Overview

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Est.

1985

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Massachusetts Biotechnology Council Inc is a nonprofit organization dedicated to advancing Massachusetts' leadership in the life sciences, focusing on enhancing industry growth, adding value to the healthcare system, and improving patient lives. With an operating budget of $17.4 million and total revenue of $17.8 million for the 2024 filing year, the organization relies significantly on funding from key partners, including Pharmaceutical Research & Manufacturers of America and Biotechnology Innovation Organization. The organization does not depend on a single funder for 50% or more of its revenue. For more information, visit www.massbio.org.

Mission Statement

MASSBIO IS COMMITTED TO ADVANCING MASSACHUSETTS' LEADERSHIP IN THE LIFE SCIENCES TO GROW THE INDUSTRY, ADD VALUE TO THE HEALTH CARE SYSTEM AND IMPROVE PATIENT LIVES.
Revenues
$17.8M
Expenses
$17.7M
Net Income:
+$111.5K
Assets
$29M
Liabilities
$10.3M
Net Assets:
+$18.7M
Operating Budget
$17.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$7.5K
Largest grant received
$7.5K
K
Kendalle Lee Burlin O'CONNELL
Board Member
K
Kevin Kelly
Board Member
L
Liz Lewis
Board Member

Frequently Asked Questions

What is MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC’s budget?
In 2024, MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC reported an annual operating budget of around $17.4 million. More detailed financial information is available to registered users.
What causes does MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC support?
MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC supports work in Biomedicine.
Where does MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC operate?
MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC is headquartered in CAMBRIDGE, MA.
Who funded MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC recently?
In 2024, MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC received grants from BIOTECHNOLOGY INNOVATION ORGANIZATION, MASSACHUSETTS HEALTH & HOSPITAL ASSOC INC, and BIOTECHNOLOGY INNOVATION ORGANIZATION. More information on this organization’s funders is available to registered users.
What is the largest grant MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC received in 2024?
The largest grant to MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC in 2024 exceeds $7,500.