Civic Intelligence

University Heights Science and Technology Park Inc.

990 • Fiscal year 2016 • EIN 22-3191573

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

Organization ProfileN/A
65 Bergen StreetNewark, NJ 07103

(973) 972-2200

Siviq Scores

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

Liabilities / Assets

14th percentile

0.01x

Higher debt load relative to assets than 14% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

8.71x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Net Margin

1st percentile

-402%

Higher net margin than 1% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE S • $1M-$5M nonprofits • Source year 2016

Asset Growth

43rd percentile

-0.1%

Faster asset growth than 43% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-76%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$3,709,582

Down $4,485 (-0.1%) from 2015

Net Assets

Up

$3,679,486

Up $1,103 (+0.0%) from 2015

Liabilities

Down

$30,096

Down $5,588 (-16%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin1st percentile

Revenue

Down

$3,457

Down $11,110 (-76%) from 2015

Expenses

Down

$17,356

Down $5,708 (-25%) from 2015

Net Income

Down

-$13,899

Down $5,402 (-64%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,780,237Liabilities 2010: $1,162,335Net Assets 2010: $4,617,9022010Assets 2011: $5,657,862Liabilities 2011: $1,227,697Net Assets 2011: $4,430,1652011Assets 2012: $5,593,384Liabilities 2012: $1,199,895Net Assets 2012: $4,393,4892012Assets 2013: $3,797,529Liabilities 2013: $52,887Net Assets 2013: $3,744,6422013Assets 2014: $3,744,875Liabilities 2014: $52,202Net Assets 2014: $3,692,6732014Assets 2015: $3,714,067Liabilities 2015: $35,684Net Assets 2015: $3,678,3832015Assets 2016: $3,709,582Liabilities 2016: $30,096Net Assets 2016: $3,679,4862016Assets 2017: $3,738,621Liabilities 2017: $30,226Net Assets 2017: $3,708,3952017Assets 2018: $3,782,922Liabilities 2018: $35,467Net Assets 2018: $3,747,4552018Assets 2019: $3,821,516Liabilities 2019: $17,907Net Assets 2019: $3,803,6092019Assets 2020: $3,870,377Liabilities 2020: $20,158Net Assets 2020: $3,850,2192020Assets 2021: $3,923,424Liabilities 2021: $28,985Net Assets 2021: $3,894,4392021Assets 2022: $3,588,617Liabilities 2022: $15,846Net Assets 2022: $3,572,7712022Assets 2023: $3,642,828Liabilities 2023: $36,877Net Assets 2023: $3,605,9512023Assets 2024: $3,585,640Liabilities 2024: $37,276Net Assets 2024: $3,548,3642024

Highlighted filing

2016

Assets$3,709,582
Liabilities$30,096
Net Assets$3,679,486
Open 2016 Filing

Operations Trend

Revenue Growth3rd percentile

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

$400K$200K$0-$200KExpenses 2010: $398,0742010Expenses 2011: $215,0262011Expenses 2012: $64,9742012Expenses 2013: $47,3942013Revenue 2014: $28,991Expenses 2014: $54,459Net Income 2014: -$25,4682014Revenue 2015: $14,567Expenses 2015: $23,064Net Income 2015: -$8,4972015Revenue 2016: $3,457Expenses 2016: $17,356Net Income 2016: -$13,8992016Revenue 2017: $35,352Expenses 2017: $6,443Net Income 2017: $28,9092017Revenue 2018: $63,090Expenses 2018: $14,530Net Income 2018: $48,5602018Revenue 2019: $61,838Expenses 2019: $5,684Net Income 2019: $56,1542019Revenue 2020: $61,714Expenses 2020: $15,104Net Income 2020: $46,6102020Revenue 2021: $60,980Expenses 2021: $16,760Net Income 2021: $44,2202021Revenue 2022: $60,887Expenses 2022: $19,184Net Income 2022: $41,7032022Revenue 2023: $60,887Expenses 2023: $27,707Net Income 2023: $33,1802023Revenue 2024: $136Expenses 2024: $57,723Net Income 2024: -$57,5872024

Highlighted filing

2016

Revenue$3,457
Expenses$17,356
Net Income-$13,899
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$3,457
Mission and Program Overview

