LIFE SCIENCE CARES INC

EIN: 812435939 501(c)(3) Medical Research

CAMBRIDGE, MA

Total Revenue
$12,525,481
Total Expenses
$11,120,153
Total Assets
$11,977,275
Net Assets
$10,150,965
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MA
Principal Officer
SARAH MACDONALD
Phone
6176375052
Tax Period
2024-01-01 to 2024-12-31

LIFE SCIENCE CARES INC, founded in 2016, is a mid-sized nonprofit in the Medical Research sector that reported $12.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 11% surplus.

Mission

LIFE SCIENCE CARES ACTIVATES THE FINANCIAL AND HUMAN CAPITAL OF THE LIFE SCIENCES INDUSTRY AND PARTNERS WITH NONPROFITS TO DISRUPT THE CYCLE OF POVERTY AND INEQUALITY IN OUR COMMUNITIES. LSC SERVES NOT ONLY AS A GRANT-MAKING ORGANIZATION, BUT ALSO A COMMITTED COMMUNITY ENGAGING TO HELP SOLVE SOCIETAL PROBLEMS THROUGH A COMBINATION OF VOLUNTEERISM AND THOUGHT PARTNERSHIP.

Program Service Accomplishments

Program 1
Expenses: $7,890,174

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...

Read more

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-ONEA 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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,450,671
Program Service Revenue $0
Investment Income $185,787
Other Revenue $-110,977
TOTAL REVENUE $12,525,481

Expense Breakdown

Grants Paid $5,418,494
Salaries & Benefits $4,285,604
Fundraising Expenses $1,781,296
Program Expenses $7,890,174
Other Expenses $1,416,055
TOTAL EXPENSES $11,120,153

Year-over-Year Comparison

2024 2023 Change
Revenue $12,525,481 $9,986,155 +0.3%
Expenses $11,120,153 $9,856,770 +0.1%
Net Income $1,405,328 $129,385 +9.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
42
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$302,322
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB PEREZ CHAIR 1.00
Officer Director
$0 $0 $0
MIKE TOMSICEK TREASURER 1.00
Officer Director
$0 $0 $0
ABE CEESAY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT URBAN DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA MAZAREAS DIRECTOR 1.00
Director
$0 $0 $0
NOLAN TOWNSEND DIRECTOR 1.00
Director
$0 $0 $0
JEFF HESSEKIEL DIRECTOR 1.00
Director
$0 $0 $0
NINA KJELLSON DIRECTOR 1.00
Director
$0 $0 $0
TOM DANIEL DIRECTOR 1.00
Director
$0 $0 $0
JEFF MARRAZZO DIRECTOR (UNTIL 11/12/2024) 1.00
Director
$0 $0 $0
TRISHA MILLICAN DIRECTOR (UNTIL 11/12/2024) 1.00
Director
$0 $0 $0
JENNIFER FOX DIRECTOR (UNTIL 11/12/2024) 1.00
Director
$0 $0 $0
VIN MILANO DIRECTOR 1.00
Director
$0 $0 $0
SEEMA KUMAR DIRECTOR 1.00
Director
$0 $0 $0
JIM REDDOCH DIRECTOR 1.00
Director
$0 $0 $0
HEIDI ZOD DIRECTOR 1.00
Director
$0 $0 $0
CARIN CANALE-THEAKSTON DIRECTOR 1.00
Director
$0 $0 $0
DAVID MELVILLE DIRECTOR 1.00
Director
$0 $0 $0
SARAH MACDONALD CLERK & CEO, LSC NATIONAL 40.00
Officer
$272,001 $30,321 $302,322
AISHA BARO EXECUTIVE DIRECTOR, BAY AREA 40.00
Highest
$268,859 $25,836 $294,695
MORGAN BERMAN EXECUTIVE DIRECTOR, PHILLY 40.00
Highest
$206,128 $35,037 $241,165
LEANE MARCHESE INTERIM EXEC. DIRECTOR, BOSTON 40.00
Highest
$206,266 $18,562 $224,828
YVONNE SPICER EXEC. DIRECTOR, BOSTON (UNTIL 2024) 40.00
Highest
$209,488 $5,846 $215,334
ELIZABETH FASSBERG EXECUTIVE DIRECTOR, NEW YORK 40.00
Highest
$183,643 $20,698 $204,341
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $12,525,481 $11,120,153 $11,977,275 $1,405,328
2023 $9,986,155 $9,856,770 $11,095,745 $129,385
2022 $8,643,098 $6,935,202 $9,242,190 $1,707,896
2021 $8,289,428 $4,485,257 $8,104,702 $3,804,171
2020 $5,637,759 $3,604,534 $3,578,866 $2,033,225
2019 $1,492,468 $1,327,605 $1,456,352 $164,863
2018 $1,046,580 $969,704 $1,158,681 $76,876
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LIFE SCIENCE CARES INC with other nonprofits in Massachusetts and across the country.