Civic Intelligence

South Carolina Biotechnology Industry

990 • Fiscal year 2018 • EIN 20-0613951

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

Organization ProfileWWW.SCBIO.ORG
1140 Woodruff Road No 106Greenville, SC 29607

(864) 397-5101

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$121,025

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 53.1% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

3rd percentile

-91%

Faster asset growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

19th percentile

-26%

Faster revenue growth than 19% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$9,718

Down $96,315 (-91%) from 2017

Net Assets

Down

$9,718

Down $96,315 (-91%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin9th percentile

Revenue

Down

$227,756

Down $81,207 (-26%) from 2017

Expenses

Up

$324,071

Up $24,201 (+8.1%) from 2017

Net Income

Down

-$96,315

Down $105,408 (-1159%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $29,141Liabilities 2010: $02010Assets 2011: $32,826Liabilities 2011: $1,0002011Assets 2012: $60,503Liabilities 2012: $25,457Net Assets 2012: $35,0462012Assets 2013: $94,118Liabilities 2013: $293Net Assets 2013: $93,8252013Assets 2014: $70,168Liabilities 2014: $0Net Assets 2014: $70,1682014Assets 2015: $247,917Liabilities 2015: $0Net Assets 2015: $247,9172015Assets 2016: $96,940Liabilities 2016: $0Net Assets 2016: $96,9402016Assets 2017: $106,033Liabilities 2017: $0Net Assets 2017: $106,0332017Assets 2018: $9,718Liabilities 2018: $0Net Assets 2018: $9,7182018Assets 2019: $21,853Liabilities 2019: $0Net Assets 2019: $21,8532019Assets 2020: $20,743Liabilities 2020: $0Net Assets 2020: $20,7432020Assets 2021: $40,810Liabilities 2021: $0Net Assets 2021: $40,8102021Assets 2022: $39,258Liabilities 2022: $0Net Assets 2022: $39,2582022Assets 2023: $50,520Liabilities 2023: $0Net Assets 2023: $50,5202023Assets 2024: $39,477Liabilities 2024: $0Net Assets 2024: $39,4772024

Highlighted filing

2018

Assets$9,718
Liabilities$0
Net Assets$9,718
Open 2018 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2010: $15,204Expenses 2010: $27,535Net Income 2010: -$12,3312010Revenue 2011: $111,235Expenses 2011: $108,550Net Income 2011: $2,6852011Expenses 2012: $209,6562012Revenue 2013: $261,075Expenses 2013: $202,296Net Income 2013: $58,7792013Revenue 2014: $221,291Expenses 2014: $244,948Net Income 2014: -$23,6572014Revenue 2015: $393,809Expenses 2015: $216,060Net Income 2015: $177,7492015Revenue 2016: $195,058Expenses 2016: $225,795Net Income 2016: -$30,7372016Revenue 2017: $308,963Expenses 2017: $299,870Net Income 2017: $9,0932017Revenue 2018: $227,756Expenses 2018: $324,071Net Income 2018: -$96,3152018Revenue 2019: $103,614Expenses 2019: $91,479Net Income 2019: $12,1352019Revenue 2020: $81,500Expenses 2020: $82,610Net Income 2020: -$1,1102020Revenue 2021: $25,000Expenses 2021: $4,933Net Income 2021: $20,0672021Revenue 2022: $384,448Expenses 2022: $386,000Net Income 2022: -$1,5522022Revenue 2023: $25,000Expenses 2023: $13,738Net Income 2023: $11,2622023Revenue 2024: $0Expenses 2024: $11,043Net Income 2024: -$11,0432024

Highlighted filing

2018

Revenue$227,756
Expenses$324,071
Net Income-$96,315
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$227,756
Mission and Program Overview

Mission

Sc bio is a member organization that exists to support and advance the south carolina life science industry through collaboration, advocacy, workforce development, enhanced purchasing power and education. This mission further our goal of ensuring that south carolina's companies, research institutions, and citizens reap the economic and societal benefits of a world-class life sciences cluster.

To support south carolina's life sciences industry through collaboration, advocacy, and workforce development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$105,399$9,103▼ $96,296
Intangible Assets$634$615▼ $19
Total Assets$106,033$9,718▼ $96,315
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$106,033$9,718▼ $96,315
Total Net Assets Fund Balance$106,033$9,718▼ $96,315
Total Liabilities and Net Assets / Fund Balance$106,033$9,718▼ $96,315
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Samuel KondurosPresident/CEOFT$121,025$121,025

