Civic Intelligence

The Biosimilars Forum

990 • Fiscal year 2016 • EIN 81-0762544

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 09, 2017

Organization ProfileWWW.BIOSIMILARSFORUM.ORG
800 17th St NW Suite 1100Washington, DC 20006

(202) 955-3000

Siviq Scores

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

Liabilities / Assets

91st percentile

0.71x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

0.95x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

32nd percentile

-0.5%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

10th percentile

-14%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

53rd percentile

3.7%

Faster revenue growth than 53% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$2,343,073

Down $369,388 (-14%) from 2015

Net Assets

Down

$673,909

Down $8,702 (-1.3%) from 2015

Liabilities

Down

$1,669,164

Down $360,686 (-18%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin32nd percentile

Revenue

Up

$1,750,000

Up $62,500 (+3.7%) from 2015

Expenses

Up

$1,758,702

Up $753,813 (+75%) from 2015

Net Income

Down

-$8,702

Down $691,313 (-101%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$3.0M$2.0M$1.0M$0Assets 2015: $2,712,461Liabilities 2015: $2,029,850Net Assets 2015: $682,6112015Assets 2016: $2,343,073Liabilities 2016: $1,669,164Net Assets 2016: $673,9092016Assets 2017: $2,276,847Liabilities 2017: $1,725,840Net Assets 2017: $551,0072017Assets 2018: $2,282,034Liabilities 2018: $1,400,000Net Assets 2018: $882,0342018Assets 2019: $2,418,083Liabilities 2019: $1,808,167Net Assets 2019: $609,9162019Assets 2020: $2,761,526Liabilities 2020: $1,862,079Net Assets 2020: $899,4472020Assets 2021: $2,503,713Liabilities 2021: $1,801,055Net Assets 2021: $702,6582021Assets 2022: $2,588,857Liabilities 2022: $2,200,420Net Assets 2022: $388,4372022Assets 2023: $2,473,451Liabilities 2023: $2,235,005Net Assets 2023: $238,4462023Assets 2024: $2,722,624Liabilities 2024: $2,347,505Net Assets 2024: $375,1192024

Highlighted filing

2016

Assets$2,343,073
Liabilities$1,669,164
Net Assets$673,909
Open 2016 Filing

Operations Trend

Revenue Growth53rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $1,687,500Expenses 2015: $1,004,889Net Income 2015: $682,6112015Revenue 2016: $1,750,000Expenses 2016: $1,758,702Net Income 2016: -$8,7022016Revenue 2017: $1,575,000Expenses 2017: $1,697,902Net Income 2017: -$122,9022017Revenue 2018: $1,437,020Expenses 2018: $1,105,993Net Income 2018: $331,0272018Revenue 2019: $1,777,994Expenses 2019: $2,050,112Net Income 2019: -$272,1182019Revenue 2020: $2,242,189Expenses 2020: $1,952,658Net Income 2020: $289,5312020Revenue 2021: $2,082,865Expenses 2021: $2,279,654Net Income 2021: -$196,7892021Revenue 2022: $2,105,000Expenses 2022: $2,419,221Net Income 2022: -$314,2212022Revenue 2023: $2,280,500Expenses 2023: $2,430,491Net Income 2023: -$149,9912023Revenue 2024: $2,117,500Expenses 2024: $1,980,827Net Income 2024: $136,6732024

Highlighted filing

2016

Revenue$1,750,000
Expenses$1,758,702
Net Income-$8,702
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 9, 2017
Return Version
2016v3.0
Gross Receipts
$1,750,000
Mission and Program Overview

Mission

The biosimilars forum was incorporated in washington, dc, as a nonprofit organization to advance biosimilars in the united states with the intent of expanding access and availability of biological medicines, and improving health care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,412,500$1,400,000▼ $12,500
Cash and Non-Interest-Bearing Accounts$1,299,961$943,073▼ $356,888
Total Assets$2,712,461$2,343,073▼ $369,388
Liabilities
Deferred Revenue$1,525,000$1,575,000▲ $50,000
Accounts Payable and Accrued Expenses$504,850$94,164▼ $410,686
Total Liabilities$2,029,850$1,669,164▼ $360,686
Net Assets / Fund Balance
Unrestricted Net Assets$682,611$673,909▼ $8,702
Total Net Assets Fund Balance$682,611$673,909▼ $8,702
Total Liabilities and Net Assets / Fund Balance$2,712,461$2,343,073▼ $369,388
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Juliana ReedPresident
Stacie PhanSecretary
Wendy SussmanTreasurer
Geoff EichVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Feinstein Kean HealthcarePr/lobbying245 FIRST STREET, Cambridge, MA 02142$759,401
Holland & Knight LLPMgmt/lobbying800 17TH STREET NW SUITE 1100, Washington Dc, DC 20006$737,564
XcendaConsulting1666 K ST NW 500, Washington Dc, DC 20006$166,061
Revenue and Support

Revenue Composition

Contributions and Grants
$1,750,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,702
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,758,702
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Lobbying---$518,478
Fees for Services Management---$277,462
Fees for Services Other---$164,413
Fees for Services Accounting---$9,784
Travel---$7,370
Office Expenses---$4,382
Conferences and Meetings---$3,773
Fees for Services Legal---$857
Other Expenses---$850
Total Functional Expenses$0$0$0$1,758,702
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$518,478
Total Nondeductible Lobbying and Political Cost$114,968
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has two classes of members: founding and regular members. Members have a right to vote on annual appointment to the board of directors. A quorum at a meeting of the members requires attendance (in person or by proxy) of both a majority of the regular members and a majority of the founding members. A majority vote of both the founding and regular members is required to constitute board action.”

