Civic Intelligence

Massachusetts Biomedical Initiatives Inc

EIN 22-2636406 • 501(c)3 • Worcester, MA

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Profile

Massachusetts biomedical initiatives (mbi) is a private non-profit corporation which provides life science incubator labs thereby supporting the growth and expansion of biotechnology and medical device companies, enhancing the status of massachusetts as the world leader in the medical industry. By creating the right environment for the biomedical industry to expand and grow, mbi has become a national model for leveraging public sector funds with private sector investments to fuel economic development.our goal is to assist in building the medical industry in massachusetts by promoting the commercialization of our region's academic and science research to develop new biotechnology, medical device, and pharmaceutical companies. We encourage entrepreneurs and work with establised companies to also expand existing operations.

17 Briden StreetWorcester, MA 01605

www.massbiomed.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.30x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.75x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

75th percentile

20%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$301,951

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

48th percentile

4.5%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-16%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$31,324,216

Up $1,351,894 (+4.5%) from 2023

Liabilities

Up

$9,307,339

Up $222,249 (+2.4%) from 2023

Net Assets

Up

$22,016,877

Up $1,129,645 (+5.4%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin75th percentile

Revenue

Down

$5,329,684

Down $1,033,767 (-16%) from 2023

Expenses

Up

$4,238,815

Up $670,354 (+19%) from 2023

Net Income

Down

$1,090,869

Down $1,704,121 (-61%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $10,266,546Liabilities 2010: $1,631,577Net Assets 2010: $8,634,9692010Assets 2011: $9,825,693Liabilities 2011: $1,608,083Net Assets 2011: $8,217,6102011Assets 2012: $10,841,132Liabilities 2012: $1,420,790Net Assets 2012: $9,420,3422012Assets 2013: $10,803,778Liabilities 2013: $707,598Net Assets 2013: $10,096,1802013Assets 2014: $10,807,222Liabilities 2014: $656,895Net Assets 2014: $10,150,3272014Assets 2015: $10,354,865Liabilities 2015: $500,223Net Assets 2015: $9,854,6422015Assets 2016: $10,282,839Liabilities 2016: $176,115Net Assets 2016: $10,106,7242016Assets 2017: $11,429,133Liabilities 2017: $122,699Net Assets 2017: $11,306,4342017Assets 2018: $10,303,267Liabilities 2018: $253,024Net Assets 2018: $10,050,2432018Assets 2019: $12,838,674Liabilities 2019: $796,060Net Assets 2019: $12,042,6142019Assets 2020: $17,539,609Liabilities 2020: $842,291Net Assets 2020: $16,697,3182020Assets 2021: $18,513,088Liabilities 2021: $671,861Net Assets 2021: $17,841,2272021Assets 2022: $23,711,563Liabilities 2022: $6,820,626Net Assets 2022: $16,890,9372022Assets 2023: $29,972,322Liabilities 2023: $9,085,090Net Assets 2023: $20,887,2322023Assets 2024: $31,324,216Liabilities 2024: $9,307,339Net Assets 2024: $22,016,8772024

Highlighted filing

2024

Assets$31,324,216
Liabilities$9,307,339
Net Assets$22,016,877
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,638,0122010Expenses 2011: $1,647,0692011Expenses 2012: $1,337,7022012Revenue 2013: $1,970,342Expenses 2013: $1,819,445Net Income 2013: $150,8972013Revenue 2014: $2,084,387Expenses 2014: $1,814,012Net Income 2014: $270,3752014Revenue 2015: $1,591,853Expenses 2015: $1,688,122Net Income 2015: -$96,2692015Revenue 2016: $1,776,600Expenses 2016: $1,693,667Net Income 2016: $82,9332016Revenue 2017: $1,874,668Expenses 2017: $1,605,347Net Income 2017: $269,3212017Revenue 2018: $1,742,894Expenses 2018: $1,646,142Net Income 2018: $96,7522018Revenue 2019: $2,816,957Expenses 2019: $1,863,460Net Income 2019: $953,4972019Revenue 2020: $5,958,843Expenses 2020: $2,219,087Net Income 2020: $3,739,7562020Revenue 2021: $4,335,258Expenses 2021: $2,865,540Net Income 2021: $1,469,7182021Revenue 2022: $4,750,848Expenses 2022: $3,413,396Net Income 2022: $1,337,4522022Revenue 2023: $6,363,451Expenses 2023: $3,568,461Net Income 2023: $2,794,9902023Revenue 2024: $5,329,684Expenses 2024: $4,238,815Net Income 2024: $1,090,8692024

