MASSACHUSETTS BIOMEDICAL INITIATIVES

As filed

Subsection

03

NTEE code

U500

Classification

2000

Street

17 BRIDEN STREET

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

• MBI PROVIDED STARTUP COMPANY INCUBATION SERVICES FOR BIOMEDICAL COMPANIES INCLUDING BIOTECHNOLOGY, MEDICAL DEVICE, AND BIOINFORMATICS. MBI PROVIDES FLEXIBLE AND SCALABLE PRIVATE LABORATORIES, OFFICE SPACE, SHARED EQUIPMENT, HEALTH AND SAFETY TRAINING AND SUPPORT AND SUPPORTIVE BUSINESS PROGRAMS TO HELP STARTUP COMPANIES GROW THEIR TEAM AND RESEARCH, CREATE JOBS, AND EXPAND THE TAX BASE.MBI IS A LEADER OF REGIONAL WORKFORCE DEVELOPMENT EFFORTS THROUGH OUR BIOMANUFACTURING WORKFORCE INITIATIVE, WORKFORCE CHALLENGE, AND INCREASING DIVERSITY IN STEM GRANTS. MBI HELPS WORK BETWEEN INDUSTRY AND ACADEMIA TO FIND EMPLOYMENT GAPS TO HELP CONNECT RESIDENTS INTO THROUGH CERTIFICATE PROGRAMMING. MBI LEADS REGIONAL BIOMANUFACTURING RELATED ECONOMIC DEVELOPMENT EFFORTS INCLUDING THE PROMOTION OF EMERGING BIO-FOOD AND BIO-MATERIAL SECTORS. THIS WORK HELPS CREATE ECONOMIC OPPORTUNITY FOR AREA RESIDENTS, INCREASE THE TAX BASE, AND ACHIEVE FEDERAL PRIORITIES IN PROMOTING DOMESTIC BIOMANUFACTURING, SECURING SUPPLY CHAINS, AND ACHIEVING OUR NATION'S SUSTAINABILITY GOALS.

  Expenses $3,907,177 · Grants $124,825 · Revenue $3,412,486

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2025

  Revenue

  $5,595,536

  Expenses

  $4,363,262

  Contributions

  $1,019,009

  Grants paid

  $124,825

• 2023

  Revenue

  $6,363,451

  Expenses

  $3,568,461

  Contributions

  $3,524,397

  Grants paid

  $287,500

• 2022

  Revenue

  $4,750,848

  Expenses

  $3,413,396

  Contributions

  $1,953,075

  Grants paid

  $218,750

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $4,335,258

  Expenses

  $2,865,540

  Assets (EOY)

  $18,513,088

• 2020 · 990

  Revenue

  $5,958,843

  Expenses

  $2,219,087

  Assets (EOY)

  $17,539,609

• 2019 · 990

  Revenue

  $2,816,957

  Expenses

  $1,863,460

  Assets (EOY)

  $12,838,674

• 2018 · 990

  Revenue

  $1,742,894

  Expenses

  $1,646,142

  Assets (EOY)

  $10,303,267

• 2017 · 990

  Revenue

  $1,874,668

  Expenses

  $1,605,347

  Assets (EOY)

  $11,429,133

• 2016 · 990

  Revenue

  $1,776,600

  Expenses

  $1,693,667

  Assets (EOY)

  $10,282,839

• 2015 · 990

  Revenue

  $1,591,853

  Expenses

  $1,688,122

  Assets (EOY)

  $10,354,865

• 2014 · 990

  Revenue

  $2,084,387

  Expenses

  $1,814,012

  Assets (EOY)

  $10,807,222

• 2013 · 990

  Revenue

  $1,970,342

  Expenses

  $1,819,445

  Assets (EOY)

  $10,803,778

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,337,702

  Assets (EOY)

  $10,841,132

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• QUINSIGAMOND COMMUNITY COLLEGE

  $112,500

  2023 · STEM PROGRAM

• QUINSIGAMOND COMMUNITY COLLEGE

  $96,875

  2022 · STEM PROGRAM

• WORCESTER STATE UNIVERSITY

  $62,500

  2023 · STEM PROGRAM

• SMALL BUSINESS ADMINISTRATION

  $50,000

  2023 · GRANT PARTNERSHIP

• WORCESTER STATE UNIVERSITY

  $46,875

  2022 · STEM PROGRAM

• MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION

  $33,875

  2023 · BIOMANUFACTURING TECHNICIAN APPRENTICESHIP

• MASSACHUSETTS LIFE SCIENCES CENTER

  $25,000

  2023 · MASSNEXTGEN PROGRAM GRANT

• GLOUCESTER MARINE GENOMICS INSTITUTE

  $25,000

  2022 · BIOMANUFACTURING TECHNICIAN APPRENTICESHIP

• GIRLS INCORPORATED OF WORCESTER

  $25,000

  2022 · BIOMANUFACTURING TECHNICIAN APPRENTICESHIP

• MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION

  $25,000

  2022 · BIOMANUFACTURING TECHNICIAN APPRENTICESHIP

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

Where these grants went next →

Grants received

• T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC

  $50,000

  2023 · MULTIPLE

Other IRS files