Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
52 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
8 people listed on the 990; $627K paid to officers and key staff.
Koch Karin L’s $229K as Managing Director (thru 8/24) is at the 79th percentile of top reported officer pay among 3128 $1–10M health care 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 · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Koch Karin L | $228,927 | $184,000 | $197,846 | $123,758 | $124,806 |
| Bohdan Gregory a | $137,306 | $124,550 | $100,860 | $90,972 | — |
| Renusch Samantha Rae | $131,596 | $110,577 | — | — | — |
| McCarthy Linda a | $128,892 | $130,000 | $118,654 | — | — |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides affordable lab space, resources, and partnerships to boost the biomedical industry.
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Accelerated growth of the biomedical industry via an open innovation platform that provides economical lab and office space, valuable technical resources, and a network of strategic partnerships.
The organization provides management and oversight services for the rapid acceleration of diagnostics (radx) initiative, a program sponsored by the U.S. National institutes of health (ni), to speed innovation in the development, commercialization, and implementation of technologies for COVID-19 testing.
As part of its operation, the organization runs a workforce development project to provide hands-on training in the lab for entry level laboratory technicians, with the support and collaboration of other charitable organizations in orange county focusing on improving the lives of orange county residents seeking to improve their skill…
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 | $1000K |
| Land, buildings, equipmentLn 10c | $2.3M | $2.1M |
| Total assetsLn 16 | $8.2M | $7.2M |
| LiabilitiesLn 26 | $5.7M | $4.7M |
| Net assetsLn 32 | $2.5M | $2.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $108 | $108 | ||
| Pay of current officers, directors and key staffLn 5 | $389K | $389K | ||
| Other salaries and wagesLn 7 | $741K | $741K | ||
| Pension plan contributionsLn 8 | $26K | $26K | ||
| Other employee benefitsLn 9 | $89K | $89K | ||
| Payroll taxesLn 10 | $88K | $88K | ||
| Legal feesLn 11b | $50K | $7K | $43K | |
| Accounting feesLn 11c | $105K | $105K | ||
| Professional fundraising feesLn 11e | $15K | $15K | ||
| Other fees for servicesLn 11g | $1.4M | $783K | $606K | $6K |
| Advertising and promotionLn 12 | $17K | $17K | ||
| Office expensesLn 13 | $25K | $25K | ||
| Information technologyLn 14 | $118K | $36K | $83K | |
| RoyaltiesLn 15 | $165K | $165K | ||
| OccupancyLn 16 | $1.5M | $1.4M | $96K | |
| TravelLn 17 | $31K | $31K | ||
| Conferences, conventions and meetingsLn 19 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $409K | $404K | $5K | |
| InsuranceLn 23 | $26K | $26K | ||
| All other expensesLn 24e | $320K | $88K | $233K | |
| Total functional expensesLn 25 | $5.5M | $2.9M | $2.6M | $20K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $5.5M | $5.5M | $10K | $2.5M | 990 PDF |
| FY2023 | $5.0M | $5.1M | −$164K | $2.5M | 990 PDF |
| FY2022 | $4.8M | $4.6M | $238K | $2.6M | 990 PDF |
| FY2021 | $3.8M | $4.0M | −$291K | $2.4M | 990 PDF |
| FY2020 | $3.4M | $2.8M | $624K | $2.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,499,484 across 6 lines filed
Part IX · Statement of functional expenses $5,489,018 across 20 lines filed
Part X · Balance sheet $7,199,813 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,488,822 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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