Civic Intelligence

Bioflorida Inc

990 • Fiscal year 2019 • EIN 59-3436638

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization ProfileWWW.BIOFLORIDA.COM
6742 Forest Hill Blvd No 256West Palm Beach, FL 33413

(561) 653-3839

Siviq Scores

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

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

20th percentile

0.02x

Higher debt load relative to revenue than 20% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

88th percentile

22%

Higher net margin than 88% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

84th percentile

$263,453

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 21.7% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

86th percentile

23%

Faster asset growth than 86% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

9.4%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets21st percentile

Assets

Flat

$1,291,902

Flat from 2019

Net Assets

Flat

$1,270,311

Flat from 2019

Liabilities

Flat

$21,591

Flat from 2019

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin88th percentile

Revenue

Flat

$1,212,071

Flat from 2019

Expenses

Flat

$946,946

Flat from 2019

Net Income

Flat

$265,125

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $117,887Liabilities 2010: $104,193Net Assets 2010: $13,6942010Assets 2011: $190,370Liabilities 2011: $122,563Net Assets 2011: $67,8072011Assets 2012: $200,550Liabilities 2012: $135,222Net Assets 2012: $65,3282012Assets 2013: $118,742Liabilities 2013: $10,183Net Assets 2013: $108,5592013Assets 2014: $203,305Liabilities 2014: $6,943Net Assets 2014: $196,3622014Assets 2015: $372,203Liabilities 2015: $11,267Net Assets 2015: $360,9362015Assets 2016: $647,295Liabilities 2016: $124,228Net Assets 2016: $523,0672016Assets 2017: $833,940Liabilities 2017: $62,750Net Assets 2017: $771,1902017Assets 2018: $1,049,596Liabilities 2018: $44,410Net Assets 2018: $1,005,1862018Assets 2019: $1,291,902Liabilities 2019: $21,591Net Assets 2019: $1,270,3112019Assets 2019: $1,291,902Liabilities 2019: $21,591Net Assets 2019: $1,270,3112019Assets 2020: $1,501,100Liabilities 2020: $11,274Net Assets 2020: $1,489,8262020Assets 2021: $2,140,997Liabilities 2021: $31,254Net Assets 2021: $2,109,7432021Assets 2022: $2,908,507Liabilities 2022: $60,041Net Assets 2022: $2,848,4662022Assets 2023: $3,107,205Liabilities 2023: $77,438Net Assets 2023: $3,029,7672023Assets 2024: $2,956,197Liabilities 2024: $153,324Net Assets 2024: $2,802,8732024

Highlighted filing

2019

Assets$1,291,902
Liabilities$21,591
Net Assets$1,270,311
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $783,7722010Expenses 2011: $730,6942011Expenses 2012: $819,1602012Revenue 2013: $899,237Expenses 2013: $856,006Net Income 2013: $43,2312013Revenue 2014: $965,639Expenses 2014: $877,836Net Income 2014: $87,8032014Revenue 2015: $981,224Expenses 2015: $816,650Net Income 2015: $164,5742015Revenue 2016: $1,045,411Expenses 2016: $883,280Net Income 2016: $162,1312016Revenue 2017: $1,084,615Expenses 2017: $836,492Net Income 2017: $248,1232017Revenue 2018: $1,108,045Expenses 2018: $874,049Net Income 2018: $233,9962018Revenue 2019: $1,212,071Expenses 2019: $946,946Net Income 2019: $265,1252019Revenue 2019: $1,212,071Expenses 2019: $946,946Net Income 2019: $265,1252019Revenue 2020: $1,007,557Expenses 2020: $788,042Net Income 2020: $219,5152020Revenue 2021: $1,741,155Expenses 2021: $1,121,238Net Income 2021: $619,9172021Revenue 2022: $2,198,151Expenses 2022: $1,459,428Net Income 2022: $738,7232022Revenue 2023: $1,885,745Expenses 2023: $1,706,594Net Income 2023: $179,1512023Revenue 2024: $2,022,103Expenses 2024: $2,204,654Net Income 2024: -$182,5512024

Highlighted filing

2019

Revenue$1,212,071
Expenses$946,946
Net Income$265,125
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,212,071
Mission and Program Overview

Mission

Bioflorida is the voice of floridas life sciences industry, representing nearly 5,500 establishments and research organizations in the biotechnology, pharmaceuticals, medical devices/diagnostics and bioagriculture sectors that collectively employ nearly 80,000 floridians.

Bioflorida is the voice of florida's life sciences industry, representing 6,200 establishments and research organizations in the biotechnology, pharmaceuticals, medical devices/diagnostics and bio-agriculture sectors that collectively employ 87,000 floridians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$903,023$1,080,999▲ $177,976
Cash and Non-Interest-Bearing Accounts$41,851$111,949▲ $70,098
Accounts Receivable$103,840$96,844▼ $6,996
Land, Buildings, and Equipment, Net$834$2,110▲ $1,276
Prepaid Expenses and Deferred Charges$48--
Total Assets$1,049,596$1,291,902▲ $242,306
Liabilities
Accounts Payable and Accrued Expenses$33,010$19,091▼ $13,919
Deferred Revenue$11,400$2,500▼ $8,900
Total Liabilities$44,410$21,591▼ $22,819
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,005,186$1,270,311▲ $265,125
Total Net Assets Fund Balance$1,005,186$1,270,311▲ $265,125
Total Liabilities and Net Assets / Fund Balance$1,049,596$1,291,902▲ $242,306

