Nonprofit · EIN 46-1031913
LAB CENTRAL INC
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $27,342,387 | $24,529,205 | $2,813,182 | $110,671,425 | $83,200,569 | $27,470,856 |
| December 31, 2023 | 990 | $24,500,358 | $24,876,840 | -$376,482 | $109,041,639 | $84,873,666 | $24,167,973 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,105,753
- of which government grants
- $302,990
- Program service revenue
- $18,145,972
- Investment income
- $968,640
- Net gain from sales of assets
- $14,630
- Other revenue
- $122,022
Expenses
- Grants and similar amounts paid
- $78,000
- Compensation of officers, directors and key employees
- $2,237,610
- Other salaries and wages
- $5,297,609
- Salaries, compensation and benefits (total)
- $11,007,808
- Professional fundraising fees
- $0
- Legal fees
- $64,848
- Accounting fees
- $100,588
- Occupancy
- $3,852,581
- Travel
- $6,334
- Depreciation
- $2,435,908
- Program services (functional)
- $19,016,311
- Management and general (functional)
- $5,512,894
Balance sheet and other
- Total assets, start of year
- $109,041,639
- Total assets, end of year
- $110,671,425
- Total liabilities, end of year
- $83,200,569
- Net assets, end of year
- $27,470,856
- Land, buildings and equipment
- $10,795,279
- Net assets without donor restrictions
- $27,470,856
- Gross unrelated business income
- $1,564,800
- Gross receipts
- $27,342,387
- Employees
- 102
- Volunteers
- 4
- Year formed
- 2012
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARET O'TOOLE | CHIEF OPERATING OFFICER Key employee | 40 | $346,244 | $42,036 |
| JOHANNES FRUEHAUF | PRESIDENT AND CO-FOUNDER Trustee or director, Officer | 26 | $323,341 | $47,353 |
| MIKE LARHETTE | CHIEF BUSINESS OFFICER Highest-paid employee | 36 | $311,552 | $47,385 |
| CELINA CHANG | VICE PRESIDENT, SCIENCE STRATEGY Highest-paid employee | 40 | $259,333 | $24,455 |
| BETH MCKEON | SENIOR DIRECTOR, IGNITE VC Highest-paid employee | 40 | $209,239 | $25,475 |
| RACHELE RYAN | SENIOR DIRECTOR, PTNRSHPS, PROGRAMMING/COMMUNITY Highest-paid employee | 40 | $185,580 | $30,611 |
| PETE DONOVAN | DIRECTOR, FINANCE & ACCOUNTING Highest-paid employee | 40 | $193,835 | $18,128 |
| PETER SHANLEY | CHIEF FINANCIAL OFFICER Officer | 16 | $128,873 | $23,330 |
| SUSAN WINDHAM-BANNISTER | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| PETER PARKER | SECRETARY/DIRECTOR Trustee or director, Officer | 3 | $840 | $0 |
| JOHN HARTHORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN TREGAY | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
| JO VINEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARET E O'TOOLE | CHIEF OPERATING OFFICER Highest-paid employee | 40 | $366,951 | $38,787 |
| JOHANNES FRUEHAUF MD PHD | PRESIDENT Trustee or director, Officer | 26 | $342,464 | $46,735 |
| MIKE LARHETTE | CHIEF BUSINESS OFFICER Highest-paid employee | 36 | $327,021 | $46,725 |
| GRETCHEN COOK-ANDERSON | EXECUTIVE DIRECTOR OF IGNI Highest-paid employee | 40 | $312,690 | $26,776 |
| CELINA C CHANG | VP, SCIENCE OPERATION & ST Key employee | 40 | $265,221 | $42,169 |
| ANNA WHITLOCK | SR. DIR. PEOPLE STRATEGY & Highest-paid employee | 40 | $222,728 | $23,666 |
| RACHELE RYAN | DIRECTOR, PROGRAMMING & COMMUNITY Highest-paid employee | 40 | $178,546 | $32,841 |
| PETER SHANLEY | CFO/TREASURER Officer | 16 | $161,466 | $27,187 |
| SUSAN WINDHAM-BANNISTER | DIRECTOR Trustee or director | 1 | $20,000 | $0 |
| PETER D PARKER | SECRETARY/DIRECTOR Trustee or director, Officer | 3 | $782 | $0 |
| JO VINEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN TREGAY PHD | CHARIMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOHN HARTHORNE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 MAIN ST, CAMBRIDGE, MA 02139-3543
- In care of
- % LISA VELARDO CPA
- Principal officer (990 for 2024)
- PETER DONOVAN, 700 MAIN STREET, CAMBRIDGE, MA 02139
- Signed the 990
- PETER DONOVAN, SR. DIRECTOR, FINANCE & ACCOUNTING
- Phone
- (617) 863-3650
- Website
- HTTP://LABCENTRAL.ORG/
- Return prepared by
- GRAY GRAY & GRAY LLP
Mission
LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENUERS, AND A FULLY FUNCTIONAL LIFE SCIENCE LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB.
Program accomplishments
- HELP CREATE THE NEXT GENERATION OF BIOTECH COMPANIES BY PROVIDING ENTREPRENUERS AND INNOVATIVE LIFE SCIENCES STARTUPS WITH THE SPACE AND RESOURCES NEEDED TO TEST OUT, CHALLENGE, AND NURTURE EARLY IDEAS.Expenses $19,016,311 · grants $78,000 · revenue $16,703,194
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1031913
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U02)
- Assets (IRS master file)
- $110,671,425
- Income (IRS master file)
- $27,342,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $27,342,387 | $24,529,205 | $110,671,425 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $24,500,358 | $24,876,840 | $109,041,639 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $22,629,616 | $21,652,194 | $112,390,390 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1031913).
Questions about LAB CENTRAL INC
- What is the EIN of LAB CENTRAL INC?
- The employer identification number (EIN) of LAB CENTRAL INC is 46-1031913.
- Is LAB CENTRAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LAB CENTRAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAB CENTRAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAB CENTRAL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAB CENTRAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAB CENTRAL INC?
- The 990 for the year ended December 31, 2024 names PETER DONOVAN.
- Who are the officers and directors of LAB CENTRAL INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 10 received compensation from the organization, the highest $346,244 (MARGARET O'TOOLE, CHIEF OPERATING OFFICER).
- How much revenue does LAB CENTRAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $27,342,387, expenses of $24,529,205 and total assets of $110,671,425 at year end.
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