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Illinois Biotechnology Innovation Organization

EIN 36-4225980 · Chicago, IL

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceNot ratedToo small or too little detailImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO MAKE ILLINOIS AND THE SURROUNDING MIDWEST ONE OF THE WORLD'S TOP LIFE SCIENCES CENTERS, A GREAT PLACE TO DO BUSINESS, AND A GREAT PLACE TO GROW NEW TECHNOLOGY VENTURES. IBIO PROMOTES SOUND POLICY AT THE LOCAL, STATE, AND FEDERAL LEVELS; IMPROVES ITS REGION'S ABILITY TO CREATE, ATTRACT, AND RETAIN BUSINESSES; ORCHESTRATES INDUSTRY INVOLVEMENT TO HELP SOLVE AMERICA'S MATH AND SCIENCE EDUCATION CRISIS; AND CONTRIBUTES TO THE WELL-BEING OF PEOPLE WORLDWIDE BY CREATING NEW JOBS, WEALTH, AND PROSPERITY.

Income
$701,113
Spending
$661,507
Employees
0
Volunteers
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Governance

This return does not answer enough of the governance questions to score.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. ADVOCACY - PROMOTES SOUND POLICY DEVELOPMENT AT THE LOCAL, STATE, AND FEDERAL LEVELS AND ANNUALLY HONORS ELECTED AND APPOINTED GOVERNMENT OFFICIALS WHO HAVE MADE VALUABLE CONTRIBUTIONS TO BIOTECHNOLOGY.
  2. MEMBERSHIP - BUILDS COMMUNITY BY PROVIDING OPPORTUNITIES TO CONNECT AND ENGAGE WITH THE BIOTECHNOLOGY INDUSTRY.
  3. EDUCATION - HOSTS A VARIETY OF EVENTS, INCLUDING SEMINARS, COURSES, AND ROUNDTABLES, THAT FOCUS ON EDUCATION, NETWORKING, INDUSTRY DEVELOPMENTS, AND BEST PRACTICES IN BIOTECHNOLOGY.
  4. PUBLICATIONS - PROVIDES BIOTECHNOLOGY NEWS AND UPDATES ON ITS WEBSITE AND PUBLISHES EDITORIALS, INFORMATION ON INDUSTRY DEVELOPMENTS, BEST PRACTICE ARTICLES, AND STORIES OF SUCCESS IN BIOTECHNOLGY THROUGH ITS BIOLOGICAL QUARTERLY MAGAZINE.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Caution.

    The IRS master file records contributions to this 501(c)(6) business league as not deductible.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1999.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Biotechnology Innovation Organization (Washington, DC), EIN 52-1224577. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.