NonprofitsLaunchbio Inc

Science & Technology

Launchbio Inc

SAN DIEGO, CA

Total revenue

$833K

Total expenses

$706K

Net assets

$329K

Grants received

$257K

6 grants

EIN

474851964

Tax year

2024

Mission

Launchbio, inc. Is a nonprofit organization dedicated to identifying, counseling, and supporting high-growth, high-impact life science and biotechnology companies. Its mission is to build an ecosystem of innovation that advances human health and well-being by connecting biotech entrepreneurs with critical resourcesknowledge, capital, and talentacross the nation's leading life science hubs. Launchbio fosters collaboration, strengthens entrepreneurial ecosystems, and promotes equitable access to opportunities within the biotech community, with a commitment to diversity and inclusiveness as foundational principles.

Financials

FY 2024

Revenue

Contributions & grants$813K
Program service revenue$21K
Investment income
Other revenue
Total revenue$833K

Expenses

Grants paid
Salaries & benefits$181K
Fundraising
Other expenses$525K
Total expenses$706K
Total assets$342K
Net assets$329K

People

6 listed

NameRoleCompensation

BECKY BEATTIE

CEO

Board

$120K

40 hrs/wk

MICHAEL HOSTETLER

PRESIDENT

Board

4 hrs/wk

JOHN FREEMAN

TREASURER

Board

4 hrs/wk

TIA WILLIAMS

SECRETARY

Board

4 hrs/wk

KATHLEEN GIBSON

DIRECTOR

Board

4 hrs/wk

ANTON XAVIER

DIRECTOR

Board

4 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$165K
TO ASSESS THE FEASIBILITY OF A CO-WORKING WET LAB SPACE IN PITTSBURGH FOR LIFE SCIENCE STARTUPS
2024
$8K
COMMUNITY EVENT
2024
$19K
MEDICAL / PUBLIC SERVICES
2023
$35K
For grant recipient's exempt purposes
2020
$10K
GENERAL SUPPPORT
2019
$20K
GENERAL PURPOSE
2018

Funded by

$257K from 6 funders · 6 grants · 2018–2024

Richard King Mellon Foundation

$165K · 1 grant · 2024

Triangle Community Foundation Inc

$20K · 1 grant · 2018

Gs Donor Advised Philanthropy Fund

$19K · 1 grant · 2023

Duke University

$10K · 1 grant · 2019

Southwestern Medical Foundation

$8K · 1 grant · 2024

Details

EIN474851964
NTEE codeU02
Subsection03
Ruling date2016-05
Formed2015
Employees2
Volunteers0
LAUNCHBIO INC — Mission, Financials & Grants Received | Grantivo