Skip to content
Nonprofiteer
← BIONORTHTEXAS FOUNDATION

Form 990 for tax year 2024

Filed by BIONORTHTEXAS FOUNDATION.

Totals

Total revenue
$1,066,113
Total expenses
$911,982
Contributions and grants received
$504,512
Grants paid
$0
Program service revenue
$559,826
Investment income
$0
Other revenue
$1,775
Total assets, end of year
$418,310
Total liabilities, end of year
$153,820
Net assets or fund balances, end of year
$264,490
Program services expenses (Part IX)
$748,587
Management and general expenses
$98,037
Fundraising expenses
$65,358
Program service expenses (Part III)
$748,587

Program services were 82.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $227,190

  • 1f · All other contributions, gifts and grants

    $277,322

  • 2a · Program service revenue: IC3 LIFE SCIENCE CONF.

    total $509,785 · related or exempt $509,785

  • 2b · Program service revenue: OTHER EVENT INCOME

    total $7,909 · related or exempt $7,909

  • 2c · Program service revenue: PURCHASING PROGRAM INCOME

    total $42,132 · related or exempt $42,132

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $1,775 · related or exempt $1,775

  • 11e · Other revenue, total

    $1,775

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $215,524 · program services $172,419 · management and general $10,776 · fundraising $32,329

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $212,001 · program services $148,253 · management and general $53,296 · fundraising $10,452

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $20,961 · program services $15,693 · management and general $3,201 · fundraising $2,067

  • 10 · Payroll taxes

    total $28,286 · program services $21,214 · management and general $4,243 · fundraising $2,829

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $701 · program services $525 · management and general $106 · fundraising $70

  • 11c · Fees: accounting

    total $30,487 · program services $22,865 · management and general $4,573 · fundraising $3,049

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $16,380 · program services $12,285 · management and general $2,457 · fundraising $1,638

  • 12 · Advertising and promotion

    total $29,196 · program services $21,897 · management and general $4,379 · fundraising $2,920

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $8,921 · program services $6,691 · management and general $1,338 · fundraising $892

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $660 · program services $495 · management and general $99 · fundraising $66

  • 17 · Travel

    total $24,880 · program services $18,660 · management and general $3,732 · fundraising $2,488

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $258,399 · program services $258,399

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $43,899 · program services $32,926 · management and general $6,584 · fundraising $4,389

  • 24b · Other expenses: SUPPLIES

    total $9,647 · program services $7,235 · management and general $1,447 · fundraising $965

  • 24c · Other expenses: BANK CHARGES & MERCHANT FEES

    total $5,495 · program services $4,121 · management and general $824 · fundraising $550

  • 24d · Other expenses: BAD DEBTS

    total $5,261 · program services $3,946 · management and general $789 · fundraising $526

  • 24e · All other expenses

    total $1,284 · program services $963 · management and general $193 · fundraising $128

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,812 · end of year $258,901

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $149,204 · end of year $124,296

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,739 · end of year $35,113

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,346 · end of year $125,160

  • 19 · Deferred revenue

    beginning of year $73,781 · end of year $28,660

  • 27 · Net assets without donor restrictions

    beginning of year $117,628 · end of year $264,490

Mission and programs · 2024

Mission

The BIONORTHTEXAS Foundation (BioNTX) is a Texas Membership Association designed to support company formation and industry growth in the bioscience sector. The organization spans 26 counties in North Texas and is committed to collaboration and helping small companies find the resources they need to bring their drug, device, or service (product) to market. BioNTX is the life science, biotechnology, and healthcare trade organization serving North Texas innovation through high level educational programming, professional development, collaborative networking, mentorship, Bioresource access, purchasing power, advocacy, and marketing. We are the Voice and Champion for North Texas bioscience and healthcare innovation.

  • The Annual iC Life Science & Healthcare Innovation Summit is a dynamic platform for the North Texas bioscience and healthcare community to engage in thoughtful discussions, share cutting-edge research, and explore emerging technologies with potential to revolutionize the future of biotechnology, health care and human health. ( iC represents the formula Innovation = Capital x Collaboration x Commercialization)

    Expenses $727,975 · Revenue $535,546

  • The Bridge Between Research, Clinical Trials, & Manufacturing program highlights North Texas clinical trial ecosystem and includes a tour of the Texas Research Quarter to explore cutting-edge facilities.

    Expenses $11,609 · Revenue $13,700

  • The Women Driving Innovation Program highlights women shaping the life sciences industry through innovative leadership and pioneering new practices. Celebrate International Women's Day and connect with women leaders in the North Texas life sciences sector.

    Expenses $9,003 · Revenue $10,580

As filed on the 2024 return.

Listed in Part VII

  • Kathleen Otto-Rosenblum

    CEO

    Total calculated
    $215,525
    From this org
    $214,954
    From related orgs
    $0
    Other
    $571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    $84,954
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $571
    Filer's total
    $215,525
  • Jason Wietjes

    Chairman

    Total calculated
    $0
    Hours/week
    1
  • Thomas Fagley

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Kristin Lonergan

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Arthur Clapp

    Director

    Total calculated
    $0
    Hours/week
    1
  • Milton De La Paz

    Director

    Total calculated
    $0
    Hours/week
    1
  • David Foster

    Director

    Total calculated
    $0
    Hours/week
    1
  • Maxwell Lea

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jorge Varela

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jon Weidanz

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202503169349309460

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.