Overview
What is Bay Area Bioscience Center?
The Bay Area Bioscience Center, operating under the name California Life Sciences Institute (CLSI), is a nonprofit organization situated in South San Francisco, California. Their primary mission is to uphold California's leading role in life sciences innovation. They accomplish this through various entrepreneurship programs, aiming to support emerging life sciences companies and entrepreneurs. Key initiatives include the Expert Network and the Fast Advisory Program, which provide strategic, operational, and financial resources and insights to help these companies succeed. Their target audience includes life sciences entrepreneurs, venture capitalists, angel investors, service providers, and industry experts. The organization's goal is to foster innovation, drive advancements in science education, and promote career development in the life sciences sector.
Official website here: www.califesciencesinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
The Bay Area Bioscience Center, operating as the California Life Sciences Institute, has earned a Three-Star rating based on its 77% score, primarily reflecting its Accountability & Finance performance. The organization has a solid program expense ratio of 74.50%, indicating that a significant portion of its resources is directed towards its mission-focused activities. Additionally, the organization has a good liability to assets ratio of 21.67%, suggesting it maintains a healthy balance between its debts and assets.
However, the Institute has some challenges regarding board governance, with only 20% of its board members being independent, which may raise concerns about oversight and conflict of interest. While the charity has established important policies such as conflict of interest and whistleblower protections, it received points deductions for the lack of transparency in posting its tax forms on its website, which could be an area for improvement.
Overall, the California Life Sciences Institute demonstrates accountability in its financial practices and adheres to key governance policies, but it could enhance its credibility and effectiveness by increasing board independence and improving transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Area Bioscience Center legitimate?
Bay Area Bioscience Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Area Bioscience Center 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.califesciencesinstitute.org
What is the mission statement of Bay Area Bioscience Center?
The Bay Area Bioscience Center, operating under the name California Life Sciences Institute, strives to maintain California's preeminence in life sciences innovation. They achieve this mission by fostering entrepreneurship, promoting science education, and facilitating life science career development. The institution supports emerging life sciences entrepreneurs by connecting them with essential strategic, operational, and financial resources and insights through programs such as the Expert Network and the Fast Advisory Program. Their target audience includes life sciences entrepreneurs, venture capitalists, angels, service providers, and industry experts, all of whom contribute their expertise to aid the success of emerging companies.
Official website here: www.califesciencesinstitute.org
Who is the CEO of Bay Area Bioscience Center?
Marcus Fields is the Director of Bay Area Bioscience Center. The CEO's salary of Bay Area Bioscience Center is $0 and their total compensation is $114,755.
Official website here: www.califesciencesinstitute.org
What is the revenue of Bay Area Bioscience Center?
Bay Area Bioscience Center's revenue in 2022 was $479,082.
Official website here: www.califesciencesinstitute.org
Who are the executives of Bay Area Bioscience Center and what are their salaries?
There 2 volunteers at Bay Area Bioscience Center.
Here are 5 key members and their salaries (Bay Area Bioscience Center's CEO's salary is $0 and their total compensation is $114,755):
- Compensation: $0
- Related: $740,574
- Other: $45,033
- Compensation: $0
- Related: $303,951
- Other: $9,875
- Compensation: $0
- Related: $103,913
- Other: $10,842
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.califesciencesinstitute.org
Where can I find the form 990 for Bay Area Bioscience Center?
Bay Area Bioscience Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.califesciencesinstitute.org
Learn more at the official website: www.califesciencesinstitute.org
Mission Statement of Bay Area Bioscience Center
Bay Area Bioscience Center dba California Life Sciences Institute maintains California's leadership in life sciences innovation by supporting entrepreneurship, science education, and life science career development. The organization achieves this mission through the California Life Sciences Institute, which connects life sciences entrepreneurs with the strategic, operational, and financial resources they need to succeed. Key activities include the Expert Network and the Fast Advisory Program, which cater to life sciences entrepreneurs, venture capitalists, angels, service providers, and industry experts who offer essential expertise to emerging companies. The California Life Sciences Institute aims to foster a thriving life sciences ecosystem in California, empowering innovators to drive groundbreaking advancements in the field.
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Impact
July, 2024
Bay Area Bioscience Center, doing business as California Life Sciences Institute, plays a crucial role in maintaining California's leadership in life sciences innovation. Through its entrepreneurship programs, the organization connects life sciences entrepreneurs with the resources and insights they need to succeed, fostering a supportive ecosystem for innovation in the industry. By targeting entrepreneurs, venture capitalists, angels, service providers, and industry experts, CLSI contributes to the growth and success of California's entrepreneurial life science companies.
This information is meant to be a general summary of Bay Area Bioscience Center. 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: $4
- Program Service Revenue: $454,078
- Gross Receipts: $479,082
Assets and Liabilities:
- Total Assets: $357,853
- Total Liabilities: $77,560
- Net Assets: $280,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTREPRENEURSHIP
Revenue
$224,135
LIFE SCIENCE EDUCATION
Revenue
$206,150
WORKFORCE DEVELOPMENT
Revenue
$23,793
Organization Details
Founding Year
1990
Phone
(650) 871-3250Principal Officer
Marcus Fields
Main Address
685 GATEWAY BLVD 100, SOUTH SAN FRANCISCO, CA, 94080
NTEE Category
Code: Z99Z - Unknown
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