University Lab Partners

Enabling life science innovators by providing resources and a network of technical, business, and talent resources.

Irvine, CA | https://www.universitylabpartners.org/

GuideStar Charity Check

EIN: 84-1790343

Contributions tax deductible
as of November 2023

IRS BMF 509(a)(2)
as of November 13, 2023

View summary

Charity Check report

Mission

ULP's mission is to empower economic development and job creation in Orange County by combining a state-of-the-art life science co-working environment with workforce development and training opportunities.

Ruling year info

2020

Executive Director

Karin Koch

Main address

5270 California Ave Ste 300

Irvine, CA 92617 USA

Show more contact info

EIN

84-1790343

Subject area info

Equal opportunity in education

STEM education

Community college education

Undergraduate education

Biotechnology

Show more subject areas

Population served info

Adolescents

Young adults

Ethnic and racial groups

Low-income people

Academics

NTEE code info

Health Support Services (E60)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Blog

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Life Science Startup Incubation

University Lab Partners (ULP) is an independent, non-profit 501c3 project of Beall Family Foundation located in UCI Research Park opened in 2019. ULP strives to drive regional economic development and job creation by providing state-of-the-art wet lab facilities and the benefits of peer-to-peer interactions among a life science-focused entrepreneurial community that is developing cutting-edge medical innovations, saving and improving human lives. ULP offers exceptional value to life science entrepreneurs looking to launch and grow their businesses in the biomedical industry with no IP or equity claims.

Population(s) Served

Adults

Ethnic and racial groups

Academics

Life Science STEM Workforce Development

University Lab Partners (ULP) is committed to making STEM careers accessible to all individuals, especially underserved students. To achieve this goal, the organization has developed and implemented various educational programs that engage students at all stages of their career paths. These programs provide real-world experience and the essential skills necessary for success in the biotechnology industry. Some of ULP's initiatives include Industry Chats, Hands-on Laboratory Courses, Digital Credentials, Medical Innovation, Research, and Entrepreneurship, and Paid Internships, all designed to engage students from high school to work professionals. By promoting inclusivity and diversity, ULP is helping to develop the next generation of STEM leaders who will drive innovation and make a positive impact in the world.

Population(s) Served

Young adults

Multiracial people

Students

Researchers

Low-income people

Where we work

Affiliations & memberships

The President's Volunteer Service Award - Certifying Organization 2022

External reviews

Photos

Videos

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

We demonstrated a willingness to learn more by reviewing resources about feedback practice.

We shared information about our current feedback practices.

How is your organization using feedback from the people you serve?

To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
Which of the following feedback practices does your organization routinely carry out?

We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
What challenges does the organization face when collecting feedback?

We don't have any major challenges to collecting feedback

Financials

University Lab Partners

Fiscal year: Jan 01 - Dec 31

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

0.16

Average of 0.40 over 4 years

Months of cash in 2022

SOURCE: IRS Form 990

2.5

Average of 2.2 over 4 years

Fringe rate in 2022

SOURCE: IRS Form 990

17%

Average of 14% over 4 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

University Lab Partners

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$2,731,407
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$400
Total Revenue	$2,731,807

Expenses
Program Services	$171,780
Administration	$469,301
Fundraising	$20,030
Total Expenses	$661,111
Net Gain/Loss	$2,070,696

Functional expenses
Accounting Fees	$24,724
Advertising & Promotion	$63,853
Information Technology Expenses	$50,309
Insurance Expenses	$5,292
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$93,453
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,059,740
Government Grants	$801,382
Program Services	$1,561,889
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,423,011

Expenses
Program Services	$1,968,245
Administration	$829,794
Fundraising	$600
Total Expenses	$2,798,639
Net Gain/Loss	$624,372

Functional expenses
Accounting Fees	$34,891
Advertising & Promotion	$91,888
Information Technology Expenses	$34,322
Insurance Expenses	$21,177
Interest Expenses	$280
Investment Management Fees	$0
Legal Fees	$49,613
Pension Plan Contributions	$935
Professional Fundraising Expenses	$600

Revenue
Contributions	$58,500
Government Grants	$304,907
Program Services	$3,393,293
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$3,756,700

Expenses
Program Services	$2,945,220
Administration	$1,072,985
Fundraising	$29,976
Total Expenses	$4,048,181
Net Gain/Loss	($291,481)

Functional expenses
Accounting Fees	$72,535
Advertising & Promotion	$79,889
Information Technology Expenses	$65,930
Insurance Expenses	$15,381
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$44,765
Pension Plan Contributions	$10,355
Professional Fundraising Expenses	$14,250

Revenue
Contributions	$119,081
Government Grants	$145,866
Program Services	$4,581,288
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$4,846,235

