2024-10-09T13:39:43-05:00 2023-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2023-01-01 461031913 LAB CENTRAL INC LABC 6178633650 700 MAIN STREET CAMBRIDGE MA 02139 JOHANNES FRUEHAUF PRESIDENT/CEO 6178633650 2024-10-09 1 0 KAREN S NG P01067482 6174399700 2024-10-09 2023 2024-10-15 13:58:12Z JOHANNES FRUEHAUF 700 MAIN STREET CAMBRIDGE MA 02139 24500358 0 X HTTP://LABCENTRAL.ORG/ X 2012 DE LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENEURS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB. 6 3 110 4 1514304 1389860 6222655 7154420 16282014 16661431 87946 565201 37001 119306 22629616 24500358 61571 113419 0 0 9215588 10938727 0 0 0 12375035 13824694 21652194 24876840 977422 -376482 112390390 109041639 88243847 84873666 24146543 24167973 LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENEURS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB. 0 0 20678932 113419 15266433 HELP CREATE THE NEXT GENERATION OF BIOTECH COMPANIES BY PROVIDING ENTREPRENEURS AND INNOVATIVE LIFE SCIENCES STARTUPS WITH THE SPACE AND RESOURCES NEEDED TO TEST OUT, CHALLENGE, AND NURTURE EARLY IDEAS. 20678932 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 63 0 1 110 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X PETER SHANLEY 7814627076 700 MAIN STREET CAMBRIDGE MA 02139 JO VINEY DIRECTOR 1.00 X 0 0 0 SUSAN WINDHAM-BANNISTER DIRECTOR 1.00 X 20000 0 0 STEVEN TREGAY PHD CHARIMAN 1.00 X X 0 0 0 JOHN HARTHORNE DIRECTOR 1.00 X 0 0 0 JOHANNES FRUEHAUF MD PHD PRESIDENT 26.00 X X 342464 0 46735 PETER D PARKER SECRETARY/DIRECTOR 3.00 X X 782 0 0 PETER SHANLEY CFO/TREASURER 16.00 X 161466 0 27187 CELINA C CHANG VP, SCIENCE OPERATION & ST 40.00 X 265221 0 42169 ANNA WHITLOCK SR. DIR. PEOPLE STRATEGY & 40.00 X 222728 0 23666 MIKE LARHETTE CHIEF BUSINESS OFFICER 36.00 X 327021 0 46725 GRETCHEN COOK-ANDERSON EXECUTIVE DIRECTOR OF IGNI 40.00 X 312690 0 26776 MARGARET E O'TOOLE CHIEF OPERATING OFFICER 40.00 X 366951 0 38787 RACHELE RYAN DIRECTOR, PROGRAMMING & COMMUNITY 40.00 X 178546 0 32841 2197869 0 284886 33 0 1 0 SG COMPUTERS INC 161 WORCESTER WAY STOUCHTON MA 02072 IT SERVICES 733775 EMCOR SERVICES NORTHEAST INC 80 HAWES WAY STOUGHTON MA 02072 HVAC SERVICES 444316 UG2 PO BOX 5972 SPRINGFIELD MA 011015972 JANITORIAL SERVICES 266335 BARRICADE CYBER SOLUTIONS 255 FARMINGTON RD SUMMERVILLE SC 29486 IT SERVICES 208403 TRIUMVIRATE ENVIRONMENTAL 200 INNER BEST RD SOMERVILLE MA 02143 EHS SERVICES 204742 8 115766 7038654 1862019 7154420 INCUBATOR INCOME 541380 14078294 14078294 MANAGEMENT FEE 561000 1514304 1514304 HARVARD LIFE LAB SERVICES 541380 1068833 1068833 16661431 565201 565201 EVENT REVENUE 900099 118562 118562 OTHER INCOME 900099 744 744 119306 24500358 15266433 1514304 565201 113419 113419 524712 373464 151248 7161083 5096904 2064179 519681 434591 85090 2025106 1693527 331579 708145 512070 196075 100995 38786 62209 44550 17109 27441 243388 93470 149918 549905 328113 221792 612568 610196 2372 669600 59216 610384 4505690 4542063 -36373 16940 16093 847 342297 325186 17111 2438899 2377927 60972 273574 60185 213389 REPAIRS & MAINTENANCE 1770679 1770679 LAB SUPPLIES & CONSUMAB 1144948 1144948 ENVIRONMENTAL SVCS & PE 534818 534818 PROVISION FOR INCOME TA 405357 385095 20262 170486 151073 19413 24876840 20678932 4197908 0 18486924 23920077 1853939 3434899 1444990 875632 27190786 16261553 12246653 10929233 78357884 69881798 112390390 109041639 1473372 1444640 4882112 3970442 81888363 79458584 88243847 84873666 X 24146543 24167973 24146543 24167973 112390390 109041639 -376482 397912 0 X X 0 1 X 1 0 X 4949591 5345306 6081659 6222656 7154420 29753632 4949591 5345306 6081659 6222656 7154420 29753632 6185636 23567996 128341 78720 44818 87946 565201 905026 7119461 504780 588896 1219856 1514304 10947297 95865 854642 103065 37001 119306 1209879 42815834 0.55050 0.46240 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EVENT REVENUE - 2019 AMOUNT: $ 95,865. 2020 AMOUNT: $ 17,152. 2021 AMOUNT: $ 15,582. 2022 AMOUNT: $ 31,386. 2023 AMOUNT: $ 118,562. OTHER REVENUE - 2020 AMOUNT: $ 727,730. 2022 AMOUNT: $ 705. 2023 AMOUNT: $ 744. CCRCT - 2020 AMOUNT: $ 109,760. 2021 AMOUNT: $ 87,483. 2022 AMOUNT: $ 4,910. