Nucleate Bio Inc
- Assets
- $743.7k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Brighton, MA
- Founding
- Data as of
- 12/2023
- EIN
- 86-3225994
Organization Overview
Nucleate Bio Inc is located in Brighton, MA. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2023, Nucleate Bio Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nucleate Bio 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 12/2023, Nucleate Bio Inc generated $2.6m in total revenue. All expenses for the organization totaled $2.4m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER TOMORROW'S BIOTECH LEADERS BY EDUCATING TODAY'S ACADEMIC TRAINEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OACTIVATOR PROGRAM - THE GOAL OF THE NUCLEATE "ACTIVATOR" PROGRAM IS TO PROVIDE A RIGOROUS AND COMPREHENSIVE EDUCATIONAL EXPERIENCE TO FUTURE BIOTECH ENTREPRENEURS. OUR CORE CURRICULUM CONSISTS OF BI-WEEKLY WORKSHOPS HELD THROUGHOUT THE SPRING, AND CULMINATES IN A FINAL PITCH EVENT WHERE TEAMS SHOWCASE THEIR COMPANIES TO A LARGE AUDIENCE OF INDUSTRY STAKEHOLDERS.THE WORKSHOPS, CREATED IN COLLABORATION WITH OUR WORLD-CLASS ADVISORS, ARE STRUCTURED TO ADDRESS CRITICAL ASPECTS OF EARLY-STAGE LIFE SCIENCE COMPANY FORMATION. TOGETHER, THEY ARE DESIGNED TO PROVIDE A ROADMAP FOR TRANSLATING AND COMMERCIALIZING EARLY-STAGE TECHNOLOGY CONCEPTS.EACH WORKSHOP CONSISTS OF THREE PARTS:1) PRE-WORK - TEAMS PREPARE SLIDES AND DISCUSSION TOPICS AHEAD OF EACH WORKSHOP, WHICH ARE CIRCULATED TO WORKSHOP EXPERTS IN ADVANCE. AT THE END OF THE PROGRAM, THESE SLIDES WILL FORM THE BUILDING BLOCKS OF THEIR FINAL 10-15 MINUTE POLISHED PITCH DECK.2) HANDS-ON FEEDBACK - DURING THE 2-HOUR WORKSHOPS, TEAMS ARE PAIRED WITH EXPERTS RELEVANT TO THEIR TARGETED MARKET AND/OR TECHNOLOGY WHO PROVIDE FEEDBACK ON THE MATERIALS PRESENTED BY THE TEAMS.3) POST-WORK - AFTER EACH WORKSHOP, TEAMS INTEGRATE EXPERT FEEDBACK AND PROVIDE AN ON TOPIC, ONE PARAGRAPH WRITTEN SUMMARY OUTLINING WHAT WAS LEARNED AND WHAT QUESTIONS ARE STILL OUTSTANDIN. THE POST-WORK SUMMARY FROM EACH WORKSHOP WILL FUNCTION AS A BUILDING BLOCK FOR THE FINAL BUSINESS PLAN.BY THE END OF THE PROGRAM, TEAMS WILL LEAVE WITH A POLISHED PITCH DECK, WRITTEN BUSINESS PLAN, FUNDRAISING STRATEGY, AND A NETWORK OF RELEVANT INDUSTRY ADVISORS AND MENTORS. THIS YEAR, OUR CURRICULUM WILL BE MANAGED AND ADMINISTERED THROUGH THE EDUFLOW PLATFORM TO CREATE AN INTEGRATED, UNIFORM, AND SEAMLESS EXPERIENCE FOR PARTICIPANTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soufiane Aboulhouda President | OfficerTrustee | 1 | $0 |
Oliver Dodd Treasurer | OfficerTrustee | 1 | $0 |
Matthew Lanchantin Secretary | OfficerTrustee | 1 | $0 |
Sofia Guererra Director | Trustee | 0.25 | $0 |
Marissa Pettit Jones Vice President | OfficerTrustee | 1 | $0 |
Peter Barrett Director | Trustee | 0.25 | $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 | $2,552,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,552,896 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $2,574,023 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,700 |
| 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 | $183,772 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,889 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,148 |
| Fees for services: Accounting | $55,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $354,880 |
| Advertising and promotion | $33,955 |
| Office expenses | $31,755 |
| Information technology | $109,750 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $602,506 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,379,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $89,680 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $743,650 |
| Accounts payable and accrued expenses | $42,912 |
| Grants payable | $0 |
| Deferred revenue | $186,431 |
| 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 | $0 |
| Total liabilities | $229,343 |
| Net assets without donor restrictions | $296,244 |
| Net assets with donor restrictions | $218,063 |
| 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 | $743,650 |