California Life Sciences Association
- Assets
- $8.7m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 38
- Location
- San Diego, CA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3226523
Organization Overview
California Life Sciences Association is located in San Diego, CA. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, California Life Sciences Association employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Life Sciences Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, California Life Sciences Association generated $9.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. While expenses have increased by 5.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE CA LIFE SCIENCES ECOSYSTEM BY ADVOCATING PUBLIC POLICIES & SUPPORTING BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PANTHEON AWARDS CEREMONY: EACH YEAR CLSA RECOGNIZES ACHIEVEMENT AND HONORS EXCELLENCE IN THE LIFE SCIENCES INDUSTRY IN CALIFORNIA, AS IT BRINGS TOGETHER OVER 650 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 DO MORE FOR THE HISTORICALLY EXCLUDED BLACK, INDIGENOUS AND OTHER PEOPLE OF COLOR (BIPOC) POPULATIONS IN CALIFORNIA.
EVENING WITH THOUGHT LEADERS: EVENING WITH THOUGHT LEADERS PROVIDES AN OPPORTUNITY TO CONNECT WITH MORE THAN 150 INDUSTRY LEADERS REPRESENTING ALL FACETS OF THE LIFE SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Guerra President & CEO | OfficerTrustee | 40 | $713,910 |
Andrew Setikas Cbo | Officer | 40 | $369,465 |
Jayne Mcnicol CFO | Officer | 20 | $307,889 |
Oliver Rocroi VP State Gov | 40 | $230,985 | |
Samuel Assmann Dir Bus Dev | 40 | $211,722 | |
Joseph Teevan Sr Dir Finance | 40 | $188,855 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rational 360 Govt Relations-advocacy | 12/30/21 | $204,800 |
Capitol Advocacy Llc Govt Relations-advocacy | 12/30/21 | $156,000 |
Forbes Tate Partners Govt Relations-advocacy | 12/30/21 | $180,000 |
W Strategies Public Policy Mgmt | 12/30/21 | $126,500 |
Rebecca E Achurch Consulting | 12/30/21 | $117,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,065,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,065,115 |
| Total Program Service Revenue | $8,573,673 |
| Investment income | $11,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$483 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,649,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $1,541,363 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,202,509 |
| Pension plan accruals and contributions | $93,415 |
| Other employee benefits | $482,094 |
| Payroll taxes | -$87,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,791 |
| Fees for services: Accounting | $3,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $530,252 |
| Advertising and promotion | $144,362 |
| Office expenses | $204,867 |
| Information technology | $76,954 |
| Royalties | $0 |
| Occupancy | $575,734 |
| Travel | $100,121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,858 |
| Insurance | $25,645 |
| All other expenses | $0 |
| Total functional expenses | $8,397,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,781,376 |
| Savings and temporary cash investments | $5,842,771 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $629,045 |
| 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 | $240,442 |
| Net Land, buildings, and equipment | $199,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,193 |
| Total assets | $8,698,147 |
| Accounts payable and accrued expenses | $2,132,962 |
| Grants payable | $0 |
| Deferred revenue | $3,817,681 |
| 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 | $5,950,643 |
| Net assets without donor restrictions | $2,747,504 |
| 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 | $8,698,147 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that California Life Sciences Association has recieved totaling $210,000.
| Awarding Organization | Amount |
|---|---|
Biotechnology Innovation Organization Washington, DC PURPOSE: SUPPORT | $200,000 |
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |