Bionanomics Inc

What it reported doing in 2024

In 2024, bionanomics, inc. (bnx) was incorporated as a nonprofit research laboratory with a mission to advance accessible, community-driven research in microscopy, bioengineering, and stem education. Following incorporation in july, bnx acquired several major pieces of equipment including a laser scanning confocal microscope, a laser cell microdissector, an atomic force microscope (afm), two haptic feedback controllers, and two robotic armsto support research initiatives. Bnx began culturing and imaging caenorhabditis elegans as a model system and developed a suite of internal protocols, including standard operating procedures for instrumentation and lab safety. To promote transparency and public engagement, bnx launched a youtube channel to livestream time-lapse imaging experiments and share regular lab updates and facility tours. Student interns played a central role in designing and building the livestreaming system, integrating hardware and open-source software to connect our microscopes to the internet. Bnx also partnered with a senior capstone engineering team from purdue university fort wayne (pfw) to develop a custom co incubator, laying the foundation for future mammalian cell culture projects. Complementing the research mission, bnx significantly expanded stem access across northeast Indiana. Bnx sponsored educators to launch five new rookie robotics teams within fort wayne community schools, providing tools, parts, and mentorship to support team development and competition readiness. Bnx also funded travel expenses for student teams attending state and world robotics competitions, including support for coaches traveling to the world championship in houston. To ensure equitable access to high-quality training and practice, bnx purchased a full-size robotics practice field and secured space at electric works, making the facility available to all northeast Indiana schools for the upcoming season. Together, these efforts in 2024 marked a foundational year for bnx, advancing both scientific discovery and inclusive stem education throughout the region.

Financial Efficiency

• Mission deployment rate: 1.8%; rating input score 2
• Program expense ratio: 70.1%; rating input score 70
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Fail
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 98.1%; rating input score 100; 100th percentile among comparable filings
• Total-asset coverage ratio: 50.37; rating input score 99; 99th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: Limited
• Asset growth: Limited