Civic Intelligence

Bucks County Biotechnology Center Inc.

990 • Fiscal year 2017 • EIN 20-3672921

Jul 01, 2016 to Jun 30, 2017 • Filed on May 02, 2018

3805 Old Easton RoadDoylestown, PA 18902

(215) 489-4948

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.63x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

4.57x

Higher debt load relative to revenue than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

57th percentile

5.0%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$272,108

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

21st percentile

-2.7%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-5.2%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$13,791,179

Down $380,376 (-2.7%) from 2016

Net Assets

Down

$5,085,428

Down $1,905,622 (-27%) from 2016

Liabilities

Up

$8,705,751

Up $1,525,246 (+21%) from 2016

Revenue

Down

$1,903,424

Down $105,032 (-5.2%) from 2016

Expenses

Up

$1,809,046

Up $29,329 (+1.6%) from 2016

Net Income

Down

$94,378

Down $134,361 (-59%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $15,417,912Liabilities 2011: $8,605,314Net Assets 2011: $6,812,5982011Assets 2012: $15,048,293Liabilities 2012: $8,428,884Net Assets 2012: $6,619,4092012Assets 2013: $14,709,349Liabilities 2013: $8,060,244Net Assets 2013: $6,649,1052013Assets 2014: $14,700,816Liabilities 2014: $7,949,546Net Assets 2014: $6,751,2702014Assets 2015: $14,497,801Liabilities 2015: $7,735,490Net Assets 2015: $6,762,3112015Assets 2016: $14,171,555Liabilities 2016: $7,180,505Net Assets 2016: $6,991,0502016Assets 2017: $13,791,179Liabilities 2017: $8,705,751Net Assets 2017: $5,085,4282017Assets 2018: $14,979,907Liabilities 2018: $10,021,363Net Assets 2018: $4,958,5442018Assets 2019: $14,809,681Liabilities 2019: $9,788,897Net Assets 2019: $5,020,7842019Assets 2020: $16,705,402Liabilities 2020: $11,557,783Net Assets 2020: $5,147,6192020Assets 2021: $24,866,369Liabilities 2021: $19,105,891Net Assets 2021: $5,760,4782021Assets 2022: $38,271,152Liabilities 2022: $28,125,796Net Assets 2022: $10,145,3562022Assets 2023: $37,976,941Liabilities 2023: $23,773,503Net Assets 2023: $14,203,4382023Assets 2024: $36,005,466Liabilities 2024: $21,259,863Net Assets 2024: $14,745,6032024Assets 2025: $34,327,996Liabilities 2025: $19,600,532Net Assets 2025: $14,727,4642025

Highlighted filing

2017

Assets$13,791,179
Liabilities$8,705,751
Net Assets$5,085,428

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,593,821Expenses 2011: $1,579,546Net Income 2011: $14,2752011Expenses 2012: $1,756,6262012Revenue 2013: $1,648,024Expenses 2013: $1,618,328Net Income 2013: $29,6962013Revenue 2014: $1,751,141Expenses 2014: $1,648,976Net Income 2014: $102,1652014Revenue 2015: $1,903,627Expenses 2015: $1,892,586Net Income 2015: $11,0412015Revenue 2016: $2,008,456Expenses 2016: $1,779,717Net Income 2016: $228,7392016Revenue 2017: $1,903,424Expenses 2017: $1,809,046Net Income 2017: $94,3782017Revenue 2018: $2,005,036Expenses 2018: $2,131,920Net Income 2018: -$126,8842018Revenue 2019: $2,075,944Expenses 2019: $2,013,704Net Income 2019: $62,2402019Revenue 2020: $2,235,853Expenses 2020: $2,109,018Net Income 2020: $126,8352020Revenue 2021: $2,639,920Expenses 2021: $2,027,061Net Income 2021: $612,8592021Revenue 2022: $8,086,852Expenses 2022: $3,701,974Net Income 2022: $4,384,8782022Revenue 2023: $8,516,268Expenses 2023: $4,536,729Net Income 2023: $3,979,5392023Revenue 2024: $6,463,781Expenses 2024: $5,921,607Net Income 2024: $542,1742024Revenue 2025: $5,788,770Expenses 2025: $5,806,909Net Income 2025: -$18,1392025

