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Broad Hollow Bioscience Park Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113455950 ✦ Farmingdale, NY ✦ Designated as a 501(c)(3)

Overview

What is Broad Hollow Bioscience Park Inc?

Broad Hollow Bioscience Park Inc, located in Farmingdale, New York, is a nonprofit organization with a primary mission to foster a conducive environment for technologically innovative businesses. They achieve this by constructing and managing specialized facilities to support a bioscience economic development program. The organization's ultimate goal is to facilitate the translation of research into commercially viable high-technology products. With a small team of three individuals, Broad Hollow Bioscience Park Inc plays a significant role in nurturing technological advancements within the bioscience sector.


Official website here: www.bioparkny.org

Is Broad Hollow Bioscience Park Inc legitimate?

Broad Hollow Bioscience Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broad Hollow Bioscience Park Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $154,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,093

For more financial information, click here


Official website here: www.bioparkny.org

What is the mission statement of Broad Hollow Bioscience Park Inc?

Broad Hollow Bioscience Park Inc's mission is centered around fostering a conducive environment for technologically innovative businesses. Their primary objective is to cultivate and enhance these businesses, as well as translate research into commercially viable high-technology products. The organization operates specialized facilities to support a bioscience economic development program. The ultimate goal is to provide rental spaces for these innovative businesses, thus facilitating their growth and development.


Official website here: www.bioparkny.org

Who is the CEO of Broad Hollow Bioscience Park Inc?

Dan Polner is the Fmr Exec Dir of Broad Hollow Bioscience Park Inc.


Official website here: www.bioparkny.org

What is the revenue of Broad Hollow Bioscience Park Inc?

Broad Hollow Bioscience Park Inc's revenue in 2022 was $2,252,688.


Official website here: www.bioparkny.org

Who are the executives of Broad Hollow Bioscience Park Inc and what are their salaries?

The average compensation at Broad Hollow Bioscience Park Inc during 2022 was $127,200. There are 3 employees and 10 volunteers at Broad Hollow Bioscience Park Inc.

Here are 13 key members and their salaries:

    Gregory Blyskal (Fmr Exec Dir) [Trustee/Director]
  • Compensation: $169,796
  • Related: $0
  • Other: $56,054

    • Robert S Morrissey (Facilities Mgr)
  • Compensation: $115,852
  • Related: $0
  • Other: $38,298

    • Adrian Krainer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Maroney (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Adair (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Amoruso (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg O'Connor (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yacov Shamash (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Sawitsky (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George P Larosa (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Whiteley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Nader (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Polner (Executive Direc) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bioparkny.org

    Where can I find the form 990 for Broad Hollow Bioscience Park Inc?

    The Broad Hollow Bioscience Park Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bioparkny.org

    Learn more at the official website: www.bioparkny.org

    Mission Statement of Broad Hollow Bioscience Park Inc

    Broad Hollow Bioscience Park Inc is committed to constructing and managing specialized facilities that support the growth of a bioscience economic development program. Their mission is to foster an environment where technologically innovative businesses can flourish, allowing research to be transformed into commercially viable high-technology products. The organization operates by renting out these facilities to these innovative businesses, providing them with a conducive setting to develop and grow. By doing so, Broad Hollow Bioscience Park Inc contributes to the advancement of the bioscience sector, encouraging the translation of groundbreaking research into commercially successful products.

    Impact

    This information is meant to be a general summary of Broad Hollow Bioscience Park Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Broad Hollow Bioscience Park Inc's impact lies in its mission to create, develop, and operate an environment in which technologically innovative businesses can thrive and research can be translated into commercially viable high technology. By building and operating specialized facilities to support a bioscience economic development program, this organization plays a vital role in fostering technological innovation and driving economic growth in Farmingdale, NY. Through the rental of facilities provided to these businesses, Broad Hollow Bioscience Park Inc contributes to the creation of a supportive ecosystem for startups and established companies in the bioscience sector, ultimately leading to community improvement and advancement in high technology industries.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,688,545
  • Program Service Revenue: $506,274
  • Gross Receipts: $6,683,506

    • Assets and Liabilities:
  • Total Assets: $26,111,228
  • Total Liabilities: $604,639
  • Net Assets: $25,506,589
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL/RESEARCH FACILITY

    Revenue

    $506,274

    Organization Details

    Founding Year

    1998

    Principal Officer

    Dan Polner

    Main Address

    PO BOX 176, FARMINGDALE, NY, 11735

    NTEE Category

    Code: S40 - Community improvement

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