Civic Intelligence

The Biosimilars Forum

990 • Fiscal year 2017 • EIN 81-0762544

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 17, 2018

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

93rd percentile

0.76x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

1.10x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

13th percentile

-7.8%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

23rd percentile

-2.8%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

13th percentile

-10%

Faster revenue growth than 13% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$2,276,847

Down $66,226 (-2.8%) from 2016

Net Assets

Down

$551,007

Down $122,902 (-18%) from 2016

Liabilities

Up

$1,725,840

Up $56,676 (+3.4%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin13th percentile

Revenue

Down

$1,575,000

Down $175,000 (-10%) from 2016

Expenses

Down

$1,697,902

Down $60,800 (-3.5%) from 2016

Net Income

Down

-$122,902

Down $114,200 (-1312%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2017

Assets$2,276,847
Liabilities$1,725,840
Net Assets$551,007
Open 2017 Filing

Operations Trend

Revenue Growth13th 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

2017

Revenue$1,575,000
Expenses$1,697,902
Net Income-$122,902
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 17, 2018
Return Version
2017v2.3
Gross Receipts
$1,575,000
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$1,400,000$1,400,000→ $0
Cash and Non-Interest-Bearing Accounts$943,073$876,847▼ $66,226
Total Assets$2,343,073$2,276,847▼ $66,226
Liabilities
Deferred Revenue$1,575,000$1,575,000→ $0
Accounts Payable and Accrued Expenses$94,164$150,840▲ $56,676
Total Liabilities$1,669,164$1,725,840▲ $56,676
Net Assets / Fund Balance
Unrestricted Net Assets$673,909$551,007▼ $122,902
Total Net Assets Fund Balance$673,909$551,007▼ $122,902
Total Liabilities and Net Assets / Fund Balance$2,343,073$2,276,847▼ $66,226
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Stacie PhanPresident
Chad PettitDirector
Heekyung KimDirector
Jim CareyDirector
Julie ReedDirector
Kristine PeersDirector
Rob FalbDirector
Sue NaeyaertDirector
Kimberly GrecoSecretary/tr
Wendy SussmanVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Holland & Knight LLPMgmt/lobbyingPO BOX 864084, Orlando, FL 32886-4084$739,085
Ogilvy Pulic RelationsPr/lobbyingPO BOX 781983, Philadelphia, PA 19178-1983$396,683
XcendaConsultingPO BOX 198298, Atlanta, GA 30384$126,148
Penn Quarter PartnersConsulting700 5TH ST NW SECOND FLOOR, Washington, DC 20001$121,500
Signal GroupConsulting455 MASSACHUSETTS AVE NW, Washington, DC 20001$112,500
Revenue and Support

Revenue Composition

Contributions and Grants
$1,575,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-122,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,697,902
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---$483,119
Fees for Services Other---$403,598
Fees for Services Management---$276,549
Other Expenses---$24,000
Fees for Services Accounting---$8,753
Conferences and Meetings---$6,333
Travel---$4,676
Office Expenses---$3,099
Fees for Services Legal---$110
Total Functional Expenses$0$0$0$1,697,902
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$483,119
Total Nondeductible Lobbying and Political Cost$-101,913
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
James Carey
Title
Treasurer
Phone
2024695118
Signed
2018-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Greco
Formed
2015
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
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.”

Form 990, Part IX, Line 11G

“Reimbursement committee 169,698 0 0 strategic plan 112,500 0 0 alliance development 121,400 0 0 total 403,598 0 0”

Raw XML Appendix350 raw XML fields

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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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleC/DuesAssessmentsAmt01750000
IRS990ScheduleC/NonDedLbbyngPltclCyovAmt0-585032
IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt0483119
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IRS990ScheduleC/TaxableAmt0-731913
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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/ExplanationTxt6REIMBURSEMENT COMMITTEE 169,698 0 0 STRATEGIC PLAN 112,500 0 0 ALLIANCE DEVELOPMENT 121,400 0 0 TOTAL 403,598 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02276847
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IRS990/TotalContributionsAmt01575000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01697902
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01669164
IRS990/TotalLiabilitiesEOYAmt01725840
IRS990/TotalLiabilitiesGrp/BOYAmt01669164
IRS990/TotalLiabilitiesGrp/EOYAmt01725840
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0673909
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0551007
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01575000
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02343073
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02276847
IRS990/TravelGrp/TotalAmt04676
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0673909
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0551007
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/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.BIOSIMILARSFORUM.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CAREY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02024695118
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BIOSIMILARS FORUM
ReturnHeader/Filer/BusinessNameControlTxt0BIOS
ReturnHeader/Filer/EIN0810762544
ReturnHeader/Filer/PhoneNum02029553000
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 17TH ST NW SUITE 1100
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.121.147.75
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:43:10
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/PreparationDt02018-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN J KULLMAN CPA
ReturnHeader/ReturnTs02018-11-15T13:43:10-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,276,847
Liabilities
$1,725,840
Net assets
$551,007
Revenue
$1,575,000
Expenses
$1,697,902
Net income
-$122,902
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