Civic Intelligence

Nucleate Bio Inc.

990 • Fiscal year 2025 • EIN 86-3225994

Jan 01, 2025 to Aug 31, 2025

88 Gordon Street 401Brighton, MA 02135

(617) 872-2952

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.36x

Higher debt load relative to assets than 79% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

16th percentile

-13%

Higher net margin than 16% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

4th percentile

-26%

Faster asset growth than 4% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$771,653

Down $275,252 (-26%) from 2024

Net Assets

Down

$495,176

Down $232,646 (-32%) from 2024

Liabilities

Down

$276,477

Down $42,606 (-13%) from 2024

Revenue

Down

$1,759,669

Down $658,719 (-27%) from 2024

Expenses

Down

$1,992,315

Down $212,558 (-9.6%) from 2024

Net Income

Down

-$232,646

Down $446,161 (-209%) from 2024

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2021: $254,780Liabilities 2021: $151,759Net Assets 2021: $103,0212021Assets 2022: $659,215Liabilities 2022: $339,310Net Assets 2022: $319,9052022Assets 2023: $743,650Liabilities 2023: $229,343Net Assets 2023: $514,3072023Assets 2024: $1,046,905Liabilities 2024: $319,083Net Assets 2024: $727,8222024Assets 2025: $771,653Liabilities 2025: $276,477Net Assets 2025: $495,1762025

Highlighted filing

2025

Assets$771,653
Liabilities$276,477
Net Assets$495,176

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $131,502Expenses 2021: $28,481Net Income 2021: $103,0212021Revenue 2022: $1,199,698Expenses 2022: $982,814Net Income 2022: $216,8842022Revenue 2023: $2,574,023Expenses 2023: $2,379,621Net Income 2023: $194,4022023Revenue 2024: $2,418,388Expenses 2024: $2,204,873Net Income 2024: $213,5152024Revenue 2025: $1,759,669Expenses 2025: $1,992,315Net Income 2025: -$232,6462025

Highlighted filing

2025

Revenue$1,759,669
Expenses$1,992,315
Net Income-$232,646
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Aug 31, 2025
Signed
Mar 31, 2026
Return Version
2025v4.1
Gross Receipts
$1,759,669
Mission and Program Overview

Mission

Empower tomorrow's biotech leaders by educating today's acedemic trainees

To empower tomorrow's biotech leaders by educating today's academic trainees

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$650,987$541,419▼ $109,568
Cash and Non-Interest-Bearing Accounts$168,954$116,586▼ $52,368
Pledges and Grants Receivable$226,964$113,648▼ $113,316
Total Assets$1,046,905$771,653▼ $275,252
Liabilities
Deferred Revenue$310,108$270,514▼ $39,594
Accounts Payable and Accrued Expenses$8,975$5,963▼ $3,012
Total Liabilities$319,083$276,477▼ $42,606
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$426,338$365,646▼ $60,692
Net Assets With Donor Restrictions$301,484$129,530▼ $171,954
Total Net Assets Fund Balance$727,822$495,176▼ $232,646
Total Liabilities and Net Assets / Fund Balance$1,046,905$771,653▼ $275,252
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,734,138
Program Service Revenue
$0
Investment Income
$11,941
Other Revenue
$13,590
All Other Contributions
$1,734,138
Change in Net Assets
$-232,646

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,759,669
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,759,669
Total Revenue per Form 990
$1,759,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,323,015
Salaries, Compensation, and Employee Benefits$602,530
Grants and Similar Amounts Paid$66,770
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$274,842$117,790-$392,632
Travel$296,555--$296,555
Current Officers, Directors, Trustees, and Key Employees$108,675$46,575-$155,250
Other Expenses$121,379--$121,379
Information Technology$98,088--$98,088
Fees for Services Accounting-$76,609-$76,609
Fees for Services Other$46,627--$46,627
Office Expenses$27,022$15,867-$42,889
Payroll Taxes$26,374$11,303-$37,677
Grants to Domestic Individuals$30,600--$30,600
Foreign Grants$26,170--$26,170
Fees for Services Legal-$22,330-$22,330
Other Employee Benefits$8,573$3,673-$12,246
Grants to Domestic Orgs$10,000--$10,000
Advertising$5,762--$5,762
Pension Plan Contributions$3,307$1,418-$4,725
Total Functional Expenses$1,696,750$295,565$0$1,992,315

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,992,315
Total Expenses per Audited Statements$1,992,315
Total Expenses per Form 990$1,992,315
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Damon Runyon Cancer Research FoundationNew York, NY501(c)3Supporting Innovation in the Cancer Research Space$10,000

International Summary

Offices
0
Employees
1
Spending
$543,272

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgramming and Fund Raising for Chapter EventsNucleate Uk Provides Educational Programming for Biotech Founders Including Modules on Pitching, Mentor Opportunities, Networking Opportunities, and Hackathons01$543,272
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

A copy of the 990 is provided to the organization's governing board prior to being filed for their review.

