Biotechnology Innovation Organization

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521224577 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Biotechnology Innovation Organization?

The Biotechnology Innovation Organization (BIO) is a prominent nonprofit association based in Washington, D.C., representing approximately 1,000 member companies, academic institutions, patient groups, and related organizations from across the United States and over 30 countries. Founded on the belief that policy should foster innovation in the life sciences to address challenges in healthcare, agriculture, industry, and the environment, BIO's mission encompasses advocacy and policy efforts, as well as events and member services. With a workforce of 175 individuals, BIO advocates for its members' interests in various sectors, including healthcare, emerging companies, food and agriculture, and industrial and environmental issues. Their advocacy accomplishments include safeguarding intellectual property protections, advancing socially responsible biotechnology use, promoting investments in research, and improving the regulatory climate for biotech products. In the healthcare sector, they have advocated for policies recognizing innovation, safer regulatory environments, and greater patient access to therapies. They also advocate for biosimilars policies that protect patient safety and advance biomedical innovation. BIO's work extends to the international environment, where they have influenced improvements to the regulatory systems for ag-biotech products and supported farmers' rights to plant genetically engineered crops. Additionally, they have advocated for renewable chemicals and sustainably sourced biomass as eligible measures for emissions reduction credit generation.


Official website here: www.bio.org

Is Biotechnology Innovation Organization legitimate?

Biotechnology Innovation Organization is a legitimate nonprofit organization registered as a 501(c)(6) entity. 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: $2,164,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,940,485

For more financial information, click here


Official website here: www.bio.org

What is the mission statement of Biotechnology Innovation Organization?

The Biotechnology Innovation Organization (BIO) is a leading advocacy association with approximately 1,000 member companies and organizations in various sectors, including academia, research institutions, patient groups, and related organizations. Founded on the belief that innovation in the life sciences is essential to address challenges in healthcare, agriculture, industry, and the environment, BIO's mission is to nurture this innovation through policy advocacy and convening events. Their efforts cater to a wide spectrum of biotechnology applications across major sectors, with members representing a diverse range of industries and organizations. BIO's activities are organized into two programs: Advocacy and Services.


Official website here: www.bio.org

Who is the CEO of Biotechnology Innovation Organization?

Rachel K King is the CEO of Biotechnology Innovation Organization The CEO's salary of Biotechnology Innovation Organization is $1,267,480 and their total compensation is $1,332,152.


Official website here: www.bio.org

What is the revenue of Biotechnology Innovation Organization?

Biotechnology Innovation Organization's revenue in 2023 was $113,768,509.


Official website here: www.bio.org

Who are the executives of Biotechnology Innovation Organization and what are their salaries?

The average compensation at Biotechnology Innovation Organization during 2023 was $166,327. There are 181 employees and 107 volunteers at Biotechnology Innovation Organization.

Here are 114 key members and their salaries (Biotechnology Innovation Organization's CEO's salary is $1,267,480 and their total compensation is $1,332,152):


