Life Sciences Pennsylvania FY2023 filing

Not tax-deductible

Kng of Prussa, PA501(c)(6)EIN 25-1621500Revenue $4.0M in FY2023

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.

39¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · 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
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
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.3 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
$7.3M
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
33
of 34 voting members
Looks good: 33 of 34 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+25% vs prior year
Spent
$4.1M
To programs
39%
Net assets
$270K
By yearFY2020–FY2024
Revenue
$4.0M
FY2023▲ +25%
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
$4.1M
FY2023▲ +29%
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
$270K
FY2023▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2020$378K
FY2021$314K
FY2022$347K
FY2023$270K
FY2024−$31K

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 Oct 1990.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $1.6M Management & general 61% · $2.5M

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

38 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
$625,130Pt VII · Sec A
$272,335Pt VII · Sec A
SVP Advocacy
$166,079Pt VII · Sec A
Director, Me
$105,268Pt VII · Sec A
VP, Strategi
$101,679Pt 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 · $1.6M · in their own filed words · FY2023
01

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

$1.1Mprogram 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.

$540Kprogram expense
03

The association provides its members with group purchasing pricing on goods and supplies. The association received 581,893 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$245K
Money outPt IX
$4.1M
Ln 25
Programscol B$1.6M
Managementcol C$2.5M
Owns and owesPt X
$270K
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$7.6M
LiabilitiesLn 26$7.3M
PeoplePt VI, VII
38
listed · VII A
PaidVII A5
Voting boardVI 1a34
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$28K
Other incomeLn 4–11$245K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$135K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$1.0M
Total assetsLn 16$7.6M
LiabilitiesLn 26$7.3M
Net assetsLn 32$270K
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 FY23End FY23
Cash and savingsLn 1–2$1.2M$1.5M
Land, buildings, equipmentLn 10c$18K$15K
Total assetsLn 16$3.3M$7.6M
LiabilitiesLn 26$3.0M$7.3M
Net assetsLn 32$347K$270K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$625K$206K$419K
Other salaries and wagesLn 7$1.4M$492K$892K
Other employee benefitsLn 9$286K$1K$285K
Payroll taxesLn 10$115K$115K
Accounting feesLn 11c$63K$63K
Lobbying feesLn 11d$90K$90K
Other fees for servicesLn 11g$34K$34K
Office expensesLn 13$28K$4K$24K
Information technologyLn 14$54K$8K$46K
OccupancyLn 16$144K$3K$141K
TravelLn 17$94K$37K$57K
Conferences, conventions and meetingsLn 19$276K$276K
Depreciation, depletion and amortizationLn 22$10K$411$10K
Other expenses (24a–d)Ln 24$900K$765K$136K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$4.1M$1.6M$2.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.5M$4.8M−$301K−$31K 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $4,033,578 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,423,742$1,756,379
I-9 Program service revenuePrior year $1,866,597$2,004,275
I-10 Investment incomePrior year −$157,297$27,502
I-11 Other revenuePrior year $93,433$245,422
I-12 Total revenuePrior year $3,226,475$4,033,578
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,143,614$2,410,389
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,049,947$1,700,158
I-18 Total expensesPrior year $3,193,561$4,110,547
I-19 Revenue less expensesPrior year $32,914−$76,969
Part VI · Governance 33 of 34 board members independent, no flags
VI-1a Voting members of the governing body34
VI-1b Independent voting members33
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 $4,033,578 across 7 lines filed
VIII-1b Membership dues$1,481,379
VIII-1f All other contributions, gifts and grants$275,000
VIII-1h Total contributions, gifts and grants$1,756,379
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,422,382 · Excluded from tax $581,893$2,004,275
VIII-3 Investment incomeExcluded from tax $27,502$27,502
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $191,322 · Excluded from tax $54,100$245,422
VIII-12 Total revenueRelated to mission $1,613,704 · Excluded from tax $663,495$4,033,578
Part IX · Statement of functional expenses $4,110,547 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $206,293 · Management $418,837$625,130
IX-7 Other salaries and wagesPrograms $491,751 · Management $891,879$1,383,630
IX-9 Other employee benefitsPrograms $1,117 · Management $285,297$286,414
IX-10 Payroll taxesManagement $115,215$115,215
IX-11c Accounting feesManagement $62,511$62,511
IX-11d Lobbying feesPrograms $90,425$90,425
IX-11g Other fees for servicesManagement $34,201$34,201
IX-13 Office expensesPrograms $3,797 · Management $24,035$27,832
IX-14 Information technologyPrograms $8,101 · Management $45,592$53,693
IX-16 OccupancyPrograms $2,567 · Management $140,968$143,535
IX-17 TravelPrograms $36,682 · Management $56,966$93,648
IX-19 Conferences, conventions and meetingsManagement $276,231$276,231
IX-22 Depreciation, depletion and amortizationPrograms $411 · Management $9,875$10,286
IX-24 Other expenses (24a–d)Programs $764,534 · Management $135,920$900,454
IX-24e All other expensesManagement $7,342$7,342
IX-25 Total functional expensesPrograms $1,605,678 · Management $2,504,869 · Fundraising $0$4,110,547
Part X · Balance sheet $7,586,041 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $191,847$135,174
X-2 Savings and temporary cash investmentsStart of year $1,046,948$1,336,921
X-4 Accounts receivableStart of year $863,605$5,017,036
X-9 Prepaid expenses and deferred chargesStart of year $40,574$44,110
X-10c Land, buildings and equipment, netStart of year $17,854$15,237
X-15 Other assetsStart of year $1,161,976$1,037,563
X-16 Total assetsStart of year $3,322,804$7,586,041
X-17 Accounts payable and accrued expensesStart of year $296,589$309,740
X-25 Other liabilitiesStart of year $2,679,355$7,006,410
X-26 Total liabilitiesStart of year $2,975,944$7,316,150
X-27 Net assets without donor restrictionsStart of year $346,860$269,891
X-32 Total net assets or fund balancesStart of year $346,860$269,891
X-33 Total liabilities and net assetsStart of year $3,322,804$7,586,041
Part XI · Reconciliation of net assets $269,891 net assets at year end
XI-1 Total revenue$4,033,578
XI-2 Total expenses$4,110,547
XI-3 Revenue less expenses−$76,969
XI-4 Net assets at start of year$346,860
XI-10 Net assets at end of year$269,891

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

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