Bbsw
- Assets
- $145.5k
- Revenue
- $202.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Foster City, CA
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 61-1905265
Organization Overview
Bbsw is located in Foster City, CA. The organization was established in 2019. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, 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. Bbsw 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 12/2023, Bbsw generated $202.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $206.0k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BBSW HOSTS ANNUAL LOCAL CONFERENCE AIMING AT CONNECTING STATISTICIANS WORKING IN BIOTECH AND PHARMA INDUSTRY AT BAY AREA AND FOSTERING COLLABORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE-BBSW 2023 CONFERENCE WAS A SOUNDING SUCCESS WITH AROUND 300 ATTENDEES FROM MORE THAN 100 INSTITUTIONS. THE THEME OF THE CONFERENCE WAS EMBRACING CHANGE AND SHAPING THE FUTURE, REFLECTING THE DYNAMIC NATURE OF THE BIOTECH-PHARMA FIELD. ALL PRESENTATIONS AND PANEL DISCUSSIONS ALIGNED CLOSELY WITH THE THEME AND OFFERED INSIGHTS INTO THE LATEST TRENDS, METHODOLOGIES, AND BEST PRACTICES IN BIOTECH-PHARMA STATISTICS AND ANALYTICAL PROGRAMMING. IN ADDITION TO CAREER AND LEADERSHIP DEVELOPMENT,BBSW ANNUAL CONFERENCE HAS BECOME A PREMIUM PLATFORM FOR STATISTICIANS, ANALYSTS, AND DATA SCIENTISTS WORKING IN THE BIOPHARMA AND BIOTECH INDUSTRY, AND BUILT WIDE COLLABORATIVE NETWORK WITH OTHER NON-PROFIT STATISTICAL ASSOCIATIONS.
YODA PROJECT: (1)LEARNING AND STUDYING SESSIONS ON GENERAL TOPICS THE STATISTICS/DATA SCIENCE PROFESSIONALS MAY ENCOUNTER IN THE CAREER. (2)THE 1:1 MENTOR-MENTEE ENGAGEMENT TO PROVIDE THE MENTEES WITH SPECIFIC LEARNING AND GUIDANCE TAILORED TO THE CAREER GOALS, PERSONAL STRENGTHS AND CHALLENGES OF EACH INDIVIDUAL MENTEE.
GRANT TO OTHER ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chito Hernandez Board Director | Trustee | 0 | $0 |
Ying Lu Board Director | Trustee | 0 | $0 |
Li Zheng Board Director | Trustee | 0 | $0 |
Ted Lystig Board Director | Trustee | 0 | $0 |
Whedy Wang Board Director | Trustee | 0 | $0 |
Haijun MA Board Director | Trustee | 0 | $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 | $156,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,000 |
| Total Program Service Revenue | $46,211 |
| Investment income | $0 |
| 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 | $202,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,032 |
| Advertising and promotion | $0 |
| Office expenses | $658 |
| Information technology | $5,079 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $12,880 |
| Total functional expenses | $206,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,468 |
| Accounts payable and accrued expenses | $5,602 |
| 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 | $0 |
| Total liabilities | $5,602 |
| Net assets without donor restrictions | $0 |
| 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 | $139,866 |
| Total liabilities and net assets/fund balances | $145,468 |