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,110$4,301$6,411
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy K BryanPresident and CEOFT$198,617$64,836$263,453

Board Members and Trustees

NameTitle
Juan Carlos VarelaChairman
Rob HerzogVice-chair
Antonio J FerreiraDirector
Arthur LevineDirector
Brian DornDirector
Charles BruceDirector
Claudia ZylberbergDirector
David DayDirector
Doug CrumbDirector
Douglas CalderDirector
Emily GreshamDirector
Glenn LadwigDirector
Holly Bates SnowDirector
JIM O'CONNELLDirector
Jarett RiegerDirector
John EngelsDirector
Julie Watson LampleyDirector
Karen MooreDirector
Lee EvansDirector
Mark StrongDirector
Michael ParedesDirector
Norma Sue KenyonDirector
Peter KhouryDirector
Quang PhamDirector
Raquel RodriguezDirector
Robert FinizioDirector
Steve ParkinsonDirector
Sue WasherDirector
Svetlana ShtromDirector
Tim VanderhoofDirector
Valerie McdevittDirector
Les CrolandLegal Counsel
Gregory NelsonSecretary
Philip C PiserTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,209,819
Investment Income
$2,252
Other Revenue
$0
Change in Net Assets
$265,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$543,539
Other Expenses$403,407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$264,836
Other Salaries and Wages---$200,248
Other Employee Benefits---$45,084
Fees for Services Legal---$43,381
Payroll Taxes---$26,704
Office Expenses---$21,803
Fees for Services Other---$21,532
Other Expenses---$20,523
Travel---$19,550
Advertising---$16,161
Fees for Services Accounting---$11,900
Insurance---$11,481
Pension Plan Contributions---$6,667
Information Technology---$3,775
Depreciation Depletion---$654
Total Functional Expenses$0$0$0$946,946
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
Current Year Nondeductible Lobbying and Political Cost$12,827
Total Nondeductible Lobbying and Political Cost$12,827
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 287 voting members.”

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

“Members elect the board of directors. The board designates the officers.”

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

“Form 990 was prepared by the organization's cpa, reviewed, and approved by the president and ceo and the treasurer of bioflorida. Contemporaneously with the filing, a copy of form 990 was provided to all members of the executive committee of bioflorida's board of directors.”

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

“Ceo compensation was evaluated by the board in comparison to market.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Bioflorida Inc
EIN
59-3436638
Phone
5616533839
Address
6742 FOREST HILL BLVD NO 256, WEST PALM BEACH, FL 33413

Signing Officer

Name
Nancy K Bryan
Title
President and CEO
Phone
5616533839
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy K Bryan
Formed
1997
Legal Domicile
Fl
Voting Board Members
34
Independent Board Members
34
Employees
4
Volunteers
100

Preparer

Firm
Cherry Bekaert Llp
Address
2525 PONCE DE LEON BLVD SUITE 1040, CORAL GABLES, FL 33134
Preparer
Amanda Adams
Phone
7866936300
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IRS990/Form990PartVIISectionAGrp/PersonNm29MARK STRONG
IRS990/Form990PartVIISectionAGrp/PersonNm30TIM VANDERHOOF
IRS990/Form990PartVIISectionAGrp/PersonNm31SUE WASHER
IRS990/Form990PartVIISectionAGrp/PersonNm32JULIE WATSON LAMPLEY
IRS990/Form990PartVIISectionAGrp/PersonNm33CLAUDIA ZYLBERBERG
IRS990/Form990PartVIISectionAGrp/PersonNm34NANCY K BRYAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6LEGAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34PRESIDENT AND CEO
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IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToOrganizationsInd00
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IRS990/MissionDesc0BIOFLORIDA IS THE VOICE OF FLORIDA'S LIFE SCIENCES INDUSTRY, REPRESENTING 6,200 ESTABLISHMENTS AND RESEARCH ORGANIZATIONS IN THE PHARMACEUTICAL, BIOTECHNOLOGY, MEDICAL DEVICE, AND BIOAGRICULTURE SECTORS THAT COLLECTIVELY EMPLOY 87,000 FLORIDIANS.
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IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2MEMBER BENEFIT PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc3CHAPTER EVENTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1382253
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,291,902
Liabilities
$21,591
Net assets
$1,270,311
Revenue
$1,212,071
Expenses
$946,946
Net income
$265,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.15$2.80$2.02$2.20$0.18
2023Summary only. Only limited summary data is available for this year.$3.11$0.08$3.03$1.89$1.71$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$0.06$2.85$2.20$1.46$0.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.03$2.11$1.74$1.12$0.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.01$1.49$1.01$0.79$0.22
2019Detailed filing. Detailed filing data is available for this year.$1.29$0.02$1.27$1.21$0.95$0.27
2019Summary only. Only limited summary data is available for this year.$1.29$0.02$1.27$1.21$0.95$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.04$1.01$1.11$0.87$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.06$0.77$1.08$0.84$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.12$0.52$1.05$0.88$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.01$0.36$0.98$0.82$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.20$0.97$0.88$0.09
2013Summary only. Only limited summary data is available for this year.$0.12$0.01$0.11$0.90$0.86$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.14$0.07$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.12$0.07$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.10$0.01$0.78