Civic Intelligence

Institute for Life Sciences Collaboration Inc

EIN 45-5595804 • 501(c)3 • Madison, CT

Profile

Inform, educate and involve the public and scientific, academic and medical/healthcare communities on and in proactive approaches to address the unmet needs for expertise, infrastructure and application that can enable researchers and practitioners from leading academic, scientific and medical/healthcare institutions to identify, advance and accelerate promising opportunities for life sciences discovery, development and application.

PO Box 1249Madison, CT 06443

www.ilscollaboration.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

20.42x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

45th percentile

-5.5%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$760

Down $44 (-5.5%) from 2023

Liabilities

Up

$15,518

Up $8,132 (+110%) from 2023

Net Assets

Down

-$14,758

Down $8,176 (-124%) from 2023

Revenue

Down

$0

Down $50 (-100%) from 2023

Expenses

Down

$8,176

Down $6,058 (-43%) from 2023

Net Income

Up

-$8,176

Up $6,008 (+42%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2012: $1Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $1Liabilities 2013: $02013Assets 2014: $1Liabilities 2014: $02014Assets 2015: $30,099Liabilities 2015: $0Net Assets 2015: $30,0992015Assets 2016: $9Liabilities 2016: $0Net Assets 2016: $92016Assets 2017: $7,040Liabilities 2017: $0Net Assets 2017: $7,0402017Assets 2018: $175Liabilities 2018: $0Net Assets 2018: $1752018Assets 2019: $91,084Liabilities 2019: $338Net Assets 2019: $90,7462019Assets 2020: $36,400Liabilities 2020: $434Net Assets 2020: $35,9662020Assets 2021: $8,610Liabilities 2021: $560Net Assets 2021: $8,0502021Assets 2022: $8,301Liabilities 2022: $698Net Assets 2022: $7,6032022Assets 2023: $804Liabilities 2023: $7,386Net Assets 2023: -$6,5822023Assets 2024: $760Liabilities 2024: $15,518Net Assets 2024: -$14,7582024

Highlighted filing

2024

Assets$760
Liabilities$15,518
Net Assets-$14,758

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50K-$100KRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $1Expenses 2013: $0Net Income 2013: $12013Revenue 2014: $1,000Expenses 2014: $2,605Net Income 2014: -$1,6052014Revenue 2015: $116,050Expenses 2015: $84,346Net Income 2015: $31,7042015Revenue 2016: $2,650Expenses 2016: $32,740Net Income 2016: -$30,0902016Revenue 2017: $10,000Expenses 2017: $7,519Net Income 2017: $2,4812017Revenue 2018: $750Expenses 2018: $1,514Net Income 2018: -$7642018Revenue 2019: $100,000Expenses 2019: $9,429Net Income 2019: $90,5712019Revenue 2020: $0Expenses 2020: $54,780Net Income 2020: -$54,7802020Revenue 2021: $0Expenses 2021: $27,916Net Income 2021: -$27,9162021Revenue 2022: $50,000Expenses 2022: $50,447Net Income 2022: -$4472022Revenue 2023: $50Expenses 2023: $14,234Net Income 2023: -$14,1842023Revenue 2024: $0Expenses 2024: $8,176Net Income 2024: -$8,1762024

Highlighted filing

2024

Revenue$0
Expenses$8,176
Net Income-$8,176

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.2
Gross Receipts
$0
Mission and Program Overview

Mission

Inform, educate and involve the public and scientific, academic and medical/healthcare communities on and in proactive approaches to address the unmet needs for expertise, infrastructure and application that can

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$804$760▼ $44
Rtn Earn Endowment Incm Other Fnds$-6,582$-14,758▼ $8,176
Total Assets$804$760▼ $44
Liabilities
Other Liabilities$7,386$15,518▲ $8,132
Total Liabilities$7,386$15,518▲ $8,132
Net Assets / Fund Balance
Total Net Assets Fund Balance$-6,582$-14,758▼ $8,176
Total Liabilities and Net Assets / Fund Balance$804$760▼ $44
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sheldon ZaslanskyChair
Richard FlathPresident/treasurer
Markus WarlitzCOO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,176
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,176
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$0$1,428$0$1,428
Office Expenses$0$1,359$0$1,359
Other Expenses$0$1,250$0$1,250
Conferences and Meetings$674$0$0$674
Fees for Services Other$500$0$0$500
Payments to Affiliates$0$60$0$60
Total Functional Expenses$1,174$7,002$0$8,176
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable - Flath & Associates$14,895
American Express Credit Card$623
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
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
No
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
Filing and Contact Details

Filer

Filer Name
Institute for Life Sciences Collaboration Inc
EIN
45-5595804
Phone
2036059503
Address
PO BOX 1249, MADISON, CT 06443

Signing Officer

Name
Richard C Flath
Title
President/treasurer
Phone
2036059503
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard C Flath
Formed
2012
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Richardson Steere and Associates CPAs
Address
300 Centerville Rd Summit West Suit, Warwick, RI 02886
Preparer
George W Steere Jr
Phone
4018290927
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Organizations process to review form 990. All board members receive a draft copy of the form 990 for their review priot to its submission to the irs.

Pt VI, Line 19

Governing documents disclosure explanation. All of the organizationss governing documents, conflict of interest policy, and form 990s may be requested via the company website.

Raw XML Appendix314 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/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-6582
IRS990/NetAssetsOrFundBalancesEOYAmt0-14758
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SUBCONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1PERMITS AND LICENSES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3DONATIONS
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IRS990/OtherExpensesGrp/TotalAmt1464
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION HOSTS EVENTS TO INFORM, EDUCATE AND INVOLVE THE PUBLIC AND SCIENTIFIC, ACADEMIC AND MEDICAL/HEALCARE COMMUNITIES ON AND IN PROACTIVE APPROACHES TO ADDRESS THE UNMET NEEDS FOR EXPERTISE, INFRASTRUCTURE AND APPLICATIONS THAT CAN ENABLE RESEARCHERS AND PRACTITIONERS FROM LEADING ACADEMIC, SCIENTIFIC AND MEDICAL/HEALTHCARE INSTITUTIONS TO IDENTIFY, ADVANCE AND ACCELERATE PROMISING OPPORTUNITIES FOR LIFE SCIENCES DISCOVERY, DEVELOPMENT AND APPLICATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS DISCLOSURE EXPLANATION. ALL OF THE ORGANIZATIONSS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990S MAY BE REQUESTED VIA THE COMPANY WEBSITE.
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-22
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ReturnHeader/Filer/USAddress/ZIPCd006443
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814562541
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Richardson Steere and Associates CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 Centerville Rd Summit West Suit
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Warwick
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002886
ReturnHeader/PreparerPersonGrp/PhoneNum04018290927
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0George W Steere Jr
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-07-17T10:13:53-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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