Analytical Life Science & Diagnostics Association
- Assets
- $2.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Alexandria, VA
- Founding
- 07/2003
- Data as of
- 06/2023
- EIN
- 90-0081417
Organization Overview
Analytical Life Science & Diagnostics Association is located in Alexandria, VA. 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. As of 06/2023, Analytical Life Science & Diagnostics Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Analytical Life Science & Diagnostics 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 06/2023, Analytical Life Science & Diagnostics Association generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. While expenses have increased by 4.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ORGANIZED AND HELD TWO MEETINGS FOR THE PRESIDENTS AND SENIOR EXECUTIVES OF OUR ALDA MEMBER COMPANIES. THESE MEETINGS ARE DESIGNED TO ASSESS BUSINESS TRENDS OF INTEREST TO OUR INDUSTRY, NEW TECHNOLOGIES AND EMERGING MARKETS, AND OFFER MANAGEMENT ADVICE AND STRATEGIES ALONG WITH OPPORTUNITIES TO INTERACT AND DEVELOP BUSINESS RELATIONSHIPS WITH OTHER COMPANIES AND EXECUTIVES IN OUR INDUSTRY. THE PURPOSE IS TO STRENGTHEN THE BUSINESS KNOWLEDGE AND PERFORMANCE OF OUR MEMBERS. WE ACQUAINT OUR MEMBERS WITH INDUSTRY TRENDS, CHANGING CUSTOMER NEEDS FOR OUR INDUSTRY'S PRODUCTS AND SERVICES AND EMERGING TECHNOLOGIES.
WE SPONSOR THREE MARKET STATISTICS REPORTS TRACKING SALES OF OUR MEMBERS' PRODUCTS IN THE GLOBAL MARKETS. WE ALSO PROVIDE OUR MEMBERS WITH A QUARTERLY REPORT OFFERING A HIGH LEVEL OVERVIEW OF THE GLOBAL MARKET AND 15 PRODUCT AND MARKET SEGMENTS. THE PURPOSE IS TO INCREASE OUR MEMBERS UNDERSTANDING OF THE GLOBAL MARKETS AND TRENDS IN THE MARKETS FOR THEIR PRODUCTS.
WE SPONSOR AN ANNUAL SALARY SURVEY COVERING FIELD SALES AND TECHNICAL SERVICE PERSONNEL TO HELP OUR MEMBERS BENCHMARK THEIR COMPENSATION AND SALARY ADMINISTRATION PRACTICES AGAINST THE AVERAGES OF OTHER COMPANIES IN OUR INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Kaltenbach Chair | OfficerTrustee | 2 | $0 |
Jacob Thaysen Vice Chair & Chair Elect | OfficerTrustee | 1 | $0 |
Brad Gray Past Chair | OfficerTrustee | 1 | $0 |
Udit Batra Director | Trustee | 1 | $0 |
Thierry Bernard Director | Trustee | 1 | $0 |
Rainer Blair Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washington Speakers Bureau Speaker Fees | 6/29/23 | $221,924 |
Mandarin Oriental Meeting Expenses | 6/29/23 | $187,828 |
Dolder Hotel Ag Meeting Expenses | 6/29/23 | $139,402 |
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 | $2,343,252 |
| Investment income | $31,566 |
| 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 | $2,374,818 |
| 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. | $415,911 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,484 |
| Pension plan accruals and contributions | $18,101 |
| Other employee benefits | $40,904 |
| Payroll taxes | $29,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,997 |
| Fees for services: Accounting | $58,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,700 |
| Advertising and promotion | $0 |
| Office expenses | $42,237 |
| Information technology | $11,643 |
| Royalties | $0 |
| Occupancy | $13,185 |
| Travel | $431,647 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $428,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,743 |
| Insurance | $14,346 |
| All other expenses | $0 |
| Total functional expenses | $1,908,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,102,500 |
| Savings and temporary cash investments | $1,378,482 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,100 |
| 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 | $186,690 |
| Net Land, buildings, and equipment | $35,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,909 |
| Total assets | $2,815,398 |
| Accounts payable and accrued expenses | $143,862 |
| Grants payable | $0 |
| Deferred revenue | $799,025 |
| 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 | $65,240 |
| Total liabilities | $1,008,127 |
| Net assets without donor restrictions | $1,807,271 |
| 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 | $2,815,398 |