Vascular Laboratory Inc
- Assets
- $508.4k
- Revenue
- $218.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 03/1975
- Data as of
- 06/2021
- EIN
- 23-7375422
Organization Overview
Vascular Laboratory Inc is located in Cambridge, MA. The organization was established in 1975. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vascular Laboratory Inc 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 06/2021, Vascular Laboratory Inc generated $218.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $287.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS ENGAGED IN SCIENTIFIC RESEARCH REGARDING THE DEVELOPMENT OF COMPOUNDS FOR THE DIAGNOSIS, PREVENTION, OR TREATMENT OF DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Gurewich President, Treasurer | 40 | $87,469 | |
Alan P Kenney Director | 0 | $0 | |
Alexis Wallace Clerk | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $5,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,967 |
| Capital Gain Net Income | $107,724 |
| Net ST Capital Gain | $17,591 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $218,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $87,469 |
| Other employee salaries and wages | $21,478 |
| Pension plans, employee benefits | $46,878 |
| Interest | $0 |
| Taxes | $10,270 |
| Depreciation | $99 |
| Occupancy | $70,282 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,352 |
| Total operating and administrative expenses | $287,278 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $287,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,347 |
| Savings and temporary cash investments | $414,367 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,673 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $508,387 |
| Accounts payable and accrued expenses | $2,973 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,973 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cayuga Medical Associates Pc Ithaca, NY | $9,424,563 | $97,237,418 |
Medical Care Of Queens Pc Westbury, NY | $21,678,110 | $91,754,608 |
Riverside Community Care Inc Dedham, MA | $58,699,955 | $95,150,404 |
South Nassau Communites Hospital Oceanside, NY | $45,244,502 | $90,458,185 |
University Associates In Obstetrics & Gynecology P C Stony Brook, NY | $4,022,809 | $92,008,924 |
Westchester Health Medical Pc Westbury, NY | $26,909,482 | $67,514,001 |
Montefiore Mount Vernon Hospital Mount Vernon, NY | $45,245,660 | $78,648,978 |
Vassar Health Connecticut Inc Sharon, CT | $42,119,488 | $49,443,431 |
Stony Brook Childrens Service University Faculty Practice Corp Stony Brook, NY | $5,785,790 | $65,452,488 |
Concord Hospital - Laconia Concord, NH | $50,420,745 | $53,154,882 |
Stony Brook Surgical Associates University Faculty Practice Corp Stony Brook, NY | $6,226,375 | $60,003,564 |
Gifford Medical Center Inc Randolph, VT | $106,034,169 | $58,940,770 |