Biocomx FY2020 filing

Dana Point, CAUnknown exempt organizationEIN 81-4869598Revenue $9.9M in FY2020

On file with the IRSbiocomx.org24502 Sand Piper Ln · Dana Point, CA

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Train university researches, students, and early stage companies in commercialization of biomedical technologies.

99¢ of each $1 spent went to programs.
$72K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $38K a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.9M
Spent
$9.6M
To programs
99%
Net assets
$927K
By yearFY2020–FY2023
Revenue
$9.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$9.9M
FY2021$16.0M
FY2022$5.5M
FY2023$753
Expenses
$9.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$16.6M
FY2022$5.2M
FY2023Not on file
Net assets
$927K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$927K
FY2021$309K
FY2022$661K
FY2023Not on file

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $9.5M Management & general 1% · $84K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
$72,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2020
Elias Caro$48,000$94,500$72,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains researchers and companies to bring biomedical technologies to market.

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Provided by the organization

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1 program · $9.5M · in their own filed words · FY2020
01

During the last year the NIH (national Institute of Health) approached Biocomx and ask to provide Business Advisors and Program Managers with experience in diagnostic for the program that the government funded to bring Covid to the market. The program is called RADx and was funded with over $500 million.

$9.5Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$9.9M
Ln 12
Fees for servicesLn 2g$9.9M
Investment incomeLn 3$53
Money outPt IX
$9.6M
Ln 25
Programscol B$9.5M
Managementcol C$84K
Owns and owesPt X
$927K
net assets · Ln 32
Cash and savingsLn 1–2$927K
Total assetsLn 16$927K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.9M
Investment incomeLn 3$53
Total revenueLn 12$9.9M
Assets in detailPt X, end of year
CashLn 1$927K
Cash and savings togetherLn 1–2$927K
Total assetsLn 16$927K
LiabilitiesLn 26$0
Net assetsLn 32$927K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$547K$927K
Total assetsLn 16$547K$927K
LiabilitiesLn 26$0$0
Net assetsLn 32$547K$927K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$78K$78K
Management feesLn 11a$9.5M$9.5M
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$625$625
Office expensesLn 13$668$668
Information technologyLn 14$12K$10K$2K
Other expenses (24a–d)Ln 24$547$547
All other expensesLn 24e$3K$2K$150
Total functional expensesLn 25$9.6M$9.5M$84K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $753 990 PDF
FY2022 $5.5M$5.2M$353K$661K 990 PDF
FY2021 $16.0M$16.6M−$618K$309K 990 PDF
FY2020 Viewing $9.9M$9.6M$380K$927K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $9,949,344 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $639,055$9,949,291
I-10 Investment incomePrior year $93$53
I-11 Other revenue$0
I-12 Total revenuePrior year $639,148$9,949,344
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,392$77,797
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $396,255$9,491,860
I-18 Total expensesPrior year $420,647$9,569,657
I-19 Revenue less expensesPrior year $218,501$379,687
Part VI · Governance 3 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $9,949,344 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,949,291$9,949,291
VIII-3 Investment incomeRelated to mission $53$53
VIII-12 Total revenueRelated to mission $9,949,344 · Unrelated business $0 · Excluded from tax $0$9,949,344
Part IX · Statement of functional expenses $9,569,657 across 10 lines filed
IX-7 Other salaries and wagesManagement $77,797$77,797
IX-11a Management feesPrograms $9,467,654$9,467,654
IX-11b Legal feesPrograms $2,468$2,468
IX-11c Accounting feesManagement $2,748$2,748
IX-11g Other fees for servicesPrograms $2,332$2,332
IX-12 Advertising and promotionManagement $625$625
IX-13 Office expensesManagement $668$668
IX-14 Information technologyPrograms $9,980 · Management $2,336$12,316
IX-24 Other expenses (24a–d)Programs $547$547
IX-24e All other expensesPrograms $2,352 · Management $150$2,502
IX-25 Total functional expensesPrograms $9,485,333 · Management $84,324 · Fundraising $0$9,569,657
Part X · Balance sheet $926,983 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $547,296$926,983
X-16 Total assetsStart of year $547,296$926,983
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $547,296$926,983
X-33 Total liabilities and net assetsStart of year $547,296$926,983
Part XI · Reconciliation of net assets $926,983 net assets at year end
XI-1 Total revenue$9,949,344
XI-2 Total expenses$9,569,657
XI-3 Revenue less expenses$379,687
XI-4 Net assets at start of year$547,296
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$926,983

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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