Civic Intelligence

Biobat Inc.

990 • Fiscal year 2016 • EIN 45-3533828

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

Organization Profilen/a
450 clarkson avenuebrooklyn, NY 11203

(718) 804-7835

Siviq Scores

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

Liabilities / Assets

7th percentile

0.01x

Higher debt load relative to assets than 7% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.28x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

3rd percentile

-106%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

16th percentile

$175,000

Higher top officer pay than 16% of similar nonprofits.

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

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

29th percentile

-2.1%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

4561%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$50,460,202

Down $1,067,236 (-2.1%) from 2015

Net Assets

Down

$50,111,670

Down $1,302,119 (-2.5%) from 2015

Liabilities

Up

$348,532

Up $234,883 (+207%) from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin3rd percentile

Revenue

Up

$1,227,646

Up $1,201,310 (+4561%) from 2015

Expenses

Up

$2,529,765

Up $2,468,266 (+4014%) from 2015

Net Income

Down

-$1,302,119

Down $1,266,956 (-3603%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$60M$40M$20M$0Assets 2015: $51,527,438Liabilities 2015: $113,649Net Assets 2015: $51,413,7892015Assets 2016: $50,460,202Liabilities 2016: $348,532Net Assets 2016: $50,111,6702016Assets 2017: $49,866,062Liabilities 2017: $104,882Net Assets 2017: $49,761,1802017Assets 2018: $49,650,170Liabilities 2018: $158,746Net Assets 2018: $49,491,4242018Assets 2019: $47,760,979Liabilities 2019: $317,219Net Assets 2019: $47,443,7602019Assets 2020: $26,658,147Liabilities 2020: $325,360Net Assets 2020: $26,332,7872020Assets 2021: $27,575,878Liabilities 2021: $449,861Net Assets 2021: $27,126,0172021Assets 2022: $28,285,839Liabilities 2022: $637,349Net Assets 2022: $27,648,4902022Assets 2023: $27,576,453Liabilities 2023: $882,167Net Assets 2023: $26,694,2862023Assets 2024: $26,153,116Liabilities 2024: $420,058Net Assets 2024: $25,733,0582024

Highlighted filing

2016

Assets$50,460,202
Liabilities$348,532
Net Assets$50,111,670
Open 2016 Filing

Operations Trend

Revenue Growth100th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $26,336Expenses 2015: $61,499Net Income 2015: -$35,1632015Revenue 2016: $1,227,646Expenses 2016: $2,529,765Net Income 2016: -$1,302,1192016Revenue 2017: $1,816,098Expenses 2017: $2,673,031Net Income 2017: -$856,9332017Revenue 2018: $2,292,271Expenses 2018: $2,562,027Net Income 2018: -$269,7562018Revenue 2019: $2,307,303Expenses 2019: $3,056,364Net Income 2019: -$749,0612019Revenue 2020: $3,543,927Expenses 2020: $2,827,638Net Income 2020: $716,2892020Revenue 2021: $3,841,164Expenses 2021: $3,047,934Net Income 2021: $793,2302021Revenue 2022: $3,125,444Expenses 2022: $2,602,971Net Income 2022: $522,4732022Revenue 2023: $3,340,515Expenses 2023: $4,007,602Net Income 2023: -$667,0872023Revenue 2024: $3,492,118Expenses 2024: $4,273,424Net Income 2024: -$781,3062024

Highlighted filing

2016

Revenue$1,227,646
Expenses$2,529,765
Net Income-$1,302,119
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 1, 2017
Return Version
2015v3.0
Gross Receipts
$1,227,646
Mission and Program Overview

Mission

The Corporation was formed to attract, encourage, develop, improve and assist the life science and technology industries and public and private R&D institutions in New York State by developing affordable biotechnology/science research (wet/dry lab) and manufacturing space in New York City. Approximately 486,000 square feet of space at the southern end of Building A in the Brooklyn Army Terminal is being developed for a science and technology community of tenants. At this time all of the developed Phase I space is occupied.

