Financial Information

It is important for people who seek information on genetics and biotechnology to be able to get it from reliable sources that do not have competing financial interests. There is a need for independent sources of information and forums for people to feel free to openly discuss these issues. Accepting even a small amount of money from a business or political party that stands to gain from promoting or criticizing genetic engineering or other food and agriculture-related interests can compromise that independence. For this reason, Biology Fortified, Inc. is a tax-exempt nonprofit organization and does not accept funding from private companies, for-profit corporations, or political interests.

We make our own management and editorial decisions, and our views are not determined by, nor reflect the views of any financial supporter.

Funding Sources

The site hosting costs of Biology Fortified, Inc. (BFI) were initially footed by the founding editors, and currently the majority of financial support for these overhead costs comes from individual personal donations. BFI is not supported by any companies, government entities, or political parties.

If you would like to support BFI or contribute to one of our projects, there are many ways you can do so, including donations, custom merchandise, and more. Visit our Support Us page to find out more.

Grants

In the fall of 2009, while still just a blog named “Biofortified,” we won the Changemakers “GMO Risk or Rescue” contest, a user-voted competition organized by Ashoka Changemakers. As a result, we received a $1,500 Changemakers grant.

In the summer of 2012, Biology Fortified, Inc. won a peer-reviewed Education Foundation Grant from the American Society of Plant Biologists (ASPB) for the proposal, “Communicating Risk with Genetic Engineering Risk Atlas (GENERA).” This $10,000 grant supports our efforts to stimulate accurate science communication, a goal shared by ASPB. However, because Biology Fortified, Inc. is independently edited, views expressed on our site might not align with all ASPB position statements and might not be supported by ASPB.

In April 2013, BFI was the recipient of a New Arts Venture Challenge grant from the Arts Enterprise at the University of Wisconsin-Madison to support our Cooking with Frank N. Foode™ educational video project. The award amount was $500.

We are currently seeking nonprofit organizations that can help us fund various projects through grants. If you represent one, or can suggest an organization that might be interested in supporting our efforts, please let us know on our contact page.

Non Profit Status

IRS-letter001Biology Fortified, Inc. is a tax-exempt nonprofit organization incorporated in Middleton, Wisconsin, and has applied for tax-exempt 501(c)3 status with the IRS. This allows our donors to deduct their donations from their taxes, and provides an extra layer of transparency for our donors. In 2013, we achieved 501(c)3 tax-exempt status with the IRS, which you can verify by using this search page.

Biology Fortified, Inc. EIN: 45-5503492

Tax Documents

BFI 2012 990N

Financial Reports

We are committed to openness and transparency. In addition to the state and federal filing requirements associated with nonprofit organizations, Biology Fortified, Inc. will also publish annual financial reports online. These will detail precisely how much we have raised and spent on our various projects and activities. We are working on the format for these reports and will start publishing them in 2014 for previous years. Check back later for more information.

Expenditures

In the meantime, we do have some information available on how our organization’s funds are used. On the right is a pie chart of the proportion of expenses spent on each area.

BFI’s expenses have mainly been spent on Promotion (prizes, posters, shipping), hosting costs (server, domains, photo album), conference reporting (gas, train, cheap motel), and site development (graphic design, plugins). Here is a visual breakdown of what proportion we have spent on each area. For those who are new to the Biofortified Blog, it is important to know that those who write here do so as volunteers, so our funds do not go to pay for what is written on the blog. We also contract out for the writing of interview transcripts.

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