BIOENTERPRISE CORP: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: BIOENTERPRISE CORP (EIN 34-1947257)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-05-09
IRS object ID: 202441309349304004
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule C
Schedule I
Schedule N
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-09T13:54:15-05:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	341912961	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	COHEN & COMPANY LTD	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	OFFICES LISTED AT	AddressLine1Txt
City	WWWCOHENCPACOM	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44115	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	341947257	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BIOENTERPRISE CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BIOE	BusinessNameControlTxt
Phone	2166583999	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 180	AddressLine1Txt
City	GRAND RIVER	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	440459800	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN K LANE	PersonNm
Person Title	PRESIDENT AND TREASURER	PersonTitleTxt
Phone	2166583999	PhoneNum
Signature	2024-05-08	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOHN	PersonFirstNm
Person Last	LANE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd
Form8822 B Attached	Yes (X)	Form8822BAttachedInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PARGAT SINGH	PreparerPersonNm
PTIN	P02184330	PTIN
Phone	8002291099	PhoneNum
Preparation	2024-05-08	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	JOHN K LANE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 180	AddressLine1Txt
City	GRAND RIVER	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	440459800	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$6,428,313	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.BIOENTERPRISE.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2000	FormationYr
Legal Domicile State	OH	LegalDomicileStateCd
Activity Or Mission	TO FOSTER ECONOMIC DEVELOPMENT AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH.	ActivityOrMissionDesc
Contract Termination	Yes (X)	ContractTerminationInd
Voting Members Governing Body	4	VotingMembersGoverningBodyCnt
Voting Members Independent	4	VotingMembersIndependentCnt
Total Employee	3	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$553,814	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$487,991	PYProgramServiceRevenueAmt
CY Program Service Revenue	$570,801	CYProgramServiceRevenueAmt
PY Investment Income	$874,067	PYInvestmentIncomeAmt
CY Investment Income	$2,587,166	CYInvestmentIncomeAmt
PY Other Revenue	$5,191	PYOtherRevenueAmt
CY Other Revenue	$1,196,744	CYOtherRevenueAmt
PY Total Revenue	$1,921,063	PYTotalRevenueAmt
CY Total Revenue	$4,354,711	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$3,600,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$92,167	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$76,599	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,391,467	PYOtherExpensesAmt
CY Other Expenses	$931,369	CYOtherExpensesAmt
PY Total Expenses	$1,483,634	PYTotalExpensesAmt
CY Total Expenses	$4,607,968	CYTotalExpensesAmt
PY Revenues Less Expenses	$437,429	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$253,257	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,389,424	TotalAssetsBOYAmt
Total Assets EOY	$610,093	TotalAssetsEOYAmt
Total Liabilities BOY	$1,526,074	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$863,350	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$610,093	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	BIOENTERPRISE WAS 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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	Yes (1)	SignificantChangeInd
Expense	$4,194,021	ExpenseAmt
Grant	$3,600,000	GrantAmt
Revenue	$1,767,545	RevenueAmt
Desc	BIOSCIENCE INCUBATOR: BIOENTERPRISE HAD A 44,000 SQUARE FOOT INCUBATOR DESIGNED TO PROVIDE LOW-COST FACILITIES AND SERVICES FOR BIOMEDICAL ENTREPRENEURS AND START-UP COMPANIES. THE INCUBATOR HAD 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 HAD A SPECIAL EQUIPMENT ROOM WITH EQUIPMENT THAT WOULD NORMALLY BE UNAVAILABLE TO THE START-UP COMPANIES.	Desc
Total Program Service Expenses	$4,194,021	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	Yes (1)	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	4	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	3	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	4	GoverningBodyVotingMembersCnt
Independent Voting Member	4	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	OH	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UEHLINGER TABLACK CPAS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2164381040	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5755 GRANGER RD SUITE 340	AddressLine1Txt
City	INDEPENDENCE	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44131	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
JOHN LANE
PRESIDENT, SECRETARY AND TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
PETER POULOS
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JOSEPH RICH
DIRECTOR	1.00	Yes (X)		$0	$0	$0
DAVID SYLVAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
CASE WESTERN RESERVE UNIVERSITY
10900 EUCLID AVENUE	CLEVELAND	OH	44106	ANNUAL MAINTENANCE CHARGE FOR INCUBATOR	$153,545
MCDONALD HOPKINS LLC
600 SUPERIOR AVE E SUITE 2100	CLEVELAND	OH	44114	LEGAL SERVICES	$131,163

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	INCUBATOR REVENUE	Desc
Business	532000	BusinessCd
Total Revenue Column	$570,801	TotalRevenueColumnAmt
Related Or Exempt Func Income	$570,801	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$570,801	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$91,000	TotalRevenueColumnAmt
Exclusion	$91,000	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$4,569,768	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$2,073,602	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$2,496,166	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,496,166	TotalRevenueColumnAmt
Exclusion	$2,496,166	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CANCELATION OF DEBT	541610	$1,157,918	$1,157,918
BWC/HEALTHCARE REFUND	541610	$38,826	$38,826

