Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| SUPPLEMENTAL INFORMATION | ORGANIZATION'S MISSION FORM 990, PART I, LINE I (CONT'D) because patients can't wait, we are dedicated to propelling the rich innovation ecosystem in the New Jersey region to stimulate and support innovation, improve and save lives, and lower the hurdles of healthcare and advancements for society. As the industry's voice in New Jersey, we fulfill our mission by ensuring that: Science is Supported, Companies are Created, Drugs are Developed and Patients are Paramount. SIGNIFICANT PROGRAM SERVICES Form 990, Part III, LINE 2 BioNJ, Inc. launched the Entrepreneurial Fellowship Program in 2018. The program was created to mentor, develop and train life sciences would-be entrepreneurs in NJ with the hope that candidates will return to NJ to open their own research organizations and/or drug companies in the future or retain their talent in NJ companies. Candidates rotate between multiple companies for a term of six-months. DELEGATE CONTROL OVER MANAGEMENT DUTIES FORM 990, PART VI, LINE 3 THE OPERATIONS OF BIONJ, INC. ARE ADMINISTERED BY ASSOCIATION ASSOCIATES, INC. (AAI), AS DIRECTED BY THE BOARD OF TRUSTEES. AAI IS A PROFESSIONAL ASSOCIATION MANAGEMENT ORGANIZATION, WHOSE PRINCIPAL DIRECTOR ALSO SERVES AS PRESIDENT OF BIONJ, INC. RIGHTS AND PRIVILEGES OF MEMBERS FORM 990, PART VI, LINE 7A ALL MEMBERS OF BIONJ, INC. SHALL BE ENTITLED TO ATTEND AND PARTICIPATE IN MEMBERSHIP MEETINGS. EACH CORE MEMBER SHALL HAVE THE RIGHT TO VOTE ON THE ELECTION OF DIRECTORS, BUT SHALL HAVE NO OTHER VOTING RIGHTS EXCEPT ON MATTERS BROUGHT TO MEMBERSHIP BY THE BOARD. 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE AND SENT TO THE BOARD ELECTRONICALLY PRIOR TO FILING. PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST FORM 990, PART VI, LINE 12C AT THE BEGINNING OF EACH YEAR, THE CONFLICT OF INTEREST STATEMENT IS PROVIDED TO ALL BOARD MEMBERS. THEY REVIEW AND SIGN AND THE STATEMENT IS RETURNED TO THE PRESIDENT WHO REVIEWS AND IDENTIFIES POTENTIAL CONFLICTS. IF ANY CONFLICTS EXIST, THE AFFECTED INDIVIDUAL IS EXCUSED FROM VOTING ON THE MATTER. AVAILABILITY OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, & FINANCIAL STATEMENTS TO PUBLIC FORM 990, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990 PART IX LINE 11G | DESCRIPTION:CONTRACTED MANAGEMENT SERVICES TOTAL FEES:442500 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:TALENT SERVICES TOTAL FEES:57159 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:HR OVERSIGHT TOTAL FEES:55000 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:STRATEGIC PLAN TOTAL FEES:35000 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:PUBLIC AFFAIRS/COMMUNICATIONS TOTAL FEES:29887 |
| FORM 990 PART IX LINE 11G | DESCRIPTION:WORKFORCE DEVELOPMENT TOTAL FEES:8108 |
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