BIONEXUS FOUNDATION

EIN: 201512696 501(c)(3) Science & Technology

MANASSAS, VA

Total Revenue
$12,040,208
Total Expenses
$3,139,554
Total Assets
$299,620,904
Net Assets
$297,583,267
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
DC
Principal Officer
RAYMOND H CYPESS
Phone
7033652700
Tax Period
2023-01-01 to 2023-12-31

BIONEXUS FOUNDATION, founded in 2004, is a mid-sized nonprofit in the Science & Technology sector that reported $18.8M in total revenue in fiscal year 2018. Revenue surged 437% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.4M, a strong 98% operating margin.

Mission

BIONEXUS IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES; TO SUPPORT THE EDUCATIONAL AND SCIENTIFIC MISSION OF ATCC.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $12,040,208
Other Revenue $0
TOTAL REVENUE $12,040,208

Expense Breakdown

Grants Paid $3,000,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,000,000
Other Expenses $139,554
TOTAL EXPENSES $3,139,554

Year-over-Year Comparison

2023 2022 Change
Revenue $12,040,208 $29,635,131 -0.6%
Expenses $3,139,554 $6,191,509 -0.5%
Net Income $8,900,654 $23,443,622 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$4,081,217
Total Directors
6
$2,355,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND H CYPESS CHAIRMAN/PRES/BOARD MEMBER 0.6
Officer Director
$0 $64,646 $2,258,000
RUTH CHENG ASST SEC./CSIO (FROM 11/2023) 0.6
Officer
$0 $70,067 $569,642
THERESE SELLARS ASST SEC./VP HR/CPO 0.6
Officer
$0 $65,344 $467,992
GREGORY FORTON CFO (UNTIL 04/2023) 0.6
Officer
$0 $22,667 $465,872
SCOTT BOLLER ASST TRE/CFO/VP (FROM 03/2023) 0.6
Officer
$0 $25,545 $273,711
STEVE KAMINSKY BOARD MEMBER 0.6
Director
$0 $0 $27,000
LYDIA VILLA-KOMAROFF BOARD MEMBER (UNTIL 07/2023) 0.6
Director
$0 $0 $24,500
HEATHER KIESSLING TREASURER 0.6
Officer
$0 $0 $23,750
MELISSA REWOLINSKI BOARD MEMBER/SECRETARY 0.6
Officer Director
$0 $0 $22,250
LESLIE LENERT BOARD MEMBER 0.6
Director
$0 $0 $21,750
FRANK SIMONIE BOARD MEMBER 0.6
Director
$0 $0 $2,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $12,040,208 $3,139,554 $299,620,904 $8,900,654
2022 $29,635,131 $6,191,509 $266,842,112 $23,443,622
2021 $50,742,953 $1,289,400 $276,986,981 $49,453,553
2020 $13,683,857 $2,450,802 $222,695,106 $11,233,055
2019 $38,753,484 $456,091 $203,352,522 $38,297,393
2018 $18,846,634 $407,951 $143,071,159 $18,438,683
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