Civic Intelligence

Los Angeles Bioscience Hub

990EZ • Fiscal year 2016 • EIN 47-2185490

Jan 01, 2016 to Dec 31, 2016 • Filed on May 12, 2017

448 South Hill St Ste 618Los Angeles, CA 90013

(213) 612-4545

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.18x

Higher debt load relative to assets than 81% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

1.99x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

1st percentile

-1206%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

9th percentile

-49%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-97%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$224,688

Down $217,340 (-49%) from 2015

Net Assets

Down

$184,511

Down $243,687 (-57%) from 2015

Liabilities

Up

$40,177

Up $26,347 (+191%) from 2015

Revenue

Down

$20,200

Down $582,110 (-97%) from 2015

Expenses

Up

$263,887

Up $89,775 (+52%) from 2015

Net Income

Down

-$243,687

Down $671,885 (-157%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2015: $442,028Liabilities 2015: $13,830Net Assets 2015: $428,1982015Assets 2016: $224,688Liabilities 2016: $40,177Net Assets 2016: $184,5112016Assets 2017: $75,160Liabilities 2017: $14,024Net Assets 2017: $61,1362017Assets 2018: $107,285Liabilities 2018: $31,540Net Assets 2018: $75,7452018Assets 2019: $32,562Liabilities 2019: $6,379Net Assets 2019: $26,1832019Assets 2020: $18,720Liabilities 2020: $0Net Assets 2020: $18,7202020Assets 2021: $19,703Liabilities 2021: $0Net Assets 2021: $19,7032021

Highlighted filing

2016

Assets$224,688
Liabilities$40,177
Net Assets$184,511

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $602,310Expenses 2015: $174,112Net Income 2015: $428,1982015Revenue 2016: $20,200Expenses 2016: $263,887Net Income 2016: -$243,6872016Revenue 2017: $37,130Expenses 2017: $160,505Net Income 2017: -$123,3752017Revenue 2018: $167,496Expenses 2018: $152,887Net Income 2018: $14,6092018Revenue 2019: $130,742Expenses 2019: $180,304Net Income 2019: -$49,5622019Revenue 2020: $51,350Expenses 2020: $58,813Net Income 2020: -$7,4632020Revenue 2021: $1,008Expenses 2021: $25Net Income 2021: $9832021

Highlighted filing

2016

Revenue$20,200
Expenses$263,887
Net Income-$243,687
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$20,200
Mission and Program Overview

Mission

LA Bioscience Hub supports development and growth of bioscience related research, development and manufacturing enterprises in East Los Angeles. LA Bioscience Hub brands and promotes an LA Bioscience Corridor to attract public and private investments into the area.

The LA Bioscience Hub will support the development and growth of bioscience related research, development and manufacturing enterprises in East Los Angeles. It will brand and promote an LA Bioscience Corridor in order to attract public and private investments into the area.

Program Services

DescriptionGrantsExpenses
LABH has accomplished the following in 2016: Launching Biotech Leaders Academy with a pilot program. Catalyzing the transformation of an underutilized warehouse employing 5 people into a biotech innovation space that could house 20 growing companies. Conducting a property survey and business owner interviews in 2016 in the LA Bioscience Corridor to better understand stakeholders vision for public/private investment and improvements within the Corridor. Facilitating a successful US EDA Grant for $500,000 to Cal State LA by bridging communications and relationships between our public and academic partners. Strengthening and growing the industrys local ecosystem through organizing interdisciplinary and cross-sector expert panels, real estate tours, and networking mixers. Partner organizations for select events include: La Kretz Innovation Center; Urban Land Institute; Biotech Connection Los Angeles; LA BioSpace at Cal State LA; Cal State Los Angeles; Grifols (a major international blood plasma company); and USC Keck School of Medicine. The following were our objectives and accomplishments for Biotech Leaders Academy 2016: -Design innovative program: built out a well-rounded program to accomplish the program goals in the Spring, learning from programs in other industries and challenges our partners shared with us. -Introduce students to the pathway of starting a biotech company: well-rounded curriculum and guest speakers. -Connect students to industry leaders: students met them during the interview process, meetings and events at their internships, entrepreneurship session guest speakers, and at the end of summer event. -Provide career exploration for students: guest speakers with diverse roles in the industry and career pathways. -Show companies the talent that community colleges offer: selecting well-qualified students; creating a good interview process for companies. -Engage biotech companies: extensive outreach. -Help students further their academic and professional careers: guest speakers; internship placements; professional development curriculum.$233,097-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alfred Fraijo JrChairman-$0--
Ben StapletonTreasurer-$0--
Howard XuSecretary-$0--
Ahmed EnanyPresident & CEO-$0--
Kelli BernardDirector-$0--
Tom De SimonePresident & CEO-$0--
Laura M RamirezVice President-$0--
Filing and Contact Details

Filer

Filer Name
Los Angeles Bioscience Hub
EIN
47-2185490
Phone
2136124545
Address
448 South Hill St Ste 618, Los Angeles, CA 90013

Signing Officer

Name
Cecilia Estolano
Title
Executive Director
Signed
2017-05-12
Discuss with paid preparer
Yes

Preparer

Firm
JZ CPAs Inc
Address
5072 E Atherton Street, Long Beach, CA 90815
Preparer
Jinhong Zhang CPA
Phone
3108660685
Supplemental Narrative

Additional Explanations

Other Expenses.1005

Travel $656

Other Expenses.1007

Conferences, Conventions, and Meetings $1323

Other Expenses.1012

Insurance $1783

Other Expenses.1

Grants to individuals $50087

Other Expenses.2

Grants to other organizations $11000

Other Expenses.3

Donated Good and Services $8700

Other Expenses.4

Website and IT infrastructure $732

Other Expenses.5

Supplies $499

Other Expenses.6

Facility and Equipment Expense $289

Other Expenses.8

Business Expenses $95

Other Expenses.9

Bank Fee $46

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $13830 Accounts Payable and Accrued Expenses - Ending $40177

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/TaxYr02016

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