BIOBAT INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: BIOBAT INC (EIN 45-3533828)
Tax period: 2019-07-01 to 2020-06-30
Filed: 2021-02-23
IRS object ID: 202120549349300502
Schema version: 2019v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-02-23T07:57:07-06:00	ReturnTs
Tax Period End	2020-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1570 FRUITVILLE PIKE SUITE 400	AddressLine1Txt
City	LANCASTER	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	17601	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2019-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	453533828	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BIOBAT INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BIOB	BusinessNameControlTxt
Phone	3477991477	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	450 CLARKSON AVENUE	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11203	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CRAIG P CAMPBELL	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	3477991477	PhoneNum
Signature	2021-02-22	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KERRI N BOGDA CPA	PreparerPersonNm
PTIN	P00760402	PTIN
Phone	7177404863	PhoneNum

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	EVA CRAMER PHD	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	450 CLARKSON AVENUE	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11203	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$3,543,927	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.BIOBAT.NYC	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2010	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	DEVELOP SPACE FOR NEW & GROWING BIOPHARM TECH COMPANIES TO CREATE A 21ST CENTURY WORKING WATERFRONT.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	5	TotalEmployeeCnt
Total Volunteers	10	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$128,927	PYContributionsGrantsAmt
CY Contributions Grants	$4,450	CYContributionsGrantsAmt
PY Program Service Revenue	$2,176,668	PYProgramServiceRevenueAmt
CY Program Service Revenue	$3,502,679	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$1,708	PYOtherRevenueAmt
CY Other Revenue	$36,798	CYOtherRevenueAmt
PY Total Revenue	$2,307,303	PYTotalRevenueAmt
CY Total Revenue	$3,543,927	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$248,986	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$312,541	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,807,378	PYOtherExpensesAmt
CY Other Expenses	$2,515,097	CYOtherExpensesAmt
PY Total Expenses	$3,056,364	PYTotalExpensesAmt
CY Total Expenses	$2,827,638	CYTotalExpensesAmt
PY Revenues Less Expenses	-$749,061	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$716,289	CYRevenuesLessExpensesAmt
Total Assets BOY	$47,760,979	TotalAssetsBOYAmt
Total Assets EOY	$26,658,147	TotalAssetsEOYAmt
Total Liabilities BOY	$317,219	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$325,360	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$47,443,760	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$26,332,787	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	BIOBAT, A JOINT PARTNERSHIP, CREATED BY THE RESEARCH FOUNDATION FOR SUNY, ON BEHALF OF DOWNSTATE HEALTH SCIENCES UNIVERSITY, AND THE NEW YORK CITY ECONOMIC DEVELOPMENT, PROVIDES:- SOPHISTICATED RESEARCH, OFFICE AND MANUFACTURING SPACE FOR LOCAL, NATIONAL AND INTERNATIONAL BIOTECHNOLOGY AND RELATED COMPANIES- THE OPPORTUNITY TO WORK WITH SUNY DOWNSTATE SCIENTISTS/CLINICIANS/STUDENTS TO ADVANCE THEIR DISCOVERIES AND PERFORM CLINICAL TRIALS- EDUCATIONAL, ENTREPRENEURIAL AND JOB TRAINING OPPORTUNITIES- AN ECONOMIC ENGINE TO CREATE JOBS, ADVANCE KNOWLEDGE AND BRING MEDICAL TREATMENTS AND NEW TECHNOLOGIES TO THE MARKETPLACE.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$2,569,315	ExpenseAmt
Revenue	$3,502,679	RevenueAmt
Desc	BIOBAT HOLDS A LEASE INTEREST IN A PORTION OF THE BROOKLYN ARMY TERMINAL AND IS COMMITTED TO CREATING A 21ST CENTURY WORKING WATERFRONT. THUS FAR GOVERNMENT FUNDING HAS ALLOWED BIOBAT TO ACQUIRE, MAINTAIN AND DEVELOP THIS LEASEHOLD INTEREST, AS WELL AS DEVELOP SPACE FOR INNOVATIVE COMPANIES TO APPLY FOR OCCUPANCY AND ENTER INTO LEASES FOR SPACE. BY PROVIDING THESE FACILITIES AND RELATED SUPPORT FOR THE APPLICATION, EXPANSION AND COMMERCIALIZATION OF BIOTECHNOLOGY, LIFE SCIENCES, AND HARD SCIENCES RESEARCH AT THE BROOKLYN ARMY TERMINAL, BIOBAT FULFILLS ITS MISSION. THE DEVELOPMENT OF THE SPACE AT BIOBAT IS BEING DONE IN PHASES. PHASE I IS COMPLETE AND FULLY OCCUPIED. PHASE II IS IN DEVELOPMENT, WITH ONE CURRENT TENANT AND 60,000 SQUARE FEET OF SPACE READY FOR DEVELOPMENT. BIOBAT IS IN NEGOTIATIONS WITH SEVERAL POTENTIAL TENANTS TO LEASE THE REMAINDER OF THE SPACE.	Desc
Total Program Service Expenses	$2,569,315	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
IRP Document	5	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	5	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JOE SYMOUN	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	3477991477	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	140 58TH ST BLDG A BOX 194 BROOKLYN	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11220	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
KATHLEEN OTTO
EXECUTIVE DIRECTOR	55.00	0.00	Yes (X)	$165,000	$0	$23,751
EVA CRAMER PHD
PRESIDENT	10.00	0.00		$0	$0	$0	Yes (X)
DR WAYNE RILEY MD
CHAIRMAN	1.00	0.00		$0	$0	$0	Yes (X)	Yes (X)
CRAIG CAMPBELL
TREASURER	2.00	0.00		$0	$0	$0	Yes (X)
JOAN BARTOLOMEO
DIRECTOR	1.00	0.00		$0	$0	$0		Yes (X)
CHRISTINA DEROSE
DIRECTOR	1.00	0.00		$0	$0	$0		Yes (X)
DR JAMES DIAS
DIRECTOR	1.00	0.00		$0	$0	$0		Yes (X)
JEFF GAMBRELL
DIRECTOR AS OF 1/1/2020	2.00	0.00		$0	$0	$0		Yes (X)
AMIT GOLDER
DIRECTOR TO 6/30/2020	1.00	0.00		$0	$0	$0		Yes (X)
MATT KWATINETZ
DIRECTOR TO 10/30/2019	1.00	0.00		$0	$0	$0		Yes (X)
MATT MROZ
DIRECTOR	1.00	0.00		$0	$0	$0		Yes (X)
DR PREM PREMSRIRUT MD
DIRECTOR	1.00	0.00		$0	$0	$0		Yes (X)
DOUG THIEDE
DIRECTOR	1.00	0.00		$0	$0	$0		Yes (X)
CARLO YUVIENCO PHD
DIRECTOR	1.00	0.00		$0	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$165,000	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$23,751	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	Yes (1)	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$4,450	AllOtherContributionsAmt
Total Contributions	$4,450	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME	532000	$1,912,135	$1,912,135
REIMBURSED EXPENSES	532000	$1,590,544	$1,590,544

