Bioscience Los Angeles County Inc

Organization Overview

Bioscience Los Angeles County Inc is located in Culver City, CA. The organization was established in 2019. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Bioscience Los Angeles County Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bioscience Los Angeles County 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 12/2021, Bioscience Los Angeles County Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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, MEDICAL DIAGNOSTICS, BIOINFORMATICS, HEALTHCARE IT, MEDTECH, DIGITAL HEALTH, AND MORE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REGIONAL ONE-STOP RESOURCE:BIOSCIENCELA WILL SERVE AS AN INDEPENDENT FOCAL POINT FOR CONNECTIVITY TO THE REGION BY EXTERNAL STAKEHOLDERS. BIOSCIENCELA WILL BE A PLACE WHERE PARTIES CAN CONNECT TO THE LOS ANGELES ECOSYSTEM, WHETHER AS CONVENER, CONCIERGE OR VISITOR CENTER. VISITING INVESTORS, COMPANIES, RESEARCHERS, ENTREPRENEURS, DEVELOPERS, VENDORS, AND OTHER ORGANIZATIONS WILL BE ABLE TO FIND INFORMATION AND CONNECT TO RESOURCES VIA BIOSCIENCELA. WE WILL ALSO ASSEMBLE AND HOST MULTI-STAKEHOLDER CONVENINGS THAT ADDRESS STRATEGIC ISSUES, POTENTIAL PARTNERSHIPS, OR NEW OPPORTUNITIES FACING THE INDUSTRY OR THE ECOSYSTEM. BIOSCIENCELA WILL ALSO ACT AS AN INTERFACE BETWEEN LA COUNTY GOVERNMENT'S BIOSCIENCE INITIATIVES AND THE PRIVATE SECTOR.


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.


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.


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.WORKFORCE:IN 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.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,066,783
All other contributions, gifts, grants, and similar amounts not included above$56,100
Noncash contributions included in lines 1a–1f $56,100
Total Revenue from Contributions, Gifts, Grants & Similar$1,122,883
Total Program Service Revenue$32,925
Investment income $1,508
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,100
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 $1,158,416

Grants Awarded

Over the last fiscal year, Bioscience Los Angeles County Inc has awarded $16,500 in support to 2 organizations.

Grant RecipientAmount

Los Angeles, CA

PURPOSE: GENERAL SUPPORT

$10,000

BIOTECH CONNECTION LOS ANGELES (COMMUNITY PARTNERS)

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: BCLA CORE SPONSORSHIP 10/2021-10/2022

$6,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bioscience Los Angeles County Inc has recieved totaling $250,000.

Awarding OrganizationAmount
Pharmaceutical Research And Manufacturers Of America

Washington, DC

PURPOSE: General Contribution

$250,000
View Grant Recipient Profile

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