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Employer Identification Number 22-2636406

MASSACHUSETTS BIOMEDICAL INITIATIVES is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MASSACHUSETTS BIOMEDICAL INITIATIVES
Employer identification number (EIN):22-2636406
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services
401k Pension/Benefits registration MASSACHUSETTS BIOMEDICAL INITIATIVES 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementMASSACHUSETTS 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.
Number of Employees4
Number of Volunteers0
Year Formed1984

Organization Governance

Legal DomicileMA
Voting Members - Governing Body28
Voting Members - Independent27

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,477,782
Program Service Revenue from current yearUSD $ 2,360,773
Investment Income from prior yearUSD $ 263,138
Investment Income from current yearUSD $ 359,181
Other Revenue from prior yearUSD $ 56,853
Other Revenue from current yearUSD $ 119,100
Gross receipts from all sourcesUSD $ 6,384,205
Net assets / fund balances at end of fiscal yearUSD $ 20,887,232
Net assets / fund balances at beginning of fiscal yearUSD $ 16,890,937
Total liabilities at end of fiscal yearUSD $ 9,085,090
Total liabilities at beginning of fiscal yearUSD $ 6,820,626
Total assets at end of fiscal yearUSD $ 29,972,322
Total assets at beginning of fiscal yearUSD $ 23,711,563
Revenues less expenses for current yearUSD $ 2,794,990
Revenues less expenses for previous yearUSD $ 1,337,452
Total expenses for current yearUSD $ 3,568,461
Total expenses for previous yearUSD $ 3,413,396
Other expenses in current yearUSD $ 2,329,920
Other expenses in previous yearUSD $ 2,322,013
Total fundraising expenses in current yearUSD $ 19,011
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 951,041
Employee salary and benefits paid in previous yearUSD $ 872,633
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 287,500
Grants and similar amounts paid in previous yearUSD $ 218,750
Total revenue in current fiscal yearUSD $ 6,363,451
Total revenue in previous fiscal yearUSD $ 4,750,848
Contributions and grants from current yearUSD $ 3,524,397
Contributions and grants from previous yearUSD $ 1,953,075
Total of other revenueUSD $ 119,100
2022-12-31
Total unrelated business incomeUSD $ 1,192
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,998,725
Program Service Revenue from current yearUSD $ 2,477,782
Investment Income from prior yearUSD $ 1,325,592
Investment Income from current yearUSD $ 263,138
Other Revenue from prior yearUSD $ 57,213
Other Revenue from current yearUSD $ 56,853
Gross receipts from all sourcesUSD $ 4,770,955
Net assets / fund balances at end of fiscal yearUSD $ 16,890,937
Net assets / fund balances at beginning of fiscal yearUSD $ 17,841,227
Total liabilities at end of fiscal yearUSD $ 6,820,626
Total liabilities at beginning of fiscal yearUSD $ 671,861
Total assets at end of fiscal yearUSD $ 23,711,563
Total assets at beginning of fiscal yearUSD $ 18,513,088
Revenues less expenses for current yearUSD $ 1,337,452
Revenues less expenses for previous yearUSD $ 1,469,718
Total expenses for current yearUSD $ 3,413,396
Total expenses for previous yearUSD $ 2,865,540
Other expenses in current yearUSD $ 2,322,013
Other expenses in previous yearUSD $ 1,919,559
Total fundraising expenses in current yearUSD $ 16,301
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 872,633
Employee salary and benefits paid in previous yearUSD $ 664,731
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 218,750
Grants and similar amounts paid in previous yearUSD $ 281,250
Total revenue in current fiscal yearUSD $ 4,750,848
Total revenue in previous fiscal yearUSD $ 4,335,258
Contributions and grants from current yearUSD $ 1,953,075
Contributions and grants from previous yearUSD $ 953,728
Total of other revenueUSD $ 56,853
2021-12-31
Total unrelated business incomeUSD $ 588,687
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,231,845
Program Service Revenue from current yearUSD $ 1,998,725
Investment Income from prior yearUSD $ 760,460
Investment Income from current yearUSD $ 1,325,592
