California Life Sciences Association

Not tax-deductible

San Diego, CA501(c)(6)Since 2015Community DevelopmentEIN 47-3226523Revenue $10.2M in FY2024

On file with the IRScalifesciences.org4242 Campus Point CT Ste 110, 92121-1569 · San Diego, CATax-exempt since Sep 2015

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Advance ca Life Sciences ecosystem by advocating public policies & supporting businesses.

Run by 65 volunteers and 38 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 5
filings with a surplus
Average surplus $549K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.6M
to officers and key staff · 25% of spending
Top officer’s pay higher than 90% of similar orgs
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $37K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.2M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
48
of 49 voting members
Looks good: 48 of 49 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.2M
-7% vs prior year
Spent
$10.6M
To programs
0%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$10.2M
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.4M
FY2021$9.6M
FY2022$11.3M
FY2023$11.0M
FY2024$10.2M
Expenses
$10.6M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.0M
FY2021$8.4M
FY2022$10.9M
FY2023$10.8M
FY2024$10.6M
Net assets
$2.9M
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$2.7M
FY2022$3.2M
FY2023$3.3M
FY2024$2.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

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

Who runs it and what they're paid

55 people listed on the 990; $2.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$739,138Pt VII · Sec A
Senior VP
$376,852Pt VII · Sec A
$347,988Pt VII · Sec A
$326,851Pt VII · Sec A
Senior VP
$311,142Pt VII · Sec A
VP State Gov
$295,671Pt VII · Sec A
VP Memb & Bus
$240,346Pt VII · Sec A
Director
$0Pt VII · Sec A

Michael Guerra’s $739K as President & CEO is at the 90th percentile of top reported officer pay among 572 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Guerra$739,138$727,735$740,574$713,910$669,932
Brent Fisk$376,852————
Andrew Setikas——$362,624$369,465$315,343
Jayne McNicol$347,988$332,456$330,510$307,889$272,242
Kimberley Brocchini$326,851————
Patrick Henning————$317,628
Stacey Bowlin$311,142$254,313$239,549$135,182—
Lori Lindburg——$303,951——

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

Advocates for public policies and supports businesses to strengthen California's life sciences industry and educate policymakers on key healthcare and patient issues.

Questions for California Life Sciences Association

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Pantheon Awards Ceremony

Each year clsa recognizes achievement and honors excellence in the life sciences industry in california, as it brings together hundreds of californias life sciences industry leaders. The pantheon awards ceremony is a celebration of the contributions and achievements of the state and a moment in time to pause and reflect on the industrys…

Pt IX · col B
02

Life Sciences Academy

Life sciences academy is dedicated to educating policy makersand opinion leaders about our industry, increasing their awareness of californiaslife sciences most pressing issues in serving patients and improving the quality oflife for residents across california.

Pt IX · col B
03

Racial & Social Equity

The Racial & Social Equity Initiative is our bold plan to commit to change, a unified effort TO PROMOTE INCLUSIVE LEADERSHIP PRIMARILY THROUGH CAUCUS ENGAGEMENT AND WORKFORCE AND TALENT PROGRAMS.