Highlighted filing

2024

Revenue$5,329,684
Expenses$4,238,815
Net Income$1,090,869
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$31,324,216
Liabilities
$9,307,339
Net assets
$22,016,877
Revenue
$5,329,684
Expenses
$4,238,815
Net income
$1,090,869
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.3$9.31$22.0$5.33$4.24$1.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.0$9.09$20.9$6.36$3.57$2.79
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.7$6.82$16.9$4.75$3.41$1.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$0.67$17.8$4.34$2.87$1.47
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$0.84$16.7$5.96$2.22$3.74
2019Detailed filing. Detailed filing data is available for this year.$12.8$0.80$12.0$2.82$1.86$0.95
2018Detailed filing. Detailed filing data is available for this year.$10.3$0.25$10.1$1.74$1.65$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.12$11.3$1.87$1.61$0.27
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.18$10.1$1.78$1.69$0.08
2015Detailed filing. Detailed filing data is available for this year.$10.4$0.50$9.85$1.59$1.69$0.10
2014Detailed filing. Detailed filing data is available for this year.$10.8$0.66$10.2$2.08$1.81$0.27
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$0.71$10.1$1.97$1.82$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$1.42$9.42$1.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.83$1.61$8.22$1.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$1.63$8.63$1.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 19, 2025
Return Version
2024v5.2
Gross Receipts
$6,194,356
Mission and Program Overview

Mission

Massachusetts biomedical initiatives (mbi) is a private non-profit corporation which provides life science incubator labs thereby supporting the growth and expansion of biotechnology and medical device companies, enhancing the status of massachusetts as the world leader in the medical industry. By creating the right environment for the biomedical industry to expand and grow, mbi has become a national model for leveraging public sector funds with private sector investments to fuel economic development.our goal is to assist in building the medical industry in massachusetts by promoting the commercialization of our region's academic and science research to develop new biotechnology, medical device, and pharmaceutical companies. We encourage entrepreneurs and work with establised companies to also expand existing operations.

Massachusetts biomedical initiatives (mbi) is dedicated to job creation and innovative healthcare throughout massachusetts by promoting the growth of start-up biomedical companies. Mbi is committed to collaborating with the academic, business and government communities to promote massachusetts as the world leader in the life & health sciences industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,207,635$15,544,326▼ $663,309
Investments in Publicly Traded Securities$9,531,124$10,685,447▲ $1,154,323
Savings and Temporary Cash Investments$2,561,928$3,622,039▲ $1,060,111
Pledges and Grants Receivable$197,500$475,000▲ $277,500
Cash and Non-Interest-Bearing Accounts$361,782$159,948▼ $201,834
Accounts Receivable$54,621$71,886▲ $17,265
Prepaid Expenses and Deferred Charges$27,368$29,967▲ $2,599
Total Assets$29,972,322$31,324,216▲ $1,351,894
Other Assets Total$1,030,364$735,603▼ $294,761
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,351,572$7,801,407▲ $449,835
Other Liabilities$1,666,670$1,397,021▼ $269,649
Accounts Payable and Accrued Expenses$26,323$55,675▲ $29,352
Deferred Revenue$46,687$53,236▲ $6,549
Total Liabilities$9,091,252$9,307,339▲ $216,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,746,070$21,941,877▲ $1,195,807
Net Assets With Donor Restrictions$135,000$75,000▼ $60,000
Total Net Assets Fund Balance$20,881,070$22,016,877▲ $1,135,807
Total Liabilities and Net Assets / Fund Balance$29,972,322$31,324,216▲ $1,351,894

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$14,134,374$4,159,603$18,293,977
Land$1,169,769-$1,169,769
Equipment$127,916$474,943$602,859
Other Land Buildings$112,267$48,577$160,844
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jon WeaverPresident & CEOFT$264,553$37,398$301,951
Zu ShenVice PresidentFT$191,357$29,930$221,287

Board Members and Trustees

NameTitle
Robert J Anderson CPAChairman
Chuck KunschVice Chairman
Philip R MorganVice Chairman
Allan GuoTrustee
Christopher M Palatucci PhdTrustee
D Davidson Easson JrTrustee
Imran NasrullahTrustee
Joe DohertyTrustee
Lauren FosterTrustee
Linda McgoldrickTrustee
Lizabeth LeveilleTrustee
Raymond KnoxTrustee
W Blaine Stine PhdTrustee
Abraham W Haddad Dmd FacdTrustee Emeritus
David R GrenonTrustee Emeritus
Shobha ParthasarathiClerk
John HallinanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,262,650
Program Service Revenue
$2,736,145
Investment Income
$1,217,294
Other Revenue
$113,595
All Other Contributions
$425,150
Change in Net Assets
$1,090,869

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,304,885
Revenue Not Reported on Financial Statements
$24,799
Revenue Not Reported on Form 990
$44,938
Total Revenue per Audited Statements
$5,349,823
Total Revenue per Form 990
$5,329,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,961,102
Salaries, Compensation, and Employee Benefits$1,040,785
Grants and Similar Amounts Paid$236,928
Total Fundraising Expense$149,974
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,014,393--$1,014,393
Occupancy$713,061--$713,061
Current Officers, Directors, Trustees, and Key Employees$370,636$72,046$13,228$455,910
Other Salaries and Wages$206,319$79,628$64,519$350,466
Interest$316,289--$316,289
Grants to Domestic Orgs$236,928--$236,928
Other Employee Benefits$123,961$32,588$16,704$173,253
Fees for Services Other$139,980$19,822-$159,802
All Other Expenses$96,883--$96,883
Other Expenses$18,557$81,909$49,627$81,909
Payroll Taxes$43,757$11,503$5,896$61,156
Insurance$59,700--$59,700
Fees for Services Accounting-$27,660-$27,660
Fees for Service Investment Mgmnt Fees-$24,799-$24,799
Office Expenses$11,108--$11,108
Information Technology$5,851--$5,851
Advertising-$4,423-$4,423
Fees for Services Legal-$3,882-$3,882
Total Functional Expenses$3,702,566$386,275$149,974$4,238,815

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,238,815
Expenses per Audited Statements$4,214,016
Total Expenses per Audited Statements$4,214,016
Expenses Not Reported on Financial Statements$24,799
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Biobuilder Educational Foundation IncNewton, MA501(c)(3)Stem Program$50,000
Quinsigamond Community CollegeWorcester, MA501(c)(3)Stem Program$50,000
Worcester State UniversityWorcester, MA501(c)(3)Stem Program$40,058
Massachusetts Biotechnology Education FoundationCambridge, MA501(c)(3)Biomanufacturing Technician Apprenticeship$25,000
Massachusetts Life Sciences CenterWaltham, MA501(c)(3)Massnextgen Program Grant$25,000
McphsBoston, MA-Certificate in Quality Assurance and Quality Control$21,870
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$749,970
Recoverable Grant$500,000
Rental Deposits$147,051
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is presented to the organization's board of directors and reviewed before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Each member of the board must fill out a conflict of interest form when they join the board and its updated yearly.”

Form 990, Part VI, Section B, Line 15A

“Members of the board of trustees can nominate candidates for a vote to reject or accept the candidate. Should no candidates be nominated and accepted, the board will form a sub-committee to find a new chief executive. The sub-committee may employ a search consultant to assist with a broad search. Interviews would be conducted by the sub-committee. The sub-committee then recommends a candidate to the full board of trustees who votes to reject or accept.”

Form 990, Part VI, Section C, Line 19

“The organziation's form 990 is filed with the public charities report.”

