Overview
What is Life Sciences Greenhouse Of Central Pa?
Life Sciences Greenhouse of Central Pa is a nonprofit organization situated in Harrisburg, Pennsylvania, specifically at 3211 N Front Street Suite 201. Established with the mission to stimulate economic growth and job creation in the greater Central Pennsylvania region, they achieve this goal by commercializing discoveries in the life sciences sector. Once an investment is made, the organization offers ongoing support to the portfolio companies, assuming roles such as directors or board observers and providing management assistance. With a small team of four dedicated individuals, Life Sciences Greenhouse of Central Pa plays a pivotal role in fostering innovation and business development within the life sciences industry in the region.
Official website here: www.lsgpa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Life Sciences Greenhouse Of Central Pa has received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. While the organization demonstrates strong governance with a fully independent board and effective audit processes, its overall accountability and finance score reveals deficiencies that detract from its credibility.
One of the key strengths of the organization includes a robust governance structure, with 92% independent board members and no material diversion of assets. Additionally, it has established policies for conflict of interest and whistleblower protections, showcasing a commitment to ethical operations. However, the absence of posted financial statements on its website and a concerning liabilities to assets ratio indicate potential financial instability.
Furthermore, the program expense ratio is notably low at 31.17%, suggesting that a significant portion of its resources may not be directly benefiting its intended programs. This raises questions about the efficiency of resource allocation, which is a critical factor for donor confidence and ongoing support.
This AI summary has been generated from information found on Charity Navigator.
Is Life Sciences Greenhouse Of Central Pa legitimate?
Life Sciences Greenhouse Of Central Pa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Sciences Greenhouse Of Central Pa submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $972,237
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,918
For more financial information, click here
Official website here: www.lsgpa.com
What is the mission statement of Life Sciences Greenhouse Of Central Pa?
The Life Sciences Greenhouse of Central Pa was established with a mission to stimulate economic growth and job creation in its region. This is achieved by commercializing discoveries in the life sciences sector. Upon making an initial investment, the organization provides ongoing support to its portfolio companies, offering services such as acting as a director or board observer and providing management assistance.
Official website here: www.lsgpa.com
Who is the CEO of Life Sciences Greenhouse Of Central Pa?
Michele Washko is the Pres/Ceo(Til of Life Sciences Greenhouse Of Central Pa. The CEO's salary of Life Sciences Greenhouse Of Central Pa is $123,731 and their total compensation is $175,327.
Official website here: www.lsgpa.com
What is the revenue of Life Sciences Greenhouse Of Central Pa?
Life Sciences Greenhouse Of Central Pa's revenue in 2022 was $1,539,701.
Official website here: www.lsgpa.com
Who are the executives of Life Sciences Greenhouse Of Central Pa and what are their salaries?
The average compensation at Life Sciences Greenhouse Of Central Pa during 2022 was $258,289. There are 4 employees and 13 volunteers at Life Sciences Greenhouse Of Central Pa.
Here are 17 key members and their salaries (Life Sciences Greenhouse Of Central Pa's CEO's salary is $123,731 and their total compensation is $175,327):
- Compensation: $123,731
- Related: $0
- Other: $51,596
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- Compensation: $320,201
- Related: $0
- Other: $46,340
- Compensation: $258,304
- Related: $0
- Other: $47,816
- Compensation: $270,000
- Related: $0
- Other: $9,681
Official website here: www.lsgpa.com
Where can I find the form 990 for Life Sciences Greenhouse Of Central Pa?
Life Sciences Greenhouse Of Central Pa's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsgpa.com
Learn more at the official website: www.lsgpa.com
Mission Statement of Life Sciences Greenhouse Of Central Pa
Life Sciences Greenhouse of Central Pa, established with a mission, aims to stimulate economic growth and create job opportunities within the greater Central Pennsylvania region. They accomplish this by focusing on the commercialization of discoveries in the life sciences sector. By investing in and supporting portfolio companies, they provide valuable assistance, serving as directors or board observers and offering management guidance, thereby contributing to the success of these ventures.
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Impact
July, 2024
The Life Sciences Greenhouse Of Central Pa has a significant impact on the economic growth and job creation in the greater Central Pennsylvania region. By focusing on the commercialization of discoveries in the life sciences, the organization plays a vital role in nurturing innovation and supporting entrepreneurs in this sector. Through their portfolio company support, they provide ongoing assistance to companies, which can lead to the development of new products, services, and technologies. This, in turn, contributes to the overall community improvement by creating new job opportunities and fostering economic development in the region.
This information is meant to be a general summary of Life Sciences Greenhouse Of Central Pa. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $479,344
- Program Service Revenue: $47,500
- Gross Receipts: $4,754,453
Assets and Liabilities:
- Total Assets: $23,334,337
- Total Liabilities: $4,037,134
- Net Assets: $19,297,203
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERSONNEL SERVICES
Revenue
$47,500
Organization Details
Founding Year
2002
Phone
(717) 635-2100Principal Officer
Michele Washko
Main Address
3211 N FRONT STREET SUITE 201, HARRISBURG, PA, 17110
Website
www.lsgpa.comNTEE Category
Code: S40 - Community improvement
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