Civic Intelligence

Biologic Association

EIN 84-4301415 • 501(c)3 • Rosemont, IL

Profile

To foster and convene a collaboration for shared and coordinated efforts to speak with a unified voice in the musculoskeletal biologics environment, advocating for the responsible use of biologics in clinical practice, spearheading standards development, and assessing and reporting on the safety and efficacy of biologic interventions.

9400 W Higgins Road Suite 200Rosemont, IL 60018

www.thebiologicassociation.com

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

63rd percentile

5.4%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-57%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$361,998

Up $18,605 (+5.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$361,998

Up $18,605 (+5.4%) from 2023

Revenue

Down

$96,127

Down $126,798 (-57%) from 2023

Expenses

Down

$77,522

Down $57,816 (-43%) from 2023

Net Income

Down

$18,605

Down $68,982 (-79%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2020: $104,506Liabilities 2020: $0Net Assets 2020: $104,5062020Assets 2021: $196,634Liabilities 2021: $0Net Assets 2021: $196,6342021Assets 2022: $265,806Liabilities 2022: $10,000Net Assets 2022: $255,8062022Assets 2023: $343,393Liabilities 2023: $0Net Assets 2023: $343,3932023Assets 2024: $361,998Liabilities 2024: $0Net Assets 2024: $361,9982024

Highlighted filing

2024

Assets$361,998
Liabilities$0
Net Assets$361,998

Operations Trend

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

$300K$200K$100K$0Revenue 2020: $115,000Expenses 2020: $10,494Net Income 2020: $104,5062020Revenue 2021: $213,350Expenses 2021: $121,222Net Income 2021: $92,1282021Revenue 2022: $219,089Expenses 2022: $159,917Net Income 2022: $59,1722022Revenue 2023: $222,925Expenses 2023: $135,338Net Income 2023: $87,5872023Revenue 2024: $96,127Expenses 2024: $77,522Net Income 2024: $18,6052024

Highlighted filing

2024

Revenue$96,127
Expenses$77,522
Net Income$18,605

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$219,089
Mission and Program Overview

Mission

To foster and convene a collaboration for shared and coordinated efforts to speak with a unified voice in the musculoskeletal biologics environment, advocating for the responsible use of biologics in clinical practice, spearheading standards development, and assessing and reporting on the safety and efficacy of biologic interventions.

To foster efforts to speak with a unified voice in the musculoskeletal biologics environment, and advocating for the efficacy & responsible use of biologics in clinical practice.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$196,634$255,806▲ $59,172
Rtn Earn Endowment Incm Other Fnds$196,634$255,806▲ $59,172
Prepaid Expenses and Deferred Charges$0$10,000▲ $10,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$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$196,634$265,806▲ $69,172
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$0$10,000▲ $10,000
Accounts Payable and Accrued Expenses$0$0→ $0
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
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$10,000▲ $10,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$196,634$255,806▲ $59,172
Total Liabilities and Net Assets / Fund Balance$196,634$265,806▲ $69,172
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shane ShapiroChair
Scott RodeoCo-Chair
Ken ZaslavPast Chair
Adam AnzDirector
Christian LattermannDirector
Don BufordDirector
Elizaveta Kon MDDirector
Frank PetriglianoDirector
John Cianca MDDirector
Kay Horsch MDDirector
Nathaniel NyeDirector
Brian ColeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$209,631
Investment Income
$0
Other Revenue
$9,458
Change in Net Assets
$59,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,917
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
Conferences and Meetings$69,527--$69,527
Fees for Services Other$39,833$27,547-$67,380
Advertising$6,462$5,040-$11,502
Fees for Services Legal-$2,535-$2,535
Travel$1,972--$1,972
Office Expenses$901$436-$1,337
Other Expenses$168$15$0$183
Total Functional Expenses$118,863$41,054$0$159,917
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
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
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, Part VI, Section A, Line 6

The organization shall have two classes of members: regular members and assosciate member organizations. The original regular member organizations of the corporation shall be the american orthopaedic society for sports medicine, the arthroscopy association of north america, the international cartilage regeneration & joint preservation society and the on foundation (the "original founding members"). Upon the unanimous vote of the regular member organizations, additional organizations may be accepted as regular member organizations. Each regular member organization will elect three delegates to the biologic association. Associate member organizations can join the biologic association upon the unanimous vote of the regular member organizations. Each regular member organization shall be entitled to one vote on matters coming before the members. Associate member organiazations will not have any voting privileges.

