Pittsburgh Lifesciences Greenhouse
- Assets
- $2.0m
- Revenue
- -$897.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Pittsburgh, PA
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 30-0044478
Organization Overview
Pittsburgh Lifesciences Greenhouse is located in Pittsburgh, PA. The organization was established in 2002. According to its NTEE Classification (V05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Social Science and related organizations. As of 12/2023, Pittsburgh Lifesciences Greenhouse employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pittsburgh Lifesciences Greenhouse is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTERS DEVELOPMENT OF THE WESTERN PENNSYLVANIA LIFE SCIENCES INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXECUTIVE PROGRAM PROVIDES SEASONED LIFE SCIENCES EXECUTIVES AS EXECUTIVES IN RESIDENCE (EIR) TO EARLY STAGE LIFE SCIENCES COMPANIES. THE VALUE OF SERVICES PROVIDED FREE OF CHARGE TO 32 COMPANIES WAS OVER $650,000 IN THE CURRENT YEAR. SINCE INCEPTION, PLSG EIR'S HAVE PROVIDED 505 COMPANIES WITH OVER $14 MILLION OF SERVICES. PLSG HAS ALSO MADE 235 INVESTMENTS INTO 90 COMPANIES TOTALING OVER $22.4 MILLION.
HEALTH IT PITTSBURGH IS A CLUSTER INITIATIVE COMMITTED TO CONNECT HEALTHCARE & INFORMATION TECHNOLOGY, GROWING COMPANIES, DEVELOPING THE WORKFORCE AND CREATING JOBS IN WESTERN PENNSYLVANIA.MARKETING - RAISES THE AWARENESS OF REGIONAL STRENGTHS IN THE LIFE SCIENCES INDUSTRY AND PROMOTES THE REGION'S LIFE SCIENCES INDUSTRY.
ACCELERATOR FUNDS - PLSG, THROUGH ITS DISREGARDED ENTITY PLSG ACCELERATOR FUND MANAGEMENT, LLC, MANAGES THE PLSG ACCELERATOR FUND, LLC AND ACCELERATOR FUND II, LLC IN RETURN FOR A MANAGEMENT FEE FOR THE SERVICES PROVIDED. THE FUNDS MAKE LATER-STAGE INVESTMENTS IN LIFE SCIENCE COMPANIES.
INCUBATOR - PROVIDES TURNKEY SHARED OFFICE SPACE TO LIFE SCIENCE COMPANIES UNDER FAVORABLE SHORT-TERM LEASES IN PLSG'S OFFICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Cugliari President & CEO | OfficerTrustee | 48 | $234,080 |
John Kuzmishin Chairman Of The Board | OfficerTrustee | 0.3 | $0 |
Peter M Decomo Director | Trustee | 0.3 | $0 |
Timothy Mcnulty Director | Trustee | 0.3 | $0 |
Dr Anantha Shekar Director | Trustee | 0.3 | $0 |
Alan West Executive In Residence | 22 | $151,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $242,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,139,676 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$897,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $390,272 |
| Pension plan accruals and contributions | $23,458 |
| Other employee benefits | $16,521 |
| Payroll taxes | $26,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,509 |
| Fees for services: Accounting | $69,737 |
| Fees for services: Lobbying | $8,297 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,365 |
| Advertising and promotion | $2,139 |
| Office expenses | $13,232 |
| Information technology | $18,447 |
| Royalties | $0 |
| Occupancy | $20,052 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $743 |
| Interest | $163,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,102 |
| Insurance | $35,932 |
| All other expenses | $0 |
| Total functional expenses | $1,022,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,834 |
| Savings and temporary cash investments | $240,993 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,908 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,546,496 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,990,231 |
| Accounts payable and accrued expenses | $1,768,316 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,877,939 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,646,255 |
| Net assets without donor restrictions | -$3,656,024 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,990,231 |
Grants Awarded
Over the last fiscal year, Pittsburgh Lifesciences Greenhouse has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
EV2 TECHNOLOGIES PURPOSE: ASSIST STARTUP WITH CORPORATE SETUP EXPENSES | $10,000 |
PINMED INC PURPOSE: FUNDS USED TO CONTINUE RESEARCH TRIAL | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civil-Military Innovation Institute Inc Morgantown, WV | $8,014,894 | $17,160,971 |
Knology Ltd New York, NY | $859,397 | $1,440,449 |
Superbloom Design New York, NY | $229,271 | $1,155,263 |
Pittsburgh Lifesciences Greenhouse Pittsburgh, PA | $1,990,231 | -$897,026 |
Cardinal Institute For West Virginia Policy Inc Charleston, WV | $871,065 | $923,030 |
Husky Research Corporation Inc Bloomsburg, PA | $477,808 | $612,749 |
Research Institute On Turkey Inc Brooklyn, NY | $20,994 | $366,683 |
Council Of Belmont Organizations Inc-Study Group Bronx, NY | $22,417 | $133,914 |
Lesniak Institute For American Leadership Inc Union, NJ | $12,159 | $144,002 |
Institute For Integrated Economic Research Albany, NY | $3,675 | $0 |
Institute For Democracy Studies Inc East Hampton, NY | $304,038 | $1,470 |
America And The Importance Of Work Inc New York, NY | $0 | $0 |
Community-Academic Consortium For Research On Alternative Sexualitie College Park, MD | $15,195 | $0 |
Social Ai Research Institute Newark, DE | $0 | $0 |
Globe Research & Education Foundation Bala Cynwyd, PA | $14,933 | $0 |