Other Revenue from prior yearUSD $ 30,131
Other Revenue from current yearUSD $ 57,213
Gross receipts from all sourcesUSD $ 5,986,861
Net assets / fund balances at end of fiscal yearUSD $ 17,841,227
Net assets / fund balances at beginning of fiscal yearUSD $ 16,697,318
Total liabilities at end of fiscal yearUSD $ 671,861
Total liabilities at beginning of fiscal yearUSD $ 842,291
Total assets at end of fiscal yearUSD $ 18,513,088
Total assets at beginning of fiscal yearUSD $ 17,539,609
Revenues less expenses for current yearUSD $ 1,469,718
Revenues less expenses for previous yearUSD $ 3,739,756
Total expenses for current yearUSD $ 2,865,540
Total expenses for previous yearUSD $ 2,219,087
Other expenses in current yearUSD $ 1,919,559
Other expenses in previous yearUSD $ 1,455,339
Total fundraising expenses in current yearUSD $ 13,980
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 664,731
Employee salary and benefits paid in previous yearUSD $ 576,248
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 281,250
Grants and similar amounts paid in previous yearUSD $ 187,500
Total revenue in current fiscal yearUSD $ 4,335,258
Total revenue in previous fiscal yearUSD $ 5,958,843
Contributions and grants from current yearUSD $ 953,728
Contributions and grants from previous yearUSD $ 3,936,407
Gross income from fundraising eventsUSD $ 1,500
Total of other revenueUSD $ 59,363
2020-12-31
Total unrelated business incomeUSD $ 281,957
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,016,968
Program Service Revenue from current yearUSD $ 1,231,845
Investment Income from prior yearUSD $ 752,686
Investment Income from current yearUSD $ 760,460
Other Revenue from prior yearUSD $ 10,954
Other Revenue from current yearUSD $ 30,131
Gross receipts from all sourcesUSD $ 6,682,830
Net assets / fund balances at end of fiscal yearUSD $ 16,697,318
Net assets / fund balances at beginning of fiscal yearUSD $ 12,042,614
Total liabilities at end of fiscal yearUSD $ 842,291
Total liabilities at beginning of fiscal yearUSD $ 796,060
Total assets at end of fiscal yearUSD $ 17,539,609
Total assets at beginning of fiscal yearUSD $ 12,838,674
Revenues less expenses for current yearUSD $ 3,739,756
Revenues less expenses for previous yearUSD $ 953,497
Total expenses for current yearUSD $ 2,219,087
Total expenses for previous yearUSD $ 1,863,460
Other expenses in current yearUSD $ 1,455,339
Other expenses in previous yearUSD $ 1,001,423
Total fundraising expenses in current yearUSD $ 21,849
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 576,248
Employee salary and benefits paid in previous yearUSD $ 587,037
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 187,500
Grants and similar amounts paid in previous yearUSD $ 275,000
Total revenue in current fiscal yearUSD $ 5,958,843
Total revenue in previous fiscal yearUSD $ 2,816,957
Contributions and grants from current yearUSD $ 3,936,407
Contributions and grants from previous yearUSD $ 1,036,349
Gross income from fundraising eventsUSD $ 10,750
Total of other revenueUSD $ 26,381
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 941,268
Program Service Revenue from current yearUSD $ 1,016,968
Investment Income from prior yearUSD $ 542,384
Investment Income from current yearUSD $ 752,686
Other Revenue from prior yearUSD $ 9,780
Other Revenue from current yearUSD $ 10,954
Gross receipts from all sourcesUSD $ 4,606,356
Net assets / fund balances at end of fiscal yearUSD $ 12,042,614
Net assets / fund balances at beginning of fiscal yearUSD $ 10,050,243
Total liabilities at end of fiscal yearUSD $ 796,060
Total liabilities at beginning of fiscal yearUSD $ 253,024
Total assets at end of fiscal yearUSD $ 12,838,674
Total assets at beginning of fiscal yearUSD $ 10,303,267
Revenues less expenses for current yearUSD $ 953,497
Revenues less expenses for previous yearUSD $ 96,752
Total expenses for current yearUSD $ 1,863,460
Total expenses for previous yearUSD $ 1,646,142
Other expenses in current yearUSD $ 1,001,423
Other expenses in previous yearUSD $ 971,568
Total fundraising expenses in current yearUSD $ 17,831
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 587,037
