Nonprofit · EIN 86-1278770
BIOMEDICAL RESEARCH AND INNOVATION PARK
Tax-exempt · MONROE, LA 71201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,184,324 | $102,791 | $2,081,533 | $9,389,186 | $580,660 | $8,808,526 |
| December 31, 2024 | 990 | $3,765,222 | $104,112 | $3,661,110 | $7,982,493 | $1,255,500 | $6,726,993 |
| December 31, 2023 | 990 | $211,934 | $123,739 | $88,195 | $3,082,758 | $16,875 | $3,065,883 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,126,883
- of which government grants
- $2,126,883
- Program service revenue
- $0
- Investment income
- $57,441
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,163
- Accounting fees
- $23,850
- Travel
- $2,392
- Management and general (functional)
- $102,791
Balance sheet and other
- Total assets, start of year
- $7,982,493
- Total assets, end of year
- $9,389,186
- Total liabilities, end of year
- $580,660
- Net assets, end of year
- $8,808,526
- Land, buildings and equipment
- $6,706,056
- Net assets without donor restrictions
- $8,808,526
- Gross receipts
- $2,184,324
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE HOLYFIELD | Chairman Trustee or director, Officer | 20 | $0 |
| JADE WEST | Board Member Trustee or director | 1 | $0 |
| SUSAN NICHOLSON | Secretary/Treas Trustee or director, Officer | 5 | $0 |
| VIRENDRA CHHIKARA | Executive Dir. Trustee or director, Officer | 5 | $0 |
| DR CARRIE CASTILLE | Board Member Trustee or director | 1 | $0 |
| ARTHUR COOPER | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE HOLYFIELD | Chairman Trustee or director, Officer | 20 | $0 |
| AMANDA EDGE | Treasurer Trustee or director, Officer | 1 | $0 |
| SUSAN NICHOLSON | Secretary Trustee or director, Officer | 5 | $0 |
| VIRENDRA CHHIKARA | Executive Dir. Trustee or director, Officer | 5 | $0 |
| RONALD BERRY | Board Member Trustee or director | 1 | $0 |
| ARTHUR COOPER | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE HOLYFIELD | Chairman Trustee or director, Officer | 20 | $0 |
| RAYMOND ARMSTRONG | Vice Chairman Trustee or director, Officer | 1 | $0 |
| AMANDA EDGE | Treasurer Trustee or director, Officer | 1 | $0 |
| SUSAN NICHOLSON | Secretary Trustee or director, Officer | 15 | $0 |
| VIRENDRA CHHIKARA | Executive Dir. Trustee or director, Officer | 5 | $0 |
| RONALD BERRY | Board Member Trustee or director | 1 | $0 |
| CHARLES D'AGOSTINO | Board Member Trustee or director | 10 | $0 |
| ARTHUR COOPER | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2371 TOWER DRIVE 1, MONROE, LA 71201-5761
- Signed the 990
- JOE HOLYFIELD, Chairman
- Phone
- (504) 451-4496
- Return prepared by
- Allen Green & Williamson CPA LLP
Mission
The mission of the Biomedical Research and Innovation Park is to stimulate the establishment and growth of biotechnology start-up companies and other technology-based businesses. By fulfilling this mission, The Biomedical Research and Innovation Park will contribute to advances in health care, rural health care, public health, biotechnology as well as job creation and enhanced economic health to the region. The Biomedical Research and Innovation Park will be an integral part of the vision of the University of Louisiana at Monroe, Edward Via College of Osteopathic Medicine and the economic development vision of the region as well as facilitating technology transfer and commercialization by the faculty and researchers at area universities and colleges.
Program accomplishments
- In 2025, road construction and beautification of the property were almost completed by year end. They continue to nurture relationships in the community to maintain support and gain momentum for the future of Biomedical Research & Innovation Park.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1278770
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $9,389,186
- Income (IRS master file)
- $2,184,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,184,324 | $102,791 | $9,389,186 | XML |
| 990 | December 2024 | $3,765,222 | $104,112 | $7,982,493 | IRS |
| 990 | December 2023 | $211,934 | $123,739 | $3,082,758 | XML |
| 990 | December 2022 | $2,050,000 | $128,391 | $2,986,688 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-1278770).
Questions about BIOMEDICAL RESEARCH AND INNOVATION PARK
- What is the EIN of BIOMEDICAL RESEARCH AND INNOVATION PARK?
- The employer identification number (EIN) of BIOMEDICAL RESEARCH AND INNOVATION PARK is 86-1278770.
- Is BIOMEDICAL RESEARCH AND INNOVATION PARK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to BIOMEDICAL RESEARCH AND INNOVATION PARK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BIOMEDICAL RESEARCH AND INNOVATION PARK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BIOMEDICAL RESEARCH AND INNOVATION PARK due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BIOMEDICAL RESEARCH AND INNOVATION PARK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of BIOMEDICAL RESEARCH AND INNOVATION PARK?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does BIOMEDICAL RESEARCH AND INNOVATION PARK have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,184,324, expenses of $102,791 and total assets of $9,389,186 at year end.
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