Association of Bioscience Financial Officers
Public records raise at least one point you should look into before giving.
What it says it does
To provide a forum for the exchange of information and ideas on financial and business issues relevant to the bioscience industry. To foster a strong affiliation between senior financial executives through a variety of events.
- Income
- $607,027
- Spending
- $685,710
- Employees
- 0
- Volunteers
- 12
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- Planned for the organization's annual conference, which had approximately 240 participants in 2024. The conference activities included several keynote speakers, who were subject-matter experts, a variety of breakout panels that covered industry-specific topics, and other panels or sessions focused on technical areas relevant to financial officers in the bioscience industry.
- Held the organizations annual technical session. The session included both an industry-related panel of subject-matter experts and a technical accounting update by a Big 4 CPA firm.
- Held monthly breakfast meeting during the year and one dinner meeting. During these meetings, the attendees discuss and exchange ideas and information on relevant issues to the bioscience industry.
- Held monthly meetings with members on key accounting and CFO topics as well as networking sessions monthly throughout the year.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1994.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.