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 april 2022, virginia biotechnology association hosted the bi-annual thrive conference at the hotel roanoke, in roanoke, va. Over 200 people attended the daylong event that brought together the leading researchers from biomedical research universities and health systems, entrepreneurs, startups and emerging bioscience companies from the state. This conference highlighted the many accomplishments and the significant players of the last three years and was organized in partnership with roanoke-blacksburg technology council (rbtc), regional accelerator and mentoring program (ramp) and valleys innovation council (vic), as well as fralin biomedical research institute, carilion clinic, and vtc ventures.”

“The accounting method used is a combination of cash and accrual. This year, the accounting method box is marked "other and described as internal books. The method used to prepare the return did not change from last year.”