Overview
What is Michigan Biosciences Industry Association?
Michigan Biosciences Industry Association, commonly known as MichBio, is a nonprofit organization situated in Ann Arbor, Michigan. Their primary goal is to stimulate growth within the life sciences industry in Michigan. They achieve this by offering their members networking and educational opportunities, recruitment services, and valuable information. These activities are conducted through conferences and meetings, attracting approximately 975 individuals in the life science sector. With a team of five dedicated individuals, MichBio plays a significant role in fostering connections and knowledge sharing within the industry, contributing to its growth in Michigan.
Official website here: www.michbio.org
Is Michigan Biosciences Industry Association legitimate?
Michigan Biosciences Industry Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan Biosciences Industry 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $169,978
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,116
For more financial information, click here
Official website here: www.michbio.org
What is the mission statement of Michigan Biosciences Industry Association?
The Michigan Biosciences Industry Association is dedicated to fostering the expansion of the life sciences industry in Michigan. They achieve this by offering their members various services such as networking events, educational opportunities, recruitment assistance, and provision of relevant information. The association's primary goal is to create an enabling environment for growth in the life sciences sector. They accomplish this through conferences and meetings, providing networking opportunities and education to approximately 975 individuals in the industry.
Official website here: www.michbio.org
Who is the CEO of Michigan Biosciences Industry Association?
Stephen Rapundalo is the Chariman of Michigan Biosciences Industry Association.
Official website here: www.michbio.org
What is the revenue of Michigan Biosciences Industry Association?
Michigan Biosciences Industry Association's revenue in 2022 was $710,410.
Official website here: www.michbio.org
Who are the executives of Michigan Biosciences Industry Association and what are their salaries?
The average compensation at Michigan Biosciences Industry Association during 2022 was $76,219. There are 5 employees at Michigan Biosciences Industry Association.
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Official website here: www.michbio.org
Where can I find the form 990 for Michigan Biosciences Industry Association?
Michigan Biosciences Industry Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.michbio.org
Learn more at the official website: www.michbio.org
Mission Statement of Michigan Biosciences Industry Association
The Michigan Biosciences Industry Association, abbreviated as MBIAA, is dedicated to fostering growth in the life sciences industry within Michigan. To achieve this, the organization offers its members various services, including networking opportunities, educational resources, recruitment assistance, and information dissemination. MBIAA's mission is to serve as a catalyst for industry advancement by providing a platform for its members to connect, learn, and expand their professional networks. Through conferences and meetings, MBIAA offers its approximately 975 members valuable networking opportunities and educational content in the field of life sciences.
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Impact
October, 2024
The Michigan Biosciences Industry Association significantly impacts the state's life sciences sector by fostering industry growth through a variety of essential services. It offers its members networking opportunities and educational resources, facilitating connections among industry professionals and enhancing their knowledge and skills.
Through conferences and meetings, the Association brings together approximately 975 individuals, promoting collaboration and innovation within the life sciences community. Its recruitment and information services further support the development of a skilled workforce and informed membership, driving advancements in biosciences across Michigan. Overall, the Association plays a crucial role in strengthening the local economy and positioning Michigan as a leader in the life sciences industry.
This information is meant to be a general summary of Michigan Biosciences Industry 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: $902
- Program Service Revenue: $440,426
- Gross Receipts: $710,410
Assets and Liabilities:
- Total Assets: $519,497
- Total Liabilities: $37,768
- Net Assets: $481,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$291,550
PROJECT MANAGEMENT
Revenue
$83,636
CONFERENCE/MEETING REV
Revenue
$60,740
COMMITTEE SPONSORSHIP
Revenue
$4,000
ADVERTISING
Revenue
$500
Organization Details
Founding Year
1993
Phone
(734) 527-9145Principal Officer
Stephen Rapundalo
Main Address
3520 GREEN COURT SUITE 175, ANN ARBOR, MI, 481051579
Website
www.michbio.orgNTEE Category
Code: S41 - Community improvement
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