Civic Intelligence

Forward Biolabs Inc

EIN 82-3817912 • 501(c)3 • Madison, WI

Profile

To accelerate translational research, spark state-wide economic development and create jobs through operating a fully-supported, state-of-the art laboratory to be shared by innovative, early-stage biotechnology companies associated with the university of wisconsin-madison and other life-science research organizations. Additionally, forward biolabs provides education and mentoring to early-stage, biotechnology companies engaged in translational life-science research.

504 S Rosa Rd 200Madison, WI 53719

forwardbiolabs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-7.5%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,631,783

Up $194,819 (+8.0%) from 2023

Liabilities

Up

$115,335

Up $36,158 (+46%) from 2023

Net Assets

Up

$2,516,448

Up $158,661 (+6.7%) from 2023

Revenue

Up

$926,275

Up $97,928 (+12%) from 2023

Expenses

Up

$772,924

Up $164,241 (+27%) from 2023

Net Income

Down

$153,351

Down $66,313 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2019: $383,376Liabilities 2019: $10,513Net Assets 2019: $372,8632019Assets 2020: $904,834Liabilities 2020: $84,966Net Assets 2020: $819,8682020Assets 2021: $2,153,879Liabilities 2021: $63,069Net Assets 2021: $2,090,8102021Assets 2022: $2,187,908Liabilities 2022: $66,723Net Assets 2022: $2,121,1852022Assets 2023: $2,436,964Liabilities 2023: $79,177Net Assets 2023: $2,357,7872023Assets 2024: $2,631,783Liabilities 2024: $115,335Net Assets 2024: $2,516,4482024

Highlighted filing

2024

Assets$2,631,783
Liabilities$115,335
Net Assets$2,516,448

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Revenue 2019: $384,424Expenses 2019: $11,561Net Income 2019: $372,8632019Revenue 2020: $997,405Expenses 2020: $550,400Net Income 2020: $447,0052020Revenue 2021: $1,288,327Expenses 2021: $526,112Net Income 2021: $762,2152021Revenue 2022: $895,538Expenses 2022: $610,598Net Income 2022: $284,9402022Revenue 2023: $828,347Expenses 2023: $608,683Net Income 2023: $219,6642023Revenue 2024: $926,275Expenses 2024: $772,924Net Income 2024: $153,3512024

Highlighted filing

2024

Revenue$926,275
Expenses$772,924
Net Income$153,351

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 4, 2025
Return Version
2023v6.0
Gross Receipts
$926,275
Mission and Program Overview

Mission

To accelerate translational research, spark state-wide economic development and create jobs through operating a fully-supported, state-of-the art laboratory to be shared by innovative, early-stage biotechnology companies associated with the university of wisconsin-madison and other life-science research organizations. Additionally, forward biolabs provides education and mentoring to early-stage, biotechnology companies engaged in translational life-science research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,730,294$1,990,455▲ $260,161
Land, Buildings, and Equipment, Net$457,469$377,530▼ $79,939
Pledges and Grants Receivable$146,100$151,410▲ $5,310
Accounts Receivable$63,375$61,666▼ $1,709
Prepaid Expenses and Deferred Charges$39,726$50,722▲ $10,996
Total Assets$2,436,964$2,631,783▲ $194,819
Liabilities
Accounts Payable and Accrued Expenses$79,177$115,335▲ $36,158
Total Liabilities$79,177$115,335▲ $36,158
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,211,687$2,365,038▲ $153,351
Net Assets With Donor Restrictions$146,100$151,410▲ $5,310
Total Net Assets Fund Balance$2,357,787$2,516,448▲ $158,661
Total Liabilities and Net Assets / Fund Balance$2,436,964$2,631,783▲ $194,819

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$240,373$312,430$552,803
Leasehold Improvements$137,157$21,180$158,337
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica Martin EckerlyCEO & SecretaryFT$181,069$59,955$241,024

Board Members and Trustees

NameTitle
Aaron OlverPresident
Lisa JohnsonDirector
Michael PartschDirector
Pam ChristensonDirector
Tom LivelliDirector
Robert DrapeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$304,130
Program Service Revenue
$616,896
Investment Income
$5,161
Other Revenue
$88
All Other Contributions
$266,690
Change in Net Assets
$153,351

