Civic Intelligence

Southeast Life Sciences Inc

990 • Fiscal year 2013 • EIN 56-2140648

Jan 01, 2013 to Dec 31, 2013 • Filed on May 12, 2014

4130 Parklake AvenueRoswell, GA 27612

(919) 981-2966

Siviq Scores

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

Liabilities / Assets

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Net Margin

41st percentile

-0.4%

Higher net margin than 41% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Top Officer Pay

90th percentile

$62,002

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2013 filings • 501(c)6 • <$500k nonprofits • Source year 2013

Asset Growth

39th percentile

-2.0%

Faster asset growth than 39% of similar nonprofits.

2013 filings • 501(c)6 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$363,083

Down $7,305 (-2.0%) from 2012

Net Assets

Down

$358,227

Down $1,323 (-0.4%) from 2012

Liabilities

Down

$4,856

Down $5,982 (-55%) from 2012

Revenue

$345,971

No earlier filing loaded for comparison.

Expenses

Down

$347,294

Down $14,792 (-4.1%) from 2012

Net Income

-$1,323

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2013

Assets$363,083
Liabilities$4,856
Net Assets$358,227

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$345,971
Expenses$347,294
Net Income-$1,323
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 12, 2014
Return Version
2013v3.1
Gross Receipts
$345,971
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$359,550$358,227▼ $1,323
Savings and Temporary Cash Investments$214,482$214,782▲ $300
Accounts Receivable$145,437$147,790▲ $2,353
Prepaid Expenses and Deferred Charges$10,000--
Land, Buildings, and Equipment, Net$470$511▲ $41
Cash and Non-Interest-Bearing Accounts$-1--
Total Assets$370,388$363,083▼ $7,305
Liabilities
Accounts Payable and Accrued Expenses$10,838$4,856▼ $5,982
Total Liabilities$10,838$4,856▼ $5,982
Net Assets / Fund Balance
Total Net Assets Fund Balance$359,550$358,227▼ $1,323
Total Liabilities and Net Assets / Fund Balance$370,388$363,083▼ $7,305

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$511$2,956$3,467
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer ShererExecutive DiFT$59,412$2,590$62,002
Jennifer ShererExecutive Director-$49,412$12,590$62,002
Suzanne CantandoExecutive DiFT$30,000$960$30,960

Board Members and Trustees

NameTitle
Becky KaufmanChair
Sue WasherVice-chair &
Abby TrotterDirector
Bill WoffordDirector
Charles CraigDirector
Dan MyersDirector
Ford WorthyDirector
Garheng KongDirector
Gerry BrunkDirector
Greg AnglumDirector
Jeff GallagherDirector
Kathy NugentDirector
Ken TindallDirector
Larry RobbinsDirector
Les CrolandDirector
Mark AugustiDirector
Matt RiekeDirector
Miriam WilsonDirector
Philip StreetDirector
Richard KentDirector
Rose RittsDirector
Russell AllenDirector
Sam TaylorDirector
Seth RudnickDirector
Steve HallDirector
Susan CaseyDirector
Susan ShowsDirector
Todd ShererDirector
Tom CallawayDirector
W Mark CrowellDirector
Wayne RoperDirector
Will BrookeDirector
Aaron DavidsonExecutive Co
Brian AdamsExecutive Co
David DayExecutive Co
David WinwordExecutive Co
Doug ReedExecutive Co
Edward MathersExecutive Co
Frank HuntExecutive Co
Kathryne CarrExecutive Co
Mike GutchExecutive Co
Tim GuptonExecutive Co
Tina MckeonExecutive Co
Mark BaxterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$345,925
Investment Income
$46
Other Revenue
$0
Change in Net Assets
$-1,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,494
Salaries, Compensation, and Employee Benefits$90,800
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$192,338
Current Officers, Directors, Trustees, and Key Employees---$79,412
Fees for Services Other---$22,210
Travel---$11,178
Grants to Domestic Orgs---$10,000
Payroll Taxes---$7,838
Fees for Services Accounting---$7,428
Office Expenses---$4,639
Other Employee Benefits---$3,550
Advertising---$1,578
Information Technology---$1,111
Depreciation Depletion---$705
Other Expenses---$660
All Other Expenses---$473
Total Functional Expenses$0$0$0$347,294
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
46-1810670--Prize for Milestone$10,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Part VSee Part VNo$15,000
-See Part VSee Part VNo$15,000
-See Part VSee Part VNo$12,500
-See Part VSee Part VNo$10,000
-See Part VSee Part VNo$10,000
-See Part VSee Part VNo$10,000
-See Part VSee Part VNo$10,000
-See Part VSee Part VNo$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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
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, Page 6, Part VI

