Mansfield Bio-Incubator Inc
- Assets
- $4.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Mansfield, MA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1570605
Organization Overview
Mansfield Bio-Incubator Inc is located in Mansfield, MA. The organization was established in 2015. According to its NTEE Classification (U02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mansfield Bio-Incubator Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mansfield Bio-Incubator Inc generated $3.4m in total revenue. All expenses for the organization totaled $296.7k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN THE GENERATION OF INNOVATIVE RESEARCH AND EDUCATION IN THE FIELDS OF BIOTECHNOLOGY, MEDICAL AND LIFE SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF LABATORY AND RELATED SPACE TO ASSIST IN THE GENERATION OF INNOVATIVE RESEARCH AND EDUCATION IN THE FIELDS OF BIOTECHNOLOGY, MEDICAL AND LIFE SCIENCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Margulis Chief Operating Officer | Trustee | 20 | $28,313 |
Rustam Yukhananov President | OfficerTrustee | 35 | $0 |
Richard Sousa Director | Trustee | 5 | $0 |
Vitaly Polunovsky Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,360 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,974,538 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,977,898 |
| Total Program Service Revenue | $374,105 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,352,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,313 |
| Compensation of current officers, directors, key employees. | $2,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,660 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,709 |
| Office expenses | $467 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $235 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,804 |
| Insurance | $1,080 |
| All other expenses | $9,635 |
| Total functional expenses | $296,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,044,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,246,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,000 |
| Total assets | $4,316,078 |
| Accounts payable and accrued expenses | $572,899 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $497,965 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $33,750 |
| Total liabilities | $1,104,614 |
| Net assets without donor restrictions | $2,895,577 |
| Net assets with donor restrictions | $315,887 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,316,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mansfield Bio-Incubator Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lab Central Inc Cambridge, MA | $43,646,817 | $21,795,021 |
American Council Of Engineering Companies Of New York Inc Albany, NY | $2,215,445 | $2,540,731 |
Mansfield Bio-Incubator Inc Mansfield, MA | $4,316,078 | $3,352,003 |
Jonathan F Reichert Foundation Inc Buffalo, NY | $2,784,945 | $134,464 |
Medilytix Inc Lincoln, MA | $485 | $0 |