Colorado Bioscience Association FY2023 filing

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Colorado Bioscience Association (cbsa) creates co-opportunity for the Colorado life sciences community. Cbsa champions a collaborative life sciences ecosystem and advocates for a supportive business climate. From concept to commercialization, member companies and organizations drive global health innovations, products and services that improve and save lives. The Association leads capital and growth, education and networking, policy and advocacy, and workforce cultivation to make its members stronger, together.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$298K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
4 of 5
filings with a surplus
Average surplus $48K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$298K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+17% vs prior year
Spent
$1.6M
Net assets
$280K
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$909K
FY2021$981K
FY2022$1.3M
FY2023$1.6M
FY2024$2.4M
Expenses
$1.6M
FY2023▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$900K
FY2021$886K
FY2022$1.3M
FY2023$1.6M
FY2024$2.2M
Net assets
$280K
FY2023▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$197K
FY2021$292K
FY2022$350K
FY2023$280K
FY2024$429K

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 May 2003.

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

Who runs it and what they're paid

30 people listed on the 990; $298K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$193,321Pt VII · Sec A
VP of Partnership
$104,601Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past Chairperson
$0Pt VII · Sec A
Past Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Elyse Blazevich’s $204K as President and CEO is at the 68th percentile of top reported officer pay among 2832 $1–10M 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elyse Blazevich$203,561$193,321$135,787$17,870—
Jennifer Jones———$103,421$155,000
Amy Goodman$135,296————
Emily Martini$109,649$104,601———
Emily Roberts————$102,650

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

Connects and supports Colorado's life sciences companies to foster innovation and growth.

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Provided by the organization

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2 programs · in their own filed words · FY2023
01

Cbsa creates a supportive ecosystem for our members (individuals to major corporations and institutions), who drive global health innovations that improve and save lives through:capital + growth: we support access to capital at all stages of COMMERCIALIZATION.EDUCATION + networking: we foster a statewide culture of collaboration with our…

Pt IX · col B
02

Policy + Advocacy

We cultivate a supportive, innovation-friendly business climate for life sciences. Workforce cultivation: we grow an educated, experienced workforce and connect jobseekers to COMPANIES.CHAMPION: we lead the ecosystem in colorado and share our success stories.

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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$344K
Money outPt IX
$1.6M
Ln 25
Owns and owesPt X
$280K
net assets · Ln 32
Cash and savingsLn 1–2$812K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
30
listed · VII A
PaidVII A2
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$344K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$812K
Cash and savings togetherLn 1–2$812K
Land, buildings, equipmentLn 10c$7K
Other assetsLn 15$166K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.1M
Net assetsLn 32$280K
OperationsPt I, VI
EmployeesI 50
VolunteersI 628
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 FY23End FY23
Cash and savingsLn 1–2$541K$812K
Land, buildings, equipmentLn 10c$6K$7K
Total assetsLn 16$947K$1.4M
LiabilitiesLn 26$597K$1.1M
Net assetsLn 32$350K$280K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$209K
Other salaries and wagesLn 7$352K
Pension plan contributionsLn 8$10K
Other employee benefitsLn 9$37K
Payroll taxesLn 10$48K
Accounting feesLn 11c$35K
Lobbying feesLn 11d$70K
Other fees for servicesLn 11g$85K
Office expensesLn 13$21K
Information technologyLn 14$38K
OccupancyLn 16$74K
TravelLn 17$9K
Conferences, conventions and meetingsLn 19$198K
Depreciation, depletion and amortizationLn 22$3K
InsuranceLn 23$7K
Other expenses (24a–d)Ln 24$413K
All other expensesLn 24e$12K
Total functional expensesLn 25$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$2.2M$150K$429K 990 PDF
FY2023 Viewing $1.6M$1.6M−$70K$280K 990 PDF
FY2022 $1.3M$1.3M$58K$350K 990 PDF
FY2021 $981K$886K$95K$292K 990 PDF
FY2020 $909K$900K$9K$197K 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 $1,550,503 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $940,215$1,206,149
I-9 Program service revenuePrior year $387,475$344,354
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,327,690$1,550,503
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 $564,971$656,143
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $704,468$964,762
I-18 Total expensesPrior year $1,269,439$1,620,905
I-19 Revenue less expensesPrior year $58,251−$70,402
Part VI · Governance 29 of 29 board members independent, 2 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,550,503 across 5 lines filed
VIII-1b Membership dues$295,321
VIII-1f All other contributions, gifts and grants$910,828
VIII-1h Total contributions, gifts and grants$1,206,149
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $269,104 · Unrelated business $75,250$344,354
VIII-12 Total revenueRelated to mission $269,104 · Unrelated business $75,250 · Excluded from tax $0$1,550,503
Part IX · Statement of functional expenses $1,620,905 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$209,173
IX-7 Other salaries and wages$352,198
IX-8 Pension plan contributions$10,485
IX-9 Other employee benefits$36,748
IX-10 Payroll taxes$47,539
IX-11c Accounting fees$34,980
IX-11d Lobbying fees$70,264
IX-11g Other fees for services$85,221
IX-13 Office expenses$20,762
IX-14 Information technology$38,305
IX-16 Occupancy$73,900
IX-17 Travel$8,725
IX-19 Conferences, conventions and meetings$197,929
IX-22 Depreciation, depletion and amortization$3,152
IX-23 Insurance$6,862
IX-24 Other expenses (24a–d)$413,046
IX-24e All other expenses$11,616
IX-25 Total functional expenses$1,620,905
Part X · Balance sheet $1,351,682 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $540,898$812,091
X-4 Accounts receivableStart of year $175,075$336,892
X-9 Prepaid expenses and deferred chargesStart of year $3,181$29,687
X-10c Land, buildings and equipment, netStart of year $6,375$6,947
X-15 Other assetsStart of year $221,826$166,065
X-16 Total assetsStart of year $947,355$1,351,682
X-17 Accounts payable and accrued expensesStart of year $107,385$202,968
X-19 Deferred revenueStart of year $261,395$697,443
X-25 Other liabilitiesStart of year $228,637$171,735
X-26 Total liabilitiesStart of year $597,417$1,072,146
X-27 Net assets without donor restrictionsStart of year $349,938$279,536
X-32 Total net assets or fund balancesStart of year $349,938$279,536
X-33 Total liabilities and net assetsStart of year $947,355$1,351,682
Part XI · Reconciliation of net assets $279,536 net assets at year end
XI-1 Total revenue$1,550,503
XI-2 Total expenses$1,620,905
XI-3 Revenue less expenses−$70,402
XI-4 Net assets at start of year$349,938
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$279,536

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

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