Civic Intelligence

Southeast Bio Inc

EIN 56-2140648 • 501(c)6 • Roswell, GA

Profile

To foster the growth of the life sciences industry in the southeastern united states by promoting entrepreneurship and bringing together the key stakeholders active in the development of the industry.

4651 Woodstock Road Suite 208-356Roswell, GA 30075

www.sebio.org

Siviq Scores

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

Liabilities / Assets

67th percentile

0.04x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

54th percentile

0.00x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

53rd percentile

2.3%

Higher net margin than 53% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

8th percentile

-87%

Faster asset growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

32nd percentile

-10%

Faster revenue growth than 32% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$30,201

Down $198,825 (-87%) from 2021

Liabilities

Down

$1,269

Down $206,402 (-99%) from 2021

Net Assets

Up

$28,932

Up $7,577 (+35%) from 2021

Revenue

Down

$336,424

Down $38,724 (-10%) from 2021

Expenses

Down

$328,847

Down $137,219 (-29%) from 2021

Net Income

Up

$7,577

Up $98,495 (+108%) from 2021

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $342,371Liabilities 2010: $13,140Net Assets 2010: $329,2312010Assets 2011: $368,377Liabilities 2011: $16,739Net Assets 2011: $351,6382011Assets 2012: $370,388Liabilities 2012: $10,838Net Assets 2012: $359,5502012Assets 2013: $363,083Liabilities 2013: $4,856Net Assets 2013: $358,2272013Assets 2014: $366,564Liabilities 2014: $1,397Net Assets 2014: $365,1672014Assets 2015: $310,996Liabilities 2015: $12,736Net Assets 2015: $298,2602015Assets 2016: $217,470Liabilities 2016: $1,765Net Assets 2016: $215,7052016Assets 2017: $246,667Liabilities 2017: $1,535Net Assets 2017: $245,1322017Assets 2018: $195,939Liabilities 2018: $3,070Net Assets 2018: $192,8692018Assets 2019: $142,576Liabilities 2019: $17,214Net Assets 2019: $125,3622019Assets 2020: $117,059Liabilities 2020: $4,786Net Assets 2020: $112,2732020Assets 2021: $229,026Liabilities 2021: $207,671Net Assets 2021: $21,3552021Assets 2022: $30,201Liabilities 2022: $1,269Net Assets 2022: $28,9322022

Highlighted filing

2022

Assets$30,201
Liabilities$1,269
Net Assets$28,932

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $360,7122010Expenses 2011: $387,6412011Expenses 2012: $362,0862012Revenue 2013: $345,971Expenses 2013: $347,294Net Income 2013: -$1,3232013Revenue 2014: $346,794Expenses 2014: $339,854Net Income 2014: $6,9402014Revenue 2015: $271,299Expenses 2015: $338,206Net Income 2015: -$66,9072015Revenue 2016: $189,617Expenses 2016: $272,172Net Income 2016: -$82,5552016Revenue 2017: $337,487Expenses 2017: $308,060Net Income 2017: $29,4272017Revenue 2018: $275,710Expenses 2018: $327,973Net Income 2018: -$52,2632018Revenue 2019: $280,850Expenses 2019: $348,357Net Income 2019: -$67,5072019Revenue 2020: $222,641Expenses 2020: $235,730Net Income 2020: -$13,0892020Revenue 2021: $375,148Expenses 2021: $466,066Net Income 2021: -$90,9182021Revenue 2022: $336,424Expenses 2022: $328,847Net Income 2022: $7,5772022

Highlighted filing

2022

Revenue$336,424
Expenses$328,847
Net Income$7,577

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$3.36$3.29$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.29$2.08$0.21$3.75$4.66$0.91
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.05$1.12$2.23$2.36$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.43$0.17$1.25$2.81$3.48$0.68
2018Detailed filing. Detailed filing data is available for this year.$1.96$0.03$1.93$2.76$3.28$0.52
2017Detailed filing. Detailed filing data is available for this year.$2.47$0.02$2.45$3.37$3.08$0.29
2016Detailed filing. Detailed filing data is available for this year.$2.17$0.02$2.16$1.90$2.72$0.83
2015Detailed filing. Detailed filing data is available for this year.$3.11$0.13$2.98$2.71$3.38$0.67
2014Detailed filing. Detailed filing data is available for this year.$3.67$0.01$3.65$3.47$3.40$0.07
2013Detailed filing. Detailed filing data is available for this year.$3.63$0.05$3.58$3.46$3.47$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.70$0.11$3.60$3.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$0.17$3.52$3.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.42$0.13$3.29$3.61
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$336,424
Mission and Program Overview

Mission

To foster the growth of the life sciences industry in the southeastern united states by promoting entrepreneurship and bringing together the key stakeholders active in the development of the industry.

