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
55 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
9 people listed on the 990; $215K 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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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.
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.1M | $2.1M |
| Land, buildings, equipmentLn 10c | $0 | $51K |
| Total assetsLn 16 | $3.5M | $3.5M |
| LiabilitiesLn 26 | $35K | $59K |
| Net assetsLn 32 | $3.5M | $3.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $12K | $12K | ||
| Pay of current officers, directors and key staffLn 5 | $225K | $147K | $71K | $7K |
| Other salaries and wagesLn 7 | $97K | $64K | $30K | $3K |
| Other employee benefitsLn 9 | $7K | $4K | $4K | $184 |
| Payroll taxesLn 10 | $17K | $13K | $4K | $564 |
| Legal feesLn 11b | $235 | $235 | ||
| Accounting feesLn 11c | $46K | $46K | ||
| Other fees for servicesLn 11g | $302K | $151K | $133K | $18K |
| Advertising and promotionLn 12 | $4K | $3K | $2K | |
| Office expensesLn 13 | $3K | $956 | $2K | |
| Information technologyLn 14 | $5K | $369 | $4K | |
| TravelLn 17 | $1K | $393 | $1K | |
| Conferences, conventions and meetingsLn 19 | $2K | $2K | $352 | |
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $444 | $444 | ||
| Total functional expensesLn 25 | $729K | $399K | $301K | $29K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $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 Viewing | $695K | $729K | −$34K | $3.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $695,043 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $695,043 across 6 lines filed
Part IX · Statement of functional expenses $728,759 across 16 lines filed
Part X · Balance sheet $3,522,722 assets, 13 lines filed
Part XI · Reconciliation of net assets $3,463,472 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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