Broad Hollow Bioscience Park Inc
Broad Hollow Bioscience Park consistently operates at a deficit, with expenses significantly exceeding revenue in recent years.
EIN: 113455950 · Farmingdale, NY · NTEE: S40 · Updated: 2026-03-28
Is Broad Hollow Bioscience Park Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broad Hollow Bioscience Park Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broad Hollow Bioscience Park Inc
Broad Hollow Bioscience Park Inc (EIN: 113455950) is a nonprofit organization based in Farmingdale, NY, classified under NTEE code S40. The organization reported total revenue of $3.7M and total assets of $76.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broad Hollow Bioscience Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broad Hollow Bioscience Park Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-3,864,984 |
| Total Assets | $24.9M |
| Total Liabilities | $407K |
| Net Assets | $24.5M |
| Operating Margin | -177.4% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 49.4 months |
Financial Health Grade: B
In 2023, Broad Hollow Bioscience Park Inc reported a deficit of $3.9M with expenses exceeding revenue, holds 49.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Broad Hollow Bioscience Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.3% | +13.0% | -4.8% |
| 2022 | -38.9% | +3.2% | -14.7% |
| 2021 | +155.9% | +2.6% | +7.7% |
| 2020 | +25.2% | +82.2% | -4.4% |
| 2019 | -10.2% | +6.0% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
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 Broad Hollow Bioscience Park Inc with a Mission Score of 55 out of 100 (Fair). 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, Broad Hollow Bioscience Park 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 deficit of $3.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer leadership or that executive compensation is categorized under other expense lines, which could obscure true leadership costs.
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 Broad Hollow Bioscience Park Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have significantly exceeded revenue in most recent years (e.g., $6.04M expenses vs. $2.18M revenue in 2023).
- Declining assets in recent years: Assets decreased from $30.6M in 2021 to $24.8M in 2023, indicating a draw on reserves.
- Unclear executive compensation: Consistent 0% officer compensation raises questions about how leadership is compensated or if it's truly volunteer-led.
- Significant revenue volatility: Revenue fluctuated wildly, from $22.27M in 2014 to $1.15M in 2019, making financial planning challenging.
Strengths
The following positive indicators were identified for Broad Hollow Bioscience Park Inc:
- Substantial asset base: The organization holds significant assets ($76,106,926 latest reported) providing financial stability despite operating deficits.
- Consistent IRS 990 filing history: A long history of 13 filings demonstrates compliance with regulatory reporting requirements.
- Low liabilities: Liabilities are consistently low relative to assets (e.g., $407,150 in 2023 vs. $24.8M assets), indicating good debt management.
Frequently Asked Questions about Broad Hollow Bioscience Park Inc
Is Broad Hollow Bioscience Park Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Broad Hollow Bioscience Park Inc (EIN: 113455950) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Broad Hollow Bioscience Park Inc spend its money?
Broad Hollow Bioscience Park Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Broad Hollow Bioscience Park Inc tax-deductible?
Broad Hollow Bioscience Park Inc is registered as a tax-exempt nonprofit (EIN: 113455950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Broad Hollow Bioscience Park Inc. cover its consistent operating deficits?
The organization consistently reports expenses significantly higher than its revenue. For example, in 2023, expenses were $6,043,507 while revenue was $2,178,523. This suggests a reliance on drawing down existing assets or other non-operating income sources not detailed in the provided summary.
What is the breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how expenses are allocated between programs, administration, and fundraising. This information is crucial for a comprehensive assessment of spending efficiency.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and asset base. It could indicate a volunteer board and executive team, or that compensation is reported under different expense categories, which would impact transparency.
What is the long-term sustainability plan given the recurring operating losses?
With expenses consistently outpacing revenue, the organization's financial model appears unsustainable in the long run without significant changes to its revenue generation strategies or expense management. The substantial asset base of $76,106,926 provides a buffer, but it is being depleted by these deficits.
Filing History
IRS 990 filing history for Broad Hollow Bioscience Park Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Broad Hollow Bioscience Park Inc's revenue has grown by 9.6%, moving from $2.0M to $2.2M. Total assets increased by 213% over the same period, from $7.9M to $24.9M. Total functional expenses rose by 1360.7%, from $414K to $6.0M. In its most recent filing year (2023), Broad Hollow Bioscience Park Inc reported a deficit of $3.9M, with expenses exceeding revenue. The organization holds $407K in liabilities against $24.9M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $24.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $6.0M | $24.9M | $407K | — | View 990 |
| 2022 | $2.3M | $5.3M | $26.1M | $605K | — | View 990 |
| 2021 | $3.7M | $5.2M | $30.6M | $493K | — | — |
| 2020 | $1.4M | $5.1M | $28.4M | $196K | — | View 990 |
| 2019 | $1.2M | $2.8M | $29.8M | $291K | — | View 990 |
| 2018 | $1.3M | $2.6M | $30.8M | $196K | — | View 990 |
| 2017 | $3.0M | $4.5M | $31.8M | $330K | — | View 990 |
| 2016 | $2.4M | $4.2M | $32.1M | $134K | — | View 990 |
| 2015 | $2.0M | $3.3M | $33.9M | $134K | — | View 990 |
| 2014 | $22.3M | $2.1M | $35.3M | $201K | — | View 990 |
| 2013 | $1.7M | $172K | $10.8M | $142K | — | View 990 |
| 2012 | $1.5M | $209K | $9.3M | $149K | — | View 990 |
| 2011 | $2.0M | $414K | $7.9M | $147K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $6.0M, and assets of $24.9M (revenue -3.3% year-over-year).
- 2022: Revenue of $2.3M, expenses of $5.3M, and assets of $26.1M (revenue -38.9% year-over-year).
- 2021: Revenue of $3.7M, expenses of $5.2M, and assets of $30.6M (revenue +155.9% year-over-year).
- 2020: Revenue of $1.4M, expenses of $5.1M, and assets of $28.4M (revenue +25.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $2.8M, and assets of $29.8M (revenue -10.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $2.6M, and assets of $30.8M (revenue -57.9% year-over-year).
- 2017: Revenue of $3.0M, expenses of $4.5M, and assets of $31.8M (revenue +28.6% year-over-year).
- 2016: Revenue of $2.4M, expenses of $4.2M, and assets of $32.1M (revenue +18.4% year-over-year).
- 2015: Revenue of $2.0M, expenses of $3.3M, and assets of $33.9M (revenue -91.0% year-over-year).
- 2014: Revenue of $22.3M, expenses of $2.1M, and assets of $35.3M (revenue +1198.1% year-over-year).
- 2013: Revenue of $1.7M, expenses of $172K, and assets of $10.8M (revenue +11.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $209K, and assets of $9.3M (revenue -22.8% year-over-year).
- 2011: Revenue of $2.0M, expenses of $414K, and assets of $7.9M.
Data Sources and Methodology
This transparency report for Broad Hollow Bioscience Park 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.