Board Members and Trustees

NameTitle
Craig WalkerVice Chairman
Adam HootsBoard Member
Chad HardawayBoard Member
Christine Dixon ThiesingBoard Member
Courtney WarrenBoard Member
Darralyn AlexanderBoard Member
David ShalabyBoard Member
Erica JacksonBoard Member
Heather JonesBoard Member
Jerry ChangBoard Member
Jj DarbyBoard Member
Josh RidleyBoard Member
Kathy PhlegarBoard Member
Mandy BrawleyBoard Member
Marc MetcalfBoard Member
Martine LabergeBoard Member
Matthew CouvillionBoard Member
Mike BriggsBoard Member
Mike GraneyBoard Member
Robert RyanBoard Member
Tom MckennaBoard Member
Tressa GardnerBoard Member
Will HarmsBoard Member
Stephanie YarboroughAnnual Conference Officer
Lou KennedyChariman
Bryan DavisHealthcare/innovation Offi
Jeff StoverLegal Officer
Kathryn Cole BeckerSecretary
Michael RusnakTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$227,756
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-96,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$221,664
Other Expenses$102,407
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$153,065$51,022-$204,087
Travel$45,892--$45,892
Fees for Services Other$21,800$6,312-$28,112
Payroll Taxes$11,814$3,938-$15,752
Conferences and Meetings$8,851--$8,851
Advertising$3,061--$3,061
Fees for Services Accounting-$2,547-$2,547
Other Salaries and Wages$1,369$456-$1,825
Other Expenses$1,500$744-$744
Depreciation Depletion-$19-$19
Total Functional Expenses$258,276$65,795$0$324,071
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The president reviews the 990 then provides a copy to the board for review before filing the 990.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
South Carolina Biotechnology Industry
EIN
20-0613951
Phone
8643975101
Address
1140 WOODRUFF ROAD NO 106, GREENVILLE, SC 29607

Signing Officer

Name
Samuel Konduros
Title
President
Phone
8643975101
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel Konduros
Formed
2004
Legal Domicile
Sc
Voting Board Members
23
Independent Board Members
21
Employees
0
Volunteers
0

Preparer

Firm
Bauknight Pietras & Stormer Pa
Address
1501 MAIN ST SUITE 600, COLUMBIA, SC 29201
Preparer
Shellie S Johnson
Phone
8037718943
Raw XML AppendixShowing 400 of 518 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt23TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt24SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt26CHARIMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt27LEGAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt28ANNUAL CONFERENCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt29HEALTHCARE/INNOVATION OFFI
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0227756
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt0634
IRS990/IntangibleAssetsGrp/EOYAmt0615
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SCBIO IS A MEMBER ORGANIZATION THAT EXISTS TO SUPPORT AND ADVANCE THE SOUTH CAROLINA LIFE SCIENCES INDUSTRY THROUGH COLLABORATION, INNOVATION AND RESEARCH, WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT INITIATIVES AND EDUCATION. THIS MISSION FURTHERS OUR GOAL OF ENSURING THAT SOUTH CAROLINA'S COMPANIES, RESEARCH INSTITUTIONS, AND CITIZENS REAP THE ECONOMIC AND SOCIETAL BENEFITS OF A WORLD-CLASS LIFE SCIENCES CLUSTER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0106033
IRS990/NetAssetsOrFundBalancesEOYAmt09718
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1SPONSORSHIPS & MEMBERSH
IRS990/OtherExpensesGrp/Desc2PAYROLL FEES
IRS990/OtherExpensesGrp/Desc3BANK SERVICE FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0757
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1744
IRS990/OtherExpensesGrp/ProgramServicesAmt010924
IRS990/OtherExpensesGrp/ProgramServicesAmt11500
IRS990/OtherExpensesGrp/TotalAmt010924
IRS990/OtherExpensesGrp/TotalAmt11500
IRS990/OtherExpensesGrp/TotalAmt2757
IRS990/OtherExpensesGrp/TotalAmt3744
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0456
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01369
IRS990/OtherSalariesAndWagesGrp/TotalAmt01825
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03938
IRS990/PayrollTaxesGrp/ProgramServicesAmt011814
IRS990/PayrollTaxesGrp/TotalAmt015752
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SAMUEL KONDUROS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1BIO SOLUTIONS
IRS990/ProgramServiceRevenueGrp/Desc2EDUCATION EVENTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135156
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21575
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0191025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135156
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21575
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT ACTIVITIES, INCLUDING CONFERENCES PROMOTING SOUTH CAROLINA LIFE SCIENCES
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IRS990/PYRevenuesLessExpensesAmt09093
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IRS990/PYTotalExpensesAmt0299870
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0308963
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IRS990/ReconcilationRevenueExpnssAmt0-96315
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt048200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt065600
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0308963
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0283928
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0173091
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01176396
IRS990ScheduleA/InvestmentIncomeCYPct00.00000

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,718
Liabilities
$0
Net assets
$9,718
Revenue
$227,756
Expenses
$324,071
Net income
-$96,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.00$0.11$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.25$0.14$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$3.84$3.86$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.25$0.05$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.82$0.83$0.01
2019Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$1.04$0.91$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$2.28$3.24$0.96
2017Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$3.09$3.00$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$1.95$2.26$0.31
2015Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$3.94$2.16$1.78
2014Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$2.21$2.45$0.24
2013Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$2.61$2.02$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.25$0.35$2.10
2011Summary only. Only limited summary data is available for this year.$0.33$0.01$1.11$1.09$0.03
2010Summary only. Only limited summary data is available for this year.$0.29$0.00$0.15$0.28$0.12