Scbio FY2024 filing

Greenville, SCUnknown exempt organizationSince 2017 EIN 82-3758723Revenue $2.1M in FY2024

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.

37¢ of each $1 spent went to programs.
$473K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$473K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.4 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
$464K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+16% vs prior year
Spent
$2.3M
To programs
37%
Net assets
$628K
By yearFY2020–FY2025
Revenue
$2.1M
FY2024▲ +16%
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
$2.3M
FY2024▲ +50%
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
$628K
FY2024▼ -32%
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 FY2024 Form 990 · see the original

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You’re viewing the FY2024 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

37 cents of each dollar spent went to programs.

Program services 37% · $862K

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

12 people listed on the 990; $473K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$262,926Pt VII · Sec A
EVP/COO
$210,165Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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.

See Scbio 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

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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3 programs · $862K · in their own filed words · FY2024
01

The scbio annual conference is one of the premier life sciences events in the southeast. Here, south carolina industry professionals learn the latest trends from global leaders, meet new clients and discover new achievements in the fastest-growing economic sector in south carolina.

$405Kprogram expense
02

Scbio is the lead economic development trade association representing the life sciences industry in the state. Raising awareness of the fastest-growing sector within south carolina and beyond is essential to connecting industry leaders, helping them meet business goals, and recruiting more life sciences sector businesses to the palmetto…

$315Kprogram expense
03

Scbio organizes and leads south carolina's participation in the bio convention. This is the world's largest industry gathering, bringing together thousands of global biotechnology and biopharmaceutical leaders.

$142Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.9M
Fees for servicesLn 2g$148K
Investment incomeLn 3$18K
Money outPt IX
$2.3M
Ln 25
Programscol B$862K
Owns and owesPt X
$628K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$464K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$125K
Fees for servicesLn 2g$148K
Investment incomeLn 3$18K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$27K
Other assetsLn 15$5K
Total assetsLn 16$1.1M
LiabilitiesLn 26$464K
Net assetsLn 32$628K
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 FY24End FY24
Cash and savingsLn 1–2$908K$1.1M
Land, buildings, equipmentLn 10c$16K$27K
Total assetsLn 16$924K$1.1M
LiabilitiesLn 26$0$464K
Net assetsLn 32$924K$628K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$473K
Other salaries and wagesLn 7$384K
Payroll taxesLn 10$59K
Accounting feesLn 11c$23K
Other fees for servicesLn 11g$9K
Advertising and promotionLn 12$315K
Office expensesLn 13$15K
Information technologyLn 14$26K
OccupancyLn 16$47K
TravelLn 17$53K
Conferences, conventions and meetingsLn 19$778K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$59K
Other expenses (24a–d)Ln 24$98K
All other expensesLn 24e$8K
Total functional expensesLn 25$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.5M$2.7M−$196K$432K 990 PDF
FY2024 Viewing $2.1M$2.3M−$297K$628K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $2,052,152 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,254,075$1,885,789
I-9 Program service revenuePrior year $512,294$147,931
I-10 Investment incomePrior year $0$18,432
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,766,369$2,052,152
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 $683,347$915,544
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $885,342$1,433,361
I-18 Total expensesPrior year $1,568,689$2,348,905
I-19 Revenue less expensesPrior year $197,680−$296,753
Part VI · Governance 10 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
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 $2,052,152 across 7 lines filed
VIII-1b Membership dues$806,128
VIII-1e Government grants$125,000
VIII-1f All other contributions, gifts and grants$954,661
VIII-1h Total contributions, gifts and grants$1,885,789
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,931$147,931
VIII-3 Investment incomeExcluded from tax $18,432$18,432
VIII-12 Total revenueRelated to mission $147,931 · Unrelated business $0 · Excluded from tax $18,432$2,052,152
Part IX · Statement of functional expenses $2,348,905 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$473,090
IX-7 Other salaries and wages$383,771
IX-10 Payroll taxes$58,683
IX-11c Accounting fees$23,079
IX-11g Other fees for services$9,416
IX-12 Advertising and promotion$314,943
IX-13 Office expenses$14,763
IX-14 Information technology$26,241
IX-16 Occupancy$46,607
IX-17 Travel$53,372
IX-19 Conferences, conventions and meetings$778,202
IX-22 Depreciation, depletion and amortization$2,286
IX-23 Insurance$58,654
IX-24 Other expenses (24a–d)$97,681
IX-24e All other expenses$8,117
IX-25 Total functional expenses$2,348,905
Part X · Balance sheet $1,091,829 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $908,348$1,059,710
X-10c Land, buildings and equipment, netStart of year $15,947$27,481
X-15 Other assetsStart of year $114$4,638
X-16 Total assetsStart of year $924,409$1,091,829
X-19 Deferred revenueStart of year $0$464,173
X-26 Total liabilitiesStart of year $0$464,173
X-32 Total net assets or fund balancesStart of year $924,409$627,656
X-33 Total liabilities and net assetsStart of year $924,409$1,091,829
Part XI · Reconciliation of net assets $627,656 net assets at year end
XI-1 Total revenue$2,052,152
XI-2 Total expenses$2,348,905
XI-3 Revenue less expenses−$296,753
XI-4 Net assets at start of year$924,409
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$627,656

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

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