Form 990 for tax year 2022
Filed by DELAWARE BIOSCIENCE ASSOCIATION INC.
Totals
- Total revenue
- $817,520
- Total expenses
- $448,564
- Contributions and grants received
- $553,987
- Grants paid
- $1,809
- Program service revenue
- $317,212
- Investment income
- $0
- Other revenue
- -$53,679
- Total assets, end of year
- $1,511,204
- Total liabilities, end of year
- $167,273
- Net assets or fund balances, end of year
- $1,343,931
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $448,564
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$258,065
-
1c · Fundraising events
$203,422
-
1f · All other contributions, gifts and grants
$92,500
-
2a · Program service revenue: ACTIVITIES INCOME
total $317,212 · related or exempt $317,212
-
8a · Fundraising events: gross income
$46,644
-
8a · Fundraising events: contributions included on line 1c
$203,422
-
8b · Fundraising events: direct expenses
$100,323
-
8c · Net income from fundraising events
total -$53,679 · excluded -$53,679
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,809
-
5 · Compensation of officers, directors and key employees
total $253,501
-
7 · Other salaries and wages
total $114,141
-
10 · Payroll taxes
total $22,483
-
11c · Fees: accounting
total $8,650
-
11g · Fees: other
total $1,489
-
12 · Advertising and promotion
total $4,566
-
13 · Office expenses
total $7,335
-
16 · Occupancy
total $2,536
-
17 · Travel
total $16,820
-
19 · Conferences, conventions and meetings
total $1,445
-
23 · Insurance
total $3,598
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $5,190
-
24b · Other expenses: MISCELLANEOUS
total $5,001
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,052,626 · end of year $1,366,149
-
3 · Pledges and grants receivable
beginning of year $58,000 · end of year $141,405
-
9 · Prepaid expenses and deferred charges
end of year $3,650
-
10a · Land, buildings and equipment: cost or other basis
$1,100
-
10b · Land, buildings and equipment: accumulated depreciation
$1,100
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $4,080 · end of year $9,138
-
19 · Deferred revenue
beginning of year $89,893 · end of year $158,135
-
25 · Other liabilities
beginning of year $37,678 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $978,975 · end of year $1,343,931
Mission and programs · 2022
Mission
TO PROMOTE AND STRENGTHEN THE BIOSCIENCE INDUSTRY IN THE STATE OF DELAWARE.
-
THE DELAWARE BIOSCIENCE ASSOCIATION IS A MEMBER-FOCUSED, NOT-FOR-PROFIT TRADE ORGANIZATION, WITH THE MISSION OF CATALYZING A THRIVING LIFE SCIENCE LANDSCAPE IN DELAWARE. DURING 2022, THE DELAWARE BIOSCIENCE ASSOCIATION:1. PROVIDED HIGH-TOUCH, STRATEGIC MEMBER AND COMMUNITY SUPPORT AND CONNECTIONS TO DRIVE BUSINESS AND ECONOMIC GROWTH, STARTUP COMPANY SUCCESS, RESEARCH FUNDING, WORKFORCE DEVELOPMENT AND INVESTMENT IN MAJOR NEW PROJECTS2. HOSTED HIGH-QUALITY, WELL-ATTENDED EVENTS ON KEY LIFE SCIENCE TOPICS AND ISSUES3. WELCOMED NEW BOARD MEMBERS4. GREW MEMBERSHIP5. ENGAGED WITH AND EDUCATED KEY STAKEHOLDERS AND POLICYMAKERS ON THE VALUE AND IMPACT OF DELAWARE'S LIFE SCIENCE SECTOR AND ADVOCATED FOR PROPOSALS TO SUPPORT INNOVATIVE RESEARCH, SECTOR GROWTH AND SUCCESS.
Expenses $448,564 · Grants $1,809 · Revenue $317,212
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christopher YochimCHRISTOPHER YOCHIM
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
J Michael BowmanJ MICHAEL BOWMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Philip D AmoaPHILIP D AMOA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Helen StimsonHELEN STIMSON
IMMEDIATE PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Izak BaharIZAK BAHAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert DaytonROBERT DAYTON
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Bryan FisherBRYAN FISHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Myunghee GeertsMYUNGHEE GEERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ariel GruswitzARIEL GRUSWITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian HaighBRIAN HAIGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
T Ben Hsu PhDT BEN HSU PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kelvin Lee PhDKELVIN LEE PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jae Sly PhD MBAJAE SLY PHD MBA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ray Yin PhDRAY YIN PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paula J SwainPAULA J SWAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg TrontoGREG TRONTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex D Meredith EdDALEX D MEREDITH EDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nikkia SquiresNIKKIA SQUIRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael FlemingMICHAEL FLEMING
PRESIDENT
- Total calculated
- $253,501
- From this org
- $230,000
- From related orgs
- $0
- Other
- $23,501
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $230,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,501
- Filer's total
- $253,501
-
Tim MuellerTIM MUELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202330889349301353
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