Civic Intelligence

Biobat Inc.

990 • Fiscal year 2018 • EIN 45-3533828

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

0.00x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.07x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

13th percentile

-12%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

30th percentile

$178,181

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

36th percentile

-0.4%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets7th percentile

Assets

Down

$49,650,170

Down $215,892 (-0.4%) from 2017

Net Assets

Down

$49,491,424

Down $269,756 (-0.5%) from 2017

Liabilities

Up

$158,746

Up $53,864 (+51%) from 2017

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin13th percentile

Revenue

Up

$2,292,271

Up $476,173 (+26%) from 2017

Expenses

Down

$2,562,027

Down $111,004 (-4.2%) from 2017

Net Income

Up

-$269,756

Up $587,177 (+69%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2018

Assets$49,650,170
Liabilities$158,746
Net Assets$49,491,424
Open 2018 Filing

Operations Trend

Revenue Growth81st 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

2018

Revenue$2,292,271
Expenses$2,562,027
Net Income-$269,756
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$2,292,271
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.

Develop space for new & growing biopharm tech companies to create a 21st century working waterfront.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,886,706$40,284,985▼ $601,721
Cash and Non-Interest-Bearing Accounts$4,703,098$4,828,208▲ $125,110
Savings and Temporary Cash Investments$3,123,570$2,375,605▼ $747,965
Accounts Receivable$197,371$784,170▲ $586,799
Prepaid Expenses and Deferred Charges$328,901$298,452▼ $30,449
Total Assets$49,866,062$49,650,170▼ $215,892
Other Assets Total$626,416$1,078,750▲ $452,334
Liabilities
Accounts Payable and Accrued Expenses$93,651$84,258▼ $9,393
Other Liabilities$11,231$74,488▲ $63,257
Total Liabilities$104,882$158,746▲ $53,864
Net Assets / Fund Balance
Unrestricted Net Assets$49,761,180$49,491,424▼ $269,756
Total Net Assets Fund Balance$49,761,180$49,491,424▼ $269,756
Total Liabilities and Net Assets / Fund Balance$49,866,062$49,650,170▼ $215,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$39,291,037$4,480,160$43,771,197
Leasehold Improvements$548,357$15,554$563,911
Other Land Buildings$412,805$62,274$475,079
Equipment$32,786$1,572$34,358
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen OttoExecutive DirectorFT$165,000$13,181$178,181

Board Members and Trustees

NameTitle
Matt KwatinetzChair
Eva B Cramer PhdPresident
Dr Wayne J RileyVice Chair
Amit GolderDirector
Christina DeroseDirector
Doug ThiedeDirector
Dr James DiasDirector
Dr Prem PremsrirutDirector
Joan BartolomeoDirector
Matthew MrozDirector
John HongSecretary
Craig P CampbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$742,094
Program Service Revenue
$1,550,101
Investment Income
$76
Other Revenue
$0
All Other Contributions
$2,129
Change in Net Assets
$-269,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,292,271
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,318,000
Total Revenue per Audited Statements
$8,610,271
Total Revenue per Form 990
$2,292,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,288,290
Salaries, Compensation, and Employee Benefits$273,737
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
Occupancy$230,351$29,207-$259,558
Current Officers, Directors, Trustees, and Key Employees$58,543$175,630-$234,173
Insurance$134,427$89-$134,516
Fees for Services Other$50,439--$50,439
Other Salaries and Wages$603$38,961-$39,564
Fees for Services Accounting$3,800$27,628-$31,428
Office Expenses$11,636$1,131-$12,767
Other Expenses$5,272$22,812-$5,272
Information Technology$3,764$418-$4,182
Advertising$2,615--$2,615
Travel$1,390--$1,390
Conferences and Meetings$704--$704
Total Functional Expenses$2,266,151$295,876$0$2,562,027

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,880,027
Expenses Not Reported on Form 990$6,318,000
Expenses per Audited Statements$2,562,027
Total Expenses per Form 990$2,562,027
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$74,488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 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 11B

“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

“The governing documents, conflict of interest policy and financial statements 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 P Campbell
Title
Treasurer
Phone
7188047835
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eva Cramer
Formed
2010
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
2
Volunteers
2

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
1650 MARKET STREET SUITE 4500, PHILADELPHIA, PA 19103-7341
Preparer
Julius C Green CPA
Phone
2159720701
Supplemental Narrative

Additional Explanations

Part V, Line 2A

“The executive director is compensated from the research foundation of the state university of new york.”

