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Nonprofiteer
← LIFE SCIENCE CARES INC

Form 990 for tax year 2022

Filed by LIFE SCIENCE CARES INC.

Totals

Total revenue
$8,643,098
Total expenses
$6,935,202
Contributions and grants received
$8,747,315
Grants paid
$3,769,444
Program service revenue
$0
Investment income
-$317
Other revenue
-$103,900
Total assets, end of year
$9,242,190
Total liabilities, end of year
$625,913
Net assets or fund balances, end of year
$8,616,277
Program services expenses (Part IX)
$5,106,597
Management and general expenses
$758,903
Fundraising expenses
$1,069,702
Program service expenses (Part III)
$5,106,597

Program services were 73.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $915,951

  • 1f · All other contributions, gifts and grants

    $7,831,364

  • 1g · Noncash contributions included above

    $47,378

  • 3 · Investment income

    total $64 · excluded $64

  • 7a · Gross sales of assets other than inventory

    securities $73,315

  • 7b · Less cost or other basis and sales expenses

    securities $73,696

  • 7c · Gain or loss

    securities -$381

  • 7d · Net gain or loss

    total -$381 · excluded -$381

  • 8a · Fundraising events: gross income

    $188,186

  • 8a · Fundraising events: contributions included on line 1c

    $915,951

  • 8b · Fundraising events: direct expenses

    $292,326

  • 8c · Net income from fundraising events

    total -$104,140 · excluded -$104,140

  • 11a · Other revenue: OTHER INCOME

    total $240 · related or exempt $240

  • 11e · Other revenue, total

    $240

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,769,444 · program services $3,769,444

  • 5 · Compensation of officers, directors and key employees

    total $267,847 · program services $64,283 · management and general $139,281 · fundraising $64,283

  • 7 · Other salaries and wages

    total $1,691,505 · program services $970,153 · management and general $226,858 · fundraising $494,494

  • 8 · Pension plan contributions

    total $28,828 · program services $15,395 · management and general $5,102 · fundraising $8,331

  • 9 · Other employee benefits

    total $91,413 · program services $52,091 · management and general $10,840 · fundraising $28,482

  • 10 · Payroll taxes

    total $137,726 · program services $70,789 · management and general $25,739 · fundraising $41,198

  • 11b · Fees: legal

    total $336 · management and general $336

  • 11c · Fees: accounting

    total $149,565 · management and general $149,565

  • 11g · Fees: other

    total $155,775 · program services $39,830 · management and general $107,253 · fundraising $8,692

  • 12 · Advertising and promotion

    total $36,404 · program services $13,109 · management and general $10,000 · fundraising $13,295

  • 13 · Office expenses

    total $6,249 · management and general $6,249

  • 14 · Information technology

    total $111,335 · program services $47,913 · management and general $30,919 · fundraising $32,503

  • 17 · Travel

    total $16,614 · program services $5,109 · management and general $10,765 · fundraising $740

  • 22 · Depreciation, depletion and amortization

    total $3,868 · program services $1,895 · management and general $859 · fundraising $1,114

  • 23 · Insurance

    total $6,342 · program services $3,225 · management and general $1,235 · fundraising $1,882

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $226,000 · program services $2,500 · fundraising $223,500

  • 24b · Other expenses: EVENT EXPENSES

    total $101,194 · program services $2,623 · fundraising $98,571

  • 24c · Other expenses: CREDIT CARD AND PAYROLL

    total $65,177 · program services $6,234 · management and general $7,459 · fundraising $51,484

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $28,309 · program services $28,309

  • 24e · All other expenses

    total $41,271 · program services $13,695 · management and general $26,443 · fundraising $1,133

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,418,455 · end of year $7,204,108

  • 2 · Savings and temporary cash investments

    beginning of year $1,919,942 · end of year $634,102

  • 3 · Pledges and grants receivable

    beginning of year $1,726,663 · end of year $1,334,136

  • 4 · Accounts receivable

    beginning of year $24,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,595 · end of year $51,711

  • 10a · Land, buildings and equipment: cost or other basis

    $22,584

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,451

  • 10c · Land, buildings and equipment, net

    beginning of year $2,043 · end of year $18,133

  • 12 · Investments: other securities

    beginning of year $4

  • 17 · Accounts payable and accrued expenses

    beginning of year $859,321 · end of year $349,913

  • 18 · Grants payable

    end of year $270,000

  • 19 · Deferred revenue

    beginning of year $2,000 · end of year $6,000

  • 27 · Net assets without donor restrictions

    beginning of year $6,828,087 · end of year $7,415,386

  • 28 · Net assets with donor restrictions

    beginning of year $415,294 · end of year $1,200,891

Mission and programs · 2022

Mission

LIFE SCIENCE CARES ORGANIZATION IS A COLLECTIVE EFFORT OF THE LIFE SCIENCE INDUSTRY TO ELIMINATE THE IMPACT OF POVERTY ON OUR NEIGHBORS IN THE BOSTON, PHILADELPHIA, SAN DIEGO AND SAN FRANCISCO BAY AREAS. THROUGH UNITING THE HUMAN AND FINANCIAL RESOURCES OF LIFE SCIENCE COMPANIES AND INDUSTRY LEADERS, WE SUPPORT SERVICE ORGANIZATIONS THAT DO THE BEST WORK IN FIGHTING POVERTY IN OUR COMMUNITY.