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16259410 9724002 6535408 8847882 5291509 3556373 2083494 1246042 837452 10929233 SECURITY DEPOSIT 864182 OTHER ASSETS 203931 DUE FROM INTERCOMPANY 3220889 INVESTMENT IN SUBSIDIARY 6000000 RIGHT OF USE 59592796 69881798 TENANT DEPOSITS 1901550 RECOVERABLE GRANT 5000000 LEASE LONG TERM 69506306 SHORT TERM LEASE 3050728 79458584 X PART X, LINE 2: LABCENTRAL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE HAVING RECEIVED FAVORABLE DETERMINATION OF ITS STATUS FROM THE IRS IN A LETTER DATED JUNE 26, 2014. MAINSTPBC IS REQUIRED TO FILE CORPORATE INCOME TAX RETURNS UNDER FEDERAL AND MASSACHUSETTS TAX LAW EVEN IF THERE IS NO ACTIVITY. MASSACHUSETTS ALSO REQUIRES ALL CORPORATIONS TO PAY A MINIMUM TAX IF ACTUAL TAX IS LOWER THAN THE MINIMUM. LAB CENTRAL RECEIVES MANAGEMENT FEES FROM MAINSTPBC IN AN AMOUNT IN EXCESS OF ALLOCATED EXPENSES. THIS REPRESENTS AN UNRELATED BUSINESS ACTIVITY AND REQUIRES LAB CENTRAL TO FILE FORM 990-T EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN. LAB CENTRAL HAS GENERATED NET TAXABLE INCOME AND HAS PROVIDED FOR FEDERAL AND STATE INCOME TAXES. FOR FEDERAL AND STATE INCOME TAXES, DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED BASED UPON TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND THE TAX BASIS OF ASSETS AND LIABILITIES. DEFERRED INCOME TAXES ARE BASED UPON PRESCRIBED RATES AND ENACTED LAWS APPLICABLE TO PERIODS IN WHICH DIFFERENCES ARE EXPECTED TO REVERSE. THE COMPANY FOLLOWS ACCOUNTING GUIDANCE REGARDING RECOGNITION, MEASUREMENT, PRESENTATION, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE COMPANY'S TAX RETURNS, INCLUDING THE POSITION THAT THE COMPANY QUALIFIES AS A TAX EXEMPT ENTITY, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE UPHELD UNDER REGULATORY REVIEW. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 PROTEINEA 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT VIOLET THERAPEUTICS 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT CELLFORMA 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT NEUROBIONICS 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT HOVANA INC 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT HDAX THERAPEUTICS 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT MATERIALIZE BIO 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT VENOVA TECHNOLOGIES 700 MAIN ST NORTH CAMBRIDGE MA 02139 10000 0 GRANT 8 X X X X 0 0 0 0 0 0 0 0 0 MARGARET E O'TOOLE CHIEF OPERATING OFFICER 366951 0 0 0 0 0 19800 0 18987 0 405738 0 0 0 JOHANNES FRUEHAUF MD PHD PRESIDENT 342464 0 0 0 0 0 19800 0 26935 0 389199 0 0 0 MIKE LARHETTE CHIEF BUSINESS OFFICER 327021 0 0 0 0 0 19490 0 27235 0 373746 0 0 0 GRETCHEN COOK-ANDERSON EXECUTIVE DIRECTOR OF IGNI 312690 0 0 0 0 0 13450 0 13326 0 339466 0 0 0 CELINA C CHANG VP, SCIENCE OPERATION & ST 265221 0 0 0 0 0 15951 0 26218 0 307390 0 0 0 ANNA WHITLOCK SR. DIR. PEOPLE STRATEGY & 222728 0 0 0 0 0 13294 0 10372 0 246394 0 0 0 RACHELE RYAN DIRECTOR, PROGRAMMING & COMMUNITY 178546 0 0 0 0 0 10581 0 22260 0 211387 0 0 0 PETER SHANLEY CFO/TREASURER 161466 0 0 0 0 0 10121 0 17066 0 188653 0 0 0 X LAB EQUIPMENT 18 1826019 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THREE BOARD MEMBERS ARE PARTNERS OF BIOINNOVATION CAPITAL. FORM 990, PART VI, SECTION B, LINE 11B A FULL COPY OF FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C LAB CENTRAL, INC. HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES THE BOARD TO REVIEW ALL RELATED PARTY TRANSACTIONS TO ENSURE NO CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT, EXECUTIVE DIRECTORS AND OFFICERS. THE PROCESS INCLUDES USING VARIOUS SOURCES TO EVALUATE THE COMPENSATION FOR EACH INDIVIDUAL. THE ORGANIZATION ALSO COMPLETED AN INDEPENDENT COMPENSATION STUDY. THE BOARD MUST APPROVE THE WRITTEN AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 LAB CENTRAL, INC.'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST TO THE GENERAL PUBLIC. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR 2023. MAINSTPBC INC 700 MAIN ST CAMBRIDGE MA 02139 LAB SERVICES MA LAB CENTRAL C 28780111 160771420 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 MAINSTPBC INC L 1514304 MANAGEMENT FEES MAINSTPBC INC Q 3294000 MANAGEMENT COST ALLOCATION