Texas Life Science Center for Innovation

Nonprofit profile at a glance

EIN
204205582
IRS 990-EZ coverage
2010–2012
Forms available
Form 990-EZ 2012
Location
Missouri City, TX, USA
Phone
2817787925
Rating confidence
Limited
Sector
Science and Technology Museums

Reported finances

Revenue
$0
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

19 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote life science research

What it reported doing in 2012

Texas Life Science Center for Innovation and Commercialization (TLSCIC) assisted the State of Texas in identifying, evaluating, and allocating funding for early stage life science companies through the Texas Emerging Technology Fund (TETF). TLSCIC has reviewed 319 applications since inception in 2006. Since inception, the TETF funded 55 life science companies for $76 million.

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: NotEnoughData
  • 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: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -112.3% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -8.3% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: -150% per year; rating input score 0; 1st 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 · 19 people listed
  • Consistency: 1 of 1 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2010 to 2012
  • 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: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.