Pioneer Valley Life Sciences Institute Of Baystate Medical
- Assets
- $867.4k
- Revenue
- $81.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 08/2004
- Data as of
- 09/2023
- EIN
- 57-1183126
Organization Overview
Pioneer Valley Life Sciences Institute Of Baystate Medical is located in Springfield, MA. The organization was established in 2004. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pioneer Valley Life Sciences Institute Of Baystate Medical 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 09/2023, Pioneer Valley Life Sciences Institute Of Baystate Medical generated $81.3k 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 (8.6%) each year. All expenses for the organization totaled $227.7k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE HUMAN HEALTH BY DEVELOPING NEW APPROACHES FOR THE DIAGNOSIS & TREATMENT OF DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAST REGISTRYDESCRIPTION: ANALYSIS-READY DATASETS WITH PATIENT CHARACTERISTICS TOGETHER WITH TREATMENTS AND OUTCOMES ARE ESSENTIAL TO IDENTIFY SUCCESSES IN CLINICAL MANAGEMENT AND AREAS WHERE LIMITATIONS EXIST. WE HAVE CREATED A PROSPECTIVE REGISTRY FOCUSED ON BREAST CANCER. THIS RESOURCE INCLUDES A DETAILED SURVEY OF LIFESTYLE, HEALTH HISTORY ALONG WITH DIAGNOSTIC AND TREATMENT INFORMATION. TISSUE SPECIMENS ARE ALSO AVAILABLE FOR ALL THE PARTICIPANTS. THE REGISTRY PROVIDES ACCESS TO PATIENT DATA IN A PROSPECTIVE FASHION TO FACILITATE EVALUATIONS OF CLINICAL OUTCOMES.ACCOMPLISHMENTS: PRESENT ENROLLMENT TOTAL IS 1,600 PARTICIPANTS.
BREAST CELL REPOSITORY DESCRIPTION: NORMAL CELLS FROM A DIVERSE COHORT OF PATIENTS IS NEEDED TO IDENTIFY THE CELLULAR MECHANISMS RESPONSIBLE FOR THE WIDE VARIATION IN RESPONSES TO THERAPIES AMONG INDIVIDUALS. THIS EFFORT FOCUSES ON CREATION OF NORMAL BREAST EPITHELIAL CELLS THAT REFLECT THE VARIATION IN THE POPULATION OF WOMEN. METHODS ARE USED TO EXPAND THE CELLS IN VITRO PROVIDING A VERSATILE SOURCE FOR TESTING DIFFERENCES IN SENSITIVITY TO ENVIRONMENTAL CONTAMINANTS AND THERAPEUTIC COMPOUNDS. ACCOMPLISHMENTS: BREAST CELLS FROM 500 INDIVIDUALS AND GROWING. PROCEDURES TO IMMORTALIZE NORMAL BREAST CELLS FROM MOST PATIENTS HAVE BEEN ESTABLISHED. WE HAVE ESTABLISHED IMMORTALIZED CELL LINES FROM NORMAL BREAST EPITHELIUM FROM 17 DONORS REPRESENTING DIVERSE BREAST CANCER RISK. THE CELL LINES ARE GENETICALLY STABLE AND UNIQUE BASED ON GENETIC FINGERPRINTING. THESE ARE BEING USED TO DETERMINE DIFFERENCES IN SUSCEPTIBILITY TO ONCOGENIC TRANSFORMATION CAUSED BY CHEMICALS AND ALTERED CELL SIGNALING.
BIOSPECIMEN RESOURCES & MOLECULAR ANALYSIS FACILITYDESCRIPTION: THE FACILITY MAINTAINS THE EQUIPMENT AND PERSONNEL TO PROVIDE HISTOLOGICAL SERVICES. THIS GROUP ALSO ASSISTS INVESTIGATORS WITH MAINTAINING IRB APPROVALS FOR TISSUE PROCUREMENT. ACCOMPLISHMENTS: SUPPORT SERVICES (HISTOLOGY, MOLECULAR ANALYSES) HAS BEEN USED BY INVESTIGATORS FROM UMASS AMHERST, UMASS MEDICAL SCHOOL, BAYSTATE HEALTH SYSTEMS AS WELL AS SERVING OTHER ACADEMIC SCIENTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Reinhart PHD Vice Chair | OfficerTrustee | 5 | $0 |
Peter Friedmann Chair | OfficerTrustee | 5 | $0 |
Patrick Sheehy Director; Treasurer | OfficerTrustee | 5 | $0 |
Michael Malone PHD Director (end 7/2023) | Trustee | 5 | $0 |
Andrew Mangels Director | Trustee | 5 | $0 |
Keith Parent Director | Trustee | 5 | $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 | $81,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,240 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $81,262 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,388 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,440 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,354 |
| Insurance | $8,798 |
| All other expenses | $0 |
| Total functional expenses | $227,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,092 |
| Savings and temporary cash investments | $0 |
| 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 | $387,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,783 |
| Total assets | $867,391 |
| Accounts payable and accrued expenses | $4,128 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $298,071 |
| Total liabilities | $302,199 |
| Net assets without donor restrictions | $565,192 |
| 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 | $867,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Whitehead Institute For Biomedical Research Cambridge, MA | $896,132,656 | $97,603,749 |
Masonic Medical Research Laboratory Utica, NY | $43,915,688 | $8,083,309 |
Narrows Institute Of Biomedical Research Inc Brooklyn, NY | $2,281,786 | $3,794,366 |
National Biomedical Research Foundation Inc Waltham, MA | $2,381,442 | -$15,816 |
Buffalo Institute For Medical Research Inc Buffalo, NY | $639,812 | $842,004 |
Pioneer Valley Life Sciences Institute Of Baystate Medical Springfield, MA | $867,391 | $81,262 |
The Masooli Project Inc Simsbury, CT | $63,337 | $0 |
Ventilator Project Inc Boston, MA | $770 | $0 |
Sona Global Limited Boston, MA | $47,161 | $0 |