Delaware Bioscience Association INC FY2023 filing

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To promote and strengthen the Bioscience industry in the state of Delaware.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$185K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $231K a year · 30% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$185K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
26 mo
of spending, in cash
Looks good: 25.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$270K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$986K
+21% vs prior year
Spent
$647K
To programs
100%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$986K
FY2023▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$561K
FY2021$544K
FY2022$818K
FY2023$986K
FY2024$912K
Expenses
$647K
FY2023▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$402K
FY2021$389K
FY2022$449K
FY2023$647K
FY2024$779K
Net assets
$1.7M
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$830K
FY2021$979K
FY2022$1.3M
FY2023$1.7M
FY2024$1.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $647K Fundraising 50% · $326K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $185K paid to officers and key staff.

Part VII, Section A · reportable compensation
$185,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Fleming’s $207K as President is at the 97th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Fleming$206,537$185,000$230,000$150,000$75,289
Helen Stimson————$50,908

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Delaware Bioscience Association INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Boosts and supports Delaware's bioscience industry.

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Provided by the organization

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1 program · $647K · in their own filed words · FY2023
01

The delaware bioscience association is a member-focused, not-for-profit trade organization, with the mission of catalyzing a thriving life science landscape in delaware. During 2023, the delaware bioscience ASSOCIATION:1.

$647Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$18K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$986K
Ln 12
Gifts and grantsLn 1h$696K
Fees for servicesLn 2g$297K
Money outPt IX
$647K
Ln 25
Programscol B$647K
Fundraisingcol D$326K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.0M
LiabilitiesLn 26$270K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$696K
Government grantsLn 1e$87K
Fundraising eventsLn 1c$326K
Fees for servicesLn 2g$297K
Total revenueLn 12$986K
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$528K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$2.0M
LiabilitiesLn 26$270K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 55
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.4M$1.4M
InvestmentsLn 11–13$528K
Land, buildings, equipmentLn 10c$0$14K
Total assetsLn 16$1.5M$2.0M
LiabilitiesLn 26$167K$270K
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K
Pay of current officers, directors and key staffLn 5$266K
Other salaries and wagesLn 7$153K
Payroll taxesLn 10$26K
Management feesLn 11a$90K
Legal feesLn 11b$17K
Accounting feesLn 11c$15K
Other fees for servicesLn 11g$5K
Advertising and promotionLn 12$4K
Office expensesLn 13$3K
OccupancyLn 16$30K
TravelLn 17$11K
Conferences, conventions and meetingsLn 19$5K
Depreciation, depletion and amortizationLn 22$6K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$9K
Total functional expensesLn 25$647K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $912K$779K$132K$1.9M 990 PDF
FY2023 Viewing $986K$647K$339K$1.7M 990 PDF
FY2022 $818K$449K$369K$1.3M 990 PDF
FY2021 $544K$389K$155K$979K 990 PDF
FY2020 $561K$402K$159K$830K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $986,022 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $553,987$695,510
I-9 Program service revenuePrior year $317,212$296,862
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$53,679−$6,350
I-12 Total revenuePrior year $817,520$986,022
I-13 Grants and similar amounts paidPrior year $1,809$4,468
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $390,125$444,855
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $56,630$198,154
I-18 Total expensesPrior year $448,564$647,477
I-19 Revenue less expensesPrior year $368,956$338,545
Part VI · Governance 13 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $986,022 across 7 lines filed
VIII-1b Membership dues$282,601
VIII-1c Fundraising events$326,250
VIII-1e Government grants$86,659
VIII-1h Total contributions, gifts and grants$695,510
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $296,862$296,862
VIII-8 Net income from fundraising eventsExcluded from tax −$6,350−$6,350
VIII-12 Total revenueRelated to mission $296,862 · Unrelated business $0 · Excluded from tax −$6,350$986,022
Part IX · Statement of functional expenses $647,477 across 16 lines filed
IX-1 Grants to domestic organizations$4,468
IX-5 Pay of current officers, directors and key staff$265,564
IX-7 Other salaries and wages$152,797
IX-10 Payroll taxes$26,494
IX-11a Management fees$89,581
IX-11b Legal fees$17,000
IX-11c Accounting fees$14,800
IX-11g Other fees for services$5,067
IX-12 Advertising and promotion$4,127
IX-13 Office expenses$3,440
IX-16 Occupancy$30,472
IX-17 Travel$11,158
IX-19 Conferences, conventions and meetings$4,622
IX-22 Depreciation, depletion and amortization$5,956
IX-23 Insurance$3,179
IX-24 Other expenses (24a–d)$8,752
IX-25 Total functional expenses$647,477
Part X · Balance sheet $1,981,238 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,366,149$1,386,553
X-3 Pledges and grants receivableStart of year $141,405$52,800
X-10c Land, buildings and equipment, netStart of year $0$13,535
X-11 Publicly traded securities$528,350
X-16 Total assetsStart of year $1,511,204$1,981,238
X-17 Accounts payable and accrued expensesStart of year $9,138$81,773
X-19 Deferred revenueStart of year $158,135$188,639
X-26 Total liabilitiesStart of year $167,273$270,412
X-27 Net assets without donor restrictionsStart of year $1,343,931$1,710,826
X-32 Total net assets or fund balancesStart of year $1,343,931$1,710,826
X-33 Total liabilities and net assetsStart of year $1,511,204$1,981,238
Part XI · Reconciliation of net assets $1,710,826 net assets at year end
XI-1 Total revenue$986,022
XI-2 Total expenses$647,477
XI-3 Revenue less expenses$338,545
XI-4 Net assets at start of year$1,343,931
XI-5 Net unrealized gains (losses) on investments$28,350
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,710,826

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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