Employee salary and benefits paid in previous yearUSD $ 674,574
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 275,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,816,957
Total revenue in previous fiscal yearUSD $ 1,742,894
Contributions and grants from current yearUSD $ 1,036,349
Contributions and grants from previous yearUSD $ 249,462
Gross income from fundraising eventsUSD $ 18,098
Total of other revenueUSD $ 5,305
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,006,241
Program Service Revenue from current yearUSD $ 941,268
Investment Income from prior yearUSD $ 552,006
Investment Income from current yearUSD $ 542,384
Other Revenue from prior yearUSD $ 29,883
Other Revenue from current yearUSD $ 9,780
Gross receipts from all sourcesUSD $ 2,849,996
Net assets / fund balances at end of fiscal yearUSD $ 10,050,243
Net assets / fund balances at beginning of fiscal yearUSD $ 11,306,434
Total liabilities at end of fiscal yearUSD $ 253,024
Total liabilities at beginning of fiscal yearUSD $ 122,699
Total assets at end of fiscal yearUSD $ 10,303,267
Total assets at beginning of fiscal yearUSD $ 11,429,133
Revenues less expenses for current yearUSD $ 96,752
Revenues less expenses for previous yearUSD $ 269,321
Total expenses for current yearUSD $ 1,646,142
Total expenses for previous yearUSD $ 1,605,347
Other expenses in current yearUSD $ 971,568
Other expenses in previous yearUSD $ 1,040,558
Total fundraising expenses in current yearUSD $ 25,822
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 674,574
Employee salary and benefits paid in previous yearUSD $ 564,789
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,742,894
Total revenue in previous fiscal yearUSD $ 1,874,668
Contributions and grants from current yearUSD $ 249,462
Contributions and grants from previous yearUSD $ 286,538
Gross income from fundraising eventsUSD $ 18,950
Total of other revenueUSD $ 2,770
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,201,192
Program Service Revenue from current yearUSD $ 1,006,241
Investment Income from prior yearUSD $ 238,200
Investment Income from current yearUSD $ 552,006
Other Revenue from prior yearUSD $ 72,708
Other Revenue from current yearUSD $ 29,883
Gross receipts from all sourcesUSD $ 2,694,360
Net assets / fund balances at end of fiscal yearUSD $ 11,306,434
Net assets / fund balances at beginning of fiscal yearUSD $ 10,106,724
Total liabilities at end of fiscal yearUSD $ 122,699
Total liabilities at beginning of fiscal yearUSD $ 176,115
Total assets at end of fiscal yearUSD $ 11,429,133
Total assets at beginning of fiscal yearUSD $ 10,282,839
Revenues less expenses for current yearUSD $ 269,321
Revenues less expenses for previous yearUSD $ 82,933
Total expenses for current yearUSD $ 1,605,347
Total expenses for previous yearUSD $ 1,693,667
Other expenses in current yearUSD $ 1,040,558
Other expenses in previous yearUSD $ 1,158,913
Total fundraising expenses in current yearUSD $ 24,148
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 564,789
Employee salary and benefits paid in previous yearUSD $ 530,754
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 4,000
Total revenue in current fiscal yearUSD $ 1,874,668
Total revenue in previous fiscal yearUSD $ 1,776,600
Contributions and grants from current yearUSD $ 286,538
Contributions and grants from previous yearUSD $ 264,500
Gross income from fundraising eventsUSD $ 20,475
Total of other revenueUSD $ 15,651
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,133,532
Program Service Revenue from current yearUSD $ 1,201,192
Investment Income from prior yearUSD $ 257,336
Investment Income from current yearUSD $ 238,200
Other Revenue from prior yearUSD $ 75,985
Other Revenue from current yearUSD $ 72,708
Gross receipts from all sourcesUSD $ 2,470,498
Net assets / fund balances at end of fiscal yearUSD $ 10,106,724
Net assets / fund balances at beginning of fiscal yearUSD $ 9,854,642
Total liabilities at end of fiscal yearUSD $ 176,115
Total liabilities at beginning of fiscal yearUSD $ 500,223
Total assets at end of fiscal yearUSD $ 10,282,839
Total assets at beginning of fiscal yearUSD $ 10,354,865
