Life Sciences Pennsylvania FY2021 filing

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
45¢ of each $1 spent went to programs.
$900K 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

FY2021 · 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
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$900K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.4 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
$1.7M
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
34
of 35 voting members
Looks good: 34 of 35 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+8% vs prior year
Spent
$3.0M
To programs
45%
Net assets
$314K
By yearFY2020–FY2024
Revenue
$2.9M
FY2021▲ +8%
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
$3.0M
FY2021▲ +3%
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
$314K
FY2021▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$378K
FY2021$314K
FY2022$347K
FY2023$270K
FY2024−$31K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

45 cents of each dollar spent went to programs.

Program services 45% · $1.3M Management & general 55% · $1.6M

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

37 people listed on the 990; $900K paid to officers and key staff.

Part VII, Section A · reportable compensation
$542,750Pt VII · Sec A
$227,739Pt VII · Sec A
Employee
$129,857Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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.

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Provided by the organization

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3 programs · $1.3M · in their own filed words · FY2021
01

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

$1.3Mprogram 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.

$54Kprogram expense
03

The association provides its members with group purchasing pricing on goods and supplies. The association received 605,573 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$48K
Money outPt IX
$3.0M
Ln 25
Programscol B$1.3M
Managementcol C$1.6M
Owns and owesPt X
$314K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
37
listed · VII A
PaidVII A3
Voting boardVI 1a35
IndependentVI 1b34
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$2K
Other incomeLn 4–11$48K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$51K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$192K
Other assetsLn 15$7K
Total assetsLn 16$2.0M
LiabilitiesLn 26$1.7M
Net assetsLn 32$314K
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 FY21End FY21
Cash and savingsLn 1–2$1.5M$1.1M
Land, buildings, equipmentLn 10c$214K$192K
Total assetsLn 16$2.4M$2.0M
LiabilitiesLn 26$2.0M$1.7M
Net assetsLn 32$378K$314K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$543K$179K$364K
Other salaries and wagesLn 7$985K$496K$489K
Other employee benefitsLn 9$242K$77K$165K
Payroll taxesLn 10$87K$28K$59K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$34K$34K
Lobbying feesLn 11d$693$693
Other fees for servicesLn 11g$49K$49K
Office expensesLn 13$43K$43K
Information technologyLn 14$9K$9K
OccupancyLn 16$239K$239K
TravelLn 17$22K$22K
Conferences, conventions and meetingsLn 19$54K$54K
Depreciation, depletion and amortizationLn 22$24K$24K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$637K$507K$130K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$3.0M$1.3M$1.6M$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 Viewing $2.9M$3.0M−$64K$314K 990 PDF
FY2020 $2.7M$2.9M−$198K$378K 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 FY2021 990 (6 parts)
Part I · Summary $2,924,770 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,220,195$1,343,762
I-9 Program service revenuePrior year $1,430,307$1,530,412
I-10 Investment incomePrior year $17,189$2,374
I-11 Other revenuePrior year $41,554$48,222
I-12 Total revenuePrior year $2,709,245$2,924,770
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,915,684$1,857,072
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $991,774$1,131,698
I-18 Total expensesPrior year $2,907,458$2,988,770
I-19 Revenue less expensesPrior year −$198,213−$64,000
Part VI · Governance 34 of 35 board members independent, no flags
VI-1a Voting members of the governing body35
VI-1b Independent voting members34
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 $2,924,770 across 6 lines filed
VIII-1b Membership dues$1,343,762
VIII-1h Total contributions, gifts and grants$1,343,762
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $924,839 · Excluded from tax $605,573$1,530,412
VIII-3 Investment incomeExcluded from tax $2,374$2,374
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $48,222$48,222
VIII-12 Total revenueRelated to mission $924,839 · Excluded from tax $656,169$2,924,770
Part IX · Statement of functional expenses $2,988,770 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $179,108 · Management $363,642$542,750
IX-7 Other salaries and wagesPrograms $496,200 · Management $489,170$985,370
IX-9 Other employee benefitsPrograms $77,488 · Management $164,660$242,148
IX-10 Payroll taxesPrograms $27,777 · Management $59,027$86,804
IX-11b Legal feesManagement $5,876$5,876
IX-11c Accounting feesManagement $34,224$34,224
IX-11d Lobbying feesManagement $693$693
IX-11g Other fees for servicesManagement $48,878$48,878
IX-13 Office expensesManagement $42,922$42,922
IX-14 Information technologyManagement $9,362$9,362
IX-16 OccupancyManagement $238,736$238,736
IX-17 TravelManagement $22,329$22,329
IX-19 Conferences, conventions and meetingsPrograms $54,326$54,326
IX-22 Depreciation, depletion and amortizationManagement $23,776$23,776
IX-23 InsuranceManagement $4,664$4,664
IX-24 Other expenses (24a–d)Programs $507,176 · Management $130,004$637,180
IX-24e All other expensesManagement $8,732$8,732
IX-25 Total functional expensesPrograms $1,342,075 · Management $1,646,695 · Fundraising $0$2,988,770
Part X · Balance sheet $1,967,524 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $357,069$51,061
X-2 Savings and temporary cash investmentsStart of year $1,116,807$1,042,132
X-4 Accounts receivableStart of year $589,738$614,943
X-9 Prepaid expenses and deferred chargesStart of year $82,191$60,702
X-10c Land, buildings and equipment, netStart of year $214,408$192,176
X-15 Other assetsStart of year $6,510$6,510
X-16 Total assetsStart of year $2,366,723$1,967,524
X-17 Accounts payable and accrued expensesStart of year $222,832$243,273
X-25 Other liabilitiesStart of year $1,765,945$1,410,305
X-26 Total liabilitiesStart of year $1,988,777$1,653,578
X-27 Net assets without donor restrictionsStart of year $377,946$313,946
X-32 Total net assets or fund balancesStart of year $377,946$313,946
X-33 Total liabilities and net assetsStart of year $2,366,723$1,967,524
Part XI · Reconciliation of net assets $313,946 net assets at year end
XI-1 Total revenue$2,924,770
XI-2 Total expenses$2,988,770
XI-3 Revenue less expenses−$64,000
XI-4 Net assets at start of year$377,946
XI-10 Net assets at end of year$313,946

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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