Nonprofit · EIN 81-2435939
LIFE SCIENCE CARES INC
Tax-exempt · CAMBRIDGE, MA 02142
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,525,481 | $11,120,153 | $1,405,328 | $11,977,275 | $1,826,310 | $10,150,965 |
| December 31, 2023 | 990 | $9,986,155 | $9,856,770 | $129,385 | $11,095,745 | $2,350,108 | $8,745,637 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,450,671
- Program service revenue
- $0
- Investment income
- $185,787
- Net income from fundraising events
- -$124,859
- Other revenue
- -$110,977
Expenses
- Grants and similar amounts paid
- $5,418,494
- Compensation of officers, directors and key employees
- $300,574
- Other salaries and wages
- $3,378,014
- Salaries, compensation and benefits (total)
- $4,285,604
- Professional fundraising fees
- $0
- Legal fees
- $7,984
- Accounting fees
- $305,510
- Occupancy
- $4,577
- Travel
- $75,276
- Depreciation
- $6,446
- Program services (functional)
- $7,890,174
- Management and general (functional)
- $1,448,683
- Fundraising (functional)
- $1,781,296
Balance sheet and other
- Total assets, start of year
- $11,095,745
- Total assets, end of year
- $11,977,275
- Total liabilities, end of year
- $1,826,310
- Net assets, end of year
- $10,150,965
- Land, buildings and equipment
- $3,041
- Net assets without donor restrictions
- $5,324,375
- Net assets with donor restrictions
- $4,826,590
- Gross receipts
- $12,873,909
- Employees
- 42
- Volunteers
- 13
- Year formed
- 2016
- 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 | Other / benefits |
|---|---|---|---|---|
| SARAH MACDONALD | CLERK & CEO, LSC NATIONAL Officer | 40 | $272,001 | $30,321 |
| AISHA BARO | EXECUTIVE DIRECTOR, BAY AREA Highest-paid employee | 40 | $268,859 | $25,836 |
| MORGAN BERMAN | EXECUTIVE DIRECTOR, PHILLY Highest-paid employee | 40 | $206,128 | $35,037 |
| LEANE MARCHESE | INTERIM EXEC. DIRECTOR, BOSTON Highest-paid employee | 40 | $206,266 | $18,562 |
| YVONNE SPICER | EXEC. DIRECTOR, BOSTON (UNTIL 2024) Highest-paid employee | 40 | $209,488 | $5,846 |
| ELIZABETH FASSBERG | EXECUTIVE DIRECTOR, NEW YORK Highest-paid employee | 40 | $183,643 | $20,698 |
| ROB PEREZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MIKE TOMSICEK | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ABE CEESAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT URBAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA MAZAREAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NOLAN TOWNSEND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HESSEKIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NINA KJELLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM DANIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF MARRAZZO | DIRECTOR (UNTIL 11/12/2024) Trustee or director | 1 | $0 |
| TRISHA MILLICAN | DIRECTOR (UNTIL 11/12/2024) Trustee or director | 1 | $0 |
| JENNIFER FOX | DIRECTOR (UNTIL 11/12/2024) Trustee or director | 1 | $0 |
| VIN MILANO | DIRECTOR Trustee or director | 1 | $0 |
| SEEMA KUMAR | DIRECTOR Trustee or director | 1 | $0 |
| JIM REDDOCH | DIRECTOR Trustee or director | 1 | $0 |
| HEIDI ZOD | DIRECTOR Trustee or director | 1 | $0 |
| CARIN CANALE-THEAKSTON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MELVILLE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH MACDONALD | CEO, LSC NATIONAL Officer | 40 | $242,767 | $30,720 |
| AISHA BARO | EXECUTIVE DIRECTOR, BAY AREA Highest-paid employee | 40 | $251,224 | $12,912 |
| MORGAN BERMAN | EXECUTIVE DIRECTOR, PHILLY Highest-paid employee | 40 | $183,500 | $30,662 |
| LEANE MARCHESE | EXECUTIVE DIRECTOR, SAN DIEGO Highest-paid employee | 40 | $185,471 | $22,349 |
| KELLY BRAWN | DIRECTOR OF PROGRAMS, BOSTON Highest-paid employee | 40 | $168,323 | $13,534 |
| BERNADETTE FRIAS | DIRECTOR OF PROGRAMS, BAY AREA Highest-paid employee | 40 | $155,339 | $14,158 |