The corporation is a nonprofit corporation and, as stated in its articles of incorporation, is organized: to operate as a trade or business association within the meaning of section 501(c)(6) of the internal revenue code of 1986 as amended, or any corresponding provision of succeeding law ("the code"), to promote the life sciences, cooperative research studies, the advancement and dissemination of scientific information of the life sciences, and the professional exchange among members of the life sciences community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$54,028$0▼ $54,028
Rtn Earn Endowment Incm Other Fnds$21,355$28,932▲ $7,577
Savings and Temporary Cash Investments$170,495$28,163▼ $142,332
Prepaid Expenses and Deferred Charges$4,503$2,038▼ $2,465
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$229,026$30,201▼ $198,825
Liabilities
Accounts Payable and Accrued Expenses$207,671$1,269▼ $206,402
Total Liabilities$207,671$1,269▼ $206,402
Net Assets / Fund Balance
Total Net Assets Fund Balance$21,355$28,932▲ $7,577
Total Liabilities and Net Assets / Fund Balance$229,026$30,201▼ $198,825

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,467$3,467
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lee BurnesCo-chair, Exec. Committee
Scott MccartyCo-chair, Exec. Committee
Abby TrotterDirector
Ali BehbahaniDirector
Amy SalzhauerDirector
Andrew KrouseDirector
Ashley HancockDirector
Brian AdamsDirector
Chris LyonsDirector
Chris WhiteDirector
Cliff MichaelsDirector
DAN O'KORNDirector
David DayDirector
David HartnettDirector
Donna EdmondsDirector
Fred KornahrensDirector
Gerry BrunkDirector
Grace PowersDirector
Hanna EilkenDirector
Hunter YoungDirector
JIM O'CONNELLDirector
Jeff McintyreDirector
Jesse GoodwinDirector
Joe Cook IiiDirector
Joe LeeDirector
John NewbyDirector
Karthik GopalakrishnanDirector
Kendyle WoodwardDirector
Kip RobertsDirector
Kristen WoodrumDirector
Laura GunterDirector
Lee HeronDirector
Maria ThackerDirector
Mark BaxterDirector
Mike DialDirector
Nancy BryanDirector
Paul GianneschiDirector
Rachel LaneDirector
Robert BensonDirector
Scott MccaigDirector
Sherry FarrugiaDirector
Todd ShererDirector
Tom CallawayDirector
Vivian DoellingDirector
Amy SturdivantExecutive Committee
Dave WhiteExecutive Committee
Erin FordExecutive Committee
Ibraheem BadejoExecutive Committee
Ken EhemanExecutive Committee
Kyp SirinakisExecutive Committee
Todd CreechExecutive Committee
Tom FagleyTreasurer, Exec. Committee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$335,624
Investment Income
$14
Other Revenue
$786
Change in Net Assets
$7,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$319,981
Salaries, Compensation, and Employee Benefits$8,866
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$254,642
Advertising---$26,716
Fees for Services Other---$14,089
Fees for Services Accounting---$11,171
Other Employee Benefits---$4,460
Office Expenses---$4,311
Other Salaries and Wages---$4,062
Fees for Services Legal---$604
Payroll Taxes---$344
Information Technology---$140
Other Expenses---$127
Interest---$58
Total Functional Expenses$0$0$0$328,847
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The organization has an executive committee which is comprised of 10 members and all members are on the board of directors, which is the governing body of the organization. Except as limited by the organizational by-laws, the executive committee has the authority to exercise all the powers and duties of the board of directors when the board of directors is not in session.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by an independent accounting firm. It is reviewed by the treasurer and co-board chairs of the organization before filing.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Southeast Life Sciences Inc
EIN
56-2140648
Phone
2024384960
Address
4651 WOODSTOCK ROAD SUITE 208-356, ROSWELL, GA 30075

Signing Officer

Name
Thomas Fagley
Title
Treasurer
Phone
2024384960
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Fagley
Formed
1999
Legal Domicile
Nc
Voting Board Members
52
Independent Board Members
52
Employees
1
Volunteers
52

