Overview
What is Nyc Builds Bio Inc?
Nyc Builds Bio Inc, based in New York City, serves as an educational platform for its members in the life science and real estate industries, as well as the wider community. Their primary objective is to promote and foster growth in the life science industry within New York City and its surroundings. They achieve this through various means, including an annual symposium, quarterly panel presentations, and a regular newsletter. The organization aims to increase the visibility of commercial life science opportunities to New York City's real estate development community. In doing so, they aim to replicate the success of clusters enjoyed by cities like Boston/Cambridge and San Francisco.
Official website here: www.nycbuildsbio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Nyc Builds Bio Inc has achieved a solid Three-Star rating from Charity Navigator, with an overall score of 81% based entirely on its Accountability & Finance score. This indicates a commendable performance in managing its financial resources and maintaining transparency. The rating reflects strong adherence to financial accountability practices, which are crucial for donor confidence and organizational integrity.
The organization demonstrates a commitment to governance, with 80% of its board being independent members, and it scores perfectly on various accountability metrics. Notably, it has no material diversion of assets and maintains a robust program expense ratio of over 80%, reflecting a focus on its mission-driven activities. Policies regarding conflict of interest, whistleblowing, and document retention are also in place, further enhancing its operational credibility.
However, it's important to consider that the rating is based solely on the Accountability & Finance beacon, which means that other aspects of the organization's performance, such as impact and program effectiveness, are not evaluated within this score. While the financial practices are strong, potential donors may want to look for additional evaluations or information regarding the organization's overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Nyc Builds Bio Inc legitimate?
Nyc Builds Bio Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nyc Builds Bio 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: $0
For more financial information, click here
Official website here: www.nycbuildsbio.org
What is the mission statement of Nyc Builds Bio Inc?
Nyc Builds Bio Inc aims to increase the visibility of commercial life sciences opportunities within the real estate development community, with the ultimate goal of fostering a large and growing life science cluster in New York City, similar to those in Boston/Cambridge and San Francisco. To achieve this, Nyc Builds Bio Inc provides ongoing educational services to its members and the community at large, promoting the growth of the life science industry in New York City and surrounding areas through events such as annual symposiums, quarterly panel presentations, and a regular newsletter.
Official website here: www.nycbuildsbio.org
Who is the CEO of Nyc Builds Bio Inc?
Nancy Kelley is the Co-President of Nyc Builds Bio Inc.
Official website here: www.nycbuildsbio.org
What is the revenue of Nyc Builds Bio Inc?
Nyc Builds Bio Inc's revenue in 2022 was $501,953.
Official website here: www.nycbuildsbio.org
Who are the executives of Nyc Builds Bio Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.nycbuildsbio.org
Where can I find the form 990 for Nyc Builds Bio Inc?
Nyc Builds Bio Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nycbuildsbio.org
Learn more at the official website: www.nycbuildsbio.org
Mission Statement of Nyc Builds Bio Inc
Nyc Builds Bio+, a nonprofit organization, aims to enlighten and enhance the visibility of commercial life sciences opportunities within New York City's real estate development community. Their mission is to catalyze the growth of life science real estate development in the city, ultimately fostering a substantial and expanding cluster akin to those enjoyed by cities such as Boston/Cambridge and San Francisco. To achieve this, Nyc Builds Bio+ provides ongoing educational services to its members and the broader community, engaging in annual symposiums, quarterly panel presentations, and regular newsletters, all aimed at fostering the growth of the life science industry in New York City and its surrounding areas.
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Impact
July, 2024
Nyc Builds Bio Inc aims to educate and raise awareness about commercial life sciences opportunities within New York City's real estate development community. By providing ongoing educational services through symposiums, panel presentations, and newsletters, the organization strives to kickstart life science real estate development in the city to facilitate the growth of a robust life science cluster similar to those in Boston/Cambridge and San Francisco. Their efforts are focused on fostering the expansion and visibility of the life science industry in New York City and its surrounding areas.
This information is meant to be a general summary of Nyc Builds Bio 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: $501,953
- Gross Receipts: $501,953
Assets and Liabilities:
- Total Assets: $38,839
- Total Liabilities: $0
- Net Assets: $38,839
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOTAL MEMBERSHIP FEES
Revenue
$257,075
PHILADELPHIA SYMPOSIUM
Revenue
$82,656
NEW YORK SYMPOSIUM - S
Revenue
$48,500
NEW YORK SYMPOSIUM - T
Revenue
$46,059
PHILADELPHIA SYMPOSIUM
Revenue
$32,000
Organization Details
Founding Year
2018
Phone
(212) 450-7300Principal Officer
Nancy Kelley
Main Address
380 LEXINGTON AVENUE 1505, NEW YORK, NY, 10168
Website
www.nycbuildsbio.orgNTEE Category
Code: U50 - Science research
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