BioMADE

Legal name: Bioindustrial Manufacturing and Design Ecosystem Inc

Nonprofit profile at a glance

EIN
851800999
IRS 990 coverage
2020–2024
Official website data refreshed
Jul 2026
Forms available
Form 990 2024
Location
Twin Cities, MN, USA
Phone
(651) 867-6588
Rating confidence
Limited
Sector
Business and Industry

Official website

Reported finances

Revenue
$96,121,380
Expenses
$67,575,189
Assets
$98,822,575
Liabilities
$66,200,595

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • DOUGLAS FRIEDMAN (PRESIDENT/CEO & CHAIR)

Highest reported compensation

  • DOUGLAS FRIEDMAN (PRESIDENT/CEO & CHAIR): $964,396 total reported compensation
  • MELANIE M TOMCZAK (CHIEF TECHNOLOGY OFFICER): $532,959 total reported compensation
  • JAYNE LAIPRASERT (SECRETARY/GENERAL COUNSEL): $519,849 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

BioMADE works for the greater good of the domestic bioindustrial manufacturing industry. From investing in groundbreaking technology and innovation research that is moving the industry forward to building the workforce of the future, BioMADE supports members with funding, collaboration, resources, and more. BioMADE is closing the gap in critically needed domestic pilot- and demonstration-scale bioindustrial manufacturing infrastructure with its Pilot Plant Network.

What it reported doing in 2024

Biomade's accomplishments during fy25 included:1. Active management of technical and education and workforce development projects through subawards to biomade members in support of the bioindustrial manufacturing industry in the united states.2. Continued execution of national biomanufacturing pilot plant network strategy, including detailed engineering work and site selection for additional plants in California and Iowa.3. Hosted convenings showcasing technology and education and workforce development projects, national security-related opportunities in bioindustrial manufacturing and offering network building opportunities for members and u.s. Government stakeholders.

Operating model

Revenue model
Grant-funded. 97% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 62
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.9%; rating input score 100; 47th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 28th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.7%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 1.46; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 6.6%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 54.4% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 55.5% per year; rating input score 100; 99th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $56.4M in reported program spending
  • Leadership: top reported pay $964K · 16 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.4M reported
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 83 filed money-flow records
  • Related organizations: 78 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.