Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Biologic Association
990 • Fiscal year 2023 • EIN 84-4301415
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
86th percentile
Higher net margin than 86% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
78th percentile
Faster asset growth than 78% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Up$343,393
Up $77,587 (+29%) from 2022
Net Assets
Up$343,393
Up $87,587 (+34%) from 2022
Liabilities
Down$0
Down $10,000 (-100%) from 2022
Revenue And Expenses
Revenue
Up$222,925
Up $3,836 (+1.8%) from 2022
Expenses
Down$135,338
Down $24,579 (-15%) from 2022
Net Income
Up$87,587
Up $28,415 (+48%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Nov 7, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $222,925
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $255,806 | $343,393 | ▲ $87,587 |
| Rtn Earn Endowment Incm Other Fnds | $255,806 | $343,393 | ▲ $87,587 |
| Prepaid Expenses and Deferred Charges | $10,000 | - | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Loans From Officers Directors | - | $0 | - |
| Total Assets | $265,806 | $343,393 | ▲ $77,587 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Deferred Revenue | $10,000 | - | - |
| Other Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $10,000 | $0 | ▼ $10,000 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $255,806 | $343,393 | ▲ $87,587 |
| Total Liabilities and Net Assets / Fund Balance | $265,806 | $343,393 | ▲ $77,587 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| - | Chair |
| - | Co-Chair |
| - | Past Chair |
| - | Director |
| - | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $215,289
- Investment Income
- $0
- Other Revenue
- $7,636
- Change in Net Assets
- $87,587
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $135,338 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Conferences and Meetings | $70,993 | - | - | $70,993 |
| Fees for Services Management | $39,555 | - | - | $39,555 |
| Advertising | $3,969 | $1,386 | - | $5,355 |
| Information Technology | $4,700 | - | - | $4,700 |
| Fees for Services Accounting | $4,500 | - | - | $4,500 |
| Travel | $3,819 | - | - | $3,819 |
| Fees for Services Legal | - | $2,886 | - | $2,886 |
| Office Expenses | $466 | $18 | - | $484 |
| Other Expenses | $190 | $91 | - | $281 |
| Total Functional Expenses | $128,192 | $7,146 | $0 | $135,338 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Receivables from Disqualified Persons | - | $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, Line 6 Classes of members or stockholders
“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 iginal 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, Line 7A Members or stockholders electing members of governing body
“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).”
Form 990, Part VI, Line 11B Review of form 990 by governing body
“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, Line 19 Required documents available to the public
“Governing documents (bylaws), conflict of interest policy, and finanicial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Biologic Association
- EIN
- 84-4301415
- Phone
- 8472922262
- Address
- 9400 W HIGGINS ROAD SUITE 200, ROSEMONT, IL 60018
Signing Officer
- Name
- Scott Rodeo
- Title
- Chair
- Signed
- 2024-11-07
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 2019
- Legal Domicile
- Il
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 0
- Volunteers
- 12
Preparer
- Firm
- Forvis Mazars LLP
- Address
- 1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
- Preparer
- Anne White
- Phone
- 6302829500
Raw XML AppendixShowing 400 of 469 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/PartialLiquidationInd | 0 | false |
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| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | SCOTT RODEO |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 813910 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 561920 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 561920 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Membership Dues |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Summit Registration |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Exhibitors Fees |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 53089 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 57200 |
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| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 53089 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 57200 |
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| IRS990/PYOtherRevenueAmt | 0 | 9458 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 209631 |
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| IRS990/PYTotalExpensesAmt | 0 | 159917 |
| IRS990/PYTotalRevenueAmt | 0 | 219089 |
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| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt | 0 | 44000 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 59000 |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | DESCRIPTION - WEBSITE REVENUE, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 9458.0, COLUMN E - 6736.0, COLUMN F - 16194.0; |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part III, Line 12 Other Income |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 115000 |
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| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 114631 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 79350 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 305170 |
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| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 5000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 44000 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 59000 |
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| IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 IGINAL 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/ExplanationTxt | 1 | 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). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS (BYLAWS), CONFLICT OF INTEREST POLICY, AND FINANICIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 6 Classes of members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 11b Review of form 990 by governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 19 Required documents available to the public |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IL |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 265806 |
| IRS990/TotalAssetsEOYAmt | 0 | 343393 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 265806 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 343393 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $343,393
- Liabilities
- $0
- Net assets
- $343,393
- Revenue
- $222,925
- Expenses
- $135,338
- Net income
- $87,587