University Lab Partners

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

GuideStar Charity Check

University Lab Partners

EIN: 84-1790343


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


Executive Director

Karin Koch

Main address

5270 California Ave Ste 300

Irvine, CA 92617 USA

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Subject area info

Equal opportunity in education

STEM education

Community college education

Undergraduate education


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Population served info


Young adults

Ethnic and racial groups

Low-income people


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



What we aim to solve

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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
Ethnic and racial groups

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
Low-income people

Where we work

Affiliations & memberships

The President's Volunteer Service Award - Certifying Organization 2022

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.

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


University Lab Partners
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 2020-2021 Audited Financial Statements 2020 2019-2020 Audited Financial Statements
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 0.40 over 4 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 2.2 over 4 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 14% over 4 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

University Lab Partners

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

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: cloud_download Download Data

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.

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Business model indicators

Profitability info 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 info
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 info
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) info 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 info 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 info 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 info 2019 2020 2021 2022
Material data errors No No No No


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

Form 1023/1024 is not available for this organization

Executive Director

Karin Koch

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

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

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

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


The organization's leader identifies as:

Race & ethnicity
Asian/Asian American
Gender identity

Race & ethnicity

Gender identity


Sexual orientation

No data


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

  • 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.


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