BIOENTERPRISE CORPORATION
11000 CEDAR AVENUE NO 100, CLEVELAND, OH 44106 http://WWW.BIOENTERPRISE.COM

Total Revenue
$5,386,266
Total Expenses
$5,083,772
Net Assets
$8,791,572

Organizations Filed Purposes: BIOENTERPRISE IS A BUSINESS FORMATION, RECRUITMENT AND ACCELERATION INITIATIVE DESIGNED TO FOSTER ECONOMIC DEVELOPMENT AND TO GROW HEALTH CARE COMPANIES AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH.

BIOSCIENCE COMMUNITYBIOSCIENCE COMMUNITY BUILDING POSITIONS THE REGION TO ATTRACT BIOSCIENCE ENTREPRENEURS, COMPANIES AND INVESTMENT, AND TO SPUR REAL ESTATE DEVELOPMENT AND URBAN REVITALIZATION.EVENTS BIOENTERPRISE ORGANIZES A VARIETY OF EVENTS TARGETED AT BIOSCIENCE ENTREPRENEURS, COMPANIES AND INVESTORS, IN ORDER TO PROMOTE THE REGIONS ASSETS AND TO EDUCATE THE COMMUNITY ABOUT AVAILABLE RESOURCES. THE GROWING NUMBER OF EVENTS IN NORTHEAST OHIO REFLECTS THE ACTIVE AND DYNAMIC BIOSCIENCE COMMUNITY. SEE THE EVENT SECTION ABOVE. PAST EVENTS HAVE INCLUDED NETWORKING EVENTS, WORKSHOPS AND PANEL DISCUSSIONS. TOPICS COVERED HAVE INCLUDED ACCESSING STATE, FEDERAL AND PRIVATE FUNDING, AND UNDERSTANDING REGULATORY AND REIMBURSEMENT ISSUES, AND WORKFORCE DEVELOPMENT PROGRAMS DETAILED IN THE CLUSTER BUILDING SECTION OF THIS RETURN. REGIONAL BIOMEDICAL MARKETING CAMPAIGN THE MISSION OF THE CAMPAIGN IS TO ILLUSTRATE HOW NORTHEAST OHIOS EDUCATIONAL, RESEARCH AND CLINICAL INSTITUTIONS HAVE SPURRED AN IMPRESSIVE BIOMEDICAL INDUSTRY. BIOENTERPRISE, IN PARTNERSHIP WITH REGIONAL INSTITUTIONS, IS RAISING AWARENESS ABOUT THE BREADTH AND THE DEPTH OF THE BIOMEDICAL INDUSTRY IN NORTHEAST OHIO. WHILE MANY ARE COGNIZANT OF THE REGIONS NATIONALLY RECOGNIZED EDUCATION, RESEARCH AND CLINICAL INSTITUTIONS, SUCH AS CASE WESTERN RESERVE UNIVERSITY, UNIVERSITY HOSPITALS, SUMMA HEALTH SYSTEMS AND THE CLEVELAND CLINIC, NOT AS MANY ARE FAMILIAR WITH THE REGIONS BIOMEDICAL INDUSTRY.BIOOHIO BIOENTERPRISE WORKS CLOSELY WITH BIOOHIO, A STATE-WIDE INDUSTRY ORGANIZATION DESIGNED TO BUILD AND ACCELERATE THE BIOSCIENCE SECTOR ACROSS OHIO, TO COMMUNICATE THE PROGRESS OF NORTHEASTERN OHIOS BIOSCIENCE INDUSTRY AND RESEARCH ENDEAVORS, BIOENTERPRISE PROVIDES BIOOHIO WITH INFORMATION FOR ITS STATEWIDE BIOSCIENCE REPORT WHICH IS WELL READ IN THE STATE OF OHIO.REAL ESTATE DEVELOPMENT BIOENTERPRISE HAS BEEN ENGAGED IN MULTIPLE REAL ESTATE DEVELOPMENT PROJECTS, INCLUDING THE HEALTH TECH CORRIDOR AND THE GLOBAL CENTER OF HEALTH INNOVATION, IN ORDER TO MAKE NORTHEAST OHIO A PREMIERE BUSINESS LOCATION FOR BIOSCIENCE COMPANIES.

