Clinical And Laboratory Standards Institute
- Assets
- $16.6m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 40
- Location
- Berwyn, PA
- Founding
- 05/1971
- Data as of
- 06/2022
- EIN
- 23-7089361
Organization Overview
Clinical And Laboratory Standards Institute is located in Berwyn, PA. The organization was established in 1971. 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 06/2022, Clinical And Laboratory Standards Institute employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinical And Laboratory Standards Institute 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 06/2022, Clinical And Laboratory Standards Institute generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $9.8m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP CLINICAL AND LABORATORY PRACTICES AND PROMOTE THEIR USE WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Mottram Immediate Past President | OfficerTrustee | 1 | $0 |
Victor Waddell President | OfficerTrustee | 1 | $0 |
Rick Panning Treasurer | OfficerTrustee | 1 | $0 |
James Nichols President Elect | OfficerTrustee | 1 | $0 |
Dennis J Ernst Board Member | Trustee | 1 | $0 |
Leonthena Carrington Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,332,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,357,350 |
| Total Program Service Revenue | $3,827,358 |
| Investment income | $251,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,217,467 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $252,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,741,300 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,648,236 |
| 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. | $1,541,301 |
| Compensation of current officers, directors, key employees. | $1,541,301 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,793,114 |
| Pension plan accruals and contributions | $114,444 |
| Other employee benefits | $401,459 |
| Payroll taxes | $267,958 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,003 |
| Fees for services: Accounting | $28,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $993,206 |
| Advertising and promotion | $321,640 |
| Office expenses | $1,018,457 |
| Information technology | $518,156 |
| Royalties | $0 |
| Occupancy | $89,129 |
| Travel | $1,524,486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,339 |
| Insurance | $45,085 |
| All other expenses | $0 |
| Total functional expenses | $9,813,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23 |
| Savings and temporary cash investments | $1,921,309 |
| Pledges and grants receivable | $545,964 |
| Accounts receivable, net | $447,918 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,359 |
| Prepaid expenses and deferred charges | $268,265 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,255,175 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $90,872 |
| Other assets | $31,350 |
| Total assets | $16,582,235 |
| Accounts payable and accrued expenses | $1,007,309 |
| Grants payable | $0 |
| Deferred revenue | $2,243,318 |
| 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 | $3,250,627 |
| Net assets without donor restrictions | $13,331,608 |
| 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 | $16,582,235 |