BIOCONNECT IOWA

EIN: 453690618 501(c)(3) Community Improvement

DES MOINES, IA

Total Revenue
$6,948,451
Total Expenses
$2,163,333
Total Assets
$15,246,639
Net Assets
$15,205,711
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IA
Principal Officer
DAN JACOBI
Phone
5155544396
Tax Period
2024-07-01 to 2025-06-30

BIOCONNECT IOWA, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $6.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $4.8M, a strong 69% operating margin.

Mission

BIOCONNECT IOWA'S MISSION IS TO MAKE IOWA A POWERHOUSE OF BIOSCIENCE RESEARCH AND INDUSTRY AND TO CREATE EXCITING AND HIGH-PAYING CAREERS FOR IOWANS WHOSE WORK WILL IMPROVE THE HEALTH AND WELFARE OF PEOPLE AROUND THE GLOBE.IMAGINE AN IOWA WHERE RESEARCH AND INNOVATION LEAD TO VACCINES THAT PREVENT MAJOR DISEASES; ENVIRONMENTALLY FRIENDLY BIOBASED PRODUCTS; MEDICAL DEVICES THAT SAVE COUNTLESS LIVES; AND PRECISION AND DIGITAL AGRICULTURE THAT TRANSFORM FOOD PRODUCTION.THIS IS THE FUTURE OF BIOSCIENCE IN IOWA, AND THE MISSION OF BIOCONNECT IOWA IS TO MAKE IT HAPPEN.

Program Service Accomplishments

Program 1
Expenses: $1,095,913 Revenue: $95,990

SBIR/STTR OUTREACH PROGRAM: BIOCONNECT IOWA MANAGES THIS PROGRAM, FUNDED BY THE IOWA ECONOMIC DEVELOPMENT AUTHORITY (IEDA), WHICH ASSISTS STARTUPS WITH THEIR FEDERAL SOLICITATION APPLICATIONS. AS...

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SBIR/STTR OUTREACH PROGRAM: BIOCONNECT IOWA MANAGES THIS PROGRAM, FUNDED BY THE IOWA ECONOMIC DEVELOPMENT AUTHORITY (IEDA), WHICH ASSISTS STARTUPS WITH THEIR FEDERAL SOLICITATION APPLICATIONS. AS WELL AS TECHNICAL WRITING ASSISTANCE, BIOCONNECT IOWA PROVIDES SUBSEQUENT MATCHING FUNDS FOR SUCCESSFUL PHASE I SBIR/STTR GRANTEES AND PHASE II SBIR/STTR GRANT APPLICANTS.

Program 2
Expenses: $421,012

PER IOWA CODE, SECTION 15.107, BIOCONNECT IOWA IS CHARGED WITH RECEIVING AND DISBURSING FUNDS FROM PUBLIC OR PRIVATE SOURCES TO BE USED TO ENHANCE BIOSCIENCE-BASED ECONOMIC DEVELOPMENT IN THE STATE...

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PER IOWA CODE, SECTION 15.107, BIOCONNECT IOWA IS CHARGED WITH RECEIVING AND DISBURSING FUNDS FROM PUBLIC OR PRIVATE SOURCES TO BE USED TO ENHANCE BIOSCIENCE-BASED ECONOMIC DEVELOPMENT IN THE STATE AND TO FURTHER THE OVERALL DEVELOPMENT AND ECONOMIC WELL-BEING OF THE STATE.

Program 3
Expenses: $123,157

IOWA G2M ACCELERATOR PROGRAM: THE IOWA GO-TO-MARKET (G2M) ACCELERATOR PROGRAM PROVIDES "FOLLOW-ON" SUPPORT FOR ENTREPRENEURS WHO HAVE COMPLETED ONE OF THE GROWING NUMBER OF ACCELERATOR PROGRAMS IN...

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IOWA G2M ACCELERATOR PROGRAM: THE IOWA GO-TO-MARKET (G2M) ACCELERATOR PROGRAM PROVIDES "FOLLOW-ON" SUPPORT FOR ENTREPRENEURS WHO HAVE COMPLETED ONE OF THE GROWING NUMBER OF ACCELERATOR PROGRAMS IN THE STATE (OR ARE AT AN EQUIVALENT STAGE FOLLOWING COMPLETION OF A SUCCESSFUL SBIR/STTR PROJECT OR OTHER PROGRAM THAT INCLUDES AN ENTREPRENEURSHIP DEVELOPMENT COMPONENT) BUT WHO NEED ADDITIONAL SUPPORT TO INCREASE THEIR LIKELIHOOD OF COMMERICAL SUCCESS. THE EIGHT-MONTH PROGRAM ALLOWS YOU TO BUILD ON THE FOUNDATIONAL SKILLS YOU'VE LEARNED AND ADVANCEMENTS YOU'VE MADE IN GROUP AND ONE-ON-ONE SETTINGS. THE THREE ELEMENTS INCLUDED IN THE PROGRAM INCLUDE: 1-ON-1 MENTORSHIP, PRO BONO BUSINESS SUPPORT, AND GROUP WORKSHOPS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,851,291
Program Service Revenue $95,990
Investment Income $1,170
Other Revenue $0
TOTAL REVENUE $6,948,451

Expense Breakdown

Grants Paid $16,457
Salaries & Benefits $487,094
Fundraising Expenses $0
Program Expenses $1,640,082
Other Expenses $1,659,782
TOTAL EXPENSES $2,163,333

Year-over-Year Comparison

2024 2023 Change
Revenue $6,948,451 $7,697,006 -0.1%
Expenses $2,163,333 $2,810,364 -0.2%
Net Income $4,785,118 $4,886,642 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$217,302
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN JACOBI BOARD CHAIR 2.00
Officer Director
$0 $0 $0
BILLI HUNT SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
MATTHEW WARRENS MEMBER 2.00
Director
$0 $0 $0
DR CHRISTINE SINDT MEMBER 2.00
Director
$0 $0 $0
DR YE LAO MEMBER 2.00
Director
$0 $0 $0
R SCOTT JOHNSON MEMBER 2.00
Director
$0 $0 $0
DR ASHTYN ZINN MEMBER 2.00
Director
$0 $0 $0
STEVEN BRODY CEO AND PRESIDENT 40.00
Officer
$210,840 $6,462 $217,302
STEVEN SMITH COMMERCIAL OFFICER 40.00
Highest
$158,790 $12,790 $171,580
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,948,451 $2,163,333 $15,246,639 $4,785,118
2024 $7,697,006 $2,810,364 $11,193,384 $4,886,642
2023 $7,338,139 $2,307,855 $6,297,217 $5,030,284
2022 $1,803,790 $1,584,053 $1,127,931 $219,737
2021 $2,701,936 $2,753,154 $922,274 $-51,218
2018 $1,166,261 $1,096,248 $651,976 $70,013
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