Civic Intelligence

Los Angeles Bioscience Hub

990EZ • Fiscal year 2019 • EIN 47-2185490

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 20, 2020

5370 Alhambra AvenueLos Angeles, CA 90032

(213) 545-8487

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.20x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

10th percentile

-38%

Higher net margin than 10% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

5th percentile

-70%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-22%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$32,562

Down $74,723 (-70%) from 2018

Net Assets

Down

$26,183

Down $49,562 (-65%) from 2018

Liabilities

Down

$6,379

Down $25,161 (-80%) from 2018

Revenue

Down

$130,742

Down $36,754 (-22%) from 2018

Expenses

Up

$180,304

Up $27,417 (+18%) from 2018

Net Income

Down

-$49,562

Down $64,171 (-439%) from 2018

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

2019

Assets$32,562
Liabilities$6,379
Net Assets$26,183

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

2019

Revenue$130,742
Expenses$180,304
Net Income-$49,562
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 20, 2020
Return Version
2019v5.0
Gross Receipts
$130,742
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.

Program Services

DescriptionGrantsExpenses
LA Bioscience Hub Accomplishments: -Increased the number of diverse candidates in the bioscience economy. Since 2016, Biotech Leaders Academy has accepted 48 students and connected them to paid internships at biotech companies and provided bio-entrepreneurship training. -Published Employer Guide to Hosting Life Science Interns, our detailed blueprint for companies on how to implement a successful internship that offers young people experience in the biosciences. -Opened the LABH office at HATCHlabs in the LA Bioscience Corridor -Participated in monthly Health Innovation Community Partnership meetings to understand community stakeholders vision for public/private investment and improvements within the LA Bioscience Corridor -Strengthened bioscience ecosystem on LAs Eastside with panels, lectures, and networking mixers -Catalyzed the conversion of a 3-employee warehouse into a biotech innovation lab for ten startups with 40+ employees -Facilitated a successful US EDA Grant for $500,000 to Cal State LA by bridging communication between our public and academic partners -Convened East LA College, Cal Poly Pomona, and Studio MLA (landscape design firm) to create a collaborative landscape architecture course with the LA Bioscience Corridor as the case study. Through our idea, a young Adjunct Professor at East LA College become a Cal Poly Lecturer and East LA College students connected with Cal Poly students, helping them better picture their future as transfer students.$171,142$51,934
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alfred Fraijo JrChairman-$0--
Howard XuSecretary-$0--
Tom De SimoneTreasurer-$0--
Laura M RamirezDirector-$0--
Howard KozloffDirector-$0--
Filing and Contact Details

Filer

Filer Name
Los Angeles Bioscience Hub
EIN
47-2185490
Phone
2135458487
Address
5370 Alhambra Avenue, Los Angeles, CA 90032

Signing Officer

Name
Yordanos Gebretatios
Title
Executive Director
Signed
2020-04-20
Discuss with paid preparer
Yes

Preparer

Firm
HZ CPAs & Advisors PC
Address
9022 Dartmouth Way, Buena Park, CA 90620
Preparer
Jinhong Zhang CPA
Phone
9493970189
Supplemental Narrative

Additional Explanations

Other Expenses.1005

Travel $111

Other Expenses.1007

Conferences, Conventions, and Meetings $341

Other Expenses.1012

Insurance $2299

Other Expenses.1

Grant to individuals $49434

Other Expenses.2

Donated goods and services $7175

Other Expenses.3

Grant to other organizations $5000

Other Expenses.4

Others $5000

Other Expenses.5

Fundrasing $1725

Other Expenses.6

Website $1602

Other Expenses.8

Supplies $177

Other Expenses.9

Bank fees $54

Other Expenses.10

Organization fees $50

Other Assets.1005

Accounts Receivable - Beginning $500 Accounts Receivable - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $31540 Accounts Payable and Accrued Expenses - Ending $6379

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