Grace E Colon (Emerging Companies Sect. Vice Chair)
  • Compensation: $0
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John F Crowley (Health Section Vice Chair)
  • Compensation: $0
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  • Other: $0
Paul J Hastings (Immediate Past Chair)
  • Compensation: $0
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  • Other: $0
Elizabeth Lewis (Associate Vice Chair & Secretary)
  • Compensation: $0
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  • Other: $0
Ted W Love (Chair)
  • Compensation: $0
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  • Other: $0
Anna Rath (Agriculture & Environment Sect Chair)
  • Compensation: $0
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  • Other: $0
Duane J Simpson (Agriculture & Environment Vice Chair)
  • Compensation: $0
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  • Other: $0
Erika Smith (Emerging Companies Section Chair)
  • Compensation: $0
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  • Other: $0
Sylvia Wulf (Agriculture & Environment Sect Chair)
  • Compensation: $0
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  • Other: $0
Bradford A Zakes (Treasurer)
  • Compensation: $0
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  • Other: $0
Angela Carisa Ailloni (Director)
  • Compensation: $0
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  • Other: $0
Steve Albers (Director)
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Stuart A Arbuckle (Director)
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Martin Babler (Director)
  • Compensation: $0
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  • Other: $0
Sulagna Bhattacharya (Director)
  • Compensation: $0
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  • Other: $0
Jean-Jacques Bienaime (Director (Until December 2023))
  • Compensation: $0
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  • Other: $0
Fritz Bittenbender (Director)
  • Compensation: $0
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  • Other: $0
Robert Blum (Director)
  • Compensation: $0
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Christopher Boerner (Director (Until June 2023))
  • Compensation: $0
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  • Other: $0
Carrie L Bourdow (Director)
  • Compensation: $0
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Carine Boustany (Director)
  • Compensation: $0
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  • Other: $0
Stephen Brady (Director)
  • Compensation: $0
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  • Other: $0
Victor Bulto (Director)
  • Compensation: $0
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  • Other: $0
Emmanuel Caeymaex (Director (Until December 2023))
  • Compensation: $0
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  • Other: $0
Pablo J Cagnoni (Director (Until October 2023))
  • Compensation: $0
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  • Other: $0
Kay Chandler (Director (Until December 2023))
  • Compensation: $0
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Ivan Cheung (Director (Until September 2023))
  • Compensation: $0
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Giacomo Chiesi (Director)
  • Compensation: $0
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  • Other: $0
Jeffrey L Cleland (Director)
  • Compensation: $0
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Ron Cohen (Director)
  • Compensation: $0
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  • Other: $0
Bruce C Cozadd (Director)
  • Compensation: $0
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Roger Crystal (Director (Until June 2023))
  • Compensation: $0
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  • Other: $0
Douglas Doerfler (Director (Until December 2023))
  • Compensation: $0
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  • Other: $0
Eric M Dube (Director)
  • Compensation: $0
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Marc Dunoyer (Director)
  • Compensation: $0
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Mark Enyedy (Director)
  • Compensation: $0
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Barry P Flannelly (Director)
  • Compensation: $0
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Alexandria Forbes (Director)
  • Compensation: $0
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Kaye Foster (Director)
  • Compensation: $0
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Cedric Francois (Director)
  • Compensation: $0
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Deborah Glasser (Director)
  • Compensation: $0
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John Glasspool (Director)
  • Compensation: $0
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Jennifer Good (Director)
  • Compensation: $0
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Kevin C Gorman (Director)
  • Compensation: $0
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  • Other: $0
Yvonne Greenstreet (Director)
  • Compensation: $0
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Sebastian Guth (Director)
  • Compensation: $0
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Karis Gutter (Director)
  • Compensation: $0
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Steven Harr (Director)
  • Compensation: $0
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Rachel Haurwitz (Director)
  • Compensation: $0
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Jennifer Holmgren (Director)
  • Compensation: $0
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  • Other: $0
Mike Huckman (Director)
  • Compensation: $0
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Elizabeth Jeffords (Director)
  • Compensation: $0
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  • Other: $0
Patrik Jonsson (Director)
  • Compensation: $0
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  • Other: $0
Alex Karnal (Director (Until October 2023))
  • Compensation: $0
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  • Other: $0
David Kettner (Director)
  • Compensation: $0
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  • Other: $0
Scott Koenig (Director)
  • Compensation: $0
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  • Other: $0
Samarth Kulkarni (Director (Until May 2023))
  • Compensation: $0
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  • Other: $0
Joseph J Larosa (Director)
  • Compensation: $0
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  • Other: $0
Chris Leibman (Director)
  • Compensation: $0
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Jeremy M Levin (Director)
  • Compensation: $0
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Sandy Macrae (Director)
  • Compensation: $0
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  • Other: $0
Gail Maderis (Director)
  • Compensation: $0
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  • Other: $0
Aamir Malik (Director (Until December 2023))
  • Compensation: $0
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  • Other: $0
Anthony Mancini (Director)
  • Compensation: $0
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  • Other: $0
Maya Martinez-Davis (Director)
  • Compensation: $0
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Sharon Mates (Director)
  • Compensation: $0
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Thomas P Mathers (Director)
  • Compensation: $0
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Reenie Mccarthy (Director)
  • Compensation: $0
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Sheila Ann Mikhail (Director)
  • Compensation: $0
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Rocco Morelli (Director)
  • Compensation: $0
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Michael M Morrissey (Director)
  • Compensation: $0
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Michael Narachi (Director (Until February 2023))
  • Compensation: $0
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Amir Nashat (Director)
  • Compensation: $0
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William J Newell (Director)
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Andrew Obenshain (Director)
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Jannie Oosthuizen (Director)
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Catherine Owen (Director)
  • Compensation: $0
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Julia Owens (Director)
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John V Oyler (Director)
  • Compensation: $0
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Cindy Perettie (Director)
  • Compensation: $0
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Adelene Q Perkins (Director (Until October 2023))
  • Compensation: $0
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Richard Pops (Director)
  • Compensation: $0
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Mark Pruzanski (Director)
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Sofie Qiao (Director)
  • Compensation: $0
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Mike G Raab (Director)
  • Compensation: $0
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Elena Rice (Director (Until December 2023))
  • Compensation: $0
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Michael J Ruggiero (Director)
  • Compensation: $0
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James Sapirstein (Director)
  • Compensation: $0
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Christophe Schilling (Director)
  • Compensation: $0
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  • Other: $0
Harout Semerjian (Director)
  • Compensation: $0
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Christi Shaw (Director (Until March 2023))
  • Compensation: $0
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  • Other: $0
Jeffrey Sherman (Director (Until October 2023))
  • Compensation: $0
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  • Other: $0
Bill Sibold (Director (Until September 2023))
  • Compensation: $0
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  • Other: $0
Nancy Simonian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie J Sullivan (Director)
  • Compensation: $0
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  • Other: $0
Ian Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nolan Townsend (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Trolinder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil K Warma (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Washer (Director (Until March 2023))
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Watanabe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick E Winningham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Wyse (Director (Until December 2023))
  • Compensation: $0
  • Related: $0
  • Other: $0
Tatsuyuki Yasuno (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daphne Zohar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Jasko (Chief Financial Officer, Evp Business Development)
  • Compensation: $746,044
  • Related: $0
  • Other: $86,573
Rachel K King (Interim President And Ceo)
  • Compensation: $1,267,480
  • Related: $0
  • Other: $64,672
Richard Masters (Chief Public Affairs & Marketing Officer)
  • Compensation: $761,623
  • Related: $0
  • Other: $85,347
Nicholas Shipley (Chief Advocacy Officer)
  • Compensation: $758,821
  • Related: $0
  • Other: $80,397
Elizabeth Esham (Chief Science Officer)
  • Compensation: $737,273
  • Related: $0
  • Other: $56,912
Peter Mchugh (Chief Legal Officer)
  • Compensation: $665,131
  • Related: $0
  • Other: $88,647
John Murphy (Chief Policy Officer)
  • Compensation: $550,953
  • Related: $0
  • Other: $87,604
Michelle Mcmurry-Heath (Former President And Ceo)
  • Compensation: $1,848,121
  • Related: $0
  • Other: $6,522