Form 990, part vi, section a, line 1: the organization has an executive committee which is comprised of 15 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 a, line 9: mailing address for officers and directors all officers and directors can be reached at the following address, in addition to the organization's mailing address on page 1 of the form 990: 10417 whitestone road, raleigh, nc 27615

Form 990, Page 6, Part VI, Line 2

Todd sherer jennifer sherer director fmr exec dir spouse

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the treasurer and executive director of the organization before filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

EIN
56-2140648
Phone
9199812966

Signing Officer

Name
Mark R Baxter
Title
Treasurer
Phone
9199812966
Signed
2014-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Cantando
Formed
1999
Legal Domicile
Nc
Voting Board Members
46
Independent Board Members
33
Employees
2
Volunteers
100

Preparer

Preparer
Ed Martin
Phone
9197813581
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Investor forum (cont'd): a primary and immediate goal of the conference is to showcase early-stage life science companies to investors and corporate partners who may be interested in funding their next phase of development. Since the investor forum began in 1999, over 190 companies have presented at sebio and 150 have participated in the early/stage program, which provides companies with onsite mentoring from expert advisory panels. Past presenting companies have gone on to raise more than 2.5 billion in public and private fundings since their presentations at the investor forum. 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.

Form 990, Page 2, Part III, Line 4B

Bio/plan competition (cont'd): the mentoring teams are made up of 3-4 professionals from active venture funds or angel groups, experienced life science entrepreneurs and managers, and service providers with relevant start-up expertise. Four finalists are selected to present their opportunities at the annual sebio investor forum (described above) and one winner is selected. Each finalist is awarded 2-3 private meetings (travel support included) with regional and national investors to further promote their opportunity or a trip to the sebio investor forum the following year. As of 2013, 56 technology opportunities and their associated principals have received mentoring through the bio/plan program.

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IRS990/Desc0INVESTOR FORUM: THE ORGANIZATION (SEBIO) HOSTS A LIFE SCIENCE-FOCUSED INVESTOR CONFERENCE ONCE A YEAR. THE CONFERENCE ROTATES BETWEEN SOUTHEASTERN STATES EACH YEAR AND TYPICALLY DRAWS BETWEEN 300-400 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 COPMANIES. ATTENDEES TYPICALLY INCLUDE VENTURE CAPITALISTS, ANGEL INVESTORS, BIOTECHNOLOGY AND MEDICAL TECHNOLOGY EXECUTIVES, ENTREPRENEURS, UNIVERSITY REPRESENTATIVES AND OTHER INDUSTRY PROFESSIONALS. (CONTINUED ON SCHEDULE O.) INVESTOR FORUM (CONT'D): A PRIMARY AND IMMEDIATE GOAL OF THE CONFERENCE IS TO SHOWCASE EARLY-STAGE LIFE SCIENCE COMPANIES TO INVESTORS AND CORPORATE PARTNERS WHO MAY BE INTERESTED IN FUNDING THEIR NEXT PHASE OF DEVELOPMENT. SINCE THE INVESTOR FORUM BEGAN IN 1999, OVER 190 COMPANIES HAVE PRESENTED AT SEBIO AND 150 HAVE PARTICIPATED IN THE EARLY/STAGE PROGRAM, WHICH PROVIDES COMPANIES WITH ONSITE MENTORING FROM EXPERT ADVISORY PANELS. PAST PRESENTING COMPANIES HAVE GONE ON TO RAISE MORE THAN 2.5 BILLION IN PUBLIC AND PRIVATE FUNDINGS SINCE THEIR PRESENTATIONS AT THE INVESTOR FORUM. 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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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