Biobat Inc.
Biobat Inc.
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About this organization
Revenue
$2,292,271
Expenses
$3,860,630
Mission
Develop space for new & growing biopharm tech companies to create a 21st century working waterfront.
About
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.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “The corporation was formed to attract, encourage, develop, improve and assist the life science and technology industries and public and private r&d institutions in new york state by developing affordable biotechnology/science research (wet/dry lab) and manufacturing space in new york city. approximately 486,000 square feet of space at the southern end of building a in the brooklyn army terminal is being developed for a science and technology community of tenants. at this time all of the developed phase i space is occupied.”.
When explaining its purpose, the activities were outlined as: “Develop space for new & growing biopharm tech companies to create a 21st century working waterfront.”.
- As per legal reporting requirements, the state of operation for the non-profit is NY.
- The non-profit's address for 2020 is listed as 450 CLARKSON AVENUE, BROOKLYN, NY, 11203 in the filing.
- As per the non-profit's form, they have 2 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$1,568,359.
- The organization has 12 independent voting members.
- The organization was formed in 2010.
- The organization pays $273,737 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.