Field	Value	IRS element (for citing)
Total Program Service Revenue	$3,502,679	TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$36,798	TotalRevenueColumnAmt
Exclusion	$36,798	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$36,798	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,543,927	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,502,679	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$36,798	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$188,751	TotalAmt
Program Services	$172,250	ProgramServicesAmt
Management And General	$16,501	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$78,241	TotalAmt
Management And General	$78,241	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$45,549	TotalAmt
Program Services	$38,619	ProgramServicesAmt
Management And General	$6,930	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$46,019	TotalAmt
Management And General	$46,019	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$175	TotalAmt
Management And General	$175	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$3,525	TotalAmt
Program Services	$3,525	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$9,412	TotalAmt
Program Services	$8,071	ProgramServicesAmt
Management And General	$1,341	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$6,234	TotalAmt
Program Services	$5,611	ProgramServicesAmt
Management And General	$623	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$720,150	TotalAmt
Program Services	$648,135	ProgramServicesAmt
Management And General	$72,015	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$154	TotalAmt
Program Services	$154	ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$536	TotalAmt
Program Services	$536	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$684,937	TotalAmt
Program Services	$684,937	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$133,825	TotalAmt
Program Services	$133,760	ProgramServicesAmt
Management And General	$65	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
COMMON AREA MAINTENANCE	$538,369	$538,369
REPAIRS AND MAINTENANCE	$364,134	$327,721	$36,413
SUPPLIES - BUILDING	$6,898	$6,898
AGENCY FEES	$729	$729

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,827,638	TotalAmt
Program Services	$2,569,315	ProgramServicesAmt
Management And General	$258,323	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,651,633	BOYAmt
EOY	$1,500,319	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$804,908	BOYAmt
EOY	$513,829	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$255,099	BOYAmt
EOY	$509,857	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$320,095	BOYAmt
EOY	$300,930	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$25,220,371	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,153,159	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$44,305,029	BOYAmt
EOY	$22,067,212	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$424,215	BOYAmt
EOY	$1,766,000	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$47,760,979	BOYAmt
EOY	$26,658,147	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$234,144	BOYAmt
EOY	$156,804	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$83,075	BOYAmt
EOY	$168,556	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$317,219	BOYAmt
EOY	$325,360	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$47,443,760	BOYAmt
EOY	$26,332,787	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$47,443,760	BOYAmt
EOY	$26,332,787	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$47,760,979	BOYAmt
EOY	$26,658,147	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$716,289	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$21,827,262	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$742,094	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$128,927	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,450	CurrentTaxYearAmt
Total	$875,471	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,206,728	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,816,098	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,550,101	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,176,668	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,502,679	CurrentTaxYearAmt
Total	$10,252,274	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,206,728	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,816,098	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,292,195	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,305,595	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,507,129	CurrentTaxYearAmt
Total	$11,127,745	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$11,127,745	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$76	CurrentTaxYearMinus2YearsAmt
Total	$76	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$76	CurrentTaxYearMinus2YearsAmt
Total	$76	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$20,918	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus1 Year	$1,708	CurrentTaxYearMinus1YearAmt
Current Tax Year	$36,798	CurrentTaxYearAmt
Total	$59,424	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,227,646	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,816,098	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,292,271	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,307,303	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,543,927	CurrentTaxYearAmt
Total	$11,187,245	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.99470	PublicSupportCY509Pct
Public Support PY509	0.96160	PublicSupportPY509Pct
Investment Income CY	0.00000	InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER INCOME - 2015 AMOUNT: $ 20,918. 2019 AMOUNT: $ 36,798. INSURANCE CLAIMS - 2018 AMOUNT: $ 1,708.	ExplanationTxt

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$18,622,734	OtherCostOrOtherBasisAmt
Depreciation	$2,701,011	DepreciationAmt
Book Value	$15,921,723	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,021,397	OtherCostOrOtherBasisAmt
Depreciation	$41,783	DepreciationAmt
Book Value	$5,979,614	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$37,537	OtherCostOrOtherBasisAmt
Depreciation	$17,202	DepreciationAmt
Book Value	$20,335	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$538,703	OtherCostOrOtherBasisAmt
Depreciation	$393,163	DepreciationAmt
Book Value	$145,540	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$22,067,212	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt
DEPOSITS	$190,251
RENT RECEIVABLE	$389,673
DUE FROM NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION	$1,186,076

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$1,766,000	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	TENANT DEPOSITS	Desc
Amt	$168,556	Amt

Field	Value	IRS element (for citing)
Total Liability	$168,556	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$7,259,127	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$3,715,200	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$3,715,200	RevenueNotReportedAmt
Revenue Subtotal	$3,543,927	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$3,543,927	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$6,542,838	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$3,715,200	DonatedServicesUseFcltsAmt
Expenses Not Reported	$3,715,200	ExpensesNotReportedAmt
Expenses Subtotal	$2,827,638	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,827,638	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	MANAGEMENT HAS EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF ASC 740.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	KATHLEEN OTTO	PersonNm
Title	EXECUTIVE DIRECTOR	TitleTxt
Base Compensation Filing Org	$165,000	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$13,120	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$10,631	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$188,751	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART VII:	THE EXECUTIVE DIRECTOR IS COMPENSATED FROM THE RESEARCH FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK.
FORM 990, PART VI, SECTION A, LINE 6	THE CORPORATION SHALL CONSIST OF TWO (2) MEMBERS: THE RESEARCH FOUNDATION OF STATE UNIVERSITY OF NEW YORK, FOR THE BENEFIT OF SUNY DOWNSTATE MEDICAL CENTER, ("RESEARCH FOUNDATION") AND NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION ("EDC"). WHILE THE RESEARCH FOUNDATION SHALL ACT FOR THE BENEFIT OF SUNY DOWNSTATE MEDICAL CENTER, THE RESEARCH FOUNDATION SHALL MAINTAIN THE MEMBERSHIP POWERS AND INTEREST, ALONG WITH NYCEDC. EACH MEMBER SHALL REMAIN A MEMBER UNTIL THE MEMBERSHIP TERMINATES BY RESIGNATION OR DISSOLUTION OF THE CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7A	IN ACCORDANCE WITH THE BYLAWS OF THE ORGANIZATION, THE BOARD OF DIRECTORS SHALL BE APPOINTED BY THE CORPORATE MEMBERS. FOUR OF THE DIRECTORS SHALL BE NAMED BY THE RESEARCH FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK, FOUR SHALL BE NAMED BY THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION AND TWO SHALL BE ELECTED JOINTLY BY THE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	THE 990 IS MADE AVAILABLE TO THE BOARD AND 990 IS REVIEWED BY THE AUDIT COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 12C	EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THE CORPORATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED BY THE AUDIT COMMITTEE.
FORM 990, PART VI, SECTION B, LINE 15	THE EXECUTIVE DIRECTOR IS COMPENSATED FROM THE RESEARCH FOUNDATION OF THE STATE UNIVERSITY OF NEW YORK WHICH IS APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	LOSS ON DISPOSAL OF LHI - RETURN OF PREMISES -21,827,262.
FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:	IN CONNECTION WITH THE EXECUTION AND DELIVERY OF THIS AMENDMENT, BIOBAT RETURNED A PORTION OF THE ORIGINAL PREMISES, INCLUDING FLOORS FOUR THROUGH EIGHT, PASSENGER ELEVATOR, ALL ELEVATOR SHAFTS, CONSISTING OF APPROXIMATELY 280,000 GROSS SQUARE FEET OF THE ORIGINAL PREMISES. THESE PREMISES WILL NO LONGER BE LEASED TO BIOBAT. AS A RESULT OF THE RETURNED PREMISES, $21,827,262 WAS REMOVED FROM LEASEHOLD IMPROVEMENTS AND RECORDED AS A LOSS ON DISPOSAL DURING THE YEAR ENDED JUNE 30, 2020.