Preparer

Firm
Cliftonlarsonallen Llp
Address
227 WEST TRADE STREET SUITE 800, CHARLOTTE, NC 28202
Preparer
John Norman
Phone
7049985200
Raw XML AppendixShowing 400 of 636 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/ActivityOrMissionDesc0THE CORPORATION IS A NONPROFIT CORPORATION AND, AS STATED IN ITS ARTICLES OF INCORPORATION, IS ORGANIZED: TO OPERATE AS A TRADE OR BUSINESS ASSOCIATION WITHIN THE MEANING OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED, OR ANY CORRESPONDING PROVISION OF SUCCEEDING LAW ("THE CODE"), TO PROMOTE THE LIFE SCIENCES, COOPERATIVE RESEARCH STUDIES, THE ADVANCEMENT AND DISSEMINATION OF SCIENTIFIC INFORMATION OF THE LIFE SCIENCES, AND THE PROFESSIONAL EXCHANGE AMONG MEMBERS OF THE LIFE SCIENCES COMMUNITY.
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IRS990/BooksInCareOfDetail/PhoneNum09192325918
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IRS990/Desc0INVESTOR FORUM: THE ORGANIZATION (SOUTHEAST LIFE SCIENCES) HOSTS A LIFE SCIENCE-FOCUSED INVESTOR CONFERENCE ONCE A YEAR. THE CONFERENCE ROTATES BETWEEN SOUTHEASTERN STATES EACH YEAR AND TYPICALLY DRAWS BETWEEN 200-400 ATTENDEES. THE OBJECTIVE OF THE CONFERENCE IS TO ENCOURAGE NETWORKING AMONG THE KEY MEMBERS OF THE SOUTHEAST'S LIFE SCIENCE BUSINESS COMMUNITY AND THOSE LOOKING TO DO BUSINESS IN THE REGION, IN AN EFFORT TO SUPPORT EMERGING SOUTHEAST-BASED COMPANIES. ATTENDEES TYPICALLY INCLUDE VENTURE CAPITALISTS, ANGEL INVESTORS, BIOTECHNOLOGY AND MEDICAL TECHNOLOGY EXECUTIVES, ENTREPRENEURS, UNIVERSITY REPRESENTATIVES AND OTHER INDUSTRY PROFESSIONALS. A PRIMARY AND IMMEDIATE GOAL OF THE CONFERENCE IS TO SHOWCASE EARLY-STAGE LIFE SCIENCE COMPANIES TO INVESTORS AND (CONTINUED ON SCHEDULE O) (CONT'D) CORPORATE PARTNERS WHO MAY BE INTERESTED IN FUNDING THEIR NEXT PHASE OF DEVELOPMENT. SINCE THE INVESTOR FORUM BEGAN IN 1999, OVER 700 COMPANIES HAVE PRESENTED AT SEBIO AND SEMDA (THE TWO ORGANIZATIONS THAT MERGED TO FORM SOUTHEAST LIFE SCIENCES). IN ADDITION, THE CONFERENCE OFFERS MULTIPLE EDUCATIONAL SESSIONS RELEVANT TO EMERGING LIFE SCIENCE COMPANIES. A LONG-TERM GOAL OF THE CONFERENCE IS TO STRENGTHEN AND GROW THE REGIONAL LIFE SCIENCE INDUSTRY BY ENCOURAGING INVESTMENT IN AND PARTNERSHIPS WITH SOUTHEAST-BASED COMPANIES.
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IRS990/Form990PartVIISectionAGrp/PersonNm25JESSE GOODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm26KARTHIK GOPALAKRISHNAN
IRS990/Form990PartVIISectionAGrp/PersonNm27LAURA GUNTER
IRS990/Form990PartVIISectionAGrp/PersonNm28ASHLEY HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm29DAVID HARTNETT
IRS990/Form990PartVIISectionAGrp/PersonNm30LEE HERON
IRS990/Form990PartVIISectionAGrp/PersonNm31FRED KORNAHRENS
IRS990/Form990PartVIISectionAGrp/PersonNm32ANDREW KROUSE
IRS990/Form990PartVIISectionAGrp/PersonNm33RACHEL LANE
IRS990/Form990PartVIISectionAGrp/PersonNm34JOE LEE
IRS990/Form990PartVIISectionAGrp/PersonNm35CHRIS LYONS
IRS990/Form990PartVIISectionAGrp/PersonNm36SCOTT MCCAIG
IRS990/Form990PartVIISectionAGrp/PersonNm37JEFF MCINTYRE
IRS990/Form990PartVIISectionAGrp/PersonNm38CLIFF MICHAELS
IRS990/Form990PartVIISectionAGrp/PersonNm39JOHN NEWBY
IRS990/Form990PartVIISectionAGrp/PersonNm40JIM O'CONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm41DAN O'KORN
IRS990/Form990PartVIISectionAGrp/PersonNm42GRACE POWERS
IRS990/Form990PartVIISectionAGrp/PersonNm43KIP ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm44AMY SALZHAUER
IRS990/Form990PartVIISectionAGrp/PersonNm45TODD SHERER
IRS990/Form990PartVIISectionAGrp/PersonNm46MARIA THACKER
IRS990/Form990PartVIISectionAGrp/PersonNm47ABBY TROTTER
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IRS990/Form990PartVIISectionAGrp/PersonNm49KRISTEN WOODRUM
IRS990/Form990PartVIISectionAGrp/PersonNm50KENDYLE WOODWARD
IRS990/Form990PartVIISectionAGrp/PersonNm51HUNTER YOUNG
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt460
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt500
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-CHAIR, EXEC. COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CO-CHAIR, EXEC. COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER, EXEC. COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR

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