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Nonprofiteer
← BIOGENERATOR

Form 990 for tax year 2022

Filed by BIOGENERATOR.

Totals

Total revenue
$11,680,607
Total expenses
$8,827,082
Contributions and grants received
$7,303,340
Grants paid
$0
Program service revenue
$716,595
Investment income
$3,660,672
Other revenue
$0
Total assets, end of year
$19,077,646
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$19,077,646
Program services expenses (Part IX)
$7,731,161
Management and general expenses
$931,374
Fundraising expenses
$164,547
Program service expenses (Part III)
$7,731,161

Program services were 87.6% 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.

  • 1d · Related organizations

    $6,176,167

  • 1e · Government grants (contributions)

    $952,173

  • 1f · All other contributions, gifts and grants

    $175,000

  • 2a · Program service revenue: LAB RENT REVENUE

    total $619,534 · related or exempt $619,534

  • 2b · Program service revenue: ZURHEIDE AND NORTH LOT

    total $43,850 · related or exempt $43,850

  • 2c · Program service revenue: CORTEX LOT AND PARKING

    total $30,145 · related or exempt $30,145

  • 2d · Program service revenue: LICENSE FEE REVENUE

    total $23,066 · related or exempt $23,066

  • 3 · Investment income

    total $124 · excluded $124

  • 7a · Gross sales of assets other than inventory

    securities $6,000,018

  • 7b · Less cost or other basis and sales expenses

    securities $2,339,470

  • 7c · Gain or loss

    securities $3,660,548

  • 7d · Net gain or loss

    total $3,660,548 · excluded $3,660,548

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $390,740 · program services $175,833 · management and general $136,759 · fundraising $78,148

  • 7 · Other salaries and wages

    total $1,819,094 · program services $1,512,364 · management and general $242,977 · fundraising $63,753

  • 8 · Pension plan contributions

    total $193,684 · program services $159,483 · management and general $26,746 · fundraising $7,455

  • 9 · Other employee benefits

    total $385,410 · program services $316,528 · management and general $53,691 · fundraising $15,191

  • 11a · Fees: management

    total $128,400 · program services $128,400

  • 11b · Fees: legal

    total $193,025 · program services $193,025

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11g · Fees: other

    total $1,906,552 · program services $1,906,552

  • 12 · Advertising and promotion

    total $3,537 · program services $3,537

  • 13 · Office expenses

    total $82,303 · program services $38,910 · management and general $43,393

  • 14 · Information technology

    total $140,500 · program services $67,862 · management and general $72,638

  • 16 · Occupancy

    total $1,168,608 · program services $1,168,608

  • 17 · Travel

    total $20,917 · program services $17,989 · management and general $2,928

  • 19 · Conferences, conventions and meetings

    total $27,504 · program services $23,653 · management and general $3,851

  • 22 · Depreciation, depletion and amortization

    total $336,357 · management and general $336,357

  • 23 · Insurance

    total $3,791 · program services $1,846 · management and general $1,945

  • 24a · Other expenses: PRI INCREASE RESERVES

    total $1,862,221 · program services $1,862,221

  • 24b · Other expenses: EQUIPMENT LEASE/REPAIRS

    total $108,968 · program services $108,968

  • 24c · Other expenses: PARKING

    total $25,741 · program services $25,741

  • 24d · Other expenses: BUSINESS MEALS

    total $17,757 · program services $15,271 · management and general $2,486

  • 24e · All other expenses

    total $8,973 · program services $4,370 · management and general $4,603

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,459 · end of year $566,561

  • 2 · Savings and temporary cash investments

    beginning of year $3,804,249 · end of year $1,885

  • 4 · Accounts receivable

    beginning of year $419,725 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $4,145,730

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,675,275

  • 10c · Land, buildings and equipment, net

    beginning of year $238,027 · end of year $470,455

  • 11 · Investments: publicly traded securities

    beginning of year $3,493,047 · end of year $9,029,690

  • 13 · Investments: program-related

    beginning of year $10,120,141 · end of year $9,009,055

  • 17 · Accounts payable and accrued expenses

    beginning of year $447 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $18,228,201 · end of year $19,077,646

Mission and programs · 2022

Mission

TO ADVANCE ST. LOUIS' REGIONAL PROSPERITY BY CULTIVATING A THRIVING BIOSCIENCES SECTOR. BIOGENERATOR PURSUES THIS MISSION BY PRODUCING FOR THE REGION A ROBUST PIPELINE OF SUCCESSFUL BIOSCIENCE COMPANIES AND ENTREPRENEURS.

Activities or mission (Part I)

TO ADVANCE ST. LOUIS' REGIONAL PROSPERITY BY CULTIVATING A THRIVING BIOSCIENCES SECTOR. BIOGENERATOR PURSUES THIS MISSION BY BUILDING AND INVESTING IN A ROBUST PIPELINE OF SUCCESSFUL BIOSCIENCE COMPANIES AND ENTREPRENEURS.

