Biocom San Diego
- Assets
- $16.2m
- Revenue
- $14.2m
- Investments
- $1.0
- Employees
- 58
- Location
- San Diego, CA
- Founding
- 10/1992
- Data as of
- 12/2023
- 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 12/2023, Biocom San Diego employed 58 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 12/2023, Biocom San Diego generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $14.7m during the year ending 12/2023. While expenses have increased by 14.2% per year over the past 9 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
2023
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.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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Butler Director | Trustee | 1 | $0 |
Bernard Parker Director | Trustee | 1 | $0 |
Carin Canale-Theakston Director / Vice Chair | Trustee | 1 | $0 |
Christophe Schilling PHD Director / Chair | Trustee | 1 | $0 |
Daniel Burgess Director / Chair Emeritus | Trustee | 1 | $0 |
Daniel Kleeburg Director / VP Finance | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Lodge At Torrey Pines Event Space / Food&beverage | 12/30/22 | $276,174 |
Beyond Benefits Life Science Assoc Trus Employee Benefits Expense | 12/30/22 | $936,808 |
Grizzly Inc Marketing | 12/30/22 | $209,005 |
Swanson Communications Public Policy Consultant Expense | 12/30/22 | $200,500 |
Kqed Marketing | 12/30/22 | $159,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,739,532 |
| 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 | $10,739,532 |
| Total Program Service Revenue | $3,165,970 |
| Investment income | $202,296 |
| 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 | $14,177,478 |
| 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. | $2,598,815 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,944,352 |
| Pension plan accruals and contributions | $218,265 |
| Other employee benefits | $1,187,269 |
| Payroll taxes | $534,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,046 |
| Fees for services: Accounting | $24,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $363,041 |
| Advertising and promotion | $471,042 |
| Office expenses | $27,888 |
| Information technology | $74,858 |
| Royalties | $0 |
| Occupancy | $781,799 |
| Travel | $347,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,886 |
| Interest | $733 |
| Payments to affiliates | $38,000 |
| Depreciation, depletion, and amortization | $130,897 |
| Insurance | $36,958 |
| All other expenses | $831,823 |
| Total functional expenses | $14,678,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,895,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000,050 |
| 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 | $233,305 |
| Net Land, buildings, and equipment | $500,531 |
| Investments—publicly traded securities | $440,432 |
| Investments—other securities | $1 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,168,120 |
| Total assets | $16,237,500 |
| Accounts payable and accrued expenses | $2,520,710 |
| Grants payable | $0 |
| Deferred revenue | $6,944,733 |
| 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 | $5,931,126 |
| Total liabilities | $15,396,569 |
| Net assets without donor restrictions | $840,931 |
| 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 | $16,237,500 |