Stimulating Life Science innovation, job creation and ecosystem vibrancy across Washington state through engagement, collaboration, promotion, and advocacy.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 52 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
5 of 5
filings with a surplus
Average surplus $253K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$898K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.3M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
41
of 42 voting members
Looks good: 41 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
-3% vs prior year
Spent
$2.9M
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$2.7M
FY2022$2.9M
FY2023$3.4M
FY2024$3.3M
Expenses
$2.9M
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.6M
FY2023$3.2M
FY2024$2.9M
Net assets
$1.8M
FY2024▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$600K
FY2021$850K
FY2022$1.2M
FY2023$1.4M
FY2024$1.8M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1990.

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

Who runs it and what they're paid

51 people listed on the 990; $898K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO/Secretary
$377,231Pt VII · Sec A
VP, Membership Services
$153,249Pt VII · Sec A
VP, Finance & Administration
$147,902Pt VII · Sec A
Dir Workforce Develop & Ed
$113,300Pt VII · Sec A
Director of Member Service
$106,331Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Leslie Alexandre———$416,630$326,502
Marc Cummings$377,231$414,124$289,462$185,400$179,708
Amanda Tran$153,249$170,053$144,633$135,991$130,721
Kathleen Poston$147,902$161,113$135,166$133,786$128,529
Dale Willard$106,331$117,991$100,900——
Srikant Iyer PHD$113,300$112,366———

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 Life Science Washington 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 15aYes

Programs and updates

Fosters life science innovation, jobs, and vibrancy across Washington State.

Questions for Life Science Washington

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Life science washington hosts annual meetings for both members and non-members in fields related to life sciences. The association promotes continual growth by hosting networking and professional development events.

Pt IX · col B
02

The association publishes an annual membership online directory with industry profiles allowing users within related fields to connect and work together while striving toward common goals.

Pt IX · col B
03

Life science washington sponsors community education and promotional events aimed at encouraging innovation and responsible growth in the area of life sciences.

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
Total grants receivedfrom 2 funders$15K
Grants paid · 4 grants · $235K · 2021–2024
Life Science Washington InstituteFY2024$50,000
Life Science Washington InstituteFY2023$85,000
Life Science Washington InstituteFY2022$50,000
Life Science Washington InstituteFY2021$50,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$1.8M
Other incomeLn 4–11$1.0M
Gifts and grantsLn 1h$312K
Money outPt IX
$2.9M
Ln 25
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$5.1M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
51
listed · VII A
PaidVII A5
Voting boardVI 1a42
IndependentVI 1b41
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$198K
Other incomeLn 4–11$1.0M
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$15K
Other assetsLn 15$2.9M
Total assetsLn 16$5.1M
LiabilitiesLn 26$3.3M
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 512
VolunteersI 652
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$1.3M$1.6M
Land, buildings, equipmentLn 10c$15K$15K
Total assetsLn 16$4.6M$5.1M
LiabilitiesLn 26$3.2M$3.3M
Net assetsLn 32$1.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K
Pay of current officers, directors and key staffLn 5$394K
Other salaries and wagesLn 7$1.0M
Pension plan contributionsLn 8$49K
Other employee benefitsLn 9$171K
Payroll taxesLn 10$101K
Accounting feesLn 11c$6K
Lobbying feesLn 11d$66K
Other fees for servicesLn 11g$220K
Advertising and promotionLn 12$19K
Office expensesLn 13$50K
Information technologyLn 14$58K
OccupancyLn 16$252K
TravelLn 17$21K
Conferences, conventions and meetingsLn 19$20K
InsuranceLn 23$11K
Other expenses (24a–d)Ln 24$364K
All other expensesLn 24e$16K
Total functional expensesLn 25$2.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$2.9M$422K$1.8M 990 PDF
FY2023 $3.4M$3.2M$223K$1.4M 990 PDF
FY2022 $2.9M$2.6M$335K$1.2M 990 PDF
FY2021 $2.7M$2.4M$250K$850K 990 PDF
FY2020 $2.4M$2.4M$35K$600K 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 FY2024 990 (6 parts)
Part I · Summary $3,325,676 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $410,021$311,713
I-9 Program service revenuePrior year $1,845,080$1,785,802
I-10 Investment incomePrior year $62,070$197,937
I-11 Other revenuePrior year $1,102,181$1,030,224
I-12 Total revenuePrior year $3,419,352$3,325,676
I-13 Grants and similar amounts paidPrior year $85,000$50,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,696,988$1,750,537
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,414,363$1,103,118
I-18 Total expensesPrior year $3,196,351$2,903,655
I-19 Revenue less expensesPrior year $223,001$422,021
Part VI · Governance 41 of 42 board members independent, 2 to look at
VI-1a Voting members of the governing body42
VI-1b Independent voting members41
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,325,676 across 7 lines filed
VIII-1f All other contributions, gifts and grants$311,713
VIII-1h Total contributions, gifts and grants$311,713
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,785,802$1,785,802
VIII-3 Investment incomeExcluded from tax $197,937$197,937
VIII-5 RoyaltiesExcluded from tax $1,020,224$1,020,224
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,000$10,000
VIII-12 Total revenueRelated to mission $1,785,802 · Unrelated business $0 · Excluded from tax $1,228,161$3,325,676
Part IX · Statement of functional expenses $2,903,655 across 18 lines filed
IX-1 Grants to domestic organizations$50,000
IX-5 Pay of current officers, directors and key staff$394,481
IX-7 Other salaries and wages$1,034,756
IX-8 Pension plan contributions$48,912
IX-9 Other employee benefits$171,432
IX-10 Payroll taxes$100,956
IX-11c Accounting fees$6,499
IX-11d Lobbying fees$66,457
IX-11g Other fees for services$220,260
IX-12 Advertising and promotion$18,637
IX-13 Office expenses$49,573
IX-14 Information technology$58,272
IX-16 Occupancy$252,253
IX-17 Travel$20,981
IX-19 Conferences, conventions and meetings$19,787
IX-23 Insurance$10,621
IX-24 Other expenses (24a–d)$364,181
IX-24e All other expenses$15,597
IX-25 Total functional expenses$2,903,655
Part X · Balance sheet $5,121,154 assets, 12 lines filed
Asset lines not itemized here account for $15,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,296,579$1,587,063
X-4 Accounts receivableStart of year $670,764$542,778
X-9 Prepaid expenses and deferred chargesStart of year $52,583$46,173
X-10c Land, buildings and equipment, netStart of year $14,920$14,920
X-15 Other assetsStart of year $2,598,264$2,915,220
X-16 Total assetsStart of year $4,648,110$5,121,154
X-17 Accounts payable and accrued expensesStart of year $125,056$168,306
X-19 Deferred revenueStart of year $781,053$763,752
X-25 Other liabilitiesStart of year $2,333,763$2,358,837
X-26 Total liabilitiesStart of year $3,239,872$3,290,895
X-32 Total net assets or fund balancesStart of year $1,408,238$1,830,259
X-33 Total liabilities and net assetsStart of year $4,648,110$5,121,154
Part XI · Reconciliation of net assets $1,830,259 net assets at year end
XI-1 Total revenue$3,325,676
XI-2 Total expenses$2,903,655
XI-3 Revenue less expenses$422,021
XI-4 Net assets at start of year$1,408,238
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,830,259

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

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