Life Sciences Trainers & Educators
- Assets
- $5.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 4
- Location
- Roanoke, VA
- Founding
- 09/2006
- Data as of
- 12/2021
- EIN
- 20-3641423
Organization Overview
Life Sciences Trainers & Educators is located in Roanoke, VA. The organization was established in 2006. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2021, Life Sciences Trainers & Educators employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Sciences Trainers & Educators is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Life Sciences Trainers & Educators generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE PROFESSIONAL TRAINING IN THE LIFE SCIENCE INDUSTRY.
Describe the Organization's Program Activity:
ANNUAL CONFERENCE - AN EDUCATIONAL PROGRAM FOR THE GENERAL MEMBERSHIP FROM PHARMACEUTICAL, BIOTECH, MEDICAL DEVICE AND DIAGNOSTIC INDUSTRIES.
TRAINING WORKSHOPS - MEMBERS RECEIVE EDUCATION SKILLS DEVELOPMENT TRAINING.
PREFERRED INDUSTRY PARTNERSHIPS - RELATIONSHIPS TO PROMOTE THE ENHANCEMENT AND GROWTH OF LTEN AND ITS MEMBERS.
FOCUS PERIODICALS, JOB POSTINGS AND WEBSITE LISTINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Brehm Executive Di | Officer | 40 | $252,726 |
Christine Gaudet Director Of | 40 | $121,722 | |
Tim Sosbe Editorial Di | 40 | $119,985 | |
Nannette Nolan Marketing | 40 | $103,208 | |
Richard Sampson President | OfficerTrustee | 0.5 | $0 |
Ashley Bentley Vice Preside | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Confluence Global It Consulting | 12/30/20 | $186,260 |
Certified Medical Representatives In Business Servic | 12/30/20 | $164,060 |
Haunroth Media Consulting Consulting | 12/30/20 | $123,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $268,060 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,060 |
| Total Program Service Revenue | $2,041,810 |
| Investment income | $73,871 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,590,062 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $252,726 |
| Compensation of current officers, directors, key employees. | $113,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,181 |
| Pension plan accruals and contributions | $44,793 |
| Other employee benefits | $17,484 |
| Payroll taxes | $39,599 |
| Fees for services: Management | $163,560 |
| Fees for services: Legal | $2,086 |
| Fees for services: Accounting | $14,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,104 |
| Fees for services: Other | $42,361 |
| Advertising and promotion | $31,962 |
| Office expenses | $42,291 |
| Information technology | $146,218 |
| Royalties | $0 |
| Occupancy | $816 |
| Travel | $28 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,105,425 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,905 |
| Insurance | $12,246 |
| All other expenses | $0 |
| Total functional expenses | $2,732,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,039,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575,353 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,101 |
| Net Land, buildings, and equipment | $6,540 |
| Investments—publicly traded securities | $3,698,477 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $110,171 |
| Other assets | $0 |
| Total assets | $5,475,280 |
| Accounts payable and accrued expenses | $647,146 |
| Grants payable | $0 |
| Deferred revenue | $931,451 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,578,597 |
| Net assets without donor restrictions | $3,896,683 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,475,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drug Information Association Inc Washington, DC | $19,738,468 | $18,905,794 |
Community Health Accreditation Program Inc Arlington, VA | $22,682,316 | $18,320,268 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
Tennessee Hospital Association Brentwood, TN | $59,191,608 | $16,937,384 |
Association Of Womens Health Obstetric And Neonatal Nurses Washington, DC | $13,892,759 | $13,409,366 |
Maryland Hospital Association Incorporated Elkridge, MD | $38,009,436 | $21,113,999 |
American Health Law Association Washington, DC | $23,085,368 | $9,214,718 |
Parenteral Drug Association Inc Bethesda, MD | $14,078,226 | $8,044,773 |
National Pharmaceutical Council Inc Washington, DC | $24,620,287 | $8,284,643 |
National Association Of Childrens Hospitals Inc Washington, DC | $18,366,386 | $8,000,690 |
National Association For Home Care Washington, DC | $12,583,003 | $7,979,825 |