NonprofitsBioscience Los Angeles County Inc

Science & Technology

Bioscience Los Angeles County Inc

CULVER CITY, CA

Total revenue

$360K

Total expenses

$1.4M

Net assets

$832K

Grants received

$515K

3 grants

EIN

832720515

Tax year

2024

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, medicaldiagnostics, bioinformatics, healthcare it, medtech, digital health, and more.

Programs

3 programs

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.

Expenses: $153K

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.

Expenses: $64K

Regional 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.

Expenses: $18K

Financials

FY 2024

Revenue

Contributions & grants$68K
Program service revenue$143K
Investment income$13K
Other revenue$136K
Total revenue$360K

Expenses

Grants paid
Salaries & benefits$863K
Fundraising$77K
Other expenses$538K
Total expenses$1.4M
Total assets$1.0M
Net assets$832K

People

18 listed

NameRoleCompensation

STEPHANIE HSIEH

CEO

Board

$209K

40 hrs/wk

DAVID WHELAN

CEO

Board

$119K

40 hrs/wk

ARATI DESAI WAGABAZA

COO

Board

$84K

20 hrs/wk

JILL VAN

CFO

Board

$26K

8 hrs/wk

MICHAEL HSIEH

CFO

Board

$18K

8 hrs/wk

DINA LOZOFSKY

Director

Board

1 hrs/wk

HARLAN LEVINE MD

Secretary

Board

1 hrs/wk

JESSICA DROGE

Director

Board

1 hrs/wk

PETER M MOGLIA

Treasurer

Board

5 hrs/wk

ROHIT SHUKLA

Director

Board

0

SHLOMO MELMED MD

Director

Board

1 hrs/wk

STEPHEN J UBL

Director

Board

1 hrs/wk

SUSAN R WINDHAM-BANNISTER PHD

Chairman

Board

1 hrs/wk

KELLY LOBIANCO

Director

Board

1 hrs/wk

JESSICA BARNETTE

DIRECTORS, OPS &PR

Staff

$91K

40 hrs/wk

ALEJANDRA D ARZOLA

MANAGER

Staff

$59K

40 hrs/wk

KARINA I MONTES

STAFF

Staff

$42K

0

SRIHARINARAYANA BATCHU

COMMUNITY & BUSINE

Staff

$31K

40 hrs/wk

Independent contractors

WABAN ADVISORS INC

BUSINESS CONSULTING

$188K

Grants received

Showing 3 of 3

FromAmountPurposeYear
$250K
SUPPORT EDUCATION AND COMMUNITY
2019

Funded by

$515K from 2 funders · 3 grants · 2019–2024

Merkin Family Foundation

$250K · 1 grant · 2019

Details

EIN832720515
NTEE codeU01
Subsection03
Ruling date2019-08
Formed2018
Employees5
Volunteers8
BIOSCIENCE LOS ANGELES COUNTY INC — Mission, Financials & Grants Received | Grantivo