Bionj Inc
- Assets
- $1.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 22-3284393
Organization Overview
Bionj Inc is located in Trenton, NJ. The organization was established in 1994. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bionj Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Bionj Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BIONJ, INC. IS A POWERFUL NETWORK OF 400 MEMBER COMPANIES REPRESENTING RESEARCH-BASED LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FORMULATE AND ADVOCATE POLICY POSITIONS TO ELECTED OFFICIALS AND REGULATORS, ACQUIRE AND COORDINATE RESOURCES AND PROVIDE SERVICES TO MEMBERS REGARDING ISSUES CRITICAL TO BUILDING SUCCESSFUL BIOTECHNOLOGY ENTERPRISES, AND ENHANCE AWARENESS AND APPRECIATION OF NEW JERSEY'S BIOTECHNOLOGY INDUSTRY.
THE ENTREPRENEURIAL FELLOWSHIP PROGRAM WAS CREATED TO MENTOR,DEVELOP AND TRAIN LIFE SCIENCES WOULD-BE ENTREPRENEURS IN NJ WITH THE HOPE THAT CANDIDATES WILL RETURN TO NJ TO OPEN THEIR OWN RESEARCH ORGANIZATIONS AND/OR DRUG COMPANIES IN THE FUTURE OR RETAIN THEIR TALENT IN NJ COMPANIES. CANDIDATES ROTATE BETWEEN MULTIPLE COMPANIES FOR A TERM OF SIX-MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher J Schaber Chair | OfficerTrustee | 1 | $0 |
Debbie Hart President And CEO | OfficerTrustee | 1 | $0 |
Michele Korfin Secretary | OfficerTrustee | 1 | $0 |
James Sapirstein Rph MBA Immediate Past Chair | OfficerTrustee | 1 | $0 |
Daniel J Oconnor JD Vice Chair | OfficerTrustee | 1 | $0 |
Monika A Vnuk MD Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,500 |
| Total Program Service Revenue | $1,877,174 |
| Investment income | $300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,659,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,200 |
| Grants and other assistance to domestic individuals. | $5,335 |
| 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 | $1,294,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $538,513 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,410 |
| Advertising and promotion | $76,638 |
| Office expenses | $14,976 |
| Information technology | $6,737 |
| Royalties | $0 |
| Occupancy | $101,240 |
| Travel | $1,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,995 |
| All other expenses | $0 |
| Total functional expenses | $2,569,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,523,454 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,523,454 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,523,454 |
| Total liabilities and net assets/fund balances | $1,523,454 |
Grants Awarded
Over the last fiscal year, Bionj Inc has awarded $17,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Trenton, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
BIOTECHNOLOGY COUNCIL OF NJ PAC PURPOSE: FUND POLITICAL CONTRIBUTIONS | $7,200 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bionj Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Biotechnology Innovation Organization Washington, DC PURPOSE: SPONSORSHIP | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
Produce Marketing Association Newark, DE | $26,319,073 | $9,750,513 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |
Loan Syndications And Trading Association Inc New York, NY | $32,443,554 | $12,995,504 |