SCHEDULE O, PART XII, LINE 2B:

“At time of filing the form 990, the financial statement audit for biobat had not been completed. Management is working through several issues before the audit can be completed. Management has provided information that they believe to result in a substantially complete and accurate form 990. To the extent any material changes are made for this fiscal year subsequent to filing this form 990, management will seek to amend this return.”

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.”

Raw XML AppendixShowing 400 of 509 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt093651
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt084258
IRS990/AccountsReceivableGrp/BOYAmt0197371
IRS990/AccountsReceivableGrp/EOYAmt0784170
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DEVELOP SPACE FOR NEW & GROWING BIOPHARM TECH COMPANIES TO CREATE A 21ST CENTURY WORKING WATERFRONT.
IRS990/AdvertisingGrp/ProgramServicesAmt02615
IRS990/AdvertisingGrp/TotalAmt02615
IRS990/AllOtherContributionsAmt02129
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KATHLEEN OTTO
IRS990/BooksInCareOfDetail/PhoneNum03477991477
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0450 CLARKSON AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011203
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04703098
IRS990/CashNonInterestBearingGrp/EOYAmt04828208
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0175630
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt058543
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0234173
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0704
IRS990/ConferencesMeetingsGrp/TotalAmt0704
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0742094
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt076
IRS990/CYOtherExpensesAmt02288290
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01550101
IRS990/CYRevenuesLessExpensesAmt0-269756
IRS990/CYSalariesCompEmpBnftPaidAmt0273737
IRS990/CYTotalExpensesAmt02562027
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02292271
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01148410
IRS990/DepreciationDepletionGrp/TotalAmt01148410
IRS990/Desc0BIOBAT HOLDS A LEASE INTEREST IN A PORTION OF THE BROOKLYN ARMY TERMINAL AND IS COMMITTED TO CREATING A 21ST CENTURY WORKING WATERFRONT. THUS FAR GOVERNMENT FUNDING HAS ALLOWED BIOBAT TO ACQUIRE, MAINTAIN AND DEVELOP THIS LEASEHOLD INTEREST, AS WELL AS DEVELOP SPACE FOR INNOVATIVE COMPANIES TO APPLY FOR OCCUPANCY AND ENTER INTO LEASES FOR SPACE. BY PROVIDING THESE FACILITIES AND RELATED SUPPORT FOR THE APPLICATION, EXPANSION AND COMMERCIALIZATION OF BIOTECHNOLOGY, LIFE SCIENCES, AND HARD SCIENCES RESEARCH AT THE BROOKLYN ARMY TERMINAL, BIOBAT FULFILLS ITS MISSION. THE DEVELOPMENT OF THE SPACE AT BIOBAT IS BEING DONE IN PHASES. PHASE I IS COMPLETE AND FULLY OCCUPIED. PHASE II IS IN DEVELOPMENT, WITH ONE CURRENT TENANT AND 60,000 SQUARE FEET OF SPACE READY FOR DEVELOPMENT. BIOBAT IS IN NEGOTIATIONS WITH SEVERAL POTENTIAL TENANTS TO LEASE THE REMAINDER OF THE SPACE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02266151
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt027628
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt03800
IRS990/FeesForServicesAccountingGrp/TotalAmt031428
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt050439
IRS990/FeesForServicesOtherGrp/TotalAmt050439
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1245.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1213181
IRS990/Form990PartVIISectionAGrp/PersonNm0EVA B CRAMER PHD
IRS990/Form990PartVIISectionAGrp/PersonNm1MATT KWATINETZ
IRS990/Form990PartVIISectionAGrp/PersonNm2DR WAYNE J RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN HONG
IRS990/Form990PartVIISectionAGrp/PersonNm4CRAIG P CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm5JOAN BARTOLOMEO
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRISTINA DEROSE
IRS990/Form990PartVIISectionAGrp/PersonNm7DR JAMES DIAS
IRS990/Form990PartVIISectionAGrp/PersonNm8AMIT GOLDER
IRS990/Form990PartVIISectionAGrp/PersonNm9MATTHEW MROZ
IRS990/Form990PartVIISectionAGrp/PersonNm10DR PREM PREMSRIRUT
IRS990/Form990PartVIISectionAGrp/PersonNm11DOUG THIEDE
IRS990/Form990PartVIISectionAGrp/PersonNm12KATHLEEN OTTO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12165000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0739965
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02292271
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0418
IRS990/InformationTechnologyGrp/ProgramServicesAmt03764
IRS990/InformationTechnologyGrp/TotalAmt04182
IRS990/InsuranceGrp/ManagementAndGeneralAmt089
IRS990/InsuranceGrp/ProgramServicesAmt0134427
IRS990/InsuranceGrp/TotalAmt0134516
IRS990/InvestmentIncomeGrp/ExclusionAmt076
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt076
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04559560
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040886706
IRS990/LandBldgEquipBasisNetGrp/EOYAmt040284985
IRS990/LandBldgEquipCostOrOtherBssAmt044844545
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/NetAssetsOrFundBalancesBOYAmt049761180
IRS990/NetAssetsOrFundBalancesEOYAmt049491424
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt029207
