Bucks County Biotechnology Center Inc
- Assets
- $24.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Doylestown, PA
- Founding
- 11/2006
- Data as of
- 06/2021
- EIN
- 20-3672921
Organization Overview
Bucks County Biotechnology Center Inc is located in Doylestown, PA. The organization was established in 2006. According to its NTEE Classification (G02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bucks County Biotechnology Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Bucks County Biotechnology Center Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PENNSYLVANIA BIOTECHNOLOGY CENTER OF BUCKS COUNTY IS THE RESULT OF A UNIQUE PARTNERSHIP TO CREATE A HISTORIC AND TRANSFORMATIONAL FORCE FROM WHICH DISCOVERIES WILL BE BORN, STUDENTS WILL BE TRAINED, AND NEW COMPANIES WILL BE LAUNCHED.
Describe the Organization's Program Activity:
TO FOSTER BIOTECHNOLOGY THROUGH THE CONSTRUCTION, DEVELOPMENT,OWNERSHIP, AND OPERATION OF A BIOTECHNOLOGY RESEARCH CENTER. THERESEARCH FACILITY CONSISTS OF LABORATORIES, CLASSROOMS AND OFFICESPACE TO BE USED TO ENCOURAGE AND DEVELOP SCIENTIFIC RESEARCH,INCLUDING COMMERCIALIZATION OF NEW DISCOVERIES AND TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis P Kassa III Director/coo | OfficerTrustee | 15 | $0 |
Joel Rosen ESQ Secretary | OfficerTrustee | 1 | $0 |
Loren Danzis ESQ Chairman | OfficerTrustee | 1 | $0 |
Joseph Hediger MBA Treasurer | OfficerTrustee | 1 | $0 |
Dr Timothy M Block PHD President | OfficerTrustee | 12 | $0 |
Mark Petty Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Guy M Cooper Hvac Contractor | 6/29/21 | $126,550 |
Steven S Cohen Architectural Design | 6/29/21 | $188,067 |
Worth & Company Inc Mechanical Construction | 6/29/21 | $116,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $430,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,999 |
| Total Program Service Revenue | $2,203,377 |
| Investment income | $373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$99,717 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,639,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $516,000 |
| Fees for services: Legal | $1,488 |
| Fees for services: Accounting | $15,810 |
| Fees for services: Lobbying | $54,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,086 |
| Advertising and promotion | $0 |
| Office expenses | $152,811 |
| Information technology | $10,848 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $336,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $548,838 |
| Insurance | $26,361 |
| All other expenses | -$321,554 |
| Total functional expenses | $2,027,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,712,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9 |
| Net Land, buildings, and equipment | $11,916,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,189,101 |
| Total assets | $24,866,369 |
| Accounts payable and accrued expenses | $126,026 |
| Grants payable | $0 |
| Deferred revenue | $26,837 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,237,723 |
| Unsecured mortgages and notes payable | $1,293,000 |
| Other liabilities | $422,305 |
| Total liabilities | $19,105,891 |
| Net assets without donor restrictions | $5,760,478 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,866,369 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concordia Community Support Services Cabot, PA | $27,553,840 | $12,696,162 |
Keystone Independence Management Hermitage, PA | $869,036 | $3,834,588 |
Bucks County Biotechnology Center Inc Doylestown, PA | $24,866,369 | $2,639,920 |
Anchor For Special Needs Inc Cincinnati, OH | $52,436 | $0 |
Foundation For Advancement Of Haitian Midwives Inc New York, NY | $83,207 | $0 |
Once Upon A Preemie Inc Essinton, PA | $176,603 | $0 |
Lyfebulb Inc New York, NY | $60,264 | $80,679 |
Dysautonomia Youth Network Of America Inc Waldorf, MD | $173,172 | $0 |