Civic Intelligence

Biodesign Challenge Inc.

990 • Fiscal year 2021 • EIN 83-2384405

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 26, 2022

Organization ProfileBIODESIGNCHALLENGE.ORG
282 11th Avenue 2307New York, NY 10001

(917) 969-1653

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.16x

Higher debt load relative to assets than 72% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.14x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Net Margin

55th percentile

17%

Higher net margin than 55% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

91st percentile

$110,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 20.9% of source-year revenue.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Asset Growth

71st percentile

27%

Faster asset growth than 71% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

61st percentile

24%

Faster revenue growth than 61% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$455,883

Up $96,023 (+27%) from 2020

Net Assets

Up

$381,165

Up $88,089 (+30%) from 2020

Liabilities

Up

$74,718

Up $7,934 (+12%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin55th percentile

Revenue

Up

$527,191

Up $101,086 (+24%) from 2020

Expenses

Up

$439,102

Up $98,693 (+29%) from 2020

Net Income

Up

$88,089

Up $2,393 (+2.8%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$600K$400K$200K$0Assets 2019: $254,380Liabilities 2019: $47,000Net Assets 2019: $207,3802019Assets 2020: $359,860Liabilities 2020: $66,784Net Assets 2020: $293,0762020Assets 2021: $455,883Liabilities 2021: $74,718Net Assets 2021: $381,1652021Assets 2022: $496,942Liabilities 2022: $54,535Net Assets 2022: $442,4072022Assets 2023: $579,618Liabilities 2023: $72,652Net Assets 2023: $506,9662023Assets 2024: $525,780Liabilities 2024: $102,417Net Assets 2024: $423,3632024

Highlighted filing

2021

Assets$455,883
Liabilities$74,718
Net Assets$381,165
Open 2021 Filing

Operations Trend

Revenue Growth61st percentile

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

$600K$400K$200K$0-$200KRevenue 2019: $468,904Expenses 2019: $281,858Net Income 2019: $187,0462019Revenue 2020: $426,105Expenses 2020: $340,409Net Income 2020: $85,6962020Revenue 2021: $527,191Expenses 2021: $439,102Net Income 2021: $88,0892021Revenue 2022: $493,641Expenses 2022: $432,399Net Income 2022: $61,2422022Revenue 2023: $478,564Expenses 2023: $414,005Net Income 2023: $64,5592023Revenue 2024: $356,602Expenses 2024: $440,206Net Income 2024: -$83,6042024

Highlighted filing

2021

Revenue$527,191
Expenses$439,102
Net Income$88,089
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 26, 2022
Return Version
2021v4.2
Gross Receipts
$527,191
Mission and Program Overview

Mission

Biodesign challenge is an organization that brings artists, designers and biologists together to produce collaborative projects. Each year, we partner scientists, artists, and designers to envision transformational applications in biotech.

To bring artists, designers and biologists together to produce collaborative projects

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$359,650$423,961▲ $64,311
Pledges and Grants Receivable-$31,712-
Prepaid Expenses and Deferred Charges$210$210→ $0
Total Assets$359,860$455,883▲ $96,023
Liabilities
Deferred Revenue$53,585$62,546▲ $8,961
Accounts Payable and Accrued Expenses$13,199$12,172▼ $1,027
Total Liabilities$66,784$74,718▲ $7,934
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$128,626$237,414▲ $108,788
Net Assets With Donor Restrictions$164,450$143,751▼ $20,699
Total Net Assets Fund Balance$293,076$381,165▲ $88,089
Total Liabilities and Net Assets / Fund Balance$359,860$455,883▲ $96,023
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Daniel GrushkinExecutive DirectorFT$110,000$110,000

Board Members and Trustees

NameTitle
Karen HoganPresident
Dondenna BradleyDirector
Joanne DelucaDirector
Nathan AllenDirector
Orkan TelhanSecretary
Alison IrvineTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$435,743
Program Service Revenue
$90,398
Investment Income
$0
Other Revenue
$1,050
All Other Contributions
$351,743
Change in Net Assets
$88,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$330,430
Other Expenses$108,672
Total Fundraising Expense$37,791
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$155,307$15,135$9,942$180,384
Current Officers, Directors, Trustees, and Key Employees$77,000$11,000$22,000$110,000
Fees for Services Other$70,502--$70,502
Payroll Taxes$18,261$2,759$3,312$24,332
Other Employee Benefits$11,793$1,782$2,139$15,714
Fees for Services Accounting-$9,500-$9,500
Occupancy$9,000--$9,000
Information Technology$5,250--$5,250
Travel$3,515-$398$3,913
Office Expenses$643$1,144-$1,787
Advertising$999--$999
Other Expenses$121$5,744-$121
All Other Expenses-$69-$69
Total Functional Expenses$354,178$47,133$37,791$439,102
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Other officer compensation reviewed
Yes
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

“Board members orkan telhan and karen hogan co-founded a business together called biorealize where karen is the chief executive officer and orkan is the chief technology and design officer.”

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

“A copy of the form 990 is provided to the board at a board meeting and to the executive committee for review prior to filing.”