Highlighted filing

2017

Revenue$1,903,424
Expenses$1,809,046
Net Income$94,378
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 2, 2018
Return Version
2016v3.0
Gross Receipts
$2,151,594
Mission and Program Overview

Mission

The bucks county biotechnology center, inc. Is a nonprofit research organization dedicated to the creation of a world-class biotechnology center; to the promotion of regional economic development and job creation; and to the education and training of tomorrow's researchers.

The pennsylvania biotechnology center of bucks county is the result of a unique partnership to create a historic and transformational force from which discoveries will be born, students will be trained, and new companies will be launched.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,575,651$13,447,494▼ $128,157
Cash and Non-Interest-Bearing Accounts$315,534$124,504▼ $191,030
Prepaid Expenses and Deferred Charges$3,363$52,530▲ $49,167
Accounts Receivable$96,793$49,285▼ $47,508
Total Assets$14,171,555$13,791,179▼ $380,376
Other Assets Total$180,214$117,366▼ $62,848
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,509,224$6,076,656▼ $432,568
Other Liabilities$589,785$2,433,970▲ $1,844,185
Accounts Payable and Accrued Expenses$76,819$192,286▲ $115,467
Deferred Revenue$4,677$2,839▼ $1,838
Total Liabilities$7,180,505$8,705,751▲ $1,525,246
Net Assets / Fund Balance
Unrestricted Net Assets$6,991,050$5,085,428▼ $1,905,622
Total Net Assets Fund Balance$6,991,050$5,085,428▼ $1,905,622
Total Liabilities and Net Assets / Fund Balance$14,171,555$13,791,179▼ $380,376

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$8,566,816$3,427,727$11,994,543
Buildings$3,340,590$1,290,443$4,631,033
Land$900,000-$900,000
Other Land Buildings$329,041$262,057$591,098
Equipment$311,047$188,197$499,244
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Timothy M Block PhdPresident
Loren Danzis EsqDirector
Louis P Kassa IiiDirector / COO
Joel Rosen EsqSecretary
Joseph Hediger MbaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Steven S CohenArchitectural Design63 MORAN AVENUE, Princeton, NJ 08542$154,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,944,850
Investment Income
$83
Other Revenue
$-41,509
Change in Net Assets
$94,378

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,151,511
Revenue Not Reported on Financial Statements
$-248,087
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-248,087
Total Revenue per Audited Statements
$2,151,511
Total Revenue per Form 990
$1,903,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,809,046
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$537,310--$537,310
Interest$224,235$51,868-$276,103
Other Expenses$42,010$108,940-$150,950
Fees for Services Legal-$43,610-$43,610
Insurance-$22,853-$22,853
Fees for Services Accounting-$15,000-$15,000
Fees for Services Other$7,366$5,753-$13,119
All Other Expenses$-173,105$-8,684-$-181,789
Total Functional Expenses$1,385,771$423,275$0$1,809,046

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,006,702
Total Expenses per Audited Statements$2,006,702
Total Expenses per Form 990$1,809,046
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-197,656
Other Expense Adjustments$-197,656
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable, Related Party$2,000,000
Security Deposits$128,104
Other Tenant Liabilities$123,578
Capital Lease Obligations$107,818
Line of Credit$40,000
Due to Affiliates$34,470
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The bucks county biotechnology center was founded and is the home for the hepatitis b foundation and the baruch s. Blumberg institute. The hbf will have at least three members on the board of directors. The hepatitis b foundation is affiliated with the bucks county biotechnology center as well as the baruch s. Blumberg institute through common management. Finally, the hepatitis b foundation and the baruch s. Blumberg institute are all tenants renting space from the bucks county biotechnology center. Joan block, wife of timothy block, president, was the board secretary of the baruch s. Blumberg institute (through 5.31.17) and is the executive director of the hepatitis b foundation.