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 · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 2 grants · $90K · 2020–2021
Bay Area Bioscience CenterCA · FY2021$30,000
Bay Area Bioscience CenterCA · FY2020$60,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.2M
Ln 12
Fees for servicesLn 2g$9.9M
Investment incomeLn 3$250K
Money outPt IX
$10.6M
Ln 25
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.8M
Total assetsLn 16$10.1M
LiabilitiesLn 26$7.2M
PeoplePt VI, VII
55
listed · VII A
PaidVII A7
Voting boardVI 1a49
IndependentVI 1b48
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.9M
Investment incomeLn 3$250K
Gains on assetsLn 7−$1K
Total revenueLn 12$10.2M
Assets in detailPt X, end of year
CashLn 1$679K
SavingsLn 2$7.1M
Cash and savings togetherLn 1–2$7.8M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$99K
Other assetsLn 15$1.1M
Total assetsLn 16$10.1M
LiabilitiesLn 26$7.2M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 538
VolunteersI 665
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 FY24End FY24
Cash and savingsLn 1–2$8.0M$7.8M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$119K$99K
Total assetsLn 16$10.7M$10.1M
LiabilitiesLn 26$7.4M$7.2M
Net assetsLn 32$3.3M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.2M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$5.0M
Pension plan contributionsLn 8$128K
Other employee benefitsLn 9$325K
Payroll taxesLn 10$339K
Management feesLn 11a$0
Legal feesLn 11b$45K
Accounting feesLn 11c$13K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$152K
Advertising and promotionLn 12$167K
Office expensesLn 13$156K
Information technologyLn 14$85K
RoyaltiesLn 15$0
OccupancyLn 16$628K
TravelLn 17$238K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$64K
InsuranceLn 23$21K
Other expenses (24a–d)Ln 24$2.0M
All other expensesLn 24e$0
Total functional expensesLn 25$10.6M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $10.2M$10.6M−$424K$2.9M 990 PDF
FY2023 $11.0M$10.8M$140K$3.3M 990 PDF
FY2022 $11.3M$10.9M$373K$3.2M 990 PDF
FY2021 $9.6M$8.4M$1.3M$2.7M 990 PDF
FY2020 $8.4M$7.0M$1.4M$1.4M 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 FY2024 990 (6 parts)
Part I · Summary $10,168,714 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $10,816,237$9,919,076
I-10 Investment incomePrior year $154,814$249,638
I-11 Other revenue$0
I-12 Total revenuePrior year $10,971,051$10,168,714
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,674,701$6,963,981
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,156,585$3,628,616
I-18 Total expensesPrior year $10,831,286$10,592,597
I-19 Revenue less expensesPrior year $139,765−$423,883
Part VI · Governance 48 of 49 board members independent, no flags
VI-1a Voting members of the governing body49
VI-1b Independent voting members48
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 $10,168,714 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,919,076$9,919,076
VIII-3 Investment incomeExcluded from tax $250,705$250,705
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,067−$1,067
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $9,919,076 · Excluded from tax $249,638$10,168,714
Part IX · Statement of functional expenses $10,592,597 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$1,156,608
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$5,016,235
IX-8 Pension plan contributions$127,546
IX-9 Other employee benefits$324,804
IX-10 Payroll taxes$338,788
IX-11a Management fees$0
IX-11b Legal fees$45,423
IX-11c Accounting fees$12,711
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$151,601
IX-12 Advertising and promotion$167,311
IX-13 Office expenses$156,407
IX-14 Information technology$85,091
IX-15 Royalties$0
IX-16 Occupancy$627,609
IX-17 Travel$237,943
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$13,154
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$64,117
IX-23 Insurance$21,269
IX-24 Other expenses (24a–d)$2,045,980
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$10,592,597
Part X · Balance sheet $10,089,961 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,688,801$679,002
X-2 Savings and temporary cash investmentsStart of year $6,290,690$7,111,850
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $965,244$839,482
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $247,146$261,813
X-10c Land, buildings and equipment, netStart of year $119,083$99,053
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,367,833$1,098,761
X-16 Total assetsStart of year $10,678,797$10,089,961
X-17 Accounts payable and accrued expensesStart of year $1,712,030$1,591,520
X-19 Deferred revenueStart of year $4,152,187$4,363,653
X-25 Other liabilitiesStart of year $1,496,168$1,240,259
X-26 Total liabilitiesStart of year $7,360,385$7,195,432
X-27 Net assets without donor restrictionsStart of year $3,318,412$2,894,529
X-32 Total net assets or fund balancesStart of year $3,318,412$2,894,529
X-33 Total liabilities and net assetsStart of year $10,678,797$10,089,961
Part XI · Reconciliation of net assets $2,894,529 net assets at year end
XI-1 Total revenue$10,168,714
XI-2 Total expenses$10,592,597
XI-3 Revenue less expenses−$423,883
XI-4 Net assets at start of year$3,318,412
XI-10 Net assets at end of year$2,894,529

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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