NonprofitsMassachusetts Biomedical Initiatives

Science & Technology

Massachusetts Biomedical Initiatives

WORCESTER, MA

Total revenue

$5.3M

Total expenses

$4.2M

Net assets

$22.0M

Grants received

$55K

3 grants

EIN

222636406

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants$1.3M
Program service revenue$2.7M
Investment income$1.2M
Other revenue$114K
Total revenue$5.3M

Expenses

Grants paid$237K
Salaries & benefits$1.0M
Fundraising$150K
Other expenses$3.0M
Total expenses$4.2M
Total assets$31.3M
Net assets$22.0M

People

19 listed

NameRoleCompensation

JON WEAVER

PRESIDENT & CEO

Board

$265K

40 hrs/wk

LAUREN FOSTER

TRUSTEE

Board

2 hrs/wk

LINDA MCGOLDRICK

TRUSTEE

Board

2 hrs/wk

ALLAN GUO

TRUSTEE

Board

2 hrs/wk

SHOBHA PARTHASARATHI

CLERK

Board

2 hrs/wk

JOHN HALLINAN

TREASURER

Board

2 hrs/wk

LIZABETH LEVEILLE

TRUSTEE

Board

2 hrs/wk

CHUCK KUNSCH

VICE CHAIRMAN

Board

2 hrs/wk

JOE DOHERTY

TRUSTEE

Board

2 hrs/wk

CHRISTOPHER M PALATUCCI PHD

TRUSTEE

Board

2 hrs/wk

PHILIP R MORGAN

VICE CHAIRMAN

Board

2 hrs/wk

D DAVIDSON EASSON JR

TRUSTEE

Board

2 hrs/wk

DAVID R GRENON

TRUSTEE EMERITUS

Board

2 hrs/wk

W BLAINE STINE PHD

TRUSTEE

Board

2 hrs/wk

IMRAN NASRULLAH

TRUSTEE

Board

2 hrs/wk

ABRAHAM W HADDAD DMD FACD

TRUSTEE EMERITUS

Board

2 hrs/wk

RAYMOND KNOX

TRUSTEE

Board

2 hrs/wk

ROBERT J ANDERSON CPA

CHAIRMAN

Board

2 hrs/wk

ZU SHEN

VICE PRESIDENT

Staff

$191K

40 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$5K
CHARITABLE CONTRIBUTION
2022
$200
CHARITABLE CONTRIBUTION
2020

Funded by

$55K from 2 funders · 3 grants · 2020–2023

David R Grenon Family Foundation

$5K · 2 grants · 2020–2022

Details

EIN222636406
NTEE codeU500
Subsection03
Ruling date1985-12
Formed1984
Employees6
Volunteers0
MASSACHUSETTS BIOMEDICAL INITIATIVES — Mission, Financials & Grants Received | Grantivo