Nonprofit · EIN 47-1570605
MANSFIELD BIO-INCUBATOR INC
Tax-exempt · MANSFIELD, MA 02048
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,594,500 | $1,503,222 | $91,278 | $7,062,817 | $3,572,820 | $3,489,997 |
| December 31, 2023 | 990 | $936,834 | $1,267,239 | -$330,405 | $7,187,652 | $3,788,933 | $3,398,719 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $817,913
- Membership dues
- $28,545
- Program service revenue
- $739,436
- Investment income
- $37,151
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $331,200
- Other salaries and wages
- $152,015
- Salaries, compensation and benefits (total)
- $532,468
- Professional fundraising fees
- $0
- Accounting fees
- $40,637
- Occupancy
- $340,922
- Travel
- $5,304
- Depreciation
- $318,745
- Program services (functional)
- $1,219,500
- Management and general (functional)
- $283,722
Balance sheet and other
- Total assets, start of year
- $7,187,652
- Total assets, end of year
- $7,062,817
- Total liabilities, end of year
- $3,572,820
- Net assets, end of year
- $3,489,997
- Land, buildings and equipment
- $3,218,410
- Net assets without donor restrictions
- $3,320,012
- Net assets with donor restrictions
- $169,985
- Gross receipts
- $1,594,500
- Employees
- 6
- Volunteers
- 10
- Year formed
- 2014
- State of legal domicile
- MA
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 |
|---|---|---|---|
| RUSTAM YUKHANANOV | PRESIDENT Trustee or director, Officer | 35 | $272,563 |
| ALEXANDER MARGULIS | CHIEF OPERATING OFFICER Officer | 40 | $71,885 |
| RICHARD SOUSA | DIRECTOR Trustee or director | 5 | $0 |
| VITALY POLUNOVSKY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RUSTAM YUKHANANOV | PRESIDENT Trustee or director, Officer | 35 | $267,480 | $5,184 |
| ALEXANDER MARGULIS | CHIEF OPERATING OFFICER Officer | 40 | $46,275 | $832 |
| RICHARD SOUSA | DIRECTOR Trustee or director | 5 | $0 | $0 |
| VITALY POLUNOVSKY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 241 FRANCIS AVE, MANSFIELD, MA 02048-0000
- In care of
- % RICHARD SOUSA
- Mailing address (990-N for 2018)
- 241 FRANCIS AVE, MANSFIELD MA 02048
- Principal officer (990 for 2024)
- RUSTAM YUKHANANOV, 241 FRANCIS STREET, MANSFIELD, MA 02048
- Principal officer (990-N for 2018)
- Alexander Margulis, 241 FRANCIS AVE, MANSFIELD MA 02048
- Signed the 990
- RUSTAM YUKHANANOV, PRESIDENT
- Phone
- (888) 490-4443
- Return prepared by
- GERALD T REILLY & COMPANY
Mission
TO ASSIST IN THE GENERATION OF INNOVATIVE RESEARCH AND EDUCATION IN THE FIELDS OF BIOTECHNOLOGY, MEDICAL AND LIFE SCIENCES.
Program accomplishments
- RENTAL OF LABATORY AND RELATED SPACE TO ASSIST IN THE GENERATION OF INNOVATIVE RESEARCH AND EDUCATION IN THE FIELDS OF BIOTECHNOLOGY, MEDICAL AND LIFE SCIENCES.Expenses $677,510 · revenue $739,436
- ESTABLISH A LIFE SCIENCE ECOSYSTEM IN SOUTHEASTERN MASSACHUSETTS BY PREPARING A SKILLED WORKFORCE FOR THE BIOTECH INDUSTRY, THROUGH MENTORSHIP AND OTHER TRAINING PROGRAMS.Expenses $541,990
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
- 47-1570605
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U02)
- Assets (IRS master file)
- $7,062,817
- Income (IRS master file)
- $1,594,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,594,500 | $1,503,222 | $7,062,817 | IRS |
| 990 | December 2023 | $936,834 | $1,267,239 | $7,187,652 | XML |
| 990 | December 2022 | $1,865,495 | $1,347,835 | $7,697,761 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Alexander Margulis | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-1570605).
Questions about MANSFIELD BIO-INCUBATOR INC
- What is the EIN of MANSFIELD BIO-INCUBATOR INC?
- The employer identification number (EIN) of MANSFIELD BIO-INCUBATOR INC is 47-1570605.
- Is MANSFIELD BIO-INCUBATOR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to MANSFIELD BIO-INCUBATOR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MANSFIELD BIO-INCUBATOR 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 MANSFIELD BIO-INCUBATOR 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 MANSFIELD BIO-INCUBATOR 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 MANSFIELD BIO-INCUBATOR INC?
- The 990 for the year ended December 31, 2024 names RUSTAM YUKHANANOV.
- Who are the officers and directors of MANSFIELD BIO-INCUBATOR INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $272,563 (RUSTAM YUKHANANOV, PRESIDENT).
- How much revenue does MANSFIELD BIO-INCUBATOR INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,594,500, expenses of $1,503,222 and total assets of $7,062,817 at year end.
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