BIOSCIENCE INCUBATORTO PROVIDE FACILITIES AND SERVICES FOR BIOMEDICAL ENTREPRENEURS AND START-UP COMPANIES. BIOENTERPRISE HAS A 44,000 SQUARE FOOT INCUBATOR. THE INCUBATOR HAS WET LABS, DRY LABS, OFFICE SPACE AND MEETING ROOMS FOR PHARMACEUTICAL, MEDICAL DEVICE AND DIAGNOSTIC INFORMATION TECHNOLOGY TENANTS AND REGIONAL BIOSCIENCE AND COMMUNITY MEETINGS. THE INCUBATOR ALSO HAS A SPECIAL EQUIPMENT ROOM WITH EQUIPMENT (E.G. STERILIZER) THAT WOULD NORMALLY BE UNAVAILABLE TO THE START-UP COMPANIES BECAUSE OF THEIR COST. THE SPACE IS RENTED TO TENANTS ON A BREAKEVEN, LOW-COST BASIS. THE INCUBATOR TENANTS ARE PROVIDED THE CONTINUUM OF BIOENTERPRISE SERVICES, WITH THE ADDED ADVANTAGE OF BEING CO-LOCATED IN SAME BUILDING AS THE BIOENTERPRISE TEAM, TWO VENTURE FIRMS AND A GOVERNMENT ADVOCACY CONSULTANCY.WHEN THE COMPANIES GROW AND BECOME TOO LARGE FOR THE INCUBATOR, BIOENTERPRISE ASSISTS THEM TO FIND APPROPRIATE SPACE IN THE REGION SUCH AS THE CLEVELAND HEALTH TECH CORRIDOR DESCRIBED ABOVE. WE HAVE PARTNERED WITH MIDTOWN CLEVELAND CDC, THE CITY OF CLEVELAND AND PRIVATE DEVELOPERS TO DEVELOP ADDITIONAL, AFFORDABLE INCUBATOR SPACE IN THE REGION. BIOMEDICAL ENTREPRENEURS MAY ALSO REQUEST ACCESS TO CERTAIN EQUIPMENT FOR A REASONABLE COST AT THE REGIONAL RESEARCH INSTITUTIONS.THE PERTINENT STATISTICAL INFORMATION OF THE INCUBATOR IS AS FOLLOWS:THE INCUBATOR HAD 13 TENANTS AT THE END OF THE FISCAL YEARTHE INCUBATOR GRADUATED 1 TENANT DURING THE FISCAL YEARENTREPRENEURIAL ASSISTANCE WAS PROVIDED TO 10 TENANTS DURING THE FISCAL YEARTHE INCUBATOR IS SELF-SUPPORTED THROUGH RENT AND IN-KIND SERVICES, AND HAS BUILT UP A CAPITAL SURPLUS TO ALLOW FOR FUTURE MAINTENANCE.


Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

Name Title Hours Per Week Total Salary
ARAM NERPOUNI PRESIDENT & CEO 60.00 $403,716
CAROL A CLARK VICE PRESIDENT, BD 45.00 $238,773
JAMES WEISMAN VICE PRESIDENT, BD 45.00 $223,735
VIJAY IYER VICE PRESIDENT, BD 45.00 $195,144
DAVID RICCO DIRECTOR, BD 45.00 $178,043
EMILY BALLOU VICE PRESIDENT, MARKETING 45.00 $177,986
BILL POORE VICE PRESIDENT, FINANCE 50.00 $104,723
KIM BERGER DIRECTOR, FINANCE 50.00 $86,661
THOMAS J STRAUSS TRUSTEE 1.00 $0
APRIL MILLER BOISE TRUSTEE 1.00 $0
DANIEL I SIMON TRUSTEE 1.00 $0
THOMAS J GRAHAM TRUSTEE 1.00 $0
JOSHUA H BILENKER TRUSTEE 1.00 $0
JOSEPH D ROMAN TRUSTEE 1.00 $0
FRANK DOUGLAS TRUSTEE 1.00 $0
MONTE AHUJA TRUSTEE 1.00 $0
BRUCE E ROBERTS TRUSTEE 1.00 $0
PAMELA DAVIS TRUSTEE 1.00 $0
BARBARA R SNYDER CHAIR 4.00 $0

data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201521279349300022_public.xml



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