Expenses
Program Services	$3,237,240
Administration	$1,331,181
Fundraising	$39,317
Total Expenses	$4,607,738
Net Gain/Loss	$238,497

Functional expenses
Accounting Fees	$70,000
Advertising & Promotion	$18,008
Information Technology Expenses	$84,406
Insurance Expenses	$27,036
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$6,802
Pension Plan Contributions	$6,999
Professional Fundraising Expenses	$38,873

University Lab Partners

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	May 09, 2019	Dec 31, 2019	Change
Contributions	$2,731,407
Cash & Equivalents	$0	$184,619	$184,619
Accounts Receivable	$0	$77,292	$77,292
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$2,652,589	$2,652,589
Other	$0	$136,154	$136,154
Total Assets	$0	$3,050,654	$3,050,654

Liabilities	May 09, 2019	Dec 31, 2019	Change
Accounts Payable	$0	$949,333	$949,333
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$30,625	$30,625
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$0	$979,958	$979,958

Fund balance	May 09, 2019	Dec 31, 2019	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$0	$2,070,696	$2,070,696
Net Assets	$0	$2,070,696	$2,070,696

Assets	Jan 01, 2020	Dec 31, 2020	Change
Contributions	$1,059,740
Cash & Equivalents	$184,619	$510,359	$325,740
Accounts Receivable	$77,292	$289,425	$212,133
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$2,652,589	$2,679,675	$27,086
Other	$136,154	$178,184	$42,030
Total Assets	$3,050,654	$3,657,643	$606,989

Liabilities	Jan 01, 2020	Dec 31, 2020	Change
Accounts Payable	$949,333	$823,382	($125,951)
Grants Payable	$0	$0	$0
Deferred Revenue	$30,625	$95,193	$64,568
Loans and Notes	$0	$44,000	$44,000
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$979,958	$962,575	($17,383)

Fund balance	Jan 01, 2020	Dec 31, 2020	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$2,070,696	$2,695,068	$624,372
Net Assets	$2,070,696	$2,695,068	$624,372

Assets	Jan 01, 2021	Dec 31, 2021	Change
Contributions	$58,500
Cash & Equivalents	$510,359	$158,663	($351,696)
Accounts Receivable	$289,425	$97,912	($191,513)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$2,679,675	$2,612,556	($67,119)
Other	$178,184	$300,894	$122,710
Total Assets	$3,657,643	$3,170,025	($487,618)

Liabilities	Jan 01, 2021	Dec 31, 2021	Change
Accounts Payable	$823,382	$629,176	($194,206)
Grants Payable	$0	$0	$0
Deferred Revenue	$95,193	$137,262	$42,069
Loans and Notes	$44,000	$0	($44,000)
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$962,575	$766,438	($196,137)

Fund balance	Jan 01, 2021	Dec 31, 2021	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$2,695,068	$2,403,587	($291,481)
Net Assets	$2,695,068	$2,403,587	($291,481)

Assets	Jan 01, 2022	Dec 31, 2022	Change
Contributions	$119,081
Cash & Equivalents	$158,663	$887,602	$728,939
Accounts Receivable	$97,912	$96,629	($1,283)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$2,612,556	$2,348,568	($263,988)
Other	$300,894	$5,380,469	$5,079,575
Total Assets	$3,170,025	$8,713,268	$5,543,243

Liabilities	Jan 01, 2022	Dec 31, 2022	Change
Accounts Payable	$629,176	$462,778	($166,398)
Grants Payable	$0	$0	$0
Deferred Revenue	$137,262	$20,906	($116,356)
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$5,587,500	$5,587,500
Total Liabilities	$766,438	$6,071,184	$5,304,746

Fund balance	Jan 01, 2022	Dec 31, 2022	Change
Temporarily Restricted Net Assets	N/A	N/A	N/A
Permanently Restricted Net Assets	N/A	N/A	N/A
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$2,403,587	$2,642,084	$238,497
Net Assets	$2,403,587	$2,642,084	$238,497

University Lab Partners

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of University Lab Partners’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	$2,070,696	$932,041	$45,794	$602,115
As % of expenses	313.2%	37.4%	1.2%	14.2%
Unrestricted surplus (deficit) after depreciation	$2,070,696	$624,372	-$291,481	$238,497
As % of expenses	313.2%	22.3%	-7.2%	5.2%