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

The conflict of interest policy is self monitored by individual board members and has oversight by the board members.

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

The process for determining compensation for the executive director includes review by independent persons, comparability data and contemporaneous substantiation of the deliberation and decision.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Nucleate Bio Inc
EIN
86-3225994
Phone
6178722952
Address
88 GORDON STREET 401, BRIGHTON, MA 02135

Signing Officer

Name
Oliver Dodd
Title
Treasurer
Phone
7039448324
Signed
2026-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Oliver Dodd
Formed
2021
Legal Domicile
Ma
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
1,000

Preparer

Firm
Whittlesey Pc
Address
14 BOBALA RD, HOLYOKE, MA 01040
Preparer
Thomas Dowling
Phone
4135363970
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

The organization did not change its oversight or selection process during the year

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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/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EMPOWER TOMORROW'S BIOTECH LEADERS BY EDUCATING TODAY'S ACEDEMIC TRAINEES
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0727822
IRS990/NetAssetsOrFundBalancesEOYAmt0495176
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0426338
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0365646
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015867
IRS990/OfficeExpensesGrp/ProgramServicesAmt027022
IRS990/OfficeExpensesGrp/TotalAmt042889
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03673
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08573
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012246
IRS990/OtherExpensesGrp/Desc0EVENTS/PROGRAMS
IRS990/OtherExpensesGrp/Desc1MEALS
IRS990/OtherExpensesGrp/Desc2AWARDS/PRIZES
IRS990/OtherExpensesGrp/ProgramServicesAmt0454613
IRS990/OtherExpensesGrp/ProgramServicesAmt1158163
IRS990/OtherExpensesGrp/ProgramServicesAmt2121379
IRS990/OtherExpensesGrp/TotalAmt0454613
IRS990/OtherExpensesGrp/TotalAmt1158163
IRS990/OtherExpensesGrp/TotalAmt2121379
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt013590
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013590
IRS990/OtherRevenueTotalAmt013590
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0117790
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0274842
IRS990/OtherSalariesAndWagesGrp/TotalAmt0392632
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011303
IRS990/PayrollTaxesGrp/ProgramServicesAmt026374
IRS990/PayrollTaxesGrp/TotalAmt037677
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01418
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03307
IRS990/PensionPlanContributionsGrp/TotalAmt04725
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0226964
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0113648
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0OLIVER DODD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0276246
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt097610
IRS990/PYInvestmentIncomeAmt014062
IRS990/PYOtherExpensesAmt01677772
IRS990/PYOtherRevenueAmt020195
IRS990/PYProgramServiceRevenueAmt02107885
IRS990/PYRevenuesLessExpensesAmt0213515
IRS990/PYSalariesCompEmpBnftPaidAmt0429491
IRS990/PYTotalExpensesAmt02204873
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02418388
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-232646
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013590
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0650987
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0541419
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0EFFECTIVE AUGUST 31, 2025, THE ORGANIZATION CHANGED ITS FISCAL YEAR-END FROM DECEMBER 31 TO AUGUST 31 FOR FINANCIAL PLANNING, REPORTING ALIGNMENT AND OPERATIONAL CLARITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01734138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02437960
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02552896
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01189546
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0131470
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08046010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt011941
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt032
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt026035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt011941
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014062
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt032
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt026035
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013590
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt020195
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt021128
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt010151
IRS990ScheduleA/OtherIncome509Grp/TotalAmt065064
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt08046010
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01734138
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02437960
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02552896
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01189546
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0131470
IRS990ScheduleA/Total509Grp/TotalAmt08046010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01759669
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02472217
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02574024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01199697
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0131502
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08137109
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01992315
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01759669
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01992315
IRS990ScheduleD/TotalRevenuePerForm990Amt01759669
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01759669
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01992315
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0543272
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0NUCLEATE UK PROVIDES EDUCATIONAL PROGRAMMING FOR BIOTECH FOUNDERS INCLUDING MODULES ON PITCHING, MENTOR OPPORTUNITIES, NETWORKING OPPORTUNITIES, AND HACKATHONS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAMMING AND FUND RAISING FOR CHAPTER EVENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt018000
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt18170
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0WIRE PAYMENT
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1WIRE PAYMENT
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt05
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt14
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0VENTURE
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1DOJO
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00

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