Official website here: www.bio.org

Where can I find the form 990 for Biotechnology Innovation Organization?

Biotechnology Innovation Organization's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.bio.org

Learn more at the official website: www.bio.org

Mission Statement of Biotechnology Innovation Organization

The Biotechnology Innovation Organization (BIO) is a significant advocacy association, representing around 1,000 member companies, academic and research institutions, patient groups, and related organizations from various sectors across the United States and more than 30 countries. Founded on the principle that policy should foster innovation in the life sciences to address challenges in healthcare, agriculture, industry, and the environment, BIO actively engages in advocacy and policy efforts.

BIO's mission revolves around nurturing innovation in the life sciences sector to overcome various hurdles. Its extensive membership base encompasses a diverse range of biotechnology applications, from healthcare to agriculture, industry, and the environment. The organizations and universities that make up BIO play essential roles in shaping the future of the life sciences. BIO's activities are divided into two primary programs: advocacy and services. Through advocacy, the organization lobbies for policies that promote innovation in the life sciences, ensuring a favorable regulatory landscape. The services program offers member benefits such as educational events, networking opportunities, and resources to help its members succeed and contribute to the advancement of the life sciences sector.

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Impact



October, 2024

The Biotechnology Innovation Organization (BIO) plays a critical role in shaping the biotechnology landscape through its advocacy and support for innovation across multiple sectors. With approximately 1,000 member companies, academic institutions, and patient groups, BIO fosters collaboration and dialogue that drives advancements in health care, agriculture, industrial applications, and environmental sustainability.

BIO's advocacy efforts are fundamental in promoting policies that enhance intellectual property protections, create favorable regulatory environments, and ensure patient access to innovative therapies. By engaging with lawmakers and international entities, BIO actively influences policies that support biomedical innovation, biosimilars, and safety standards for biotechnology products.

In the health sector, BIO effectively promotes policies that recognize the value of innovation, ensuring that new therapeutics and vaccines are accessible while safeguarding the rights of manufacturers. Their efforts to modernize clinical development paradigms and infrastructure bolster the biotechnology ecosystem, facilitating not just the creation of new solutions but also the sustainable growth of the industry.

For emerging companies, BIO advocates for supportive financial policies and works to reduce regulatory burdens, helping these organizations navigate the challenges of capital formation and innovation. In the agricultural sector, BIO champions the regulatory frameworks that empower farmers to utilize genetically engineered crops, essential for addressing global food security.

Additionally, BIO addresses environmental challenges through its support for sustainable practices and renewable resources, advocating for policies that treat sustainably sourced biomass favorably in emissions reduction contexts. Through these comprehensive advocacy efforts, BIO significantly influences the landscape of biotechnology, enhancing both innovation and public welfare.



This information is meant to be a general summary of 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.

Revenue
$113,768,509 (2023)
Expenses
$91,630,164 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,063,448
  • Program Service Revenue: $93,460,509
  • Gross Receipts: $119,913,579

Assets and Liabilities:

  • Total Assets: $124,412,600
  • Total Liabilities: $73,648,403
  • Net Assets: $50,764,197

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONFERENCE / MEETING R

Revenue

$54,127,908

MEMBERSHIP DUES

Revenue

$36,349,909

SPECIAL INITIATIVES

Revenue

$1,803,019

CBI LOBBYING FUND

Revenue

$996,773

OTHER PROGRAM SERVICES

Revenue

$182,900

Organization Details

Founding Year

1981

Principal Officer

Rachel King

Website

www.bio.org

NTEE Category

Code: S40 - Community improvement

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