Nonprofit · EIN 45-3824067
BIOHEALTH INNOVATION INC
Tax-exempt · ROCKVILLE, MD 20850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,436,123 | $4,740,876 | -$304,753 | $5,288,050 | $287,424 | $5,000,626 |
| December 31, 2023 | 990 | $4,643,952 | $4,364,948 | $279,004 | $5,807,113 | $433,052 | $5,374,061 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,498,516
- of which government grants
- $113,236
- Program service revenue
- $917,163
- Investment income
- $20,444
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $626,019
- Other salaries and wages
- $1,270,467
- Salaries, compensation and benefits (total)
- $2,164,070
- Professional fundraising fees
- $0
- Accounting fees
- $42,937
- Occupancy
- $57,797
- Travel
- $14,732
- Program services (functional)
- $3,880,542
- Management and general (functional)
- $400,921
- Fundraising (functional)
- $459,413
Balance sheet and other
- Total assets, start of year
- $5,807,113
- Total assets, end of year
- $5,288,050
- Total liabilities, end of year
- $287,424
- Net assets, end of year
- $5,000,626
- Net assets without donor restrictions
- $5,000,626
- Gross receipts
- $4,436,123
- Employees
- 13
- Volunteers
- 23
- Year formed
- 2011
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Richard Bendis | President & CEO Trustee or director, Officer | 40 | $590,254 | $35,765 |
| Ethel Rubin | Entrepreneur in Residence Highest-paid employee | 40 | $285,345 | $8,560 |
| John Sullivan | Entrepreneur in Residence Highest-paid employee | 40 | $259,545 | $7,786 |
| Lynne Brisbane | VP of Finance, Operations, Highest-paid employee | 40 | $181,850 | $5,456 |
| Olivia Meyer | Life Sciences Business Analyst Highest-paid employee | 40 | $106,090 | $0 |
| Pete Briskman | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Donna Edmonds | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Charles Morton | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dave Lemus | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jarrod Borkat | Board Member Trustee or director | 2 | $0 | $0 |
| Christopher Callaghan | Board Member Trustee or director | 2 | $0 | $0 |
| Eric Edwards | Board Member (June-Dec) Trustee or director | 2 | $0 | $0 |
| Juergen Klenk | Board Member Trustee or director | 2 | $0 | $0 |
| Anthony Lakavage | Board Member Trustee or director | 2 | $0 | $0 |
| Joel Marcus | Board Member Trustee or director | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kurt Newman | Board Member Trustee or director | 2 | $0 |
| Jay Perman | Board Member Trustee or director | 2 | $0 |
| John Sackett | Board Member Trustee or director | 2 | $0 |
| Ronald Kurz | Board Member Trustee or director | 2 | $0 |
| Aimee Smart | Board Member Trustee or director | 2 | $0 |
| Steven Roberts | Board Member Trustee or director | 2 | $0 |
| Sarah Potter | Board Member (Nov-Dec) Trustee or director | 2 | $0 |
| Rachel Rath | Board Member (Nov-Dec) Trustee or director | 2 | $0 |
| Brett Shealy | Board Member (Nov-Dec) Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Richard Bendis | President & CEO Trustee or director, Officer | 40 | $523,278 | $42,996 |
| Ethel Rubin | Entrepreneur in Residence Highest-paid employee | 40 | $269,185 | $13,459 |
| John Sullivan | Entrepreneur in Residence Highest-paid employee | 40 | $235,827 | $7,515 |
| Lynne Brisbane | VP of Finance, Operations, Highest-paid employee | 40 | $170,676 | $5,152 |
| Monique Bennett | Sr. Life Science Business Strategist Highest-paid employee | 40 | $108,580 | $3,296 |
| Olivia Myer | Entrepreneur in Residence Highest-paid employee | 40 | $100,043 | $3,030 |
| Pete Briskman | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Christine Dingivan | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Charles Morton | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dave Lemus | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Sally Allain | Board Member Trustee or director | 2 | $0 | $0 |
| Jarrod Borkat | Board Member Trustee or director | 2 | $0 | $0 |
| Christopher Callaghan | Board Member Trustee or director | 2 | $0 | $0 |
| Donna Edmonds | Board Member Trustee or director | 2 | $0 | $0 |
| William Hearl | Board Member Trustee or director | 2 | $0 | $0 |
| Juergen Klenk | Board Member Trustee or director | 2 | $0 | $0 |
| Anthony Lakavage | Board Member Trustee or director | 2 | $0 | $0 |
| Joel Marcus | Board Member Trustee or director | 2 | $0 | $0 |
| Kurt Newman | Board Member Trustee or director | 2 | $0 | $0 |
| Jay Perman | Board Member Trustee or director | 2 | $0 | $0 |
| John Sackett | Board Member Trustee or director | 2 | $0 | $0 |
| Aubrey Watkins | Board Member Trustee or director | 2 | $0 | $0 |
| Srjuana Cherukuri | Board Member (MAR-DEC) Trustee or director | 2 | $0 | $0 |
| Ronald Kurz | Board Member (MAY-DEC) Trustee or director | 2 | $0 | $0 |
