Totals
- Total revenue
- $24,500,358
- Total expenses
- $24,876,840
- Contributions and grants received
- $7,154,420
- Grants paid
- $113,419
- Program service revenue
- $16,661,431
- Investment income
- $565,201
- Other revenue
- $119,306
- Total assets, end of year
- $109,041,639
- Total liabilities, end of year
- $84,873,666
- Net assets or fund balances, end of year
- $24,167,973
- Program services expenses (Part IX)
- $20,678,932
- Management and general expenses
- $4,197,908
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $20,678,932
Program services were 83.1% 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.
-
1e · Government grants (contributions)
$115,766
-
1f · All other contributions, gifts and grants
$7,038,654
-
1g · Noncash contributions included above
$1,862,019
-
2a · Program service revenue: INCUBATOR INCOME
total $14,078,294 · related or exempt $14,078,294
-
2b · Program service revenue: MANAGEMENT FEE
total $1,514,304 · unrelated business $1,514,304
-
2c · Program service revenue: HARVARD LIFE LAB SERVICES
total $1,068,833 · related or exempt $1,068,833
-
3 · Investment income
total $565,201 · excluded $565,201
-
11a · Other revenue: EVENT REVENUE
total $118,562 · related or exempt $118,562
-
11b · Other revenue: OTHER INCOME
total $744 · related or exempt $744
-
11e · Other revenue, total
$119,306
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $113,419 · program services $113,419
-
5 · Compensation of officers, directors and key employees
total $524,712 · program services $373,464 · management and general $151,248
-
7 · Other salaries and wages
total $7,161,083 · program services $5,096,904 · management and general $2,064,179
-
8 · Pension plan contributions
total $519,681 · program services $434,591 · management and general $85,090
-
9 · Other employee benefits
total $2,025,106 · program services $1,693,527 · management and general $331,579
-
10 · Payroll taxes
total $708,145 · program services $512,070 · management and general $196,075
-
11b · Fees: legal
total $100,995 · program services $38,786 · management and general $62,209
-
11c · Fees: accounting
total $44,550 · program services $17,109 · management and general $27,441
-
11g · Fees: other
total $243,388 · program services $93,470 · management and general $149,918
-
12 · Advertising and promotion
total $549,905 · program services $328,113 · management and general $221,792
-
13 · Office expenses
total $612,568 · program services $610,196 · management and general $2,372
-
14 · Information technology
total $669,600 · program services $59,216 · management and general $610,384
-
16 · Occupancy
total $4,505,690 · program services $4,542,063 · management and general -$36,373
-
17 · Travel
total $16,940 · program services $16,093 · management and general $847
-
19 · Conferences, conventions and meetings
total $342,297 · program services $325,186 · management and general $17,111
-
22 · Depreciation, depletion and amortization
total $2,438,899 · program services $2,377,927 · management and general $60,972
-
23 · Insurance
total $273,574 · program services $60,185 · management and general $213,389
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $1,770,679 · program services $1,770,679
-
24b · Other expenses: LAB SUPPLIES & CONSUMAB
total $1,144,948 · program services $1,144,948
-
24c · Other expenses: ENVIRONMENTAL SVCS & PE
total $534,818 · program services $534,818
-
24d · Other expenses: PROVISION FOR INCOME TA
total $405,357 · program services $385,095 · management and general $20,262
-
24e · All other expenses
total $170,486 · program services $151,073 · management and general $19,413
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,486,924 · end of year $23,920,077
-
4 · Accounts receivable
beginning of year $1,853,939 · end of year $3,434,899
-
9 · Prepaid expenses and deferred charges
beginning of year $1,444,990 · end of year $875,632
-
10a · Land, buildings and equipment: cost or other basis
$27,190,786
-
10b · Land, buildings and equipment: accumulated depreciation
$16,261,553
-
10c · Land, buildings and equipment, net
beginning of year $12,246,653 · end of year $10,929,233
-
15 · Other assets
beginning of year $78,357,884 · end of year $69,881,798
-
17 · Accounts payable and accrued expenses
beginning of year $1,473,372 · end of year $1,444,640
-
19 · Deferred revenue
beginning of year $4,882,112 · end of year $3,970,442
-
25 · Other liabilities
beginning of year $81,888,363 · end of year $79,458,584
-
27 · Net assets without donor restrictions
beginning of year $24,146,543 · end of year $24,167,973
Mission and programs · 2023
Mission
LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENEURS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB.
-
HELP CREATE THE NEXT GENERATION OF BIOTECH COMPANIES BY PROVIDING ENTREPRENEURS AND INNOVATIVE LIFE SCIENCES STARTUPS WITH THE SPACE AND RESOURCES NEEDED TO TEST OUT, CHALLENGE, AND NURTURE EARLY IDEAS.
Expenses $20,678,932 · Grants $113,419 · Revenue $15,266,433
As filed on the 2023 return.
Listed in Part VII
-
Jo VineyJO VINEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan Windham-BannisterSUSAN WINDHAM-BANNISTER
DIRECTOR
- Total calculated
- $20,000
- From this org
- $20,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Steven Tregay PhDSTEVEN TREGAY PHD
CHARIMAN
- Total calculated
- $0
- Hours/week
- 1
-
John HarthorneJOHN HARTHORNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Johannes Fruehauf MD PhDJOHANNES FRUEHAUF MD PHD
PRESIDENT
- Total calculated
- $389,199
- From this org
- $342,464
- From related orgs
- $0
- Other
- $46,735
- Hours/week
- 26
Schedule J breakdown matched by us
- Base
- $342,464
- Bonus
- $0
- Other
- $0
- Deferred
- $19,800
- Nontaxable benefits
- $26,935
- Filer's total
- $389,199
-
Peter D ParkerPETER D PARKER
SECRETARY/DIRECTOR
- Total calculated
- $782
- From this org
- $782
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Peter ShanleyPETER SHANLEY
CFO/TREASURER
- Total calculated
- $188,653
- From this org
- $161,466
- From related orgs
- $0
- Other
- $27,187
- Hours/week
- 16
Schedule J breakdown matched by us
- Base
- $161,466
- Bonus
- $0
- Other
- $0
- Deferred
- $10,121
- Nontaxable benefits
- $17,066
- Filer's total
- $188,653
-
Celina C ChangCELINA C CHANG
VP, SCIENCE OPERATION & ST
- Total calculated
- $307,390
- From this org
- $265,221
- From related orgs
- $0
- Other
- $42,169
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $265,221
- Bonus
- $0
- Other
- $0
- Deferred
- $15,951
- Nontaxable benefits
- $26,218
- Filer's total
- $307,390
-
Anna WhitlockANNA WHITLOCK
SR. DIR. PEOPLE STRATEGY &
- Total calculated
- $246,394
- From this org
- $222,728
- From related orgs
- $0
- Other
- $23,666
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,728
- Bonus
- $0
- Other
- $0
- Deferred
- $13,294
- Nontaxable benefits
- $10,372
- Filer's total
- $246,394
-
Mike LarhetteMIKE LARHETTE
CHIEF BUSINESS OFFICER
- Total calculated
- $373,746
- From this org
- $327,021
- From related orgs
- $0
- Other
- $46,725
- Hours/week
- 36
Schedule J breakdown matched by us
- Base
- $327,021
- Bonus
- $0
- Other
- $0
- Deferred
- $19,490
- Nontaxable benefits
- $27,235
- Filer's total
- $373,746
-
Gretchen Cook-AndersonGRETCHEN COOK-ANDERSON
EXECUTIVE DIRECTOR OF IGNI
- Total calculated
- $339,466
- From this org
- $312,690
- From related orgs
- $0
- Other
- $26,776
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $312,690
- Bonus
- $0
- Other
- $0
- Deferred
- $13,450
- Nontaxable benefits
- $13,326
- Filer's total
- $339,466
-
Margaret E O'TooleMARGARET E O'TOOLE
CHIEF OPERATING OFFICER
- Total calculated
- $405,738
- From this org
- $366,951
- From related orgs
- $0
- Other
- $38,787
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $366,951
- Bonus
- $0
- Other
- $0
- Deferred
- $19,800
- Nontaxable benefits
- $18,987
- Filer's total
- $405,738
-
Rachele RyanRACHELE RYAN
DIRECTOR, PROGRAMMING & COMMUNITY
- Total calculated
- $211,387
- From this org
- $178,546
- From related orgs
- $0
- Other
- $32,841
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,546
- Bonus
- $0
- Other
- $0
- Deferred
- $10,581
- Nontaxable benefits
- $22,260
- Filer's total
- $211,387
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 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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
-
PROTEINEA
$10,000
GRANT
-
VIOLET THERAPEUTICS
$10,000
GRANT
-
CELLFORMA
$10,000
GRANT
-
NEUROBIONICS
$10,000
GRANT
-
HOVANA INC
$10,000
GRANT
-
HDAX THERAPEUTICS
$10,000
GRANT
-
MATERIALIZE BIO
$10,000
GRANT
-
VENOVA TECHNOLOGIES
$10,000
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.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MAINSTPBC INC
C · LAB SERVICES · MA · 100% owned · share of income $28,780,111 · share of assets $160,771,420 · controlled entity
Directly controlled by LAB CENTRAL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432839349301378
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.