Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $50,000

• 1e · Government grants (contributions)

  $175,279

• 1f · All other contributions, gifts and grants

  $74,625

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $104,000 · program services $104,000

• 7 · Other salaries and wages

  total $102,520 · program services $77,462 · management and general $12,529 · fundraising $12,529

• 8 · Pension plan contributions

  total $2,938 · program services $2,220 · management and general $359 · fundraising $359

• 9 · Other employee benefits

  total $14,053 · program services $9,945 · management and general $2,054 · fundraising $2,054

• 10 · Payroll taxes

  total $10,313 · program services $9,821 · management and general $246 · fundraising $246

• 11c · Fees: accounting

  total $5,565 · management and general $5,565

• 11g · Fees: other

  total $24,000 · program services $24,000

• 13 · Office expenses

  total $54 · management and general $54

• 14 · Information technology

  total $808 · program services $582 · management and general $113 · fundraising $113

• 17 · Travel

  total $18,443 · program services $18,443

• 23 · Insurance

  total $1,392 · management and general $1,392

• 24a · Other expenses: PITCHBOOK SUBSCRIPTION

  total $7,166 · program services $7,166

• 24b · Other expenses: EVENT EXPENSE

  total $6,596 · program services $6,596

• 24c · Other expenses: ARC WA GRANT

  total $4,681 · program services $4,681

• 24d · Other expenses: BUSINESS TAX & LICENSE

  total $145 · management and general $145

• 24e · All other expenses

  total $4,074 · program services $2,809 · management and general $1,001 · fundraising $264

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $109,049 · end of year $73,834

• 4 · Accounts receivable

  beginning of year $43,326 · end of year $45,224

• 9 · Prepaid expenses and deferred charges

  beginning of year $125 · end of year $137

• 17 · Accounts payable and accrued expenses

  beginning of year $6,734 · end of year $16,016

• 19 · Deferred revenue

  beginning of year $61,900 · end of year $22,500

• 25 · Other liabilities

  beginning of year $22,145 · end of year $25,802

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $61,721 · end of year $54,877

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS REVIEWED AND APPROVED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE OR THE COMPENSATION COMMITTEE, OF LIFE SCIENCE WASHINGTON, A RELATED ORGANIZATION. ANY PERSON WITH A CONFLICT OF INTEREST REGARDING COMPENSATION ISSUES IS NOT INVOLVED IN THE REVIEW AND APPROVAL PROCESS. THE COMPENSATION IS REVIEWED AND APPROVED USING THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES SALARY SURVEY AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS, IN FUNCTIONALLY COMPARABLE POSITIONS, FOR SIMILAR ORGANIZATIONS. MINUTES OF COMPENSATION MEETINGS ARE KEPT AND THERE IS DOCUMENTATION AND RECORDKEEPING OF DELIBERATIONS AND DECISIONS MADE REGARDING COMPENSATION.