Civic Intelligence

Bay Area Bioscience Association

990 • Fiscal year 2015 • EIN 20-4115716

Jan 01, 2015 to Mar 04, 2015 • Filed on Sep 08, 2016

250 East Grand Ave No 26South San Franciso, CA 94080

(650) 871-3250

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

20th percentile

0.00x

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

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Net Margin

4th percentile

-32%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

97th percentile

$239,528

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2015

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

1st percentile

-59%

Faster revenue growth than 1% of similar nonprofits.

2015 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $1,901,223 (-100%) from 2014

Net Assets

Down

$0

Down $634,445 (-100%) from 2014

Liabilities

Down

$0

Down $1,266,778 (-100%) from 2014

Revenue

Down

$859,977

Down $1,254,572 (-59%) from 2014

Expenses

Down

$1,134,796

Down $1,620,914 (-59%) from 2014

Net Income

Up

-$274,819

Up $366,342 (+57%) from 2014

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $888,010Liabilities 2010: $973,706Net Assets 2010: -$85,6962010Assets 2011: $1,587,609Liabilities 2011: $1,224,175Net Assets 2011: $363,4342011Assets 2012: $2,047,026Liabilities 2012: $1,376,107Net Assets 2012: $670,9192012Assets 2013: $1,868,962Liabilities 2013: $606,811Net Assets 2013: $1,262,1512013Assets 2014: $1,901,223Liabilities 2014: $1,266,778Net Assets 2014: $634,4452014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,422,0892010Expenses 2011: $2,685,1792011Expenses 2012: $2,878,7432012Revenue 2013: $3,092,643Expenses 2013: $2,760,760Net Income 2013: $331,8832013Revenue 2014: $2,114,549Expenses 2014: $2,755,710Net Income 2014: -$641,1612014Revenue 2015: $859,977Expenses 2015: $1,134,796Net Income 2015: -$274,8192015

Highlighted filing

2015

Revenue$859,977
Expenses$1,134,796
Net Income-$274,819
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Mar 4, 2015
Signed
Sep 8, 2016
Return Version
2015v2.1
Gross Receipts
$861,894
Mission and Program Overview

Mission

Baybio is northern california's life science association. We support the regional bioscience community through advocacy, enterprise support, and enhancement of research collaboration. Our members include organizations engaged in, or supportive of, research, development and commercialization of life science technologies.

To support the bioscience community through advocacy, enterprise support & research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$799,269$0▼ $799,269
Accounts Receivable$460,797$0▼ $460,797
Cash and Non-Interest-Bearing Accounts$227,861$0▼ $227,861
Land, Buildings, and Equipment, Net$140,504$0▼ $140,504
Prepaid Expenses and Deferred Charges$112,621$0▼ $112,621
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,901,223$0▼ $1,901,223
Other Assets Total$160,171$0▼ $160,171
Liabilities
Deferred Revenue$891,590--
Accounts Payable and Accrued Expenses$375,188--
Total Liabilities$1,266,778$0▼ $1,266,778
Net Assets / Fund Balance
Unrestricted Net Assets$634,445$0▼ $634,445
Total Net Assets Fund Balance$634,445$0▼ $634,445
Total Liabilities and Net Assets / Fund Balance$1,901,223$0▼ $1,901,223
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gail MaderisPresident & CEOFT$138,802$74,378$213,180
Michael TsirulnikovChief Operating OfficerFT$73,535$6,705$80,240
Lori LindburgExecutive DirectorPT$8,826$44,572$53,398
Revenue and Support

Revenue Composition

Contributions and Grants
$313,823
Program Service Revenue
$547,655
Investment Income
$-1,501
Other Revenue
$0
All Other Contributions
$313,823
Change in Net Assets
$-274,819

Audited Revenue Reconciliation

Revenue per Audited Statements
$859,977
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$35,025
Total Revenue per Audited Statements
$895,002
Total Revenue per Form 990
$859,977
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$611,862
Salaries, Compensation, and Employee Benefits$512,289
Grants and Similar Amounts Paid$10,645
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$302,230
Fees for Services Legal---$102,003
Other Salaries and Wages---$99,013
Payroll Taxes---$47,569
Other Employee Benefits---$39,985
Pension Plan Contributions---$23,492
Fees for Services Other---$22,444
Office Expenses---$15,391
Other Expenses---$14,214
Information Technology---$13,744
Travel---$11,013
Grants to Domestic Orgs---$10,645
Depreciation Depletion---$8,650
Fees for Services Accounting---$6,005
All Other Expenses---$5,621
Occupancy---$4,451
Insurance---$3,608
Advertising---$1,548
Conferences and Meetings---$739
Total Functional Expenses$0$0$0$1,134,796

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,169,821
Expenses per Audited Statements$1,134,796
Total Expenses per Form 990$1,134,796
Expenses Not Reported on Form 990$35,025
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bay Area Bioscience CenterSouth San Francisco, CA501(c)(3)Support Entrepreneurships in Biotech$10,645
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11

In march 2015, bay area bioscience association (bba) merged with another organization to become the california life sciences association (clsa). Therefore, bba and its governing body no longer exist. This return has been reviewed by the president & ceo of clsa.

