Civic Intelligence

Biowell Inc.

990EZ • Fiscal year 2023 • EIN 88-3848972

Jan 01, 2023 to Dec 31, 2023 • Filed on May 07, 2024

Organization ProfileN/A
1025 South Shepher DrHouston, TX 77019

(650) 796-4838

Siviq Scores

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

Liabilities / Assets

74th percentile

0.03x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Net Margin

49th percentile

11%

Higher net margin than 49% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Top Officer Pay

90th percentile

$25,146

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Asset Growth

100th percentile

1627000%

Faster asset growth than 100% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets74th percentile

Assets

Flat

$16,271

Flat from 2023

Net Assets

$15,771

No earlier filing loaded for comparison.

Liabilities

Flat

$500

Flat from 2023

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin49th percentile

Revenue

Flat

$147,862

Flat from 2023

Expenses

Flat

$132,091

Flat from 2023

Net Income

Flat

$15,771

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$200K$100K$0-$100K-$200KAssets 2022: $1Liabilities 2022: $02022Assets 2023: $16,271Liabilities 2023: $500Net Assets 2023: $15,7712023Assets 2023: $16,271Liabilities 2023: $5002023Assets 2024: $7,466Liabilities 2024: $129,704Net Assets 2024: -$122,2382024

Highlighted filing

2023

Assets$16,271
Liabilities$500
Net Assets$15,771
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $147,862Expenses 2023: $132,091Net Income 2023: $15,7712023Revenue 2023: $147,862Expenses 2023: $132,091Net Income 2023: $15,7712023Revenue 2024: $264,601Expenses 2024: $395,454Net Income 2024: -$130,8532024

Highlighted filing

2023

Revenue$147,862
Expenses$132,091
Net Income$15,771
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 7, 2024
Return Version
2023v5.1
Gross Receipts
$147,862
Mission and Program Overview

Mission

BIOWELL INC IS A NON-PROFIT CORPORATION AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHING THE MEANING OF SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE PURPOSES OF THE CORPORATIN SHALL BE TO OPERATE A NON-PROFIT ACCELERATON FOR BIO-TECH STARTUPS TO SUPPORT AND PROMOTE GROWTH OF THE BIOECONOMY.

BIOWELL INC IS A NON-PROFIT CORPORATION AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHING THE MEANING OF SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

Program Services

DescriptionGrantsExpenses
BIOWELL INC PLANS TO LAUNCH AN ACCELERATOR PROGRAM IRBA (INDUSTRY, RESEARCH&LAB, BUSINESSACCELERATION)PROGRAM. THIS IS THE MAIN PROGRAM BIOWELL INC IS OFFERING TO QUALIFY START-UPTHAT WILL BE SELECTED THROUGH A SELECTION COMMITTEE CONSISTS OF KEY CORPORATE SPONSORS.$0$0
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARLOS ESTRADASecretaryPT$9,000$16,146$25,146
VERONICA WUPresidentPT$0--
ANTHONY BRECKENRIDGEDirectorPT$0--
PAUL PALMERExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Biowell Inc
EIN
88-3848972
Phone
6507964838
Address
1025 SOUTH SHEPHER DR, HOUSTON, TX 77019

Signing Officer

Name
Veronica Wu
Title
President
Phone
6507964838
Signed
2024-05-07

Preparer

Firm
VMT Corporation
Address
12914 Tall Spruce Dr, Cypress, TX 77429
Preparer
Vancy M Truong
Phone
7134098228
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“BANK CHARGES 35.”

Form 990EZ, Part I, Line 16

“Dues & subscriptions 5680.”

Form 990EZ, Part I, Line 16

“HR SERVICES 2000.”

Form 990EZ, Part I, Line 16

“Marketing and events 6039.”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSES 2928.”

Form 990EZ, Part II, Line 24

“PREPAID EXPENSES 9314.”

Raw XML Appendix187 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0HOUSTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd077019
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt06957
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IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/GrossReceiptsForPublicUseAmt00
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OccupancyRentUtltsAndMaintAmt012504
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt19000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt115000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0VERONICA WU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CARLOS ESTRADA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ANTHONY BRECKENRIDGE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3PAUL PALMER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt09314
IRS990EZ/OtherExpensesTotalAmt016682
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0BIOWELL INC IS A NON-PROFIT CORPORATION AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHING THE MEANING OF SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BIOWELL INC PLANS TO LAUNCH AN ACCELERATOR PROGRAM IRBA (INDUSTRY, RESEARCH&LAB, BUSINESSACCELERATION)PROGRAM. THIS IS THE MAIN PROGRAM BIOWELL INC IS OFFERING TO QUALIFY START-UPTHAT WILL BE SELECTED THROUGH A SELECTION COMMITTEE CONSISTS OF KEY CORPORATE SPONSORS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt040084
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0500
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0132091
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0147862
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0133839
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0133839
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0133839
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0133839
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0133839
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK CHARGES 35.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUES & SUBSCRIPTIONS 5680.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HR SERVICES 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MARKETING AND EVENTS 6039.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICE EXPENSES 2928.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PREPAID EXPENSES 9314.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0VERONICA WU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06507964838
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIOWELL INC
ReturnHeader/Filer/BusinessNameControlTxt0BIOW
ReturnHeader/Filer/EIN0883848972
ReturnHeader/Filer/PhoneNum06507964838
ReturnHeader/Filer/USAddress/AddressLine1Txt01025 SOUTH SHEPHER DR
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077019
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0833696171
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VMT Corporation
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012914 Tall Spruce Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cypress
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077429
ReturnHeader/PreparerPersonGrp/PhoneNum07134098228
ReturnHeader/PreparerPersonGrp/PreparationDt02024-06-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Vancy M Truong
ReturnHeader/ReturnTs02024-06-21T15:36:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0VERONICA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WU
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,271
Liabilities
$500
Net assets
$15,771
Revenue
$147,862
Expenses
$132,091
Net income
$15,771
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$1.30$1.22$2.65$3.95$1.31
2023Detailed filing. Detailed filing data is available for this year.$0.16$0.01$0.16$1.48$1.32$0.16
2023Summary only. Only limited summary data is available for this year.$0.16$0.01$1.48$1.32$0.16
2022Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00