Vascular Laboratory Inc
- Assets
- $122.7k
- Revenue
- $3.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 03/1975
- Data as of
- 06/2023
- 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 06/2023, Vascular Laboratory Inc generated $3.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $182.4k during the year ending 06/2023. 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
2023
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 | $88,841 | |
Alan P Kenney Director | 0 | $0 | |
Alexis Wallace Clerk | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $3,108 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,109 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $88,841 |
| Other employee salaries and wages | $24,823 |
| Pension plans, employee benefits | $47,087 |
| Interest | $0 |
| Taxes | $10,046 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,101 |
| Total operating and administrative expenses | $182,398 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $182,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,833 |
| Savings and temporary cash investments | $79,637 |
| 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 | $12,278 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $122,748 |
| Accounts payable and accrued expenses | $2,374 |
| 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 | $2,374 |