Totals
- Total revenue
- $3,419,352
- Total expenses
- $3,196,351
- Contributions and grants received
- $410,021
- Grants paid
- $85,000
- Program service revenue
- $1,845,080
- Investment income
- $62,070
- Other revenue
- $1,102,181
- Total assets, end of year
- $4,648,110
- Total liabilities, end of year
- $3,239,872
- Net assets or fund balances, end of year
- $1,408,238
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1f · All other contributions, gifts and grants
$410,021
-
2a · Program service revenue: MEMBERSHIP DUES
total $879,972 · related or exempt $879,972
-
2b · Program service revenue: MEETING & EVENT INCOME
total $868,810 · related or exempt $868,810
-
2c · Program service revenue: EDUCATIONAL PROGRAMS
total $96,298 · related or exempt $96,298
-
3 · Investment income
total $62,070 · excluded $62,070
-
5 · Royalties
total $1,082,581 · excluded $1,082,581
-
11a · Other revenue: LEGISLATIVE ROUNDTABLE
total $10,500 · excluded $10,500
-
11b · Other revenue: NEWSLETTER SPONSORSHIP
total $9,100 · excluded $9,100
-
11e · Other revenue, total
$19,600
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $85,000
-
5 · Compensation of officers, directors and key employees
total $434,209
-
7 · Other salaries and wages
total $972,495
-
8 · Pension plan contributions
total $45,973
-
9 · Other employee benefits
total $148,171
-
10 · Payroll taxes
total $96,140
-
11c · Fees: accounting
total $6,099
-
11d · Fees: lobbying
total $67,090
-
11g · Fees: other
total $211,684
-
12 · Advertising and promotion
total $19,889
-
13 · Office expenses
total $51,750
-
14 · Information technology
total $70,213
-
16 · Occupancy
total $250,822
-
17 · Travel
total $21,363
-
19 · Conferences, conventions and meetings
total $43,493
-
22 · Depreciation, depletion and amortization
total $17,867
-
23 · Insurance
total $9,542
-
24a · Other expenses: BUSINESS DEVELOPMENT
total $223,311
-
24b · Other expenses: LIFE SCIENCE INNOVATION
total $218,392
-
24c · Other expenses: WORKFORCE DEVELOPMENT
total $129,769
-
24d · Other expenses: EDUCATION EVENTS
total $58,324
-
24e · All other expenses
total $14,755
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $320,380 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $1,149,331 · end of year $1,296,579
-
4 · Accounts receivable
beginning of year $718,627 · end of year $670,764
-
7 · Other notes and loans receivable
beginning of year $15,000 · end of year $15,000
-
9 · Prepaid expenses and deferred charges
beginning of year $22,580 · end of year $52,583
-
10a · Land, buildings and equipment: cost or other basis
$62,534
-
10b · Land, buildings and equipment: accumulated depreciation
$47,614
-
10c · Land, buildings and equipment, net
beginning of year $32,787 · end of year $14,920
-
15 · Other assets
beginning of year $1,808,790 · end of year $2,598,264
-
17 · Accounts payable and accrued expenses
beginning of year $180,243 · end of year $125,056
-
19 · Deferred revenue
beginning of year $874,002 · end of year $781,053
-
25 · Other liabilities
beginning of year $1,828,013 · end of year $2,333,763
-
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 $1,185,237 · end of year $1,408,238
Mission and programs · 2023
Mission
LIFE SCIENCE WASHINGTON IS A NON-PROFIT TRADE AND PROFESSIONAL ASSOCIATION DEDICATED TO PROMOTING INNOVATION AND RESPONSIBLE GROWTH IN THE LIFE SCIENCES AND BIOMEDICAL INDUSTRIES IN THE STATE OF WASHINGTON. PROMOTION AND EDUCATION ARE PRIMARILY IN THE FORM OF NEWSLETTERS, SPECIAL EVENTS, AND LOBBYING.
Activities or mission (Part I)
STIMULATING LIFE SCIENCE INNOVATION, JOB CREATION AND ECOSYSTEM VIBRANCY ACROSS WASHINGTON STATE THROUGH ENGAGEMENT, COLLABORATION, PROMOTION, AND ADVOCACY.
-
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.
-
LIFE SCIENCE WASHINGTON SPONSORS COMMUNITY EDUCATION AND PROMOTIONAL EVENTS AIMED AT ENCOURAGING INNOVATION AND RESPONSIBLE GROWTH IN THE AREA OF LIFE SCIENCES.
-
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.
-
THE PURPOSE OF THE TALENT AND WORKFORCE STRATEGIC INITIATIVE IS TO ENSURE WASHINGTON LIFE SCIENCE COMPANIES HAVE ACCESS TO THE TALENT/WORKFORCE REQUIRED TO GROW LOCALLY.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Marc CummingsMARC CUMMINGS
PRESIDENT & CEO/SECRETARY
- Total calculated
- $434,209
- From this org
- $414,124
- From related orgs
- $0
- Other
- $20,085
- Hours/week
- 48 + 2 related
Schedule J breakdown matched by us
- Base
- $288,024
- Bonus
- $126,100
- Other
- $0
- Deferred
- $20,085
- Nontaxable benefits
- $0
- Filer's total
- $434,209
-
Richard FabianRICHARD FABIAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Teresa Foy PhDTERESA FOY PHD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Robin AndrulevichROBIN ANDRULEVICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul Buckley PhDPAUL BUCKLEY PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John CoxJOHN COX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daryll Dewald PhDDARYLL DEWALD PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erica FewelERICA FEWEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelly LisbakkenKELLY LISBAKKEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jens U Quistgaard PhDJENS U QUISTGAARD PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda RhyneRHONDA RHYNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chad RobinsCHAD ROBINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Linda Zuckerman PhDLINDA ZUCKERMAN PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Allbritton MD PhDNANCY ALLBRITTON MD PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alison BeasonALISON BEASON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jan BeckJAN BECK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bill BradyBILL BRADY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Caitlin CameronCAITLIN CAMERON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Cornick PhDLESLIE CORNICK PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Valerie Daggett PhDVALERIE DAGGETT PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew DervanANDREW DERVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Drachman MDJONATHAN DRACHMAN MD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nicole DunhamNICOLE DUNHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sonya F EricksonSONYA F ERICKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Heather Franklin Ms MBAHEATHER FRANKLIN MS MBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
W Mike GallatinW MIKE GALLATIN
BOARD MEMBER (PART YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Brad GrayBRAD GRAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven R HaydonSTEVEN R HAYDON
BOARD MEMBER (PART YEAR)
- Total calculated
- $0
- Hours/week
- 1
-
Merika KodayMERIKA KODAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Loretta Little MBALORETTA LITTLE MBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott Maloney MBASCOTT MALONEY MBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sean McClainSEAN MCCLAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Margaret McCormick PhDMARGARET MCCORMICK PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cindy McDonald-EverettCINDY MCDONALD-EVERETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ron Myers Ms JDRON MYERS MS JD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erik NilssonERIK NILSSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig PhilipsCRAIG PHILIPS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris PicardoCHRIS PICARDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nick RederNICK REDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amanda RoseAMANDA ROSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew T Serafini PhDANDREW T SERAFINI PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken Stuart PhDKEN STUART PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian SurrattBRIAN SURRATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erik Von SchenckERIK VON SCHENCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John Wecker PhDJOHN WECKER PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dave VachonDAVE VACHON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Francisco R Velazquez MD SmFRANCISCO R VELAZQUEZ MD SM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amanda TranAMANDA TRAN
VP, MEMBERSHIP SERVICES
- Total calculated
- $190,980
- From this org
- $170,053
- From related orgs
- $0
- Other
- $20,927
- Hours/week
- 48 + 2 related
Schedule J breakdown matched by us
- Base
- $141,700
- Bonus
- $28,353
- Other
- $0
- Deferred
- $8,503
- Nontaxable benefits
- $12,424
- Filer's total
- $190,980
-
Kathleen PostonKATHLEEN POSTON
VP, FINANCE & ADMINISTRATION
- Total calculated
- $181,593
- From this org
- $161,113
- From related orgs
- $0
- Other
- $20,480
- Hours/week
- 47 + 3 related
Schedule J breakdown matched by us
- Base
- $136,756
- Bonus
- $24,357
- Other
- $0
- Deferred
- $8,056
- Nontaxable benefits
- $12,424
- Filer's total
- $181,593
-
Srikant Iyer PhDSRIKANT IYER PHD
DIR WORKFORCE DEVELOP & EDUC. PSHIPS
- Total calculated
- $116,225
- From this org
- $112,366
- From related orgs
- $0
- Other
- $3,859
- Hours/week
- 40
-
Dale WillardDALE WILLARD
DIRECTOR OF MEMBER SERVICES
- Total calculated
- $136,315
- From this org
- $117,991
- From related orgs
- $0
- Other
- $18,324
- Hours/week
- 40
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 committee
- 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
-
LIFE SCIENCE WASHINGTON INSTITUTE
$85,000
SUPPORT LIFE SCIENCE ENTREPRENEURS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LIFE SCIENCE WASHINGTON INSTITUTE
501(C)(3) · TO PROVIDE SUPPORT TO LIFE SCIENCE ENTREPRENEURS AND START-UP COMPANIES · WA · controlled entity
Directly controlled by LIFE SCIENCE WASHINGTON
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349318169
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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