Keystone Symposia on Molecular and Cellular Biology
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Keystone Symposia on Molecular and Cellular Biology does not meet the following 6 Standards for Charity Accountability:
Standard 4 (Compensated Board Members)
Not more than one or 10% (whichever is greater) directly or indirectly compensated person(s) serving as voting member(s) of the board. Compensated members shall not serve as the board's chair or treasurer.
KSMCB does not meet this Standard because:
- Two members out of the 17 member board of directors (12%) are compensated directly.
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
KSMCB does not meet this Standard because:
- The organization's effectiveness assessment policy does not specify that this assessment will take place at least once every two years.
Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.
KSMCB does not meet this Standard because:
- The organization has not conducted an effectiveness assessment within the past two years.
Standard 8 (Program Service Expense Ratio)
Spend at least 65% of its total expenses on program activities.
KSMCB does not meet this Standard because:
- According to its audited financial statements for the year ended June 30, 2023, the organization spent $7,523,483 or 64% of its total expenses on programs.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
KSMCB does not meet this Standard because:
- The organization states it does not have an annual report covering activities conducted in the year ended June 30, 2023.
Standard 17 (Web Site Disclosures)
Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.
KSMCB does not meet this Standard because the organization’s website, https://keystonesymposia.org/, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:
- Electronic access to the organization’s IRS Form 990 for the year ended June 30, 2023.
- Financial information for the year ended June 30, 2023.
Keystone Symposia on Molecular and Cellular Biology meets the remaining 14 Standards for Charity Accountability.
Stated Purpose:
"to serve as a catalyst for the advancement of biomedical and life sciences by connecting scientists within and across disciplines at conferences and workshops held at venues that create an environment conducive to information exchange, generation of new ideas and acceleration of applications that benefit society."
Year, State Incorporated:
1972, CO
Keystone Symposia on Molecular and Cellular Biology (KSMCB) convenes approximately 50-60 open, peer-reviewed conferences annually, across life-science topics. Subjects bridge basic and clinical research, across academic, industry and global health sectors, to promote translational advances with medical impacts. KSMCB supports the next generation of research leaders, with scholarships, travel awards and career development opportunities for students and post-doctoral fellows. The organization's Diversity in Life Science Programs provide career-advancement experiences and training to scientists from under-represented backgrounds and developing nations, to ensure diverse representation within the life-science workforce across all levels.
For the year ended June 30, 2023, Keystone Symposia on Molecular and Cellular Biology's program expenses were:
| Scientific and educational symposia | $7,523,483 |
| Total Program Expenses | $7,523,483 |
Chief Executive
James Baumgartner, Ph.D., President and Chief Executive Officer
Chair of the Board
Walter H. Moos, Ph.D.
Chair's Profession / Business Affiliation
Managing Director, Pandect Catalyst
Board Size
17
Paid Staff Size
35
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Dr. James Baumgartner's compensation is currently unavailable. The previous President and Chief Executive Officer, Dr. Deborah L. Johnson, received compensation totaling $432,161 in 2022.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio
Fundraising costs were 25% of related contributions. (Related contributions, which totaled $3,900,854, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Keystone Symposia on Molecular and Cellular Biology's audited financial statements for the year ended June 30, 2023.
Source of Funds
| In-kind contributions | $181,642 |
| Housing commissions and other income | $609,988 |
| Federal and state contracts and grants | $635,955 |
| Investment return, net | $794,463 |
| Contributions and sponsorships | $3,083,257 |
| Conference registration and other, net | $8,752,835 |
| Total Income | $14,058,140 |
Programs: 64% Fundraising: 8% Administrative: 28%
| Total Income | $14,058,140 |
| Total expenses: | $11,769,690 |
| Program expenses | $7,523,483 |
| Fundraising expenses | $957,396 |
| Administrative expenses | $3,288,811 |
| Other expenses | $0 |
| Income in Excess of Expenses | $2,288,450 |
| Beginning Net Assets | $16,476,927 |
| Other Changes In Net Assets | $-68,992 |
| Ending Net Assets | $18,696,385 |
| Total Liabilities | $1,548,659 |
| Total Assets | $20,245,044 |
Note 1: In the financial section above, "other changes in net assets refers to a loss on uncollectable promises to give (-$52,615) and a loss on disposal of property and equipment (-$16,377).
Note 2: According to KSMCB's audited financial statements for the year ended June 30, 2023, the organization received in-kind contributions totaling $181,642 in the form of speakers' travel ($155,365) and conference space and services ($26,277).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance