Bionexus Foundation Inc
Bionexus Foundation Inc. accumulates significant assets with remarkably low reported expenses and zero officer compensation.
EIN: 201512696 · Manassas, VA · NTEE: U50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $322.0M |
| Total Expenses | $3.1M |
| Program Spending | 80% |
| Net Assets | $297.6M |
| Transparency Score | 65/100 |
Is Bionexus Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bionexus Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bionexus Foundation Inc
Bionexus Foundation Inc (EIN: 201512696) is a nonprofit organization based in Manassas, VA, classified under NTEE code U50. The organization reported total revenue of $322.0M and total assets of $323.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bionexus Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bionexus Foundation Inc is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.0M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$8.9M |
| Total Assets | $299.6M |
| Total Liabilities | $2.0M |
| Net Assets | $297.6M |
| Operating Margin | 73.9% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 1145.2 months |
Financial Health Grade: A
In 2023, Bionexus Foundation Inc reported a surplus of $8.9M with revenue exceeding expenses, holds 1145.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bionexus Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.4% | -49.3% | +12.3% |
| 2022 | -41.6% | +380.2% | -3.7% |
| 2021 | +270.8% | -47.4% | +24.4% |
| 2020 | -64.7% | +437.3% | +9.5% |
| 2019 | +105.6% | +11.8% | +42.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bionexus Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bionexus Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with hundreds of millions in assets and significant revenue, suggesting either a fully volunteer-led executive team or compensation handled through an unstated mechanism.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bionexus Foundation Inc's IRS 990 filings:
- Extremely low expense ratios relative to revenue, raising questions about direct programmatic spending (e.g., $50.7M revenue vs. $1.29M expenses in 2021).
- Consistent 0% officer compensation for an organization with hundreds of millions in assets, which is highly unusual.
- NTEE code 'U50 - Unknown' makes it difficult to ascertain the organization's specific mission and programmatic focus.
- Significant asset accumulation without clear corresponding programmatic expenditures in the provided data.
Strengths
The following positive indicators were identified for Bionexus Foundation Inc:
- Strong financial health with consistent growth in assets, reaching $299.6 million in 2023.
- Substantial revenue generation, indicating strong financial support or investment returns.
- Low reported liabilities relative to assets, suggesting a stable financial position (e.g., $2.03M liabilities vs. $299.6M assets in 2023).
Frequently Asked Questions about Bionexus Foundation Inc
Is Bionexus Foundation Inc a legitimate charity?
Bionexus Foundation Inc (EIN: 201512696) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $322.0M. 4 red flags identified. 3 strengths noted. Financial health grade: A.
How does Bionexus Foundation Inc spend its money?
Bionexus Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bionexus Foundation Inc tax-deductible?
Bionexus Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201512696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bionexus Foundation Inc's spending goes to programs?
Bionexus Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bionexus Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bionexus Foundation Inc is above average for NTEE category U50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bionexus Foundation Inc located?
Bionexus Foundation Inc is headquartered in Manassas, Virginia and files with the IRS under EIN 201512696. It is classified under NTEE code U50.
How many years of IRS 990 filings does Bionexus Foundation Inc have?
Bionexus Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $322.0M in total revenue.
How does Bionexus Foundation Inc. achieve its mission with such low reported expenses relative to its revenue?
The filings show a consistent pattern of very low expenses compared to revenue (e.g., $50.7M revenue vs. $1.29M expenses in 2021), suggesting that a significant portion of its income is either invested, held, or spent in ways not fully detailed in the provided expense summary, or that its mission involves activities with inherently low direct operational costs.
What is the nature of the 'Unknown' (U50) NTEE code for Bionexus Foundation Inc.?
The NTEE code U50 indicates that the organization's primary purpose or activities are not categorized under standard NTEE classifications, which can make it difficult to understand its specific programmatic focus and assess its impact without further information.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this financial scale. It could imply that executive leadership is entirely volunteer-based, compensated by a related entity, or that the compensation structure is not captured under 'officer compensation' in the provided data.
How are the substantial assets of Bionexus Foundation Inc. being utilized to further its charitable purpose?
With assets growing to nearly $300 million by 2023, and relatively low expenses, it's unclear from the provided data how these significant assets are being deployed to achieve the organization's mission, beyond their accumulation.
Filing History
IRS 990 filing history for Bionexus Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bionexus Foundation Inc's revenue has grown by 681.6%, moving from $1.5M to $12.0M. Total assets increased by 510% over the same period, from $49.1M to $299.6M. Total functional expenses rose by 1276.9%, from $228K to $3.1M. In its most recent filing year (2023), Bionexus Foundation Inc reported a surplus of $8.9M, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $299.6M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $297.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.0M | $3.1M | $299.6M | $2.0M | — | View 990 |
| 2022 | $29.6M | $6.2M | $266.8M | $2.0M | — | View 990 |
| 2021 | $50.7M | $1.3M | $277.0M | $2.0M | — | View 990 |
| 2020 | $13.7M | $2.5M | $222.7M | $2.0M | — | View 990 |
| 2019 | $38.8M | $456K | $203.4M | $2.0M | — | View 990 |
| 2018 | $18.8M | $408K | $143.1M | $2.0M | — | View 990 |
| 2017 | $3.5M | $5.4M | $137.0M | $20K | — | View 990 |
| 2016 | $4.6M | $546K | $123.9M | $5.5M | — | View 990 |
| 2015 | $19.2M | $1.3M | $116.4M | $3.5M | — | View 990 |
| 2014 | $18.0M | $1.8M | $103.2M | $3.5M | — | View 990 |
| 2013 | $25.0M | $2.7M | $86.2M | $3.5M | — | View 990 |
| 2012 | $8.4M | $1.5M | $58.0M | $1.2M | — | View 990 |
| 2011 | $1.5M | $228K | $49.1M | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.0M, expenses of $3.1M, and assets of $299.6M (revenue -59.4% year-over-year).
- 2022: Revenue of $29.6M, expenses of $6.2M, and assets of $266.8M (revenue -41.6% year-over-year).
- 2021: Revenue of $50.7M, expenses of $1.3M, and assets of $277.0M (revenue +270.8% year-over-year).
- 2020: Revenue of $13.7M, expenses of $2.5M, and assets of $222.7M (revenue -64.7% year-over-year).
- 2019: Revenue of $38.8M, expenses of $456K, and assets of $203.4M (revenue +105.6% year-over-year).
- 2018: Revenue of $18.8M, expenses of $408K, and assets of $143.1M (revenue +437.1% year-over-year).
- 2017: Revenue of $3.5M, expenses of $5.4M, and assets of $137.0M (revenue -23.2% year-over-year).
- 2016: Revenue of $4.6M, expenses of $546K, and assets of $123.9M (revenue -76.2% year-over-year).
- 2015: Revenue of $19.2M, expenses of $1.3M, and assets of $116.4M (revenue +6.7% year-over-year).
- 2014: Revenue of $18.0M, expenses of $1.8M, and assets of $103.2M (revenue -27.9% year-over-year).
- 2013: Revenue of $25.0M, expenses of $2.7M, and assets of $86.2M (revenue +197.2% year-over-year).
- 2012: Revenue of $8.4M, expenses of $1.5M, and assets of $58.0M (revenue +445.8% year-over-year).
- 2011: Revenue of $1.5M, expenses of $228K, and assets of $49.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bionexus Foundation Inc:
Data Sources and Methodology
This transparency report for Bionexus Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.