BIOHEALTH INNOVATION Charity Report

Public IRS 990 nonprofit record

BIOHEALTH INNOVATION

EIN 45-3824067 · Management & Technical Assistance - Medical Research (H02)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $81.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders24 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.48%of revenue went to mission work81.9% of expenses · Program services

10.36%of revenue went to fundraising9.7% of expenses

$106.87spent for every $100 of revenueSpending was higher than revenue this year.

9.04%of revenue went to management and office costs8.5% of expenses

$1.12in assets for every $1 spent this yearSome assets cannot be spent right away.

78.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $304,753 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $626,019 for RICHARD BENDIS (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,436,123

Mission workProgram services$3,880,54287.48% of revenue81.9% of expenses

ManagementOffice and general costs$400,9219.04% of revenue8.5% of expenses

FundraisingAsking for donations$459,41310.36% of revenue9.7% of expenses

Total expenses$4,740,876106.87% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202481.9% mission

202379.7% mission

202274.6% mission

202168.8% mission

202069.9% mission

201972.1% mission

201867.1% mission

201762.4% mission

Money in and money out

Revenue$4,436,123

Expenses$4,740,876

Annual shortfall $304,753 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,880,542 · 81.9% of expenses

Management and office costs$400,921 · 8.5% of expenses

Fundraising$459,413 · 9.7% of expenses

See all reported dollar amounts

Revenue$4,436,123

Expenses$4,740,876

Assets$5,288,050

Income$4,436,123

Contributions$3,498,516

Mission work (program services)$3,880,542

Fundraising$459,413

Management and general$400,921

Executive compensation (total)$698,008

Accounting fees$42,937

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD BENDISPRESIDENT & CEO · 40 hrs/week $626,019Base $590,254 · Other $35,765

ETHEL RUBINENTREPRENEUR IN RESIDENCE · 40 hrs/week $293,905Base $285,345 · Other $8,560

JOHN SULLIVANENTREPRENEUR IN RESIDENCE · 40 hrs/week $267,331Base $259,545 · Other $7,786

LYNNE BRISBANEVP OF FINANCE, OPERATIONS, · 40 hrs/week $187,306Base $181,850 · Other $5,456

OLIVIA MEYERLIFE SCIENCES BUSINESS ANALYST · 40 hrs/week $106,090

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (24)

RICHARD BENDISPRESIDENT & CEO

ETHEL RUBINENTREPRENEUR IN RESIDENCE

JOHN SULLIVANENTREPRENEUR IN RESIDENCE

LYNNE BRISBANEVP OF FINANCE, OPERATIONS,

OLIVIA MEYERLIFE SCIENCES BUSINESS ANALYST

JOHN SACKETTBOARD MEMBER

STEVEN ROBERTSBOARD MEMBER

SARAH POTTERBOARD MEMBER (NOV-DEC)

RONALD KURZBOARD MEMBER

RACHEL RATHBOARD MEMBER (NOV-DEC)

PETE BRISKMANCHAIR

KURT NEWMANBOARD MEMBER

JUERGEN KLENKBOARD MEMBER

AIMEE SMARTBOARD MEMBER

JOEL MARCUSBOARD MEMBER

JAY PERMANBOARD MEMBER

JARROD BORKATBOARD MEMBER

ERIC EDWARDSBOARD MEMBER (JUNE-DEC)

DONNA EDMONDSVICE CHAIR

DAVE LEMUSTREASURER

CHRISTOPHER CALLAGHANBOARD MEMBER

CHARLES MORTONSECRETARY

BRETT SHEALYBOARD MEMBER (NOV-DEC)

ANTHONY LAKAVAGEBOARD MEMBER

About this charity

Recognized since: January 2012
Location: 1 Church Street 801, Rockville, MD 20850
County: Montgomery
In care of: Richard Bendis
Primary officer: Richard Bendis, President & CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@biohealthinnovation.org Phone(301) 637-0699

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: APRIO ADVISORY GROUP LLC
NTEE classification: Management & Technical Assistance - Medical Research (H02)
IRS tax category: Management & Technical Assistance