MASSACHUSETTS BIOMEDICAL INITIATIVES INC
60 PRESCOTT STREET, WORCESTER, MA 01605 www.massbiomed.org

Total Revenue
$2,816,957
Total Expenses
$1,863,460
Net Assets
$12,042,614

Organizations Filed Purposes: MBI IS A PRIVATE, INDEPENDENT ECONOMIC DEVELOPMENT ORGANIZATION THAT SERVES AS A CATALYST FOR LIFE SCIENCE AND HEALTHCARE INNOVATION. WE HELP START BIOMEDICAL COMPANIES AND CREATE JOBS WITHIN THE BIOTECHNOLOGY, MEDICAL DEVICE, INFORMATICS, AND BIOMANUFACTURING INDUSTRY BY PROVIDING SECURE, CLEAN BENCH AND SINK SURFACE, STAFF TRAINED AND FULLY LICENSED LABORATORY SPACE FOR USAGE BY "SEED STAGE" COMPANIES. BUILDING AND MAINTAINING COLLABORATIVE AFFILIATIONS AND PARTNERSHIPS ARE ESSENTIAL TO OUR SUCCESS.

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.

MBI PROVIDES COMPANY INCUBATION SERVICES FOR BIOMEDICAL COMPANIES INCLUDING BIOTECHNOLOGY, MEDICAL DEVICE, AND BIOINFORMATICS. MBI PROVIDES FLEXIBLE LABORATORY SPACES, SHARED EQUIPMENT, HEALTH AND SAFETY SERVICES, AND BUSINESS SUPPORT TO HELP STARTUP COMPANIES EXPAND, CREATE JOBS, AND EXPAND THE TAX BASE.MBI OPERATES THREE INCUBATOR LOCATIONS WITHIN WORCESTER, MA TOTALING 25,000 SF.MBI IS ALSO INVOLVED IN AREA ECONOMIC DEVELOPMENT INCLUDING SUPPORTING THE DEVELOPMENT OF GATEWAY PARK, A MIXED-USE PARK FOCUSING ON THE LIFE SCIENCE INDUSTRY AND MORE RECENTLY THE DEVELOPMENT OF THE WORCESTER BIOMANUFACTURING PARK, A BUSINESS PARK FOCUSED ON SUPPORTING THE GROWTH OF THE ADVANCED MANUFACTURING CLUSTER IN WORCESTER, MA.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jon WeaverPRESIDENT & CEO37.5$156,149
Kevin O'SullivanCONSULTANT (FORMER PRESIDENT/CEO)2$134,172
W Blaine Stine PhdTRUSTEE2$0
Imran Nasrullah Ms JdTRUSTEE2$0
Denis A Larochelle PhdTRUSTEE2$0
Jean A King PhdTRUSTEE2$0
John HallihanTRUSTEE2$0
David R GrenonTRUSTEE2$0
Jim Glasheen PhdTRUSTEE2$0
D Davidson Easson JrTRUSTEE2$0
Phillip R MorganVICE CHAIRMAN2$0
James B LearyTRUSTEE2$0
Christopher M Palatucci PhdTRUSTEE2$0
Paul WengenderCLERK2$0
Yael Schwartz PhdTRUSTEE2$0
Lisa Olson PhdTRUSTEE2$0
Michael O'BrienTRUSTEE2$0
Timothy MurrayTRUSTEE2$0
Linda McgoldrickTRUSTEE2$0
Neil McdonoughTRUSTEE2$0
Timothy M JarrycfacpaTREASURER2$0
Dennis L GuberskiTRUSTEE2$0
Robert K CoughlinTRUSTEE2$0
Michael F CollinsTRUSTEE2$0
Craig L BlaisTRUSTEE2$0
David P Angel PhdTRUSTEE2$0
Gail E Radcliffe PhdTRUSTEE2$0
Robert J Anderson CpaCHAIRMAN2$0
Abraham W Haddad Dmd FacdVICE CHAIRMAN2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202042889349300229_public.xml