Revenue composition
Total revenue (unrestricted & restricted)	$2,731,807	$3,423,011	$3,756,700	$4,846,235
Total revenue, % change over prior year	0.0%	25.3%	9.7%	29.0%
Program services revenue	0.0%	45.6%	90.3%	94.5%
Membership dues	0.0%	0.0%	0.0%	0.0%
Investment income	0.0%	0.0%	0.0%	0.0%
Government grants	0.0%	23.4%	8.1%	3.0%
All other grants and contributions	100.0%	31.0%	1.6%	2.5%
Other revenue	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$661,111	$2,490,970	$3,710,906	$4,244,120
Total expenses, % change over prior year	0.0%	276.8%	49.0%	14.4%
Personnel	9.4%	15.4%	11.9%	17.5%
Professional fees	33.6%	35.6%	46.3%	36.5%
Occupancy	5.9%	40.6%	34.9%	38.9%
Interest	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%
All other expenses	51.1%	8.4%	6.8%	7.1%

Full cost components (estimated)	2019	2020	2021	2022
Total expenses (after depreciation)	$661,111	$2,798,639	$4,048,181	$4,607,738
One month of savings	$55,093	$207,581	$309,242	$353,677
Debt principal payment	$0	$0	$44,000	$0
Fixed asset additions	$2,652,589	$334,755	$0	$0
Total full costs (estimated)	$3,368,793	$3,340,975	$4,401,423	$4,961,415

Capital structure indicators

Liquidity	2019	2020	2021	2022
Months of cash	3.4	2.5	0.5	2.5
Months of cash and investments	3.4	2.5	0.5	2.5
Months of estimated liquid unrestricted net assets	-10.6	0.1	-0.7	0.8

Balance sheet composition	2019	2020	2021	2022
Cash	$184,619	$510,359	$158,663	$887,602
Investments	$0	$0	$0	$0
Receivables	$77,292	$289,425	$97,912	$96,629
Gross land, buildings, equipment (LBE)	$2,652,589	$2,987,344	$3,257,500	$3,357,130
Accumulated depreciation (as a % of LBE)	0.0%	10.3%	19.8%	30.0%
Liabilities (as a % of assets)	32.1%	26.3%	24.2%	69.7%
Unrestricted net assets	$2,070,696	$2,695,068	$2,403,587	$2,642,084
Temporarily restricted net assets	N/A	N/A	N/A	N/A
Permanently restricted net assets	N/A	N/A	N/A	N/A
Total restricted net assets	$0	$0	$0	$0
Total net assets	$2,070,696	$2,695,068	$2,403,587	$2,642,084

Key data checks

Key data checks	2019	2020	2021	2022
Material data errors	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Karin Koch

LinkedIn profile

Karin Koch is an experienced leader in public service with a demonstrated history of working in local government administration and economic development. Starting her career out in public service by providing direct social services as a child welfare social worker, she transitioned into the management of local economic and workforce development programs for the County of Orange, overseeing the U.S. Economic Development Administration’s Comprehensive Economic Development Strategy 2019-2023 and Business Services for the Orange County region. After 11 years of public service, she joined the Beall Family Foundation in 2019 to serve as the Executive Director of University Lab Partners (ULP), the first nonprofit life sciences wet lab incubator in Orange County, California, enabling life science innovation through access to state-of the-art research capabilities and a network of technical and business resources.

Number of employees

Source: IRS Form 990

University Lab Partners

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

University Lab Partners

Highest paid employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of highest paid employee data for this organization

University Lab Partners

Board of directors
as of 10/27/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Kenneth Beall

University Lab Partners

Gregory A Bohdan

Bohdan Corps.

John Gerace

Diasorin Molecular LLC

Hareem Maune

Applied Materials, Inc.

Michael Rakestraw

Independent Advisor

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Not applicable
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 3/22/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

Asian/Asian American

Gender identity

Female

Race & ethnicity

Gender identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 03/21/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data

We review compensation data across the organization (and by staff levels) to identify disparities by race.
We ask team members to identify racial disparities in their programs and / or portfolios.
We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
We disaggregate data by demographics, including race, in every policy and program measured.
We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.

Policies and processes

We use a vetting process to identify vendors and partners that share our commitment to race equity.
We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
We have community representation at the board level, either on the board itself or through a community advisory board.
We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities

Gross receipts from fundraising

Retained by organization

Paid to fundraiser

University Lab Partners

Enabling life science innovators by providing resources and a network of technical, business, and talent resources.

Mission

Is this your nonprofit?

Programs and results

Reports and documents

What we aim to solve

This profile needs more info.

Our programs

Life Science Startup Incubation

Life Science STEM Workforce Development

Where we work

Affiliations & memberships

How we listen

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

0.16

Months of cash in 2022 info

2.5

Fringe rate in 2022 info

17%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

University Lab Partners

University Lab Partners

University Lab Partners

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Karin Koch

Number of employees

University Lab Partners

Compensation data

University Lab Partners

Compensation data

University Lab Partners

Board of directors data

Kenneth Beall

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Equity strategies

Contractors

Professional fundraisers

Solicitation activities

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities