Public Charity

MASSACHUSETTS BIOMEDICAL INITIATIVES INC

MASSACHUSETTS BIOMEDICAL INITIATIVES INC is a nonprofit organization categorized as Public Charity based in WORCESTER, MA. Its most recent IRS filing (2024) reports revenue of $5.3M, expenses of $4.2M, total assets of $31.3M. Imperigo tracks 1 reported grant relationships connected to this organization totaling approximately $50K.

EIN: 222636406 WORCESTER, MA Latest filing: 2024
Total Revenue$5.3M
Total Expenses$4.2M
Total Assets$31.3M
Grant Records1
Funding Total$50K
Filing Years2019–2024

Mission

MASSACHUSETTS BIOMEDICAL INITIATIVES, INC. ("MBI OR THE ORGANIZATION") IS A PRIVATE NON-PROFIT CORPORATION FOCUSING ON BUILDING UP CENTRAL MASSACHUSETTS AS A GLOBAL BIOMANUFACTURING HUB. OUR MISSION OF BEING A PARTNER FOR FOSTERING INNOVATION IN THE LIFE SCIENCES IS FULFILLED THROUGH OUR EFFORTS IN STARTUP INCUBATION, WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, AND REGIONAL ADVOCACY.

Officers & Directors

TRUSTEE EMERITUS Abraham W Haddad Dmd Facd
TRUSTEE Allan Guo
TRUSTEE Christopher M Palatucci Phd
VICE CHAIRMAN Chuck Kunsch
TRUSTEE EMERITUS David R Grenon
TRUSTEE D Davidson Easson Jr

Officer compensation and complete director data available with membership.

Top Grant Purposes

MULTIPLE
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $5.3M $4.2M $31.3M
2023 $6.4M $3.6M $30.0M
2022 $4.8M $3.4M $23.7M
2020 $6.0M $2.2M $17.5M
2019 $2.8M $1.9M $12.8M

Between 2019 and 2024, reported annual revenue grew from $2.8M to $5.3M (+89%), with total assets most recently reported at $31.3M.

Interactive year-over-year charts and full filing details available with membership.

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