Pittsburgh Life Sciences Greenhouse

“Mpc corporation is the sole member.”

“Plsg's by-laws provide for mpc corporation to elect the board of directors. Mpc corporation is the sole member of plsg and is owned solely by the university of pittsburgh and carnegie mellon university. The pa secretary of the department of community and economic development and the pa secretary of health serve as ex-officio directors.”

“Mpc corporation's approval is required to remove a director and to amend, alter, or repeal plsg's bylaws.”

“The form 990 is initially prepared by the organization's certified public accounting firm. The form 990 is then reviewed in detail by the organization's chief executive officer, and audit committee prior to filing with the internal revenue service. The full board of directors is presented with the approved form 990's at the following board meeting after filing.”

“All officers, directors and employees are covered by the organization's conflict of interest policy & are required to promptly notify the organization of any conflict of interest. They are also required annually to complete a conflict of interest questionnaire. These questionnaires are reviewed by management. Individuals are prohibited from participating in decision making for transactions where there appears to be a conflict of interest.”

“The board of directors has delegated to the compensation committee the review and approval of the compensation of the chief executive officer, other officers and employees. This committee is comprised of predominantly independent directors who annually review compensation data of similarly qualified individuals in functionally comparable positions in similar organizations. Decisions of the committee are contemporaneously documented.”

“All documents are available upon request from the president.”

“All documents are available upon request from the president.”

“On november 18, 2025, the board of directors formally approved a resolution to cease operations and liquidate the organization as soon as administratively possible. As a result, management determined that liquidation is imminent, and the organization has therefore changed its basis of accounting for periods subsequent to november 18, 2025 from the ongoing accrual basis of accounting to the liquidation basis of accounting. The plan of dissolution included several tasks related to transfer of assets and liabilities, including personnel transition. Following liquidation, all remaining asset amounts related to future years' programs will be transferred and/or paid on november 25, 2025 to the richard king mellon foundation, a pennsylvania nonprofit corporation and the mccune foundation, a trust under pennsylvania law, as part of the dissolution.”

“Consulting fees: program service expenses 12,020. Management and general expenses 88,144. Fundraising expenses 0. Total expenses 100,164. Other professional fees: program service expenses 179. Management and general expenses 1,315. Fundraising expenses 0. Total expenses 1,494. Payroll processing: program service expenses 28. Management and general expenses 222. Fundraising expenses 0. Total expenses 250.”

“Change in net assets due to liquidation -31,875.”