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Biocon INC FY2022 filing

Tax-deductible

Edison, NJ501(c)(3)Health CareEIN 22-3619257

Biocon, inc's. (bio) mission is to support the tax-exempt mission of the musculoskeletal transplant foundation INC., (mtf). Continued on schedule o.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $717K a year · 20% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13.0M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
-4% vs prior year
Spent
$2.4M
To programs
100%
Net assets
$4.0M
By yearFY2020–FY2024
Revenue
$3.2M
FY2022▼ -4%
Revenue by fiscal year
FY2020$3.2M
FY2021$3.3M
FY2022$3.2M
FY2023$3.8M
FY2024$4.6M
Expenses
$2.4M
FY2022▼ -8%
Expenses by fiscal year
FY2020$2.4M
FY2021$2.6M
FY2022$2.4M
FY2023$3.2M
FY2024$4.1M
Net assets
$4.0M
FY2022▲ +27%
Net assets by fiscal year
FY2020$2.4M
FY2021$3.1M
FY2022$4.0M
FY2023$4.6M
FY2024$5.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Joseph a Yaccarino
President/Ce
$0Pt VII · Sec A
Michael J Kawas
Treasurer/Cf
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Biocon INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports the tax-exempt mission of the Musculoskeletal Transplant Foundation.

Provided by the organization

This section is blank until Biocon INC claims this page.

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1 program service account for $2.4M of program spending, described in the organization's own filed words · FY2022.
01

See schedule o.

$2.4Mprogram expense

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By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.2M
Ln 12
Fees for servicesLn 2g$3.2M
Money outPt IX
$2.4M
Ln 25
Programscol B$2.4M
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$327K
Total assetsLn 16$17.0M
LiabilitiesLn 26$13.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.2M
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$327K
Cash and savings togetherLn 1–2$327K
Land, buildings, equipmentLn 10c$13.1M
Other assetsLn 15$3.5M
Total assetsLn 16$17.0M
LiabilitiesLn 26$13.0M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.0M$327K
Land, buildings, equipmentLn 10c$13.6M$13.1M
Total assetsLn 16$16.7M$17.0M
LiabilitiesLn 26$13.6M$13.0M
Net assetsLn 32$3.1M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$2K$2K
OccupancyLn 16$1.9M$1.9M
Depreciation, depletion and amortizationLn 22$465K$465K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$2.4M$2.4M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.6M$4.1M$519K$5.2M 990 PDF
FY2023 $3.8M$3.2M$652K$4.6M 990 PDF
FY2022 Viewing $3.2M$2.4M$844K$4.0M 990 PDF
FY2021 $3.3M$2.6M$779K$3.1M 990 PDF
FY2020 $3.2M$2.4M$790K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,214,643 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $3,214,643$3,214,643
VIII-12 Total revenueExcluded from tax $3,214,643$3,214,643
Part IX · Statement of functional expenses $2,370,753 across 4 lines filed
IX-13 Office expensesPrograms $2,324$2,324
IX-16 OccupancyPrograms $1,900,555$1,900,555
IX-22 Depreciation, depletion and amortizationPrograms $465,497$465,497
IX-24 Other expenses (24a–d)Programs $2,377$2,377
IX-25 Total functional expensesPrograms $2,370,753 · Management $0 · Fundraising $0$2,370,753
Part X · Balance sheet $16,971,976 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,032,186$327,272
X-9 Prepaid expenses and deferred chargesStart of year $68,185$84,017
X-10c Land, buildings and equipment, netStart of year $13,553,419$13,095,977
X-15 Other assetsStart of year $2,072,766$3,464,710
X-16 Total assetsStart of year $16,726,556$16,971,976
X-17 Accounts payable and accrued expensesStart of year $35,948$42,521
X-25 Other liabilitiesStart of year $8,539,398$8,371,498
X-26 Total liabilitiesStart of year $13,582,841$12,984,371
X-27 Net assets without donor restrictionsStart of year $3,143,715$3,987,605
X-32 Total net assets or fund balancesStart of year $3,143,715$3,987,605
X-33 Total liabilities and net assetsStart of year $16,726,556$16,971,976
Part XI · Reconciliation of net assets $3,987,605 net assets at year end
XI-1 Total revenue$3,214,643
XI-2 Total expenses$2,370,753
XI-3 Revenue less expenses$843,890
XI-4 Net assets at start of year$3,143,715
XI-10 Net assets at end of year$3,987,605

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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