Form 990, Page 6, Part VI, Line 7A

“Initially the founding members of the corporation appointed the board of directors. Subsequently, the regular and founding members each exercised a single vote to elect the members of the board of directors at the annual meeting of the organization.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is prepared by outside accountants in conjuction with the biosimiliar forum's third-party cfo and management team. The form 990 is reviewed by the biosimiliars forum president and treasurer, and made available to all directors prior to filing with the internal revenue service.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
The Biosimilars Forum
EIN
81-0762544
Phone
2029553000
Address
800 17TH ST NW SUITE 1100, WASHINGTON, DC 20006

Signing Officer

Name
Kimberly Greco
Title
Secretary/treasurer
Phone
2024695118
Signed
2017-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Greco
Formed
2015
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
30

Preparer

Firm
Kullman CPA LLC
Address
1997 ANNAPOLIS EXCHANGE PKWY SUITE, ANNAPOLIS, MD 21401-3275
Preparer
Stephen J Kullman CPA
Phone
4102669885
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The biosimilars forum was incorporated in washington, dc, as a nonprofit organization to advance biosimilars in the united states with the intent of expanding access and availability of biological medicines, and improving health care.”

Form 990, Page 2, Part III, Line 4D

“The biosimilars forum provides evidence-based information to inform and support public policies that encourage awareness, access, and adoption of biosimilars.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BIOSIMILARS FORUM WAS INCORPORATED IN WASHINGTON, DC, AS A NONPROFIT ORGANIZATION TO ADVANCE BIOSIMILARS IN THE UNITED STATES WITH THE INTENT OF EXPANDING ACCESS AND AVAILABILITY OF BIOLOGICAL MEDICINES, AND IMPROVING HEALTH CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BIOSIMILARS FORUM PROVIDES EVIDENCE-BASED INFORMATION TO INFORM AND SUPPORT PUBLIC POLICIES THAT ENCOURAGE AWARENESS, ACCESS, AND ADOPTION OF BIOSIMILARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: FOUNDING AND REGULAR MEMBERS. MEMBERS HAVE A RIGHT TO VOTE ON ANNUAL APPOINTMENT TO THE BOARD OF DIRECTORS. A QUORUM AT A MEETING OF THE MEMBERS REQUIRES ATTENDANCE (IN PERSON OR BY PROXY) OF BOTH A MAJORITY OF THE REGULAR MEMBERS AND A MAJORITY OF THE FOUNDING MEMBERS. A MAJORITY VOTE OF BOTH THE FOUNDING AND REGULAR MEMBERS IS REQUIRED TO CONSTITUTE BOARD ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INITIALLY THE FOUNDING MEMBERS OF THE CORPORATION APPOINTED THE BOARD OF DIRECTORS. SUBSEQUENTLY, THE REGULAR AND FOUNDING MEMBERS EACH EXERCISED A SINGLE VOTE TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS IN CONJUCTION WITH THE BIOSIMILIAR FORUM'S THIRD-PARTY CFO AND MANAGEMENT TEAM. THE FORM 990 IS REVIEWED BY THE BIOSIMILIARS FORUM PRESIDENT AND TREASURER, AND MADE AVAILABLE TO ALL DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01758702
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02029850
IRS990/TotalLiabilitiesEOYAmt01669164
IRS990/TotalLiabilitiesGrp/BOYAmt02029850
IRS990/TotalLiabilitiesGrp/EOYAmt01669164
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0682611
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0673909
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01750000
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02712461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02343073
IRS990/TravelGrp/TotalAmt07370
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0682611
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0673909
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O HK 800 17TH ST NW
IRS990/USAddress/AddressLine2Txt0SUITE 1100
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020006
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.BIOSIMILARSFORUM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY GRECO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02024695118
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BIOSIMILARS FORUM
ReturnHeader/Filer/BusinessNameControlTxt0BIOS
ReturnHeader/Filer/EIN0810762544
ReturnHeader/Filer/PhoneNum02029553000
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 17TH ST NW SUITE 1100
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020006
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId012F05B908618E9771B6B0254D0C6D3B73D072EC0
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274760605
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KULLMAN CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01997 ANNAPOLIS EXCHANGE PKWY SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANNAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0214013275
ReturnHeader/PreparerPersonGrp/PhoneNum04102669885
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN J KULLMAN CPA
ReturnHeader/ReturnTs02017-09-07T14:36:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,343,073
Liabilities
$1,669,164
Net assets
$673,909
Revenue
$1,750,000
Expenses
$1,758,702
Net income
-$8,702
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.72$2.35$0.38$2.12$1.98$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.47$2.24$0.24$2.28$2.43$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.59$2.20$0.39$2.11$2.42$0.31
2021Detailed filing. Detailed filing data is available for this year.$2.50$1.80$0.70$2.08$2.28$0.20
2020Detailed filing. Detailed filing data is available for this year.$2.76$1.86$0.90$2.24$1.95$0.29
2019Detailed filing. Detailed filing data is available for this year.$2.42$1.81$0.61$1.78$2.05$0.27
2018Detailed filing. Detailed filing data is available for this year.$2.28$1.40$0.88$1.44$1.11$0.33
2017Detailed filing. Detailed filing data is available for this year.$2.28$1.73$0.55$1.58$1.70$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.34$1.67$0.67$1.75$1.76$0.01
2015Summary only. Only limited summary data is available for this year.$2.71$2.03$0.68$1.69$1.00$0.68