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BIOADVANCE CAPITAL

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Public IRS 990 nonprofit record

BIOADVANCE CAPITAL

EIN 46-0481876 · Youth Development (O055)

What they do

BIOADVANCE CAPITAL (FORMERLY BIOADVANCE) WAS ESTABLISHED IN 2001 AS ONE of THE THREE LIFE SCIENCES GREENHOUSES FUNDED WITH A SHARE of PENNSYLVANIAS NATIONAL TOBACCO SETTLEMENT REVENUES to PROMOTE HUMAN HEALTH BY SUPPORTING BIOMEDICAL INNOVATION IN SOUTHEASTERN PENNSYLVANIA. THE ORGANIZATION DEDICATED $25 MILLION of THE ORIGINAL GRANT FUNDING to PRE SEED and EARLY STAGE INVESTMENTS to HELP ADVANCE TECHNOLOGIES to THE NEXT STAGE of DEVELOPMENT. SINCE THE ORIGINAL GRANT FUNDING WAS EXPENDED, BIOADVANCE CAPITAL HAS CONTINUED to SUPPORT EMERGING LIFE SCIENCES COMPANIES IN SOUTHEASTERN PENNSYLVANIA and THE SURROUNDING MID ATLANTIC REGION, WITH A FOCUS ON TECHNOLOGIES THAT IMPROVE HUMAN HEALTH.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $60.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

21.01%of revenue went to mission work60.9% of expenses · Program services
$34.50spent for every $100 of revenueRevenue covered expenses this year.
13.50%of revenue went to management and office costs39.1% of expenses
$32.17in assets for every $1 spent this yearSome assets cannot be spent right away.
20.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $453,612 for SHAHRAM HEJAZI (CEO & MANAGING DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$7,785,105
Mission workProgram services$1,635,46521.01% of revenue60.9% of expenses
ManagementOffice and general costs$1,050,73313.50% of revenue39.1% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$5,098,90765.50% of revenueShown in gray on the chart
Total expenses$2,686,19834.50% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 60.9% mission · 39.1% management · 0.0% fundraisingTotal expenses: 34.50% of revenue
2023Expense mix: 63.1% mission · 36.9% management · 0.0% fundraisingTotal expenses: 36.82% of revenue
2022Expense mix: 62.6% mission · 37.4% management · 0.0% fundraisingTotal expenses: 158.14% of revenue
2021Expense mix: 65.4% mission · 34.6% management · 0.0% fundraisingTotal expenses: 90.29% of revenue
2020Expense mix: 65.5% mission · 34.5% management · 0.0% fundraisingTotal expenses: 82.29% of revenue
2019Expense mix: 59.5% mission · 40.5% management · 0.0% fundraisingTotal expenses: 17.97% of revenue
2018Expense mix: 56.1% mission · 43.9% management · 0.0% fundraisingTotal expenses: 94.85% of revenue
2017Expense mix: 52.1% mission · 47.9% management · 0.0% fundraisingTotal expenses: 85.56% of revenue

Money in and money out

Revenue$7,785,105
Expenses$2,686,198
Annual surplus $5,098,907 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,635,465 · 60.9% of expenses
Management and office costs$1,050,733 · 39.1% of expenses
See all reported dollar amounts
Revenue$7,785,105
Expenses$2,686,198
Assets$86,406,908
Income$17,058,994
Contributions$1,609,000
Mission work (program services)$1,635,465
Management and general$1,050,733
Executive compensation (total)$1,051,079
Stocks and bonds$26,830,020
Accounting fees$49,200
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
SHAHRAM HEJAZICEO & MANAGING DIRECTOR · 32 hrs/week $453,612Base $392,987 · Other $60,625
DAVID SHINCOO AND SECRETARY · 40 hrs/week $332,509
ROBERT DRISCOLLDIRECTOR OF FINANCE · 40 hrs/week $299,947Base $250,203 · Other $49,744
GREG HARRIMANVP AND ASST SECRETARY · 24 hrs/week $250,916Base $240,026 · Other $10,890
FREDERICK JONESADVISORY PARTNER · 24 hrs/week $183,229Base $169,199 · Other $14,030
MARNIE MCCOYPROGRAM DIRECTOR · 40 hrs/week $176,007Base $157,234 · Other $18,773

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

SHAHRAM HEJAZICEO & MANAGING DIRECTOR

DAVID SHINCOO AND SECRETARY

ROBERT DRISCOLLDIRECTOR OF FINANCE

GREG HARRIMANVP AND ASST SECRETARY

FREDERICK JONESADVISORY PARTNER

MARNIE MCCOYPROGRAM DIRECTOR

BARBARA S SCHILBERGDIRECTOR

DR JOHN EPSTEINDIRECTOR (EFF 6/13/25)

DR MARIE LINDNERDIRECTOR (EFF 6/13/25)

JEN GILBURGDIRECTOR

LAUREN LENFESTDIRECTOR

PHILIP GERBINO PHARMDDIRECTOR

ROY M ROSINDIRECTOR

STEVEN NICHTBERGER MDDIRECTOR

About this charity

Recognized since
January 2002
Location
101 WEST ELM STREET, CONSHOHOCKEN, PA 19428-2075
County
Montgomery
In care of
SHAHRAM HEJAZI
Primary officer
SHAHRAM HEJAZI, CEO & MANAGING DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(610) 230-0536

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
EISNER ADVISORY GROUP LLC
NTEE classification
Youth Development (O055)
IRS tax category
Voluntary Health Organizations

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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