Pasadena Bioscience Center Inc
- Assets
- $1.2m
- Revenue
- $982.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Pasadena, CA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 30-0150121
Organization Overview
Pasadena Bioscience Center Inc is located in Pasadena, CA. The organization was established in 2003. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 06/2022, Pasadena Bioscience Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pasadena Bioscience Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pasadena Bioscience Center Inc generated $982.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $778.6k during the year ending 06/2022. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PASADENA BIO COLLABORATIVE INCUBATOR IS A NONPROFIT ORGANIZATION FOCUSED ON ECONOMIC DEVELOPMENT AND JOB CREATION IN SOUTHERN CALIFORNIA. WE ENCOURAGE THE GROWTH OF AN INNOVATIVE BIOTECHNOLOGY INDUSTRY BY PROVIDING EDUCATIONAL/TRAINING OPPORTUNITIES FOR POTENTIAL FUTURE EMPLOYEES AND COST EFFECTIVE INCUBATOR FACILITIES WITH SHARED EQUIPMENT/OFFICE SPACE FOR START-UP COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASADENA BIO COLLABORATIVE INCUBATOR IS A NONPROFIT ORGANIZATION FOCUSED ON ECONOMIC DEVELOPMENT AND JOB CREATION IN SOUTHERN CALIFORNIA. WE ENCOURAGE THE GROWTH OF AN INNOVATIVE BIOTECHNOLOGY INDUSTRY BY PROVIDING EDUCATIONAL/TRAINING OPPORTUNITIES FOR POTENTIAL FUTURE EMPLOYEES AND COST EFFECTIVE INCUBATOR FACILITIES WITH SHARED EQUIPMENT/OFFICE SPACE FOR START-UP COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bogaard Chairman | Officer | 3 | $0 |
Robert Bishop President | Officer | 15 | $0 |
Janice Ohta Treasurer/secre | Officer | 2 | $0 |
Marie Csete Director | Trustee | 0.5 | $0 |
Alison Baski Director | Trustee | 0.25 | $0 |
William Covino Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,312 |
| Total Program Service Revenue | $935,686 |
| Investment income | $22 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $982,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,812 |
| Information technology | $16,630 |
| Royalties | $0 |
| Occupancy | $232,778 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,835 |
| Insurance | $12,358 |
| All other expenses | $10,461 |
| Total functional expenses | $778,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,387 |
| Savings and temporary cash investments | $250,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,865 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,979 |
| Net Land, buildings, and equipment | $218,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,765 |
| Total assets | $1,191,292 |
| Accounts payable and accrued expenses | $16,410 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,486 |
| Total liabilities | $111,896 |
| Net assets without donor restrictions | $1,079,396 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,191,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pasadena Bioscience Center Inc has recieved totaling $21,300.
| Awarding Organization | Amount |
|---|---|
Pasadena Community Foundation Pasadena, CA PURPOSE: Shared Use Equipment Addition | $21,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Library Of Science San Francisco, CA | $24,530,446 | $38,139,699 |
Alfred E Mann Foundation For Scientific Research Santa Clarita, CA | $374,343,975 | $128,538,828 |
Oak Crest Institute Of Science Monrovia, CA | $4,897,984 | $4,671,335 |
Oregon Community Programs Eugene, OR | $4,423,506 | $4,611,357 |
Mind Research Inc Irvine, CA | $3,941,316 | $4,172,778 |
Chabot Space & Science Center Foundation Oakland, CA | $6,788,703 | $6,494,123 |
Society For The Advancement Of Material & Process Engineering Diamond Bar, CA | $8,577,702 | $1,437,457 |
Technovation Menlo Park, CA | $3,118,299 | $3,683,772 |
Foundation For Animal Care Andeducation San Diego, CA | $1,478,690 | $1,368,884 |
The Jupiter Research Foundation Los Altos, CA | $436,660 | $882,871 |
Buckminster Fuller Institute San Francisco, CA | $680,672 | $1,086,568 |
Decentralized Trails & Research All San Diego, CA | $2,135,392 | $2,240,290 |