Overview
What is Illinois Biotechnology Innovation Organization?
The Illinois Biotechnology Innovation Organization (IBIO) is a prominent nonprofit organization situated in Chicago, Illinois. Its primary mission is to advance Illinois and the surrounding Midwest region as a leading global center for life sciences. To accomplish this, IBIO advocates for sound policy development at local, state, and federal levels, recognizing and honoring influential government officials who significantly contribute to biotechnology. Additionally, IBIO works towards enhancing the region's capacity to establish, attract, and retain businesses in the life sciences sector. The organization also collaborates with industry partners to address America's ongoing math and science education crisis. Ultimately, IBIO's objectives are to foster new job opportunities, wealth, and prosperity, thereby contributing positively to people's lives worldwide.
Official website here: www.ibio.org
Is Illinois Biotechnology Innovation Organization legitimate?
Illinois Biotechnology Innovation Organization is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Biotechnology Innovation Organization submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $315,397
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Official website here: www.ibio.org
What is the mission statement of Illinois Biotechnology Innovation Organization?
The Illinois Biotechnology Innovation Organization's mission is to establish its region as one of the world's leading centers for life sciences. To achieve this, the organization advocates for favorable policies at local, state, and federal levels. It also works to enhance the region's capacity to attract, create, and retain businesses in the life sciences sector. Furthermore, IBIO engages the industry to address the nation's math and science education crisis. Lastly, the organization contributes to global prosperity by generating jobs, wealth, and growth through the development of new technology ventures.
Official website here: www.ibio.org
Who is the CEO of Illinois Biotechnology Innovation Organization?
John Conrad is the Corporate Secretary of Illinois Biotechnology Innovation Organization. The CEO's salary of Illinois Biotechnology Innovation Organization is $0 and their total compensation is $0.
Official website here: www.ibio.org
What is the revenue of Illinois Biotechnology Innovation Organization?
Illinois Biotechnology Innovation Organization's revenue in 2022 was $742,849.
Official website here: www.ibio.org
Who are the executives of Illinois Biotechnology Innovation Organization and what are their salaries?
Here are 29 key members and their salaries (Illinois Biotechnology Innovation Organization's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.ibio.org
Where can I find the form 990 for Illinois Biotechnology Innovation Organization?
Illinois Biotechnology Innovation Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ibio.org
Learn more at the official website: www.ibio.org
Mission Statement of Illinois Biotechnology Innovation Organization
Illinois Biotechnology Innovation Organization (IBIO) strives to elevate Illinois and its surrounding Midwest region to become a leading global center for life sciences. Their mission encompasses three key objectives: firstly, they aim to establish their region as an attractive business environment for life science ventures. Secondly, IBIO works towards fostering the creation and retention of innovative businesses in the sector. Lastly, they are dedicated to addressing the nation's math and science education crisis by engaging industry players in this endeavor. By achieving these objectives, IBIO aspires to contribute positively to the well-being of people worldwide, creating new job opportunities, wealth, and prosperity.
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Impact
October, 2024
The Illinois Biotechnology Innovation Organization has a significant impact on the life sciences sector in Illinois and the broader Midwest. By advocating for sound policy development at local, state, and federal levels, it actively shapes an environment conducive to the growth of biotechnology. The organization recognizes and honors elected and appointed officials who contribute meaningfully to the industry, fostering collaboration between government and biotech stakeholders.
Its mission to make the Midwest a premier destination for life sciences enhances the region's ability to create, attract, and retain businesses. This effort not only helps nurture new technology ventures but also plays a vital role in addressing the critical issues surrounding math and science education in America, ensuring a skilled workforce for the future. Additionally, by driving job creation and economic prosperity, the organization contributes to the overall well-being of communities, making a lasting impact in the region and beyond.
This information is meant to be a general summary of Illinois Biotechnology Innovation Organization. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $646,616
- Gross Receipts: $780,759
Assets and Liabilities:
- Total Assets: $540,353
- Total Liabilities: $391,515
- Net Assets: $148,838
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$253,349
LEGISLATIVE
Revenue
$205,000
MEETINGS AND EDUCATION
Revenue
$124,767
PROJECT SERVICE FEES
Revenue
$63,500
Organization Details
Founding Year
1999
Phone
(312) 422-1111Principal Officer
John Conrad
Main Address
400 N ABERDEEN ST 900, CHICAGO, IL, 60642
Website
www.ibio.orgNTEE Category
Code: S41 - Community improvement
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