Civic Intelligence

University Heights Science and Technology Park Inc.

990 • Fiscal year 2020 • EIN 22-3191573

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileN/A
Fenster Hall Room 577Newark, NJ 07102

(973) 972-2200

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.33x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

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

2020 filings • NTEE S • $1M-$5M nonprofits • Source year 2020

Asset Growth

38th percentile

1.3%

Faster asset growth than 38% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

-0.2%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,870,377

Up $48,861 (+1.3%) from 2019

Net Assets

Up

$3,850,219

Up $46,610 (+1.2%) from 2019

Liabilities

Up

$20,158

Up $2,251 (+13%) from 2019

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin95th percentile

Revenue

Down

$61,714

Down $124 (-0.2%) from 2019

Expenses

Up

$15,104

Up $9,420 (+166%) from 2019

Net Income

Down

$46,610

Down $9,544 (-17%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2020

Assets$3,870,377
Liabilities$20,158
Net Assets$3,850,219
Open 2020 Filing

Operations Trend

Revenue Growth54th 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

2020

Revenue$61,714
Expenses$15,104
Net Income$46,610
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.1
Gross Receipts
$61,714
Mission and Program Overview

Mission

ATTACHMENT 1

To serve as a catalyst for economic and scientific research at newark's higher institutions to attract new enterprises to the university heights neighborhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$455,008$455,944▲ $936
Cash and Non-Interest-Bearing Accounts$302,956$442,521▲ $139,565
Accounts Receivable$122,175$30,375▼ $91,800
Prepaid Expenses and Deferred Charges$1,675$1,835▲ $160
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Land, Buildings, and Equipment, Net$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$3,821,516$3,870,377▲ $48,861
Other Assets Total$2,939,702$2,939,702→ $0
Liabilities
Deferred Revenue$15,846$15,846→ $0
Accounts Payable and Accrued Expenses$2,061$4,312▲ $2,251
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$17,907$20,158▲ $2,251
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,803,609$3,850,219▲ $46,610
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$3,803,609$3,850,219▲ $46,610
Total Liabilities and Net Assets / Fund Balance$3,821,516$3,870,377▲ $48,861

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$160,000--
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
DR Joel BloomChairman - Trustee
Chip HallockPresident and CEO - TRUSTEE
John KinghornTreasurer - Trustee
Angela G GarretsonTrustee
Baye Adolf-WilsonTrustee
DR Brian L StromTrustee
Dr Anthony MonroeTrustee
Dr Nancy CantorTrustee
HONORABLE DONALD M PAYNE JrTrustee
Jeanette F BrummellTrustee
Kevin MaynorTrustee
Linda Mcdonald Carter EsqTrustee
Marcia BrownTrustee
Robert C Holmes EsqDirTrustee
Vicente PerezTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$28
Program Service Revenue
$60,750
Investment Income
$936
Other Revenue
$0
Change in Net Assets
$46,610

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,714
Total Revenue per Audited Statements
$61,714
Total Revenue per Form 990
$61,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,104
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
Fees for Services Accounting-$11,203-$11,203
Insurance-$3,550-$3,550
Fees for Services Other$320--$320
Office Expenses-$31-$31
Total Functional Expenses$320$14,784$0$15,104

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,104
Total Expenses per Audited Statements$15,104
Total Expenses per Form 990$15,104
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Filing and Contact Details

Filer

Filer Name
University Heights Science and Technology
EIN
22-3191573
In Care Of
% JEANETTE BRUMMELL EXEC DIRE
Phone
9739722200
Address
Fenster Hall Room 577, Newark, NJ 07102

Signing Officer

Name
Dr Joel Bloom
Title
Chairman
Phone
9739722200
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
James Mulroy
Phone
7328281614
Supplemental Narrative

Additional Explanations

Schedule O, Supplemental Information

“Form 990, part vi, section b, line 11b the organization has a bdget and finance committee. This committee reviews the draft 990 and the final document for accruacy 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 interestpolicy requires periodic review. In addition, all potential conflicts are brought to the attention of the board for action. 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.”

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

“The Organization is an exempt entity under Section 501(c)(3) of the U.S. Internal Revenue Code. The Organization FOLLOWS the accounting pronouncement dealing with uncertain tax positions. Furthermore, the Organization had no unrecognized tax benefits at June 30, 2020 AND 2019 and has no open years subject to examination prior to June 30, 2015. In addition the Organization has no income tax related penalties or interest for the periods reported IN THE FINANCIAL STATEMENTS.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President and CEO - TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER - TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN - TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
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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/NondeductibleContributionsInd0false
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/PoliticalCampaignActyInd0false
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IRS990/PrincipalOfficerNm0DR JOEL BLOOM
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IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt060750
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt056154
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IRS990/QuidProQuoContributionsInd0false
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05204
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02628
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09240
IRS990ScheduleA/TotalSupportAmt013772
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IRS990ScheduleD/ExpensesSubtotalAmt015104
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1160000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PROPERTY UNDER DEVELOPMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PROPERTY HELD FOR DEVELOPMENT
IRS990ScheduleD/RevenueSubtotalAmt061714
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is an exempt entity under Section 501(c)(3) of the U.S. Internal Revenue Code. The Organization FOLLOWS the accounting pronouncement dealing with uncertain tax positions. Furthermore, the Organization had no unrecognized tax benefits at June 30, 2020 AND 2019 and has no open years subject to examination prior to June 30, 2015. In addition the Organization has no income tax related penalties or interest for the periods reported IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02939702

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,870,377
Liabilities
$20,158
Net assets
$3,850,219
Revenue
$61,714
Expenses
$15,104
Net income
$46,610
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