IRS990/OccupancyGrp/ProgramServicesAmt0230351
IRS990/OccupancyGrp/TotalAmt0259558
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01131
IRS990/OfficeExpensesGrp/ProgramServicesAmt011636
IRS990/OfficeExpensesGrp/TotalAmt012767
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0626416
IRS990/OtherAssetsTotalGrp/EOYAmt01078750
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COMMON AREA MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENCE
IRS990/OtherExpensesGrp/Desc2COMMISSION EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022812
IRS990/OtherExpensesGrp/ProgramServicesAmt0408889
IRS990/OtherExpensesGrp/ProgramServicesAmt1205308
IRS990/OtherExpensesGrp/ProgramServicesAmt25272
IRS990/OtherExpensesGrp/TotalAmt0408889
IRS990/OtherExpensesGrp/TotalAmt1228120
IRS990/OtherExpensesGrp/TotalAmt25272
IRS990/OtherLiabilitiesGrp/BOYAmt011231
IRS990/OtherLiabilitiesGrp/EOYAmt074488
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038961
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0603
IRS990/OtherSalariesAndWagesGrp/TotalAmt039564
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0328901
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0298452
IRS990/PrincipalOfficerNm0EVA CRAMER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01550101
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01550101
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02388518
IRS990/PYOtherRevenueAmt0271546
IRS990/PYProgramServiceRevenueAmt01544552
IRS990/PYRevenuesLessExpensesAmt0-856933
IRS990/PYSalariesCompEmpBnftPaidAmt0284513
IRS990/PYTotalExpensesAmt02673031
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01816098
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-269756
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01550101
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03123570
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02375605
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2015 AMOUNT: $ 20,918. REIMBURSED EXPENSES - 2016 AMOUNT: $ 271,546.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0742094
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0742094
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt081
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01550101
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01544552
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01206728
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt026331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04327712
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt081
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0271546
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt020918
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0292464
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94540
IRS990ScheduleA/PublicSupportPY509Pct00.90230
IRS990ScheduleA/PublicSupportTotal509Amt05069806
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02292195
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01544552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01206728
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt026331
IRS990ScheduleA/Total509Grp/TotalAmt05069806
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02292271
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01816098
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01227646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt026336
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05362351
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt039291037
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04480160
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt043771197
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt06318000
IRS990ScheduleD/DonatedServicesUseFcltsAmt06318000
IRS990ScheduleD/EquipmentGrp/BookValueAmt032786
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01572
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034358
IRS990ScheduleD/ExpensesNotReportedAmt06318000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02562027
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0548357
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt015554
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0563911
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0412805
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062274
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0475079
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt06318000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02292271
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/TotalBookValueLandBuildingsAmt040284985
IRS990ScheduleD/TotalExpensesPerForm990Amt02562027
IRS990ScheduleD/TotalLiabilityAmt074488
IRS990ScheduleD/TotalRevenuePerForm990Amt02292271
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08610271
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08880027
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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/DeferredCompensationFlngOrgAmt013181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,650,170
Liabilities
$158,746
Net assets
$49,491,424
Revenue
$2,292,271
Expenses
$2,562,027
Net income
-$269,756
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