Form 990 for tax year 2024
Filed by ILLINOIS BIOTECHNOLOGY INNOVATION ORGANIZATION.
Totals
- Total revenue
- $701,113
- Total expenses
- $661,507
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $517,000
- Investment income
- $0
- Other revenue
- $184,113
- Total assets, end of year
- $657,697
- Total liabilities, end of year
- $415,423
- Net assets or fund balances, end of year
- $242,274
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $279,352 · related or exempt $279,352
-
2b · Program service revenue: MEETINGS AND EDUCATION
total $124,492 · related or exempt $124,492
-
2c · Program service revenue: PROJECT SERVICE FEES
total $70,656 · related or exempt $70,656
-
2d · Program service revenue: LEGISLATIVE
total $25,000 · related or exempt $25,000
-
2e · Program service revenue: INDEX
total $17,500 · related or exempt $17,500
-
11a · Other revenue: PURCHASING PROGRAM
total $182,919 · excluded $182,919
-
11b · Other revenue: MISCELLANEOUS
total $1,194 · excluded $1,194
-
11e · Other revenue, total
$184,113
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $288,655
-
8 · Pension plan contributions
total $8,660
-
9 · Other employee benefits
total $13,682
-
10 · Payroll taxes
total $21,301
-
11c · Fees: accounting
total $22,228
-
11d · Fees: lobbying
total $54,000
-
11g · Fees: other
total $60,713
-
13 · Office expenses
total $47,994
-
16 · Occupancy
total $36,922
-
17 · Travel
total $53,246
-
19 · Conferences, conventions and meetings
total $32,866
-
23 · Insurance
total $3,162
-
24a · Other expenses: BAD DEBT EXPENSE
total $11,000
-
24b · Other expenses: BOARD EXPENSES
total $3,162
-
24c · Other expenses: PROGRAM SERVICES:PITW R
total $2,055
-
24d · Other expenses: CONSULTANTS
total $1,100
-
24e · All other expenses
total $761
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $272,883 · end of year $141,718
-
4 · Accounts receivable
beginning of year $430,217 · end of year $505,268
-
9 · Prepaid expenses and deferred charges
beginning of year $3,215 · end of year $7,711
-
15 · Other assets
beginning of year $3,000 · end of year $3,000
-
17 · Accounts payable and accrued expenses
beginning of year $44,037 · end of year $29,984
-
19 · Deferred revenue
beginning of year $77,100 · end of year $12,000
-
25 · Other liabilities
beginning of year $385,510 · end of year $373,439
-
27 · Net assets without donor restrictions
beginning of year $202,668 · end of year $242,274
Mission and programs · 2024
Mission
TO MAKE ILLINOIS AND THE SURROUNDING MIDWEST ONE OF THE WORLD'S TOP LIFE SCIENCES CENTERS, A GREAT PLACE TO DO BUSINESS, AND A GREAT PLACE TO GROW NEW TECHNOLOGY VENTURES. IBIO PROMOTES SOUND POLICY AT THE LOCAL, STATE, AND FEDERAL LEVELS; IMPROVES ITS REGION'S ABILITY TO CREATE, ATTRACT, AND RETAIN BUSINESSES; ORCHESTRATES INDUSTRY INVOLVEMENT TO HELP SOLVE AMERICA'S MATH AND SCIENCE EDUCATION CRISIS; AND CONTRIBUTES TO THE WELL-BEING OF PEOPLE WORLDWIDE BY CREATING NEW JOBS, WEALTH, AND PROSPERITY.
Activities or mission (Part I)
TO MAKE ILLINOIS AND SURROUNDING MIDWEST ONE OF THE WORLD'S TOP LIFE SCIENCE CENTERS.
-
ADVOCACY - PROMOTES SOUND POLICY DEVELOPMENT AT THE LOCAL, STATE, AND FEDERAL LEVELS AND ANNUALLY HONORS ELECTED AND APPOINTED GOVERNMENT OFFICIALS WHO HAVE MADE VALUABLE CONTRIBUTIONS TO BIOTECHNOLOGY.
-
MEMBERSHIP - BUILDS COMMUNITY BY PROVIDING OPPORTUNITIES TO CONNECT AND ENGAGE WITH THE BIOTECHNOLOGY INDUSTRY.
-
EDUCATION - HOSTS A VARIETY OF EVENTS, INCLUDING SEMINARS, COURSES, AND ROUNDTABLES, THAT FOCUS ON EDUCATION, NETWORKING, INDUSTRY DEVELOPMENTS, AND BEST PRACTICES IN BIOTECHNOLOGY.
-
PUBLICATIONS - PROVIDES BIOTECHNOLOGY NEWS AND UPDATES ON ITS WEBSITE AND PUBLISHES EDITORIALS, INFORMATION ON INDUSTRY DEVELOPMENTS, BEST PRACTICE ARTICLES, AND STORIES OF SUCCESS IN BIOTECHNOLGY THROUGH ITS BIOLOGICAL QUARTERLY MAGAZINE.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Steven DucommunSTEVEN DUCOMMUN
CORPORATE SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Blair KomasinskiBLAIR KOMASINSKI
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Norbert Riedel PhDNORBERT RIEDEL PHD
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
John BatheryJOHN BATHERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jeff BergauJEFF BERGAU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Drue DuncanDRUE DUNCAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Michael FlavinMICHAEL FLAVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
David FlowersDAVID FLOWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Patrick GattariPATRICK GATTARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Ashish KhannaASHISH KHANNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Dan LyneDAN LYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Nancy SullivanNANCY SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Tres JohnsonTRES JOHNSON
PAST DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Harry RowlandHARRY ROWLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Rahul JerathRAHUL JERATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kenneth JohnsonKENNETH JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Eric MessnerERIC MESSNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jim SullivanJIM SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Geoff CurtisGEOFF CURTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Abner Garcia-DelgadoABNER GARCIA-DELGADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Heidi GilmoreHEIDI GILMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Joe HrdlickaJOE HRDLICKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kevin JohnsonKEVIN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Khaled El-ChebliKHALED EL-CHEBLI
NEW DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Gerald StovalGERALD STOVAL
NEW DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Marilyn VetterMARILYN VETTER
VICE CHAIR HUMAN HEALTH
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
John ConradJOHN CONRAD
PRESIDENT & CEO
- Total calculated
- $0
- Hours/week
- 20 + 20 related
-
Ann VogelANN VOGEL
SENIOR VP, EDUCATE
- Total calculated
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503169349307525
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