EIN 81-2435939

Life Science Cares

IRS 501(c) type
501(c)(3)
Num. employees
30
Year formed
2016
Most recent tax filings
2023-12-01
Description
Life Science Cares is a collective effort of the life science industry to eliminate the impact of poverty on our neighbors in the Boston, Philadelphia, San Diego and San Francisco Bay areas. The organization provides human capital, in-kind donations and financial resources (donations/grants) to local partner service organizations that have the same common goal to help fight poverty in the surrounding communities.
Total revenues
$9,986,155
2023
Total expenses
$9,856,770
2023
Total assets
$11,095,745
2023
Num. employees
30
2023

Program areas at Life Science Cares

Service organization support: Life Science Cares, Inc. Provides human capital, in-kind donations and financial resources (donations / grants) to local partner service organizations that have the same common goal, to help fight poverty in the surrounding community.annual grantmaking: lsc provides grants to carefully vetted, local nonprofit organizations doing critical work that best aligns with our focus areas. Basic needs - access to food, healthcare, mental health services, and safe shelter education - access to learning critical skills in school, stem programs, and higher education opportunity - access to jobs and mentorship, helping vulnerable adults to earn a living wage health equity - innovative, community-based solutions that improve health outcomes and foster vibrant, resilient communitiescommunity engagement: lsc builds deep relationships with grantees and contributes service via volunteerism. The organization works closely with corporate partners to create community engagement plans for staff.thought partnership: lsc helps to bring big ideas to Life through active thought partnership amongst industry leaders, nonprofit partners, and our strategic fundraising efforts.building equity: lsc's programs aim to build equity in our communities. Project onramp connects under-resourced college students with paid summer internships in the Life sciences, helping to bridge the opportunity gap for promising young people. The organization partners with biotech and pharma companies, allowing students to access relevant work experience, explore career paths, and build networks.one-to-one - a curated networking platform that supports under-resourced students and job seekers to build social capital within the industry.since its founding in 2016, lsc has partnered with Life Science companies across the country and made grants to many deserving nonprofits. "caring actively" makes a difference and includes significant financial support from many Life Science companies, countless volunteer hours committed, placing students in paid internships and contribution goods and services to community partners.

Grants made by Life Science Cares

GranteeGrant descriptionAmount
North Marin Community ServicesDonation To Assist the Nonprofit$202,225
Larkin Street Youth ServicesDonation To Assist the Nonprofit$200,000
FamilyAidDonation To Assist the Nonprofit$155,000
...and 100 more grants made totalling $5,193,815

Who funds Life Science Cares

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$830,901
Moderna Charitable FoundationProgram Support$500,000
American Endowment FoundationMedical Research$121,000
...and 34 more grants received totalling $2,326,614

Personnel at Life Science Cares

NameTitleCompensation
Sarah MacDonaldChief Executive Officer$230,536
Aisha BaroExecutive Director , Life Science Cares Bay Area$239,796
Alicia Quinn KitagawaExecutive Director , San Diego
Elizabeth FassbergExecutive Director , New York
Morgan BermanExecutive Director , Philadelphia$147,713
...and 19 more key personnel

Financials for Life Science Cares

RevenuesFYE 12/2023
Total grants, contributions, etc.$9,967,666
Program services$0
Investment income and dividends$129,723
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-144
Net income from fundraising events$-141,806
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$30,716
Total revenues$9,986,155

Form 990s for Life Science Cares

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-06990View PDF
2022-122023-11-03990View PDF
2021-122022-11-03990View PDF
2020-122021-11-05990View PDF
2019-122020-11-02990View PDF
...and 3 more Form 990s
Data update history
September 25, 2024
Updated personnel
Identified 7 new personnel
September 21, 2024
Received grants
Identified 11 new grant, including a grant for $50,000 from Pricewaterhousecoopers Charitable Foundation (PCCF)
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $97,007 from American Online Giving Foundation
February 4, 2024
Received grants
Identified 12 new grant, including a grant for $500,000 from Moderna Charitable Foundation
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsDisease research fundraisersMedical research organizationsFamily service centersCharities
Issues
Health
Characteristics
Provides grantsConducts researchFundraising eventsNational levelFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
PO Box 425486
Cambridge, MA 02142
Metro area
Boston-Cambridge-Newton, MA-NH
County
Middlesex County, MA
Website URL
lifesciencecares.org/ 
Phone
(617) 637-5052
IRS details
EIN
81-2435939
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2016
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
H12: Medical Research Fund Raising and Fund Distribution
NAICS code, primary
624230: Emergency and Relief Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - In Process
FTB status revoked
Not revoked
AG Registration Number
CT0292384
FTB Entity ID
8301974
AB 488 data last updated ("as-of") date
2024-10-16
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