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$116,690Replacement Cost
Total Noncash Contributions1$116,690-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$439,850
Other Expenses$333,074
Total Fundraising Expense$5,445
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$94,907$149,853$4,995$249,755
Other Salaries and Wages$125,518--$125,518
Depreciation Depletion$84,043--$84,043
Occupancy$43,742--$43,742
Other Employee Benefits$31,997$2,241$75$34,313
Payroll Taxes$13,437$8,096$270$21,803
Fees for Services Other-$19,343-$19,343
Fees for Services Accounting-$15,555-$15,555
Advertising$10,376$3,458-$13,834
Pension Plan Contributions$5,214$3,142$105$8,461
Office Expenses$7,101--$7,101
Insurance$5,363$873-$6,236
Other Expenses$10,002$3,625-$3,625
Information Technology$907$924-$1,831
Conferences and Meetings$1,081$429-$1,510
Travel-$1,300-$1,300
Fees for Services Legal-$450-$450
All Other Expenses$9--$9
Total Functional Expenses$558,190$209,289$5,445$772,924
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 8B

The organization does not have any committees that have the authority to act on behalf of the governing body.

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

The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is reviewed at least annually by the directors. All directors and officers are required to complete and sign a conflict of interest statement annually. A director or officer with a conflict of interest is prohibited from participating in deliberations and decisions regarding the transaction.

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

The independent membership of the board of directors annually conducts a performance review of the ceo. The ceo's compensation is reviewed and compared to public information about compensation in positions at similar organizations. A compensation study is also prepared by an independent contractor who specializes in non-profit compensation. The board approves compensation for the ceo with an official vote with discussion and results recorded in meeting minutes.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Forward Biolabs Inc
EIN
82-3817912
Phone
6085776625
Address
504 S ROSA RD 200, MADISON, WI 53719

Signing Officer

Name
Jessica Martin Eckerly
Title
CEO & Secretary
Phone
6085776625
Signed
2025-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Martin Eckerly
Formed
2017
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Mike Hablewitz CPA
Phone
6082744020
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IRS990/RevenueAmt0616896
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01730294
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01990455
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0304130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0163437
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0266178
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0778232
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0712489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02224466
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05161
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03436
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt08597
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02702829
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66990
IRS990ScheduleA/PublicSupportPY170Pct00.63690
IRS990ScheduleA/PublicSupportTotal170Amt01495910
IRS990ScheduleA/SubstantialContributorsTotAmt0728556
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0304130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0163437
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0266178
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0778232
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0712489
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02224466
IRS990ScheduleA/TotalSupportAmt02233063
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0240373
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0312430
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0552803
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0137157
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt021180
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0158337
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0377530
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0181069
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount014406
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt021848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023581
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt0120
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JESSICA MARTIN ECKERLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0241024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LAB EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0REPLACEMENT COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0116690
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS ON COLUMN (B).
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY BY THE DIRECTORS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. A DIRECTOR OR OFFICER WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INDEPENDENT MEMBERSHIP OF THE BOARD OF DIRECTORS ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE CEO. THE CEO'S COMPENSATION IS REVIEWED AND COMPARED TO PUBLIC INFORMATION ABOUT COMPENSATION IN POSITIONS AT SIMILAR ORGANIZATIONS. A COMPENSATION STUDY IS ALSO PREPARED BY AN INDEPENDENT CONTRACTOR WHO SPECIALIZES IN NON-PROFIT COMPENSATION. THE BOARD APPROVES COMPENSATION FOR THE CEO WITH AN OFFICIAL VOTE WITH DISCUSSION AND RESULTS RECORDED IN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02436964
IRS990/TotalAssetsEOYAmt02631783
IRS990/TotalAssetsGrp/BOYAmt02436964
IRS990/TotalAssetsGrp/EOYAmt02631783
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0304130
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05445
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0209289
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0558190
IRS990/TotalFunctionalExpensesGrp/TotalAmt0772924
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt079177
IRS990/TotalLiabilitiesEOYAmt0115335
IRS990/TotalLiabilitiesGrp/BOYAmt079177
IRS990/TotalLiabilitiesGrp/EOYAmt0115335
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02357787
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02516448
IRS990/TotalOtherCompensationAmt045429
IRS990/TotalProgramServiceExpensesAmt0558190
IRS990/TotalProgramServiceRevenueAmt0616896
IRS990/TotalReportableCompFromOrgAmt0195595
IRS990/TotalRevenueGrp/ExclusionAmt05249
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0616896
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0926275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02436964
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02631783
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01300
IRS990/TravelGrp/TotalAmt01300

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