Overview
What is Biocomx?
Biocomx is a nonprofit organization situated in Dana Point, California, with a single employee. Their primary mission is to enhance the commercialization success rate of biomedical technologies that have been funded by government agencies, primarily in universities and research organizations. They achieve this goal by offering training programs for university researchers, students, and early-stage companies, equipping them with the necessary skills to commercialize these technologies effectively. Recently, Biocomx completed their support for the RADx program from the National Institute of Health and completed relevant courses with the National Institute of Health and the VA.
Official website here: www.biocomx.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Biocomx has received a two-star rating from Charity Navigator, reflecting a score of 66%. The organization demonstrates strong accountability and financial practices, scoring 100% in that category and showing a commendable program expense ratio of 97.86%. However, the absence of independent board members and the lack of posted financial statements on their website raise concerns regarding transparency and governance.
While Biocomx adheres to several good practices, such as having a conflict of interest policy in place, it falls short in critical areas like whistleblower and document retention policies. The absence of these policies may limit the organization’s effectiveness in ensuring accountability and protecting its stakeholders. Furthermore, the organization has not provided financial statements on its website, which is an important aspect of transparency to potential donors and partners.
Overall, Biocomx shows potential with its high program expense ratio, indicating a focus on its mission-driven activities. However, significant improvements in governance and transparency practices are necessary to enhance its rating and foster greater trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Biocomx legitimate?
Biocomx is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biocomx 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.biocomx.org/
What is the mission statement of Biocomx?
Biocomx's mission is centered around enhancing the commercialization success rate of biomedical technologies developed in universities and research organizations, particularly those projects funded by government agencies. They achieve this by providing training to university researchers, students, and early-stage companies, focusing on the commercialization of these technologies. As part of their activities, Biocomx has completed support for the RADx program from the National Institute of Health and completed courses for the National Institute of Health and the VA through their C3i program.
Official website here: www.biocomx.org/
Who is the CEO of Biocomx?
Elias Caro is the President of Biocomx.
Official website here: www.biocomx.org/
What is the revenue of Biocomx?
Biocomx's revenue in 2022 was $5,516,746.
Official website here: www.biocomx.org/
Who are the executives of Biocomx and what are their salaries?
There is 1 employee at Biocomx.
Here are 3 key members and their salaries:
- Compensation: $94,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.biocomx.org/
Where can I find the form 990 for Biocomx?
Biocomx's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biocomx.org/
Learn more at the official website: www.biocomx.org/
Mission Statement of Biocomx
Biocomx, a nonprofit organization, is committed to enhancing the commercial success rate of biomedical technologies that have been funded by government agencies and are developed in universities and research institutions. The primary mission of Biocomx is to educate and train university researchers, students, and early-stage companies in the commercialization of these technologies. By providing this training, Biocomx aims to foster the growth and development of these technologies, ultimately leading to their successful implementation in the market.
Biocomx has demonstrated its dedication to this mission by completing support for the RADx program from the National Institute of Health and by completing C3i courses for the National Institute of Health and the VA. These accomplishments showcase Biocomx's ability to effectively guide and assist in the commercialization process, ensuring that these valuable biomedical technologies reach their full potential. The organization's work in this area is crucial in driving advancements in various fields and improving the overall health and well-being of individuals.
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Impact
July, 2024
Biocomx's impact lies in significantly enhancing the commercialization success rate for technologies developed in universities and other research organizations, primarily focusing on projects funded by government agencies. This nonprofit has successfully completed support for the RADx program from the National Institute of Health and finished C3i courses for the National Institute of Health and the VA. Located in Dana Point, CA, Biocomx's mission is to train university researchers, students, and early-stage companies in the commercialization of biomedical technologies. Their work directly contributes to advancing innovation in the biomedical field and plays a crucial role in bridging the gap between academia and industry.
This information is meant to be a general summary of Biocomx. 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: $114
- Program Service Revenue: $5,516,632
- Gross Receipts: $5,516,746
Assets and Liabilities:
- Total Assets: $661,267
- Total Liabilities: $0
- Net Assets: $661,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project coaching
Revenue
$5,477,152
Training Program
Revenue
$39,480
Organization Details
Founding Year
2017
Phone
(949) 735-8120Principal Officer
Elias Caro
Main Address
24502 Sand Piper Ln, Dana Point, CA, 92629
Website
www.biocomx.org/NTEE Category
Code: B90 - Education
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