Civic Intelligence

Life Sciences Trainers & Educators

990 • Fiscal year 2023 • EIN 20-3641423

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 17, 2024

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

70th percentile

0.24x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.31x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

45th percentile

2.1%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

90th percentile

$197,804

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

21st percentile

-4.6%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

70th percentile

24%

Faster revenue growth than 70% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,865,778

Down $235,120 (-4.6%) from 2022

Net Assets

Up

$3,696,634

Up $424,541 (+13%) from 2022

Liabilities

Down

$1,169,144

Down $659,661 (-36%) from 2022

Revenue

Up

$3,730,743

Up $713,938 (+24%) from 2022

Expenses

Up

$3,653,352

Up $465,295 (+15%) from 2022

Net Income

Up

$77,391

Up $248,643 (+145%) from 2022

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

2023

Assets$4,865,778
Liabilities$1,169,144
Net Assets$3,696,634

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

2023

Revenue$3,730,743
Expenses$3,653,352
Net Income$77,391
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 17, 2024
Return Version
2023v5.0
Gross Receipts
$4,217,760
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$3,268,195$3,654,811▲ $386,616
Accounts Receivable$703,345$646,257▼ $57,088
Cash and Non-Interest-Bearing Accounts$906,380$407,554▼ $498,826
Prepaid Expenses and Deferred Charges$143,708$113,432▼ $30,276
Intangible Assets$73,321$36,471▼ $36,850
Land, Buildings, and Equipment, Net$5,949$7,253▲ $1,304
Total Assets$5,100,898$4,865,778▼ $235,120
Liabilities
Deferred Revenue$1,794,051$1,114,188▼ $679,863
Accounts Payable and Accrued Expenses$34,754$54,956▲ $20,202
Total Liabilities$1,828,805$1,169,144▼ $659,661
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,272,093$3,696,634▲ $424,541
Total Net Assets Fund Balance$3,272,093$3,696,634▲ $424,541
Total Liabilities and Net Assets / Fund Balance$5,100,898$4,865,778▼ $235,120

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,253$26,763$34,016
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn BrehmExecutive DiFT$191,842$5,962$197,804
Dawn BrehmExecutive Director-$122,544$75,260$197,804
Lauren HarbertExecutive DiFT$143,106$4,293$147,399
Tim SosbeEditorial DiFT$127,826$9,576$137,402
Christine GaudetDirector ofFT$131,365$3,940$135,305
Nannette NolanMarketingFT$112,069$13,099$125,168

Board Members and Trustees

NameTitle
Greg AdamsonPresident
Amity CutaiaDirector
Brian GrovesDirector
Brittany PilcherDirector
Charlie KirkDirector
Hector BaezaDirector
Ian KellyDirector
Jim PageDirector
John SjovallDirector
Jon MurrayDirector
Kristy CallahanDirector
MICHELLE O'CONNORDirector
Mani ChidambaramDirector
Shaun McmahonDirector
Connie MurraySecretary
Jennifer BryanTreasurer
Jeffrey HartzlerVice Preside
Laura LastVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Certified Medical Representatives InBusiness Servic4423 PHEASANT RIDGE ROAD SUITE 100, Roanoke, VA 24014$154,200
Haunroth Media ConsultingConsultingW5215 SUNNY LANE, New Lisbon, WI 53950$143,508
Revenue and Support

Revenue Composition

Contributions and Grants
$331,027
Program Service Revenue
$3,327,981
Investment Income
$71,735
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$77,391

