Form 990 for tax year 2024
Filed by CALIFORNIA LIFE SCIENCES ASSOCIATION.
Totals
- Total revenue
- $10,168,714
- Total expenses
- $10,592,597
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $9,919,076
- Investment income
- $249,638
- Other revenue
- $0
- Total assets, end of year
- $10,089,961
- Total liabilities, end of year
- $7,195,432
- Net assets or fund balances, end of year
- $2,894,529
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
2a · Program service revenue: CONTRACT ADVOCACY
total $104,564 · related or exempt $104,564
-
2b · Program service revenue: MEMBERSHIP DUES
total $6,099,196 · related or exempt $6,099,196
-
2c · Program service revenue: OTHER PROGRAM INCOME
total $439,697 · related or exempt $439,697
-
2d · Program service revenue: PURCHASING PROGRAMS
total $1,497,904 · related or exempt $1,497,904
-
2e · Program service revenue: SPONSORSHIP INCOME
total $1,777,715 · related or exempt $1,777,715
-
3 · Investment income
total $250,705 · excluded $250,705
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
other assets $1,067
-
7c · Gain or loss
other assets -$1,067
-
7d · Net gain or loss
total -$1,067 · excluded -$1,067
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,156,608
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $5,016,235
-
8 · Pension plan contributions
total $127,546
-
9 · Other employee benefits
total $324,804
-
10 · Payroll taxes
total $338,788
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $45,423
-
11c · Fees: accounting
total $12,711
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $151,601
-
12 · Advertising and promotion
total $167,311
-
13 · Office expenses
total $156,407
-
14 · Information technology
total $85,091
-
15 · Royalties
total $0
-
16 · Occupancy
total $627,609
-
17 · Travel
total $237,943
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $13,154
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $64,117
-
23 · Insurance
total $21,269
-
24a · Other expenses: ADVOCACY EXPENSES
total $1,028,656
-
24b · Other expenses: EVENT EXPENSES
total $961,842
-
24c · Other expenses: MISCELLANEOUS
total $44,369
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $11,113
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,688,801 · end of year $679,002
-
2 · Savings and temporary cash investments
beginning of year $6,290,690 · end of year $7,111,850
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $965,244 · end of year $839,482
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $247,146 · end of year $261,813
-
10a · Land, buildings and equipment: cost or other basis
$449,077
-
10b · Land, buildings and equipment: accumulated depreciation
$350,024
-
10c · Land, buildings and equipment, net
beginning of year $119,083 · end of year $99,053
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,367,833 · end of year $1,098,761
-
17 · Accounts payable and accrued expenses
beginning of year $1,712,030 · end of year $1,591,520
-
19 · Deferred revenue
beginning of year $4,152,187 · end of year $4,363,653
-
25 · Other liabilities
beginning of year $1,496,168 · end of year $1,240,259
-
27 · Net assets without donor restrictions
beginning of year $3,318,412 · end of year $2,894,529
Mission and programs · 2024
Mission
CLSA ADVANCES CALIFORNIAS WORLD-LEADING LIFE SCIENCES INNOVATION ECOSYSTEM BY ADVOCATING FOR EFFECTIVE NATIONAL, STATE AND LOCAL PUBLIC POLICIES AND SUPPORTING ENTREPRENEURS AND LIFE SCIENCES BUSINESSES.
Activities or mission (Part I)
ADVANCE CA LIFE SCIENCES ECOSYSTEM BY ADVOCATING PUBLIC POLICIES & SUPPORTING BUSINESSES.
-
PANTHEON AWARDS CEREMONY: EACH YEAR CLSA RECOGNIZES ACHIEVEMENT AND HONORS EXCELLENCE IN THE LIFE SCIENCES INDUSTRY IN CALIFORNIA, AS IT BRINGS TOGETHER HUNDREDS OF CALIFORNIAS LIFE SCIENCES INDUSTRY LEADERS. THE PANTHEON AWARDS CEREMONY IS A CELEBRATION OF THE CONTRIBUTIONS AND ACHIEVEMENTS OF THE STATE AND A MOMENT IN TIME TO PAUSE AND REFLECT ON THE INDUSTRYS LEGACY OVER THREE DECADES.
-
Racial & Social Equity: The Racial & Social Equity Initiative is our bold plan to commit to change, a unified effort TO PROMOTE INCLUSIVE LEADERSHIP PRIMARILY THROUGH CAUCUS ENGAGEMENT AND WORKFORCE AND TALENT PROGRAMS.
-
LIFE SCIENCES ACADEMY: LIFE SCIENCES ACADEMY IS DEDICATED TO EDUCATING POLICY MAKERSAND OPINION LEADERS ABOUT OUR INDUSTRY, INCREASING THEIR AWARENESS OF CALIFORNIASLIFE SCIENCES MOST PRESSING ISSUES IN SERVING PATIENTS AND IMPROVING THE QUALITY OFLIFE FOR RESIDENTS ACROSS CALIFORNIA.
As filed on the 2024 return.
Listed in Part VII
-
MICHAEL GUERRA
President & CEO
- Total calculated
- $785,304
- From this org
- $739,138
- From related orgs
- $0
- Other
- $46,166
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $588,523
- Bonus
- $150,615
- Other
- not reported
- Deferred
- $13,800
- Nontaxable benefits
- $32,366
- Filer's total
- $785,304
-
Brent Fisk
SENIOR VP
- Total calculated
- $404,643
- From this org
- $376,852
- From related orgs
- $0
- Other
- $27,791
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $294,057
- Bonus
- $82,795
- Other
- not reported
- Deferred
- $15,723
- Nontaxable benefits
- $12,068
- Filer's total
- $404,643
-
Kimberley Brocchini
SENIOR VP
- Total calculated
- $373,152
- From this org
- $326,851
- From related orgs
- $0
- Other
- $46,301
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,851
- Bonus
- $63,000
- Other
- not reported
- Deferred
- $14,403
- Nontaxable benefits
- $31,898
- Filer's total
- $373,152
-
JAYNE MCNICOL
CFO
- Total calculated
- $371,304
- From this org
- $347,988
- From related orgs
- $0
- Other
- $23,316
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $269,728
- Bonus
- $78,260
- Other
- not reported
- Deferred
- $22,574
- Nontaxable benefits
- $742
- Filer's total
- $371,304
-
STACEY BOWLIN
SENIOR VP
- Total calculated
- $345,657
- From this org
- $311,142
- From related orgs
- $0
- Other
- $34,515
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,219
- Bonus
- $43,706
- Other
- $72,217
- Deferred
- $10,461
- Nontaxable benefits
- $24,054
- Filer's total
- $345,657
-
SAMUEL CHUNG
VP STATE GOV
- Total calculated
- $312,204
- From this org
- $295,671
- From related orgs
- $0
- Other
- $16,533
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,253
- Bonus
- $75,418
- Other
- not reported
- Deferred
- $8,801
- Nontaxable benefits
- $7,732
- Filer's total
- $312,204
-
SAMUEL ASSMANN
VP MEMB & BUS
- Total calculated
- $274,513
- From this org
- $240,346
- From related orgs
- $0
- Other
- $34,167
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,994
- Bonus
- $51,352
- Other
- not reported
- Deferred
- $12,051
- Nontaxable benefits
- $22,116
- Filer's total
- $274,513
-
NICOLE ANDERSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
NADIR MAHMOOD
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
VASILIKI ANEST
Director
- Total calculated
- $0
- Hours/week
- 1
-
JEFF JONKER
Director
- Total calculated
- $0
- Hours/week
- 1
-
WA'EL HASHAD
Director
- Total calculated
- $0
- Hours/week
- 1
-
DEBRA BARRETT
Director
- Total calculated
- $0
- Hours/week
- 1
-
MONICA BEAM
Director
- Total calculated
- $0
- Hours/week
- 1
-
RAMLAH NEHRING
Director
- Total calculated
- $0
- Hours/week
- 1
-
ANINDITA BASU
Director
- Total calculated
- $0
- Hours/week
- 1
-
JUNG CHOI
Director
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN GRIMES
Director
- Total calculated
- $0
- Hours/week
- 1
-
CARYN MCDOWELL
Director
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT BOHN
Director
- Total calculated
- $0
- Hours/week
- 1
-
BADIA BOUDAIFFA
Director
- Total calculated
- $0
- Hours/week
- 1
-
BRYAN GIRAUDO
Director
- Total calculated
- $0
- Hours/week
- 1
-
KATIE PENG
Director
- Total calculated
- $0
- Hours/week
- 1
-
FRED DOREY
Director
- Total calculated
- $0
- Hours/week
- 1
-
RICH RAMKO
Director
- Total calculated
- $0
- Hours/week
- 1
-
JEFF FARROW
Director
- Total calculated
- $0
- Hours/week
- 1
-
MELINDA RICHTER
Chair Emerita
- Total calculated
- $0
