Totals
- Total revenue
- $2,697,086
- Total expenses
- $965,524
- Contributions and grants received
- $2,494,586
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $202,500
- Other revenue
- $0
- Total assets, end of year
- $5,496,066
- Total liabilities, end of year
- $4,046,792
- Net assets or fund balances, end of year
- $1,449,274
- Program services expenses (Part IX)
- $619,462
- Management and general expenses
- $346,062
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $619,462
Program services were 64.2% 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)
$2,494,586
-
3 · Investment income
total $202,500 · excluded $202,500
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $179,979 · program services $85,850 · management and general $94,129
-
7 · Other salaries and wages
total $296,102 · program services $185,975 · management and general $110,127
-
9 · Other employee benefits
total $105,017 · program services $64,106 · management and general $40,911
-
11b · Fees: legal
total $17,816 · management and general $17,816
-
11c · Fees: accounting
total $40,465 · management and general $40,465
-
11f · Fees: investment management
total $15,068 · management and general $15,068
-
11g · Fees: other
total $181,556 · program services $161,866 · management and general $19,690
-
13 · Office expenses
total $4,335 · program services $2,020 · management and general $2,315
-
14 · Information technology
total $23,697 · program services $23,697
-
16 · Occupancy
total $54,045 · program services $54,045
-
17 · Travel
total $19,270 · program services $19,270
-
19 · Conferences, conventions and meetings
total $6,470 · program services $6,470
-
23 · Insurance
total $5,541 · management and general $5,541
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $16,163 · program services $16,163
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $166,181 · end of year $167,946
-
3 · Pledges and grants receivable
beginning of year $265,378 · end of year $368,641
-
4 · Accounts receivable
beginning of year $0 · end of year $30,934
-
9 · Prepaid expenses and deferred charges
beginning of year $15,938 · end of year $1,351
-
11 · Investments: publicly traded securities
beginning of year $4,477,692 · end of year $2,877,194
-
12 · Investments: other securities
end of year $2,050,000
-
15 · Other assets
beginning of year $37,563 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $62,531 · end of year $13,528
-
25 · Other liabilities
beginning of year $5,213,393 · end of year $4,033,264
-
27 · Net assets without donor restrictions
beginning of year -$313,172 · end of year $1,449,274
Mission and programs · 2023
Mission
SUPPORTING THE DEVELOPMENT OF A ROBUST LIFE SCIENCES ENTREPRENEURIAL ECOSYSTEM THROUGHOUT PENNSYLVANIA AND BEYOND THROUGH COMMUNITY EVENTS, DIRECT SUPPORT OF EARLY-STAGE COMPANIES AND FOSTERING TALENT.
Activities or mission (Part I)
SUPPORTING THE DEVELOPMENT OF A ROBUST LIFE SCIENCES ENTREPRENEURIAL ECOSYSTEM IN SOUTHWESTERN PA THROUGH COMMUNITY EVENTS, DIRECT SUPPORT OF EARLY-STAGE STARTUPS, AND FOSTERING TALENT.
-
SINCE RECEIVING THE GREENHOUSE DESIGNATION IN 2022 LIFEX GREENHOUSE HAS COMPLETED SIX ACCELERATOR PROGRAMS AND INVESTED OVER $2 MILLION IN TEN START-UPS.
Expenses $619,462
As filed on the 2023 return.
Listed in Part VII
-
Gerald VardzelGERALD VARDZEL
PRESIDENT/SECRETARY
- Total calculated
- $399,465
- From this org
- $103,132
- From related orgs
- $240,642
- Other
- $55,691
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $103,132 + $240,642 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,707 + $38,984 related
- Filer's total
- $119,839 + $279,626 related
-
Dr Michael HuffordDR MICHAEL HUFFORD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bobby ZappalaBOBBY ZAPPALA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Christopher MolineauxCHRISTOPHER MOLINEAUX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rob RutenbarROB RUTENBAR
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jen GilburgJEN GILBURG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Julie GulickJULIE GULICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marc MalandroMARC MALANDRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Megan ShawMEGAN SHAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pamela LewisPAMELA LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tim McNultyTIM MCNULTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eliza SwannELIZA SWANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael YoungMICHAEL YOUNG
VP, OPERATIONS & FINANCE
- Total calculated
- $192,064
- From this org
- $56,295
- From related orgs
- $84,000
- Other
- $51,769
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $56,295 + $84,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $20,773 + $30,996 related
- Filer's total
- $77,068 + $114,996 related
-
Kelly CollierKELLY COLLIER
DIRECTOR OF ECOSYSTEM DEVELOPMENT
- Total calculated
- $181,396
- From this org
- $132,503
- From related orgs
- $0
- Other
- $48,893
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $132,503
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $48,893
- Filer's total
- $181,396
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
None.
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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · HIGHER EDUCATION · PA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349309099
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.