Civic Intelligence

Association of Bioscience Financial Officers

EIN 94-3187188 • 501(c)6 • Belmont, CA

Profile

To provide a forum for the exchange of information and ideas on financial and business issues relevant to the bioscience industry. To foster a strong affiliation between senior financial executives through a variety of events.

22 Korbel WayBelmont, CA 94002

www.norcalabfo.org

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

86th percentile

23%

Higher net margin than 86% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

91st percentile

39%

Faster asset growth than 91% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-15%

Faster revenue growth than 12% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$535,284

Up $151,044 (+39%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$535,284

Up $151,044 (+39%) from 2023

Operations
Liabilities / Revenue26th percentileNet Margin86th percentile

Revenue

Down

$644,620

Down $117,486 (-15%) from 2023

Expenses

Down

$493,576

Down $175,027 (-26%) from 2023

Net Income

Up

$151,044

Up $57,541 (+62%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

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

$600K$400K$200K$0Assets 2015: $156,918Liabilities 2015: $0Net Assets 2015: $156,9182015Assets 2016: $181,685Liabilities 2016: $0Net Assets 2016: $181,6852016Assets 2017: $174,627Liabilities 2017: $13,820Net Assets 2017: $160,8072017Assets 2018: $207,090Liabilities 2018: $4,048Net Assets 2018: $203,0422018Assets 2019: $183,571Liabilities 2019: $3,388Net Assets 2019: $180,1832019Assets 2020: $221,211Liabilities 2020: $3,388Net Assets 2020: $217,8232020Assets 2021: $216,841Liabilities 2021: $3,388Net Assets 2021: $213,4532021Assets 2022: $294,125Liabilities 2022: $3,388Net Assets 2022: $290,7372022Assets 2023: $384,240Liabilities 2023: $0Net Assets 2023: $384,2402023Assets 2024: $535,284Liabilities 2024: $0Net Assets 2024: $535,2842024

Highlighted filing

2024

Assets$535,284
Liabilities$0
Net Assets$535,284
Open 2024 Filing

Operations Trend

Revenue Growth12th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $360,756Expenses 2015: $387,494Net Income 2015: -$26,7382015Revenue 2016: $446,520Expenses 2016: $421,753Net Income 2016: $24,7672016Revenue 2017: $378,688Expenses 2017: $399,566Net Income 2017: -$20,8782017Revenue 2018: $481,177Expenses 2018: $438,881Net Income 2018: $42,2962018Revenue 2019: $420,605Expenses 2019: $443,464Net Income 2019: -$22,8592019Revenue 2020: $155,071Expenses 2020: $117,431Net Income 2020: $37,6402020Revenue 2021: $49,265Expenses 2021: $53,635Net Income 2021: -$4,3702021Revenue 2022: $395,364Expenses 2022: $318,080Net Income 2022: $77,2842022Revenue 2023: $762,106Expenses 2023: $668,603Net Income 2023: $93,5032023Revenue 2024: $644,620Expenses 2024: $493,576Net Income 2024: $151,0442024

Highlighted filing

2024

Revenue$644,620
Expenses$493,576
Net Income$151,044
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$535,284
Liabilities
$0
Net assets
$535,284
Revenue
$644,620
Expenses
$493,576
Net income
$151,044
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.35$0.00$5.35$6.45$4.94$1.51
2023Detailed filing. Detailed filing data is available for this year.$3.84$0.00$3.84$7.62$6.69$0.94
2022Detailed filing. Detailed filing data is available for this year.$2.94$0.03$2.91$3.95$3.18$0.77
2021Detailed filing. Detailed filing data is available for this year.$2.17$0.03$2.13$0.49$0.54$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.21$0.03$2.18$1.55$1.17$0.38
2019Summary only. Only limited summary data is available for this year.$1.84$0.03$1.80$4.21$4.43$0.23
2018Summary only. Only limited summary data is available for this year.$2.07$0.04$2.03$4.81$4.39$0.42
2017Summary only. Only limited summary data is available for this year.$1.75$0.14$1.61$3.79$4.00$0.21
2016Summary only. Only limited summary data is available for this year.$1.82$0.00$1.82$4.47$4.22$0.25
2015Summary only. Only limited summary data is available for this year.$1.57$0.00$1.57$3.61$3.87$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 14, 2025
Return Version
2024v5.0
Gross Receipts
$644,620
Mission and Program Overview

