Civic Intelligence

Bioscience Los Angeles County Inc

EIN 83-2720515 • 501(c)3 • Culver City, CA

Profile

Biosciencela's mission is to ensure that los angeles has a collaborative, well-coalesced ecosystem that encompasses all aspects of the southern california life sciences cluster - biotechnology, pharmaceuticals, medical devices, medical diagnostics, bioinformatics, healthcare it, medtech, digital health, and more.

4130 Overland AveCulver City, CA 90230

biosciencela.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

64th percentile

0.17x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.47x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-289%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

91st percentile

$209,025

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 58.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-40%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

10th percentile

-31%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$1,001,040

Down $1,754,859 (-64%) from 2022

Liabilities

Up

$169,426

Up $153,867 (+989%) from 2022

Net Assets

Down

$831,614

Down $1,908,726 (-70%) from 2022

Operations
Liabilities / Revenue80th percentileNet Margin1st percentile

Revenue

Down

$360,182

Down $388,957 (-52%) from 2022

Expenses

Down

$1,400,788

Down $174,051 (-11%) from 2022

Net Income

Down

-$1,040,606

Down $214,906 (-26%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth4th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $3,531,979Liabilities 2019: $34,791Net Assets 2019: $3,497,1882019Assets 2020: $3,522,722Liabilities 2020: $59,250Net Assets 2020: $3,463,4722020Assets 2021: $3,734,312Liabilities 2021: $168,272Net Assets 2021: $3,566,0402021Assets 2022: $2,755,899Liabilities 2022: $15,559Net Assets 2022: $2,740,3402022Assets 2024: $1,001,040Liabilities 2024: $169,426Net Assets 2024: $831,6142024

Highlighted filing

2024

Assets$1,001,040
Liabilities$169,426
Net Assets$831,614
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2019: $3,940,006Expenses 2019: $442,818Net Income 2019: $3,497,1882019Revenue 2020: $695,043Expenses 2020: $728,759Net Income 2020: -$33,7162020Revenue 2021: $1,158,416Expenses 2021: $1,055,848Net Income 2021: $102,5682021Revenue 2022: $749,139Expenses 2022: $1,574,839Net Income 2022: -$825,7002022Revenue 2024: $360,182Expenses 2024: $1,400,788Net Income 2024: -$1,040,6062024

Highlighted filing

2024

Revenue$360,182
Expenses$1,400,788
Net Income-$1,040,606
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,001,040
Liabilities
$169,426
Net assets
$831,614
Revenue
$360,182
Expenses
$1,400,788
Net income
-$1,040,606
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.17$0.83$0.36$1.40$1.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.02$2.74$0.75$1.57$0.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$0.17$3.57$1.16$1.06$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$0.06$3.46$0.70$0.73$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.03$3.50$3.94$0.44$3.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$360,182
Mission and Program Overview

Mission

Biosciencela's mission is to ensure that los angeles has a collaborative, well-coalesced ecosystem that encompasses all aspects of the southern california life sciences cluster - biotechnology, pharmaceuticals, medical devices, medical diagnostics, bioinformatics, healthcare it, medtech, digital health, and more.

Biosciencela's mission is to ensure that los angeles has a collaborative, well-coalesced ecosystem that encompasses all aspects of the southern california life sciences cluster - biotechnology, pharmaceuticals, medical devices, medicaldiagnostics, bioinformatics, healthcare it, medtech, digital health, and more.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$752,879$660,529▼ $92,350
Cash and Non-Interest-Bearing Accounts$1,064,347$316,929▼ $747,418
Prepaid Expenses and Deferred Charges$23,987$16,459▼ $7,528
Pledges and Grants Receivable$91,347$4,277▼ $87,070
Intangible Assets$3,747$2,846▼ $901
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$1,936,308$1,001,040▼ $935,268
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$64,088$169,425▲ $105,337
Other Liabilities-$1-
Total Liabilities$64,088$169,426▲ $105,338
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,872,220$831,614▼ $1,040,606
Total Net Assets Fund Balance$1,872,220$831,614▼ $1,040,606
Total Liabilities and Net Assets / Fund Balance$1,936,308$1,001,040▼ $935,268

