2024-11-14T19:55:40-06:00 2023-12-31 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2023-01-01 911453398 LIFE SCIENCE WASHINGTON LIFE 2064569567 188 EAST BLAINE STREET 150 SEATTLE WA 98102 MARC CUMMINGS PRESIDENT & CHIEF EXECUTIVE OFFICER 2064569567 2024-11-11 1 0 MEGAN R RYAN P00737884 4254544919 2024-11-11 2023 2024-10-15 13:58:12Z MARC CUMMINGS 188 EAST BLAINE STREET 150 SEATTLE WA 98102 3419352 0 X WWW.LIFESCIENCEWA.ORG X 1990 WA STIMULATING LIFE SCIENCE INNOVATION, JOB CREATION AND ECOSYSTEM VIBRANCY ACROSS WASHINGTON STATE THROUGH ENGAGEMENT, COLLABORATION, PROMOTION, AND ADVOCACY. 45 44 11 55 0 0 240800 410021 1692368 1845080 455 62070 981225 1102181 2914848 3419352 50000 85000 0 0 1356592 1696988 0 0 0 1172911 1414363 2579503 3196351 335345 223001 4067495 4648110 2882258 3239872 1185237 1408238 X LIFE SCIENCE WASHINGTON IS A NON-PROFIT TRADE AND PROFESSIONAL ASSOCIATION DEDICATED TO PROMOTING INNOVATION AND RESPONSIBLE GROWTH IN THE LIFE SCIENCES AND BIOMEDICAL INDUSTRIES IN THE STATE OF WASHINGTON. PROMOTION AND EDUCATION ARE PRIMARILY IN THE FORM OF NEWSLETTERS, SPECIAL EVENTS, AND LOBBYING. 0 0 LIFE SCIENCE WASHINGTON HOSTS ANNUAL MEETINGS FOR BOTH MEMBERS AND NON-MEMBERS IN FIELDS RELATED TO LIFE SCIENCES. THE ASSOCIATION PROMOTES CONTINUAL GROWTH BY HOSTING NETWORKING AND PROFESSIONAL DEVELOPMENT EVENTS. LIFE SCIENCE WASHINGTON SPONSORS COMMUNITY EDUCATION AND PROMOTIONAL EVENTS AIMED AT ENCOURAGING INNOVATION AND RESPONSIBLE GROWTH IN THE AREA OF LIFE SCIENCES. THE ASSOCIATION PUBLISHES AN ANNUAL MEMBERSHIP ONLINE DIRECTORY WITH INDUSTRY PROFILES ALLOWING USERS WITHIN RELATED FIELDS TO CONNECT AND WORK TOGETHER WHILE STRIVING TOWARD COMMON GOALS. THE PURPOSE OF THE TALENT AND WORKFORCE STRATEGIC INITIATIVE IS TO ENSURE WASHINGTON LIFE SCIENCE COMPANIES HAVE ACCESS TO THE TALENT/WORKFORCE REQUIRED TO GROW LOCALLY. 0 1 1 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 4 0 11 1 0 0 0 0 1 1 0 0 0 X 45 44 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 0 0 X KATHLEEN POSTON 2064569564 188 EAST BLAINE STREET 150 SEATTLE WA 98102 MARC CUMMINGS PRESIDENT & CEO/SECRETARY 48.00 2.00 X X 414124 0 20085 RICHARD FABIAN CHAIR 1.00 0.00 X X 0 0 0 TERESA FOY PHD TREASURER 1.00 0.00 X X 0 0 0 ROBIN ANDRULEVICH BOARD MEMBER 1.00 0.00 X 0 0 0 PAUL BUCKLEY PHD BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN COX BOARD MEMBER 1.00 0.00 X 0 0 0 DARYLL DEWALD PHD BOARD MEMBER 1.00 0.00 X 0 0 0 ERICA FEWEL BOARD MEMBER 1.00 0.00 X 0 0 0 KELLY LISBAKKEN BOARD MEMBER 1.00 0.00 X 0 0 0 JENS U QUISTGAARD PHD BOARD MEMBER 1.00 0.00 X 0 0 0 RHONDA RHYNE BOARD MEMBER 1.00 0.00 X 0 0 0 CHAD ROBINS BOARD MEMBER 1.00 0.00 X 0 0 0 LINDA ZUCKERMAN PHD BOARD MEMBER 1.00 0.00 X 0 0 0 NANCY ALLBRITTON MD PHD BOARD MEMBER 1.00 0.00 X 0 0 0 ALISON BEASON BOARD MEMBER 1.00 0.00 X 0 0 0 JAN BECK BOARD MEMBER 1.00 0.00 X 0 0 0 BILL BRADY BOARD MEMBER 1.00 0.00 X 0 0 0 CAITLIN CAMERON BOARD MEMBER 1.00 0.00 X 0 0 0 LESLIE CORNICK PHD BOARD MEMBER 1.00 0.00 