Civic Intelligence

Bioscience Los Angeles County Inc.

990 • Fiscal year 2021 • EIN 83-2720515

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 08, 2022

4130 Overland AveCulver City, CA 90230

(213) 784-8700

Siviq Scores

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

Liabilities / Assets

45th percentile

0.05x

Higher debt load relative to assets than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.15x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

43rd percentile

8.9%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

95th percentile

$293,092

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

43rd percentile

6.0%

Faster asset growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

67%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,734,312

Up $211,590 (+6.0%) from 2020

Net Assets

Up

$3,566,040

Up $102,568 (+3.0%) from 2020

Liabilities

Up

$168,272

Up $109,022 (+184%) from 2020

Revenue

Up

$1,158,416

Up $463,373 (+67%) from 2020

Expenses

Up

$1,055,848

Up $327,089 (+45%) from 2020

Net Income

Up

$102,568

Up $136,284 (+404%) from 2020

Historical Trend

Balance Sheet Trend

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

$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

2021

Assets$3,734,312
Liabilities$168,272
Net Assets$3,566,040

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$1,158,416
Expenses$1,055,848
Net Income$102,568
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 8, 2022
Return Version
2021v4.2
Gross Receipts
$1,158,416
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,066,953$3,125,044▲ $1,058,091
Land, Buildings, and Equipment, Net$51,232$347,473▲ $296,241
Pledges and Grants Receivable$1,267,968$241,548▼ $1,026,420
Prepaid Expenses and Deferred Charges$111,591$20,247▼ $91,344
Total Assets$3,522,722$3,734,312▲ $211,590
Other Assets Total$24,978$0▼ $24,978
Liabilities
Other Liabilities$0$129,069▲ $129,069
Accounts Payable and Accrued Expenses$59,250$39,203▼ $20,047
Total Liabilities$59,250$168,272▲ $109,022
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,620,472$2,723,040▲ $102,568
Net Assets With Donor Restrictions$843,000$843,000→ $0
Total Net Assets Fund Balance$3,463,472$3,566,040▲ $102,568
Total Liabilities and Net Assets / Fund Balance$3,522,722$3,734,312▲ $211,590

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$347,473$13,306$360,779
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David WhelanCEOFT$293,092$293,092
Jessica BarnetteDirector, Ops & ProgramsFT$123,732$123,732
Sriharinarayana BatchuCommunity & Business DevelopmentFT$107,697$107,697

Board Members and Trustees

NameTitle
Susan R Windham-bannister PhdBoard Chair
Dina LozofskyDirector
Rohit ShuklaDirector
Shlomo Melmed MdDirector
Stephen J UblDirector
David PiacquadDirector (outgoing)
Harlan Levine MdSecretary
Peter M MogliaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,122,883
Program Service Revenue
$32,925
Investment Income
$1,508
Other Revenue
$1,100
All Other Contributions
$56,100
Change in Net Assets
$102,568

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$56,100Fair Market Value (FMV)
Total Noncash Contributions1$56,100-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,158,416
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,965,408
Total Revenue per Audited Statements
$4,123,824
Total Revenue per Form 990
$1,158,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$609,860
Other Expenses$424,570
Total Fundraising Expense$43,033
Grants and Similar Amounts Paid$21,418
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$214,000$59,893$19,199$293,092
Other Salaries and Wages$180,576$50,538$16,201$247,315
Fees for Services Accounting-$71,950-$71,950
Fees for Services Other$62,182-$3,000$65,182
Advertising$48,304$2,332-$50,636
Other Employee Benefits$26,548$7,890$2,646$37,084
Payroll Taxes$24,490$6,120$1,759$32,369
Depreciation Depletion$22,456$1,277-$23,733
Grants to Domestic Orgs$21,418--$21,418
Travel$14,614$121$77$14,812
Office Expenses$11,581$474-$12,055
Information Technology$6,958$4,073-$11,031
Conferences and Meetings$6,604$1,410$151$8,165
Other Expenses$1,590$6,324-$7,914
Insurance-$6,451-$6,451
Total Functional Expenses$793,962$218,853$43,033$1,055,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,136,768
Expenses per Audited Statements$1,055,848
Total Expenses per Form 990$1,055,848
Expenses Not Reported on Form 990$80,920
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Friends of GalaLos Angeles, CA501(c)(3)General Support$10,000
Biotech Connection Los Angeles (community Partners)Los Angeles, CA501(c)(3)Bcla Core Sponsorship 10/2021-10/2022$6,500
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances$129,069
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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
No

Governance Explanations

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 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 reuqests.