Form 990, Part VI, Section A, Line 6

Effective october 3, 2016, delaware valley university withdrew as a member of the center leaving the hepatitis b foundation as the sole member of the center.

Form 990, Part VI, Section A, Line 7A

With the withdrawal of delaware valley university in october of 2016, the board members are appointed solely by the hepatitis b foundation.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the senior financial team. The form 990 is then given to the officers of the corporation, who review it, prior to it being filed.

Form 990, Part VI, Section B, Line 12C

Every board member completes and signs a conflict of interest disclosure statement, which is reviewed annually with senior management and employees, ensuring compliance with the policy.

Form 990, Part VI, Section B, Line 15A

The organization's top members of management are paid by the baruch s. Blumberg institute, not the bucks county biotechnology center. However, their compensation is determined by benchmarking data for the delaware valley region. Annual reviews are conducted to evaluate objective performance criteria.

Form 990, Part VI, Section C, Line 19

The form 990 is available on the guidestar website. No other documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Bucks County Biotechnology Center Inc
EIN
20-3672921
Phone
2154894948
Address
3805 OLD EASTON ROAD, DOYLESTOWN, PA 18902

Signing Officer

Name
Dr Timothy M Block
Title
President
Phone
2154894948
Signed
2018-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Timothy M Block
Formed
2004
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Eisneramper Llp
Address
130 NORTH 18TH STREET SUITE 3000, PHILADELPHIA, PA 19103-2757
Preparer
Helen M Martin
Phone
2158818800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Settlement payment to the withdrawing member-see schedule o -2,000,000.

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit and selection of the independent accountant. There has been no change to this process from prior years.

FORM 990, PART XI, LINE 9:

In an agreement dated october 3, 2016, delaware valley university ("dvu") agreed to withdraw as a member of the bucks county biotechnology center ("the center"), leaving the hepatitis b foundation as the sole member. As part of the agreement, the center agreed to pay a sum of $2,000,000 to dvu as consideration for the contributions made to the center by dvu since the center's formation.

Financial Statement Notes

PART X, LINE 2:

The internal revenue service ("irs") has classified the center as exempt from federal income taxes under section 501(c)(3) of the internal revenue code ("code"). In addition, the center qualifies for the charitable contribution deduction under section 170(b)(1)(a) of the code and has been classified as an organization other than a private foundation under section 509(a)(1) of the code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken and recognize a tax liability if the center has taken an uncertain tax position that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax positions taken by the center and has concluded that as of june 30, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The center recognizes accrued interest and penalties associated with uncertain tax positions, if any. There was no income tax related interest or penalties recorded for the years ended june 30, 2017 and 2016.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Interest income 83. Rental expense allocated to unrelated business income-debt-financed property -248,170.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Interest on settlement debt 50,514. Rental expense allocated to unrelated business income-debt-financed property -248,170.