X 0 0 0 VALERIE DAGGETT PHD BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW DERVAN BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN DRACHMAN MD BOARD MEMBER 1.00 0.00 X 0 0 0 NICOLE DUNHAM BOARD MEMBER 1.00 0.00 X 0 0 0 SONYA F ERICKSON BOARD MEMBER 1.00 0.00 X 0 0 0 HEATHER FRANKLIN MS MBA BOARD MEMBER 1.00 0.00 X 0 0 0 W MIKE GALLATIN BOARD MEMBER (PART YEAR) 1.00 0.00 X 0 0 0 BRAD GRAY BOARD MEMBER 1.00 0.00 X 0 0 0 STEVEN R HAYDON BOARD MEMBER (PART YEAR) 1.00 0.00 X 0 0 0 MERIKA KODAY BOARD MEMBER 1.00 0.00 X 0 0 0 LORETTA LITTLE MBA BOARD MEMBER 1.00 0.00 X 0 0 0 SCOTT MALONEY MBA BOARD MEMBER 1.00 0.00 X 0 0 0 SEAN MCCLAIN BOARD MEMBER 1.00 0.00 X 0 0 0 MARGARET MCCORMICK PHD BOARD MEMBER 1.00 0.00 X 0 0 0 CINDY MCDONALD-EVERETT BOARD MEMBER 1.00 0.00 X 0 0 0 RON MYERS MS JD BOARD MEMBER 1.00 0.00 X 0 0 0 ERIK NILSSON BOARD MEMBER 1.00 0.00 X 0 0 0 CRAIG PHILIPS BOARD MEMBER 1.00 0.00 X 0 0 0 CHRIS PICARDO BOARD MEMBER 1.00 0.00 X 0 0 0 NICK REDER BOARD MEMBER 1.00 0.00 X 0 0 0 AMANDA ROSE BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW T SERAFINI PHD BOARD MEMBER 1.00 0.00 X 0 0 0 KEN STUART PHD BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN SURRATT BOARD MEMBER 1.00 0.00 X 0 0 0 ERIK VON SCHENCK BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN WECKER PHD BOARD MEMBER 1.00 0.00 X 0 0 0 DAVE VACHON BOARD MEMBER 1.00 0.00 X 0 0 0 FRANCISCO R VELAZQUEZ MD SM BOARD MEMBER 1.00 0.00 X 0 0 0 AMANDA TRAN VP, MEMBERSHIP SERVICES 48.00 2.00 X 170053 0 20927 KATHLEEN POSTON VP, FINANCE & ADMINISTRATION 47.00 3.00 X 161113 0 20480 SRIKANT IYER PHD DIR WORKFORCE DEVELOP & EDUC. PSHIPS 40.00 0.00 X 112366 0 3859 DALE WILLARD DIRECTOR OF MEMBER SERVICES 40.00 0.00 X 117991 0 18324 975647 0 83675 5 0 1 0 RH STRATEGIC PARTNERS 1301 K STREET NW SUITE 220 WEST WASHINGTON DC 20005 CONSULTING 177371 1 410021 410021 MEMBERSHIP DUES 541900 879972 879972 MEETING & EVENT INCOME 900099 868810 868810 EDUCATIONAL PROGRAMS 900099 96298 96298 1845080 62070 62070 1082581 1082581 LEGISLATIVE ROUNDTABLE 900099 10500 10500 NEWSLETTER SPONSORSHIP 900099 9100 9100 19600 3419352 1845080 0 1164251 85000 434209 972495 45973 148171 96140 6099 67090 211684 19889 51750 70213 250822 21363 43493 17867 9542 BUSINESS DEVELOPMENT 223311 LIFE SCIENCE INNOVATION 218392 WORKFORCE DEVELOPMENT 129769 EDUCATION EVENTS 58324 14755 3196351 320380 0 1149331 1296579 718627 670764 15000 15000 22580 52583 62534 47614 32787 14920 1808790 2598264 4067495 4648110 180243 125056 874002 781053 1828013 2333763 2882258 3239872 X 0 0 0 0 1185237 1408238 1185237 1408238 4067495 4648110 223001 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED LSW PAC 188 EAST BLAINE STREET SUITE 150 SEATTLE WA 98102 911453398 15877 0 0 1 879972 67090 -79600 -12510 43999 -56509 62534 47614 14920 14920 RETRO RETENTION 468748 RETRO CHECKING 92072 RETRO CONTINGENCY 2037444 2598264 CONTINGENCY RESERVE 565099 LSW PAC LIABILITIES 32167 RETENTION FUNDS 1736497 2333763 1 LIFE SCIENCE