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$518,581$73,766$592,347
Equipment$93,153$152,445$245,598
Other Land Buildings$48,795$52,054$100,849
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie HsiehCEOFT$209,025-$209,025
David WhelanCEOFT$119,178$7,364$126,542
Jessica BarnetteDirectors, Ops &prFT$91,380$4,353$95,733
Arati Desai WagabazaCOOPT$84,314-$84,314
Alejandra D ArzolaManagerFT$59,053$5,921$64,974
Karina I MontesStaff-$41,764$13,168$54,932
Sriharinarayana BatchuCommunity & BusineFT$31,094$566$31,660
Jill VanCFOPT$26,250-$26,250
Michael HsiehCFOPT$17,831-$17,831

Board Members and Trustees

NameTitle
Susan R Windham-bannister PhdChairman
Dina LozofskyDirector
Jessica DrogeDirector
Kelly LobiancoDirector
Rohit ShuklaDirector
Shlomo Melmed MdDirector
Stephen J UblDirector
Harlan Levine MdSecretary
Peter M MogliaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Waban Advisors INCBusiness Consulting1726 SAINT ALBANS ROAD, San Marino, CA 91108$188,192
Revenue and Support

Revenue Composition

Contributions and Grants
$68,037
Program Service Revenue
$143,381
Investment Income
$12,818
Other Revenue
$135,946
All Other Contributions
$25,000
Change in Net Assets
$-1,040,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$863,081
Other Expenses$537,707
Total Fundraising Expense$77,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$10,743$346,555$19,000$376,298
Other Salaries and Wages$63,000$279,997-$342,997
Fees for Services Other$84,193$2,906$29,363$116,462
Depreciation Depletion$101,416$1,440-$102,856
Advertising$90,868$1,454$3,750$96,072
Other Employee Benefits$18,260$37,832-$56,092
Comp Disqual Persons$22,494$2,565$24,134$49,193
Information Technology$31,326$8,301$109$39,736
Fees for Services Accounting-$39,327-$39,327
Payroll Taxes$4,708$22,581-$27,289
Conferences and Meetings$13,807$4,414$74$18,295
Other Expenses$14,919$3,398-$14,919
Occupancy$14,846--$14,846
Pension Plan Contributions-$11,212-$11,212
Insurance-$7,390-$7,390
Office Expenses$4,235$2,102-$6,337
Travel$3,850$1,526$614$5,990
Total Functional Expenses$550,744$773,000$77,044$1,400,788
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Stephanie HsiehOFFICER'S FAMILYInterim CEO CompensationNo$209,025
Michael HsiehOFFICER'S FAMILYInterim CFO CompensationNo$17,831

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Ceo function is delegated to waban advisors, inc. Cfo function is delegated to michael hsieh.”

Form 990, Part VI, Section A, Line 4

“THE ORGANIZATION HAS UPDATED ITS MISSION STATEMENT TO Bioscience Los Angeles County or BioscienceLA was formed in 2018 to create, enable, and promote an enviable, thriving, and vibrant life sciences ecosystem in Greater Los Angeles to produce economic and societal benefits in the region.THE GOVERNANCE DOCUMENT ALSO UPDATE THE UPPPER LIMIT OF NUMBER OF BOARD MEMBERS.”

Form 990, Part VI, Section B, Line 11B

“Once the 990 is drafted by the cpa firm, the 990 is reviewed internally and then submitted to the board for review.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Form 990, Part VI, Section B, Line 11B

“Once the 990 is drafted by the cpa firm, the 990 is reveiwed internally and then submitted to the board for review.”

Form 990, Part VI, Section B, Line 12C

“The board is asked annually to report on conflicts, if any, as per policy stated in the bylaws.”

Form 990, Part VI, Section C, Line 19

“Biosciencela makes its governing documents, conflict of interest policy, and financial statements available to the public upon requests.”

Filing and Contact Details

Filer

Filer Name
Bioscience Los Angeles County Inc
EIN
83-2720515
Phone
2137848700
Address
4130 OVERLAND AVE, CULVER CITY, CA 90230

Signing Officer

Name
Stephanie Hsieh
Title
CEO
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
8
Employees
5
Volunteers
8

Preparer

Firm
Chan & Chen Llp
Address
2366 Huntington Dr, San Marino, CA 91108
Preparer
Homer Chan
Phone
6265728930
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 84,193. Management and general expenses 2,906. Fundraising expenses 29,363. Total expenses 116,462”

Financial Statement Notes

Part X : FIN48 Footnote

“Part x, line 2: biosciencela is tax exempt under internal revenue code section 501(c)(3)and is required to operate in conformity with the internal revenue code to maintain this qualification. Biosciencela has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus;and to identify and evaluate other matters that may be considered tax positions.accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service or other applicable taxing authorities. Management has analyzed the tax positionstaken by biosciencela and has determined that as of december 31,2022,there were no material uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. Generally, tax years from december 31,2019 through the current year remain open to examination by the internal revenue service. Biosciencela does not believe that the results from any examination of these open years would have a material adverse effect on biosciencela.”

Raw XML AppendixShowing 400 of 595 raw XML fields

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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IRS990/Desc0REGIONAL ONE-STOP RESOURCE:BIOSCIENCELA WILL SERVE AS AN INDEPENDENT FOCAL POINT FOR CONNECTIVITY TO THE REGION BY EXTERNAL STAKEHOLDERS. BIOSCIENCELA WILL BE A PLACE WHERE PARTIES CAN CONNECT TO THE LOS ANGELES ECOSYSTEM, WHETHER AS CONVENER, CONCIERGE OR VISITOR CENTER. VISITING INVESTORS, COMPANIES,RESEARCHERS, ENTREPRENEURS, DEVELOPERS, VENDORS, AND OTHER ORGANIZATIONS WILL BE ABLE TO FIND INFORMATION AND CONNECT TO RESOURCES VIA BIOSCIENCELA. WE WILL ALSO ASSEMBLE AND HOST MULTI-STAKEHOLDER CONVENINGS THAT ADDRESS STRATEGIC ISSUES, POTENTIAL PARTNERSHIPS, OR NEW OPPORTUNITIES FACING THE INDUSTRY OR THE ECOSYSTEM. BIOSCIENCELA WILL ALSO ACT AS AN INTERFACE BETWEEN LA COUNTY GOVERNMENT'S BIOSCIENCE INITIATIVES AND THE PRIVATE SECTOR.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt6COMMUNITY & BUSINE
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
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IRS990/MissionDesc0BIOSCIENCE LOS ANGELES COUNTY OR BIOSCIENCELA WAS FORMED IN 2018 TO CREATE, ENABLE, AND PROMOTE AN ENVIABLE, THRIVING, AND VIBRANT LIFE SCIENCES ECOSYSTEM IN GREATER LOS ANGELES TO PRODUCE ECONOMIC AND SOCIETAL BENEFITS IN THE REGION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0BRANDING & COMMUNICATIONS: IN PARTNERSHIP WITH OTHER STAKEHOLDERS, BIOSCIENCELA WILL HELP TELL LOS ANGELES' LIFE SCIENCES STORY TO THE WORLD. FROM ITS WORLD-CLASS RESEARCH AND ENTREPRENEURIAL CULTURE TO ITS GROWING COMMERCIAL SUCCESSES, THE REGION WILL INTENTIONALLY BUILD A LIFE SCIENCES BRAND FOR LA AS AN INTERNATIONAL INNOVATION HUB. INVESTMENTS WILL BE MADE IN: DEVELOPING AND COMMUNICATING AN IDENTITY; CELEBRATING NEW DISCOVERIES, ENTREPRENEURS, AND PARTNERSHIPS; AND CALLING OUT THE REGION'S MANY INDIGENOUS LIFE SCIENCE ASSETS ACROSS A LARGE AND DIVERSE GEOGRAPHY.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt025000
IRS990/ProgSrvcAccomActy3Grp/Desc0START-UP ACTIVITY:BIOSCIENCELA WILL DEPLOY SELECTED FUNDS, CAPABILITIES, TALENTS, AND RESOURCES TO ACCELERATE THE PACE OF LOCAL COMMERCIAL LIFE SCIENCES ACTIVITY, FOCUSING ESPECIALLY ON THE GROWTH AND RETENTION OF START-UP COMPANIES. WE WILL DO SO BY SUPPORTING: NEW CAPITAL FORMATION AND DEPLOYMENT TARGETING EARLY-STAGE COMPANIES; NEW COMMERCIAL LAB SPACE; INCUBATING, ACCELERATING AND COWORKING SPACES, AND OTHER INFRASTRUCTURE TO SERVE A CONSTELLATION OF THRIVING RESEARCH HUBS ACROSS THE REGION. BIOSCIENCELA ALSO WILL SUPPORT THE NETWORKING OF LOCAL ENTREPRENEURS, SCIENTISTS, MENTORS, CONSULTANTS, INVESTORS, AND OTHER PROFESSIONALS TO BETTER CONNECT SEASONED TALENT AND COACHING TO EMERGING ENTERPRISES.WORKFORCES ADDITION TO GROWING THE POOL OF EXECUTIVE AND OPERATING TALENT FOR START-UPS, BIOSCIENCELA WILL BETTER ALIGN THE PUBLIC SECTOR'S WORKFORCE INVESTMENTS TO STAKEHOLDER NEEDS. BIOSCIENCELA WILL TAILOR REGIONAL WORKFORCE RESOURCES TO INDUSTRY REQUIREMENTS AND LEVERAGE THOSE RESOURCES WITH PRIVATE FUNDS AND EXPERTISE. BIOSCIENCELA MAY FUND PROGRAMS THAT INCREASE THE STEM PIPELINE, GIVE LOCAL STUDENTS DIRECT EXPOSURE TO ENTREPRENEURSHIP, AND ADD DIVERSITY TO THE LIFE SCIENCES SECTOR.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt043037
IRS990/ProgSrvcAccomActyOtherGrp/Desc0REGIONAL COLLABORATION:BIOSCIENCELA WILL FACILITATE THE FORMATION AND EXECUTION OF A SHARED VISION, STRATEGY, AND A HIGH LEVEL OF ENGAGEMENT AMONG GOVERNMENT, INDUSTRY, ACADEMIA, START-UPS, AND THE INVESTMENT COMMUNITY OF SOUTHERN CALIFORNIA. WE WILL HELP ESTABLISH A WELL-COALESCED ECOSYSTEM VIA FACILITATION, EVENTS, ENGAGEMENT, AND DELIVERY OF COORDINATING GRANTS, INVESTMENTS, AND INCENTIVES TO LOS ANGELES COUNTY STAKEHOLDERS. WE WILL ENGAGE THE REGION'S FAMILY OFFICES AND ANGEL NETWORKS TO INTEGRATE THEM INTO LIFE SCIENCES INVESTMENT OPPORTUNITIES. WE WILL HELP COMPANIES NAVIGATE THE TECH TRANSFER AND COMMERCIALIZATION PATHWAYS IN THE REGION.BIOSCIENCELA WILL ALSO PARTICIPATE AND REINFORCE EXISTING COLLABORATIONS OF COUNTYWIDE BENEFIT IN SUPPORT OF OUR VALUED STAKEHOLDERS.
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IRS990/PYOtherExpensesAmt0813468
IRS990/PYOtherRevenueAmt091640

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