Revenues less expenses for current yearUSD $ 82,933
Revenues less expenses for previous yearUSD $ -96,269
Total expenses for current yearUSD $ 1,693,667
Total expenses for previous yearUSD $ 1,688,122
Other expenses in current yearUSD $ 1,158,913
Other expenses in previous yearUSD $ 1,229,765
Total fundraising expenses in current yearUSD $ 22,991
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 530,754
Employee salary and benefits paid in previous yearUSD $ 458,357
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 4,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,776,600
Total revenue in previous fiscal yearUSD $ 1,591,853
Contributions and grants from current yearUSD $ 264,500
Contributions and grants from previous yearUSD $ 125,000
Gross income from fundraising eventsUSD $ 17,975
Total of other revenueUSD $ 60,100
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,311,363
Program Service Revenue from current yearUSD $ 1,133,532
Investment Income from prior yearUSD $ 646,342
Investment Income from current yearUSD $ 257,336
Other Revenue from prior yearUSD $ 1,682
Other Revenue from current yearUSD $ 75,985
Gross receipts from all sourcesUSD $ 3,152,345
Net assets / fund balances at end of fiscal yearUSD $ 9,854,642
Net assets / fund balances at beginning of fiscal yearUSD $ 10,150,327
Total liabilities at end of fiscal yearUSD $ 500,223
Total liabilities at beginning of fiscal yearUSD $ 656,895
Total assets at end of fiscal yearUSD $ 10,354,865
Total assets at beginning of fiscal yearUSD $ 10,807,222
Revenues less expenses for current yearUSD $ -96,269
Revenues less expenses for previous yearUSD $ 270,375
Total expenses for current yearUSD $ 1,688,122
Total expenses for previous yearUSD $ 1,814,012
Other expenses in current yearUSD $ 1,229,765
Other expenses in previous yearUSD $ 1,415,115
Total fundraising expenses in current yearUSD $ 24,917
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 458,357
Employee salary and benefits paid in previous yearUSD $ 398,897
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 1,591,853
Total revenue in previous fiscal yearUSD $ 2,084,387
Contributions and grants from current yearUSD $ 125,000
Contributions and grants from previous yearUSD $ 125,000
Total of other revenueUSD $ 75,985
2014-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 1,329,032
Program Service Revenue from current yearUSD $ 1,311,363
Investment Income from prior yearUSD $ 391,310
Investment Income from current yearUSD $ 646,342
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 1,682
Gross receipts from all sourcesUSD $ 4,646,970
Net assets / fund balances at end of fiscal yearUSD $ 10,150,327
Net assets / fund balances at beginning of fiscal yearUSD $ 10,096,180
Total liabilities at end of fiscal yearUSD $ 656,895
Total liabilities at beginning of fiscal yearUSD $ 707,598
Total assets at end of fiscal yearUSD $ 10,807,222
Total assets at beginning of fiscal yearUSD $ 10,803,778
Revenues less expenses for current yearUSD $ 270,375
Revenues less expenses for previous yearUSD $ 150,897
Total expenses for current yearUSD $ 1,814,012
Total expenses for previous yearUSD $ 1,819,445
Other expenses in current yearUSD $ 1,415,115
Other expenses in previous yearUSD $ 1,435,138
Total fundraising expenses in current yearUSD $ 33,165
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 398,897
Employee salary and benefits paid in previous yearUSD $ 384,307
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 2,084,387
Total revenue in previous fiscal yearUSD $ 1,970,342
Contributions and grants from current yearUSD $ 125,000
Contributions and grants from previous yearUSD $ 250,000
Total of other revenueUSD $ 1,682

Other Company Names associated with EIN

MASSACHUSETTS BIOMEDICAL INITIATIVES INC

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 222636406

USA Mailing Address
60 PRESCOTT STREET
WORCESTER
MA
01605
Date first seen: 2007-01-01
Date last seen: 2024-06-30
USA Location Address
60 PRESCOTT STREET
WORCESTER
MA
01605
Date first seen: 2007-01-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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