Civic Intelligence

Forward Biolabs Inc.

990 • Fiscal year 2020 • EIN 82-3817912

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

Organization ProfileFORWARDBIOLABS.ORG
504 S Rosa Rd No 200Madison, WI 53719

(608) 577-6625

Siviq Scores

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

Liabilities / Assets

58th percentile

0.09x

Higher debt load relative to assets than 58% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.09x

Higher debt load relative to revenue than 55% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

88th percentile

45%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$85,434

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 8.6% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

93rd percentile

136%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

159%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$904,834

Up $521,458 (+136%) from 2019

Net Assets

Up

$819,868

Up $447,005 (+120%) from 2019

Liabilities

Up

$84,966

Up $74,453 (+708%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin88th percentile

Revenue

Up

$997,405

Up $612,981 (+159%) from 2019

Expenses

Up

$550,400

Up $538,839 (+4661%) from 2019

Net Income

Up

$447,005

Up $74,142 (+20%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$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

2020

Assets$904,834
Liabilities$84,966
Net Assets$819,868
Open 2020 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$997,405
Expenses$550,400
Net Income$447,005
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$997,405
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
Land, Buildings, and Equipment, Net$6,591$489,138▲ $482,547
Cash and Non-Interest-Bearing Accounts$373,785$325,846▼ $47,939
Accounts Receivable$0$74,850▲ $74,850
Prepaid Expenses and Deferred Charges$3,000$15,000▲ $12,000
Total Assets$383,376$904,834▲ $521,458
Liabilities
Accounts Payable and Accrued Expenses$10,513$54,766▲ $44,253
Other Liabilities$0$30,200▲ $30,200
Total Liabilities$10,513$84,966▲ $74,453
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$372,863$819,868▲ $447,005
Total Net Assets Fund Balance$372,863$819,868▲ $447,005
Total Liabilities and Net Assets / Fund Balance$383,376$904,834▲ $521,458

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$340,796$25,656$366,452
Leasehold Improvements$148,342$2,755$151,097
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessica Martin EckerlyCEO & SecretaryFT$81,087$4,347$85,434

Board Members and Trustees

NameTitle
Aaron OlverPresident
Michael PartschDirector
Pam ChristiansonDirector
Robert DrapeTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Qti Human ResourcesLeased Employees1010 E WASHINGTON AVE STE 314, Madison, WI 53703$136,724
Revenue and Support

Revenue Composition

Contributions and Grants
$712,489
Program Service Revenue
$284,088
Investment Income
$0
Other Revenue
$828
All Other Contributions
$712,489
Change in Net Assets
$447,005

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 Table6$362,489Used Equipment Fair
Total Noncash Contributions6$362,489-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$300,422
Other Expenses$249,978
Total Fundraising Expense$2,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$170,582$30,461$2,031$203,074
Other Salaries and Wages$59,012--$59,012
Depreciation Depletion$28,411--$28,411
Office Expenses$22,141--$22,141
Other Employee Benefits$18,741--$18,741
Payroll Taxes$16,176$2,016$134$18,326
Information Technology$6,469$464-$6,933
Fees for Services Other$2,100$4,213-$6,313
Occupancy$5,393--$5,393
Fees for Services Legal-$4,833-$4,833
Insurance$3,587$809-$4,396
Fees for Services Accounting-$3,271-$3,271
Pension Plan Contributions$1,269--$1,269
Conferences and Meetings-$565-$565
Travel-$324-$324
Other Expenses$12,765$120-$120
All Other Expenses$7--$7
Total Functional Expenses$501,159$47,076$2,165$550,400
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program Loan$30,200
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 NO 200, MADISON, WI 53719

Signing Officer

Name
Jessica Martin Eckerly
Title
CEO & Secretary
Phone
6085776625
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Martin Eckerly
Formed
2017
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Mike Hablewitz CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A:

“Forward biolabs, inc. Leases employees from a professional employment organization, qti human resources, inc. The employees are considered common law employees of forward biolabs, inc., however, qti human resources, inc. Is the employer of record and employees get their w2s from qti human resources, inc.”

Raw XML Appendix385 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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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01020038
IRS990ScheduleA/TotalSupportAmt01020038
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/BookValueAmt0340796
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025656
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0366452
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0148342
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02755
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0151097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt030200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYCHECK PROTECTION PROGRAM LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0489138
IRS990ScheduleD/TotalLiabilityAmt030200
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt06
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LAB EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0USED EQUIPMENT FAIR
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0362489
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN 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/ExplanationTxt5FORWARD BIOLABS, INC. LEASES EMPLOYEES FROM A PROFESSIONAL EMPLOYMENT ORGANIZATION, QTI HUMAN RESOURCES, INC. THE EMPLOYEES ARE CONSIDERED COMMON LAW EMPLOYEES OF FORWARD BIOLABS, INC., HOWEVER, QTI HUMAN RESOURCES, INC. IS THE EMPLOYER OF RECORD AND EMPLOYEES GET THEIR W2S FROM QTI HUMAN RESOURCES, INC.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART V, LINE 2A:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0383376
IRS990/TotalAssetsEOYAmt0904834
IRS990/TotalAssetsGrp/BOYAmt0383376
IRS990/TotalAssetsGrp/EOYAmt0904834
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0712489
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02165
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047076
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0501159
IRS990/TotalFunctionalExpensesGrp/TotalAmt0550400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010513
IRS990/TotalLiabilitiesEOYAmt084966
IRS990/TotalLiabilitiesGrp/BOYAmt010513
IRS990/TotalLiabilitiesGrp/EOYAmt084966
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0372863
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0819868
IRS990/TotalOtherCompensationAmt04347
IRS990/TotalProgramServiceExpensesAmt0501159
IRS990/TotalProgramServiceRevenueAmt0284088
IRS990/TotalReportableCompFromOrgAmt081087
IRS990/TotalRevenueGrp/ExclusionAmt0828
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0284088
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0997405
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0383376
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0904834
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0324
IRS990/TravelGrp/TotalAmt0324
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0504 S ROSA RD NO 200
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd053719
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0FORWARDBIOLABS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JESSICA MARTIN ECKERLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO & SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06085776625
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORWARD BIOLABS INC
ReturnHeader/Filer/BusinessNameControlTxt0FORW
ReturnHeader/Filer/EIN0823817912
ReturnHeader/Filer/PhoneNum06085776625
ReturnHeader/Filer/USAddress/AddressLine1Txt0504 S ROSA RD NO 200
ReturnHeader/Filer/USAddress/CityNm0MADISON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053719
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02921 LANDMARK PL STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0537134236
ReturnHeader/PreparerPersonGrp/PhoneNum06082744020
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE HABLEWITZ CPA
ReturnHeader/ReturnTs02021-05-13T12:28:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$904,834
Liabilities
$84,966
Net assets
$819,868
Revenue
$997,405
Expenses
$550,400
Net income
$447,005
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.63$0.12$2.52$0.93$0.77$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.44$0.08$2.36$0.83$0.61$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.07$2.12$0.90$0.61$0.28
2021Detailed filing. Detailed filing data is available for this year.$2.15$0.06$2.09$1.29$0.53$0.76
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.08$0.82$1.00$0.55$0.45
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$0.38$0.01$0.37