Civic Intelligence

Life Sciences Trainers & Educators

990 • Fiscal year 2019 • EIN 20-3641423

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 23, 2020

4423 Pheasant Ridge Road Suite 100Roanoke, VA 24014

(800) 274-2674

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.27x

Higher debt load relative to assets than 62% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

70th percentile

0.44x

Higher debt load relative to revenue than 70% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

52nd percentile

3.3%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$263,493

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

68th percentile

9.9%

Faster asset growth than 68% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,238,660

Up $472,213 (+9.9%) from 2018

Net Assets

Up

$3,800,332

Up $499,995 (+15%) from 2018

Liabilities

Down

$1,438,328

Down $27,782 (-1.9%) from 2018

Revenue

Up

$3,268,472

Up $440,012 (+16%) from 2018

Expenses

Up

$3,160,642

Up $335,970 (+12%) from 2018

Net Income

Up

$107,830

Up $104,042 (+2747%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $3,566,148Liabilities 2011: $294,368Net Assets 2011: $3,271,7802011Assets 2012: $3,955,561Liabilities 2012: $338,065Net Assets 2012: $3,617,4962012Assets 2013: $3,583,183Liabilities 2013: $340,255Net Assets 2013: $3,242,9282013Assets 2014: $3,247,159Liabilities 2014: $462,558Net Assets 2014: $2,784,6012014Assets 2015: $3,600,719Liabilities 2015: $681,054Net Assets 2015: $2,919,6652015Assets 2016: $4,287,075Liabilities 2016: $1,107,006Net Assets 2016: $3,180,0692016Assets 2017: $4,941,633Liabilities 2017: $1,349,243Net Assets 2017: $3,592,3902017Assets 2018: $4,766,447Liabilities 2018: $1,466,110Net Assets 2018: $3,300,3372018Assets 2019: $5,238,660Liabilities 2019: $1,438,328Net Assets 2019: $3,800,3322019Assets 2020: $5,002,847Liabilities 2020: $1,083,425Net Assets 2020: $3,919,4222020Assets 2021: $5,475,280Liabilities 2021: $1,578,597Net Assets 2021: $3,896,6832021Assets 2022: $5,100,898Liabilities 2022: $1,828,805Net Assets 2022: $3,272,0932022Assets 2023: $4,865,778Liabilities 2023: $1,169,144Net Assets 2023: $3,696,6342023Assets 2024: $5,758,916Liabilities 2024: $1,598,139Net Assets 2024: $4,160,7772024

Highlighted filing

2019

Assets$5,238,660
Liabilities$1,438,328
Net Assets$3,800,332

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,765,1252011Expenses 2012: $1,799,7272012Revenue 2013: $2,138,218Expenses 2013: $2,659,500Net Income 2013: -$521,2822013Revenue 2014: $2,528,015Expenses 2014: $2,576,182Net Income 2014: -$48,1672014Revenue 2015: $2,439,630Expenses 2015: $2,228,630Net Income 2015: $211,0002015Revenue 2016: $2,609,942Expenses 2016: $2,489,236Net Income 2016: $120,7062016Revenue 2017: $2,710,836Expenses 2017: $2,615,685Net Income 2017: $95,1512017Revenue 2018: $2,828,460Expenses 2018: $2,824,672Net Income 2018: $3,7882018Revenue 2019: $3,268,472Expenses 2019: $3,160,642Net Income 2019: $107,8302019Revenue 2020: $1,781,581Expenses 2020: $1,850,155Net Income 2020: -$68,5742020Revenue 2021: $2,590,062Expenses 2021: $2,732,400Net Income 2021: -$142,3382021Revenue 2022: $3,016,805Expenses 2022: $3,188,057Net Income 2022: -$171,2522022Revenue 2023: $3,730,743Expenses 2023: $3,653,352Net Income 2023: $77,3912023Revenue 2024: $4,177,124Expenses 2024: $3,785,844Net Income 2024: $391,2802024

Highlighted filing

2019

Revenue$3,268,472
Expenses$3,160,642
Net Income$107,830
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 23, 2020
Return Version
2019v5.0
Gross Receipts
$3,344,186
Mission and Program Overview

Mission

To advance professional training in the pharmaceutical, biotech and medical device industries by:*establishing and maintaining the criteria for performance excellence*providing continuing education and resources for training professionals*developing leaders in the training profession*promoting understanding and support of the role of training and its contribution to business results*providing a positive forum for networking and sharing of best practices*encouraging high standards of performance*advancing the importance of learning to individuals, companies, and the industry*helping our companies by developing, transfering, and promoting relevant, quality learning opportunities and resources that result in improved patient care

To advance professional training in the life science industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,468,434$3,932,115▲ $463,681
Cash and Non-Interest-Bearing Accounts$952,084$790,354▼ $161,730
Accounts Receivable$234,554$296,260▲ $61,706
Prepaid Expenses and Deferred Charges$107,724$115,594▲ $7,870
Intangible Assets-$100,023-
Land, Buildings, and Equipment, Net$3,651$4,314▲ $663
Total Assets$4,766,447$5,238,660▲ $472,213
Liabilities
Deferred Revenue$1,367,402$1,278,207▼ $89,195
Accounts Payable and Accrued Expenses$98,708$160,121▲ $61,413
Total Liabilities$1,466,110$1,438,328▼ $27,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,300,337$3,800,332▲ $499,995
Total Net Assets Fund Balance$3,300,337$3,800,332▲ $499,995
Total Liabilities and Net Assets / Fund Balance$4,766,447$5,238,660▲ $472,213

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,314$15,962$20,276
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn BrehmExecutive DiFT$251,607$11,886$263,493
Dawn BrehmExecutive Director-$207,019$56,474$263,493
Tim SosbeEditorial DiFT$118,756$5,522$124,278
Christine GaudetDirector ofFT$117,084$3,512$120,596
Nannette NolanMarketingFT$100,437$13,924$114,361

Board Members and Trustees

NameTitle
David FortanbaryPresident
Bill MagagnaDirector
Carol WellsDirector
Chuck PearsonDirector
Ian KellyDirector
John SjovallDirector
MICHELLE O'CONNORDirector
Mark OsborneDirector
Megan SullivanDirector
Norma PiggottDirector
Ranieka WestonDirector
Rich BaronDirector
Connie MurraySecretary
Richard SampsonTreasurer
Ashley BentleyVice Preside
Greg AdamsonVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Certified Medical Representatives InBusiness Servic4423 PHEASANT RIDGE ROAD SUITE 100, Roanoke, VA 24014$160,320
Endless EventsEvent Planning11201 N TATUM BLVD STE 300 82963, Phoenix, AZ 85028$158,955
Haunroth Media ConsultingConsulting5273 N OSPREY DRIVE, New Lisbon, WI 53950$152,360
Confluence GlobalIt Consulting510 THORNALL STREET, Edison, NJ 08837$121,698
Gotham ArtistsSpeaking Fees550 3RD AVENUE 2ND FLOOR, New York, NY 10016$105,677
Revenue and Support

Revenue Composition

Contributions and Grants
$391,564
Program Service Revenue
$2,771,010
Investment Income
$105,898
Other Revenue
$0
All Other Contributions
$55,000
Change in Net Assets
$107,830

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,234,090
Revenue Not Reported on Financial Statements
$34,382
Revenue Not Reported on Form 990
$392,165
Total Revenue per Audited Statements
$3,626,255
Total Revenue per Form 990
$3,268,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,426,573
Salaries, Compensation, and Employee Benefits$734,069
Total Fundraising Expense$36,702
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,304,826--$1,304,826
Other Salaries and Wages$189,501$170,551$18,950$379,002
Current Officers, Directors, Trustees, and Key Employees$125,804$113,223$12,580$251,607
Fees for Services Management$48,096$112,224-$160,320
Fees for Services Other-$147,822-$147,822
Information Technology-$70,529-$70,529
Office Expenses$50,358$14,200-$64,558
Pension Plan Contributions$21,984$19,785$2,198$43,967
Payroll Taxes$19,155$17,239$1,915$38,309
Fees for Service Investment Mgmnt Fees-$34,382-$34,382
Advertising$34,336--$34,336
Other Expenses$36,730$27,526-$27,526
Other Employee Benefits$10,592$9,533$1,059$21,184
Fees for Services Accounting-$14,600-$14,600
Insurance-$10,999-$10,999
Travel-$7,652-$7,652
Depreciation Depletion-$5,525-$5,525
Occupancy-$806-$806
Fees for Services Legal-$485-$485
Total Functional Expenses$2,293,513$830,427$36,702$3,160,642

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,160,642
Expenses per Audited Statements$3,126,260
Total Expenses per Audited Statements$3,126,260
Expenses Not Reported on Financial Statements$34,382
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

No committee meetings were held in 2019.

Form 990, Page 6, Part VI, Line 11B

Board of directors reviews form 990 prior to it being filed.

Form 990, Page 6, Part VI, Line 12C

The policy and compliance with the policy is reviewed annually at the board of directors meeting.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation is the use of comparative data with other nonprofit organizations. The board ultimately gives final approval of the compensation amount.

