Life Sciences Research Foundation
- Assets
- $4.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1984
- Data as of
- 05/2024
- EIN
- 52-1231801
Organization Overview
Life Sciences Research Foundation is located in Charlotte, NC. The organization was established in 1984. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Sciences Research Foundation 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 05/2024, Life Sciences Research Foundation generated $3.9m 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 (3.7%) each year. All expenses for the organization totaled $3.1m during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Life Sciences Research Foundation has awarded 235 individual grants totaling $27,633,841. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND BASIC RESEARCH IN THE BIOLOGICAL SCIENCES THROUGH POSTDOCTORAL FELLOWSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND BASIC RESEARCH IN THE BIOLOGICAL SCIENCES THROUGH POSTDOCTORAL FELLOWSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas E Koshland President | OfficerTrustee | 2 | $0 |
Daniel Gottschling Vice President | OfficerTrustee | 2 | $0 |
Jeremy Nathans Vice President | OfficerTrustee | 2 | $0 |
Meng Wang Vice President | OfficerTrustee | 2 | $0 |
D Leanna Jones Vice President | OfficerTrustee | 1 | $0 |
Bruce Alberts Trustee Of Advisory Board | Trustee | 1 | $0 |
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 | $3,721,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,721,619 |
| Total Program Service Revenue | $0 |
| Investment income | $148,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$63 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,870,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,767,500 |
| 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. | $100,004 |
| Compensation of current officers, directors, key employees. | $100,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $982 |
| All other expenses | $0 |
| Total functional expenses | $3,108,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,953,253 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,382 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,955,635 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,369,750 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,098 |
| Total liabilities | $1,458,848 |
| Net assets without donor restrictions | $2,496,787 |
| 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 | $3,955,635 |
Grants Awarded
Over the last fiscal year, Life Sciences Research Foundation has awarded $2,767,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES | $67,000 |
COLUMBIA UNIVERSITY PURPOSE: TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES | $67,000 |
HARVARD MEDICAL SCHOOL PURPOSE: TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES | $366,000 |
PRINCETON UNIVERSITY PURPOSE: TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES | $221,000 |
SCRIPPS RESEARCH INSTITUTE PURPOSE: TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES | $67,000 |
STANFORD UNIVERSITY PURPOSE: TO FUND RESEARCH FELLOWSHIPS IN BIOLOGICAL SCIENCES | $211,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project South The Institution For The Elimination Poverty & Genocide Atlanta, GA | $19,343,723 | $5,867,813 |
Life Sciences Research Foundation Charlotte, NC | $3,955,635 | $3,870,218 |
William R Kenan Jr Fund For Eng Technology And Science Chapel Hill, NC | $0 | $1,436,534 |
American Society Of Overseas Research Alexandria, VA | $7,305,829 | $2,282,373 |
South Carolina Science Academy Columbia, SC | $370,942 | $1,578,757 |
Step Up Savannah Inc Savannah, GA | $902,041 | $773,625 |
Institute For Southern Studies Inc Durham, NC | $2,569,882 | $379,385 |
North American Regional Science Council Inc Reston, VA | $428,200 | $129,367 |
Alalay Foundation Inc Falls Church, VA | $40,781 | $48,000 |
Time Lifestyle Management System Incorporated Midville, GA | $29,675 | $53,000 |
Social Work Innovations Inc Columbia, SC | $1,682 | $0 |
Mochlos Foundation Greensboro, NC | $15,953 | $23,013 |