Virginia Biotechnology Association

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

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

“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.”

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

“The national association conducts salary surveys of all state biotechnology associations ceo's compensation. This survey was shared with the executive committee which reviewed the information and approved the ceo's compensation, as set forth in the written employment contract with the ceo in place. The final budget, which includes the ceo's compensation as set by the employment contract, is approved by the entire board annually.”

“Another's website is guidestar.”

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

“In january 2020, virginia bio hosted the virginia reception at the jpmorgan healthcare conference at the clift hotel in san francisco. This event hosted virginia industry leaders, emerging fast-growth companies, innovative technology creators, members of the investment community and virginia research universities doing cutting edge research. We also provided meeting space for members during the conference.”

“In prior periods, the accounting method box was checked "cash". The actual method used was a combination of cash and accrual. This year, the accounitng method box is marked "other and described as internal books. The method used to preare the return did not change.”