men in research and industry in Virginia and the region.”

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IRS990/Form990PartVIISectionAGrp/PersonNm1Jeff Conroy
IRS990/Form990PartVIISectionAGrp/PersonNm2Carl Sahi
IRS990/Form990PartVIISectionAGrp/PersonNm3Cynthia Rancourt
IRS990/Form990PartVIISectionAGrp/PersonNm4Mike Innes
IRS990/Form990PartVIISectionAGrp/PersonNm5Andrew J Krouse
IRS990/Form990PartVIISectionAGrp/PersonNm6ALAN Connor
IRS990/Form990PartVIISectionAGrp/PersonNm7William B Stilley
IRS990/Form990PartVIISectionAGrp/PersonNm8ELAINE HORN-RANNEY
IRS990/Form990PartVIISectionAGrp/PersonNm9Alex Euler
IRS990/Form990PartVIISectionAGrp/PersonNm10Jim Powers
IRS990/Form990PartVIISectionAGrp/PersonNm11Jason Walsh
IRS990/Form990PartVIISectionAGrp/PersonNm12Crystal Icenhour
IRS990/Form990PartVIISectionAGrp/PersonNm13Brian Pollok
IRS990/Form990PartVIISectionAGrp/PersonNm14CARRIE ROTH
IRS990/Form990PartVIISectionAGrp/PersonNm15Warren Martin
IRS990/Form990PartVIISectionAGrp/PersonNm16John Niederhuber
IRS990/Form990PartVIISectionAGrp/PersonNm17Christopher Penet
IRS990/Form990PartVIISectionAGrp/PersonNm18Ross Dunlap
IRS990/Form990PartVIISectionAGrp/PersonNm19Tom Frantz
IRS990/Form990PartVIISectionAGrp/PersonNm20Amrie Grammer
IRS990/Form990PartVIISectionAGrp/PersonNm21Julie Idelkope
IRS990/Form990PartVIISectionAGrp/PersonNm22Mickey Kim
IRS990/Form990PartVIISectionAGrp/PersonNm23Rony Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm24Jeff Gallagher
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Immediate Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2director
IRS990/Form990PartVIISectionAGrp/TitleTxt3director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Chairman, Foundation
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIREctor
IRS990/Form990PartVIISectionAGrp/TitleTxt16director
IRS990/Form990PartVIISectionAGrp/TitleTxt17director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Chief Executive Officer
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01992
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0651877
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt02755
IRS990/InvestmentIncomeGrp/ExclusionAmt020489
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020489
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0268987
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0299710
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt010800
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt010800
IRS990/MissionDesc0TO PROMOTE THE BIOTECHNOLOGY AND BIOMEDICAL INDUSTRY IN VIRGINIA AND TO EXPAND THE KNOWLEDGE AND EXPERTISE OF VIRGINIA'S BUSINESSES CONCERNING BIOTECH/BIOMED, TO ENHANCE PUBLIC AWARENESS AND UNDERSTANDING OF THE SCIENCE AND THE INDUSTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0495434
IRS990/NetAssetsOrFundBalancesEOYAmt0532332
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt07264
IRS990/OfficeExpensesGrp/TotalAmt016502
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031810
IRS990/OtherExpensesGrp/Desc0network events and supp
IRS990/OtherExpensesGrp/Desc1supplies
IRS990/OtherExpensesGrp/Desc2software
IRS990/OtherExpensesGrp/Desc3in-kind expenses
IRS990/OtherExpensesGrp/TotalAmt0162538
IRS990/OtherExpensesGrp/TotalAmt140142
IRS990/OtherExpensesGrp/TotalAmt218322
IRS990/OtherExpensesGrp/TotalAmt310000
IRS990/OtherLiabilitiesGrp/BOYAmt048994
IRS990/OtherLiabilitiesGrp/EOYAmt043177
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Unrealized gain/loss
IRS990/OtherRevenueMiscGrp/ExclusionAmt014898
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014898
IRS990/OtherRevenueTotalAmt025698
IRS990/OtherSalariesAndWagesGrp/TotalAmt0270512
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt019647
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Jeffrey Gallagher
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Sponsorships
IRS990/ProgramServiceRevenueGrp/Desc1Membership dues
IRS990/ProgramServiceRevenueGrp/Desc2Networking events
IRS990/ProgramServiceRevenueGrp/Desc3Biopurchasing
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0267928
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1174375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2118061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt345326
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0267928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1174375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2118061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt345326
IRS990/ProgSrvcAccomActy2Grp/Desc0In January 2017, Virginia Bio hosted a hospitality suite and networking reception for life science companies and investors from Virginia and investors from across the nation in San Francisco during the JP Morgan Healthcare Conference. More than 200 people attend this reception.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt040086
IRS990/ProgSrvcAccomActy3Grp/Desc0In September 2016, Virginia Bio hosted the inaugural Women Building Bio Conference at the Inova Center for Personalized Health. Over 225 people attended the day long event, led by Virginia women designed to create new and productive collaborations among leading women and men in research and industry in Virginia and the region.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt032509
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
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IRS990/PYInvestmentIncomeAmt016136
IRS990/PYOtherExpensesAmt0296358
IRS990/PYOtherRevenueAmt030453
IRS990/PYProgramServiceRevenueAmt0512528
IRS990/PYRevenuesLessExpensesAmt0-57827
IRS990/PYSalariesCompEmpBnftPaidAmt0320586
IRS990/PYTotalExpensesAmt0616944
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0559117
IRS990/ReconcilationRevenueExpnssAmt036898
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0495434
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0532332
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0200923
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0203485
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/DuesAssessmentsAmt0174375
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt140073
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0payroll liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1bonus payable
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0299710
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Mutual Funds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0299710
IRS990ScheduleD/TotalLiabilityAmt043177
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In September 2016, Virginia Bio hosted the inaugural Women Building Bio Conference at the Inova Center for Personalized Health. Over 225 people attended the day long event, led by Virginia women designed to create new and productive collaborations among leading women and men in research and industry in Virginia and the region.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has members, both voting and nonvoting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing body is elected by voting members of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the Form 990 is provided to the board of directors for review prior to filing with the IRS. The Form 990 is also reviewed by the finance manager, the treasurer and the CEO and approved by the CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The written policy is provided to all board members who complete and sign an acknowledgment each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The national association conducts salary surveys of all state biotechnology associations CEO's compensation. This survey was shared with the executive committee which reviews the information and approves the CEO's compensation. The final budget, which includes the CEO's compensation is approved by the entire board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Another's website is Guidestar.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, line 19

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$575,509
Liabilities
$43,177
Net assets
$532,332
Revenue
$651,877
Expenses
$614,979
Net income
$36,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.22$0.24$1.36$1.44$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.08$0.43$1.20$1.19$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.17$0.42$0.73$0.95$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.15$0.64$0.69$0.63$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.06$0.58$0.71$0.73$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.66$0.06$0.60$0.88$0.81$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.05$0.53$0.67$0.67$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.04$0.53$0.65$0.61$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.05$0.50$0.56$0.62$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.05$0.55$0.61$0.58$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.57$0.05$0.52$0.48$0.41$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.04$0.45$0.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.52$0.48
Peer Organizations

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