Mission

ATTACHMENT 1

To serve as a catalyst for economic and community development through scientific research at Newark's higher education institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$452,142▲ $452,142
Accounts Receivable$186,269$186,269→ $0
Cash and Non-Interest-Bearing Accounts$569,337$129,790▼ $439,547
Pledges and Grants Receivable$17,146$0▼ $17,146
Prepaid Expenses and Deferred Charges$1,613$1,679▲ $66
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$3,714,067$3,709,582▼ $4,485
Other Assets Total$2,939,702$2,939,702→ $0
Liabilities
Deferred Revenue$0$20,226▲ $20,226
Accounts Payable and Accrued Expenses$35,684$9,870▼ $25,814
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$35,684$30,096▼ $5,588
Net Assets / Fund Balance
Unrestricted Net Assets$3,678,383$3,679,486▲ $1,103
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,678,383$3,679,486▲ $1,103
Total Liabilities and Net Assets / Fund Balance$3,714,067$3,709,582▼ $4,485

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$61,389$61,389
Other Land Buildings-$10,202$10,202
Other Assets Org$2,779,702--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Dr Joel BloomChairman
A Zachary YambaTrustee
Angela GarretsonTrustee
Baye Adofo-wilson Deputy MayorTrustee
Dr Brian L StromTrustee
Dr Nancy CantorTrustee
Honorable Donald M Payne JrTrustee
Kevin MaynorTrustee
Marcia BrownTrustee
Ms Linda McDonald Carter ESQTrustee
Steven AndreassenTrustee
Vicente PerezTrustee
Ms Jeanette F BrummellTRUSTEE/ executive director
Mr Chip HallockSecretary
Mr John KinghornTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,628
Program Service Revenue
$0
Investment Income
$829
Other Revenue
$0
Change in Net Assets
$-13,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,356
Total Fundraising Expense$1,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$5,283$2,972$1,245$9,500
Insurance$2,322$1,306$547$4,175
Fees for Services Other$2,628--$2,628
Office Expenses$918$127$8$1,053
Total Functional Expenses$11,151$4,405$1,800$17,356
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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 C, Line 19

“The organization's governing documents, financial statements & conflict of interest policy are available to the public upon written request to management.”

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

“The Organization has a Budget & Finance Committee. This committee reviews the draft 990 and the final document for accuracy and in this respect acts on behalf of the Board of Trustees. The Committee reports to the Board of Trustees.”

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

“The Conflict of Interest Policy requires periodic reviews. In addition, all potential conflicts are brought to the attention of the Board for action.”

Filing and Contact Details

Filer

Filer Name
University Heights Science and Technology
EIN
22-3191573
In Care Of
% JEANETTE BRUMMELL
Phone
9739722200
Address
65 Bergen Street, Newark, NJ 07103

Signing Officer

Name
Joel Bloom
Title
Chairman
Phone
9739722200
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Bloom
Formed
2006
Legal Domicile
Nj
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
17

Preparer

Firm
WithumSmithBrown PC
Address
1 SPRING STREET, NEW BRUNSWICK, NJ 08901
Preparer
James Mulroy
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

“Form 990 was completed in the prior year with the information best available at the time. Subsequently to filing the 2014 Form 990, there were audit adjustments made to the financial statemements resulting in a $15,002 INcrease in the change in net assets.”

Form 990 Part IX Line 11G

“Description:architects total fees:2628”

