Bay Area Bioscience Center Dba California Life Sciences Institute

Nonprofit profile at a glance

EIN
943118621
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
South San Francisco, CA, USA
Phone
6508713250
Rating
86
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$162,500
Expenses
$168,357
Assets
$271,262
Liabilities
$30

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JAYNE MCNICOL (President)

People named in this filing

  • JAYNE MCNICOL (President)
  • FRED DOREY (Chair)
  • LESLEY CALHOUN (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We maintain californias leadership in life sciences innovation by supporting entrepreneurship, science education and life sciences career development through the California life sciences institute.

What it reported doing in 2024

Entrepreneurship programs: californias entrepreneurial life sciences companies have long been a leading light in this industry. The 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. The target audience includes life sciences entrepreneurs, venture capitalists, angel investors, service providers and industry experts who offer expertise that emerging companies need.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.6%; rating input score 97
  • Program expense ratio: 93.2%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -3.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 97.6% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 96.6% of revenue deployed · 93.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $157K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.