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

“The organization enforces the conflict of interest policy by monitoring known relationships, questionnaires, and noting any changes in disclosed information.”

Form 990, Part VI, Section B, Line 15

“The review includes reseraching guidestar, 990s ny non-profit network annual salary survey, phone calls to other organizations to collect data.”

Form 990, Part VI, Section C, Line 19

“Financial statements & other documents are made available to the public upon request. They are also posted on guidestar.org”

Filing and Contact Details

Filer

Filer Name
Biodesign Challenge Inc
EIN
83-2384405
Phone
9179691653
Address
282 11TH AVENUE 2307, NEW YORK, NY 10001

Signing Officer

Name
Daniel Grushkin
Title
Executive Director
Phone
9179691653
Signed
2022-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Grushkin
Formed
2018
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Cerini & Associates Llp
Address
3340 VETERANS MEMORIAL HWY, BOHEMIA, NY 11716
Preparer
Ken Cerini
Phone
6315821600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractors: program service expenses 70,502. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,502.”

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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/Desc0THROUGHOUT THE SPRING OUR ORGANIZERS WORK WITH UNIVERSITY INSTRUCTORS TO DESIGN CURRICULA, PARTNER WITH SCIENTISTS, AND MENTOR STUDENTS AS THEY DEVELOP THEIR PROJECTS. EVERY JUNE, THE TEAMS, INCLUDING UNIVERSITY STUDENTS AND PROFESSIONAL SCIENTISTS, GATHER AT OUR CONFERENCE TO SHOWCASE PROJECTS BEFORE ESTEEMED JUDGES AND AUDIENCES FROM ACADEMIA, INDUSTRY, AND MUSEUMS TO SHOWCASE THEIR INNOVATIVE IDEAS.TEAMS PROTOTYPE NEW IDEAS IN MEDICINE, TEXTILES, BEAUTY, FOOD, MANUFACTURING, AND MORE. BIODESIGN CHALLENGE BRIDGES ART, DESIGN, AND BIOTECH TO HELP DEVELOP THE FIRST GENERATION OF PROFESSIONALS THAT CROSS DISCIPLINES, ANTICIPATE PROMISES AND PITFALLS, AND ENGAGE THE PUBLIC IN DIALOGUE ABOUT THE BROADER IMPLICATIONS OF EMERGING BIOTECH.AS PART OF OUR SUPPORT FOR PARTICIPANTS, WE CONNECT TEAMS WITH OPPORTUNITIES WITH MUSEUMS, GALLERIES, INVESTORS, AND ACCELERATOR PROGRAMS. THROUGH THESE CONNECTIONS PROJECTS HAVE BOTH EVOLVED INTO STARTUP COMPANIES AND EXHIBITS AT VENUES AROUND THE WORLD, INCLUDING LONDON DESIGN FESTIVAL, MUSEUM OF MODERN ART, DUTCH DESIGN WEEK, NYCXDESIGN, MIT MEDIA LAB, TECH MUSEUM OF INNOVATION, RISD BIODESIGN EXHIBITION, FIT MUSEUM, THE GREGG, AMONG OTHERS. TEAMS HAVE ALSO GONE ON TO WIN PRESTIGIOUS PRIZES LIKE THE NATIONAL GEOGRAPHIC CHASING GENIUS AWARD AND INTERNATIONAL BIOART AND DESIGN AWARD.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ORKAN TELHAN AND KAREN HOGAN CO-FOUNDED A BUSINESS TOGETHER CALLED BIOREALIZE WHERE KAREN IS THE CHIEF EXECUTIVE OFFICER AND ORKAN IS THE CHIEF TECHNOLOGY AND DESIGN OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD AT A BOARD MEETING AND TO THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE REVIEW INCLUDES RESERACHING GUIDESTAR, 990S NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FINANCIAL STATEMENTS & OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THEY ARE ALSO POSTED ON GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTORS: PROGRAM SERVICE EXPENSES 70,502. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 70,502.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt074718
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IRS990/TotalLiabilitiesGrp/EOYAmt074718
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IRS990/TotalProgramServiceRevenueAmt090398
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0BIODESIGNCHALLENGE.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL GRUSHKIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-26
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CERINI & ASSOCIATES LLP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011716
ReturnHeader/PreparerPersonGrp/PhoneNum06315821600
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KEN CERINI
ReturnHeader/ReturnTs02022-04-26T13:42:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GRUSHKIN
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$455,883
Liabilities
$74,718
Net assets
$381,165
Revenue
$527,191
Expenses
$439,102
Net income
$88,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.26$1.02$4.23$3.57$4.40$0.84
2023Detailed filing. Detailed filing data is available for this year.$5.80$0.73$5.07$4.79$4.14$0.65
2022Detailed filing. Detailed filing data is available for this year.$4.97$0.55$4.42$4.94$4.32$0.61
2021Detailed filing. Detailed filing data is available for this year.$4.56$0.75$3.81$5.27$4.39$0.88
2020Detailed filing. Detailed filing data is available for this year.$3.60$0.67$2.93$4.26$3.40$0.86
2019Detailed filing. Detailed filing data is available for this year.$2.54$0.47$2.07$4.69$2.82$1.87