Overview
What is South Dakota Biotechnology Association?
The South Dakota Biotechnology Association is a nonprofit alliance based in Sioux Falls, South Dakota. Their primary mission is to foster the growth of biotechnology industries in the state. They achieve this by promoting bio-based research, encouraging investment, providing education, advocating for relevant policies, securing funding, developing infrastructure, and disseminating information about the sector. The association engages various stakeholders, including professionals, students, faculty, vendors, and venture capitalists, through events such as the annual Biotech Summit and Annual Meeting. These events serve as platforms for networking, learning about emerging biotech technologies, and exchanging ideas. The association is led by a team of two dedicated individuals.
Official website here: www.sdbio.org
Is South Dakota Biotechnology Association legitimate?
South Dakota Biotechnology Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. South Dakota Biotechnology Association 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.
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Executive Compensation: $135,696
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Official website here: www.sdbio.org
What is the mission statement of South Dakota Biotechnology Association?
The South Dakota Biotechnology Association is committed to fostering the growth of biotechnology industries. This is achieved through expanding bio-based research, attracting investment, promoting education, advocating for policies, securing funding, facilitating education, developing infrastructure, and marketing the sector. The association serves as a beacon of leadership and vision, advocating for the biotech industry in both state and national forums. It provides regular industry updates and hosts an annual biotech summit, offering professionals a platform to network and learn about emerging technologies in the biotech industry.
Official website here: www.sdbio.org
Who is the CEO of South Dakota Biotechnology Association?
Joni Ekstrum is the Advisor of South Dakota Biotechnology Association.
Official website here: www.sdbio.org
What is the revenue of South Dakota Biotechnology Association?
South Dakota Biotechnology Association's revenue in 2022 was $247,325.
Official website here: www.sdbio.org
Who are the executives of South Dakota Biotechnology Association and what are their salaries?
The average compensation at South Dakota Biotechnology Association during 2022 was $67,848. There are 2 employees at South Dakota Biotechnology Association.
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Official website here: www.sdbio.org
Where can I find the form 990 for South Dakota Biotechnology Association?
South Dakota Biotechnology Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sdbio.org
Learn more at the official website: www.sdbio.org
Mission Statement of South Dakota Biotechnology Association
The South Dakota Biotechnology Association is a dedicated alliance committed to the advancement of biotechnology industries. Their mission revolves around expanding bio-based research, investment, education, advocacy, funding, education, infrastructure development, and promotion. This organization serves as a leader and provides a voice in both state and national forums, advocating for the growth and success of the biotechnology sector.
In pursuit of their mission, the South Dakota Biotechnology Association organizes various events and initiatives. One such event is their annual Biotech Summit and Annual Meeting, held in the fall. This gathering provides a platform for professionals in the biotechnology industry, students, faculty, vendors, and venture capitalists to network, learn about emerging technologies, and stay updated on industry trends. The association's role in organizing these events and providing a platform for industry leaders contributes significantly to the growth and development of the biotechnology sector.
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Impact
October, 2024
The South Dakota Biotechnology Association plays a significant role in fostering the growth of biotechnology industries within the state. By focusing on the expansion of bio-based research and innovation, the association supports crucial investments and educational initiatives that enhance the sector’s competitiveness.
Through its leadership and advocacy, the association provides a vital voice for biotechnology in both state and national discussions. Quarterly industry updates keep members informed on developments and trends, ensuring that they stay abreast of the latest advancements. Additionally, the Annual Biotech Summit serves as a key platform where professionals from various sectors—including biotech experts, students, faculty, vendors, and venture capitalists—can network, share knowledge, and explore emerging technologies.
The association's activities promote infrastructure development and effective funding strategies, which are essential for nurturing the biotechnology ecosystem in South Dakota. By creating a collaborative environment, it strengthens community ties and drives economic growth, ultimately contributing to a more vibrant and innovative biotech landscape.
This information is meant to be a general summary of South Dakota Biotechnology Association. 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.
- Investment Income: $90
- Program Service Revenue: $107,061
- Gross Receipts: $247,325
Assets and Liabilities:
- Total Assets: $312,459
- Total Liabilities: $32,751
- Net Assets: $279,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PURCHASE AGREEMENTS
Revenue
$107,061
Organization Details
Founding Year
2005
Phone
(605) 274-3714Principal Officer
Joni Ekstrum
Main Address
110 S PHILLIPS AVE SUITE 304, SIOUX FALLS, SD, 57104
Website
www.sdbio.orgNTEE Category
Code: S41 - Community improvement
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