| Tyrell Rivers | Board Member (MAY-DEC) Trustee or director | 2 | $0 | $0 |
| Raymond Blanchard | Board Member (JUN-DEC) Trustee or director | 2 | $0 | $0 |
| Dan Mallon | Board Member (JUN-DEC) Trustee or director | 2 | $0 | $0 |
| Aime Smart | Board Member (AUG-DEC) Trustee or director | 2 | $0 | $0 |
| Steven Roberts | Board Member (SEPT-DEC) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 CHURCH ST STE 801, ROCKVILLE, MD 20850-5129
- In care of
- % AMANDA WILSON
- Principal officer (990 for 2024)
- Richard Bendis, 1 Church Street 801, Rockville, MD 20850
- Signed the 990
- Richard Bendis, President & CEO
- Phone
- (301) 637-0699
- Website
- www.biohealthinnovation.org
- Return prepared by
- Aprio Advisory Group LLC
Mission
Biohealth Innovation connects market relevant research assets to appropriate funding, management, and markets to facilitate the development of commercially viable bio health products and companies.
Program accomplishments
- Entrepreneur-in-Residence/Small Business Innovative Research (SBIR): The BHI SBIR/STTR federal funding assistance offers BioHealth companies support in preparing applications for federal funding inclusive of SBIRS, STTRS, and other federal government awards. BHI's Entrepreneur-in-Residence (EIR) program is designed to be an active partner with research institutions to source, fund, and grow high-potential, early-stage products through project-focused companies. The entrepreneurs in the program support the formation of new companies based upon innovative discoveries in the areas of drugs, vaccines, therapeutics, diagnostics, and medical devices from the intramural research programs at partner organizations, as well as from universities and businesses. The EIR will find, evaluate, and support the development of new start-up companies based upon technology license agreements from technology transfer offices or equivalent units within the research institutions. Under an NIH/OTT partnership intermediary agreement, BHI will employ and place entrepreneurs-in-residence (EIR) within OTT to evaluate, identify and license intramural technologies in the areas of drugs, vaccines, therapeutics, diagnostics and medical devices from the intramural research programs at both the NIH and the Food and Drug Administration (FDA). An NIH EIR is an industry expert with scientific, entrepreneurial/managerial and financial experience who works side by side with NIH scientists to identify, evaluate and support the development of new start-up companies based upon technology license agreements from OTT. The innovate UMBC program provides applied training for post-doctoral fellows, research scientists, and other professionals who want to start life science-based companies. The program was launched in 2010 with a 3-year funding grant from the National Science Foundation (NSF). The university of Maryland, Baltimore County (UMBC) will offer the program at the universities at shady grove's campus in Montgomery County, Maryland. The program is intended for scientists interested in commercializing biomedical technology. Partners in the program are biohealth innovation, inc. And the Montgomery County department of economic development.Expenses $3,880,542 · revenue $917,163
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3824067
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H02)
- Assets (IRS master file)
- $5,288,050
- Income (IRS master file)
- $4,436,123
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,436,123 | $4,740,876 | $5,288,050 | IRS |
| 990 | December 2023 | $4,643,952 | $4,364,948 | $5,807,113 | XML |
| 990 | December 2022 | $4,065,006 | $3,686,773 | $5,438,812 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3824067).
Questions about BIOHEALTH INNOVATION INC
- What is the EIN of BIOHEALTH INNOVATION INC?
- The employer identification number (EIN) of BIOHEALTH INNOVATION INC is 45-3824067.
- Is BIOHEALTH INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to BIOHEALTH INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BIOHEALTH INNOVATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BIOHEALTH INNOVATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BIOHEALTH INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BIOHEALTH INNOVATION INC?
- The 990 for the year ended December 31, 2024 names Richard Bendis.
- Who are the officers and directors of BIOHEALTH INNOVATION INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 5 received compensation from the organization, the highest $590,254 (Richard Bendis, President & CEO).
- How much revenue does BIOHEALTH INNOVATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,436,123, expenses of $4,740,876 and total assets of $5,288,050 at year end.
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