Life Sciences Greenhouse Of Central Pennsylvania

Organization Overview

Life Sciences Greenhouse Of Central Pennsylvania is located in Harrisburg, PA. The organization was established in 2003. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Life Sciences Greenhouse Of Central Pennsylvania employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Sciences Greenhouse Of Central Pennsylvania is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Life Sciences Greenhouse Of Central Pennsylvania generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS FORMED TO ACCELERATE ECONOMIC GROWTH AND JOB CREATION IN THE GREATER CENTRAL PENNSYLVANIA REGION THROUGH COMMERCIALIZATION OF DISCOVERIES IN THE LIFE SCIENCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PORTFOLIO COMPANY SUPPORT - ONCE AN INITIAL INVESTMENT IS MADE, THE COMPANY PROVIDES ON-GOING SUPPORT TO THE PORTFOLIO COMPANIES IN WAYS SUCH AS SERVING AS A DIRECTOR OR BOARD OBSERVER AND PROVIDING MANAGEMENT SUPPORT.


DUE DILIGENCE - THE COMPANY PROVIDES FUNDING TO EARLY STAGE LIFE SCIENCES COMPANIES IN THE FORM OF DEBT OR CONVERTIBLE DEBT INSTRUMENTS AS WELL AS EQUITY INVESTMENTS VIA LSGPA FUND INVESTMENTS. PRIOR TO MAKING AN INVESTMENT, THE COMPANY INCURS DUE DILIGENCE COSTS TO DETERMINE THE APPROPRIATENESS OF THE INVESTMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Michele Washko
Pres/ceo
$339,000
Ron Thiboutot PHD
Evp-Til Mar2
$0
Gregory Jackson
Exec. Vp-Beg
$175,000
Steve Carpenter
Senior Vp-Ti
$193,727
Melvin Billingsley
Director
$0
David Black
Director-Til
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,749,829
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,749,829
Total Program Service Revenue$0
Investment income $355,210
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $377,129
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,482,168

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