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
David J Whelan
Title
CEO
Phone
3109272355
Signed
2022-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter M Moglia
Formed
2018
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
5
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's processes for oversight of the audit of its financial statements and selection of an independent accountant have not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

Biosciencela is tax-exempt under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes is included in the accompanying financial statements. Biosciencela has no unrecognized tax benefits at december 31, 2021. Income tax returns filed by biosciencela are subject to examination by the internal revenue service for a period of three years. Biosciencela was initially formed in 2018, and as a result, biosciencela's federal and state returns since 2018 are open for examination. Management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.

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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/NoDonorRestrictionNetAssetsGrp/BOYAmt02620472
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02723040
IRS990/NoncashContributionsAmt056100
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0474
IRS990/OfficeExpensesGrp/ProgramServicesAmt011581
IRS990/OfficeExpensesGrp/TotalAmt012055
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024978
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02646
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07890
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt026548
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037084
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1FACILITY & EQUIPMENT
IRS990/OtherExpensesGrp/Desc2MISC EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06324
IRS990/OtherExpensesGrp/ProgramServicesAmt0109123
IRS990/OtherExpensesGrp/ProgramServicesAmt143518
IRS990/OtherExpensesGrp/ProgramServicesAmt21590
IRS990/OtherExpensesGrp/TotalAmt0109123
IRS990/OtherExpensesGrp/TotalAmt143518
IRS990/OtherExpensesGrp/TotalAmt27914
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0129069
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016201
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt050538
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0180576
IRS990/OtherSalariesAndWagesGrp/TotalAmt0247315
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01759
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06120
IRS990/PayrollTaxesGrp/ProgramServicesAmt024490
IRS990/PayrollTaxesGrp/TotalAmt032369
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01267968
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0241548
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0111591
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020247
IRS990/PrincipalOfficerNm0PETER M MOGLIA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc1REGISTRATIONS
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIPS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16196
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24000
IRS990/ProgSrvcAccomActy2Grp/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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0232079
IRS990/ProgSrvcAccomActy2Grp/GrantAmt011500
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt032925
IRS990/ProgSrvcAccomActy3Grp/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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0145161
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/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.WORKFORCE:IN 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0192902
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt05000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0693584
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt012500
IRS990/PYInvestmentIncomeAmt01459
IRS990/PYOtherExpensesAmt0370091
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-33716
IRS990/PYSalariesCompEmpBnftPaidAmt0346168
IRS990/PYTotalExpensesAmt0728759
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0695043
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0102568
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01100
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01122883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0693584
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03940000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05756467
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02608
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01459
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04073
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt032925
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03392522
IRS990ScheduleA/SubstantialContributorsTotAmt02363945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01122883
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0693584
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03940000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05756467
IRS990ScheduleA/TotalSupportAmt05760540
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt02965408
IRS990ScheduleD/DonatedServicesUseFcltsAmt080920
IRS990ScheduleD/EquipmentGrp/BookValueAmt0347473
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013306
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0360779
IRS990ScheduleD/ExpensesNotReportedAmt080920
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01055848
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0129069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCES
IRS990ScheduleD/RevenueNotReportedAmt02965408
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01158416
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BIOSCIENCELA IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. BIOSCIENCELA HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2021. INCOME TAX RETURNS FILED BY BIOSCIENCELA ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. BIOSCIENCELA WAS INITIALLY FORMED IN 2018, AND AS A RESULT, BIOSCIENCELA'S FEDERAL AND STATE RETURNS SINCE 2018 ARE OPEN FOR EXAMINATION. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0347473
IRS990ScheduleD/TotalExpensesPerForm990Amt01055848
IRS990ScheduleD/TotalLiabilityAmt0129069
IRS990ScheduleD/TotalRevenuePerForm990Amt01158416
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04123824
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01136768
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt06500
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BCLA CORE SPONSORSHIP 10/2021-10/2022
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BIOTECH CONNECTION LOS ANGELES (COMMUNITY PARTNERS)
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FRIENDS OF GALA
IRS990ScheduleI/RecipientTable/RecipientEIN0954302067
IRS990ScheduleI/RecipientTable/RecipientEIN1812014188
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02706 MEDIA CENTER DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11067 WEST BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0900651733
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd190019
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MONITORS GRANTS TO OTHER ORGANIZATIONS TO ENSURE THE GRANTS ARE USED FOR THEIR EXEMPT PURPOSE(S).
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00

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