Broad Hollow Bioscience Park Inc
- Assets
- $30.6m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Farmingdale, NY
- Founding
- 06/1999
- Data as of
- 06/2021
- EIN
- 11-3455950
Organization Overview
Broad Hollow Bioscience Park Inc is located in Farmingdale, NY. The organization was established in 1999. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Broad Hollow Bioscience Park Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broad Hollow Bioscience Park Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Broad Hollow Bioscience Park Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $5.2m during the year ending 06/2021. While expenses have increased by 7.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AND OPERATE SPECIALIZED FACILITIES TO SUPPORT A BIOSCIENCE ECONOMIC DEVELOPMENT PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE THE RENTAL OF THE FACILITIES PROVIDED TO TECHNOLOGICALLY INNOVATIVE BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Blyskal Executive Direc | OfficerTrustee | 40 | $162,694 |
Robert S Morrissey Facilities Mgr | 40 | $123,519 | |
Charles Adair Secretary | OfficerTrustee | 1 | $0 |
John Maroney Vice-Chair | OfficerTrustee | 4 | $0 |
George P Larosa Chair | OfficerTrustee | 4 | $0 |
Paul Amoruso Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $397,733 |
| Investment income | $300,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,983,823 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,689,454 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,415 |
| Compensation of current officers, directors, key employees. | $39,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,261 |
| Pension plan accruals and contributions | $35,103 |
| Other employee benefits | $65,014 |
| Payroll taxes | $25,232 |
| Fees for services: Management | $288,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,085 |
| Fees for services: Lobbying | $4,906 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,200 |
| Office expenses | $28,496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $967,439 |
| Insurance | $197,343 |
| All other expenses | $22,854 |
| Total functional expenses | $5,182,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,516 |
| Savings and temporary cash investments | $710,988 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,094 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,381 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $190,345 |
| Net Land, buildings, and equipment | $9,367,425 |
| Investments—publicly traded securities | $19,947,068 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,904 |
| Total assets | $30,625,721 |
| Accounts payable and accrued expenses | $474,154 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,353 |
| Total liabilities | $492,507 |
| Net assets without donor restrictions | $30,133,214 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,625,721 |
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Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |