Civic Intelligence

Life Sciences Trainers & Educators

990 • Fiscal year 2022 • EIN 20-3641423

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 03, 2023

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

72nd percentile

0.36x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.61x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

22nd percentile

-5.7%

Higher net margin than 22% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

77th percentile

$206,704

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

25th percentile

-6.8%

Faster asset growth than 25% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

16%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Down

$5,100,898

Down $374,382 (-6.8%) from 2021

Net Assets

Down

$3,272,093

Down $624,590 (-16%) from 2021

Liabilities

Up

$1,828,805

Up $250,208 (+16%) from 2021

Revenue

Up

$3,016,805

Up $426,743 (+16%) from 2021

Expenses

Up

$3,188,057

Up $455,657 (+17%) from 2021

Net Income

Down

-$171,252

Down $28,914 (-20%) from 2021

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

2022

Assets$5,100,898
Liabilities$1,828,805
Net Assets$3,272,093

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

2022

Revenue$3,016,805
Expenses$3,188,057
Net Income-$171,252
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 3, 2023
Return Version
2022v5.0
Gross Receipts
$3,016,805
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$3,698,477$3,268,195▼ $430,282
Cash and Non-Interest-Bearing Accounts$1,039,638$906,380▼ $133,258
Accounts Receivable$575,353$703,345▲ $127,992
Prepaid Expenses and Deferred Charges$45,101$143,708▲ $98,607
Intangible Assets$110,171$73,321▼ $36,850
Land, Buildings, and Equipment, Net$6,540$5,949▼ $591
Total Assets$5,475,280$5,100,898▼ $374,382
Liabilities
Deferred Revenue$931,451$1,794,051▲ $862,600
Accounts Payable and Accrued Expenses$647,146$34,754▼ $612,392
Total Liabilities$1,578,597$1,828,805▲ $250,208
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,896,683$3,272,093▼ $624,590
Total Net Assets Fund Balance$3,896,683$3,272,093▼ $624,590
Total Liabilities and Net Assets / Fund Balance$5,475,280$5,100,898▼ $374,382

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,949$23,189$29,138
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn BrehmExecutive DiFT$201,045$5,659$206,704
Dawn BrehmExecutive Director-$156,747$49,957$206,704
Christine GaudetDirector ofFT$127,161$3,815$130,976
Tim SosbeEditorial DiFT$123,327$5,450$128,777
Kathleen HerndonExecutive DiFT$118,716$9,420$128,136
Nannette NolanMarketingFT$108,363$11,906$120,269

Board Members and Trustees

NameTitle
Richard SampsonPresident
Amity CutaiaDirector
Carol WellsDirector
Hector BaezaDirector
Ian KellyDirector
Jeff HartzlerDirector
Jennifer BryanDirector
Jennifer MuszikDirector
John SjovallDirector
Jon MurrayDirector
Laura LastDirector
MICHELLE O'CONNORDirector
Mark LockettDirector
Mark OsborneDirector
Rich BaronDirector
Shaun McmahonDirector
Connie MurraySecretary
Ashley BentleyVice Preside
Greg AdamsonVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Certified Medical Representatives InBusiness Servic4423 PHEASANT RIDGE ROAD SUITE 100, Roanoke, VA 24014$168,840
Haunroth Media ConsultingConsultingW5215 SUNNY LANE, New Lisbon, WI 53950$164,849
Revenue and Support

Revenue Composition

Contributions and Grants
$305,944
Program Service Revenue
$2,655,676
Investment Income
$55,185
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$-171,252

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,984,677
Revenue Not Reported on Financial Statements
$32,128
Revenue Not Reported on Form 990
$-453,338
Total Revenue per Audited Statements
$2,531,339
Total Revenue per Form 990
$3,016,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,355,901
Salaries, Compensation, and Employee Benefits$780,406
Grants and Similar Amounts Paid$51,750
Total Fundraising Expense$39,021
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,278,458--$1,278,458
Other Salaries and Wages$228,653$205,788$22,866$457,307
Current Officers, Directors, Trustees, and Key Employees$100,523$90,470$10,052$201,045
Fees for Services Management$50,652$118,188-$168,840
Information Technology-$126,827-$126,827
Fees for Services Other-$78,405-$78,405
Grants to Domestic Orgs$51,750--$51,750
Payroll Taxes$25,719$23,147$2,572$51,438
Pension Plan Contributions$23,847$21,461$2,385$47,693
Office Expenses$37,365$4,844-$42,209
Depreciation Depletion-$39,663-$39,663
Fees for Service Investment Mgmnt Fees-$32,128-$32,128
Advertising$27,250--$27,250
Other Employee Benefits$11,462$10,315$1,146$22,923
Other Expenses$17,006$17,022-$17,006
Fees for Services Accounting-$14,600-$14,600
Insurance-$13,873-$13,873
Travel-$2,575-$2,575
Fees for Services Legal-$1,650-$1,650
Occupancy-$846-$846
Total Functional Expenses$2,287,999$861,037$39,021$3,188,057

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,188,057
Expenses per Audited Statements$3,155,929
Total Expenses per Audited Statements$3,155,929
Expenses Not Reported on Financial Statements$32,128
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pennsylvania State UniversityState College, PA115Fellowship Grant$51,750
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 2022.

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
Greg Adamson
Title
Vice President
Phone
8002742674
Signed
2023-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Adamson
Formed
2005
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
19
Employees
5
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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt22MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt23EDITORIAL DI
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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/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/RelatedOrExemptFuncIncomeAmt2388977
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1913699
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2388977
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt382990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt423809
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt023809
IRS990/ProgSrvcAccomActy2Grp/Desc0TRAINING WORKSHOPS - MEMBERS RECEIVE EDUCATION SKILLS DEVELOPMENT TRAINING.

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