71
Massachusetts Biomedical Initiatives
Science & Technology · Worcester, Massachusetts
17 Briden Street, Worcester, MA 01605-2662
EIN: 222636406· Founded: Dec 1985· 41 years active· Filing Year: 2022
Annual Revenue
$4.8M
Total Expenses
$3.4M
Total Assets
$23.7M
Program Spending
73%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$413K
12.1% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$247K
Total Payroll
$660K
19% of total expenses
Where the Money Goes
73%
Programs: 73%
Payroll: 19%
Other overhead: 27%
Program Revenue$2.5M (52%)
Total Expenses$3.4M (72%)
Payroll$660K (19%)
Overhead (non-program)27%
Trust Score Breakdown
Program Spending Ratio
73% of expenses go to programs
Revenue & Stability
$4.8M annual revenue
Executive Compensation
$413K total officer comp (12.1% of expenses)
Filing Recency
Most recent filing: 2022
Asset Strength
$23.7M in assets
Similar Science & Technology Nonprofits in Massachusetts
Data from IRS Form 990 filing (2022). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.