Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | BIONJ IS A POWERFUL NETWORK OF 400 MEMBER COMPANIES REPRESENTING RESEARCH-BASED LIFE SCIENCES COMPANIES AND STAKEHOLDERS. 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. |
| FORM 990, PART VI, SECTION A, 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. |
| FORM 990, PART VI, SECTION A, 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 BROUGHT BY THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B: | THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUTING FIRM. THE 990 IS THEN REVIEWED BY THE AUDIT COMMITTEE AND SENT TO THE BOARD ELECTRONICALLY PRIOR TO FILING. |
| FORM 990, PART VI, SECTION C, LINE 19: | DOCUMENTS ARE AVAILABLE UPON REQUEST |
| 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. |
| FORM 990, PART XII, LINE 2C | BIONJ, INC. HAS AN AUDIT COMMITTEE THAT ASSUMES OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. |
| FORM 990, PART XI, LINE 8 | PRIOR PERIOD ADJUSTMENT OF $813,327. |
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