Scbio FY2023 filing

Greenville, SCUnknown exempt organizationSince 2017 EIN 82-3758723Revenue $1.8M in FY2023

On file with the IRSscbio.org1140 Woodruff Road 106 · Greenville, SC

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Scbio is a member organization that exists to support and advance the south carolina life sciences industry through collaboration, economic development initiaties, advocacy, workforce development, enhanced purchasing power and education. This mission furthers our goal of ensuring that south carolina's companies, research institutions, and citizens reap the economic and societal benefits of a world-class life sciences cluster.

46¢ of each $1 spent went to programs.
$442K 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
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $31K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$442K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name 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
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-8% vs prior year
Spent
$1.6M
To programs
46%
Net assets
$924K
By yearFY2020–FY2025
Revenue
$1.8M
FY2023▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$766K
FY2021$846K
FY2022$1.9M
FY2023$1.8M
FY2024$2.1M
FY2025$2.5M
Expenses
$1.6M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$617K
FY2021$805K
FY2022$1.6M
FY2023$1.6M
FY2024$2.3M
FY2025$2.7M
Net assets
$924K
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$394K
FY2021$435K
FY2022$727K
FY2023$924K
FY2024$628K
FY2025$432K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $714K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $442K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$243,295Pt VII · Sec A
EVP/COO
$198,579Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Chappell$283,557$262,926$243,295$236,212$32,344—
Erin Ford$226,622$210,165$198,579$203,772$153,946—
Samuel Konduros—————$203,900

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 15aNo

Programs and updates

Promotes the bioscience industry through collaboration, economic development, advocacy, and workforce strategies.

Questions for Scbio

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Provided by the organization

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2 programs · $714K · in their own filed words · FY2023
01

Annual Conference

Issue panels, national speakers, networking, vendor expo and strategic plan presented, work force strategies, and education opportunities

$365Kprogram expense
02

Economic development activities, including conferences and trade shows promoting south carolina life sciences

$349Kprogram expense

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
Prisma HealthFY2024$10K
Total grants receivedfrom 2 funders$14K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$512K
Money outPt IX
$1.6M
Ln 25
Programscol B$714K
Owns and owesPt X
$924K
net assets · Ln 32
Cash and savingsLn 1–2$908K
Total assetsLn 16$924K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$345K
Fees for servicesLn 2g$512K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$908K
Cash and savings togetherLn 1–2$908K
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$114
Total assetsLn 16$924K
LiabilitiesLn 26$0
Net assetsLn 32$924K
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$727K$908K
Land, buildings, equipmentLn 10c$0$16K
Total assetsLn 16$727K$924K
LiabilitiesLn 26$0$0
Net assetsLn 32$727K$924K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$442K
Other salaries and wagesLn 7$198K
Payroll taxesLn 10$43K
Legal feesLn 11b$851
Accounting feesLn 11c$18K
Other fees for servicesLn 11g$40K
Advertising and promotionLn 12$100K
Office expensesLn 13$2K
Information technologyLn 14$25K
TravelLn 17$56K
Conferences, conventions and meetingsLn 19$558K
InsuranceLn 23$42K
Other expenses (24a–d)Ln 24$36K
All other expensesLn 24e$6K
Total functional expensesLn 25$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$2.7M−$196K$432K 990 PDF
FY2024 $2.1M$2.3M−$297K$628K 990 PDF
FY2023 Viewing $1.8M$1.6M$198K$924K 990 PDF
FY2022 $1.9M$1.6M$292K$727K 990 PDF
FY2021 $846K$805K$41K$435K 990 PDF
FY2020 $766K$617K$149K$394K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,766,369 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,550,563$1,254,075
I-9 Program service revenuePrior year $363,820$512,294
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,914,383$1,766,369
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 $649,001$683,347
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $973,786$885,342
I-18 Total expensesPrior year $1,622,787$1,568,689
I-19 Revenue less expensesPrior year $291,596$197,680
Part VI · Governance 11 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $1,766,369 across 6 lines filed
VIII-1b Membership dues$809,075
VIII-1e Government grants$345,000
VIII-1f All other contributions, gifts and grants$100,000
VIII-1h Total contributions, gifts and grants$1,254,075
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $512,294$512,294
VIII-12 Total revenueRelated to mission $512,294 · Unrelated business $0 · Excluded from tax $0$1,766,369
Part IX · Statement of functional expenses $1,568,689 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$441,874
IX-7 Other salaries and wages$198,271
IX-10 Payroll taxes$43,202
IX-11b Legal fees$851
IX-11c Accounting fees$17,971
IX-11g Other fees for services$40,181
IX-12 Advertising and promotion$100,348
IX-13 Office expenses$2,020
IX-14 Information technology$25,435
IX-17 Travel$56,261
IX-19 Conferences, conventions and meetings$557,884
IX-23 Insurance$42,312
IX-24 Other expenses (24a–d)$35,998
IX-24e All other expenses$6,081
IX-25 Total functional expenses$1,568,689
Part X · Balance sheet $924,409 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $726,729$908,348
X-10c Land, buildings and equipment, netStart of year $0$15,947
X-15 Other assetsStart of year $0$114
X-16 Total assetsStart of year $726,729$924,409
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $726,729$924,409
X-33 Total liabilities and net assetsStart of year $726,729$924,409
Part XI · Reconciliation of net assets $924,409 net assets at year end
XI-1 Total revenue$1,766,369
XI-2 Total expenses$1,568,689
XI-3 Revenue less expenses$197,680
XI-4 Net assets at start of year$726,729
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$924,409

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

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