Pittsburgh Lifesciences Greenhouse

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 12/2021, Pittsburgh Lifesciences Greenhouse employed 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 NEARLY $650,000 IN CURRENT YEAR. SINCE INCEPTION, PLSG EIR'S HAVE PROVIDED 505 COMPANIES WITH OVER $14 MILLION OF SERVICES. PLSG HAS ALSO MADE 234 INVESTMENTS INTO 89 COMPANIES TOTALING OVER $22.4 MILLION.


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 OFFICE AND CUBICLE SPACE TO LIFE SCIENCE COMPANIES UNDER FAVORABLE SHORT-TERM LEASES IN PLSG'S OFFICES.


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.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $358,206
All other contributions, gifts, grants, and similar amounts not included above$480,108
Noncash contributions included in lines 1a–1f $472,608
Total Revenue from Contributions, Gifts, Grants & Similar$838,314
Total Program Service Revenue$98,452
Investment income $247,378
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,333,770
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$149,431

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Pittsburgh Lifesciences Greenhouse has recieved totaling $35,000.

Awarding OrganizationAmount
Pittsburgh Foundation

Pittsburgh, PA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$35,000
View Grant Recipient Profile

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