Overview
What is The Biotechnology Incubator At Nymc Inc?
The Biotechnology Incubator at Nymc Inc, located in Valhalla, New York, serves as a tech incubator with a mission to foster the establishment and growth of numerous biotechnology start-up companies. They offer direct business development assistance, professional networking, and relationship support, along with educational programs and facility-based services. Their goal is to stimulate the development of thriving biotech companies within Westchester County and the Lower Hudson Valley area, contributing to the growth of this sector.
Official website here: www.bioincny.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating. This rating reflects a strong emphasis on accountability and finance, indicating that The Biotechnology Incubator At Nymc Inc is effectively managing its resources. The score suggests a commitment to transparency and responsible financial practices, which are crucial for donor confidence and overall operational integrity.
The organization scored well across various categories, including having no material diversion of assets and a robust program expense ratio of 80.29%. This indicates that a significant portion of its funds is directed towards its mission-related programs rather than administrative costs. Additionally, the presence of key governance policies, such as a conflict of interest policy and a whistleblower policy, demonstrates a commitment to ethical standards and accountability.
However, the overall rating is solely based on the Accountability & Finance beacon, and there are no scores provided for other aspects such as impact or leadership. While the financial practices are commendable, potential donors may want to consider the lack of comprehensive ratings in other areas when evaluating the nonprofit's effectiveness and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is The Biotechnology Incubator At Nymc Inc legitimate?
The Biotechnology Incubator At Nymc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Biotechnology Incubator At Nymc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,732
For more financial information, click here
Official website here: www.bioincny.com
What is the mission statement of The Biotechnology Incubator At Nymc Inc?
The Biotechnology Incubator at Nymc Inc's mission is focused on promoting the establishment and growth of biotechnology start-up companies. By doing so, their purpose is to increase the number of successful biotech companies originating and developing within the Westchester County and Lower Hudson Valley area. They offer direct business development assistance, professional network support, educational programs, and facility-based services to help these companies thrive.
Official website here: www.bioincny.com
Who is the CEO of The Biotechnology Incubator At Nymc Inc?
Robert W Amler is the Trustee of The Biotechnology Incubator At Nymc Inc. The CEO's salary of The Biotechnology Incubator At Nymc Inc is $0 and their total compensation is $1,270,050.
Official website here: www.bioincny.com
What is the revenue of The Biotechnology Incubator At Nymc Inc?
The Biotechnology Incubator At Nymc Inc's revenue in 2022 was $604,155.
Official website here: www.bioincny.com
Who are the executives of The Biotechnology Incubator At Nymc Inc and what are their salaries?
There 1 volunteer at The Biotechnology Incubator At Nymc Inc.
Here are 6 key members and their salaries (The Biotechnology Incubator At Nymc Inc's CEO's salary is $0 and their total compensation is $1,270,050):
- Compensation: $0
- Related: $1,008,541
- Other: $261,509
- Compensation: $0
- Related: $613,599
- Other: $61,626
- Compensation: $0
- Related: $392,597
- Other: $30,584
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $286,467
- Other: $70,009
- Compensation: $0
- Related: $530,032
- Other: $97,937
Official website here: www.bioincny.com
Where can I find the form 990 for The Biotechnology Incubator At Nymc Inc?
The Biotechnology Incubator At Nymc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bioincny.com
Learn more at the official website: www.bioincny.com
Mission Statement of The Biotechnology Incubator At Nymc Inc
The Biotechnology Incubator at NYMC Inc is committed to stimulating the establishment and growth of numerous biotechnology start-up companies. Its primary purpose is to foster the development of thriving biotechnology companies within the Westchester County and Lower Hudson Valley area. To achieve this mission, the incubator provides direct business development assistance, professional network and relationship support, educational programs, and facility-based services. By offering these resources, The Biotechnology Incubator at NYMC Inc aims to support the growth of innovative biotechnology companies, contributing to the broader scientific and economic community.
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Impact
July, 2024
The Biotechnology Incubator At Nymc Inc has significantly impacted the biotechnology industry by stimulating the establishment and growth of numerous biotechnology start-up companies. Through their technology incubator, they provide direct business development assistance, professional network and relationship support, educational programs, and facility-based services. Their mission is to increase the number of thriving companies originating and developing within Westchester County and the Lower Hudson Valley area. By supporting these start-ups, they help drive innovation, economic growth, and job creation in the local community.
This information is meant to be a general summary of The Biotechnology Incubator At Nymc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $353,665
- Gross Receipts: $604,155
Assets and Liabilities:
- Total Assets: $1,745,060
- Total Liabilities: $29,375
- Net Assets: $1,715,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCUBATOR PROGRAMS
Revenue
$353,665
Organization Details
Founding Year
2014
Phone
(914) 594-1000Principal Officer
Robert W Amler
Main Address
40 SUNSHINE COTTAGE ROAD, VALHALLA, NY, 10595
Website
www.bioincny.comNTEE Category
Code: S43 - Community improvement
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