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,698,474
Revenue Not Reported on Financial Statements
$32,269
Revenue Not Reported on Form 990
$347,150
Total Revenue per Audited Statements
$4,045,624
Total Revenue per Form 990
$3,730,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,810,747
Salaries, Compensation, and Employee Benefits$842,605
Total Fundraising Expense$42,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,670,831--$1,670,831
Other Salaries and Wages$208,986$188,086$20,899$417,971
Current Officers, Directors, Trustees, and Key Employees$167,474$150,727$16,747$334,948
Fees for Services Management$46,260$107,940-$154,200
Information Technology-$144,778-$144,778
Fees for Services Other-$58,535-$58,535
Payroll Taxes$26,408$23,766$2,641$52,815
Office Expenses$47,029$5,563-$52,592
Depreciation Depletion-$40,424-$40,424
Fees for Service Investment Mgmnt Fees-$32,269-$32,269
Other Expenses$28,480$28,701-$28,480
Advertising$26,946--$26,946
Pension Plan Contributions$9,866$8,879$986$19,731
Other Employee Benefits$8,570$7,713$857$17,140
Fees for Services Accounting-$14,600-$14,600
Insurance-$14,237-$14,237
Travel-$3,965-$3,965
Fees for Services Legal-$3,055-$3,055
Occupancy-$896-$896
Total Functional Expenses$2,699,769$911,453$42,130$3,653,352

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,653,352
Expenses per Audited Statements$3,621,083
Total Expenses per Audited Statements$3,621,083
Expenses Not Reported on Financial Statements$32,269
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 2023.

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
President
Phone
8002742674
Signed
2024-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Adamson
Formed
2005
Legal Domicile
Va
Voting Board Members
18
Independent Board Members
18
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/PersonNm16BRITTANY PILCHER
IRS990/Form990PartVIISectionAGrp/PersonNm17JOHN SJOVALL
IRS990/Form990PartVIISectionAGrp/PersonNm18DAWN BREHM
IRS990/Form990PartVIISectionAGrp/PersonNm19LAUREN HARBERT
IRS990/Form990PartVIISectionAGrp/PersonNm20CHRISTINE GAUDET
IRS990/Form990PartVIISectionAGrp/PersonNm21NANNETTE NOLAN
IRS990/Form990PartVIISectionAGrp/PersonNm22TIM SOSBE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt21MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt22EDITORIAL DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02005
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IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-30936
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt04217760
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt018
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IRS990/IndoorTanningServicesInd0false
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IRS990/InformationTechnologyGrp/TotalAmt0144778
IRS990/InsuranceGrp/ManagementAndGeneralAmt014237
IRS990/InsuranceGrp/TotalAmt014237
IRS990/IntangibleAssetsGrp/BOYAmt073321
IRS990/IntangibleAssetsGrp/EOYAmt036471
IRS990/InvestmentIncomeGrp/ExclusionAmt0102671
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0102671
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt03654811
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IRS990/IRPDocumentW2GCnt00
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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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/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-30936
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0857
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08570
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017140
IRS990/OtherExpensesGrp/Desc0SEMINARS/WORKSHOPS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2GENERAL & ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3FOCUS PERIODICAL EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128701
IRS990/OtherExpensesGrp/ProgramServicesAmt0320682
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IRS990/OtherExpensesGrp/ProgramServicesAmt228480
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IRS990/OtherExpensesGrp/TotalAmt1215556
IRS990/OtherExpensesGrp/TotalAmt228701
IRS990/OtherExpensesGrp/TotalAmt328480
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0188086
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0986
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08879
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09866
IRS990/PensionPlanContributionsGrp/TotalAmt019731
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0113432
IRS990/PrincipalOfficerNm0GREG ADAMSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3511190
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
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01710385
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11047233
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2442273
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt364678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01710385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11047233
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2442273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt364678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt450730
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt050730
IRS990/ProgSrvcAccomActy2Grp/Desc0TRAINING WORKSHOPS - MEMBERS RECEIVE EDUCATION SKILLS DEVELOPMENT TRAINING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0320682
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0422273
IRS990/ProgSrvcAccomActy3Grp/Desc0PREFERRED INDUSTRY PARTNERSHIPS - RELATIONSHIPS TO PROMOTE THE ENHANCEMENT AND GROWTH OF LTEN AND ITS MEMBERS.

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