Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
59 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
27 people listed on the 990; $2.5M paid to officers and key staff.
Shahram Hejazi’s $393K as CEO & Managing Director is at the 99th percentile of top reported officer pay among 1552 $1–10M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Shahram Hejazi | $392,987 | $346,373 | $329,086 | $313,733 | $307,731 | $295,911 |
| Barbara S Schilberg | — | — | — | $282,152 | $331,702 | $320,100 |
| Frederick Jones | $169,199 | $347,954 | $331,836 | $316,414 | $310,079 | $298,434 |
| David Shin | $332,509 | $23,333 | — | — | — | — |
| Robert Driscoll | $250,203 | $225,611 | $215,197 | $205,377 | $201,182 | $197,152 |
| Greg Harriman | $240,026 | $215,100 | $194,362 | $60,629 | $81,595 | $77,314 |
| Marnie McCoy | $157,234 | $141,121 | $135,506 | $129,382 | $126,771 | $124,113 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 biomedical innovation and emerging life sciences companies in Southeastern Pennsylvania.
Questions for Bioadvance Capital
Your first name shows with your question. Bioadvance Capital answers here, for everyone.
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Greenhouse Program
The cornerstone of bioadvance investment activities - was launched two months after receiving the dced grant. The program funds young companies for research, development and commercialization activities that will provide enough progress to enable them to attract venture capital or an industry partner.
Greenhouse Program
The cornerstone of bioadvance investment activities - was launched two months after receiving the dced grant. The program funds young companies for research, development and commercialization activities that will provide enough progress to enable them to attract venture capital or an industry partner.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2020 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $7.8M | $2.7M | $5.1M | $80.3M | 990 PDF |
| FY2024 | $7.1M | $2.6M | $4.5M | $77.8M | 990 PDF |
| FY2023 | $1.6M | $2.5M | −$922K | $77.3M | 990 PDF |
| FY2022 | $2.5M | $2.3M | $245K | $72.8M | 990 PDF |
| FY2021 | $2.9M | $2.4M | $519K | $79.8M | 990 PDF |
| FY2020 Viewing | $13.0M | $2.3M | $10.6M | $77.9M | 990 PDF |
| FY2019 | $2.6M | $2.4M | $132K | $65.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (1 part)
Part VI · Governance 8 of 9 board members independent, no flags
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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