Field	Value	IRS element (for citing)
Other Revenue Total	$1,196,744	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,354,711	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,767,545	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$2,587,166	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$3,600,000	TotalAmt
Program Services	$3,600,000	ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$30,334	TotalAmt
Program Services	$26,649	ProgramServicesAmt
Management And General	$3,685	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,630	TotalAmt
Program Services	$4,009	ProgramServicesAmt
Management And General	$621	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$67	TotalAmt
Program Services	$58	ProgramServicesAmt
Management And General	$9	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$41,568	TotalAmt
Program Services	$36,260	ProgramServicesAmt
Management And General	$5,308	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$82,683	TotalAmt
Program Services	$82,683	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$301,501	TotalAmt
Program Services	$15,075	ProgramServicesAmt
Management And General	$286,426	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$45,726	TotalAmt
Program Services	$45,180	ProgramServicesAmt
Management And General	$546	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$31,431	TotalAmt
Program Services	$27,546	ProgramServicesAmt
Management And General	$3,885	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$25,098	TotalAmt
Program Services	$21,970	ProgramServicesAmt
Management And General	$3,128	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,031	TotalAmt
Management And General	$2,031	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$254,811	TotalAmt
Program Services	$224,006	ProgramServicesAmt
Management And General	$30,805	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$18,648	TotalAmt
Program Services	$16,324	ProgramServicesAmt
Management And General	$2,324	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
INCUBATOR EXPENSE	$94,261	$94,261
SETTLEMENT CHARGES	$75,179		$75,179

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,607,968	TotalAmt
Program Services	$4,194,021	ProgramServicesAmt
Management And General	$413,947	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$74,142	BOYAmt
EOY	$623,883	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$336	BOYAmt
EOY	$216	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$26,635	BOYAmt
EOY	$0	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$0	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$0	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,302,317	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	-$14,006	BOYAmt
EOY	-$14,006	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,389,424	BOYAmt
EOY	$610,093	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,407,038	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$81,786	BOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$37,250	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,526,074	BOYAmt
EOY	$0	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$863,350	BOYAmt
EOY	$610,093	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$863,350	BOYAmt
EOY	$610,093	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,389,424	BOYAmt
EOY	$610,093	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$253,257	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,856,006	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,180,025	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$73,415	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$553,814	CurrentTaxYearMinus1YearAmt
Total	$4,663,260	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,856,006	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,180,025	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$73,415	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$553,814	CurrentTaxYearMinus1YearAmt
Total	$4,663,260	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$4,663,260	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,300	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$300,306	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,180,000	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$874,067	CurrentTaxYearMinus1YearAmt
Current Tax Year	$91,000	CurrentTaxYearAmt
Total	$2,446,673	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$158,289	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$86	CurrentTaxYearMinus3YearsAmt
Total	$158,375	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$7,268,308	TotalSupportAmt
Gross Receipts Rltd Activities	$7,517,875	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.64160	PublicSupportCY170Pct
Public Support PY170	0.76580	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	MISCELLANEOUS INCOME - 2019 AMOUNT: $ 86. MANAGEMENT FEE INCOME - 2018 AMOUNT: $ 158,289.	ExplanationTxt

Schedule C IRS990ScheduleC

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$447,202	CurrentYearMinus3Amt
Total	$447,202	TotalAmt

Field	Value	IRS element (for citing)
Lobbying Ceiling	$670,803	LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$66,174	CurrentYearMinus3Amt
Total	$66,174	TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$111,801	CurrentYearMinus3Amt
Total	$111,801	TotalAmt

Field	Value	IRS element (for citing)
Grassroots Ceiling	$167,702	GrassrootsCeilingAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	0	GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Purpose Of GrantPurposeOfGrantTxt
CASE WESTERN RESERVE UNIVERSITY
10900 EUCLID AVENUE	CLEVELAND	OH	44106	341018992	501(C)3	$1,200,000	$0	TO FOSTER ECONOMIC DEVELOPMENT AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH.
THE CLEVELAND CLINIC FOUNDATION
6801 BRECKVILLE ROAD RK1-85	INDEPENDENCE	OH	44131	340714585	501(C)3	$1,200,000	$0	TO FOSTER ECONOMIC DEVELOPMENT AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH.
UNIVERSITY HOSPITALS HEALTH SYSTEM INC
3605 WARRENSVILLE CENTER ROAD	SHAKER HEIGHTS	OH	44122	340714775	501(C)3	$1,200,000	$0	TO FOSTER ECONOMIC DEVELOPMENT AND COMMERCIALIZE BIOSCIENCE TECHNOLOGIES TO IMPROVE PUBLIC HEALTH.

