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California Biotechnology Foundation

EIN 77-0720482 · Sacramento, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak30 out of 100GovernanceWeak44 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The primary objectives and purposes of corporation shall be to educate the public concerning biotechnology and healthcare - related fields

Income
$655,214
Spending
$738,709
Spent on programs
80%
Reserves
-0.6 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Highest pay
$207,072, treasurer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 30 out of 100. Higher than 5% of charities in its peer group (science, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Living within its means

    4 of 15

    Spending exceeded income by 13% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 44 out of 100. Higher than 13% of charities in its peer group (science, $250k to $1m).

  • Independent board

    18 of 25

    2 of 3 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $590,966 spent. EXPLANATIONHIGHLIGHT 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 REPRESENTATIVES COLLATERAL: 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 ANDNON-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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2010.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.