to acquire & develop a leasehold interest in the brooklyn army terminal premises, hold the title, and remit all income from the premises to shareholders once development is complete.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,565,054$41,912,031▼ $653,023
Savings and Temporary Cash Investments$4,290,013$4,011,060▼ $278,953
Cash and Non-Interest-Bearing Accounts$3,928,614$3,303,367▼ $625,247
Prepaid Expenses and Deferred Charges$359,124$331,229▼ $27,895
Accounts Receivable-$46,497-
Total Assets$51,527,438$50,460,202▼ $1,067,236
Other Assets Total$384,633$856,018▲ $471,385
Liabilities
Accounts Payable and Accrued Expenses$86,938$315,596▲ $228,658
Deferred Revenue$15,480$21,705▲ $6,225
Other Liabilities$11,231$11,231→ $0
Total Liabilities$113,649$348,532▲ $234,883
Net Assets / Fund Balance
Unrestricted Net Assets$51,413,789$50,111,670▼ $1,302,119
Total Net Assets Fund Balance$51,413,789$50,111,670▼ $1,302,119
Total Liabilities and Net Assets / Fund Balance$51,527,438$50,460,202▼ $1,067,236

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,441,475$2,240,080$43,681,555
Other Land Buildings$270,389$20,845$291,234
Leasehold Improvements$197,021$5,185$202,206
Equipment$3,146$524$3,670
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleBaseOtherTotal
kathleen ottoexecutive director$165,000$10,000$175,000

Board Members and Trustees

NameTitle
Dr John Williamschair
carolee finkvice chair as of 10/1/15
dr andre fentondirector
dr james Diasdirector
joan bartolomeodirector
mabel bernsteindirector
matthew mrozdirector
Eric Gertlerdirector to 7/8/15
rob sommersecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Eagle Interiors Incconstruction and cleaning85 Toledo Street, Farmingdale, NY 11735$158,833
Colliers International Holding CoReal Estate Services1300 Interpace PKWYBLDN C FL3, Parsippany, NJ 07054$135,489
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,206,728
Investment Income
$0
Other Revenue
$20,918
Change in Net Assets
$-1,302,119

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,227,646
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,318,000
Total Revenue per Audited Statements
$7,545,646
Total Revenue per Form 990
$1,227,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,276,375
Salaries, Compensation, and Employee Benefits$253,390
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,148,410--$1,148,410
Other Salaries and Wages$43,750$132,640-$176,390
Insurance$133,511$70-$133,581
Occupancy$131,255--$131,255
Other Employee Benefits$19,250$57,750-$77,000
Fees for Services Accounting$30,200$35,075-$65,275
Office Expenses$6,886$697-$7,583
Fees for Services Other$5,630--$5,630
Conferences and Meetings$3,659--$3,659
Other Expenses$3,580$940-$3,580
Information Technology$1,717$191-$1,908
Advertising$1,519--$1,519
Travel$370--$370
Total Functional Expenses$2,302,402$227,363$0$2,529,765

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,847,765
Expenses Not Reported on Form 990$6,318,000
Expenses per Audited Statements$2,529,765
Total Expenses per Form 990$2,529,765
Expenses Not Reported on Financial Statements$0
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
tenant deposits$11,231
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
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 A, line 2

“Biobat is charged with maintaining and developing 486,000 sq ft of the brooklyn army terminal for life science tenants. The building is owned by the city of new york and managed by the nycedc. The nycedc is effectively 1/2 of our board of directors so in fact we are doing business with them as they are helping us maintain the building and they are sponsoring repairs that we reimburse them for at the end of the fiscal year. We are becoming more and more independent and at some point we will not need to use nycedc maintenance and repair services. However, right now we do since we do not have the building superintendent hired yet.”

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

“In accordance with the bylaws of the organization, the board of directors shall be appointed by the corporate members. Four of the directors shall be named by the research foundation of the state university of new york, four shall be named by the new york city economic development corporation and two shall be elected jointly by the members.”

Form 990, Part VI, Section B, line 11

“The 990 is made available to the board and 990 is reviewed by the audit committee.”

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

“Each trustee, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the Conflicts of Interest Policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the Corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the Corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted by the audit committee.”

Form 990, Part VI, Section C, line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Biobat inc
EIN
45-3533828
Phone
7188047835
Address
450 clarkson avenue, brooklyn, NY 11203

Signing Officer

Name
Craig Campbell
Title
Treasurer
Phone
7188047835
Signed
2017-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
eva cramer
Formed
2010
Legal Domicile
Ny
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
4

Preparer

Firm
Baker Tilly Virchow Krause LLP
Address
125 Baylis Road Suite 300, Melville, NY 11747
Preparer
Gordon Siess CPA
Phone
6317527400
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Management has evaluated the Corporation's tax positions and concluded that the Corporation has not taken any uncertain tax positions that require adjustment to the financial statements to comply with the provisions of ASC 740.”

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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/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Corporation was formed to attract, encourage, develop, improve and assist the life science and technology industries and public and private R&D institutions in New York State by developing affordable biotechnology/science research (wet/dry lab) and manufacturing space in New York City. Approximately 486,000 square feet of space at the southern end of Building A in the Brooklyn Army Terminal is being developed for a science and technology community of tenants. At this time all of the developed Phase I space is occupied.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt051413789
IRS990/NetAssetsOrFundBalancesEOYAmt050111670
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0131255
IRS990/OccupancyGrp/TotalAmt0131255
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0697
IRS990/OfficeExpensesGrp/ProgramServicesAmt06886
IRS990/OfficeExpensesGrp/TotalAmt07583
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0384633
IRS990/OtherAssetsTotalGrp/EOYAmt0856018
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057750
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019250
IRS990/OtherEmployeeBenefitsGrp/TotalAmt077000
IRS990/OtherExpensesGrp/Desc0common area maintenance
IRS990/OtherExpensesGrp/Desc1repairs and maintence
IRS990/OtherExpensesGrp/Desc2commission fees
IRS990/OtherExpensesGrp/Desc3agency fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0940
IRS990/OtherExpensesGrp/ProgramServicesAmt0386489
IRS990/OtherExpensesGrp/ProgramServicesAmt1250687
IRS990/OtherExpensesGrp/ProgramServicesAmt2135489
IRS990/OtherExpensesGrp/ProgramServicesAmt33580
IRS990/OtherExpensesGrp/TotalAmt0386489
IRS990/OtherExpensesGrp/TotalAmt1251627
IRS990/OtherExpensesGrp/TotalAmt2135489
IRS990/OtherExpensesGrp/TotalAmt33580
IRS990/OtherLiabilitiesGrp/BOYAmt011231
IRS990/OtherLiabilitiesGrp/EOYAmt011231
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0other revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020918
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020918
IRS990/OtherRevenueTotalAmt020918
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0132640
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt043750
IRS990/OtherSalariesAndWagesGrp/TotalAmt0176390
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0359124
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0331229
IRS990/PrincipalOfficerNm0eva cramer
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01206728
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01206728
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt058392
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt026331
IRS990/PYRevenuesLessExpensesAmt0-35163
IRS990/PYSalariesCompEmpBnftPaidAmt03107
IRS990/PYTotalExpensesAmt061499
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt026336
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1302119
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01206728
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04290013
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04011060
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income - 2015 Amount: $ 20,918.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01206728
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt026331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01233059
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt020918
IRS990ScheduleA/OtherIncome509Grp/TotalAmt020918
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98330
IRS990ScheduleA/PublicSupportTotal509Amt01233059
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01206728
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt026331
IRS990ScheduleA/Total509Grp/TotalAmt01233059
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01227646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt026336
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01253982
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt041441475
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02240080
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt043681555
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt06318000
IRS990ScheduleD/DonatedServicesUseFcltsAmt06318000
IRS990ScheduleD/EquipmentGrp/BookValueAmt03146
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0524
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03670
IRS990ScheduleD/ExpensesNotReportedAmt06318000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02529765
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0197021
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05185
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0202206
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0270389
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020845
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0291234
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011231
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0tenant deposits
IRS990ScheduleD/RevenueNotReportedAmt06318000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01227646
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management has evaluated the Corporation's tax positions and concluded that the Corporation has not taken any uncertain tax positions that require adjustment to the financial statements to comply with the provisions of ASC 740.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041912031
IRS990ScheduleD/TotalExpensesPerForm990Amt02529765
IRS990ScheduleD/TotalLiabilityAmt011231
IRS990ScheduleD/TotalRevenuePerForm990Amt01227646
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07545646
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08847765
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt010000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0kathleen otto
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0executive director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BIOBAT IS CHARGED WITH MAINTAINING AND DEVELOPING 486,000 SQ FT OF THE BROOKLYN ARMY TERMINAL FOR LIFE SCIENCE TENANTS. THE BUILDING IS OWNED BY THE CITY OF NEW YORK AND MANAGED BY THE NYCEDC. THE NYCEDC IS EFFECTIVELY 1/2 OF OUR BOARD OF DIRECTORS SO IN FACT WE ARE DOING BUSINESS WITH THEM AS THEY ARE HELPING US MAINTAIN THE BUILDING AND THEY ARE SPONSORING REPAIRS THAT WE REIMBURSE THEM FOR AT THE END OF THE FISCAL YEAR. WE ARE BECOMING MORE AND MORE INDEPENDENT AND AT SOME POINT WE WILL NOT NEED TO USE NYCEDC MAINTENANCE AND REPAIR SERVICES. HOWEVER, RIGHT NOW WE DO SINCE WE DO NOT HAVE THE BUILDING SUPERINTENDENT HIRED YET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ACCORDANCE WITH THE BYLAWS OF THE ORGANIZATION, THE BOARD OF DIRECTORS SHALL BE APPOINTED BY THE CORPORATE MEMBERS. FOUR OF THE DIRECTORS SHALL BE NAMED BY THE RESEARCH FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK, FOUR SHALL BE NAMED BY THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION AND TWO SHALL BE ELECTED JOINTLY BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS MADE AVAILABLE TO THE BOARD AND 990 IS REVIEWED BY THE AUDIT COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each trustee, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the Conflicts of Interest Policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the Corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the Corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted by the audit committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4These documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$50,460,202
Liabilities
$348,532
Net assets
$50,111,670
Revenue
$1,227,646
Expenses
$2,529,765
Net income
-$1,302,119
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.2$0.42$25.7$3.49$4.27$0.78
2023Detailed filing. Detailed filing data is available for this year.$27.6$0.88$26.7$3.34$4.01$0.67
2022Detailed filing. Detailed filing data is available for this year.$28.3$0.64$27.6$3.13$2.60$0.52
2021Detailed filing. Detailed filing data is available for this year.$27.6$0.45$27.1$3.84$3.05$0.79
2020Detailed filing. Detailed filing data is available for this year.$26.7$0.33$26.3$3.54$2.83$0.72
2019Detailed filing. Detailed filing data is available for this year.$47.8$0.32$47.4$2.31$3.06$0.75
2018Detailed filing. Detailed filing data is available for this year.$49.7$0.16$49.5$2.29$2.56$0.27
2017Detailed filing. Detailed filing data is available for this year.$49.9$0.10$49.8$1.82$2.67$0.86
2016Detailed filing. Detailed filing data is available for this year.$50.5$0.35$50.1$1.23$2.53$1.30
2015Summary only. Only limited summary data is available for this year.$51.5$0.11$51.4$0.03$0.06$0.04