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IRS990/MissionDesc0THE BUCKS COUNTY BIOTECHNOLOGY CENTER, INC. IS A NONPROFIT RESEARCH ORGANIZATION DEDICATED TO THE CREATION OF A WORLD-CLASS BIOTECHNOLOGY CENTER; TO THE PROMOTION OF REGIONAL ECONOMIC DEVELOPMENT AND JOB CREATION; AND TO THE EDUCATION AND TRAINING OF TOMORROW'S RESEARCHERS.
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IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-4591
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-41509
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-36918
IRS990/NetUnrelatedBusTxblIncmAmt0-36918
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0180214
IRS990/OtherAssetsTotalGrp/EOYAmt0117366
IRS990/OtherChangesInNetAssetsAmt0-2000000
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2FACILITY OPERATIONS
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02257
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11678
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2180000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3108940
IRS990/OtherExpensesGrp/ProgramServicesAmt0373940
IRS990/OtherExpensesGrp/ProgramServicesAmt1278015
IRS990/OtherExpensesGrp/ProgramServicesAmt296000
IRS990/OtherExpensesGrp/ProgramServicesAmt342010
IRS990/OtherExpensesGrp/TotalAmt0376197
IRS990/OtherExpensesGrp/TotalAmt1279693
IRS990/OtherExpensesGrp/TotalAmt2276000
IRS990/OtherExpensesGrp/TotalAmt3150950
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0589785
IRS990/OtherLiabilitiesGrp/EOYAmt02433970
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03363
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052530
IRS990/PrincipalOfficerNm0DR TIMOTHY M BLOCK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531190
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01944850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01944850
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt082
IRS990/PYOtherExpensesAmt01779717
IRS990/PYOtherRevenueAmt0-48996
IRS990/PYProgramServiceRevenueAmt02057370
IRS990/PYRevenuesLessExpensesAmt0228739
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01779717
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02008456
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt094378
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-41509
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01944850
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0232655669
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HEPATITIS B FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03340590
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01290443
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04631033
IRS990ScheduleD/EquipmentGrp/BookValueAmt0311047
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0188197
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0499244
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-197656
IRS990ScheduleD/ExpensesSubtotalAmt02006702
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0900000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0900000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08566816
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03427727
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011994543
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-197656
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0329041
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0262057
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0591098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034470
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1128104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2123578
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3107818
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt540000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER TENANT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CAPITAL LEASE OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4NOTE PAYABLE, RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5LINE OF CREDIT
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-248087
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-248087
IRS990ScheduleD/RevenueSubtotalAmt02151511
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE ("IRS") HAS CLASSIFIED THE CENTER AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"). IN ADDITION, THE CENTER QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) OF THE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF THE CENTER HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CENTER AND HAS CONCLUDED THAT AS OF JUNE 30, 2017 AND 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE CENTER RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY. THERE WAS NO INCOME TAX RELATED INTEREST OR PENALTIES RECORDED FOR THE YEARS ENDED JUNE 30, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST INCOME 83. RENTAL EXPENSE ALLOCATED TO UNRELATED BUSINESS INCOME-DEBT-FINANCED PROPERTY -248,170.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INTEREST ON SETTLEMENT DEBT 50,514. RENTAL EXPENSE ALLOCATED TO UNRELATED BUSINESS INCOME-DEBT-FINANCED PROPERTY -248,170.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013447494
