Civic Intelligence

Biomedical Research and Innovation Park

EIN 86-1278770 • 501(c)3 • Monroe, LA

Profile

The mission of the Biomedical Research and Innovation Park is to stimulate the establishment and growth of biotechnology start-up companies and other technology-based businesses. By fulfilling this mission, The Biomedical Research and Innovation Park will contribute to advances in health care, rural health care, public health, biotechnology as well as job creation and enhanced economic health to the region. The Biomedical Research and Innovation Park will be an integral part of the vision of ULM, VCOM and the economic development vision of the region as well as facilitating technology transfer and commercialization by the faculty and researchers at area universities and colleges.

Refreshing map…

1811 Auburn Avenue 1Monroe, LA 71201

n/A

Siviq Scores

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

Liabilities / Assets

54th percentile

0.16x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.33x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$0

Higher top officer pay than 28% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

97th percentile

159%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

1677%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$7,982,493

Up $4,899,735 (+159%) from 2023

Liabilities

Up

$1,255,500

Up $1,238,625 (+7340%) from 2023

Net Assets

Up

$6,726,993

Up $3,661,110 (+119%) from 2023

Operations
Liabilities / Revenue67th percentileNet Margin99th percentile

Revenue

Up

$3,765,222

Up $3,553,288 (+1677%) from 2023

Expenses

Down

$104,112

Down $19,627 (-16%) from 2023

Net Income

Up

$3,661,110

Up $3,572,915 (+4051%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth97th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2021: $1,056,079Liabilities 2021: $0Net Assets 2021: $1,056,0792021Assets 2022: $2,986,688Liabilities 2022: $9,000Net Assets 2022: $2,977,6882022Assets 2023: $3,082,758Liabilities 2023: $16,875Net Assets 2023: $3,065,8832023Assets 2024: $7,982,493Liabilities 2024: $1,255,500Net Assets 2024: $6,726,9932024

Highlighted filing

2024

Assets$7,982,493
Liabilities$1,255,500
Net Assets$6,726,993
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2021: $1,152,000Expenses 2021: $95,921Net Income 2021: $1,056,0792021Revenue 2022: $2,050,000Expenses 2022: $128,391Net Income 2022: $1,921,6092022Revenue 2023: $211,934Expenses 2023: $123,739Net Income 2023: $88,1952023Revenue 2024: $3,765,222Expenses 2024: $104,112Net Income 2024: $3,661,1102024

Highlighted filing

2024

Revenue$3,765,222
Expenses$104,112
Net Income$3,661,110
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$7,982,493
Liabilities
$1,255,500
Net assets
$6,726,993
Revenue
$3,765,222
Expenses
$104,112
Net income
$3,661,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.98$1.26$6.73$3.77$0.10$3.66
2023Summary only. Only limited summary data is available for this year.$3.08$0.02$3.07$0.21$0.12$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.01$2.98$2.05$0.13$1.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$1.06$1.15$0.10$1.06
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,050,000
Mission and Program Overview

Mission

The mission of the Biomedical Research and Innovation Park is to stimulate the establishment and growth of biotechnology start-up companies and other technology-based businesses. By fulfilling this mission, The Biomedical Research and Innovation Park will contribute to advances in health care, rural health care, public health, biotechnology as well as job creation and enhanced economic health to the region. The Biomedical Research and Innovation Park will be an integral part of the vision of ULM, VCOM and the economic development vision of the region as well as facilitating technology transfer and commercialization by the faculty and researchers at area universities and colleges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,056,079$2,986,688▲ $1,930,609
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,056,079$2,986,688▲ $1,930,609
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$9,000-
Total Liabilities$0$9,000▲ $9,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,056,079$2,977,688▲ $1,921,609
Total Net Assets Fund Balance$1,056,079$2,977,688▲ $1,921,609
Total Liabilities and Net Assets / Fund Balance$1,056,079$2,986,688▲ $1,930,609
Compensation and Service Providers
Top Officer Pay28th percentile

Board Members and Trustees

NameTitle
Joe HolyfieldChairman
Raymond ArmstrongVice Chairman
Arthur CooperBoard Member
CHARLES D'AGOSTINOBoard Member
Ronald BerryBoard Member
Virendra ChhikaraExecutive Director
Susan NicholsonSecretary
Amanda EdgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,050,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,050,000
Change in Net Assets
$1,921,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$128,391
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 Other-$62,430-$62,430
Fees for Services Management-$40,500-$40,500
Other Expenses-$9,000-$9,000
Insurance-$6,586-$6,586
Office Expenses-$3,665-$3,665
Advertising-$3,366-$3,366
Travel-$1,849-$1,849
Conferences and Meetings-$995-$995
Total Functional Expenses$0$128,391$0$128,391
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OfficerManagement FeesNo$40,500
-OfficerConsulting FeesNo$36,080

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“Financial statements and by-laws are available upon request throught the Monroe Chamber of Commerce.”

Filing and Contact Details

Filer

Filer Name
Biomedical Research and Innovation Park
EIN
86-1278770
Phone
5044514496
Address
1811 AUBURN AVENUE 1, MONROE, LA 71201

Signing Officer

Name
Joe Holyfield
Title
Chairman
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
La
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Allen Green & Williamson CPA LLP
Address
2441 Tower Drive, Monroe, LA 71201
Preparer
Tim Green CPA
Phone
3183884422
Raw XML Appendix373 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.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1DEVELOPMENTAL CONSULTING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt136080
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONSULTING FEES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Biomedical Research and Innovation Park pays consulting fees to ULM-CPOD. Board member, Virendra Chhikara, is affiliated with this company.Consulting fees are also paid to Developmental Consulting, LLC. Charles D'Agostino is affiliated with this company.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Financial statements and by-laws are available upon request throught the Monroe Chamber of Commerce.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt09000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01056079
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02977688
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02050000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01056079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02986688
IRS990/TravelGrp/ManagementAndGeneralAmt01849
IRS990/TravelGrp/TotalAmt01849
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01811 AUBURN AVENUE 1
IRS990/USAddress/CityNm0MONROE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071201
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE HOLYFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIOMEDICAL RESEARCH AND INNOVATION PARK
ReturnHeader/Filer/BusinessNameControlTxt0BIOM
ReturnHeader/Filer/EIN0861278770
ReturnHeader/Filer/PhoneNum05044514496
ReturnHeader/Filer/USAddress/AddressLine1Txt01811 AUBURN AVENUE 1
ReturnHeader/Filer/USAddress/CityNm0MONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd071201
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721221121
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Allen Green & Williamson CPA LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02441 Tower Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Monroe
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd071201
ReturnHeader/PreparerPersonGrp/PhoneNum03183884422
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tim Green CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-15T14:17:30-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOLYFIELD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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