Bay Area Bioscience Center EIN 94-3118621

Bay Area Bioscience Center FY2020 filing

EIN  94-3118621 Public charity (501(c)(3)) South San Francisco, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Supports California's life sciences innovation leadership.
Leadership
Steven Karp · Executive Director · $207K
Money in and out
$1.0M revenue, $958K expenses
Bottom line
57% program efficiency

Supports California's life sciences innovation leadership. For fiscal year 2020 it reported $1.0M in revenue, $958K in expenses, and $232K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$958K
Pt IX · Ln 25
Net assets
$232K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.42 Fundraising $0.00
Program efficiency
57%
of spending reaches programs
Operating runway
8.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.0M
FY2020
Expenses
$958K
FY2020
Total assets
$731K
FY2020
Total liabilities
$499K
FY2020
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$958K
Pt IX · Ln 25
Net assets
$232K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$731K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $551K of program spending, described in the organization's own filed words · FY2020.
01

Entrepreneurship Programs

Californias entrepreneurial life science companies have long been a leading light in this industry. Clsis entrepreneurship programs connect life sciences entrepreneurs with the strategic, operational and financial resources and insights they need to succeed. Key activities include the expert network and the fast advisory program.

$462Kprogram expense
02

Life Sciences Education

The california life sciences institute brings industry and institutions of learning together to improve stem education in california to make students aware of and prepared for career opportunities in the life sciences industry. Key activities include bio-community volunteer opportunities, biogeneius challenge, and bio-link depot.

$52Kprogram expense
03

Workforce Professional Development

Life sciences companies seek to attract and retain the best and brightest individuals. The program offers various in-person and online professional development offerings for job seekers and incumbent workers, as well as workforce analysis to inform curriculum and training development.

$38Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBay Area Bioscience Center
EINHdr · item D94-3118621
Principal addressHdr · item CSouth San Francisco, CA
WebsiteHdr · item Jcalifesciencesinstitute.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFApr 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$206,909Pt VII · Sec A
President & CEO
$201,476Pt VII · Sec A
Drct Innovation
$116,231Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lori Lindberg’s $146K as President & CEO is at the 96th percentile of top reported officer pay among 516 $100K–1M unclassified 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 · 3 named individuals · Part VII

NameFY2021FY2020
Steven Karp$107,466$206,909
Lori Lindberg$146,388$201,476
Julie Harness$116,231

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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Statement of Revenue

Part VIII
Program service revenue$860K · 84%
Contributions & grants$169K · 16%
Program service revenue84%$860K
Contributions & grants16%$169K
Investment income$18
— government grantsLn 1e$93K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.42 Fundraising $0.00
Program services57%$551K
Management & general42%$407K
Fundraising$125
Total functional expensesLn 25$958K

Balance Sheet

Part X · end of year
CashLn 1$665K
Total assetsLn 16$731K
Total liabilitiesLn 26$499K
Total net assetsLn 32$232K
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $665K · Operating expenses/yr $958K
8.3 months
Where the money goes
Program services
Program services $551K · Total expenses $958K
57%
Management & General
Management & general $407K · Total expenses $958K
42%
Fundraising
Fundraising $125 · Total expenses $958K
0%
Cost to raise $1
Fundraising expense $125 · Solicited contributions $76K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $169K · Total revenue $1.0M
16%
Government reliance
Government grants $93K · Total revenue $1.0M
9%
Earned-income share
Program service revenue $860K · Total revenue $1.0M
84%
Investment reliance
Investment income $18 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $860K · Total expenses $958K
90%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $232K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $958K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $731K
Net-asset ratio
Net assets $232K · Total assets $731K
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $731K
0%
People & payroll
Highest Reported Total Compensation
Individual Steven Karp · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $207K · Total expenses $958K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $865K · Total expenses $958K
90%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 42%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$40K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$162K revenue · ⤓ 990 PDF
FY2023$54K revenue · ⤓ 990 PDF
FY2022$479K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$1.0M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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