IRS990ScheduleD/TotalExpensesPerForm990Amt01809046
IRS990ScheduleD/TotalLiabilityAmt02433970
IRS990ScheduleD/TotalRevenuePerForm990Amt01903424
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02151511
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02006702
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0196242
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1153742
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt018000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt19552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt057866
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt113866
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR TIMOTHY M BLOCK PHD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LOUIS P KASSA III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR / COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0272108
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1177160
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE COMPENSATION FOR TIMOTHY BLOCK AND LOUIS KASSA IS ESTABLISHED BY A RELATED ENTITY, THE BARUCH S. BLUMBERG INSTITUTE, VIA A COMPENSATION COMMITTEE, BOARD APPROVAL, AND WRITTEN EMPLOYMENT CONTRACTS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BUCKS COUNTY BIOTECHNOLOGY CENTER WAS FOUNDED AND IS THE HOME FOR THE HEPATITIS B FOUNDATION AND THE BARUCH S. BLUMBERG INSTITUTE. THE HBF WILL HAVE AT LEAST THREE MEMBERS ON THE BOARD OF DIRECTORS. THE HEPATITIS B FOUNDATION IS AFFILIATED WITH THE BUCKS COUNTY BIOTECHNOLOGY CENTER AS WELL AS THE BARUCH S. BLUMBERG INSTITUTE THROUGH COMMON MANAGEMENT. FINALLY, THE HEPATITIS B FOUNDATION AND THE BARUCH S. BLUMBERG INSTITUTE ARE ALL TENANTS RENTING SPACE FROM THE BUCKS COUNTY BIOTECHNOLOGY CENTER. JOAN BLOCK, WIFE OF TIMOTHY BLOCK, PRESIDENT, WAS THE BOARD SECRETARY OF THE BARUCH S. BLUMBERG INSTITUTE (THROUGH 5.31.17) AND IS THE EXECUTIVE DIRECTOR OF THE HEPATITIS B FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EFFECTIVE OCTOBER 3, 2016, DELAWARE VALLEY UNIVERSITY WITHDREW AS A MEMBER OF THE CENTER LEAVING THE HEPATITIS B FOUNDATION AS THE SOLE MEMBER OF THE CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WITH THE WITHDRAWAL OF DELAWARE VALLEY UNIVERSITY IN OCTOBER OF 2016, THE BOARD MEMBERS ARE APPOINTED SOLELY BY THE HEPATITIS B FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE SENIOR FINANCIAL TEAM. THE FORM 990 IS THEN GIVEN TO THE OFFICERS OF THE CORPORATION, WHO REVIEW IT, PRIOR TO IT BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EVERY BOARD MEMBER COMPLETES AND SIGNS A CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH IS REVIEWED ANNUALLY WITH SENIOR MANAGEMENT AND EMPLOYEES, ENSURING COMPLIANCE WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S TOP MEMBERS OF MANAGEMENT ARE PAID BY THE BARUCH S. BLUMBERG INSTITUTE, NOT THE BUCKS COUNTY BIOTECHNOLOGY CENTER. HOWEVER, THEIR COMPENSATION IS DETERMINED BY BENCHMARKING DATA FOR THE DELAWARE VALLEY REGION. ANNUAL REVIEWS ARE CONDUCTED TO EVALUATE OBJECTIVE PERFORMANCE CRITERIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FORM 990 IS AVAILABLE ON THE GUIDESTAR WEBSITE. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SETTLEMENT PAYMENT TO THE WITHDRAWING MEMBER-SEE SCHEDULE O -2,000,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THERE HAS BEEN NO CHANGE TO THIS PROCESS FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9IN AN AGREEMENT DATED OCTOBER 3, 2016, DELAWARE VALLEY UNIVERSITY ("DVU") AGREED TO WITHDRAW AS A MEMBER OF THE BUCKS COUNTY BIOTECHNOLOGY CENTER ("THE CENTER"), LEAVING THE HEPATITIS B FOUNDATION AS THE SOLE MEMBER. AS PART OF THE AGREEMENT, THE CENTER AGREED TO PAY A SUM OF $2,000,000 TO DVU AS CONSIDERATION FOR THE CONTRIBUTIONS MADE TO THE CENTER BY DVU SINCE THE CENTER'S FORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$34.3$19.6$14.7$5.79$5.81$0.02
2024Detailed filing. Detailed filing data is available for this year.$36.0$21.3$14.7$6.46$5.92$0.54
2023Detailed filing. Detailed filing data is available for this year.$38.0$23.8$14.2$8.52$4.54$3.98
2022Detailed filing. Detailed filing data is available for this year.$38.3$28.1$10.1$8.09$3.70$4.38
2021Detailed filing. Detailed filing data is available for this year.$24.9$19.1$5.76$2.64$2.03$0.61
2020Detailed filing. Detailed filing data is available for this year.$16.7$11.6$5.15$2.24$2.11$0.13
2019Detailed filing. Detailed filing data is available for this year.$14.8$9.79$5.02$2.08$2.01$0.06
2018Detailed filing. Detailed filing data is available for this year.$15.0$10.0$4.96$2.01$2.13$0.13
2017Detailed filing. Detailed filing data is available for this year.$13.8$8.71$5.09$1.90$1.81$0.09
2016Detailed filing. Detailed filing data is available for this year.$14.2$7.18$6.99$2.01$1.78$0.23
2015Detailed filing. Detailed filing data is available for this year.$14.5$7.74$6.76$1.90$1.89$0.01
2014Detailed filing. Detailed filing data is available for this year.$14.7$7.95$6.75$1.75$1.65$0.10
2013Summary only. Only limited summary data is available for this year.$14.7$8.06$6.65$1.65$1.62$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$8.43$6.62$1.76
2011Summary only. Only limited summary data is available for this year.$15.4$8.61$6.81$1.59$1.58$0.01