Mission

To provide a forum for the exchange of information and ideas on financial and business issues relevant to the bioscience industry. To foster a strong affiliation between senior financial executives through a variety of events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$384,240$535,284▲ $151,044
Cash and Non-Interest-Bearing Accounts$339,310$490,347▲ $151,037
Savings and Temporary Cash Investments$44,925$44,932▲ $7
Accounts Receivable$5$5→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$384,240$535,284▲ $151,044
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$384,240$535,284▲ $151,044
Total Liabilities and Net Assets / Fund Balance$384,240$535,284▲ $151,044
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Hector CasabDirector, Chair, President, Secretary
Amy BachrodtDirector
David TuckerDirector
Herb CrossDirector
Joy BerberichDirector
Marc BelskyDirector
Martyn WebsterDirector
Olivia BloomDirector
Tammy CameronDirector
Stephanie WongDirector, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$69,651
Program Service Revenue
$574,962
Investment Income
$7
Other Revenue
$0
All Other Contributions
$9,698
Change in Net Assets
$151,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$493,576
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
Conferences and Meetings---$493,576
Total Functional Expenses$0$0$0$493,576
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization is organized as a nonprofit association with members.”

Form 990, Part VI, Section A, Line 7A

“The organization has one class of members who each hold one voting right.”

Form 990, Part VI, Section A, Line 7B

“The members have the right to vote on a merger or dissolution of the organization, or on changes to the Articles of Incorporation or Bylaws.”

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

“The Form 990 is completed by the Treasurer and distributed to the President and at least one other member of the Board of Directors, both of whom have a financial background. Any comments or changes are considered and incorporated, as appropriate.”

Form 990, Part VI, Section C, Line 19

“The organization makes the related documents available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Association of Bioscience Financial Officers
EIN
94-3187188
Phone
6508701063
Address
22 Korbel Way, Belmont, CA 94002

Signing Officer

Name
Eldar Bolsakov
Title
Treasurer
Phone
6508701063
Signed
2025-10-14

Organization Details

Principal Officer
Hector Casab
Formed
1993
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Hector Casab
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Held the organizations annual technical session. The session included both an industry-related panel of subject-matter experts and a technical accounting update by a Big 4 CPA firm.
IRS990/ProgSrvcAccomActy3Grp/Desc0Held monthly breakfast meeting during the year and one dinner meeting. During these meetings, the attendees discuss and exchange ideas and information on relevant issues to the bioscience industry.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Held monthly meetings with members on key accounting and CFO topics as well as networking sessions monthly throughout the year.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt063445
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0668603
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0698659
IRS990/PYRevenuesLessExpensesAmt093503
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0668603
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0762106
IRS990/ReconcilationRevenueExpnssAmt0151044
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0574962
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0384240
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0535284
IRS990/SavingsAndTempCashInvstGrp/BOYAmt044925
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044932
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization is organized as a nonprofit association with members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has one class of members who each hold one voting right.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members have the right to vote on a merger or dissolution of the organization, or on changes to the Articles of Incorporation or Bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is completed by the Treasurer and distributed to the President and at least one other member of the Board of Directors, both of whom have a financial background. Any comments or changes are considered and incorporated, as appropriate.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes the related documents available to the public upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0384240
IRS990/TotalAssetsEOYAmt0535284
IRS990/TotalAssetsGrp/BOYAmt0384240
IRS990/TotalAssetsGrp/EOYAmt0535284
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt069651
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0493576
IRS990/TotalGrossUBIAmt0337500
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0384240
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0535284
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0237462
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0574962
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt0337500
IRS990/TotalProgramServiceExpensesAmt0450016
IRS990/TotalProgramServiceRevenueAmt0574962
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0237469
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0644620
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0337500
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0384240
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0535284
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt022 Korbel Way
IRS990/USAddress/CityNm0Belmont
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094002
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.norcalabfo.org
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0The organization respectfully requests abatement of late-filing penalties assessed for Form 990 for the tax year listed above. The failure to file the return on time was due to reasonable cause and not due to willful neglect. During the filing period, the organization experienced circumstances beyond its control that prevented timely filing. Specifically, the organization experienced unexpected staff turnover and a transition in personnel responsible for financial reporting, which resulted in delays in gathering the information necessary to complete the return. As a result, the organization was unable to complete and submit Form 990 by the required due date despite exercising ordinary business care and prudence. Once the issue was identified and resolved, the organization took immediate steps to complete the return and file it as soon as reasonably possible. The organization has since reviewed its internal processes and implemented measures to prevent similar delays in the future. The organization has a history of compliance with its federal filing requirements and did not intentionally disregard its obligation to file Form 990 in a timely manner. Based on the facts described above, the organization believes it meets the standard for reasonable cause under Internal Revenue Code §6652(c) and respectfully requests that any late-filing penalties be waived.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Eldar Bolsakov
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06508701063

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