Nonprofit · EIN 81-1211857
LA BIOTECH CENTER
Tax-exempt · TORRANCE, CA 90501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $400,879 | $331,253 | $69,626 | $413,919 | $296,762 | $117,157 |
| December 31, 2023 | 990 | $380,373 | $426,137 | -$45,764 | $251,739 | $204,207 | $47,532 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $400,879
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,667
- Other salaries and wages
- $70,000
- Salaries, compensation and benefits (total)
- $148,764
- Professional fundraising fees
- $0
- Accounting fees
- $4,500
- Occupancy
- $85,773
- Travel
- $3,227
- Depreciation
- $31,035
- Program services (functional)
- $275,424
- Management and general (functional)
- $51,710
- Fundraising (functional)
- $4,120
Balance sheet and other
- Total assets, start of year
- $251,739
- Total assets, end of year
- $413,919
- Total liabilities, end of year
- $296,762
- Net assets, end of year
- $117,157
- Land, buildings and equipment
- $51,732
- Net assets without donor restrictions
- $117,158
- Gross receipts
- $400,879
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR VICTORIA FOX | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $66,667 |
| DR MARTIN PERA | DIRECTOR Trustee or director | 1 | $0 |
| DR THOMAS ZWAKA | DIRECTOR Trustee or director | 1 | $0 |
| DR PAMELA EVERSOLE-CIRE | DIRECTOR Trustee or director | 1 | $0 |
| MARK CERVI CPA | TREASURER AND CFO Trustee or director, Officer | 4 | $0 |
| JOSEF BOBEK III | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR VICTORIA FOX | EXECUTIVE DIRECTOR Trustee or director, Officer | 50 | $120,000 |
| EXECUTIVE DIRECTOR | DIRECTOR Trustee or director | 1 | $0 |
| DR THOMAS ZWAKA | DIRECTOR Trustee or director | 1 | $0 |
| DR PAMELA EVERSOLE-CIRE | DIRECTOR Trustee or director | 1 | $0 |
| MARK CERVI CPA | TREASURER AND CFO Trustee or director, Officer | 4 | $0 |
| JOSEF BOBEK III | TREASURER AND CFO Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 370 AMAPOLA AVE UNIT 100/101, TORRANCE, CA 90501-1475
- In care of
- % MARK A CERVI
- Principal officer (990 for 2024)
- Mark A Cervi, 370 AMAPOLA AVE, STE 100, TORRANCE, CA 90501
- Signed the 990
- Mark Cervi, Treasurer
- Phone
- (310) 283-1258
Mission
The organization offers real world training in bioscience skills to students and early career scientists through hand on courses involving stem cells. The organization also supports public education and outreach and provides career guidance to students who are interested in bioscience careers. The organization also provides research support and access to share laboratory facilities.
Program accomplishments
- The program is comprised of multiple independent courses; professional college high school and middle school. We ran four professional courses benefiting 12 students five college courses benefitting 51 students eight high school courses benefitting 61 students and seven middle school courses benefitting 59 studentsExpenses $221,435 · revenue $273,128
- The program as a research support service for scientist in academia and industry. We served four clients primarily providing shared lab space and lab equipment and providing support for the acquisition of data for research publications and patents.Expenses $53,989 · revenue $127,151
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-1211857
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $413,919
- Income (IRS master file)
- $400,879
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $400,879 | $331,253 | $413,919 | XML |
| 990 | December 2023 | $380,373 | $426,137 | $251,739 | XML |
| 990 | December 2022 | $348,017 | $428,028 | $344,450 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about LA BIOTECH CENTER
- What is the EIN of LA BIOTECH CENTER?
- The employer identification number (EIN) of LA BIOTECH CENTER is 81-1211857.
- Is LA BIOTECH CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to LA BIOTECH CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LA BIOTECH CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LA BIOTECH CENTER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LA BIOTECH CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LA BIOTECH CENTER?
- The 990 for the year ended December 31, 2024 names Mark A Cervi.
- Who are the officers and directors of LA BIOTECH CENTER?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $66,667 (DR VICTORIA FOX, EXECUTIVE DIRECTOR).
- How much revenue does LA BIOTECH CENTER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $400,879, expenses of $331,253 and total assets of $413,919 at year end.
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