BIOCOM INSTITUTE

EIN: 261852884 501(c)(3) Science & Technology

SAN DIEGO, CA

Total Revenue
$1,409,806
Total Expenses
$1,245,113
Total Assets
$403,305
Net Assets
$299,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
FRANCESCO SHEROD
Phone
8588324162
Tax Period
2024-01-01 to 2024-12-31

BIOCOM INSTITUTE, founded in 2008, is a community nonprofit in the Science & Technology sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 12% surplus.

Mission

BIOCOM CALIFORNIA INSTITUTE IS A 501(C)(3) ORGANIZATION ESTABLISHED IN 2008 BY BIOCOM CALIFORNIA, 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 CALIFORNIA'S LIFE SCIENCE ECOSYSTEM.

Program Service Accomplishments

Program 1
Expenses: $17,577 Revenue: $204,625

NOVAWORKS: THIS AGREEMENT ESTABLISHES A PARTNERSHIP BETWEEN THE CITY OF SUNNYVALE'S NOVA WORKFORCE BOARDAND BIOCOM CALIFORNIA INSTITUTE TO DELIVER LIFE SCIENCE INDUSTRY WORKFORCE DEVELOPMENT...

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NOVAWORKS: THIS AGREEMENT ESTABLISHES A PARTNERSHIP BETWEEN THE CITY OF SUNNYVALE'S NOVA WORKFORCE BOARDAND BIOCOM CALIFORNIA INSTITUTE TO DELIVER LIFE SCIENCE INDUSTRY WORKFORCE DEVELOPMENT SERVICESUNDER THE WORKFORCE INNOVATION AND OPPORTUNITY ACT. THE PARTNERSHIP FOCUSES ON THREE KEYCOMPONENTS: (1) SUPPORTING LIFE SCIENCE COMPANIES ADJUSTING THEIR WORKFORCE SIZE THROUGH WORKERADJUSTMENT AND RETRAINING NOTIFICATION (WARN) ASSISTANCE, (2) FACILITATING BUSINESS AND JOB SEEKERENGAGEMENT THROUGH INDUSTRY EVENTS AND WEBINARS, AND (3) IMPLEMENTING A CAREER EXPLORATIONFELLOWSHIP PROGRAM CONNECTING JOB SEEKERS WITH MENTORS AND TRAINING OPPORTUNITIES. THE TOTALFUNDING FOR THIS PARTNERSHIP IS $150,000 FOR THE PERIOD FROM JULY 31, 2024, THROUGH JULY 30, 2025. THEAGREEMENT REPRESENTS A CONTINUATION OF WORKFORCE DEVELOPMENT EORTS AIMED AT ENHANCING NOVAWORKFORCE SERVICES' CONNECTIONS TO LIFE SCIENCE INDUSTRY EMPLOYERS AND IMPROVING EMPLOYMENTOUTCOMES FOR JOB SEEKERS.

Program 2
Expenses: $87,664 Revenue: $159,152

THIS AGREEMENT ESTABLISHES A PARTNERSHIP BETWEEN THE VERDUGO WORKFORCE DEVELOPMENT BOARD(VWDB) AND BIOCOM CALIFORNIA INSTITUTE TO DELIVER LIFE SCIENCE INDUSTRY WORKFORCE DEVELOPMENTSERVICES. THE...

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THIS AGREEMENT ESTABLISHES A PARTNERSHIP BETWEEN THE VERDUGO WORKFORCE DEVELOPMENT BOARD(VWDB) AND BIOCOM CALIFORNIA INSTITUTE TO DELIVER LIFE SCIENCE INDUSTRY WORKFORCE DEVELOPMENTSERVICES. THE PARTNERSHIP FOCUSES ON TWO KEY COMPONENTS: (1) IMPLEMENTING A CAREER EXPLORATIONFELLOWSHIP PROGRAM AND (2) SUPPORTING THE GROWTH AND ENHANCEMENT OF THE BIOCOM INSTITUTETECHNICIAN CERTIFICATION (BIOTC).THE FELLOWSHIP PROGRAM WILL CONNECT JOB SEEKERS WITH MENTORS AND TRAINING OPPORTUNITIES THROUGHACTIVITIES INCLUDING PROGRAM PLANNING, CUSTOMIZED MARKETING MATERIALS DEVELOPMENT, APPLICATIONPROCESSING, MENTOR-FELLOW MATCHING, EVENT COORDINATION (ORIENTATION, CAREER PANELS, MEET AND GREETEVENTS), AND PROGRAM MONITORING WITH SURVEYS AND CHECK-INS.THE BIOTC PROGRAM INVOLVES COLLABORATION WITH THE VWDB, GRIFOLS BIOLOGICALS LLC, AND LOS ANGELESVALLEY COLLEGE TO EXPAND THIS INDUSTRY-RECOGNIZED CREDENTIAL PROGRAM TO SUPPORT WORKFORCEDEVELOPMENT IN THE LIFE SCIENCES SECTOR. THIS INCLUDES TECHNICAL ASSISTANCE TO ENHANCE THECREDENTIAL'S REACH AND IMPLEMENTATION.THE AGREEMENT REPRESENTS A STRATEGIC WORKFORCE DEVELOPMENT INITIATIVE AIMED AT STRENGTHENINGCONNECTIONS BETWEEN JOB SEEKERS AND LIFE SCIENCE INDUSTRY EMPLOYERS WHILE DEVELOPING INDUSTRYRECOGNIZEDCREDENTIALS TO IMPROVE EMPLOYMENT OUTCOMES.

Program 3
Expenses: $3,241 Revenue: $10,569

THIS AGREEMENT ESTABLISHES A PARTNERSHIP BETWEEN THE NATIONAL INSTITUTE FOR INNOVATION INMANUFACTURING BIOPHARMACEUTICALS (NIIMBL), SANTA CLARA UNIVERSITY (SCU), BIOCOM CALIFORNIAINSTITUTE, MERCK...

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THIS AGREEMENT ESTABLISHES A PARTNERSHIP BETWEEN THE NATIONAL INSTITUTE FOR INNOVATION INMANUFACTURING BIOPHARMACEUTICALS (NIIMBL), SANTA CLARA UNIVERSITY (SCU), BIOCOM CALIFORNIAINSTITUTE, MERCK SHARP & DOHME LLC, AND GENENTECH TO DEVELOP AND IMPLEMENT THE "BIOCAD DATAPROGRAMMING FOR BIOMANUFACTURING SCALE-UP" PROJECT. RUNNING FROM JANUARY 1, 2025 THROUGH JUNE30, 2026, THE PROJECT FOCUSES ON FOUR KEY COMPONENTS:1. BUILDING DISSEMINATION CHANNELS BY IMPLEMENTING BIOCAD WITH COHORTS OF INDUSTRYPARTICIPANTS INCLUDING 100 GENENTECH INTERNS, 10 MERCK EMPLOYEES, 20 BIOCOM STUDENT ANDVETERAN FELLOWS, AND 20+ RETRAINING WORKERS, WHILE LAUNCHING THE BIOCAD INTERMEDIATE DATAPROGRAMMING FOR BIOMANUFACTURING CERTIFICATE NATIONALLY.2. DEVELOPING PRIMERS AND INTERMEDIATE COURSES IN DOWNSTREAM PROCESSES ANALYTICS INCLUDINGSTATISTICAL METHODS AND BIOMANUFACTURING PROCESS DATA PROGRAMMING.3. CREATING AND EVALUATING INTERMEDIATE DATA PROGRAMMING PROBLEMS AND ADVANCED CASES FORCOMPLEX END-TO-END MANUFACTURING SCENARIOS, WITH 6-8 HANDS-ON PROBLEMS AND ADVANCEDCASES FOCUSING ON EMERGING BIOPHARMACEUTICAL MANUFACTURING MODALITIES.4. ADAPTING BIOCAD MATERIALS FOR COMMUNITY COLLEGE INSTRUCTORS AND RETRAINING PROGRAMSTHROUGH NEEDS ANALYSIS, COMMUNITY COLLEGE INSTRUCTOR ADAPTATION, AND PILOTIMPLEMENTATIONS.ADDITIONALLY, BIOCOM CALIFORNIA INSTITUTE HOSTS PARTICIPANTS OF THE NIIMBL EXPERIENCE PROGRAM, ANEXCLUSIVE ALL-EXPENSES-PAID IMMERSION PROGRAM THAT PROVIDES FIRST AND SECOND-YEAR COLLEGESTUDENTS WITH REAL-WORLD INSIGHT INTO BIOPHARMACEUTICAL INDUSTRY CAREERS. THE PROGRAM FEATURES AFULL-DAY IMMERSIVE EXPERIENCE AT BIOCOM'S OICE WITH HANDS-ON ACTIVITIES AND DIRECT INTERACTIONSWITH INDUSTRY PROFESSIONALS. THIS PROGRAM AIMS TO INCREASE ACCESS TO THE BIOPHARMACEUTICALMANUFACTURING INDUSTRY AMONG DOMESTIC STUDENTS, BROADEN TALENT PIPELINES BY CONNECTING INDUSTRYWITH TALENTED STUDENTS, AND OER EXPOSURE TO THE ENTIRE BIOPHARMA MANUFACTURING ECOSYSTEM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,408,384
Program Service Revenue $0
Investment Income $1,422
Other Revenue $0
TOTAL REVENUE $1,409,806

Expense Breakdown

Grants Paid $0
Salaries & Benefits $801,166
Fundraising Expenses $0
Program Expenses $1,079,806
Other Expenses $443,947
TOTAL EXPENSES $1,245,113

Year-over-Year Comparison

2024 2023 Change
Revenue $1,409,806 $815,255 +0.7%
Expenses $1,245,113 $1,091,933 +0.1%
Net Income $164,693 $-276,678 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
6
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$1,263,315
Total Directors
8
$1,263,315
Key Employees
1
$252,205
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH D PANETTA PRESIDENT & CEO 1.00
Officer Director
$0 $216,598 $1,263,315
AILEEN GIPSON DIRECTOR 0.50
Director
$0 $0 $0
DAVID WEBB PHD DIRECTOR 0.50
Director
$0 $0 $0
STACY SOLORIO DIRECTOR 0.50
Director
$0 $0 $0
WILLIE ZUNIGA DIRECTOR 0.50
Director
$0 $0 $0
DEBORAH WAFER DIRECTOR 0.50
Director
$0 $0 $0
KIT POGLIANO DIRECTOR 0.50
Director
$0 $0 $0
JAMIE ARTERTON DIRECTOR 0.50
Director
$0 $0 $0
VICKI BRANNOCK SENIOR DIRECTOR, WORKFORCE 40.00
Key Emp
$211,422 $40,783 $252,205
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,409,806 $1,245,113 $403,305 $164,693
2023 $815,255 $1,091,933 $284,614 $-276,678
2022 $1,717,341 $1,460,934 $712,895 $256,407
2021 $1,938,912 $1,486,523 $371,676 $452,389
2020 $1,758,659 $1,813,560 $780,351 $-54,901
2019 $1,488,416 $1,426,317 $585,551 $62,099
2018 $1,046,637 $1,279,628 $485,681 $-232,991
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