Filing and Contact Details

Filer

Filer Name
Massachusetts Biomedical Initiatives Inc
EIN
22-2636406
Phone
5087974200
Address
17 BRIDEN STREET, WORCESTER, MA 01605

Signing Officer

Name
Jon Weaver
Title
President & CEO
Phone
5089176471
Signed
2025-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Weaver
Formed
1984
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
17
Employees
6
Volunteers
0

Preparer

Firm
Bollus Lynch Llp
Address
89 SHREWSBURY STREET, WORCESTER, MA 01604
Preparer
Barbara E King
Phone
5087557107
Raw XML AppendixShowing 400 of 655 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0MASSACHUSETTS BIOMEDICAL INITIATIVES (MBI) IS DEDICATED TO JOB CREATION AND INNOVATIVE HEALTHCARE THROUGHOUT MASSACHUSETTS BY PROMOTING THE GROWTH OF START-UP BIOMEDICAL COMPANIES. MBI IS COMMITTED TO COLLABORATING WITH THE ACADEMIC, BUSINESS AND GOVERNMENT COMMUNITIES TO PROMOTE MASSACHUSETTS AS THE WORLD LEADER IN THE LIFE & HEALTH SCIENCES INDUSTRY.
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IRS990/Desc0MBI 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.
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IRS990/Form990PartVIISectionAGrp/PersonNm0CHUCK KUNSCH
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT J ANDERSON CPA
IRS990/Form990PartVIISectionAGrp/PersonNm2LAUREN FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm3JON WEAVER
IRS990/Form990PartVIISectionAGrp/PersonNm4LINDA MCGOLDRICK
IRS990/Form990PartVIISectionAGrp/PersonNm5ALLAN GUO
IRS990/Form990PartVIISectionAGrp/PersonNm6SHOBHA PARTHASARATHI
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN HALLINAN
IRS990/Form990PartVIISectionAGrp/PersonNm8LIZABETH LEVEILLE
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IRS990/Form990PartVIISectionAGrp/PersonNm10JOE DOHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm11CHRISTOPHER M PALATUCCI PHD
IRS990/Form990PartVIISectionAGrp/PersonNm12PHILIP R MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm13D DAVIDSON EASSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm14DAVID R GRENON
IRS990/Form990PartVIISectionAGrp/PersonNm15W BLAINE STINE PHD
IRS990/Form990PartVIISectionAGrp/PersonNm16IMRAN NASRULLAH
IRS990/Form990PartVIISectionAGrp/PersonNm17ABRAHAM W HADDAD DMD FACD
IRS990/Form990PartVIISectionAGrp/PersonNm18ZU SHEN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
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IRS990/MissionDesc0MASSACHUSETTS BIOMEDICAL INITIATIVES, INC. ("MBI OR THE ORGANIZATION") IS A PRIVATE NON-PROFIT CORPORATION FOCUSING ON BUILDING UP CENTRAL MASSACHUSETTS AS A GLOBAL BIOMANUFACTURING HUB. OUR MISSION OF BEING A PARTNER FOR FOSTERING INNOVATION IN THE LIFE SCIENCES IS FULFILLED THROUGH OUR EFFORTS IN STARTUP INCUBATION, WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, AND REGIONAL ADVOCACY.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0MASSACHUSETTS BIOMEDICAL INITIATIVES, INC. IS A PRIVATE, INDEPENDENT ECONOMIC DEVELOPMENT ORGANIZATION THAT SERVES AS A CATALYST FOR LIFE SCIENCE AND HEALTHCARE INNOVATION. THE ORGANIZATION HELPS START BIOMEDICAL COMPANIES AND CREATE JOBS WITHIN THE BIOTECHNOLOGY, MEDICAL DEVICE, INFORMATICS, AND BIOMANUFACTURING INDUSTRY BY PROVIDING SECURE, CLEAN BENCH AND SINK SURFACE, STAFF TRAINED AND FULLY LICENSED LABORATORY SPACE FOR USAGE BY "SEED STAGE" COMPANIES. BUILDING AND MAINTAINING COLLABORATIVE AFFILIATIONS AND PARTNERSHIPS ARE ESSENTIAL TO OUR SUCCESS. THE ORGANIZATION NORMALLY MEETS THE 33 1/3 PUBLIC SUPPORT TEST. THERE ARE APPROXIMATELY 22 TRUSTEES OF THE ORGANIZATION CONSISTING OF LOCAL PROFESSIONALS, CIVIC AND COMMUNITY LEADERS. DURING THE YEAR ENDED DECEMBER 31, 2020, THE ORGANIZATION RECEIVED A GRANT FOR CAPITAL IMPROVEMENTS OF APPROXIMATELY $3 MILLION.
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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02535620
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt010805270

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