Overview
What is Bionorthtexas Foundation?
Bionorthtexas Foundation is a nonprofit organization situated in Irving, Texas, specifically at 5000 Riverside Dr Ste 100E Bldg 6. Their primary mission is to strengthen the North Texas bioscience and healthcare innovation community. They achieve this by organizing high-level educational events, networking opportunities, and collaborative initiatives. The organization serves as an advocate and supporter for the development of bioscience and healthcare innovations, from their inception to commercialization. It also focuses on providing funding-focused education for early-stage companies and promoting industry partnerships with academic institutions and economic development entities. Furthermore, Bionorthtexas Foundation is actively involved in attracting, training, and retaining professional and technical talent in the North Texas region, advocating for the community's interests at various levels, and fostering a convergence of industry and science. With a team of three dedicated individuals, the foundation is committed to improving the business environment for the bioscience and healthcare innovation sector in North Texas.
Official website here: www.biontx.org
Is Bionorthtexas Foundation legitimate?
Bionorthtexas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bionorthtexas Foundation 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: $144,583
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,490
For more financial information, click here
Official website here: www.biontx.org
What is the mission statement of Bionorthtexas Foundation?
The Bionorthtexas Foundation is committed to fostering a robust bioscience and healthcare innovation community. Through high-level educational programming, networking events, and collaboration opportunities, the organization aims to unite various alliance organizations and industry stakeholders. The foundation supports the development of bioscience and healthcare innovations, from their initial stages through commercialization. It also provides funding-focused education for early-stage companies and mid-stage firms with bioscience and healthcare innovations. In addition, the foundation promotes industry partnerships with academic institutions, incubators, and economic development entities. It is also working on attracting, training, and retaining professional and technical talent in the region and serving as an advocate for the bioscience and healthcare innovation community at the regional, state, and national levels.
Official website here: www.biontx.org
Who is the CEO of Bionorthtexas Foundation?
Kathleen Otto is the Ceo of Bionorthtexas Foundation. The CEO's salary of Bionorthtexas Foundation is $114,908 and their total compensation is $114,908.
Official website here: www.biontx.org
What is the revenue of Bionorthtexas Foundation?
Bionorthtexas Foundation's revenue in 2022 was $421,657.
Official website here: www.biontx.org
Who are the executives of Bionorthtexas Foundation and what are their salaries?
The average compensation at Bionorthtexas Foundation during 2022 was $62,358. There are 3 employees at Bionorthtexas Foundation.
Here are 11 key members and their salaries (Bionorthtexas Foundation's CEO's salary is $114,908 and their total compensation is $114,908):
- Compensation: $114,908
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- Other: $0
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Official website here: www.biontx.org
Where can I find the form 990 for Bionorthtexas Foundation?
Bionorthtexas Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biontx.org
Learn more at the official website: www.biontx.org
Mission Statement of Bionorthtexas Foundation
Bionorthtexas Foundation, with a mission-driven approach, strives to fortify the bioscience and healthcare innovation community in a comprehensive manner. The organization's primary objective is to enhance business conditions within this sector, fostering collaboration and networking opportunities between alliance organizations and industry stakeholders. By doing so, Bionorthtexas Foundation supports the development cycle of bioscience and healthcare innovations, guiding them from their inception to commercialization.
Moreover, Bionorthtexas Foundation aims to provide access to capital and education-focused funding for early-stage, university-based technology companies and mid-stage companies with promising bioscience and healthcare innovations. In addition, the organization promotes industry awareness and engages in collaborative partnerships with academic institutions, incubators, and economic development entities. This strategic approach allows Bionorthtexas Foundation to establish effective mechanisms that facilitate the convergence of industry and science.
Furthermore, Bionorthtexas Foundation is committed to attracting, training, and retaining professional and technical talent within the North Texas region. The organization provides a platform for advocacy at regional, state, and national levels, advocating for policies that support the growth and development of the bioscience and healthcare innovation community. Ultimately, Bionorthtexas Foundation seeks to improve and promote the well-being of this sector, ensuring its continued growth and success.
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Impact
October, 2024
Bionorthtexas Foundation significantly impacts the bioscience and healthcare innovation landscape in North Texas by fostering collaboration and growth within the community. Through its high-level educational programming and networking opportunities, it connects thought leaders and innovators from academia and industry, facilitating knowledge exchange that drives advancements in biomedicine and healthcare.
One of its flagship initiatives, the iC3 Life Science Summit, serves as a vital platform for the bioscience community to engage in meaningful discussions, share groundbreaking research, and explore emerging technologies. By bringing together diverse stakeholders, the summit enhances collaboration and sparks innovative ideas that can transform healthcare.
Additionally, the foundation plays a crucial role in promoting and improving business conditions for the bioscience sector. It supports early-stage and mid-stage companies by providing access to funding, education, and resources necessary for successful commercialization of their innovations. This support extends to advocating for industry awareness and partnership opportunities with academic institutions and economic development entities.
Bionorthtexas Foundation also invests in workforce development, seeking to attract, train, and retain the skilled professionals necessary for sustained growth in the region. Through its advocacy efforts at various levels, it works to create an ecosystem that promotes the convergence of industry and science, ensuring that North Texas remains a hub for bioscience and healthcare advancements. Overall, its influence is pivotal in strengthening the bioscience and healthcare innovation community, driving economic development, and improving healthcare outcomes.
This information is meant to be a general summary of Bionorthtexas Foundation. 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: $50,843
- Gross Receipts: $421,657
Assets and Liabilities:
- Total Assets: $196,090
- Total Liabilities: $131,932
- Net Assets: $64,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
iC3 Life Science Conf
Revenue
$44,033
Other Events
Revenue
$6,810
Organization Details
Founding Year
2020
Phone
(610) 639-4052Principal Officer
Kathleen Otto
Main Address
5000 Riverside Dr Ste 100E Bldg 6, Irving, TX, 75039
Website
www.biontx.orgNTEE Category
Code: H03 - Medical research
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