Biocon Inc
- Assets
- $16.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Edison, NJ
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 22-3619257
Organization Overview
Biocon Inc is located in Edison, NJ. The organization was established in 2000. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biocon 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 12/2021, Biocon Inc generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
BIOCON, INC'S. (BIO) MISSION IS TO SUPPORT THE TAX-EXEMPT MISSION OF THE MUSCULOSKELETAL TRANSPLANT FOUNDATION INC., (MTF). CONTINUED ON SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOCON, INC'S. (BIO) LONE PROGRAM SERVICE ACTIVITY IS TO SUPPORT THE TAX- EXEMPT MISSION OF ITS RELATED ORGANIZATION THE MUSCULOSKELETAL TRANSPLANT FOUNDATION, INC. (MTF) THROUGH THE SEGREGATION, PROTECTION AND OPERATION OF REAL PROPERTY ASSETS USED BY MTF IN CARRYING OUT ITS CHARITABLE ACTIVITIES. BIO HOLDS REAL ESTATE VIA ITS THREE DISREGARDED ENTITIES (AS DISCLOSED ON SCHEDULE R, PART 1). FOR INDIVIDUAL STORIES ABOUT DONOR FAMILIES, PLEASE VISIT MTF BIOLOGICS WEBSITE AT HTTPS://WWW.MTFBIOLOGICS.ORG/WHO-WE-SERVE/DONORS- COMMUNITY/DONORS-FAMILIES. STORIES ABOUT RECIPIENTS ARE ALSO AVAILABLE ON THE WEBSITE AT HTTPS://WWW.MTFBIOLOGICS.ORG/WHO-WE-SERVE/DONORS- COMMUNITY/RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph A Yaccarino President/ce | Officer | $0 | |
Michael J Kawas Treasurer/cf | Officer | $0 | |
Jennifer Birmingham Secretary/ge | Officer | $0 | |
Donald Hackbarth MD Director | Trustee | $0 | |
Dan M Spengler MD Director | Trustee | $0 | |
William W Tomford MD Director | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raymond Snyder American Landscape Landscaping | 12/30/19 | $224,358 |
Carrier Corp Hvac | 12/30/19 | $192,835 |
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 | $3,342,644 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,342,644 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,061,100 |
| 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 | $494,713 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,564,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,032,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,185 |
| Net Land, buildings, and equipment | $13,553,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,072,766 |
| Total assets | $16,726,556 |
| Accounts payable and accrued expenses | $35,948 |
| 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 | $5,007,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,539,398 |
| Total liabilities | $13,582,841 |
| Net assets without donor restrictions | $3,143,715 |
| 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 | $16,726,556 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Nurse-Led Care Consortium Philadelphia, PA | $6,488,169 | $12,417,203 |
Allegheny Healthchoices Inc Pittsburgh, PA | $22,380,125 | $8,489,332 |
Brooklyn Hospital Provider Brooklyn, NY | $47,725,309 | $10,026 |
F F Thompson Health System Inc Canandaigua, NY | $6,622,129 | $5,171,518 |
Inperium Inc Reading, PA | $2,526,996 | $3,615,560 |
Baptist Senior Services Pittsburgh, PA | $11,801,621 | $3,494,896 |
Hospice And Palliative Care Group Inc Lockport, NY | $1,207,807 | $3,978,189 |
Biocon Inc Edison, NJ | $16,726,556 | $3,342,644 |
Rural Health Network Of Scny Inc Binghamton, NY | $2,345,985 | $2,339,333 |
Carelink Community Services Media, PA | $6,116,052 | $2,902,262 |
Nassau Suffolk Hospital Council Inc Hauppauge, NY | $1,631,651 | $2,137,362 |
Healthcare Ventures Alliance Erie, PA | $4,419,267 | $1,210,063 |