2024-11-14T16:51:35-08:00 2023-12-31 474838330 CHAN & CHEN LLP 1103 S San Gabriel Blvd Suite E F San Gabriel CA 91776 990 2023-01-01 832720515 BIOSCIENCE LOS ANGELES COUNTY INC BIOS 2137848700 4130 OVERLAND AVE CULVER CITY CA 90230 STEPHANIE HSIEH CEO 2024-11-14 true true HOMER CHAN P00107482 6265728930 2023 2024-10-15 13:58:12Z 4130 OVERLAND AVE CULVER CITY CA 90230 898131 false X HTTP://BIOSCIENCELA.ORG/ X 2018 CA 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. 8 8 6 8 0 486166 433096 221970 337703 5308 35692 35695 91640 749139 898131 23900 8000 0 784314 944783 0 85798 766625 813468 1574839 1766251 -825700 -868120 2755899 1936308 15559 64088 2740340 1872220 X 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. false false 552364 30000 START-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. 450681 235963 REGIONAL 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. 239113 27850 BRANDING & 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. 201091 8000 32500 1443249 true false false false false false false false false false true false false false false true false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 0 0 false 6 true false false false false false false false 0 false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true false false false CA X X BIOSCIENCE LOS ANGELES COUNTY 2137848700 4130 OVERLAND AVE CULVER CITY CA 90230 DAVID WHELAN CEO 40.00 0.00 X 278060 0 32806 JESSICA BARNETTE DIRECTORS, OPS &PR 40.00 0.00 144395 0 8966 SRIHARINARAYANA BATCHU COMMUNITY & BUSINE 40.00 0.00 125612 0 7655 DINA LOZOFSKY Director 1.00 0.00 X 0 0 0 HARLAN LEVINE MD Secretary 1.00 0.00 X X 0 0 0 JESSICA DROGE Director 1.00 0.00 X 0 0 0 PETER M MOGLIA Treasurer 5.00 0.00 X X 0 0 0 ROHIT SHUKLA Director 0.00 0.00 X 0 0 0 SHLOMO MELMED MD Director 1.00 0.00 X 0 0 0 STEPHEN J UBL Director 1.00 0.00 X 0 0 0 SUSAN R WINDHAM-BANNISTER PHD Chairman 1.00 0.00 X X 0 0 0 548067 49427 3 false true false 0 183096 250000 433096 IN KIND CONTRIBUTION 900099 124030 124030 MEMBERSHIPS 900099 100413 100413 REGISTRATIONS 900099 1410 1410 SERVICES 900099 27850 27850 SPONSORSHIPS 900099 84000 84000 337703 35692 35692 0 0 91640 91640 91640 91640 0 0 0 0 0 898131 429343 35692 8000 8000 0 0 0 124829 113329 11500 7754 7754 675439 509843 109634 55962 23093 16530 4325 2238 69495 53477 10893 5125 44173 34614 6447 3112 0 0 64395 64395 0 0 0 97259 87364 3895 6000 58480 58480 23493 23113 380 44168 37943 6112 113 0 11611 11611 31073 28385 2587 101 0 62591 46847 15544 200 0 0 92806 91507 1299 7138 7138 Program Expenses 184466 184466 IN KIND PROFESSIONAL SERVICES 103030 103030 Facility & Equipment 22552 22552 All other expenses 10406 4404 4555 1447 0 1766251 1443249 237204 85798 2077649 1064347 0 141850 91347 0 0 0 0 0 19343 23987 929189 176310 516609 752879 0 0 0 448 3747 1 2755899 1936308 15496 64088 63 15559 64088 X 2636390 1872220 103950 2740340 1872220 2755899 1936308 -868120 X false true X true false X 3940000 693584 1122883 486166 433096 6675729 0 0 3940000 693584 1122883 486166 433096 6675729 0 6675729 6 1459 2608 41003 35692 80768 0 0 6756497 457567 0.98800 X 592347 34255 558092 235993 104940 131053 100849 37115 63734 752879 X 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. true BIOTECH CONNECTION LOS ANGELE 2706 MEDIA CENTER DRIVE LOS ANGELES CA 90065 954302067 501(C)(3) 6000 0 EVENT SPONSORSHIP 2 0 X X false false false false false false false false false DAVID WHELAN CEO 278060 32806 310866 JESSICA BARNETTE DIRECTORS, OPS &PR 144395 8966 153361 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: START-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. 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 IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 87,364. MANAGEMENT AND GENERAL EXPENSES 3,895. FUNDRAISING EXPENSES 6,000. TOTAL EXPENSES 97,259 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.