Virginia Biotechnology Research Park
EIN: 541640716 · Richmond, VA · NTEE: S41Z
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.8M |
| Net Assets | $863K |
Is Virginia Biotechnology Research Park Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Biotechnology Research Park
Virginia Biotechnology Research Park (EIN: 541640716) is a nonprofit organization based in Richmond, VA, classified under NTEE code S41Z. The organization reported total revenue of $1.5M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Biotechnology Research Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Biotechnology Research Park is a mid-size nonprofit that has been operating for 33 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 19.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-457,224 |
| Total Assets | $2.6M |
| Total Liabilities | $1.8M |
| Net Assets | $863K |
| Operating Margin | -34.6% |
| Debt-to-Asset Ratio | 67.2% |
| Months of Reserves | 17.7 months |
Financial Health Grade: C
In 2023, Virginia Biotechnology Research Park reported a deficit of $457K with expenses exceeding revenue, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 67.2% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Virginia Biotechnology Research Park's revenue has grown at a compound annual growth rate (CAGR) of 19.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.5% | +26.8% | +60.8% |
| 2022 | +59.9% | +73.3% | +91.3% |
| 2021 | -10.1% | -15.8% | +40.2% |
| 2020 | +38.8% | +18.4% | +52.5% |
| 2019 | +293.4% | +138.6% | +194.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Biotechnology Research Park has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virginia Biotechnology Research Park with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $457K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.2%.
Frequently Asked Questions about Virginia Biotechnology Research Park
Is Virginia Biotechnology Research Park a legitimate charity?
Virginia Biotechnology Research Park (EIN: 541640716) is a registered tax-exempt nonprofit based in Virginia. It has 8 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: C.
How does Virginia Biotechnology Research Park spend its money?
Virginia Biotechnology Research Park reported $1.5M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virginia Biotechnology Research Park tax-deductible?
Virginia Biotechnology Research Park is registered as a tax-exempt nonprofit (EIN: 541640716). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Biotechnology Research Park located?
Virginia Biotechnology Research Park is headquartered in Richmond, Virginia and files with the IRS under EIN 541640716. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does Virginia Biotechnology Research Park have?
Virginia Biotechnology Research Park has 8 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Virginia Biotechnology Research Park showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Virginia Biotechnology Research Park's revenue has grown by 247.7%, moving from $381K to $1.3M. Total assets increased by 1325.1% over the same period, from $184K to $2.6M. Total functional expenses rose by 697.7%, from $223K to $1.8M. In its most recent filing year (2023), Virginia Biotechnology Research Park reported a deficit of $457K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $2.6M in assets (debt-to-asset ratio: 67.2%), resulting in net assets of $863K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.8M | $2.6M | $1.8M | — | — |
| 2022 | $1.9M | $1.4M | $1.6M | $315K | — | View 990 |
| 2021 | $1.2M | $810K | $855K | $8K | — | View 990 |
| 2020 | $1.3M | $962K | $610K | $127K | — | — |
| 2019 | $941K | $812K | $400K | $261K | — | View 990 |
| 2018 | $239K | $340K | $136K | $127K | — | View 990 |
| 2017 | $137K | $211K | $460K | $350K | — | View 990 |
| 2016 | $381K | $223K | $184K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.8M, and assets of $2.6M (revenue -29.5% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.4M, and assets of $1.6M (revenue +59.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $810K, and assets of $855K (revenue -10.1% year-over-year).
- 2020: Revenue of $1.3M, expenses of $962K, and assets of $610K (revenue +38.8% year-over-year).
- 2019: Revenue of $941K, expenses of $812K, and assets of $400K (revenue +293.4% year-over-year).
- 2018: Revenue of $239K, expenses of $340K, and assets of $136K (revenue +74.1% year-over-year).
- 2017: Revenue of $137K, expenses of $211K, and assets of $460K (revenue -63.9% year-over-year).
- 2016: Revenue of $381K, expenses of $223K, and assets of $184K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Biotechnology Research Park:
Data Sources and Methodology
This transparency report for Virginia Biotechnology Research Park 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.