Life Sciences Trainers & Educators
- Assets
- $4.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Roanoke, VA
- Founding
- 09/2006
- Data as of
- 12/2023
- EIN
- 20-3641423
Organization Overview
Life Sciences Trainers & Educators is located in Roanoke, VA. The organization was established in 2006. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2023, Life Sciences Trainers & Educators employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Sciences Trainers & Educators is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Life Sciences Trainers & Educators generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE PROFESSIONAL TRAINING IN THE LIFE SCIENCE INDUSTRY.
Describe the Organization's Program Activity:
ANNUAL CONFERENCE - AN EDUCATIONAL PROGRAM FOR THE GENERAL MEMBERSHIP FROM PHARMACEUTICAL, BIOTECH, MEDICAL DEVICE AND DIAGNOSTIC INDUSTRIES.
FOCUS PERIODICALS, JOB POSTINGS AND WEBSITE LISTINGS
TRAINING WORKSHOPS - MEMBERS RECEIVE EDUCATION SKILLS DEVELOPMENT TRAINING.
PREFERRED INDUSTRY PARTNERSHIPS - RELATIONSHIPS TO PROMOTE THE ENHANCEMENT AND GROWTH OF LTEN AND ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Adamson President | OfficerTrustee | 0.5 | $0 |
Jeffrey Hartzler Vice Preside | OfficerTrustee | 0.5 | $0 |
Laura Last Vice Preside | OfficerTrustee | 0.5 | $0 |
Connie Murray Secretary | OfficerTrustee | 0.5 | $0 |
Jennifer Bryan Treasurer | OfficerTrustee | 0.5 | $0 |
Hector Baeza Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Certified Medical Representatives In Business Servic | 12/30/23 | $154,200 |
Haunroth Media Consulting Consulting | 12/30/23 | $143,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $321,027 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,027 |
| Total Program Service Revenue | $3,327,981 |
| Investment income | $102,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,936 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,730,743 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $334,948 |
| Compensation of current officers, directors, key employees. | $150,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,971 |
| Pension plan accruals and contributions | $19,731 |
| Other employee benefits | $17,140 |
| Payroll taxes | $52,815 |
| Fees for services: Management | $154,200 |
| Fees for services: Legal | $3,055 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,269 |
| Fees for services: Other | $58,535 |
| Advertising and promotion | $26,946 |
| Office expenses | $52,592 |
| Information technology | $144,778 |
| Royalties | $0 |
| Occupancy | $896 |
| Travel | $3,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,670,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,424 |
| Insurance | $14,237 |
| All other expenses | $0 |
| Total functional expenses | $3,653,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $646,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $113,432 |
| Net Land, buildings, and equipment | $7,253 |
| Investments—publicly traded securities | $3,654,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,471 |
| Other assets | $0 |
| Total assets | $4,865,778 |
| Accounts payable and accrued expenses | $54,956 |
| Grants payable | $0 |
| Deferred revenue | $1,114,188 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,169,144 |
| Net assets without donor restrictions | $3,696,634 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,865,778 |