Biocom San Diego
- Assets
- $12.3m
- Revenue
- $10.1m
- Investments
- $1.0
- Employees
- 43
- Location
- San Diego, CA
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 33-0496646
Organization Overview
Biocom San Diego is located in San Diego, CA. The organization was established in 1992. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Biocom San Diego employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Biocom San Diego is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Biocom San Diego generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 13.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE INDIVIDUAL AND COLLECTIVE SUCCESS ON THE WORLD STAGE OF SCIENTIFIC AND TECHNOLOGICAL INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIOCOM, REPRESENTING ALL OF SOUTHERN CALIFORNIA, IS THE LARGEST, MOST SUCCESSFUL REGIONAL LIFE SCIENCE ASSOCIATION IN THE WORLD. THROUGH OUR MANY INITIATIVES, OUR MEMBER COMPANIES HAVE A STRONGER, UNIFIED VOICE IN MATTERS OF PUBLIC POLICY, WORKFORCE DEVELOPMENT, CAPITAL DEVELOPMENT AND GROUP BUYING POWER. OUR MEMBERS ARE CONNECTED AND THROUGH OUR COMMUNICATION CHANNELS, VISIBLE ON A NATIONAL AND GLOBAL LEVEL. IN THE LAST YEAR, WE HAVE WORKED TO STRENGTHEN RELATIONSHIPS AND OPEN LINES OF COMMUNICATION WITH THE FDA. THIS DIALOGUE IS HELPING.CAPITAL DEVELOPMENT:- CONTINUED TO IDENTIFY WAYS TO RAISE CALIFORNIA'S VISIBILITY ON A NATIONAL AND INTERNATIONAL LEVEL.- GREW BUSINESS DEVELOPMENT FOCUSED NETWORKING EVENTS TO FURTHER CONNECT TO THE COMMUNITY IN CALIFORNIA. - GREW THE GLOBAL PARTNERING CONFERENCE COMMITTEE.PUBLIC POLICY:- HOSTED CONGRESSIONAL BRIEFINGS ON LIFE SCIENCE TOPICS.- SIGNIFICANT WORK IN THE LEGISLATIVE AREAS OF PATENT REFORM, DEVICE TAX REPEAL AND NIH FUNDING.- HOSTED HIGH LEVEL POLICY MAKERS AND REGULATORS.- ENGAGED STRONGLY ON LEGISLATION AT THE STATE LEVEL, PARTICULARLY ON LEGISLATION AFFECTING PUBLIC DISCLOSURE OF PROPRIETARY PRICING INFORMATION.- KEY STAKEHOLDER IN DEVELOPMENT OF REGIONAL WATER POLICY.COMMUNICATIONS:- BIOCOM IS DEDICATED TO PROMOTING OUR MEMBER COMPANIES AND THEIR SUCCESSES, WHILE KEEPING MEMBERSHIP APPRISED OF THE LATEST INDUSTRY NEWS.- LIFELINES MAGAZINE: PUBLISHED TWO ISSUES OF LIFELINES DELIVERING TIMELY NEWS ARTICLES ABOUT THE LATEST DEVELOPMENTS WITHIN OUR INDUSTRY.- UPDATED THE BIOCOM WEBSITE TO BETTER MEET MEMBER NEEDS.EVENTS & INITIATIVES:- ORGANIZED MULTIPLE TRIPS TO JAPAN AND HAD A BIOCOM/CALIFORNIA PRESENCE AT THE BIO JAPAN CONVENTION IN TOKYO.- HELD A SUCCESSFUL PARTNERING CONFERENCE AND CELEBRATION OF LIFE ANNUAL DINNER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph D Panetta President/ceo & Director | Officer | 50 | $950,424 |
Jennifer Landress COO | Officer | 40 | $497,308 |
Jimmy Jackson SVP & Chief Policy Officer | Officer | 50 | $427,120 |
Julie Ames VP Corporate Communications | Officer | 40 | $264,026 |
Michelle Nemits Bay Area Executive Director | 40 | $238,591 | |
Shaye Exner Executive Director Of Events & Sponsorships | 40 | $234,390 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beyond Benefits Life Science Assoc Trus Employee Benefits Expense | 12/30/21 | $812,795 |
Grizzly Inc Marketing | 12/30/21 | $495,245 |
Swanson Communications Public Policy Consultant Expense | 12/30/21 | $208,000 |
Kqed Radio Spots | 12/30/21 | $171,470 |
Topp Strategies Legislative Consulting | 12/30/21 | $114,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,096,404 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,096,404 |
| Total Program Service Revenue | $1,936,448 |
| Investment income | $27,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,077,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,464,259 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,612,345 |
| Pension plan accruals and contributions | $549,601 |
| Other employee benefits | $862,110 |
| Payroll taxes | $386,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,639 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,471 |
| Advertising and promotion | $251,853 |
| Office expenses | $12,795 |
| Information technology | $86,659 |
| Royalties | $0 |
| Occupancy | $483,834 |
| Travel | $53,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,911 |
| Interest | $5,762 |
| Payments to affiliates | $509,393 |
| Depreciation, depletion, and amortization | $74,209 |
| Insurance | $27,575 |
| All other expenses | $416,108 |
| Total functional expenses | $10,671,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,709,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $740,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $205,894 |
| Net Land, buildings, and equipment | $220,372 |
| Investments—publicly traded securities | $361,044 |
| Investments—other securities | $1 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,245 |
| Total assets | $12,285,584 |
| Accounts payable and accrued expenses | $2,574,753 |
| Grants payable | $0 |
| Deferred revenue | $7,639,362 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,308,236 |
| Total liabilities | $11,522,351 |
| Net assets without donor restrictions | $763,233 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,285,584 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Biocom San Diego San Diego, CA | $12,285,584 | $10,077,934 |
Fund For Construction Industry Advancement Covina, CA | $921,140 | $2,648,351 |
Construction Industry Advancement Fund Of Southern California Covina, CA | $413,957 | $1,186,359 |
Bioscience Los Angeles County Inc Culver City, CA | $3,734,312 | $1,158,416 |
San Diego Construction Industry Advancement Fund San Diego, CA | $252,254 | $422,654 |
Alliance For Global Water Adaptation Corvallis, OR | $350,491 | $545,162 |
California Construction Advancement Program West Sacramento, CA | $309,678 | $297,751 |
Es3 Foundation San Diego, CA | $555,165 | $746,726 |
Construction Industry Advancement Fund Reno, NV | $375,560 | $211,399 |
Rebooting The Web Of Trust Inc Ventura, CA | $33,969 | $0 |
Roofing Industry Committee On Weather Issues Inc Princeville, HI | $29,393 | $0 |
Ecological Building Network San Rafael, CA | $22,041 | $6,444 |