WASHINGTON INSTITUTE 188 E BLAINE ST STE 150 SEATTLE WA 98102 812829364 501(C)(3) 85000 0 SUPPORT LIFE SCIENCE ENTREPRENEURS 1 0 PART I, LINE 2: ALL GRANTS WERE MADE TO LIFE SCIENCE WASHINGTON INSTITUTE TO SUPPORT OUR MISSION. LIFE SCIENCE WASHINGTON INSTITUTE IS A RELATED ORGANIZATION OVER WHICH LIFE SCIENCE WASHINGTON HAS OVERSIGHT. X X X 0 0 0 MARC CUMMINGS PRESIDENT & CEO/SECRETARY 288024 0 126100 0 0 0 20085 0 0 0 434209 0 0 0 AMANDA TRAN VP, MEMBERSHIP SERVICES 141700 0 28353 0 0 0 8503 0 12424 0 190980 0 0 0 KATHLEEN POSTON VP, FINANCE & ADMINISTRATION 136756 0 24357 0 0 0 8056 0 12424 0 181593 0 0 0 FORM 990, PART I, LINE 6: VOLUNTEERS INCLUDE MEMBERS OF THE BOARD OF DIRECTORS, EXECUTIVE COMMITTEE, FINANCE COMMITTEE AND LIFE SCIENCE INNOVATION NORTHWEST COMMITTEE AS WELL AS ONSITE VOLUNTEERS TO SET UP AND ASSIST DURING ACTUAL EVENTS. FORM 990, PART VI, SECTION A, LINE 1A THE AFFAIRS AND PROPERTY OF THE CORPORATION SHALL BE MANAGED UNDER THE DIRECTION OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE SOLE VOTING POWER WITH RESPECT TO ALL MATTERS RELATING TO THE CORPORATION. THIS INCLUDES, WITHOUT LIMITATION: (1) ELECTING OFFICERS OF THE CORPORATION, (2) APPOINTING BOARD COMMITTEES, (3) APPROVING THE CORPORATION'S ANNUAL BUDGET, AND (4) APPROVING THE CORPORATION'S PUBLIC POLICY PRIORITIES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S VICE PRESIDENT OF ADMINISTRATION WORKS CLOSELY WITH THE STAFF CONTROLLER AND EXTERNAL PUBLIC ACCOUNTING FIRM ENGAGED TO PREPARE THE RETURN. A DRAFT OF THE FORM 990 IS ALSO REVIEWED BY THE CONTROLLER AND VICE PRESIDENT OF ADMINISTRATION PRIOR TO PROVIDING THE FINAL DRAFT TO THE PRESIDENT. THE EXECUTIVE COMMITTEE HAS DELEGATED THE FINAL REVIEW OF THE FORM 990 TO THE PRESIDENT. SUBSEQUENT TO FINAL REVIEW, THE PRESIDENT REPORTS BACK TO THE EXECUTIVE COMMITTEE REGARDING ITS OVERSIGHT OF THE FORM 990 AND THE FINAL DRAFT IS PROVIDED TO THE TREASURER BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 15A 1. ALL COMPENSATION IS REVIEWED AND APPROVED BY THE ORGANIZATION'S EXECUTIVE COMMITTEE OR THE COMPENSATION COMMITTEE, PROVIDED THAT ANY PERSON WITH A CONFLICT OF INTEREST REGARDING COMPENSATION ISSUES IS NOT INVOLVED IN THE REVIEW AND APPROVAL PROCESS. 2. THE COMPENSATION IS REVIEWED AND APPROVED USING THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES SALARY SURVEY AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS, IN FUNCTIONALLY COMPARABLE POSITIONS, FOR SIMILAR ORGANIZATIONS. 3. MINUTES OF COMPENSATION MEETINGS ARE KEPT AND THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING COMPENSATION. THE DATE OF THE LAST COMPENSATION REVIEW WAS NOVEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. LIFE SCIENCE WASHINGTON INSTITUTE 188 E BLAINE ST STE 150 SEATTLE WA 98102 822829364 TO PROVIDE SUPPORT TO LIFE SCIENCE ENTREPRENEURS AND START-UP COMPANIES WA 501(C)(3) LINE 7 LIFE SCIENCE WASHINGTON 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 LIFE SCIENCE WASHINGTON INSTITUTE B 85000 CASH