Organizations Filed Purposes:
THE ORGANIZATION WAS FORMED TO ACCELERATE ECONOMIC GROWTH AND JOB CREATION IN THE GREATER CENTRAL PENNSYLVANIA REGION THROUGH COMMERCIALIZATION OF DISCOVERIES IN THE LIFE SCIENCES.
PORTFOLIO COMPANY SUPPORT - ONCE AN INITIAL INVESTMENT IS MADE, THE COMPANY PROVIDES ON-GOING SUPPORT TO THE PORTFOLIO COMPANIES IN WAYS SUCH AS SERVING AS A DIRECTOR OR BOARD OBSERVER AND PROVIDING MANAGEMENT SUPPORT.
DUE DILIGENCE - THE COMPANY PROVIDES FUNDING TO EARLY STAGE LIFE SCIENCES COMPANIES IN THE FORM OF DEBT OR CONVERTIBLE DEBT INSTRUMENTS AS WELL AS EQUITY INVESTMENTS VIA LSGPA FUND INVESTMENTS. PRIOR TO MAKING AN INVESTMENT, THE COMPANY INCURS DUE DILIGENCE COSTS TO DETERMINE THE APPROPRIATENESS OF THE INVESTMENT.
LSGH HOLDINGS - THE COMPANY UTILIZES A WHOLLY-OWNED SUBSIDIARY, LSGH HOLDINGS, LLC TO ENGAGE IN INVESTMENT, OVERSIGHT, MANAGEMENT AND OTHER MATTERS RELATED TO PROMISING LIFE SCIENCES TECHNOLOGIES INCIDENT TO THE MISSION AND PURPOSE OF THE COMPANY. SPECIFIC ACTIVITIES INCLUDE COLLABORATING WITH INVENTORS AT REGIONAL RESEARCH INSTITUTIONS TO RAPIDLY ASSESS THE MARKET POTENTIAL, THE INTELLECTUAL PROPERTY LANDSCAPE AND THE TECHNOLOGY DEVELOPMENT NEEDED TO COMMERCIALIZE SELECTED TECHNOLOGIES.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Melvin Billingsley Phd | PRESIDENT/CE | 40 | $348,098 |
| Ron Thiboutot Phd | EXECUTIVE VP | 40 | $279,463 |
| Steve Carpenter | SENIOR VP | 40 | $202,897 |
| Stephen D'Ettore | DIRECTOR (FR | 5 | $0 |
| Neil Weaver | DIRECTOR (3/ | 5 | $0 |
| Sheri Collins | DIRECTOR (TO | 5 | $0 |
| Jonathan Morris | DIRECTOR | 5 | $0 |
| Nishit Trivedi Phd | DIRECTOR | 5 | $0 |
| Alan Snyder Phd | DIRECTOR | 5 | $0 |
| Frank Epifano | DIRECTOR | 5 | $0 |
| Stephanie Reisinger | DIRECTOR | 5 | $0 |
| Chadwick Paul Jr | DIRECTOR | 5 | $0 |
| Philip B Fleck | DIRECTOR | 5 | $0 |
| David Black | DIRECTOR | 5 | $0 |
| R Sam Niedbala Phd | DIRECTOR | 5 | $0 |
| Thomas Penn | DIRECTOR | 5 | $0 |
| Robert Naismith Phd | DIRECTOR | 5 | $0 |
| Marlin Miller | DIRECTOR | 5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202002669349301550_public.xml