Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
39 cents of each dollar spent went to programs.
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
18 people listed on the 990; $680K paid to officers and key staff.
Stephanie Hsieh’s $209K as CEO is at the 95th percentile of top reported officer pay among 312 $100K–1M science & technology nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| David Whelan | $119,178 | $278,060 | $280,598 | $293,092 | $215,430 |
| Stephanie Hsieh | $209,025 | — | — | — | — |
| Jessica Barnette | $91,380 | $144,395 | $138,566 | $123,732 | — |
| Sriharinarayana Batchu | $31,094 | $125,612 | $114,341 | $107,697 | — |
| Arati Desai Wagabaza | $84,314 | — | — | — | — |
| Alejandra D Arzola | $59,053 | — | — | — | — |
| Karina I Montes | $41,764 | — | — | — | — |
| Jill Van | $26,250 | — | — | — | — |
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
Builds a connected life sciences ecosystem in Los Angeles.
Questions for Bioscience Los Angeles County INC
Your first name shows with your question. Bioscience Los Angeles County INC answers here, for everyone.
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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.
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $317K |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $753K | $661K |
| Total assetsLn 16 | $1.9M | $987K |
| LiabilitiesLn 26 | $64K | $167K |
| Net assetsLn 32 | $1.9M | $820K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| 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 | $344K | $344K | ||
| Pay of disqualified personsLn 6 | $78K | $33K | $5K | $39K |
| Other salaries and wagesLn 7 | $351K | $63K | $288K | |
| Pension plan contributionsLn 8 | $4K | $4K | ||
| Other employee benefitsLn 9 | $54K | $18K | $35K | |
| Payroll taxesLn 10 | $27K | $5K | $23K | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $0 | |||
| Accounting feesLn 11c | $39K | $39K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $116K | $84K | $3K | $29K |
| Advertising and promotionLn 12 | $100K | $91K | $1K | $8K |
| Office expensesLn 13 | $15K | $4K | $11K | |
| Information technologyLn 14 | $40K | $31K | $8K | $109 |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $15K | $15K | ||
| TravelLn 17 | $6K | $4K | $2K | $614 |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $18K | $14K | $4K | $74 |
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $103K | $101K | $1K | |
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $90K | $87K | $3K | |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $1.4M | $551K | $780K | $77K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $356K | $1.4M | −$1.1M | $820K | 990 PDF |
| FY2023 | $898K | $1.8M | −$868K | $1.9M | 990 PDF |
| FY2022 | $749K | $1.6M | −$826K | $2.7M | 990 PDF |
| FY2021 | $1.2M | $1.1M | $103K | $3.6M | 990 PDF |
| FY2020 | $695K | $729K | −$34K | $3.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $356,182 revenue, 12 lines filed
Part VI · Governance 8 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $356,182 across 11 lines filed
Part IX · Statement of functional expenses $1,408,026 across 31 lines filed
Part X · Balance sheet $987,047 assets, 19 lines filed
Part XI · Reconciliation of net assets $820,376 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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