Startup Sandbox INC FY2021 filing

Santa Cruz, CAUnknown exempt organization EIN 82-1427488Revenue $521K in FY2021

On file with the IRSstartupsandbox.org250 Natural Bridges Drive · Santa Cruz, CA

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We are a biotech laboratory incubator for development of university research. We are affiliated with the University of California Santa Cruz. We rent lab space, equipment, office space, and provide managerial support to biotech startups and entrepreneurs.

100¢ of each $1 spent went to programs.
$27K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $128K a year · 31% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$67K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 6 voting members
Worth a look: 2 of 6 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$521K
+120% vs prior year
Spent
$517K
To programs
100%
Net assets
$172K
By yearFY2020–FY2024
Revenue
$521K
FY2021▲ +120%
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2021$521K
FY2022$452K
FY2023$458K
FY2024$97K
Expenses
$517K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$547K
FY2021$517K
FY2022$590K
FY2023$525K
FY2024Not on file
Net assets
$172K
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$156K
FY2021$172K
FY2022$34K
FY2023−$33K
FY2024−$75K

From the FY2021 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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% · $514K Management & general 0% · $3K

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

6 people listed on the 990; $27K paid to officers and key staff.

Part VII, Section A · reportable compensation
$18,000Pt VII · Sec A
$9,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Spencer Murphy$82,641$79,434——
Louis Pambianco—$5,000$18,000$5,000
Helen Pastorino——$9,000—

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

Incubates biotech startups by providing lab space, equipment, and support.

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Provided by the organization

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1 program · $514K · in their own filed words · FY2021
01

Providing a wide spectrum of state-of-the-art scientific equipment, lab, business and executive advisory services for accelerating start-up research companies. This also includes access to BSL1 and BSL2 lab office space, scientific equipment and instrumentation, and conference space for meetings and events, provided at below market rate…

$514Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$521K
Ln 12
Gifts and grantsLn 1h$336K
Fees for servicesLn 2g$185K
Money outPt IX
$517K
Ln 25
Programscol B$514K
Managementcol C$3K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$239K
LiabilitiesLn 26$67K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$336K
Fees for servicesLn 2g$185K
Gains on assetsLn 7$0
Total revenueLn 12$521K
Assets in detailPt X, end of year
CashLn 1$63K
SavingsLn 2$0
Cash and savings togetherLn 1–2$63K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$137K
Other assetsLn 15$30K
Total assetsLn 16$239K
LiabilitiesLn 26$67K
Net assetsLn 32$172K
OperationsPt I, VI
EmployeesI 53
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$471$63K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$222K$137K
Total assetsLn 16$253K$239K
LiabilitiesLn 26$97K$67K
Net assetsLn 32$156K$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$27K$27K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$29K$29K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$239K$239K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$6$6
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$97K$97K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$70K$70K
All other expensesLn 24e$30K$29K$270
Total functional expensesLn 25$517K$514K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $97K−$75K 990 PDF
FY2023 $458K$525K−$67K−$33K 990 PDF
FY2022 $452K$590K−$138K$34K 990 PDF
FY2021 Viewing $521K$517K$4K$172K 990 PDF
FY2020 $237K$547K−$310K$156K 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 FY2021 990 (6 parts)
Part I · Summary $520,966 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $71,213$335,877
I-9 Program service revenuePrior year $165,606$185,089
I-10 Investment incomePrior year $95$0
I-11 Other revenue$0
I-12 Total revenuePrior year $236,914$520,966
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $16,307$59,208
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $530,241$457,754
I-18 Total expensesPrior year $546,548$516,962
I-19 Revenue less expensesPrior year −$309,634$4,004
Part VI · Governance 2 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members2
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $520,966 across 9 lines filed
VIII-1f All other contributions, gifts and grants$335,877
VIII-1h Total contributions, gifts and grants$335,877
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,089$185,089
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $185,089$520,966
Part IX · Statement of functional expenses $516,962 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $27,000$27,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $29,185$29,185
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $3,023$3,023
IX-11a Management fees$0
IX-11b Legal feesManagement $2,300$2,300
IX-11c Accounting feesPrograms $5,939$5,939
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $10,254$10,254
IX-12 Advertising and promotionPrograms $3,460$3,460
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $239,101$239,101
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $6$6
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $96,847$96,847
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $70,212$70,212
IX-24e All other expensesPrograms $29,365 · Management $270$29,635
IX-25 Total functional expensesPrograms $514,386 · Management $2,576 · Fundraising $0$516,962
Part X · Balance sheet $238,980 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $471$63,257
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$8,756
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $222,303$136,966
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $30,040$30,001
X-16 Total assetsStart of year $252,814$238,980
X-17 Accounts payable and accrued expensesStart of year $40,475$39,302
X-25 Other liabilitiesStart of year $56,323$27,273
X-26 Total liabilitiesStart of year $96,798$66,575
X-32 Total net assets or fund balancesStart of year $156,016$172,405
X-33 Total liabilities and net assetsStart of year $252,814$238,980
Part XI · Reconciliation of net assets $172,405 net assets at year end
XI-1 Total revenue$520,966
XI-2 Total expenses$516,962
XI-3 Revenue less expenses$4,004
XI-4 Net assets at start of year$156,016
XI-9 Other changes in net assets$12,385
XI-10 Net assets at end of year$172,405

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

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