| ABE CEESAY | CHAIR & DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT URBAN | VICE CHAIR & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| MIKE TOMSICEK | TREASURER & DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| ROB PEREZ | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CYNTHIA MAZAREAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NOLAN TOWNSEND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF HESSEKIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NINA KJELLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM DANIEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF MARRAZZO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRISHA MILLICAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER FOX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIN MILANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID MELVILLE | DIRECTOR (UNTIL 12/15/2023) Trustee or director | 1 | $0 | $0 |
| GLEN GIOVANNETTI | DIRECTOR (UNTIL 9/12/2023) Trustee or director | 1 | $0 | $0 |
| PETER PEDRO | DIRECTOR (UNTIL 12/15/2023) Trustee or director | 1 | $0 | $0 |
| RENE RUSSO | DIRECTOR (UNTIL 12/15/2023) Trustee or director | 1 | $0 | $0 |
| SAMANTHA TRUEX | DIRECTOR (UNTIL 9/12/2023) Trustee or director | 1 | $0 | $0 |
| CHIP CLARK | DIRECTOR (UNTIL 12/15/2023) Trustee or director | 1 | $0 | $0 |
| TERRY-ANN BURRELL | DIRECTOR (UNTIL 12/15/2023) Trustee or director | 1 | $0 | $0 |
| JOHN MARAGANORE | DIRECTOR (UNTIL 9/12/2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 425486, CAMBRIDGE, MA 02142-0010
- In care of
- % LIFE SCIENCE CARES CO ROB PEREZ
- Principal officer (990 for 2024)
- SARAH MACDONALD, PO BOX 425486, CAMBRIDGE, MA 02142
- Signed the 990
- SARAH MACDONALD, CEO
- Phone
- (617) 637-5052
- Website
- WWW.LIFESCIENCECARES.ORG
- Return prepared by
- AAFCPAS INC
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 accomplishments
- 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.Expenses $7,890,174 · grants $5,418,494
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
- 81-2435939
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H12)
- Assets (IRS master file)
- $11,977,275
- Income (IRS master file)
- $12,873,909
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,525,481 | $11,120,153 | $11,977,275 | XML |
| 990 | December 2023 | $9,986,155 | $9,856,770 | $11,095,745 | XML |
| 990 | December 2022 | $8,643,098 | $6,935,202 | $9,242,190 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 81-2435939).
Questions about LIFE SCIENCE CARES INC
- What is the EIN of LIFE SCIENCE CARES INC?
- The employer identification number (EIN) of LIFE SCIENCE CARES INC is 81-2435939.
- Is LIFE SCIENCE CARES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to LIFE SCIENCE CARES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LIFE SCIENCE CARES 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 LIFE SCIENCE CARES 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 LIFE SCIENCE CARES 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 LIFE SCIENCE CARES INC?
- The 990 for the year ended December 31, 2024 names SARAH MACDONALD.
- Who are the officers and directors of LIFE SCIENCE CARES INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 6 received compensation from the organization, the highest $272,001 (SARAH MACDONALD, CLERK & CEO, LSC NATIONAL).
- How much revenue does LIFE SCIENCE CARES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,525,481, expenses of $11,120,153 and total assets of $11,977,275 at year end.
Other nonprofits in CAMBRIDGE
- BROAD INSTITUTE INC EIN 26-3428781 · last filed 990 for 2025
- WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH EIN 06-1043412 · last filed 990 for 2025
- COUNT ME IN INC EIN 83-0561457 · last filed 990 for 2023
- CENTER FOR HUMAN GENETICS INC EIN 04-3154223 · last filed 990 for 2025
- ACTIVE SITE RESEARCH INC EIN 93-2180352 · last filed 990 for 2025
- INTREPID ALLIANCE INC EIN 35-2711268 · last filed 990 for 2024
- COLLABORATIVE TRAJECTORY ANALYSIS PROJECT EIN 93-4558784 · last filed 990 for 2024
- TARGETCANCER FOUNDATION INC EIN 26-4510094 · last filed 990 for 2025
All nonprofits in CAMBRIDGE · Massachusetts · Medical research