Raw XML AppendixShowing 400 of 479 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0TO SERVE AS A CATALYST FOR ECONOMIC AND COMMUNITY DEVELOPMENT BY UTILIZING THE SCIENTIFIC RESEARCH AT NEWARK'S HIGHER EDUCATION INSTITUTIONS AS A FORCE TO ATTRACT TECHNOLOGY-BASED AND OTHER ENTERPRISES TO THE UNIVERSITY HEIGHTS NEIGHBORHOOD. UHSP IS COORDINATING THE DEVELOPMENT OF THE SCIENCE PARK, A MIXED-USE NEW TECHNOLOGY PARK ENCOMPASSING A 50-ACRE SITE IN THE CENTRAL WARD OF THE CITY OF NEWARK, NEW JERSEY. THE MASTER PLAN FOR THE PARK INCLUDES 1,000,000 SQUARE FEET OF OFFICE, TECHNOLOGY, AND INCUBATOR SPACE, MIXED INCOME HOUSING, COMMUNITY FACILITIES AND SERVICES, A NEW MATH AND SCIENCE HIGH SCHOOL AND RETAIL SPACE. TO DATE, 352,000 SQUARE FEET OF OFFICE, RESEARCH AND INCUBATOR SPACE HAS BEEN COMPLETED IN SCIENCE PARK TOGETHER WITH 26 UNITS OF MODERATE-INCOME OWNER OCCUPIED HOUSING AND A 101 CHILD DAYCARE CENTER. A 40,000 SQUARE FOOT ADDITION TO THE INTERNATIONAL CENTER FOR PUBLIC HEALTH IS UNDER CONSTRUCTION. THE DIGITAL CENTURY CENTER, A 100,000 SQUARE FOOT MIXED TECHNOLOGY BUILDING IS IN PLANNING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE/ executive director
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0THE ORGANIZATION WAS ESTABLISHED TO SERVE AS A CATALYST FOR ECONOMIC AND COMMUNITY DEVELOPMENT BY UTILIZING THE SCIENTIFIC RESEARCH AT NEWARK'S HIGHER EDUCATION INSTITUTIONS AS A FORCE TO ATTRACT TECHNOLOGY-BASED AND OTHER ENTERPRISES TO THE UNIVERSITY HEIGHTS NEIGHBORHOOD. UHSP IS COORDINATING THE DEVELOPMENT OF THE SCIENCE PARK, A MIXED-USE NEW TECHNOLOGY PARK ENCOMPASSING A 50-ACRE SITE IN THE CENTRAL WARD OF THE CITY OF NEWARK, NEW JERSEY. THE MASTER PLAN FOR THE PARK INCLUDES 1,000,000 SQUARE FEET OF OFFICE, TECHNOLOGY, AND INCUBATOR SPACE, MIXED INCOME HOUSING, COMMUNITY FACILITIES AND SERVICES, A NEW MATH AND SCIENCE HIGH SCHOOL AND RETAIL SPACE. TO DATE, 352,000 SQUARE FEET OF OFFICE, RESEARCH AND INCUBATOR SPACE HAS BEEN COMPLETED IN SCIENCE PARK TOGETHER WITH 26 UNITS OF MODERATE-INCOME OWNER OCCUPIED HOUSING AND A 101 CHILD DAYCARE CENTER. THE NEW SCIENCE PARK HIGH SCHOOL OPENED IN NOVEMBER 2006. A 40,000 SQUARE FOOT ADDITION TO THE INTERNATIONAL CENTER FOR PUBLIC HEALTH IS
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IRS990/NetAssetsOrFundBalancesEOYAmt03679486
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0918
IRS990/OfficeExpensesGrp/TotalAmt01053
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IRS990/OperateHospitalInd0false
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt017146
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01613
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01679
IRS990/PrincipalOfficerNm0JOEL BLOOM
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0885
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IRS990/PYOtherExpensesAmt023064
IRS990/PYOtherRevenueAmt0-272
IRS990/PYProgramServiceRevenueAmt010128
IRS990/PYRevenuesLessExpensesAmt0-8497
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014567
IRS990/QuidProQuoContributionsInd0false
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-13899
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0885
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0950
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01533
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt019774
IRS990ScheduleA/TotalSupportAmt023971
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061389
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0160000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12779702
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROPERTY HELD FOR DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PROPERTY UNDER DEVELOPMENT
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010202
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02939702
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS & CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization has a Budget & Finance Committee. This committee reviews the draft 990 and the final document for accuracy and in this respect acts on behalf of the Board of Trustees. The Committee reports to the Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Conflict of Interest Policy requires periodic reviews. In addition, all potential conflicts are brought to the attention of the Board for action.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 was completed in the prior year with the information best available at the time. Subsequently to filing the 2014 Form 990, there were audit adjustments made to the financial statemements resulting in a $15,002 INcrease in the change in net assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:ARCHITECTS TOTAL FEES:2628
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
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IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,709,582
Liabilities
$30,096
Net assets
$3,679,486
Revenue
$3,457
Expenses
$17,356
Net income
-$13,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.59$0.04$3.55$0.00$0.06$0.06
2023Detailed filing. Detailed filing data is available for this year.$3.64$0.04$3.61$0.06$0.03$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.59$0.02$3.57$0.06$0.02$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.92$0.03$3.89$0.06$0.02$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.87$0.02$3.85$0.06$0.02$0.05
2019Detailed filing. Detailed filing data is available for this year.$3.82$0.02$3.80$0.06$0.01$0.06
2018Detailed filing. Detailed filing data is available for this year.$3.78$0.04$3.75$0.06$0.01$0.05
2017Summary only. Only limited summary data is available for this year.$3.74$0.03$3.71$0.04$0.01$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.71$0.03$3.68$0.00$0.02$0.01
2015Summary only. Only limited summary data is available for this year.$3.71$0.04$3.68$0.01$0.02$0.01
2014Detailed filing. Detailed filing data is available for this year.$3.74$0.05$3.69$0.03$0.05$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$0.05$3.74$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.59$1.20$4.39$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$1.23$4.43$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$1.16$4.62$0.40