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

Form 990 is circulated electronically in advance of filing to the board of directors. Members of the board of directors may make inquiries of the association staff assigned to its preparation or of the independent auditors who prepared the return.

Form 990, Part VI, Section C, Line 19

Governing documents (bylaws), conflict of interest policy, and finanicial statements are available upon request.

Form 990, Part VI, Line 7A

Each Regular Member Organization shall appoint one (1) director to the corporation's board of directors. Secretary General will also hold a seat on the Board; however, these will be non-voting positions. The number of directors shall be not less than seven (7) nor more than fourteen (14).

Filing and Contact Details

Filer

Filer Name
Biologic Association
EIN
84-4301415
In Care Of
% THE ORGANIZATION
Phone
8472922262
Address
9400 W Higgins Road Suite 200, Rosemont, IL 60018

Signing Officer

Name
Shane Shapiro
Title
Chair
Phone
8472922262
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shane Shapiro
Formed
2019
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
12

Preparer

Firm
Forvis Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Bernadette D Zita
Phone
6302829500
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:consulting total fees:67380

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0436
IRS990/OfficeExpensesGrp/ProgramServicesAmt0901
IRS990/OfficeExpensesGrp/TotalAmt01337
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IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05481
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115
IRS990/OtherExpensesGrp/ProgramServicesAmt0168
IRS990/OtherExpensesGrp/TotalAmt05481
IRS990/OtherExpensesGrp/TotalAmt1183
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IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0WEBSITE REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt09458
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IRS990/OtherRevenueTotalAmt09458
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010000
IRS990/PrincipalOfficerNm0Shane Shapiro
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IRS990/ProgramServiceRevenueGrp/BusinessCd1561920
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IRS990/ProgramServiceRevenueGrp/Desc1SUMMIT REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc2EXHIBITORS FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt095000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt182931
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt231700
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt231700
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt092128
IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0213350
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt059172
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
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IRS990/RevenueAmt0209631
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0255806
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0134000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0329000
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0115000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0193981
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0329000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0209631
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0213350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0115000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0537981
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0219089
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0213350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0115000
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0547439
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION SHALL HAVE TWO CLASSES OF MEMBERS: REGULAR MEMBERS AND ASSOSCIATE MEMBER ORGANIZATIONS. THE ORIGINAL REGULAR MEMBER ORGANIZATIONS OF THE CORPORATION SHALL BE THE AMERICAN ORTHOPAEDIC SOCIETY FOR SPORTS MEDICINE, THE ARTHROSCOPY ASSOCIATION OF NORTH AMERICA, THE INTERNATIONAL CARTILAGE REGENERATION & JOINT PRESERVATION SOCIETY AND THE ON FOUNDATION (THE "ORIGINAL FOUNDING MEMBERS"). UPON THE UNANIMOUS VOTE OF THE REGULAR MEMBER ORGANIZATIONS, ADDITIONAL ORGANIZATIONS MAY BE ACCEPTED AS REGULAR MEMBER ORGANIZATIONS. EACH REGULAR MEMBER ORGANIZATION WILL ELECT THREE DELEGATES TO THE BIOLOGIC ASSOCIATION. ASSOCIATE MEMBER ORGANIZATIONS CAN JOIN THE BIOLOGIC ASSOCIATION UPON THE UNANIMOUS VOTE OF THE REGULAR MEMBER ORGANIZATIONS. EACH REGULAR MEMBER ORGANIZATION SHALL BE ENTITLED TO ONE VOTE ON MATTERS COMING BEFORE THE MEMBERS. ASSOCIATE MEMBER ORGANIAZATIONS WILL NOT HAVE ANY VOTING PRIVILEGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS CIRCULATED ELECTRONICALLY IN ADVANCE OF FILING TO THE BOARD OF DIRECTORS. MEMBERS OF THE BOARD OF DIRECTORS MAY MAKE INQUIRIES OF THE ASSOCIATION STAFF ASSIGNED TO ITS PREPARATION OR OF THE INDEPENDENT AUDITORS WHO PREPARED THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS (BYLAWS), CONFLICT OF INTEREST POLICY, AND FINANICIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each Regular Member Organization shall appoint one (1) director to the corporation's board of directors. Secretary General will also hold a seat on the Board; however, these will be non-voting positions. The number of directors shall be not less than seven (7) nor more than fourteen (14).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:CONSULTING TOTAL FEES:67380

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