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American Life Sciences Innovation FY2020 filing

Oakdale, MNUnknown exempt organization EIN 80-0717451Revenue $3.7M in FY2020

On file with the IRSamericanlifesciences.com600 Inwood Ave N 130 · Oakdale, MN

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To educate the public and policymakers about the effects of government regulation on key factors that drive Life science Innovation, strong intellectual property protection; adequate reimbursement driven by market forces; unfettered collaboration with basic science partners; a transparent and predictable regulatory environment; and access to capital. Alsic concerns itself with federal, state and international policy affecting the breadth of innovative Life Sciences including medical devices, biopharmaceuticals and diagnostics.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $66K a year · 4% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
Spent
$3.7M
To programs
100%
Net assets
$234K
By yearFY2020–FY2023
Revenue
$3.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$2.8M
FY2022$0
FY2023$30K
Expenses
$3.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2021$2.8M
FY2022$68K
FY2023$153K
Net assets
$234K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$234K
FY2021$191K
FY2022$123K
FY2023$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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% · $3.7M Management & general 0% · $50

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Steve Knuth
Director
$0Pt VII · Sec A
David Mohler
Treasurer & Director
$0Pt VII · Sec A
H Dean Hart
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Schwartz
President & Director
$0Pt VII · Sec A
See American Life Sciences Innovation 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 15aNo

Programs and updates

Educates on how government policy impacts life science innovation and access to treatments.

Questions for American Life Sciences Innovation

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Provided by the organization

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3 programs · $3.7M · in their own filed words · FY2020
01

Media program to drive public awareness of policy-makers key roles in legislative and regulatory changes affecting the coverage reimbursement and regulation of innovative medical products. The media program included more than 20 local and statewide media markets, and included digital and print advertising as well as direct mail.

$2.9Mprogram expense
02

Grassroots education and earned media program to drive public awareness of policy which promotes innovative environment in healthcare. Involved creation and maintenance of state based issues coalitions responsibilites include: field operations including: partner network outreach, recruitment, and maintenance of influential organization…

$726Kprogram expense
03

Management of public opinion survey regarding policy matters affecting innovative life science industries.

$50Kprogram expense

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 · FY2023
Pharmaceutical Research and Manufacturers of AmericaFY2023$30K
Total grants receivedfrom 1 funder$30K
Grants paid · 1 grant · $20K · 2022–2022
Center of the American ExperimentMN · FY2022$20,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.7M
Ln 12
Gifts and grantsLn 1h$3.7M
Money outPt IX
$3.7M
Ln 25
Programscol B$3.7M
Managementcol C$50
Owns and owesPt X
$234K
net assets · Ln 32
Cash and savingsLn 1–2$234K
Total assetsLn 16$234K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$234K
Cash and savings togetherLn 1–2$234K
Total assetsLn 16$234K
LiabilitiesLn 26$0
Net assetsLn 32$234K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$264K$234K
Total assetsLn 16$264K$234K
LiabilitiesLn 26$0$0
Net assetsLn 32$264K$234K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Lobbying feesLn 11d$3.7M$3.7M
Other expenses (24a–d)Ln 24$50$50
Total functional expensesLn 25$3.7M$3.7M$50$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $30K$153K−$123K$0 990 PDF
FY2022 $0$68K−$68K$123K 990 PDF
FY2021 $2.8M$2.8M−$43K$191K 990 PDF
FY2020 Viewing $3.7M$3.7M−$29K$234K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $3,660,325 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,333,500$3,660,325
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,333,500$3,660,325
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,258,548$3,689,700
I-18 Total expensesPrior year $1,258,548$3,689,700
I-19 Revenue less expensesPrior year $74,952−$29,375
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,660,325 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,660,325
VIII-1h Total contributions, gifts and grants$3,660,325
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,660,325
Part IX · Statement of functional expenses $3,689,700 across 2 lines filed
IX-11d Lobbying feesPrograms $3,689,650$3,689,650
IX-24 Other expenses (24a–d)Management $50$50
IX-25 Total functional expensesPrograms $3,689,650 · Management $50 · Fundraising $0$3,689,700
Part X · Balance sheet $234,127 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $263,502$234,127
X-16 Total assetsStart of year $263,502$234,127
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $263,502$234,127
X-33 Total liabilities and net assetsStart of year $263,502$234,127
Part XI · Reconciliation of net assets $234,127 net assets at year end
XI-1 Total revenue$3,660,325
XI-2 Total expenses$3,689,700
XI-3 Revenue less expenses−$29,375
XI-4 Net assets at start of year$263,502
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$234,127

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

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