Civic Intelligence

Biohouston Inc.

990 • Fiscal year 2024 • EIN 76-0683142

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 15, 2025

2450 HOLCOMBE BLVD Suite 27GHouston, TX 77021

(713) 874-9300

Siviq Scores

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

Liabilities / Assets

71st percentile

0.13x

Higher debt load relative to assets than 71% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

79th percentile

0.23x

Higher debt load relative to revenue than 79% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

17th percentile

-16%

Higher net margin than 17% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$224,653

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 62.8% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

23rd percentile

-6.6%

Faster asset growth than 23% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-40%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$623,074

Down $44,211 (-6.6%) from 2023

Net Assets

Down

$541,692

Down $58,251 (-9.7%) from 2023

Liabilities

Up

$81,382

Up $14,040 (+21%) from 2023

Revenue

Down

$357,470

Down $237,217 (-40%) from 2023

Expenses

Down

$413,958

Down $83,123 (-17%) from 2023

Net Income

Down

-$56,488

Down $154,094 (-158%) from 2023

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $411,360Liabilities 2010: $84,351Net Assets 2010: $327,0092010Assets 2011: $525,112Liabilities 2011: $221,405Net Assets 2011: $303,7072011Assets 2012: $699,629Liabilities 2012: $246,722Net Assets 2012: $452,9072012Assets 2013: $661,556Liabilities 2013: $214,312Net Assets 2013: $447,2442013Assets 2014: $502,632Liabilities 2014: $128,593Net Assets 2014: $374,0392014Assets 2015: $208,317Liabilities 2015: $66,876Net Assets 2015: $141,4412015Assets 2016: $177,153Liabilities 2016: $24,549Net Assets 2016: $152,6042016Assets 2017: $262,967Liabilities 2017: $48,173Net Assets 2017: $214,7942017Assets 2018: $385,537Liabilities 2018: $47,587Net Assets 2018: $337,9502018Assets 2019: $529,700Liabilities 2019: $64,487Net Assets 2019: $465,2132019Assets 2020: $426,137Liabilities 2020: $44,751Net Assets 2020: $381,3862020Assets 2021: $451,429Liabilities 2021: $102,045Net Assets 2021: $349,3842021Assets 2022: $579,417Liabilities 2022: $118,636Net Assets 2022: $460,7812022Assets 2023: $667,285Liabilities 2023: $67,342Net Assets 2023: $599,9432023Assets 2024: $623,074Liabilities 2024: $81,382Net Assets 2024: $541,6922024

Highlighted filing

2024

Assets$623,074
Liabilities$81,382
Net Assets$541,692

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $996,554Expenses 2010: $1,062,825Net Income 2010: -$66,2712010Revenue 2011: $1,805,676Expenses 2011: $1,828,978Net Income 2011: -$23,3022011Revenue 2012: $2,926,714Expenses 2012: $2,777,514Net Income 2012: $149,2002012Revenue 2013: $2,230,867Expenses 2013: $2,236,530Net Income 2013: -$5,6632013Revenue 2014: $1,216,677Expenses 2014: $1,289,882Net Income 2014: -$73,2052014Revenue 2015: $929,340Expenses 2015: $1,161,940Net Income 2015: -$232,6002015Revenue 2016: $441,041Expenses 2016: $429,878Net Income 2016: $11,1632016Revenue 2017: $467,417Expenses 2017: $405,227Net Income 2017: $62,1902017Revenue 2018: $531,528Expenses 2018: $408,372Net Income 2018: $123,1562018Revenue 2019: $549,611Expenses 2019: $422,348Net Income 2019: $127,2632019Revenue 2020: $300,402Expenses 2020: $384,229Net Income 2020: -$83,8272020Revenue 2021: $328,578Expenses 2021: $360,580Net Income 2021: -$32,0022021Revenue 2022: $656,341Expenses 2022: $544,944Net Income 2022: $111,3972022Revenue 2023: $594,687Expenses 2023: $497,081Net Income 2023: $97,6062023Revenue 2024: $357,470Expenses 2024: $413,958Net Income 2024: -$56,4882024

Highlighted filing

2024

Revenue$357,470
Expenses$413,958
Net Income-$56,488
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 15, 2025
Return Version
2024v5.2
Gross Receipts
$357,470
Mission and Program Overview

Mission

Biohouston inc is a texas non-profit corporation with the mission of stimulating technology transfer and the commercialization of research, while building a critical mass of life science companies. To accomplish this goal, biohouston established certain programs for life science companies. Biohouston is supported primarily through contributions from its members, associates, the philanthropic community, revenue from conferences and other events held by the organization, and from a contract to provide services to the cancer prevention and research institute of texas.

