Overview
What is Bioscience Los Angeles County Inc?
Bioscience Los Angeles County Inc is a nonprofit organization situated in Culver City, California. Its primary objective is to serve as a regional one-stop resource, connecting various stakeholders to the Los Angeles life sciences ecosystem. This includes investors, companies, researchers, entrepreneurs, developers, vendors, and other organizations. BioscienceLA acts as a convenor, concierge, and visitor center, providing information and resources. Additionally, it hosts multi-stakeholder convenings to address strategic issues, potential partnerships, or new opportunities in the industry or ecosystem. The organization's mission is to ensure a collaborative and well-coalesced ecosystem in Los Angeles, encompassing various aspects of the Southern California life sciences cluster, such as biotechnology, pharmaceuticals, medical devices, and digital health, among others. Maximum word count: 120
Official website here: www.biosciencela.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Bioscience Los Angeles County Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This rating indicates that the organization meets high standards of transparency and financial health. The charity received a perfect score of 100% in the Accountability & Finance category, which is a testament to its effective governance and financial practices.
The organization boasts a fully independent board, achieving top marks for board composition and oversight. Additionally, its financial practices are robust, with no material diversion of assets reported. The charity also maintains excellent transparency through its documented policies, including conflict of interest and whistleblower protections, as well as making essential financial documents readily available on its website.
One notable strength of Bioscience Los Angeles County Inc is its program expenses ratio, which stands at 72.95%. This indicates that a significant portion of its financial resources is directed toward its programs rather than administrative costs. Overall, this charity demonstrates exceptional accountability, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Bioscience Los Angeles County Inc legitimate?
Bioscience Los Angeles County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bioscience Los Angeles County Inc 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: $310,765
Professional Fundraising Fees: $0
Other Salaries and Wages: $386,434
For more financial information, click here
Official website here: www.biosciencela.org/
What is the mission statement of Bioscience Los Angeles County Inc?
Bioscience Los Angeles County Inc's mission is to establish a collaborative and well-integrated ecosystem for the Southern California life sciences cluster, encompassing sectors such as biotechnology, pharmaceuticals, medical devices, and digital health, among others. The organization aims to serve as a central point of contact for external stakeholders, connecting parties to the Los Angeles ecosystem through various roles, including convener, concierge, or visitor center. Bioscience Los Angeles County Inc facilitates the connection between stakeholders, providing information and resources, and hosts multi-stakeholder convenings to address strategic issues, potential partnerships, or new opportunities in the industry or ecosystem. The organization also acts as a bridge between the local government's bioscience initiatives and the private sector.
Official website here: www.biosciencela.org/
Who is the CEO of Bioscience Los Angeles County Inc?
Peter M Moglia is the Treasurer of Bioscience Los Angeles County Inc. The CEO's salary of Bioscience Los Angeles County Inc is $280,598 and their total compensation is $310,765.
Official website here: www.biosciencela.org/
What is the revenue of Bioscience Los Angeles County Inc?
Bioscience Los Angeles County Inc's revenue in 2022 was $749,139.
Official website here: www.biosciencela.org/
Who are the executives of Bioscience Los Angeles County Inc and what are their salaries?
The average compensation at Bioscience Los Angeles County Inc during 2022 was $116,200. There are 6 employees and 8 volunteers at Bioscience Los Angeles County Inc.
Here are 11 key members and their salaries (Bioscience Los Angeles County Inc's CEO's salary is $280,598 and their total compensation is $310,765):
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- Compensation: $280,598
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- Other: $30,167
- Compensation: $138,566
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- Other: $8,404
- Compensation: $114,341
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- Other: $7,147
Official website here: www.biosciencela.org/
Where can I find the form 990 for Bioscience Los Angeles County Inc?
Bioscience Los Angeles County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.biosciencela.org/
Learn more at the official website: www.biosciencela.org/
Mission Statement of Bioscience Los Angeles County Inc
Bioscience Los Angeles County Inc, shortened as BIOSCIENCELA, is committed to establishing a collaborative and well-coalesced ecosystem that encompasses all aspects of the Southern California life sciences cluster. This cluster includes sectors such as biotechnology, pharmaceuticals, medical devices, medical diagnostics, bioinformatics, healthcare IT, medtech, digital health, and more. BIOSCIENCELA's mission is to serve as a regional one-stop resource for external stakeholders, acting as a connector and visitor center for various parties, including investors, companies, researchers, entrepreneurs, developers, vendors, and other organizations. By doing so, BIOSCIENCELA aims to provide them with information and resources, assemble and host multi-stakeholder convenings, and act as an interface between the Los Angeles County government's bioscience initiatives and the private sector. This mission is crucial in fostering a strong and dynamic life sciences ecosystem in the region.
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Impact
July, 2024
Bioscience Los Angeles County Inc plays a crucial role in fostering a collaborative and cohesive ecosystem for the life sciences cluster in Southern California. By serving as a regional one-stop resource, BioscienceLA connects external stakeholders to the Los Angeles ecosystem, including investors, companies, researchers, entrepreneurs, and developers. This organization facilitates information sharing, resource connectivity, and the hosting of multi-stakeholder convenings to address strategic industry issues and opportunities. Additionally, BioscienceLA acts as an interface between LA County government's bioscience initiatives and the private sector, ultimately contributing to the growth and advancement of the bioscience industry in the region.
This information is meant to be a general summary of Bioscience Los Angeles County Inc. 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: $5,308
- Program Service Revenue: $221,970
- Gross Receipts: $749,139
Assets and Liabilities:
- Total Assets: $2,755,899
- Total Liabilities: $15,559
- Net Assets: $2,740,340
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS
Revenue
$147,538
SPONSORSHIPS
Revenue
$57,500
SERVICES
Revenue
$13,600
REGISTRATIONS
Revenue
$3,332
Organization Details
Founding Year
2018
Phone
(213) 784-8700Principal Officer
Peter M Moglia
Main Address
4130 OVERLAND AVE, CULVER CITY, CA, 90230
Website
www.biosciencela.org/NTEE Category
Code: U01 - Science research
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