Life Sciences Pennsylvania FY2020 filing

Not tax-deductible

Kng of Prussa, PA501(c)(6)EIN 25-1621500Revenue $2.7M in FY2020

On file with the IRSlifesciencespa.org411 Swedeland Rd Ste 23-1080, 19406-2787 · Kng of Prussa, PATax-exempt since Oct 1990

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Ensure Pennsylvania is the united states hub for the Life Sciences by creating a business and public policy environment which fosters Life Sciences growth and success.

37¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
1 of 5
filings with a surplus
Average deficit $121K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $110K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
39
of 40 voting members
Looks good: 39 of 40 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
Spent
$2.9M
To programs
37%
Net assets
$378K
By yearFY2020–FY2024
Revenue
$2.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$2.9M
FY2022$3.2M
FY2023$4.0M
FY2024$4.5M
Expenses
$2.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$3.0M
FY2022$3.2M
FY2023$4.1M
FY2024$4.8M
Net assets
$378K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$378K
FY2021$314K
FY2022$347K
FY2023$270K
FY2024−$31K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Oct 1990.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $1.1M Management & general 63% · $1.8M

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

43 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$527,550Pt VII · Sec A
$219,300Pt VII · Sec A
$127,305Pt VII · Sec A
Employee
$126,075Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christopher Molineaux$662,835$625,130$569,018$542,750$527,550
Karen L Delone$289,192$272,335$240,526$227,739$219,300
Kurt E Imhof$183,047$166,079$164,593$129,857$126,075
Jennifer G Young————$127,305
Melissa Callum$115,101$101,679———
Lois Stephens—$105,268———
Lara Flynn$102,668————

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.

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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

Fosters life sciences growth and success in Pennsylvania through business and public policy.

Questions for Life Sciences Pennsylvania

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2020
01

The association runs a series of life sciences educational and networking meetings.

$1.0Mprogram expense
02

Life sciences future provides a unique opportunity for presenters to share their research aimed at solving problems and addressing medical needs, along with industry leaders focusing on key issues facing the lifescience industry.

$64Kprogram expense
03

The association provides its members with group purchasing pricing on goods and supplies. The association received $652,788 in affinity group purchase royalty income exempt from tax under section 512(b)(2).

Pt IX · col B

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
See all 4 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$1.2M
Other incomeLn 4–11$42K
Money outPt IX
$2.9M
Ln 25
Programscol B$1.1M
Managementcol C$1.8M
Owns and owesPt X
$378K
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
43
listed · VII A
PaidVII A4
Voting boardVI 1a40
IndependentVI 1b39
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$17K
Other incomeLn 4–11$42K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$357K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$214K
Other assetsLn 15$7K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.0M
Net assetsLn 32$378K
OperationsPt I, VI
EmployeesI 518
VolunteersI 626
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.3M$1.5M
Land, buildings, equipmentLn 10c$237K$214K
Total assetsLn 16$3.1M$2.4M
LiabilitiesLn 26$2.5M$2.0M
Net assetsLn 32$576K$378K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$528K$174K$353K
Other salaries and wagesLn 7$1.0M$494K$534K
Other employee benefitsLn 9$263K$84K$179K
Payroll taxesLn 10$97K$31K$66K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$15K$15K
Lobbying feesLn 11d$41K$41K
Other fees for servicesLn 11g$116K$116K
Office expensesLn 13$37K$37K
Information technologyLn 14$21K$6K$14K
OccupancyLn 16$248K$248K
TravelLn 17$20K$20K
Conferences, conventions and meetingsLn 19$64K$64K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$388K$226K$161K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$2.9M$1.1M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.5M$4.8M−$301K−$31K 990 PDF
FY2023 $4.0M$4.1M−$77K$270K 990 PDF
FY2022 $3.2M$3.2M$33K$347K 990 PDF
FY2021 $2.9M$3.0M−$64K$314K 990 PDF
FY2020 Viewing $2.7M$2.9M−$198K$378K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $2,709,245 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,590,611$1,220,195
I-9 Program service revenuePrior year $2,176,412$1,430,307
I-10 Investment incomePrior year $23,298$17,189
I-11 Other revenuePrior year $61,570$41,554
I-12 Total revenuePrior year $3,851,891$2,709,245
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,870,143$1,915,684
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,945,009$991,774
I-18 Total expensesPrior year $3,815,152$2,907,458
I-19 Revenue less expensesPrior year $36,739−$198,213
Part VI · Governance 39 of 40 board members independent, no flags
VI-1a Voting members of the governing body40
VI-1b Independent voting members39
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,709,245 across 6 lines filed
VIII-1b Membership dues$1,220,195
VIII-1h Total contributions, gifts and grants$1,220,195
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $777,519 · Excluded from tax $652,788$1,430,307
VIII-3 Investment incomeExcluded from tax $17,189$17,189
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $41,554$41,554
VIII-12 Total revenueRelated to mission $777,519 · Unrelated business $0 · Excluded from tax $711,531$2,709,245
Part IX · Statement of functional expenses $2,907,458 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $174,092 · Management $353,438$527,530
IX-7 Other salaries and wagesPrograms $493,577 · Management $534,050$1,027,627
IX-9 Other employee benefitsPrograms $84,179 · Management $178,880$263,059
IX-10 Payroll taxesPrograms $31,190 · Management $66,278$97,468
IX-11b Legal feesManagement $1,119$1,119
IX-11c Accounting feesManagement $14,600$14,600
IX-11d Lobbying feesManagement $40,689$40,689
IX-11g Other fees for servicesManagement $115,629$115,629
IX-13 Office expensesManagement $37,311$37,311
IX-14 Information technologyPrograms $6,195 · Management $14,455$20,650
IX-16 OccupancyManagement $247,859$247,859
IX-17 TravelManagement $19,548$19,548
IX-19 Conferences, conventions and meetingsPrograms $63,556$63,556
IX-22 Depreciation, depletion and amortizationManagement $27,363$27,363
IX-23 InsuranceManagement $9,274$9,274
IX-24 Other expenses (24a–d)Programs $226,271 · Management $161,486$387,757
IX-24e All other expensesManagement $6,419$6,419
IX-25 Total functional expensesPrograms $1,079,060 · Management $1,828,398 · Fundraising $0$2,907,458
Part X · Balance sheet $2,366,723 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $268,787$357,069
X-2 Savings and temporary cash investmentsStart of year $2,019,240$1,116,807
X-4 Accounts receivableStart of year $493,616$589,738
X-9 Prepaid expenses and deferred chargesStart of year $84,990$82,191
X-10c Land, buildings and equipment, netStart of year $237,466$214,408
X-15 Other assetsStart of year $7,160$6,510
X-16 Total assetsStart of year $3,111,259$2,366,723
X-17 Accounts payable and accrued expensesStart of year $271,876$222,832
X-25 Other liabilitiesStart of year $2,263,224$1,765,945
X-26 Total liabilitiesStart of year $2,535,100$1,988,777
X-27 Net assets without donor restrictionsStart of year $576,159$377,946
X-32 Total net assets or fund balancesStart of year $576,159$377,946
X-33 Total liabilities and net assetsStart of year $3,111,259$2,366,723
Part XI · Reconciliation of net assets $377,946 net assets at year end
XI-1 Total revenue$2,709,245
XI-2 Total expenses$2,907,458
XI-3 Revenue less expenses−$198,213
XI-4 Net assets at start of year$576,159
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$377,946

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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