We connect, convene and catalyze a diverse community -from startups to established organizations, fostering advancements in medicine, creating jobs, and driving growth. (CONTINUED ON SCHEDULE O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$63,961$323,075▲ $259,114
Pledges and Grants Receivable$90,146$119,150▲ $29,004
Savings and Temporary Cash Investments$508,562$109,262▼ $399,300
Accounts Receivable$0$67,966▲ $67,966
Prepaid Expenses and Deferred Charges$4,616$3,621▼ $995
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$667,285$623,074▼ $44,211
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$67,342$81,382▲ $14,040
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$67,342$81,382▲ $14,040
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$599,943$541,692▼ $58,251
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$599,943$541,692▼ $58,251
Total Liabilities and Net Assets / Fund Balance$667,285$623,074▼ $44,211

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$95,843$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ann K TanabeChief Executive OfficerFT$203,000$21,653$224,653

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$56,000
Program Service Revenue
$287,662
Investment Income
$13,808
Other Revenue
$0
Change in Net Assets
$-56,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$357,470
Revenue Not Reported on Form 990
$32,620
Total Revenue per Audited Statements
$390,090
Total Revenue per Form 990
$357,470
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$232,079
Other Expenses$181,879
Total Fundraising Expense$48,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$152,543$32,688$32,688$217,919
Conferences and Meetings$44,233-$4,122$48,355
Fees for Services Accounting-$34,177-$34,177
Fees for Services Other$7,416$15,574$1,730$24,720
Occupancy$13,575$2,909$2,909$19,393
Travel$13,305$720$720$14,745
Payroll Taxes$9,912$2,124$2,124$14,160
Advertising$10,765--$10,765
Other Expenses$4,132$2,081$1,632$4,132
Insurance$2,842$609$609$4,060
Office Expenses$518$31$61$610
Information Technology$464-$51$515
Total Functional Expenses$274,318$90,913$48,727$413,958

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$446,578
Expenses per Audited Statements$413,958
Total Expenses per Form 990$413,958
Expenses Not Reported on Form 990$32,620
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

form 990, part VI, line 1A

Executive committee is elected by the board of directors. Members include the board chair, vice chair, and other directors, as appointed. The executive committee has the authority to oversee the day to day operations of the organization with oversight by the full board, and may exercise the full power of the board except with respect to matters on which the board has taken action, the members have taken action, or the executive committee is prohibited by applicable law from taking action.

Filing and Contact Details

Filer

Filer Name
Biohouston Inc
EIN
76-0683142
In Care Of
% JEFFREY WADE
Phone
7138749300
Address
2450 HOLCOMBE BLVD Suite 27G, HOUSTON, TX 77021

Signing Officer

Name
Jeffrey Wade
Title
CEO
Phone
7138749300
Signed
2025-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey Wade
Formed
2001
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
50

Preparer

Firm
Withum Smith Brown Pc
Address
5847 SAN FELIPE ST SUITE 2600, HOUSTON, TX 77057
Preparer
Emily Smikal
Phone
7138601400
Supplemental Narrative

Additional Explanations

Form 990 Part 1, Line 1

We host educational and networking events focused on the development of a robust life sciences ecosystem.

Organization Members

FORM 990, PART VI, LINES 6, 7A, & 7b ORGANIZATIONS DESCRIBED IN SECTIONS 501 (C) (3) or 170 (C) (1) AND SECTIONS 509 (A) (1) OR 509 (A) (2) OF THE CODE ARE ELIGIBLE TO BE MEMBERS. MEMBERS SHALL BE APPOINTED BY AND MAY BE REMOVED BY THE BOARD OF DIRECTORS. MEMBERS ARE ENTITLED TO VOTE OF MEMBERS. GENERALLY DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF THE MEMBERS. ANY VACANCY OCCURING IN THE BOARD MAY BE FILLED BY ELECTION AT AN ANNUAL MEETING OR SPECIAL MEETING OF MEMBERS CALLED FOR THAT PURPOSE. ANY DIRECTOR MAY BE REMOVED EITHER FOR OR WITHOUT CAUSE BY THE MEMBERS.

Form 990 Review Process

Form 990, part vi, line 11b prior to filing with the irs, the organization's form 990 is reviewed and approved by the audit committee; a draft of the form 990 is provided electronically to board members for review prior to filing.

Conflict of Interest Policy Monitoring & Enforcement

Form 990, part vi, line 12c each director, prinicpal officer, and member of a committee with board delegated powers is required to annually sign a statement that affirms that such person has received a copy of the policy; has read and understands the policy; is in compliance with the policy; and understands that the corporation must engage primarily in activities which accomplishes one or more of its tax-exempt purposes. Any identified conflicts are brought to the executive committee or full board of directors for resolution.

Officer Compensation Approval

Form 990, part vi, lines 15a & 15b the compensation committee of the corporation's board of directors, all of whom are independent directors, conducts an annual review of the ceo, other officers, and key employees' performance and compensation. The review is conducted in executive session.

How Documents Are Made Availabe to the Public

Form 990, part vi, line 19 the corporation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Program Service Accomplishments

Form 990, part iii, line 4d increasing the awareness of the life science industry with the goal of ultimately increasing investment in reginal life science companies, attracting experienced managers to local life science companies and attracting life science companies to texas

Employees Reported on W-3

Form 990, part v, line 2a all employees are contracted through trinet hr iii-a, an employee leasing agency; therefore, biohouston has no employees directly reported on a form w-3.

Financial Statement Notes

Schedule D, Part X, Line 2

Asc 740 (fin 48) disclosure biohouston is exempt from federal income tax under section 501 (c) (3) of the internal revenue code and is classified as a public charity under section 170 (b) (1) (a) (vi). It recognizes the impact of an uncertain tax position only if that position is more likely than not of being sustained upon examination by the taxing authority based on the technical merits. Biohouston will account for interest and penalties relating to uncertain tax positions in the current period statement of activities, if necessary. Biohouston is a type i section 509(a)(3) supporting organization and has received determination as such from the irs.

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IRS990/Desc0SUPPORT THE REGIONAL LIFE SCIENCE INDUSTRY THROUGH EDUCATIONAL CONFERENCES AND NETWORKING MEETINGS; BIOHOUSTON HOSTS TWO MAJOR ANNUAL CONFERENCES ATTRACTING HUNDREDS, BREAKFAST FORUMS, TECHNOLOGY TRANSFER MEETINGS, AND OTHER MEETINGS TO FOSTER ENTREPRENEURSHIP, EDUCATION, AND NETWORKING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/MissionDesc0BIOHOUSTON INC IS A TEXAS NON-PROFIT CORPORATION WITH THE MISSION OF STIMULATING TECHNOLOGY TRANSFER AND THE COMMERCIALIZATION OF RESEARCH, WHILE BUILDING A CRITICAL MASS OF LIFE SCIENCE COMPANIES. TO ACCOMPLISH THIS GOAL, BIOHOUSTON ESTABLISHED CERTAIN PROGRAMS FOR LIFE SCIENCE COMPANIES. BIOHOUSTON IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS FROM ITS MEMBERS, ASSOCIATES, THE PHILANTHROPIC COMMUNITY, AND REVENUE FROM CONFERENCES AND OTHER EVENTS HELD BY THE ORGANIZATION.
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IRS990/PrincipalOfficerNm0Jeffrey Wade
IRS990/PriorPeriodAdjustmentsAmt0-1763
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0287662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0287662
IRS990/ProgSrvcAccomActy2Grp/Desc0FOSTERING ENTREPRENEURSHIP IN THE LIFE SCIENCE INDUSTRY IN THE REGION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt090102
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt094485
IRS990/ProgSrvcAccomActy3Grp/Desc0LEVERAGING THE SKILLS OF EXPERTS THROUGHOUT THE WORLD TO SUPPORT THE DEVELOPMENT OF PRODUCTS AND THERAPIES IN TEXAS.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt052817
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IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt041952
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IRS990/PYInvestmentIncomeAmt076
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0216123
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0363111
IRS990/PYRevenuesLessExpensesAmt097606
IRS990/PYSalariesCompEmpBnftPaidAmt0280958
IRS990/PYTotalExpensesAmt0497081
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IRS990/PYTotalRevenueAmt0594687
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd43

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.08$0.54$0.36$0.41$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.07$0.60$0.59$0.50$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.12$0.46$0.66$0.54$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.10$0.35$0.33$0.36$0.03
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.04$0.38$0.30$0.38$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.06$0.47$0.55$0.42$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.05$0.34$0.53$0.41$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.05$0.21$0.47$0.41$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.02$0.15$0.44$0.43$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.07$0.14$0.93$1.16$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.50$0.13$0.37$1.22$1.29$0.07
2013Summary only. Only limited summary data is available for this year.$0.66$0.21$0.45$2.23$2.24$0.01
2012Summary only. Only limited summary data is available for this year.$0.70$0.25$0.45$2.93$2.78$0.15
2011Summary only. Only limited summary data is available for this year.$0.53$0.22$0.30$1.81$1.83$0.02
2010Summary only. Only limited summary data is available for this year.$0.41$0.08$0.33$1.00$1.06$0.07