- Hours/week
- 1
-
ROBIN ROBERTS
Director
- Total calculated
- $0
- Hours/week
- 1
-
KATIE WECHSLER
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
BABAK HAGHIRI
Director
- Total calculated
- $0
- Hours/week
- 1
-
JANE CHUNG
Director
- Total calculated
- $0
- Hours/week
- 1
-
GRACE HAN MCMAHON
Director
- Total calculated
- $0
- Hours/week
- 1
-
MEGAN HALL
Director
- Total calculated
- $0
- Hours/week
- 1
-
MARK ROEDER
Director
- Total calculated
- $0
- Hours/week
- 1
-
ERIK HARRIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
JOY RUSSELL
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
ALBERTO ZACARIAS
Director
- Total calculated
- $0
- Hours/week
- 1
-
KEITH MURPHY
Director
- Total calculated
- $0
- Hours/week
- 1
-
JEFF LANDAU
Director
- Total calculated
- $0
- Hours/week
- 1
-
ANA HOOKER
Director
- Total calculated
- $0
- Hours/week
- 1
-
SONAL MATAI
Director
- Total calculated
- $0
- Hours/week
- 1
-
GREG PORTNER
Director
- Total calculated
- $0
- Hours/week
- 1
-
GANESH RAMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
AMMAR QADAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
AZIZ SAWAF
Director
- Total calculated
- $0
- Hours/week
- 1
-
BETH ROBERTS
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
TERRY ROSEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE SAVAGE
Director
- Total calculated
- $0
- Hours/week
- 1
-
INDIA VALENTINE
Director
- Total calculated
- $0
- Hours/week
- 1
-
CHETANA RAO
Director
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER RUDDOCK
Director
- Total calculated
- $0
- Hours/week
- 1
-
BRIDGET WALSH
Director
- Total calculated
- $0
- Hours/week
- 1
-
JULIE VISSER
Director
- Total calculated
- $0
- Hours/week
- 1
-
ALICE ZHANG
Director
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPH PITTIUS
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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 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
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- EMPLOYEES HAVE THE OPPORTUNITY TO JOIN A HEALTH CLUB FACILITY IN THEIR LOCAL AREA OR OTHERWISE PAY FOR HEALTH-RELATED ACTIVITIES. SUCH HEALTH-RELATED COSTS WILL BE COVERED FOR EMPLOYEES ONLY, WITH A MAXIMUM MONTHLY CHARGE OF $40.00.
- Part I, Line 5b: Explanation of organization compensation based on revenues of related organization
- Part III, Additional Information
- THE CALIFORNIA LIFE SCIENCES ASSOCIATION (CLSA) BOARD OF DIRECTORS EXECUTIVE COMMITTEE (THE COMMITTEE) FUNCTIONS AS THE COMPENSATION COMMITTEE FOR PURPOSES OF DETERMINING EXECUTIVE SALARY COMPARABILITY AND ENSURING ALL OF CLSAS COMPENSATION PRACTICES ARE CARRIED OUT IN A RESPONSIBLE MANNER AND ARE ALSO COMPLIANT WITH STATE AND FEDERAL REGULATIONS. THE COMMITTEE HAS OVERALL RESPONSIBILITY FOR EVALUATING THE PERFORMANCE AND COMPENSATION OF THE CEO AND CFO (EXECUTIVES). ANY CHANGES IN SALARY FOR THE EXECUTIVES WILL BE DETERMINED BY THE COMMITTEE, AND DOCUMENTATION IS KEPT OF ITS DELIBERATIONS REGARDING THE COMPENSATION OF THE EXECUTIVES. AFTER THE COMMITTEE HAS REVIEWED ITS FINDINGS REGARDING RELEVANT COMPARABILITY DATA, THE COMMITTEE WILL DECIDE UPON AN APPROPRIATE SALARY, BONUS, AND ANY OTHER FRINGE BENEFITS OR PERQUISITES. ANY SALARY CHANGES WILL BE EFFECTIVE ON AN AGREED UPON DATE.
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.
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.
-
CALIFORNIA LIFE SCIENCES ASSOCIATION PAC
527 · POLITICAL ACTION COMMITTEE · CA
-
501(C)(3) · LIFE SCIENCES INNOVATION · CA
-
CALIFORNIA HEALTHCARE INSTITUTE FDT
501(C)(3) · OUTREACH, RESEARCH & EDUCATION · CA
-
COALITION FOR PATIENT ACCESS INNOVATION
527 · INDEPENDENT EXPENDITURE · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503189349305110
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