  • AS PART OF ITS PROOF OF CONCEPT PURPOSE, BIOGENERATOR ASSISTS IN THE DEVELOPMENT OF ORGANIZATIONS, WHICH MEET THE EXEMPT PURPOSE OF BIOGENERATOR BY PROVIDING GUIDANCE/FEEDBACK ON BUSINESS STRATEGIES, PRESENTATIONS, BUSINESS PLANS, FUND-RAISING STRATEGIES, CORPORATE PARTNER NEGOTIATIONS, INTRODUCING COMPANIES TO HIGH QUALITY PROFESSIONAL SERVICE PROVIDERS AND ASSISTING IN PREPARATION OF FINANCIAL PROJECTIONS, BUDGETS AND TIMELINES. BIOGENERATOR FUNDED SERVICES TO 20 NEW COMPANIES IN 2022.

    Expenses $4,716,008

  • BIOGENERATOR CREATED A 17,150 SQUARE FOOT LAB FACILITY WHICH IS MADE AVAILABLE TO CLIENT COMPANIES OR ENTREPRENEURS IN THE PRE-COMPANY/EARLIEST PHASES OF COMMERCIALIZATION TO ESTABLISH LABORATORY OPERATIONS AND INITIATE PROOF OF CONCEPT STUDIES WITHOUT HAVING TO RAISE THE CAPITAL REQUIRED TO PURCHASE MOST EQUIPMENT AND RENT LABORATORY SPACE.

    Expenses $1,468,921 · Revenue $716,595

  • A SUBSET OF BIOGENERATOR STAFF PROVIDE EDUCATIONAL SERVICES AND MENTORING TO PROSPECTIVE AND INEXPERIENCED ENTREPRENEURS WITH THE INTENTION OF EQUIPPING THE INDIVIDUALS WITH THE KNOWLEDGE TO SUCCESSFULLY DEVELOP A TECHNOLOGY AND BRING THAT BENEFIT TO THE COMMUNITY. THIS PROGRAM, WHILE STILL ACTIVE, IS INTEGRATED IN ALL AREAS OF BIOGENERATOR SUPPORT.

    Expenses $850,428

  • BIOGENERATOR INVESTMENT STAFF OFFERS COMMERCIALIZATION GUIDANCE AND ADVICE ON A SUBSET OF MORE PROMISING CONCEPTS ORIGINATING FROM UNIVERSITY FACULTY OR ENTREPRENEURS ABOUT THE COMMERCIALIZATION PROCESS, AND WORKING WITH THE INDIVIDUALS, HELPS TO FORMULATE A DEVELOPMENT PLAN BY PROVIDING SUPPORT IN THE FORM OF ADVICE AND MENTORING. IT CONNECTS NEW BUSINESSES TO PROFESSIONAL SERVICES INCLUDING LAW FIRMS AND ACCOUNTING FIRMS, RECRUITS SCIENTIFIC AND MANAGEMENT TALENT AND DIRECT ENTREPRENEURS TO MANAGEMENT TRAINING PROGRAMS.BIOGENERATOR STAFF CONTINUOUSLY NETWORK TO SEEK OUT COMMERCIALLY PROMISING TECHNOLOGIES. THEY MEET WITH UNIVERSITY FACULTY, INCLUDING WASHINGTON UNIVERSITY, SAINT LOUIS UNIVERSITY, AND THE UNIVERSITY OF MISSOURI/ST. LOUIS. THEY ROUTINELY NETWORK WITH CORPORATIONS BASED IN ST. LOUIS WITH A FOCUS ON LIFE SCIENCES, SUCH AS MONSANTO, SIGMA ALDRICH, AND MALLINCKRODT. BIOGENERATOR ALSO WORKS WITH A VARIETY OF DEVELOPMENT PARTNERS INCLUDING BIOSTL, CIC@CET, THE DONALD DANFORTH PLANT SCIENCE CENTER, CORTEX INNOVATION COMMUNITY, MISSOURI TECHNOLOGY CORPORATION, THE CITY OF ST. LOUIS, AND ST. LOUIS COUNTY.AS A RESULT, BIOGENERATOR STAFF INVEST CONSIDERABLE TIME IN COMPLETING TECHNICAL ASSESSMENTS ON NEW TECHNOLOGIES. THIS INVOLVES PROVIDING EDUCATION TO THOSE INVOLVED ON HOW TO IMPROVE OR FURTHER DEVELOP THEIR TECHNOLOGY, SPECIFICALLY AS IT PERTAINS TO MEETING A NEED OF THE COMMUNITY. BIOGENERATOR HAD OVER 100 TECHNOLOGIES THAT WERE IDENTIFIED FOR CONSIDERATION. THE MAJORITY OF THESE OPPORTUNITIES INVOLVED TECHNOLOGIES LICENSED OR EMERGING FROM UNIVERSITIES OR RESEARCH INSTITUTIONS.

