Overview
What is Biocom Institute?
Biocom Institute, established in 2008 by Biocom California, is a 501(c)(3) nonprofit organization situated in San Diego, California. Their primary mission is to foster a skilled and diverse workforce for the life science sector in California, contributing to the growth of the state's life science ecosystem. They collaborate with various stakeholders, including the life science industry, government, non-profits, educational institutions, and others, to anticipate and meet the workforce needs of the life science community. Biocom Institute offers professional development opportunities in genomics through their program, Illumina Genomic Discoveries, allowing teachers to connect with real-world curriculum and industry connections. This initiative aims to empower educators to create meaningful genomic experiences for students and inspire future generations to pursue careers in life sciences. The organization has approximately 10 employees.
Official website here: www.biocominstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Biocom Institute has achieved an impressive 96% rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With a perfect score in key areas such as audit oversight and financial practices, the organization demonstrates a robust operational framework and effective governance structure, including a majority of independent board members.
The organization excels in its financial health, evidenced by a program expense ratio of 77.77%, indicating that a significant portion of its resources is devoted to its programs. Additionally, there are no indications of material diversion of assets, further enhancing its reliability and trustworthiness in handling donor funds.
While the Biocom Institute showcases excellent financial management and governance policies, ongoing transparency and engagement with stakeholders will be crucial for maintaining its strong reputation. Overall, the high rating signifies a nonprofit with solid practices and a commitment to its mission, worthy of donor support.
This AI summary has been generated from information found on Charity Navigator.
Is Biocom Institute legitimate?
Biocom Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biocom Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $149,959
Professional Fundraising Fees: $0
Other Salaries and Wages: $609,535
For more financial information, click here
Official website here: www.biocominstitute.org
What is the mission statement of Biocom Institute?
The Biocom Institute, established in 2008, is a 501(c)(3) organization that collaborates with various stakeholders to foster a skilled and diverse workforce pipeline. Its mission is to accelerate the growth of the life science ecosystem by addressing and anticipating the workforce needs of the life science community. The organization promotes the advancement of life science talent globally, collaborating with the life science industry, government, non-profits, educational institutions, and other relevant entities. The Biocom Institute partners with companies like Illumina to provide teachers with opportunities for professional development in genomics, aiming to empower them to create engaging learning experiences for students in the field of life sciences.
Official website here: www.biocominstitute.org
Who is the CEO of Biocom Institute?
Joseph D Panetta is the President & Ceo of Biocom Institute. The CEO's salary of Biocom Institute is $0 and their total compensation is $1,233,964.
Official website here: www.biocominstitute.org
What is the revenue of Biocom Institute?
Biocom Institute's revenue in 2022 was $1,717,341.
Official website here: www.biocominstitute.org
Who are the executives of Biocom Institute and what are their salaries?
The average compensation at Biocom Institute during 2022 was $75,949. There are 10 employees and 7 volunteers at Biocom Institute.
Here are 10 key members and their salaries (Biocom Institute's CEO's salary is $0 and their total compensation is $1,233,964):
- Compensation: $0
- Related: $1,067,445
- Other: $166,519
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $149,959
- Related: $0
- Other: $0
Official website here: www.biocominstitute.org
Where can I find the form 990 for Biocom Institute?
Biocom Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biocominstitute.org
Learn more at the official website: www.biocominstitute.org
Mission Statement of Biocom Institute
Biocom Institute, established in 2008, is a 501(c)(3) organization with a mission to develop and promote a diverse and skilled workforce pipeline. This nonprofit organization, founded by Biocom, California's most experienced advocate for the life science sector, aims to accelerate the growth of the life science ecosystem in California. Biocom Institute collaborates with various stakeholders, including the life science industry, government, non-profits, educational institutions, and other relevant parties, to identify and meet the workforce needs of the life science community. By promoting the advancement of life science talent globally, the organization seeks to contribute to the growth and success of California's life science sector.
In a partnership with Illumina, Biocom Institute offers opportunities for teachers to engage with the world of genomics. Through professional development, real-world curriculum, and industry connections, educators can learn about genomics and inspire their students to pursue careers in life sciences. By empowering teachers in this way, Biocom Institute aims to create meaningful experiences around genomics and inspire the next generation of life scientists. In summary, Biocom Institute's mission is to foster a skilled and diverse workforce pipeline in the life science sector, collaborating with various stakeholders to meet the industry's needs and promote the advancement of life science talent on a global scale.
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Impact
October, 2024
Biocom Institute significantly enhances the life science ecosystem in California by focusing on developing a skilled and diverse talent pipeline. Established in 2008, it collaborates with various stakeholders, including industry leaders, educational institutions, and government entities, to align educational outcomes with the workforce needs of the life science sector.
One of its notable initiatives involves partnerships with organizations like Illumina, aimed at creating an educational community for teachers centered around genomics. This program not only provides professional development opportunities but also facilitates access to real-world curriculum and industry connections. By empowering educators, Biocom Institute inspires the next generation to explore careers in life sciences, thereby contributing to a sustainable and innovative workforce. This approach boosts economic growth and fosters advancements in life science research and applications, ensuring that California maintains its leadership role in the global life sciences arena.
This information is meant to be a general summary of Biocom Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $722
- Program Service Revenue: $209,452
- Gross Receipts: $1,790,793
Assets and Liabilities:
- Total Assets: $712,895
- Total Liabilities: $339,190
- Net Assets: $373,705
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION SERIES
Revenue
$209,452
Organization Details
Founding Year
2008
Phone
(858) 455-0300Principal Officer
Joseph D Panetta
Main Address
10996 TORREYANA RD 200, SAN DIEGO, CA, 92121
Website
www.biocominstitute.orgNTEE Category
Code: U99 - Science research
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