CALIFORNIA BIOTECHNOLOGY FOUNDATION

EIN: 770720482 501(c)(3) Science & Technology

SACRAMENTO, CA

Total Revenue
$773,002
Total Expenses
$765,262
Total Assets
$48,401
Net Assets
$48,401
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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
PATRICIA COOPER
Tax Period
2023-01-01 to 2023-12-31

CALIFORNIA BIOTECHNOLOGY FOUNDATION, founded in 2008, is a small nonprofit in the Science & Technology sector that reported $773K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE PRIMARY OBJECTIVES AND PURPOSES OF THIS CORPORATION SHALL BE TO EDUCATE THE PUBLIC CONCERNING BIOTECHNOLOGY AND HEALTHCARE-RELATED FIELDS

Program Service Accomplishments

Program 1
Expenses: $674,639

HIGHLIGHT LIFE SCIENCE INDUSTRYS EFFORTS ON COMBATING COVID-19 AND OTHER ILLNESSES*CBF CONTINUED PUBLISHING WEEKLY COVID-19 UPDATE NEWSLETTER IN 2022 WITH EMERGING NEWS AND PERTINENT INFORMATION...

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HIGHLIGHT LIFE SCIENCE INDUSTRYS EFFORTS ON COMBATING COVID-19 AND OTHER ILLNESSES*CBF CONTINUED PUBLISHING WEEKLY COVID-19 UPDATE NEWSLETTER IN 2022 WITH EMERGING NEWS AND PERTINENT INFORMATION RELATED TO LIFE SCIENCE ADVANCEMENTS IN TESTING, TREATMENTS, AND VACCINES.*CBF USED SOCIAL MEDIA, THE WEBSITE, AND DIGITAL ADVERTISING TO SHARE UPDATES ON THE EMERGING MPOX PUBLIC HEALTH CHALLENGE. MATERIALS INCLUDED HIGHLIGHTS OF EFFORTS TO PREVENT MPOX FROM REACHING PANDEMIC STATUS. THESE EFFORTS WERE HIGHLIGHTED IN CBFS MONTHLY NEWSLETTER.*DEVELOPED COVID-19 TIMELINE FACT SHEET ON VACCINES, TESTS, TREATMENTS FOR MONTHLY NEWSLETTER.OTHER EDUCATION *OVERVIEW OF LIFE SCIENCES IN CALIFORNIA TO POLICYMAKERS AT A BRIEFING.*ENGAGED POLICYMAKERS THROUGH REGULAR EMAIL UPDATES, NEWSLETTER CONTENT AND SOCIAL MEDIA. *POSITION CBF AS THE GO-TO INFORMATIONAL RESOURCE TO LEARN MORE ABOUT CA LIFE SCIENCES *EVENT TOUR OF WA LIFE SCIENCES WITH INDUSTRY REPRESENTATIVESCOLLATERAL: FACTS SHEETS, UPDATES, AND NEWSLETTERS*COVID-19 TIMELINE OF LIFE SCIENCE MEDICAL INNOVATIONS FACT SHEET: STEPS TAKEN TO COMBAT THE COVID-19 PANDEMIC AND DISPEL MISINFORMATION RELATED TO VACCINE DEVELOPMENT AND DEPLOYMENT.*LIFE SCIENCE INNOVATIONS FIGHT COVID-19 FACT SHEET: CAS ROLE IN DEVELOPING APPROACHES TO TESTING, CLINICAL TRIALS, VACCINES, AND TREATMENTS.*JAMA STUDY EXAMINES WHETHER 340B DRUG DISCOUNT PROGRAM GENUINELY SERVES VULNERABLE COMMUNITIES FACT SHEET: DEVELOPED IN RESPONSE TO A JAMA STUDY SHOWING THAT 340B BENEFITS PRIMARILY SERVED WHITE, AFFLUENT AREAS.*DMHC REPORT SHOWS HEALTH PLAN PROFIT AND NON-MEDICAL EXPENSES FAR EXCEED RX EXPENDITURES FACT SHEET: DMHC REPORTS ON PRESCRIPTION DRUG CONSUMER EXPENDITURES. MAINTAIN STAKEHOLDER RELATIONSHIPS*BIOCOM 2021 ECONOMIC IMPACT REPORT DATABOOK INFORMATION*REGULARLY ATTENDANCE AT A VARIETY OF STAKEHOLDER MEETINGS*HIGHLIGHT STAKEHOLDERS AT EVENTS, AND IN NEWSLETTERS AND SOCIAL MEDIA *AMPLIFY THE LATEST STAKEHOLDER NEWS AND EVENTS EXECUTE SOCIAL MEDIA CAMPAIGN TO LEVERAGE FACTS AROUND LIFE SCIENCES IN CA*DESIGNED AND EXECUTED MULTIPLE SOCIAL MEDIA AND DIGITAL DISPLAY CAMPAIGNS TO EDUCATE STAKEHOLDERS.*STRATEGICALLY DEPLOYED DIGITAL TO SUPPORT PRIORITY ACTIVITIES OF THE TEAM TO BRING HISTORICALLY OFFLINE ACTIVITIES INTO A DIGITAL ENVIRONMENT. *CBF MAINTAINS A ROBUST ORGANIC SOCIAL MEDIA PRESENCE INCLUDING SHARING THE LATEST NEWS AND EVENTS FROM STAKEHOLDER AND HIGHLIGHTING HEALTHCARE STAKEHOLDERS ON SOCIAL MEDIA DURING AWARENESS MONTHS SUCH AS HISPANIC HERITAGE MONTH AND BREAST CANCER AWARENESS MONTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $773,002
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $773,002

Expense Breakdown

Grants Paid $0
Salaries & Benefits $158,153
Fundraising Expenses $0
Program Expenses $674,639
Other Expenses $607,109
TOTAL EXPENSES $765,262

Year-over-Year Comparison

2023 2022 Change
Revenue $773,002 $872,550 -0.1%
Expenses $765,262 $899,739 -0.1%
Net Income $7,740 $-27,189 -1.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

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
3
$158,153
Total Directors
3
$158,153
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA COOPER TREASURER 40.00
Officer Director
$122,632 $35,521 $158,153
AMANDA BANKS SECRETARY 1.00
Officer Director
$0 $0 $0
JOSEPH PANETTA CHAIRMAN 1.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $773,002 $765,262 $48,401 $7,740
2022 $872,550 $899,739 $40,661 $-27,189
2021 $860,600 $752,305 $67,850 $108,295
2020 $641,807 $620,142 No data $21,665
2019 $607,265 $642,028 No data $-34,763
2018 $579,500 $622,477 No data $-42,977
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