Biocom Institute

Organization Overview

Biocom Institute is located in San Diego, CA. The organization was established in 2008. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Biocom Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biocom Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Biocom Institute generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BIOCOM INSTITUTE IS A 501(C)(3) ORGANIZATION ESTABLISHED IN 2008 BY BIOCOM, THE LARGEST AND MOST EXPERIENCED ADVOCATE FOR CALIFORNIA'S LIFE SCIENCE SECTOR.OUR MISSION IS TO DEVELOP AND PROMOTE A SKILLED AND DIVERSE PIPELINE OF TALENT TO ACCELERATE THE GROWTH OF THE CALIFORNIA'S LIFE SCIENCE ECOSYSTEM. WE COLLABORATE WITH THE LIFE SCIENCE INDUSTRY, GOVERNMENT, NON-PROFITS, THE K-12 AND COMMUNITY COLLEGE SYSTEMS, INSTITUTIONS OF HIGHER EDUCATION, AND OTHER STAKEHOLDERS TO MEET AND ANTICIPATE THE WORKFORCE NEEDS OF THE LIFE SCIENCE COMMUNITY, AND TO PROMOTE THE ADVANCEMENT OF LIFE SCIENCE TALENT THROUGHOUT THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ILLUMINA ARE PARTNERING WITH BIOCOM INSTITUTE TO CREATE AN EDUCATIONAL COMMUNITY WHERE TEACHERS CAN LEARN AND CONNECT WITH THE WORLD OF GENOMICS. ILLUMINA GENOMIC DISCOVERIES PROVIDES OPPORTUNITIES FOR TEACHERS TO ACCESS GENOMICS-FOCUSED PROFESSIONAL DEVELOPMENT, REAL-WORLD CURRICULUM AND INDUSTRY CONNECTIONS. IT IS OUR HOPE TO EMPOWER TEACHERS TO CREATE MEANINGFUL EXPERIENCES FOR STUDENTS AROUND GENOMICS AND INSPIRE THE NEXT GENERATION TO PURSUE CAREERS IN LIFE SCIENCES.


PROFESSIONAL DEVELOPMENT FOR LIFE SCIENCE PROFESSIONALS THROUGH OUR EDUCATION PARTNERS, WE OFFER SEVERAL COURSES THAT HELP LIFE SCIENCE PROFESSIONALS ACHIEVE PERSONAL AND PROFESSIONAL DEVELOPMENT. BIOCOM MEMBERS RECEIVE EXCLUSIVE DISCOUNTS.


WORKFORCE PROGRAM, WHICH INCLUDES VETERANS. COMPLETE WITH JOB SKILLS WORKSHOPS, AN INDUSTRY-FOCUSED CAREER FAIR AND MENTORSHIP PAIRING, THIS PROGRAM PROVIDES A HOLISTIC APPROACH TO ADDRESSING SKILLS GAPS, HIRING AND JOB-SEARCH CHALLENGES, AND A UNIQUE DIRECT CONNECTION BETWEEN VETERANS AND THE LIFE SCIENCE INDUSTRY.


REMAINING OTHER - AMGEN, DEI INITIATIVE, GOLF FUNDRAISER, LA BIOSTART, LSXP, LSYL


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Board, Officers & Key Employees

Name (title)Compensation
Karmin Noar
Executive Director
$184,294
Joseph D Panetta
President & CEO
$0
Stacy Solirio
Director
$0
Willie Zuniga
Director
$0
David Webb PHD
Director
$0
Susie Harborth
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Leadership Edge Inc
Education Program Expense
$100,220
Beyond Benefits Life Science Association
Medical/dental/vision/life Benefits
$143,297
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$109,020
Related organizations$471,696
Government grants $228,938
All other contributions, gifts, grants, and similar amounts not included above$971,722
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,781,376
Total Program Service Revenue$245,750
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$88,214
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,938,912

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Biocom Institute has recieved totaling $476,830.

Awarding OrganizationAmount
Illumina Corporate Foundation

Wilmington, DE

PURPOSE: ILLUMINA GENOMICS DISCOVERIES

$230,000
Illumina Corporate Foundation

Wilmington, DE

PURPOSE: GENOMIC DISCOVERIES PROGRAM DEVELOPMENT AND IMPLEMENTATION

$150,000
Illumina Corporate Foundation

Wilmington, DE

PURPOSE: VIRTUAL SIMULATION WORK FOR STEM EDUCATION

$47,830
Conrad Prebys Foundation

San Diego, CA

PURPOSE: LIFE SCIENCE YOUNG LEADERS FELLOWSHIP PROGRAM

$15,000
Evans Family Foundation

Rancho Santa Fe, CA

PURPOSE: AID ORGANIZATION WITH ITS MISSION TO SUPPORT LIFE SCIENCE INNOVATIONS

$15,000
General Atomics Sciences Education Foundation

San Diego, CA

PURPOSE: CONTRIBUTION

$6,500
View Grant Recipient Profile

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