Form 990, Part VI, Section B, Line 12C

Reviewed conflict of interest policy at annual retreat in 2014 and prepared signature page. A conflict is defined when there is a transaction or relationship that may present a conflict between board of directors, officers or key employees to bay bio. Each conflict of interest shall be reviewed by disclosing the matter on an annual basis or as there is a potential conflict. The board of directors determines if an actual or potential conflict of interest exists and shall determine an appropriate remedy.

Form 990, Part VI, Section B, Line 15

Compensation is reviewed by survey and presented to the board for approval. Gail maderis and lori lindburg are compensated by bay area bioscience association, but have compensation allocated to bay area bioscience center because they split their work hours between the two entities.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available upon written request. The request may be approved or denied depending on the purpose of the request.

Filing and Contact Details

Filer

Filer Name
Bay Area Bioscience Association
EIN
20-4115716
Phone
6508713250
Address
250 EAST GRAND AVE NO 26, SOUTH SAN FRANCISO, CA 94080

Signing Officer

Name
Sara Radcliffe
Title
Officer
Phone
6508713250
Signed
2016-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Radcliffe
Formed
2006
Legal Domicile
CA
Voting Board Members
45
Independent Board Members
44
Employees
16
Volunteers
22

Preparer

Firm
Akt Llp
Address
5946 PRIESTLY DR STE 200, CARLSBAD, CA 92008
Preparer
Elsa a Romero
Phone
7604318440
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

On march 4, 2015, bay area bioscience association merged with california healthcare institute to form california life sciences association.

FORM 990, PART XI, LINE 9:

Net assets transferred to succeeding organization -246,391.

Financial Statement Notes

PART X, LINE 2:

Baybio follows accounting standards generally accepted in the united states of america related to the recognition of uncertain tax positions. Management has determined that baybio has no uncertain tax positions at march 4, 2015 and therefore no amounts have been accrued.

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IRS990/Form990PartVIISectionAGrp/PersonNm11FRANK RICE
IRS990/Form990PartVIISectionAGrp/PersonNm12GLEN SATO
IRS990/Form990PartVIISectionAGrp/PersonNm13GORDON DAVIDSON
IRS990/Form990PartVIISectionAGrp/PersonNm14GREGG ALTON
IRS990/Form990PartVIISectionAGrp/PersonNm15HAL VAN WART
IRS990/Form990PartVIISectionAGrp/PersonNm16HOWARD ROBIN
IRS990/Form990PartVIISectionAGrp/PersonNm17HOYOUNG HUH
IRS990/Form990PartVIISectionAGrp/PersonNm18JEFF PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm19JOHN NICOLS
IRS990/Form990PartVIISectionAGrp/PersonNm20KAREEM DOSSA
IRS990/Form990PartVIISectionAGrp/PersonNm21KEITH DONNERMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm22KIM POPOVITS
IRS990/Form990PartVIISectionAGrp/PersonNm23KRISTEN HEGE
IRS990/Form990PartVIISectionAGrp/PersonNm24LAURA BREGE
IRS990/Form990PartVIISectionAGrp/PersonNm25MICHAEL HOWALDT
IRS990/Form990PartVIISectionAGrp/PersonNm26MIKE ARBIGE
IRS990/Form990PartVIISectionAGrp/PersonNm27MIKE RAAB
IRS990/Form990PartVIISectionAGrp/PersonNm28PAUL HASTINGS
IRS990/Form990PartVIISectionAGrp/PersonNm29PAULETTE DEFALCO
IRS990/Form990PartVIISectionAGrp/PersonNm30PETER DALY
IRS990/Form990PartVIISectionAGrp/PersonNm31PHIL MOODY
IRS990/Form990PartVIISectionAGrp/PersonNm32SEAN MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm33STEPHEN THAU
IRS990/Form990PartVIISectionAGrp/PersonNm34STEVE ENGLE
IRS990/Form990PartVIISectionAGrp/PersonNm35STEVE RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm36TERRY HERMISTON
IRS990/Form990PartVIISectionAGrp/PersonNm37TERRY ROSEN
IRS990/Form990PartVIISectionAGrp/PersonNm38UNA RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm39VERA JANUSHKOWSKY
IRS990/Form990PartVIISectionAGrp/PersonNm40ARIF KHAKOO
IRS990/Form990PartVIISectionAGrp/PersonNm41ALAN MENDELSON
IRS990/Form990PartVIISectionAGrp/PersonNm42ANIL SINGHAL
IRS990/Form990PartVIISectionAGrp/PersonNm43ANNE-MARIE DULIEGE
IRS990/Form990PartVIISectionAGrp/PersonNm44ANTHONY STOLIS
IRS990/Form990PartVIISectionAGrp/PersonNm45LORI LINDBURG
IRS990/Form990PartVIISectionAGrp/PersonNm46MICHAEL TSIRULNIKOV
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
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