University Lab Partners
- Assets
- $3.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Irvine, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-1790343
Organization Overview
University Lab Partners is located in Irvine, CA. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, University Lab Partners employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Lab Partners 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, University Lab Partners generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $4.0m during the year ending 12/2021. 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
ACCELERATE GROWTH OF THE BIOMEDICAL INDUSTRY VIA AN OPEN INNOVATION PLATFORM THAT PROVIDES ECONOMICAL LAB AND OFFICE SPACE, VALUABLE TECHNICAL RESOURCES, AND A NETWORK OF STRATEGIC PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATED GROWTH OF THE BIOMEDICAL INDUSTRY VIA AN OPEN INNOVATION PLATFORM THAT PROVIDES ECONOMICAL LAB AND OFFICE SPACE, VALUABLE TECHNICAL RESOURCES, AND A NETWORK OF STRATEGIC PARTNERSHIPS.
THE ORGANIZATION BEGAN PROVIDING MANAGEMENT AND OVERSIGHT SERVICES FOR THE RAPID ACCELERATION OF DIAGNOSTICS (RADX) INITIATIVE, A PROGRAM SPONSORED BY THE U.S. NATIONAL INSTITUTES OF HEALTH (NI), TO SPEED INNOVATION IN THE DEVELOPMENT, COMMERCIALIZATION, AND IMPLEMENTATION OF TECHNOLOGIES FOR COVID-19 TESTING.
AS PART OF ITS OPERATION, THE ORGANIZATION IS ESTABLISHING A WORKFORCE DEVELOPMENT PROJECT TO PROVIDE HANDS-ON TRAINING IN THE LAB FOR ENTRY LEVEL LABORATORY TECHNICIANS, WITH THE SUPPORT AND COLLABORATION OF OTHER CHARITABLE ORGANIZATIONS IN ORANGE COUNTY FOCUSING ON IMPROVING THE LIVES OF ORANGE COUNTY RESIDENTS SEEKING TO IMPROVE THEIR SKILL SETS TO QUALIFY FOR BETTER PAYING, MORE SATISFYING EMPLOYMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Koch Karin L Managing Director | 40 | $123,758 | |
Bohdan Gregory A Cfo/treasurer | OfficerTrustee | 12 | $90,972 |
Beall Kenneth L Ceo/president | OfficerTrustee | 8 | $0 |
Maune Hareem Secretary | OfficerTrustee | 1 | $0 |
Gerace John Director | Trustee | 1 | $0 |
Rakestraw Michael Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Masterman-smith Research For Radx Program | 12/30/21 | $295,313 |
Ares Innovation Llc Research For Radx Program | 12/30/21 | $311,525 |
Koser Consulting Research For Radx Program | 12/30/21 | $293,300 |
Julia Zakashansky Research For Radx Program | 12/30/21 | $156,263 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $304,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,407 |
| Total Program Service Revenue | $3,393,293 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,756,700 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,831 |
| Pension plan accruals and contributions | $10,355 |
| Other employee benefits | $27,661 |
| Payroll taxes | $29,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,765 |
| Fees for services: Accounting | $72,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $14,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,587,451 |
| Advertising and promotion | $79,889 |
| Office expenses | $53,613 |
| Information technology | $65,930 |
| Royalties | $0 |
| Occupancy | $1,296,467 |
| Travel | $6,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,013 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $337,275 |
| Insurance | $15,381 |
| All other expenses | $2,607 |
| Total functional expenses | $4,048,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,912 |
| 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 | $116,475 |
| Net Land, buildings, and equipment | $2,612,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $184,419 |
| Total assets | $3,170,025 |
| Accounts payable and accrued expenses | $629,176 |
| Grants payable | $0 |
| Deferred revenue | $137,262 |
| 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 | $0 |
| Total liabilities | $766,438 |
| Net assets without donor restrictions | $2,403,587 |
| 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 | $3,170,025 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Lab Partners has recieved totaling $1,050,000.
| Awarding Organization | Amount |
|---|---|
The Beall Family Foundation Newport Beach, CA PURPOSE: GENERAL SUPPORT | $1,050,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Another Joy Foundation 1 Las Vegas, NV | $385,078 | $10,750 |
Health Current Phoenix, AZ | $23,747,319 | $33,338,747 |
Futuro Health Sacramento, CA | $110,017,184 | $860,894 |
Weave Inc Sacramento, CA | $13,914,949 | $13,834,479 |
California Housing Foundation Redlands, CA | $127,602,722 | $11,460,522 |
Medic Alert Foundation United States Inc Turlock, CA | $13,450,917 | $8,673,816 |
Technical Assistance Partnership Of Arizona Phoenix, AZ | $8,493,848 | $8,170,054 |
Silver State Health Services Las Vegas, NV | $4,142,806 | $6,877,372 |
Willamette Health Council Salem, OR | $2,326,042 | $6,667,856 |
George Mark Childrens Fund San Leandro, CA | $14,683,595 | $6,265,889 |
We Care Solar Berkeley, CA | $11,118,538 | $5,857,780 |
Noora Health San Francisco, CA | $51,920,130 | $52,257,405 |