Form 990, Page 6, Part VI, Line 19

Organization documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Life Sciences Trainers & Educators
EIN
20-3641423
Phone
8002742674
Address
4423 PHEASANT RIDGE ROAD SUITE 100, ROANOKE, VA 24014

Signing Officer

Name
David Fortanbary
Title
President
Phone
8002742674
Signed
2020-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Fortanbary
Formed
2005
Legal Domicile
Va
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
40

Preparer

Firm
Anderson & Reed Llp
Address
1515 FRANKLIN RD SW, ROANOKE, VA 24016-5206
Preparer
J David Wright
Phone
5403444333
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Lten is the essential resource for life sciences trainer education and networking; enabling members to harness their collective knowledge, apply leading-edge technology and deliver world class learning. Only lten specializes in meeting the needs of life sciences learning professionals. Lten shares the knowledge of industry leaders, provides insight into new technologies, offers innovative solutions and communities of practice that grow careers and organizational capabilities.

Form 990, Page 2, Part III, Line 4D

Focus periodicals, job postings and website listings

Form 990, Page 12, Part XII, Line 2C

The organization has not made any changes to its oversight or selection process in the tax year.

Raw XML AppendixShowing 400 of 621 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/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt13EDITORIAL DI
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19MARKETING
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IRS990/FormationYr02005
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IRS990/InsuranceGrp/ManagementAndGeneralAmt010999
IRS990/InsuranceGrp/TotalAmt010999
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IRS990/MembersOrStockholdersInd0false
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IRS990/MissionDesc0LTEN IS THE ESSENTIAL RESOURCE FOR LIFE SCIENCES TRAINER EDUCATION AND NETWORKING; ENABLING MEMBERS TO HARNESS THEIR COLLECTIVE KNOWLEDGE, APPLY LEADING-EDGE TECHNOLOGY AND DELIVER WORLD CLASS LEARNING. ONLY LTEN SPECIALIZES IN MEETING THE NEEDS OF LIFE SCIENCES LEARNING PROFESSIONALS. LTEN SHARES THE KNOWLEDGE OF INDUSTRY LEADERS, PROVIDES INSIGHT INTO NEW TECHNOLOGIES, OFFERS INNOVATIVE SOLUTIONS AND COMMUNITIES OF PRACTICE THAT GROW CAREERS AND ORGANIZATIONAL CAPABILITIES.
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IRS990/OtherExpensesGrp/ProgramServicesAmt0325163
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IRS990/ProgramServiceRevenueGrp/BusinessCd4511190
IRS990/ProgramServiceRevenueGrp/Desc0ANNUAL CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc1PREFERRED INDUSTRY PARTNERSHI
IRS990/ProgramServiceRevenueGrp/Desc2TRAINING PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc3ALL OTHER PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc4FOCUS PERIODICAL
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1822946
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2461110
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3127939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01315374
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1822946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2461110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3127939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt432152
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt032152
IRS990/ProgSrvcAccomActy2Grp/Desc0TRAINING WORKSHOPS - MEMBERS RECEIVE EDUCATION SKILLS DEVELOPMENT TRAINING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0325163
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0461110

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.76$1.60$4.16$4.18$3.79$0.39
2023Detailed filing. Detailed filing data is available for this year.$4.87$1.17$3.70$3.73$3.65$0.08
2022Detailed filing. Detailed filing data is available for this year.$5.10$1.83$3.27$3.02$3.19$0.17
2021Detailed filing. Detailed filing data is available for this year.$5.48$1.58$3.90$2.59$2.73$0.14
2020Detailed filing. Detailed filing data is available for this year.$5.00$1.08$3.92$1.78$1.85$0.07
2019Detailed filing. Detailed filing data is available for this year.$5.24$1.44$3.80$3.27$3.16$0.11
2018Detailed filing. Detailed filing data is available for this year.$4.77$1.47$3.30$2.83$2.82$0.00
2017Detailed filing. Detailed filing data is available for this year.$4.94$1.35$3.59$2.71$2.62$0.10
2016Detailed filing. Detailed filing data is available for this year.$4.29$1.11$3.18$2.61$2.49$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.60$0.68$2.92$2.44$2.23$0.21
2014Summary only. Only limited summary data is available for this year.$3.25$0.46$2.78$2.53$2.58$0.05
2013Detailed filing. Detailed filing data is available for this year.$3.58$0.34$3.24$2.14$2.66$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.34$3.62$1.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.29$3.27$1.77