BBB Wise Giving Report for
Keystone Symposia on Molecular and Cellular Biology

BBB Wise Giving Report issued June 2011
BBB Wise Giving Report expires June 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


Find out more about this charity:

Back To Top

Charity Contact Information

Name: Keystone Symposia on Molecular and Cellular Biology
Address: 160 U.S. Highway 6, Suite 200
  Silverthorne, CO 80498
Phone: 970-262-1230
800-253-0685
Web Address: www.keystonesymposia.org
Back To Top

BBB Wise Giving Alliance Comments

Year, State Incorporated: 1995, Colorado
Affiliates: None
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."

Back To Top

Evaluation Conclusions

               

Keystone Symposia on Molecular and Cellular Biology (KS) does not meet the following 3 Standards for Charity Accountability.

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.

KS does not meet this Standard because:

  • It did not produce a written report outlining the results of its most recent effectiveness assessment.

Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

KS does not meet this Standard because, when the organization provided budget information, it indicated that the budget:

  • Did not identify total projected fund raising expenses.

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.

KS does not meet this standard because the most recent annual report did not include:

  • Total end of year net assets.
Keystone Symposia on Molecular and Cellular Biology (KS) meets the remaining 17 Standards for Charity Accountability.
Back To Top

Programs

               

KS sponsors an annual series of conferences for the scientific community which are international in scope and focus on new and emerging areas of molecular and cellular biology as they apply to basic biology, human medicine and agriculture.

For the fiscal year ended June 30, 2010, KS's program expenses were:

  
Programs 11,186,495
Total Program Expenses: $11,186,495
Back To Top

Governance

               

Chief Executive : James Aiken, CEO
Compensation*:
 $209,791

Chair of the Board: Juleen R. Zierath, Ph.D.
Chair's Profession / Business Affiliation: Scientist

Board Size: 14

Paid Staff Size: 33

*July 1, 2009 - June 30, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

               

Method(s) Used:

Direct mail, special events, grant proposals, and Internet appeals
Fund raising costs were 8% of related contributions. (Related contributions, which totaled $6,207,414, are donations received as a result of fund raising activities.)
Back To Top

Tax Status

               

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.
Back To Top

Financial

               

The following information is based on KS's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Registration fees 8,266,067
Corporate and foundation contributions 5,401,948
Government grants 805,466
Net realized and unrealized gains on investments 678,072
Housing commissions and other 531,444
Interest and dividend income 262,086
Other program revenues 29,187
Other support 7,123
Net exchange (losses) -9,360
Total Income $15,972,033


chart



Uses of Funds as a % of Total Expenses

Programs: 83%  Fund Raising: 4%  Administrative: 13% 

Total income   $15,972,033
  Program expenses $11,186,495
  Fund raising expenses 515,512
  Administrative expenses 1,683,252
 
Total expenses   $13,385,259
Income in Excess of Expenses   2,586,774
Beginning net assets   7,909,620
Ending net assets   10,496,394
Total liabilities   1,082,408
Total assets   $11,578,802

Note: According to KS's audited financial statements for the year ended June 30, 2010, the organization received in-kind contributions in the amount of $869,426 including advertisement ($738,611) and travel ($130,815).

Back To Top

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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

Send to:



What is an Accredited Charity