TY 2020 Form 990EZ

Check if applicable:

Address change

Name change

Initial return

Final return/terminated

Amended return

Application pending

C Name of organization
BioNorthTexas Inc

Number and street (or P. O. box, if mail is not delivered to street address)5000 Riverside Dr Bldg 6
Room/suite

City or town, state or province, country, and ZIP or foreign postal code Irving, TX75039

D Employer identification number

47-1752944

E Telephone number

(817) 760-8191

F Group Exemption
Number bullet

Part ⅢStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III . .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? The organization is devoted to promoting and improving business conditions of the life science and biotechnology community of North Texas. It improves collaboration and networking between members alliance organizations and industry stakeholders supports the development cycle of life sciences innovation from ideation through commercialization promotes access to capital and provides funding-focused education for early stage and university based technology innovations promotes industry awareness and partnership opportunities with academic institutions, incubators, and economic development entities creates effective mechanisms to foster the convergence of industry and science develops programs to attract, train and retain life sciences talent in the North Texas region provides a forum for advocacy at the regional, state and national level and promotes and improves the reputation of North Texas as a premier life science innovation region and a desired place to work and live.
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 iC3 Life Science Summit Annual Conference - Attendees network, create partnerships, sales and innovation through the collaborative nature of the events. (Grants $ 29,205) If this amount includes foreign grants, check here ...			28a
29 Event Forums - Regional networking and educational events with speakers and/or panels on various industry topics. (Grants $ 4,000) If this amount includes foreign grants, check here ...			29a	2,500
30 (Grants $ ) If this amount includes foreign grants, check here ...			30a
31 Other program services (describe in Schedule O) ................ (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	33,205

(a) Name and title	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)
Jorge Varela CEO	20.00	62,000
Jason Wietjes Vice President	1.00	0
Frank Grassler Secretary	1.00	0
Kristin Lonergan Director	1.00	0
David Foster Director	1.00	0
Arthur Clapp Director	1.00	0
Duane Dimos Director	1.00	0
Jaime Walkowiak Director	1.00	0
Maxwell Lea Director	1.00	0
Kathleen Gibson Director	1.00	0
Dave Carlson Director	1.00	0
Melissa Krauth Director	1.00	0
Terry Foster Director	1.00	0
Debbie Hutchinson Director	1.00	0
Milton De La Paz Director	1.00	0
Darlene Boudreaux CFO	5.00	0

Yes

Did the organization engage in lobbying activities or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II .......................

Is the organization a school as described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E ..

49a

Did the organization make any transfers to an exempt non-charitable related organization?......

49a

If "Yes," was the related organization a section 527 organization?................

49b

Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and title of each employee	(b) Average hours per week devoted to position	(c) Reportable compensation (Forms W-2/1099-MISC)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
NONE

Total number of other employees paid over $100,000 ............. bullet

Complete this table for the organization's five highest compensated independent contractors who each received more than $100,000 of compensation from the organization. If there is none, enter "None."

(a) Name and business address of each independent contractor	(b) Type of service	(c) Compensation
NONE

Return Reference	Explanation
Other Expenses.1001	Advertising and Promotion $1808
Other Expenses.1002	Office Expenses $3881
Other Expenses.1007	Conferences, Conventions, and Meetings $4000
Other Expenses.1012	Insurance $941
Other Expenses.1	Event consultant $2399
Other Expenses.2	Dues $1240
Other Expenses.3	Banking fees $543

Return Reference

Explanation

Other Expenses.1001

Advertising and Promotion $1808

Other Expenses.1002

Office Expenses $3881

Other Expenses.1007

Conferences, Conventions, and Meetings $4000

Other Expenses.1012

Insurance $941

Other Expenses.1

Event consultant $2399

Other Expenses.2

Dues $1240

Other Expenses.3

Banking fees $543

1	Contributions, gifts, grants, and similar amounts received ....................	1	54,997
2	Program service revenue including government fees and contracts ................	2	2,500
3	Membership dues and assessments .............................	3	5,932
4	Investment income ....................................	4
5a	Gross amount from sale of assets other than inventory .......	5a
b	Less: cost or other basis and sales expenses ............	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000)	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the			sum of such gross income and contributions exceeds $15,000) ..	6b	0
c	Less: direct expenses from gaming and fundraising events ...	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances ......	7a
b	Less: cost of goods sold .............	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) ....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8 ..............	9	63,429

10	Grants and similar amounts paid (list in Schedule O) ................	10
11	Benefits paid to or for members ......................	11
12	Salaries, other compensation, and employee benefits ................	12	62,000
13	Professional fees and other payments to independent contractors ............	13	500
14	Occupancy, rent, utilities, and maintenance ...................	14
15	Printing, publications, postage, and shipping ...................	15
16	Other expenses (describe in Schedule O) ...................	16	14,812
17	Total expenses. Add lines 10 through 16 .................	17	77,312

18	Excess or (deficit) for the year (Subtract line 17 from line 9) ............	18	-13,883
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return) .................	19	15,394
20	Other changes in net assets or fund balances (explain in Schedule O) ...........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20 ..........	21	1,511

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Software ID:	20011566
Software Version:	2020v4.0