    Expenses $695,804

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donn Rubin

    BOARD MEMBER/CHAIR/SEC/TREASURER

    Total calculated
    $704,747
    From this org
    $0
    From related orgs
    $573,875
    Other
    $130,872
    Hours/week
    10 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,600 related
    Bonus
    $0 + $72,275 related
    Other
    $0
    Deferred
    $0 + $91,500 related
    Nontaxable benefits
    $0 + $39,372 related
    Filer's total
    $0 + $704,747 related

  • Eric Gulve

    BOARD MEMBER/PRESIDENT

    Total calculated
    $390,740
    From this org
    $0
    From related orgs
    $309,036
    Other
    $81,704
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,736 related
    Bonus
    $0 + $27,300 related
    Other
    $0
    Deferred
    $0 + $28,174 related
    Nontaxable benefits
    $0 + $53,530 related
    Filer's total
    $0 + $390,740 related

  • Charlie Bolten

    SENIOR VICE PRESIDENT

    Total calculated
    $335,517
    From this org
    $0
    From related orgs
    $279,544
    Other
    $55,973
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,364 related
    Bonus
    $0 + $26,180 related
    Other
    $0
    Deferred
    $0 + $25,336 related
    Nontaxable benefits
    $0 + $30,637 related
    Filer's total
    $0 + $335,517 related

  • Christina Green

    BOARD MEMBER

    Total calculated
    $253,842
    From this org
    $0
    From related orgs
    $211,159
    Other
    $42,683
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,101 related
    Bonus
    $0 + $12,058 related
    Other
    $0
    Deferred
    $0 + $19,910 related
    Nontaxable benefits
    $0 + $22,773 related
    Filer's total
    $0 + $253,842 related

  • Shawn Soutiere

    CDM DIRECTOR

    Total calculated
    $226,172
    From this org
    $0
    From related orgs
    $176,346
    Other
    $49,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $171,813 related
    Bonus
    $0 + $4,533 related
    Other
    $0
    Deferred
    $0 + $17,181 related
    Nontaxable benefits
    $0 + $32,645 related
    Filer's total
    $0 + $226,172 related

  • Crystal Winkeler

    MANAGING DIRECTOR

    Total calculated
    $212,686
    From this org
    $0
    From related orgs
    $166,667
    Other
    $46,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $166,667 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,667 related
    Nontaxable benefits
    $0 + $29,352 related
    Filer's total
    $0 + $212,686 related

  • Thomas Cohen

    DIRECTOR

    Total calculated
    $203,400
    From this org
    $0
    From related orgs
    $159,900
    Other
    $43,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $150,000 related
    Bonus
    $0 + $9,900 related
    Other
    $0
    Deferred
    $0 + $15,000 related
    Nontaxable benefits
    $0 + $28,500 related
    Filer's total
    $0 + $203,400 related

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 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT AND OTHER HIGHLY PAID EMPLOYEES COMPLETE A SELF-EVALUATION BASED ON JOB RESPONSIBILITIES AND GOALS. THE HIGHLY PAID EMPLOYEE EVALUATIONS ARE SUBMITTED TO THE PRESIDENT OF BIOGENERATOR WHO REVIEWS THE INDIVIDUAL EVALUATIONS WITH THE CHAIRMAN. THE EVALUATIONS ARE DISCUSSED AND AN OVERALL ASSESSMENT COMPLETED. THE PRESIDENT SUBMITS HIS SELF-EVALUATION TO THE CHAIRMAN WHO COMPLETES AN OVERALL ASSESSMENT. THIS DETERMINES IF ADDITIONAL COMPENSATION SHOULD BE AWARDED IN THE FORM OF MERIT INCREASES AND/OR A BONUS. A SIMILAR PROCESS IS USED BY BIOSTL, A RELATED ORGANIZATION. DONN RUBIN DOES NOT RECEIVE A SALARY FROM BIOGENERATOR. THE COMPENSATION IS PAID BY RELATED ORGANIZATIONS FOR SERVICES TO THOSE ORGANIZATIONS. THE OTHER EMPLOYEES LISTED ON SCHEDULE J ARE PAID BY BIOSTL AND BIOGENERATOR REIMBURSES BIOSTL FOR THE TIME WORKED AT BIOGENERATOR. BOTH ENTITIES HAVE SUBSTANTIALLY THE SAME PROCEDURES FOR DETERMINING COMPENSATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HYPHA LIFE SCIENCES LLC

    SUPPORT BIOTECHNOLOGY AND LIFE SCIENCES FIELDS · DE · income -$297,840 · assets $334,556

    Directly controlled by BIOGENERATOR

  • SOLIS AGROSCIENCES LLC

    SUPPORT BIOTECHNOLOGY AND LIFE SCIENCES FIELDS · DE · income -$33,704 · assets $333,775

    Directly controlled by HYPHA LIFE SCIENCES LLC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BIOGENERATOR CATALYST 010 LLC

    EXCLUDED · PROGRAM RELATED INVESTMENT · MO · 63.13% owned · general or managing partner

    Directly controlled by BIOGENERATOR

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349317192

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