Field	Value	IRS element (for citing)
Total501c3 Org	3	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Schedule N IRS990ScheduleN

Disposition Of Assets Detail DispositionOfAssetsDetail

Field	Value	IRS element (for citing)
Assets Distri Or Expnss Paid	ALL REAL ESTATE, EQUIPMENT, FURNITURE, FIXTURES, TENANT DEPOSITS, AND ASSIGNMENT OF LEASES	AssetsDistriOrExpnssPaidDesc
Distribution	2023-04-07	DistributionDt
Fair Market Value Of Asset	$4,569,768	FairMarketValueOfAssetAmt
Method Of FMV Determination	SALES PRICE FROM CLOSING STATEMENT	MethodOfFMVDeterminationTxt
EIN	341018992	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CASE WESTERN RESERVE UNIVERSITY	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10900 EUCLID AVE	AddressLine1Txt
City	CLEVELAND	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	441067173	ZIPCd

Field	Value	IRS element (for citing)
IRC Section	501(C)(3)	IRCSectionTxt

Field	Value	IRS element (for citing)
Director Of Successor2	0	DirectorOfSuccessor2Ind
Employee Of Successor2	Yes (1)	EmployeeOfSuccessor2Ind
Owner Of Successor2	0	OwnerOfSuccessor2Ind
Receive Compensation2	0	ReceiveCompensation2Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART II, LINE 2E:	PERSON(S) INVOLVED: PETER POULUS
PART II, LINE 2E:	EXPLANATION OF INVOLVEMENT: DIRECTOR LISTED IS THE MEMBER REPRESENTATUVE OF CASE WESTERN RESERVE UNIVERISTY WHICH WAS THE PURCHASER OF ASSETS SOLD PURSUANT TO THE PLAN APPROVED BY OHIO ATTORNEY GENERAL'S OFFICE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART III, LINE 3	THE ORGANIZATION IS WINDING DOWN OPERATIONS AND SOLD ITS REAL ESTATE ASSETS PURSUANT TO THE PLAN APPROVED BY THE OHIO ATTORNEY GENERAL'S OFFICE.
FORM 990, PART VI, SECTION A, LINE 6	BIOENTERPRISE HAS 3 NAMED MEMBERS IN ITS CODE OF REGULATIONS; CASE WESTERN RESERVE UNIVERSITY (CWRU), CLEVELAND CLINIC FOUNDATION (CFF) AND UNIVERSITY HOSPITALS HEALTH SYSTEMS (UHHS).
FORM 990, PART VI, SECTION A, LINE 7A	CWRU, CCF AND UHHS HAVE FULL POWER OF GOVERNANCE OVER THE AFFAIRS OF THE CORPORATION AND SHALL EXERCISE THE RIGHTS AND PRIVILEGES. MEMBERS DELEGATE TO THE BOARD OF DIRECTORS THE AUTHORITY AND DUTY TO OVERSEE AND GOVERN THE AFFAIRS OF THE CORPORATION. ANY MATTERS THAT CANNOT BE VOTED ON BY THE BOARD OF DIRECTORS WILL BE BROUGHT TO THE MEMBERS FOR UNANIMOUS APPROVAL.
FORM 990, PART VI, SECTION B, LINE 11B	THE FINANCE AND AUDIT COMMITTEE OF THE BIOENTERPRISE BOARD OF DIRECTORS REVIEWS FORM 990 AND REPORTS TO THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 12C	TWO VICE PRESIDENTS MONITOR THE CONFLICT OF INTEREST STATEMENTS FROM BOARD MEMBERS AND EMPLOYEES; NOTED CONFLICTS ARE REVIEWED ALSO BY LEGAL COUNSEL AND THE BOARD'S FINANCE AND AUDIT COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION FOR THE SOLE EMPLOYEE AT THE END OF THE FISCAL YEAR IS REVIEWED AND ADJUSTED AT THE BOARD LEVEL.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:	NO CHANGES IN THE PROCESS HAVE OCCURRED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	BIOENTERPRISE MANAGEMENT CORPORATION	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1 ST CLAIR AVENUE	AddressLine1Txt
City	CLEVELAND	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44114	ZIPCd

Field	Value	IRS element (for citing)
EIN	270291510	EIN
Primary Activities	MANAGEMENT COMPANY	PrimaryActivitiesTxt
Legal Domicile State	OH	LegalDomicileStateCd
Direct Controlling NA	N/A	DirectControllingNACd
Entity Type	C	EntityTypeTxt
Share Of Total Income	-$123,615	ShareOfTotalIncomeAmt
Share Of EOY Assets	$7,501	ShareOfEOYAssetsAmt
Ownership	1.00000	OwnershipPct
Controlled Organization	0	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd