Colorado Bioscience Association
- Assets
- $947.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 84-1363258
Organization Overview
Colorado Bioscience Association is located in Denver, CO. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Bioscience 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 12/2022, Colorado Bioscience Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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
COLORADO BIOSCIENCE ASSOCIATION (CBSA) CHAMPIONS A COLLABORATIVE COLORADO LIFE SCIENCES ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CBSA CREATES A SUPPORTIVE ECOSYSTEM FOR OUR MEMBERS (INDIVIDUALS TO MAJOR CORPORATIONS AND INSTITUTIONS), WHO DRIVE GLOBAL HEALTH INNOVATIONS THAT IMPROVE AND SAVE LIVES THROUGH:CAPITAL + GROWTH: WE SUPPORT ACCESS TO CAPITAL AT ALL STAGES OF COMMERCIALIZATION.EDUCATION + NETWORKING: WE FOSTER A STATEWIDE CULTURE OF COLLABORATION WITH OUR PROGRAMS AND EVENTS (SIGNATURE EVENTS INCLUDE: ANNUAL AWARDS CELEBRATION AND ROCKY MOUNTAIN LIFE SCIENCES INVESTOR + PARTNERING CONFERENCE).
POLICY + ADVOCACY: WE CULTIVATE A SUPPORTIVE, INNOVATION-FRIENDLY BUSINESS CLIMATE FOR LIFE SCIENCES. WORKFORCE CULTIVATION: WE GROW AN EDUCATED, EXPERIENCED WORKFORCE AND CONNECT JOBSEEKERS TO COMPANIES.CHAMPION: WE LEAD THE ECOSYSTEM IN COLORADO AND SHARE OUR SUCCESS STORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elyse Blazevich President And CEO | OfficerTrustee | 40 | $135,787 |
Kiki Traylor Chairperson | OfficerTrustee | 1 | $0 |
Ethan Mann Vice Chairperson | OfficerTrustee | 1 | $0 |
Alan Rudolph Secretary | OfficerTrustee | 1 | $0 |
Jim Wilson Treasurer | OfficerTrustee | 1 | $0 |
Bob Reddy Past Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $282,512 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $657,703 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $940,215 |
| Total Program Service Revenue | $387,475 |
| Investment income | $0 |
| 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 | $1,327,690 |
| 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. | $136,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $322,876 |
| Pension plan accruals and contributions | $9,869 |
| Other employee benefits | $50,138 |
| Payroll taxes | $45,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,750 |
| Fees for services: Lobbying | $76,308 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,105 |
| Advertising and promotion | $0 |
| Office expenses | $12,954 |
| Information technology | $19,555 |
| Royalties | $0 |
| Occupancy | $69,203 |
| Travel | $7,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $219,022 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,834 |
| Insurance | $4,125 |
| All other expenses | $27,799 |
| Total functional expenses | $1,269,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175,075 |
| 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 | $3,181 |
| Net Land, buildings, and equipment | $6,375 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221,826 |
| Total assets | $947,355 |
| Accounts payable and accrued expenses | $107,385 |
| Grants payable | $0 |
| Deferred revenue | $261,395 |
| 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 | $228,637 |
| Total liabilities | $597,417 |
| Net assets without donor restrictions | $349,938 |
| 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 | $947,355 |