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Biocom Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261852884 ✦ San diego, CA ✦ Designated as a 501(c)(3)

Overview

What is Biocom Institute?

Biocom Institute, established in 2008 by Biocom California, is a 501(c)(3) nonprofit organization situated in San Diego, California. Their primary mission is to foster a skilled and diverse workforce for the life science sector in California, contributing to the growth of the state's life science ecosystem. They collaborate with various stakeholders, including the life science industry, government, non-profits, educational institutions, and others, to anticipate and meet the workforce needs of the life science community. Biocom Institute offers professional development opportunities in genomics through their program, Illumina Genomic Discoveries, allowing teachers to connect with real-world curriculum and industry connections. This initiative aims to empower educators to create meaningful genomic experiences for students and inspire future generations to pursue careers in life sciences. The organization has approximately 10 employees.


Official website here: www.biocominstitute.org

Is Biocom Institute legitimate?

Biocom Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Biocom Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $149,959
Professional Fundraising Fees: $0
Other Salaries and Wages: $609,535

For more financial information, click here


Official website here: www.biocominstitute.org

What is the mission statement of Biocom Institute?

The Biocom Institute, established in 2008, is a 501(c)(3) organization that collaborates with various stakeholders to foster a skilled and diverse workforce pipeline. Its mission is to accelerate the growth of the life science ecosystem by addressing and anticipating the workforce needs of the life science community. The organization promotes the advancement of life science talent globally, collaborating with the life science industry, government, non-profits, educational institutions, and other relevant entities. The Biocom Institute partners with companies like Illumina to provide teachers with opportunities for professional development in genomics, aiming to empower them to create engaging learning experiences for students in the field of life sciences.


Official website here: www.biocominstitute.org

Who is the CEO of Biocom Institute?

Joseph D Panetta is the President & Ceo of Biocom Institute. The CEO's salary of Biocom Institute is $0 and their total compensation is $1,233,964.


Official website here: www.biocominstitute.org

What is the revenue of Biocom Institute?

Biocom Institute's revenue in 2022 was $1,717,341.


Official website here: www.biocominstitute.org

Who are the executives of Biocom Institute and what are their salaries?

The average compensation at Biocom Institute during 2022 was $75,949. There are 10 employees and 7 volunteers at Biocom Institute.

Here are 10 key members and their salaries (Biocom Institute's CEO's salary is $0 and their total compensation is $1,233,964):

    Joseph D Panetta (President & Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $1,067,445
  • Other: $166,519

    • Karmin Noar (Executive Director)
  • Compensation: $149,959
  • Related: $0
  • Other: $0

    • David Webb Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy Solorio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Willie Zuniga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susie Harborth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah Wafer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Sierra (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kit Pogliano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jamie Arterton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.biocominstitute.org

    Where can I find the form 990 for Biocom Institute?

    The Biocom Institute’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.biocominstitute.org

    Learn more at the official website: www.biocominstitute.org

    Mission Statement of Biocom Institute

    Biocom Institute, established in 2008, is a 501(c)(3) organization with a mission to develop and promote a diverse and skilled workforce pipeline. This nonprofit organization, founded by Biocom, California's most experienced advocate for the life science sector, aims to accelerate the growth of the life science ecosystem in California. Biocom Institute collaborates with various stakeholders, including the life science industry, government, non-profits, educational institutions, and other relevant parties, to identify and meet the workforce needs of the life science community. By promoting the advancement of life science talent globally, the organization seeks to contribute to the growth and success of California's life science sector.

    In a partnership with Illumina, Biocom Institute offers opportunities for teachers to engage with the world of genomics. Through professional development, real-world curriculum, and industry connections, educators can learn about genomics and inspire their students to pursue careers in life sciences. By empowering teachers in this way, Biocom Institute aims to create meaningful experiences around genomics and inspire the next generation of life scientists. In summary, Biocom Institute's mission is to foster a skilled and diverse workforce pipeline in the life science sector, collaborating with various stakeholders to meet the industry's needs and promote the advancement of life science talent on a global scale.

    Impact

    This information is meant to be a general summary of Biocom Institute. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Biocom Institute has made a significant impact on the California life science ecosystem by developing and promoting a skilled and diverse pipeline of talent. Through collaborations with various stakeholders, including the life science industry, government, educational institutions, and nonprofits, Biocom Institute anticipates and meets the workforce needs of the life science community. One notable initiative is the partnership with Illumina to create opportunities for teachers to access genomics-focused professional development, real-world curriculum, and industry connections. By empowering teachers to inspire students in genomics and pursue careers in life sciences, Biocom Institute is playing a crucial role in shaping the future of the industry.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $722
  • Program Service Revenue: $209,452
  • Gross Receipts: $1,790,793

    • Assets and Liabilities:
  • Total Assets: $712,895
  • Total Liabilities: $339,190
  • Net Assets: $373,705
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EDUCATION SERIES

    Revenue

    $209,452

    Organization Details

    Founding Year

    2008

    Principal Officer

    Joseph D Panetta

    Main Address

    10996 TORREYANA RD 200, SAN DIEGO, CA, 92121

    NTEE Category

    Code: U99 - Science research

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