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Life Science Cares Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812435939 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

Overview

What is Life Science Cares Inc?

Life Science Cares Inc is a collaborative initiative within the life science industry, based in multiple U.S. regions, including Boston, Philadelphia, San Diego, and the San Francisco Bay Area. Their primary mission is to combat poverty within these communities by pooling the human and financial resources of life science companies and industry leaders. They achieve this by supporting local service organizations that demonstrate exceptional efforts in alleviating poverty. Life Science Cares provides these organizations with financial donations, in-kind contributions, and human capital. In 2022, they supported 75 nonprofit organizations across their various locations, ensuring access to essential needs, education, and opportunities. They also serve as a bridge for companies by helping them understand community needs and fostering relationships with diverse local nonprofit organizations. Furthermore, Life Science Cares offers guidance and resources to internal company teams, promoting year-round employee engagement and providing tools for sustained corporate social impact efforts.


Official website here: www.lifesciencecares.org

Is Life Science Cares Inc legitimate?

Life Science Cares Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Science Cares Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $267,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,691,505

For more financial information, click here


Official website here: www.lifesciencecares.org

What is the mission statement of Life Science Cares Inc?

Life Science Cares Inc is an initiative driven by the life science industry, aiming to alleviate poverty in various communities, specifically in Boston, Philadelphia, San Diego, and the San Francisco Bay Area. By harnessing the human and financial resources of life science companies and industry leaders, Life Science Cares Inc supports organizations that excel in fighting poverty, thereby contributing to the betterment of their neighborhoods. The ultimate goal is to eliminate the impact of poverty in these communities.


Official website here: www.lifesciencecares.org

Who is the CEO of Life Science Cares Inc?

Sarah Macdonald is the President, Life Science Cares, Clerk of Life Science Cares Inc.


Official website here: www.lifesciencecares.org

What is the revenue of Life Science Cares Inc?

Life Science Cares Inc's revenue in 2022 was $8,643,098.


Official website here: www.lifesciencecares.org

Who are the executives of Life Science Cares Inc and what are their salaries?

The average compensation at Life Science Cares Inc during 2022 was $81,640. There are 24 employees and 13 volunteers at Life Science Cares Inc.

Here are 19 key members and their salaries:

    Sarah Macdonald (President, Life Science Cares, Clerk)
  • Compensation: $230,536
  • Related: $0
  • Other: $26,631

    • Aisha Baro (Executive Director, Lsc Bay Area)
  • Compensation: $239,796
  • Related: $0
  • Other: $12,986

    • Morgan Berman (Executive Director, Lsc Philly)
  • Compensation: $147,713
  • Related: $0
  • Other: $23,993

    • Leane Marchese (Executive Director, Lsc San Diego)
  • Compensation: $159,462
  • Related: $0
  • Other: $11,932

    • Kelly Brawn (Program Manager, Boston)
  • Compensation: $141,552
  • Related: $0
  • Other: $11,316

    • Emily Stanford (Dvelopment Director, Boston)
  • Compensation: $129,231
  • Related: $0
  • Other: $5,169

    • Abe Ceesay (Chair & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Urban (Vice Chair & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Tomsicek (Treasurer & Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Perez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Hunt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cynthia Mazareas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Melville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glen Giovannetti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Pedro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rene Russo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samantha Truex (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chip Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry-Ann Burrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lifesciencecares.org

    Where can I find the form 990 for Life Science Cares Inc?

    The Life Science Cares Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lifesciencecares.org

    Learn more at the official website: www.lifesciencecares.org

    Mission Statement of Life Science Cares Inc

    Life Science Cares, a collective initiative within the life science industry, is committed to alleviating the effects of poverty in their local communities. Based in Boston, Philadelphia, San Diego, and the San Francisco Bay Area, this organization brings together the human and financial resources of life science companies and industry leaders. Their mission is to support service organizations that demonstrate outstanding effectiveness in addressing poverty, thereby contributing to a more equitable society. By uniting these resources, Life Science Cares aims to amplify the impact of these organizations and make a tangible difference in the lives of those in need.

    Impact

    This information is meant to be a general summary of Life Science Cares Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Life Science Cares Inc's impact is significant in fighting poverty in the Boston, Philadelphia, San Diego, and San Francisco Bay areas. The organization unites the human and financial resources of life science companies and industry leaders to support service organizations that are dedicated to eliminating the impact of poverty on local communities. In 2022, Life Science Cares supported 75 organizations across its five sites, providing access to basic needs, education, and opportunities. By providing human capital, in-kind donations, and financial resources, Life Science Cares empowers companies to understand community needs and build relationships with local organizations. Additionally, they offer year-round employee engagement activities and programs to fill gaps in the ecosystem, such as the Project Onramp summer internship program and a one-to-one networking platform. Life Science Cares Inc is making a tangible difference in the fight against poverty through collective industry efforts and strategic partnerships with service organizations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-317
  • Program Service Revenue: $0
  • Gross Receipts: $9,009,120

    • Assets and Liabilities:
  • Total Assets: $9,242,190
  • Total Liabilities: $625,913
  • Net Assets: $8,616,277
  • Organization Details

    Founding Year

    2016

    Principal Officer

    Sarah Macdonald

    Main Address

    PO BOX 425486, CAMBRIDGE, MA, 02142

    NTEE Category

    Code: H12 - Medical research

    If you are a representative of Life Science Cares Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.