Civic Intelligence

Bioadvance

EIN 46-0481876 • 501(c)3 • Radnor, PA

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Profile

THE BIOTECHNOLOGY GREENHOUSE OF SOUTHEASTERN PENNSYLVANIA WAS ESTABLISHED WITH FUNDS FROM THE COMMONWEALTH OF PENNSYLVANIA'S SHARE OF THE NATIONAL TOBACCO SETTLEMENT TO ACCELERATE GROWTH OF THE LIFE SCIENCES INDUSTRY BY TRANSFORMING THE SOUTHEAST PENNSYLVANIA REGION'S STRENGTH IN BIOMEDICAL RESEARCH AND DEVELOPMENT INTO COMMERCIAL OPPORTUNITIES. APPROXIMATELY $25 MILLION OF THE ORIGINAL GOVERNMENT GRANT FUNDING HAS BEEN DEDICATED FOR PRE-SEED OR "GAP" FUNDING FOR PROMISING THERAPEUTIC, BIOMEDICAL DEVICE AND RELATED TECHNOLOGY COMPANIES, IN A PROGRAM CALLED THE GREENHOUSE FUND. THE GREENHOUSE FUND IS DESIGNED TO MOVE PROMISING SCIENTIFIC PROJECTS OUT OF THE LABORATORY AND INTO COMMERCIAL OPPORTUNITIES. ADDITIONAL FUNDS WERE SET ASIDE FOR INITIATIVES TO INCREASE THE REGION'S STRENGTHS IN BIOMEDICAL INFORMATICS AND CLINICAL TRIALS.

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170 N Radnor-chester Road 350Radnor, PA 19087

www.bioadvance.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.04x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.47x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$405,243

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

23rd percentile

-1.0%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

349%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$81,948,557

Up $8,843,640 (+12%) from 2022

Liabilities

Up

$4,605,680

Up $4,304,114 (+1427%) from 2022

Net Assets

Up

$77,342,877

Up $4,539,526 (+6.2%) from 2022

Operations
Liabilities / Revenue59th percentileNet Margin93rd percentile

Revenue

Down

$1,586,292

Down $937,294 (-37%) from 2022

Expenses

Up

$2,508,519

Up $229,998 (+10%) from 2022

Net Income

Down

-$922,227

Down $1,167,292 (-476%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth23rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $27,741,940Liabilities 2010: $477,969Net Assets 2010: $27,263,9712010Assets 2011: $27,011,673Liabilities 2011: $364,805Net Assets 2011: $26,646,8682011Assets 2012: $25,630,285Liabilities 2012: $540,305Net Assets 2012: $25,089,9802012Assets 2013: $26,647,958Liabilities 2013: $322,982Net Assets 2013: $26,324,9762013Assets 2014: $31,553,912Liabilities 2014: $465,297Net Assets 2014: $31,088,6152014Assets 2015: $28,978,459Liabilities 2015: $276,446Net Assets 2015: $28,702,0132015Assets 2016: $61,373,001Liabilities 2016: $614,234Net Assets 2016: $60,758,7672016Assets 2017: $60,962,570Liabilities 2017: $608,169Net Assets 2017: $60,354,4012017Assets 2018: $60,326,743Liabilities 2018: $637,973Net Assets 2018: $59,688,7702018Assets 2019: $66,045,472Liabilities 2019: $611,198Net Assets 2019: $65,434,2742019Assets 2020: $78,551,910Liabilities 2020: $650,521Net Assets 2020: $77,901,3892020Assets 2021: $80,190,811Liabilities 2021: $424,660Net Assets 2021: $79,766,1512021Assets 2022: $73,104,917Liabilities 2022: $301,566Net Assets 2022: $72,803,3512022Assets 2023: $81,948,557Liabilities 2023: $4,605,680Net Assets 2023: $77,342,8772023

Highlighted filing

2023

Assets$81,948,557
Liabilities$4,605,680
Net Assets$77,342,877
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $2,263,8742010Revenue 2011: $1,054,718Expenses 2011: $2,129,907Net Income 2011: -$1,075,1892011Expenses 2012: $2,039,6442012Expenses 2013: $2,040,1512013Revenue 2014: $5,921,552Expenses 2014: $1,989,408Net Income 2014: $3,932,1442014Revenue 2015: $1,845,392Expenses 2015: $1,954,957Net Income 2015: -$109,5652015Revenue 2016: $36,568,950Expenses 2016: $1,997,694Net Income 2016: $34,571,2562016Revenue 2017: $2,547,864Expenses 2017: $2,048,992Net Income 2017: $498,8722017Revenue 2018: $2,635,201Expenses 2018: $2,254,734Net Income 2018: $380,4672018Revenue 2019: $2,558,906Expenses 2019: $2,427,191Net Income 2019: $131,7152019Revenue 2020: $12,959,074Expenses 2020: $2,328,525Net Income 2020: $10,630,5492020Revenue 2021: $2,931,752Expenses 2021: $2,412,456Net Income 2021: $519,2962021Revenue 2022: $2,523,586Expenses 2022: $2,278,521Net Income 2022: $245,0652022Revenue 2023: $1,586,292Expenses 2023: $2,508,519Net Income 2023: -$922,2272023

Highlighted filing

2023

Revenue$1,586,292
Expenses$2,508,519
Net Income-$922,227
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$81,948,557
Liabilities
$4,605,680
Net assets
$77,342,877
Revenue
$1,586,292
Expenses
$2,508,519
Net income
-$922,227
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$81.9$4.61$77.3$1.59$2.51$0.92
2022Summary only. Only limited summary data is available for this year.$73.1$0.30$72.8$2.52$2.28$0.25
2021Summary only. Only limited summary data is available for this year.$80.2$0.42$79.8$2.93$2.41$0.52
2020Summary only. Only limited summary data is available for this year.$78.6$0.65$77.9$13.0$2.33$10.6
2019Summary only. Only limited summary data is available for this year.$66.0$0.61$65.4$2.56$2.43$0.13
2018Summary only. Only limited summary data is available for this year.$60.3$0.64$59.7$2.64$2.25$0.38
2017Summary only. Only limited summary data is available for this year.$61.0$0.61$60.4$2.55$2.05$0.50
2016Summary only. Only limited summary data is available for this year.$61.4$0.61$60.8$36.6$2.00$34.6
2015Summary only. Only limited summary data is available for this year.$29.0$0.28$28.7$1.85$1.95$0.11
2014Summary only. Only limited summary data is available for this year.$31.6$0.47$31.1$5.92$1.99$3.93
2013Summary only. Only limited summary data is available for this year.$26.6$0.32$26.3$2.04
2012Summary only. Only limited summary data is available for this year.$25.6$0.54$25.1$2.04
2011Summary only. Only limited summary data is available for this year.$27.0$0.36$26.6$1.05$2.13$1.08
2010Summary only. Only limited summary data is available for this year.$27.7$0.48$27.3$2.26
Latest Filing Detail
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Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Mission and Program Overview

Mission

The biotechnology greenhouse of southeastern pennsylvania was established with funds from the commonwealth of pennsylvania's share of the national tobacco settlement to accelerate growth of the life sciences industry by transforming the southeast pennsylvania region's strength in biomedical research and development into commercial opportunities. Approximately $25 million of the original government grant funding has been dedicated for pre-seed or "gap" funding for promising therapeutic, biomedical device and related technology companies, in a program called the greenhouse fund. The greenhouse fund is designed to move promising scientific projects out of the laboratory and into commercial opportunities. Additional funds were set aside for initiatives to increase the region's strengths in biomedical informatics and clinical trials.

Document Assets

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