Clinical And Laboratory Standards Institute
- Assets
- $16.9m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 34
- Location
- Malvern, PA
- Founding
- 05/1971
- Data as of
- 06/2021
- EIN
- 23-7089361
Organization Overview
Clinical And Laboratory Standards Institute is located in Malvern, PA. The organization was established in 1971. 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 06/2021, Clinical And Laboratory Standards Institute employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinical And Laboratory Standards Institute 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 06/2021, Clinical And Laboratory Standards Institute generated $9.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $7.1m during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP CLINICAL AND LABORATORY PRACTICES AND PROMOTE THEIR USE WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Fine CEO And Board Member | OfficerTrustee | 40 | $502,190 |
Patrick Mcginn VP Marketing & Membership | Officer | 40 | $199,345 |
Jennifer Adams VP Standards & Quality | Officer | 40 | $193,133 |
Patrick Mateta VP Global Health Partnersh | Officer | 40 | $178,080 |
Cecilia Porto Vp, Finance And Accounting | 40 | $131,939 | |
Mary Ochs Product Development Manage | 40 | $123,001 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,210,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,235,915 |
| Total Program Service Revenue | $3,382,579 |
| Investment income | $179,536 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $217,328 |
| Net Rental Income | $805 |
| Net Gain/Loss on Asset Sales | $243,706 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,717,186 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,183,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,508,413 |
| Compensation of current officers, directors, key employees. | $1,508,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,354,499 |
| Pension plan accruals and contributions | $110,120 |
| Other employee benefits | $325,685 |
| Payroll taxes | $262,528 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,966 |
| Fees for services: Accounting | $25,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $687,947 |
| Advertising and promotion | $256,240 |
| Office expenses | $460,295 |
| Information technology | $519,428 |
| Royalties | $0 |
| Occupancy | $52,459 |
| Travel | $391,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,224 |
| Insurance | $32,877 |
| All other expenses | $0 |
| Total functional expenses | $7,120,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23 |
| Savings and temporary cash investments | $1,872,952 |
| Pledges and grants receivable | $482,720 |
| Accounts receivable, net | $268,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,438 |
| Prepaid expenses and deferred charges | $244,308 |
| Net Land, buildings, and equipment | $186 |
| Investments—publicly traded securities | $13,944,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $75,001 |
| Other assets | $0 |
| Total assets | $16,915,959 |
| Accounts payable and accrued expenses | $1,157,127 |
| Grants payable | $0 |
| Deferred revenue | $2,055,091 |
| 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 | $3,212,218 |
| Net assets without donor restrictions | $13,703,741 |
| 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 | $16,915,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital & Healthsystem Association Of Pennsylvania Inc Harrisburg, PA | $39,402,736 | $15,435,491 |
Plasma Protein Therapeutics Association Annapolis, MD | $7,828,244 | $13,003,501 |
American Podiatric Medical Assoc Bethesda, MD | $21,176,179 | $13,540,711 |
New Jersey Hospital Association Princeton, NJ | $139,216,001 | $6,079,898 |
Maryland Hospital Association Incorporated Elkridge, MD | $38,009,436 | $21,113,999 |
Parenteral Drug Association Inc Bethesda, MD | $14,078,226 | $8,044,773 |
National Church Residences Columbus, OH | $6,772,830 | $11,332,666 |
Pennsylvania Medical Society Mechanicsburg, PA | $213,365,446 | $23,943,781 |
Greater Dayton Area Hospital Assoc Dayton, OH | $5,189,718 | $9,300,133 |
Rtog Foundation Inc Philadelphia, PA | $10,342,373 | $6,561,535 |
Clinical And Laboratory Standards Institute Malvern, PA | $16,915,959 | $9,183,918 |
National Minority Health Association Owings Mills, MD | $1,141,294 | $7,237,728 |