Food Allergy Science Initiative Inc

EIN: 851293789 501(c)(3)

Boston, MA

Total Revenue
$8,942,516
Total Expenses
$6,330,020
Total Assets
$7,792,816
Net Assets
$5,154,777
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
CARLOS BOSQUES
Phone
6179998561
Tax Period
2024-07-01 to 2025-06-30

Food Allergy Science Initiative Inc, founded in 2020, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 29% operating margin.

Mission

To accelerate the development of breakthrough discoveries that will transform the lives of people living with food allergies. (SEE SCHEDULE O FOR CONTINUATION)

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,620,366
Program Service Revenue $0
Investment Income $320,297
Other Revenue $1,853
TOTAL REVENUE $8,942,516

Expense Breakdown

Grants Paid $4,365,322
Salaries & Benefits $1,368,259
Fundraising Expenses $386,459
Program Expenses $5,407,368
Other Expenses $596,439
TOTAL EXPENSES $6,330,020

Year-over-Year Comparison

2024 2023 Change
Revenue $8,942,516 $6,661,862 +0.3%
Expenses $6,330,020 $4,694,655 +0.3%
Net Income $2,612,496 $1,967,207 +0.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
6
Employees
6
Volunteers
6

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
4
$384,280
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carlos Bosques CEO 40.0
Officer
$364,330 $19,950 $384,280
Christopher John Beneduce Jr PRINCIPAL SCIENTIST 40.0
Highest
$175,061 $18,308 $193,369
Nicole Yin Yee Lai Senior Scientist 40.0
Highest
$160,000 $10,360 $170,360
Christine Olsen MD BOARD CHAIR, DIRECTOR 1.0
Officer Director
$0 $0 $0
Lesley Solomon MBA DIRECTOR 1.0
Officer Director
$0 $0 $0
Justine Levin-Allerhand PhD TREASURER, DIRECTOR 1.0
Officer Director
$0 $0 $0
Eric Edwards MD PhD DIRECTOR 1.0
Director
$0 $0 $0
Erica Colleran DIRECTOR 1.0
Director
$0 $0 $0
Ning Drako Director 1.0
Director
$0 $0 $0
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
2025 $8,942,516 $6,330,020 $7,792,816 $2,612,496
2024 $6,661,862 $4,694,655 $6,340,472 $1,967,207
2023 $8,421,106 $8,655,158 $5,866,289 $-234,052
2022 $6,469,443 $7,441,715 $5,192,150 $-972,272
2021 $2,882,856 $1,016,406 $2,232,961 $1,866,450
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