Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $92,839,485

• 1f · All other contributions, gifts and grants

  $30,000

• 2a · Program service revenue: MEMBERSHIP DUES

  total $2,267,650 · related or exempt $2,267,650

• 3 · Investment income

  total $1,673 · excluded $1,673

• 11a · Other revenue: MASTER SERVICES AGREEMENT FEES

  total $572,808 · excluded $572,808

• 11b · Other revenue: COST SHARE REIMBURSEMENT

  total $203,200 · excluded $203,200

• 11c · Other revenue: WORKSHOP REGISTRATION FEES

  total $149,642 · excluded $149,642

• 11d · All other revenue

  total $56,922 · excluded $56,922

• 11e · Other revenue, total

  $982,572

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $37,298,805

• 5 · Compensation of officers, directors and key employees

  total $2,854,078

• 6 · Compensation of disqualified persons

  total $156,250

• 7 · Other salaries and wages

  total $11,970,837

• 8 · Pension plan contributions

  total $729,727

• 9 · Other employee benefits

  total $1,100,300

• 10 · Payroll taxes

  total $1,023,970

• 11b · Fees: legal

  total $1,337,139

• 11c · Fees: accounting

  total $1,503,628

• 11d · Fees: lobbying

  total $690,000

• 11g · Fees: other

  total $2,620,677

• 12 · Advertising and promotion

  total $3,484

• 13 · Office expenses

  total $107,120

• 14 · Information technology

  total $1,252,376

• 16 · Occupancy

  total $2,093,192

• 17 · Travel

  total $782,586

• 19 · Conferences, conventions and meetings

  total $463,815

• 22 · Depreciation, depletion and amortization

  total $340,819

• 23 · Insurance

  total $573,319

• 24a · Other expenses: OTHER EXPENSE

  total $269,859

• 24b · Other expenses: EQUIPMENT

  total $126,343

• 24c · Other expenses: DUES AND FEES

  total $114,831

• 24d · Other expenses: PARTICIPANT SUPPORT

  total $78,798

• 24e · All other expenses

  total $83,236

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,657,971 · end of year $2,040,595

• 2 · Savings and temporary cash investments

  beginning of year $9,670,435 · end of year $2,172,107

• 3 · Pledges and grants receivable

  beginning of year $10,723,378 · end of year $22,753,513

• 4 · Accounts receivable

  beginning of year $1,315,494 · end of year $472,721

• 9 · Prepaid expenses and deferred charges

  beginning of year $585,898 · end of year $901,419

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

  $42,480,136

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

  $617,357

• 10c · Land, buildings and equipment, net

  beginning of year $1,275,374 · end of year $41,862,779

• 14 · Intangible assets

  end of year $3,111,290

• 15 · Other assets

  beginning of year $7,380,041 · end of year $25,508,151

• 17 · Accounts payable and accrued expenses

  beginning of year $19,126,961 · end of year $21,204,153

• 19 · Deferred revenue

  beginning of year $1,380,580 · end of year $1,007,194

• 25 · Other liabilities

  beginning of year $13,025,286 · end of year $43,989,248

• 27 · Net assets without donor restrictions

  beginning of year $4,075,764 · end of year $32,621,980

The filer's explanations (Part III)

PART I, LINE 4A

DIANE PIEROTTI, FORMER CFOO, SEPARATED FROM THE ORGANIZATION ON SEPTEMBER 30, 2024 AND RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $26,100 IN CALENDAR YEAR 2024.

Disregarded entities

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

• BIOMADE MERIDIAN LLC

  TO SUPPORT BIOINDUSTRIAL MANUFACTURING · MN · income $2,098,685 · assets $18,831,845

  Directly controlled by BIOMADE

• BIOMADE PPN LLC

  TO SUPPORT BIOINDUSTRIAL MANUFACTURING · MN · income $0 · assets $0

  Directly controlled by BIOMADE

• BIOMADE MN LLC

  TO SUPPORT BIOINDUSTRIAL MANUFACTURING · MN · income $215,992 · assets $0

  Directly controlled by BIOMADE PPN LLC

• BIOMADE CA LLC

  TO SUPPORT BIOINDUSTRIAL MANUFACTURING · CA · income $22,171,245 · assets $41,075,210

  Directly controlled by BIOMADE PPN LLC