Biodesign Challenge INC EIN 83-2384405 Form 990 (PDF) Claim this org

Biodesign Challenge INC FY2023 filing

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Connects artists, designers, and biologists for collaborative projects. For fiscal year 2023 it reported $479K in revenue, $414K in expenses, and $507K in net assets.Pt I

Founded
2018
Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
biodesignchallenge.org
Filings
7 on file (2019–2023)
Revenue
$479KFY2023
Expenses
$414K
Net assets
$507K
People
6
Filings
7
Updates
0
More identity details & actions ⌄
EIN  83-2384405 Public charity (501(c)(3)) New York, NY Founded 2018
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Connects artists, designers, and biologists for collaborative projects.
Leadership
Daniel Grushkin · Former Executive Director · $86K
Money in and out
$479K revenue, $414K expenses
Bottom line
82% program efficiency
Where the money goes · FY2023
Total revenue
$479K
Pt VIII · Ln 12
Total expenses
$414K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.12 Fundraising $0.07
Program efficiency
82%
of spending reaches programs
Operating runway
16.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$479K
FY2023▼ -3%
Expenses
$414K
FY2023▼ -4%
Total assets
$580K
FY2023▲ +17%
Total liabilities
$73K
FY2023▲ +33%
Total revenue
$479K
Pt VIII · Ln 12
Total expenses
$414K
Pt IX · Ln 25
Net assets
$507K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$580K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $339K of program spending, described in the organization's own filed words · FY2023.
01

Throughout the spring, our organizers work with high school and college teachers to design curricula; partner participating classrooms with expert mentors in stem, art, and design; and support students with resources and mentorship as they develop their projects.

$339Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBiodesign Challenge INC
EINHdr · item D83-2384405
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jbiodesignchallenge.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFFeb 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Former Executive Director
$85,560Pt VII · Sec A
Executive Director
$77,479Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Paul Rubbery’s $96K as Executive Director is at the 82nd percentile of top reported officer pay among 1616 $100K–1M education 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Daniel Grushkin$85,560$106,891$110,000$110,000
Paul Rubbery$95,968
Veena Vijayakumar$77,479
Paul Rubery$42,474

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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Statement of Revenue

Part VIII
Contributions & grants$402K · 84%
Program service revenue$69K · 14%
Investment income$8K · 2%
Contributions & grants84%$402K
Program service revenue14%$69K
Investment income2%$8K
Total revenueLn 12$479K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.12 Fundraising $0.07
Program services82%$339K
Management & general12%$48K
Fundraising7%$27K
Total functional expensesLn 25$414K

Balance Sheet

Part X · end of year
CashLn 1$580K
Total assetsLn 16$580K
Total liabilitiesLn 26$73K
Total net assetsLn 32$507K
Months of cash on handcomputed16.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $580K · Operating expenses/yr $414K
16.8 months
Where the money goes
Program services
Program services $339K · Total expenses $414K
82%
Management & General
Management & general $48K · Total expenses $414K
12%
Fundraising
Fundraising $27K · Total expenses $414K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $33K · Solicited contributions (3-yr avg) $385K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $402K · Total revenue $479K
84%
Government reliance
Government grants — · Total revenue $479K
Earned-income share
Program service revenue $69K · Total revenue $479K
14%
Investment reliance
Investment income $8K · Total revenue $479K
+2%
Program self-sufficiency
Program service revenue $69K · Total expenses $414K
17%
Growth & trend
Revenue growth (YoY)
This year $479K · Prior year $494K
-3%
Revenue CAGR
FY2019 $469K · FY2023 $479K
+0.5%
Net-asset trend (YoY)
End of year $507K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $479K · Expenses $414K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $580K
Net-asset ratio
Net assets $507K · Total assets $580K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $580K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Veena Vijayakumar · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $77K · Total expenses $414K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $238K · Total expenses $414K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 12%
Fundraising cost ratio 7%
Revenue growth -3%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$26K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$296K revenue · ⤓ 990 PDF
FY2024$357K revenue · ⤓ 990 PDF
FY2023$479K revenue · viewing · ⤓ 990 PDF
FY2022$494K revenue · ⤓ 990 PDF
FY2021$527K revenue · ⤓ 990 PDF
FY2020$426K revenue · ⤓ 990 PDF
FY2019$469K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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