Los Angeles Bioscience Hub
- Assets
- $19.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-2185490
Organization Overview
Los Angeles Bioscience Hub is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Angeles Bioscience Hub 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 12/2021, Los Angeles Bioscience Hub generated $1.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (39.3%) each year. All expenses for the organization totaled $25.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (78.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
LABH SERVES AS A NETWORK BUILDER AMONG BIOSCIENCE RELATED ORGANIZATIONS AND FIRMS OPERATING ON THE EASTSIDE OF LOS ANGELES. LABHS PRIMARY PROGRAM IS THE BIOTECH LEADERS ACADEMY BLA. TO DATE, IT HAS PROVIDED TRAINING, EDUCATION, AND PROFESSIONAL DEVELOPMENT TO ABOUT 60 YOUNG ADULTS. MOST PROGRAM PARTICIPANTS ARE MEMBERS OF LOW-INCOME AND BIPOC COMMUNITIES. THE BLA PROGRAM WAS PAUSED IN 2020 DUE TO THE COVID-19 PANDEMIC. IN 2021, LABH SECURED FUNDING TO RESUME THE PROGRAMS IN 2022. LABH IDENTIFIED A NEW CONSULTANT TO OVERSEE ADMINISTRATION OF THE BIOSCIENCE LEADERS ACADEMY IN 2022, RECRUIT CANDIDATES, PLACE STUDENTS IN INTERNSHIPS, AND PROVIDE TRAININGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Gutierrez Chairman | 1 | $0 | |
Howard Xu Secretary | 1 | $0 | |
Tom DE Simone Treasurer | 1 | $0 | |
Laura M Ramirez Director | 1 | $0 | |
Howard Kozloff Director | 1 | $0 | |
Carlos Gutierrez Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,008 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,008 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25 |
| Total expenses | $25 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,695 |
| Other assets | $0 |
| Total assets | $19,703 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,703 |