Southeast Life Sciences Inc
- Assets
- $229.0k
- Revenue
- $375.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Roswell, GA
- Founding
- Data as of
- 12/2021
- EIN
- 56-2140648
Organization Overview
Southeast Life Sciences Inc is located in Roswell, GA. Southeast Life Sciences Inc 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, Southeast Life Sciences Inc generated $375.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $466.1k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 6 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTOR FORUM: THE ORGANIZATION (SOUTHEAST LIFE SCIENCES) HOSTS A LIFE SCIENCE-FOCUSED INVESTOR CONFERENCE ONCE A YEAR. THE CONFERENCE ROTATES BETWEEN SOUTHEASTERN STATES EACH YEAR AND TYPICALLY DRAWS BETWEEN 200-400 ATTENDEES. THE OBJECTIVE OF THE CONFERENCE IS TO ENCOURAGE NETWORKING AMONG THE KEY MEMBERS OF THE SOUTHEAST'S LIFE SCIENCE BUSINESS COMMUNITY AND THOSE LOOKING TO DO BUSINESS IN THE REGION, IN AN EFFORT TO SUPPORT EMERGING SOUTHEAST-BASED COMPANIES. ATTENDEES TYPICALLY INCLUDE VENTURE CAPITALISTS, ANGEL INVESTORS, BIOTECHNOLOGY AND MEDICAL TECHNOLOGY EXECUTIVES, ENTREPRENEURS, UNIVERSITY REPRESENTATIVES AND OTHER INDUSTRY PROFESSIONALS. A PRIMARY AND IMMEDIATE GOAL OF THE CONFERENCE IS TO SHOWCASE EARLY-STAGE LIFE SCIENCE COMPANIES TO INVESTORS AND (CONTINUED ON SCHEDULE O) (CONT'D) CORPORATE PARTNERS WHO MAY BE INTERESTED IN FUNDING THEIR NEXT PHASE OF DEVELOPMENT. SINCE THE INVESTOR FORUM BEGAN IN 1999, OVER 700 COMPANIES HAVE PRESENTED AT SEBIO AND SEMDA (THE TWO ORGANIZATIONS THAT MERGED TO FORM SOUTHEAST LIFE SCIENCES). IN ADDITION, THE CONFERENCE OFFERS MULTIPLE EDUCATIONAL SESSIONS RELEVANT TO EMERGING LIFE SCIENCE COMPANIES. A LONG-TERM GOAL OF THE CONFERENCE IS TO STRENGTHEN AND GROW THE REGIONAL LIFE SCIENCE INDUSTRY BY ENCOURAGING INVESTMENT IN AND PARTNERSHIPS WITH SOUTHEAST-BASED COMPANIES.
MEDTECH WOMEN@SLS WAS DEVELOPED TO HELP FOSTER NETWORKING, MENTORING, AND EDUCATION OF WOMEN IN THE MEDTECH COMMUNITY. IN 2021, MEDTECH WOMEN@SLS HOSTED A VIRTUAL CONFERENCE IN SEPTEMBER, BRINGING TOGETHER MORE THAN 100 LEADERS FROM ACROSS THE NATION. WOMEN@SLS IS OVERSEEN BY AN UNOFFICIAL GOVERNING BOARD, WHICH WORKS WITH SLS STAFF ON PROGRAMMING AND MARKETING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Rupp Executive Director | OfficerTrustee | 40 | $84,358 |
Tom Fagley Treasurer, Executive Commi | OfficerTrustee | 2 | $0 |
Dave White Executive Committee | OfficerTrustee | 1 | $0 |
Lee Burnes Co-Chair, Executive Commit | OfficerTrustee | 2 | $0 |
Ken Eheman Executive Committee | OfficerTrustee | 1 | $0 |
Ibraheem Badejo Executive Committee | OfficerTrustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $373,891 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,148 |
| 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. | $84,358 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,464 |
| Payroll taxes | $6,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,249 |
| Office expenses | $12,936 |
| Information technology | $26 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $261,300 |
| Interest | $107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $466,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $170,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,028 |
| 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 | $4,503 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $229,026 |
| Accounts payable and accrued expenses | $207,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $207,671 |
| Net assets without donor restrictions | $0 |
| 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 | $21,355 |
| Total liabilities and net assets/fund balances | $229,026 |
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