EIN 81-2435939

Life Science Cares

IRS 501(c) type
501(c)(3)
Num. employees
24
Year formed
2016
Most recent tax filings
2022-12-01
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
$8,643,098
2022
Total expenses
$6,935,202
2022
Total assets
$9,242,190
2022
Num. employees
24
2022

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. Partner organizations are brought before the board and then approved. In 2022, Life Science Cares supported 75 nonprofit organizations across our five sites, providing access to basic needs, access to education & access to opportunity.life Science Cares helps companies to help them better understand community needs and forge relationships with a variety of local nonprofit organizations. Lsc staff advise and support companies' internal teams, providing year-round employee engagement activities as well as best practices and toolkits for sustained corporate social impact efforts. Lsc also runs programs to fill gaps in the ecosystem, including the project onramp summer internship program and one-to-one networking platform.

Grants made by Life Science Cares

GranteeGrant descriptionAmount
Alas Ayudando Latinos A SonarDonation To Assist the Nonprofit$225,000
Board of Trustees of theDonation To Assist the Nonprofit$150,000
The Bottom LineDonation To Assist the Nonprofit$110,000
...and 75 more grants made totalling $3,749,644

Who funds Life Science Cares

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Moderna Charitable FoundationProgram Support$500,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$424,201
Schwab Charitable FundHealth$130,850
...and 32 more grants received totalling $1,890,149

Personnel at Life Science Cares

NameTitleCompensation
Aisha BaroExecutive Director, Bay Area$239,796
Elizabeth FassbergExecutive Director, New York
Leane MarcheseExecutive Director , San Diego$159,462
Morgan BermanExecutive Director, Philadelphia$147,713
Beth GomesDirector of Operations
...and 14 more key personnel

Financials for Life Science Cares

RevenuesFYE 12/2022
Total grants, contributions, etc.$8,747,315
Program services$0
Investment income and dividends$64
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-381
Net income from fundraising events$-104,140
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$240
Total revenues$8,643,098

Form 990s for Life Science Cares

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF
2021-122022-11-03990View PDF
2020-122021-11-05990View PDF
2019-122020-11-02990View PDF
2018-122020-01-27990View PDF
...and 2 more Form 990s
Data update history
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
October 25, 2023
Received grants
Identified 23 new grant, including a grant for $121,000 from American Endowment Foundation
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 5, 2023
Received grants
Identified 3 new grant, including a grant for $10,000 from Jewish Community Federation and Endowment Fund
Nonprofit Types
Grantmaking organizationsDisease research fundraisersMedical research organizationsFamily service centersCharities
Issues
Health
Characteristics
Provides grantsConducts researchFundraising eventsNational levelTax deductible 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
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