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Virginia Biotechnology Association

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

EIN: 541644709 ✦ Richmond, VA ✦ Designated as a 501(c)(6)

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Overview

What is Virginia Biotechnology Association?

The Virginia Biotechnology Association is a nonprofit organization situated in Richmond, Virginia. With a modest workforce of four individuals, their mission is to foster innovation and growth by strengthening networks, advocating for relevant policies, attracting and retaining talent, and investing in capital. In September 2021, they hosted the 6th Annual Women Building Bio Conference, a collaborative event that brought together over 170 leading industry and research professionals across five locations in Virginia and the surrounding region. This conference aimed to create new and productive partnerships among these professionals.


Official website here: www.vabio.org

Is Virginia Biotechnology Association legitimate?

Virginia Biotechnology Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $409,811

For more financial information, click here


Official website here: www.vabio.org

What is the mission statement of Virginia Biotechnology Association?

The Virginia Biotechnology Association, in its mission, seeks to foster innovation and growth by strengthening networks, engaging in advocacy, attracting and developing talent, securing capital investment, and nurturing the next generation of leaders in the biotechnology sector. This organization aims to create a conducive environment for growth and advancement in the field, thereby contributing to the overall progress and development of the biotechnology industry.

In September 2021, the association hosted the 6th Annual Women Building Bio Conference, a half-day event aimed at fostering new collaborations among leading women and men in research and industry. This event, held both virtually and in person at various locations across the state, attracted over 170 attendees.

In summary, the Virginia Biotechnology Association is dedicated to promoting innovation and growth within the biotechnology sector by leveraging its mission to strengthen networks, advocate for positive change, invest in talent, secure capital, and cultivate the next generation of leaders in the field.


Official website here: www.vabio.org

Who is the CEO of Virginia Biotechnology Association?

John Newby is the Director of Virginia Biotechnology Association. The CEO's salary of Virginia Biotechnology Association is $201,554 and their total compensation is $201,554.


Official website here: www.vabio.org

What is the revenue of Virginia Biotechnology Association?

Virginia Biotechnology Association's revenue in 2022 was $728,390.


Official website here: www.vabio.org

Who are the executives of Virginia Biotechnology Association and what are their salaries?

The average compensation at Virginia Biotechnology Association during 2022 was $102,453. There are 4 employees at Virginia Biotechnology Association.


Here are 24 key members and their salaries (Virginia Biotechnology Association's CEO's salary is $201,554 and their total compensation is $201,554):


Denise Toney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Gignac (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kolaleh Eskandanian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Perham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Sahi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew J Krouse (Immediate Past Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Connor (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Horn-Ranney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Euler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ross Dunlap (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Powers (Chairman , Foundation)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie Roth (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Paris Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amrie Grammer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rony Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Paradise (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Pompeo (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyparissia Sirinakis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Day (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Gill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Newby (Chief Executive Officer)
  • Compensation: $201,554
  • Related: $0
  • Other: $0


Official website here: www.vabio.org

Where can I find the form 990 for Virginia Biotechnology Association?

Virginia Biotechnology Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vabio.org

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

Mission Statement of Virginia Biotechnology Association

The Virginia Biotechnology Association, a prominent organization, is dedicated to fostering innovation and growth in the sector. They achieve this objective by strengthening networks, advocating for relevant policies, attracting and retaining talent, and investing in capital. Additionally, the association is committed to nurturing the next generation of leaders in the biotechnology field. This multifaceted approach is designed to stimulate growth and progress within the biotechnology industry.

In September 2021, the Virginia Biotechnology Association showcased its commitment to its mission by hosting the 6th Annual Women Building Bio Conference. This event, which was held both virtually and at five different locations across the state, attracted over 170 attendees. The conference aimed to forge new collaborations among influential women and men in the research and industry sectors of Virginia and the surrounding region. The Virginia Biotechnology Association's initiatives, including this conference, demonstrate its proactive role in promoting innovation and growth within the biotechnology industry.

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Impact




October, 2024

The Virginia Biotechnology Association significantly influences the biotechnology sector by fostering innovation and driving growth through a robust network of connections, advocacy, and investment in capital. Its focus on talent attraction, development, and retention helps to cultivate a skilled workforce essential for advancing the industry.

A notable example of its impact is the 6th Annual Women Building Bio Conference held in September 2021, which showcased the association's commitment to collaboration and leadership. The event attracted over 170 participants from across Virginia, creating opportunities for professionals to engage, share knowledge, and build productive relationships. By emphasizing the importance of leadership diversity and collaboration, the association plays a pivotal role in shaping the future of biotechnology in the region. Through its initiatives, it not only strengthens the industry but also contributes to community improvement and economic resilience in Virginia.




This information is meant to be a general summary of Virginia 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.

Revenue
$728,390 (2022)
Expenses
$948,407 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $52,981
  • Program Service Revenue: $620,150
  • Gross Receipts: $728,390

Assets and Liabilities:

  • Total Assets: $591,880
  • Total Liabilities: $174,585
  • Net Assets: $417,295

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Programs

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

MEMBERSHIP DUES

Revenue

$282,415

SPONSORSHIPS

Revenue

$189,275

BIOPURCHASING

Revenue

$105,610

NETWORKING EVENTS

Revenue

$42,850

Organization Details

Founding Year

1992

Principal Officer

John Newby

Main Address

800 E LEIGH STREET 14, RICHMOND, VA, 23219

NTEE Category

Code: S41 - Community improvement

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