Life Science Cares Inc

Organization Overview

Life Science Cares Inc is located in Cambridge, MA. The organization was established in 2016. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2021, Life Science Cares Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Science Cares 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 12/2021, Life Science Cares Inc generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 55.0% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Life Science Cares Inc has awarded 181 individual grants totaling $7,212,445. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LIFE SCIENCE CARES IS A COLLECTIVE EFFORT OF THE LIFE SCIENCE INDUSTRY TO ELIMINATE THE IMPACT OF POVERTY ON OUR NEIGHBORS IN THE BOSTON, PHILADELPHIA, SAN DIEGO AND SAN FRANCISCO BAY AREAS. THROUGH UNITING THE HUMAN AND FINANCIAL RESOURCES OF LIFE SCIENCE COMPANIES AND INDUSTRY LEADERS, WE SUPPORT SERVICE ORGANIZATIONS THAT DO THE BEST WORK IN FIGHTING POVERTY IN OUR COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVICE ORGANIZATION SUPPORT: LIFE SCIENCE CARES, INC. PROVIDES HUMAN CAPITAL, IN-KIND DONATIONS AND FINANCIAL RESOURCES (DONATIONS / GRANTS) TO LOCAL PARTNER SERVICE ORGANIZATIONS THAT HAVE THE SAME COMMON GOAL, TO HELP FIGHT POVERTY IN THE SURROUNDING COMMUNITY. PARTNER ORGANIZATIONS ARE BROUGHT BEFORE THE BOARD AND THEN APPROVED. IN 2021, LIFE SCIENCE CARES SUPPORTED 64 NONPROFIT ORGANIZATIONS ACROSS OUR FOUR SITES, PROVIDING ACCESS TO BASIC NEEDS, ACCESS TO EDUCATION & ACCESS TO OPPORTUNITY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$11,480
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,214,803
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,226,283
Total Program Service Revenue$0
Investment income $136
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $883
Net Income from Fundraising Events $61,849
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,289,428

Grants Awarded

Over the last fiscal year, Life Science Cares Inc has awarded $2,828,865 in support to 58 organizations.

Grant RecipientAmount

ALAS AYUDANDO LATINOS A SONAR

Org PageRecipient Profile

El Granada, CA

PURPOSE: DONATION TO ASSIST THE NONPROFIT

$250,000

FOOD FOR FREE COMMITTEE INCORPORATED

Org PageRecipient Profile

Cambridge, MA

PURPOSE: DONATION TO ASSIST THE NONPROFIT

$150,000

EAST BOSTON NEIGHBORHOOD HEALTH CENTER

Org PageRecipient Profile

East Boston, MA

PURPOSE: DONATION TO ASSIST THE NONPROFIT

$100,000

MARCUS FOSTER EDUCATION INSTITUTE

PURPOSE: DONATION TO ASSIST THE NONPROFIT

$100,000

Minneapolis, MN

PURPOSE: DONATION TO ASSIST THE NONPROFIT

$100,000

FAMILY AID BOSTON

Org PageRecipient Profile

Boston, MA

PURPOSE: DONATION TO ASSIST THE NONPROFIT

$97,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 24 grants that Life Science Cares Inc has recieved totaling $1,365,867.

Awarding OrganizationAmount
Gilead Sciences Foundation

Foster City, CA

PURPOSE: SUPPORTING EQUITY ON THE COASTSIDE. LIFE SCIENCE CARES BAY AREA IMPACT SPONSORSHIP.

$750,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$130,850
Downing Giving Foundation

Philadelphia, PA

PURPOSE: ELIMINATE THE IMPACT OF POVERTY ON OUR NEIGHBORS IN THE GREATER BOSTON AREA.

$100,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$83,615
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$50,000
Silicon Valley Bank Foundation

Santa Clara, CA

PURPOSE: THE MISSION OF LIFE SCIENCE CARES IS TO LEVERAGE THE INTELLECTUAL, FINANCIAL, AND HUMAN CAPITAL OF THE LIFE SCIENCES INDUSTRY IN AN EFFORT TO REDUCE THE EFFECTS OF POVERTY IN BOSTON.

$50,000
View Grant Recipient Profile

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