Activities or mission (Part I)

LIFE SCIENCE CARES IS A COLLECTIVE EFFORT OF THE LIFE SCIENCE INDUSTRY TO ELIMINATE THE IMPACT OF POVERTY ON OUR NEIGHBORS IN THE BOSTON, PHILADELPHIA, SAN DIEGO AND SAN FRANCISCO BAY AREAS. THROUGH UNITING THE HUMAN AND FINANCIAL RESOURCES OF LIFE SCIENCE COMPANIES AND INDUSTRY LEADERS, WE SUPPORT SERVICE ORGANIZATIONS THAT DO THE BEST WORK IN FIGHTING POVERTY IN OUR COMMUNITY.

  • SERVICE ORGANIZATION SUPPORT: LIFE SCIENCE CARES, INC. PROVIDES HUMAN CAPITAL, IN-KIND DONATIONS AND FINANCIAL RESOURCES (DONATIONS / GRANTS) TO LOCAL PARTNER SERVICE ORGANIZATIONS THAT HAVE THE SAME COMMON GOAL, TO HELP FIGHT POVERTY IN THE SURROUNDING COMMUNITY. PARTNER ORGANIZATIONS ARE BROUGHT BEFORE THE BOARD AND THEN APPROVED. IN 2022, LIFE SCIENCE CARES SUPPORTED 75 NONPROFIT ORGANIZATIONS ACROSS OUR FIVE SITES, PROVIDING ACCESS TO BASIC NEEDS, ACCESS TO EDUCATION & ACCESS TO OPPORTUNITY.LIFE SCIENCE CARES HELPS COMPANIES TO HELP THEM BETTER UNDERSTAND COMMUNITY NEEDS AND FORGE RELATIONSHIPS WITH A VARIETY OF LOCAL NONPROFIT ORGANIZATIONS. LSC STAFF ADVISE AND SUPPORT COMPANIES' INTERNAL TEAMS, PROVIDING YEAR-ROUND EMPLOYEE ENGAGEMENT ACTIVITIES AS WELL AS BEST PRACTICES AND TOOLKITS FOR SUSTAINED CORPORATE SOCIAL IMPACT EFFORTS. LSC ALSO RUNS PROGRAMS TO FILL GAPS IN THE ECOSYSTEM, INCLUDING THE PROJECT ONRAMP SUMMER INTERNSHIP PROGRAM AND ONE-TO-ONE NETWORKING PLATFORM.

    Expenses $5,106,597 · Grants $3,769,444

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SARAH MACDONALD

    PRESIDENT, LIFE SCIENCE CARES, CLERK

    Total calculated
    $257,167
    From this org
    $230,536
    From related orgs
    $0
    Other
    $26,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,536
    Bonus
    $0
    Other
    $0
    Deferred
    $9,221
    Nontaxable benefits
    $17,410
    Filer's total
    $257,167

  • AISHA BARO

    EXECUTIVE DIRECTOR, LSC BAY AREA

    Total calculated
    $252,782
    From this org
    $239,796
    From related orgs
    $0
    Other
    $12,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,796
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,986
    Filer's total
    $252,782

  • MORGAN BERMAN

    EXECUTIVE DIRECTOR, LSC PHILLY

    Total calculated
    $171,706
    From this org
    $147,713
    From related orgs
    $0
    Other
    $23,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,713
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,993
    Filer's total
    $171,706

  • LEANE MARCHESE

    EXECUTIVE DIRECTOR, LSC SAN DIEGO

    Total calculated
    $171,394
    From this org
    $159,462
    From related orgs
    $0
    Other
    $11,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,462
    Bonus
    $0
    Other
    $0
    Deferred
    $4,784
    Nontaxable benefits
    $7,148
    Filer's total
    $171,394

  • KELLY BRAWN

    PROGRAM MANAGER, BOSTON

    Total calculated
    $152,868
    From this org
    $141,552
    From related orgs
    $0
    Other
    $11,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,552
    Bonus
    $0
    Other
    $0
    Deferred
    $5,662
    Nontaxable benefits
    $5,654
    Filer's total
    $152,868

  • EMILY STANFORD

    DVELOPMENT DIRECTOR, BOSTON

    Total calculated
    $134,400
    From this org
    $129,231
    From related orgs
    $0
    Other
    $5,169
    Hours/week
    40

  • ABE CEESAY

    CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT URBAN

    VICE CHAIR & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MIKE TOMSICEK

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROB PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • TIM HUNT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA MAZAREAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID MELVILLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLEN GIOVANNETTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETER PEDRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENE RUSSO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMANTHA TRUEX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHIP CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRY-ANN BURRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333079349303008

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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