Biocomx FY2021 filing

Dana Point, CAUnknown exempt organizationEIN 81-4869598Revenue $16.0M in FY2021

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.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
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
$16.0M
+61% vs prior year
Spent
$16.6M
To programs
100%
Net assets
$309K
By yearFY2020–FY2023
Revenue
$16.0M
FY2021▲ +61%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.9M
FY2021$16.0M
FY2022$5.5M
FY2023$753
Expenses
$16.6M
FY2021▲ +73%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.6M
FY2021$16.6M
FY2022$5.2M
FY2023Not on file
Net assets
$309K
FY2021▼ -67%
Tap a bar for its year
Net assets by fiscal year
FY2020$927K
FY2021$309K
FY2022$661K
FY2023Not on file

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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

100 cents of each dollar spent went to programs.

Program services 100% · $16.6M Management & general 0% · $2K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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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3 programs · $49.8M · in their own filed words · FY2021
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.

$16.6Mprogram expense
02

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.

$16.6Mprogram expense
03

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.

$16.6Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$16.0M
Ln 12
Fees for servicesLn 2g$16.0M
Investment incomeLn 3$18
Money outPt IX
$16.6M
Ln 25
Programscol B$16.6M
Managementcol C$2K
Owns and owesPt X
$309K
net assets · Ln 32
Cash and savingsLn 1–2$307K
Total assetsLn 16$309K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$16.0M
Investment incomeLn 3$18
Total revenueLn 12$16.0M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$307K
Total assetsLn 16$309K
LiabilitiesLn 26$0
Net assetsLn 32$309K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

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

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (1 part)
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

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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