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Nonprofit · EIN 83-3860748

BIONORTHTEXAS FOUNDATION

Tax-exempt · IRVING, TX 75039

Financials

$1.1M$912K2024
Revenue Expenses · by fiscal year end
Financials of BIONORTHTEXAS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,066,113$911,982$154,131$418,310$153,820$264,490
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$504,512
Membership dues
$227,190
Program service revenue
$559,826
Investment income
$0
Other revenue
$1,775

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$215,524
Other salaries and wages
$212,001
Salaries, compensation and benefits (total)
$476,772
Professional fundraising fees
$0
Legal fees
$701
Accounting fees
$30,487
Occupancy
$660
Travel
$24,880
Program services (functional)
$748,587
Management and general (functional)
$98,037
Fundraising (functional)
$65,358

Balance sheet and other

Total assets, start of year
$322,755
Total assets, end of year
$418,310
Total liabilities, end of year
$153,820
Net assets, end of year
$264,490
Net assets without donor restrictions
$264,490
Gross receipts
$1,066,113
Employees
6
Volunteers
12
Year formed
2018
State of legal domicile
TX

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.

NameTitleHours / weekCompensationOther / benefits
KATHLEEN OTTO-ROSENBLUMCEO
Officer
40$214,954$571
JASON WIETJESChairman
Trustee or director, Officer
1$0$0
THOMAS FAGLEYTreasurer
Trustee or director, Officer
1$0$0
KRISTIN LONERGANSecretary
Trustee or director, Officer
1$0$0
ARTHUR CLAPPDirector
Trustee or director
1$0$0
MILTON DE LA PAZDirector
Trustee or director
1$0$0
DAVID FOSTERDirector
Trustee or director
1$0$0
MAXWELL LEADirector
Trustee or director
1$0$0
JORGE VARELADirector
Trustee or director
1$0$0
JON WEIDANZDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
5000 RIVERSIDE DRIVE BUILDING 6 SUI, IRVING, TX 75039-4316
Mailing address (990-N for 2018)
2330 Inwood Rd Ste 340, Dallas TX 75235
Principal officer (990 for 2024)
KATHLEEN OTTO-ROSENBLUM, 5000 RIVERSIDE DR BLDG 6 100E, IRVING, TX 75039
Principal officer (990-N for 2018)
Jorge Varela, 2330 Inwood Rd Ste 340, Dallas TX 75235
Signed the 990
KATHLEEN OTTO-ROSENBLUM, CEO
Phone
(817) 952-9300
Return prepared by
Sutton Frost Cary LLP

Mission

The BIONORTHTEXAS Foundation (BioNTX) is a Texas Membership Association designed to support company formation and industry growth in the bioscience sector. The organization spans 26 counties in North Texas and is committed to collaboration and helping small companies find the resources they need to bring their drug, device, or service (product) to market. BioNTX is the life science, biotechnology, and healthcare trade organization serving North Texas innovation through high level educational programming, professional development, collaborative networking, mentorship, Bioresource access, purchasing power, advocacy, and marketing. We are the Voice and Champion for North Texas bioscience and healthcare innovation.

990 for the year ended December 31, 2024

Program accomplishments

  • The Annual iC Life Science & Healthcare Innovation Summit is a dynamic platform for the North Texas bioscience and healthcare community to engage in thoughtful discussions, share cutting-edge research, and explore emerging technologies with potential to revolutionize the future of biotechnology, health care and human health. ( iC represents the formula Innovation = Capital x Collaboration x Commercialization)
    Expenses $727,975 · revenue $535,546
  • The Bridge Between Research, Clinical Trials, & Manufacturing program highlights North Texas clinical trial ecosystem and includes a tour of the Texas Research Quarter to explore cutting-edge facilities.
    Expenses $11,609 · revenue $13,700
  • The Women Driving Innovation Program highlights women shaping the life sciences industry through innovative leadership and pioneering new practices. Celebrate International Women's Day and connect with women leaders in the North Texas life sciences sector.
    Expenses $9,003 · revenue $10,580

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-3860748
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H03)
Assets (IRS master file)
$418,310
Income (IRS master file)
$1,066,113

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$749,465$695,995$322,755IRS
990December 2022$421,657$377,971$196,090IRS
990December 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2018
Officer: Jorge Varela
December 31, 2018≤ $50,000 receipts––e-Postcard

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about BIONORTHTEXAS FOUNDATION

What is the EIN of BIONORTHTEXAS FOUNDATION?
The employer identification number (EIN) of BIONORTHTEXAS FOUNDATION is 83-3860748.
Is BIONORTHTEXAS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to BIONORTHTEXAS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BIONORTHTEXAS FOUNDATION 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 BIONORTHTEXAS FOUNDATION 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 BIONORTHTEXAS FOUNDATION 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 BIONORTHTEXAS FOUNDATION?
The 990 for the year ended December 31, 2024 names KATHLEEN OTTO-ROSENBLUM.
Who are the officers and directors of BIONORTHTEXAS FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $214,954 (KATHLEEN OTTO-ROSENBLUM, CEO).
How much revenue does BIONORTHTEXAS FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,066,113, expenses of $911,982 and total assets of $418,310 at year end.

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