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BROAD HOLLOW BIOSCIENCE PARK INC
FARMINGDALE, NY · EIN 113455950 · Form 990 · FY2024 · NTEE S40 · Community Improvement · Medium ($1M-$10M)
revenue
$3.7M
expenses
$3.7M
net assets
$75.3M
employees
4
program ratio
91%
mission · from form 990

TO BUILD AND OPERATE SPECIALIZED FACILITIES TO SUPPORT A BIOSCIENCE ECONOMIC DEVELOPMENT PROGRAM.

profile · synthesized from sources

BROAD HOLLOW BIOSCIENCE PARK INC is a New York-based nonprofit focused on bioscience economic development. The organization builds and operates specialized facilities to support innovation and business growth in the biosciences sector. Its work is centered in Farmingdale, NY, with an emphasis on regional economic advancement through infrastructure development.

named programs · 1 · from sources

What they call their work

Bioscience Economic Development Program
Operates specialized facilities in Farmingdale, NY to house and support bioscience research and startup companies, fostering regional economic growth and innovation.
activities · 1 group

What they do

  • Research Facility Management 1 activity
    • Builds and operates specialized bioscience facilities
      Constructs and manages specialized facilities designed to support bioscience economic development, fostering innovation and industry growth in the sector.
financials · form 990 · fy2024
revenue
Total revenue$3.73M
Contributions & grants$8K0%
Program service revenue$3.07M82%
Investment income$651K17%
Other revenue$1K
expenses
Total expenses$3.70M
Program expenses91%
Admin / overhead9%
Fundraising0%
Salaries & benefits$461K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$76.11M
Cash$223K
Investments$18.18M
Liabilities$806K
Net assets$75.30M
Liquid reserves59.7 mo
6 years on record · 2019–2024 · YoY revenue +154.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DAN POLNER EXECUTIVE DIRECTOR 40 $191K
board members · 7
  • ADRIAN KRAINER — DIRECTOR
  • ANDREW WHITELEY — VICE CHAIR
  • DR JOHN NADER — CHAIR (THRU NOV. 2024)
  • DR LAURA JOSEPH — DIRECTOR
  • ERICA CHASE-GREGORY — DIRECTOR
  • ROBERT PREZANT — CHAIR (AS OF DEC. 2024)
  • STEPHEN MONEZ — DIRECTOR
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Specialized Infrastructure for Bioscience Economic Development
    methodology: economic_development_infrastructure
    By operating specialized facilities, the organization catalyzes bioscience economic development because access to purpose-built infrastructure lowers barriers to entry and accelerates innovation and business growth in the sector.