Los Angeles Bioscience Hub

Nonprofit profile at a glance

EIN
472185490
IRS 990-EZ coverage
2016–2021
Forms available
Form 990 2015, Form 990-EZ 2021, Form 990-N 2014
Location
Los Angeles, CA, USA
Phone
2135458487
Rating confidence
Limited
Sector
Boards of Trade

Official website

Reported finances

Revenue
$1,008
Expenses
$25
Assets
$19,703

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • Carlos Gutierrez (Chairman)
  • Howard Xu (Secretary)
  • Tom De Simone (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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

LA Bioscience Hub supports development and growth of bioscience related research, development and manufacturing enterprises in East Los Angeles. LA Bioscience Hub brands and promotes an LA Bioscience Corridor to attract public and private investments into the area.

What it reported doing in 2021

LABH serves as a network builder among bioscience related organizations and firms operating on the Eastside of Los Angeles. LABHs primary program is the Biotech Leaders Academy BLA. To date, it has provided training, education, and professional development to about 60 young adults. Most program participants are members of low-income and BIPOC communities. The BLA program was paused in 2020 due to the COVID-19 pandemic. In 2021, LABH secured funding to resume the programs in 2022. LABH identified a new consultant to oversee administration of the bioscience leaders academy in 2022, recruit candidates, place students in internships, and provide trainings.

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
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 83
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 97.5%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 788.12; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: -40.8% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -46.8% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2016 to 2021
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.