Overview
What is Pittsburgh Life Sciences Greenhouse?
Pittsburgh Life Sciences Greenhouse (PLSG) is a nonprofit organization located at 2403 SIDNEY STREET 200, Pittsburgh, PA 15203. Its mission is to foster the growth of the life sciences industry in western Pennsylvania by leveraging the region's academic and medical resources. PLSG accomplishes this by providing seasoned executives as Executives in Residence (EIR) to early-stage life sciences companies, offering their services free of charge. In the current year, the value of these services totalled nearly $650,000 for 32 companies. Since its inception, PLSG EIRs have provided over $14 million worth of services to 505 companies. Additionally, PLSG has made 235 investments in 90 companies, amounting to over $22.4 million. With a team of 15 dedicated individuals, PLSG serves as an economic development engine for the life sciences sector in western Pennsylvania.
Official website here: www.plsg.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
The Pittsburgh Life Sciences Greenhouse has achieved a 75% rating, reflecting a solid performance in accountability and finance. The rating is derived entirely from their accountability and finance metrics, showcasing a strong commitment to transparency and governance with 85% of their board members being independent. They score full points for having policies on conflict of interest, whistleblower protections, and document retention, indicating a robust governance structure.
Despite the strengths in governance and transparency, the organization faces challenges in financial ratios. With a program expense ratio of 64.09%, they demonstrate a reasonable focus on programmatic spending, but their liabilities to assets ratio of 156.19% raises concerns about financial stability. This suggests that the organization may be relying heavily on debt compared to its assets, which could affect long-term sustainability.
Overall, while the Pittsburgh Life Sciences Greenhouse exhibits commendable accountability and financial practices, stakeholders may want to consider the implications of their financial ratios when assessing the organization's overall health and future prospects.
This AI summary has been generated from information found on Charity Navigator.
Is Pittsburgh Life Sciences Greenhouse legitimate?
Pittsburgh Life Sciences Greenhouse is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pittsburgh Life Sciences Greenhouse 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,299
For more financial information, click here
Official website here: www.plsg.com
What is the mission statement of Pittsburgh Life Sciences Greenhouse?
The Pittsburgh Life Sciences Greenhouse, serving as an economic development engine, leverages the intellectual capital of renowned universities and medical facilities in the region. Its mission is to establish life sciences companies, accelerating the transition of technological developments into commercialization, thereby speeding up the process from innovation to market. This organization aims to foster the growth of the life sciences industry in Western Pennsylvania.
Official website here: www.plsg.com
Who is the CEO of Pittsburgh Life Sciences Greenhouse?
Diana Cugliari is the President & Ceo of Pittsburgh Life Sciences Greenhouse. The CEO's salary of Pittsburgh Life Sciences Greenhouse is $229,333 and their total compensation is $261,688.
Official website here: www.plsg.com
What is the revenue of Pittsburgh Life Sciences Greenhouse?
Pittsburgh Life Sciences Greenhouse's revenue in 2022 was -$942,874.
Official website here: www.plsg.com
Who are the executives of Pittsburgh Life Sciences Greenhouse and what are their salaries?
The average compensation at Pittsburgh Life Sciences Greenhouse during 2022 was $32,353. There are 15 employees and 6 volunteers at Pittsburgh Life Sciences Greenhouse.
Here are 8 key members and their salaries (Pittsburgh Life Sciences Greenhouse's CEO's salary is $229,333 and their total compensation is $261,688):
- Compensation: $229,333
- Related: $0
- Other: $32,355
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $156,563
- Related: $0
- Other: $18,788
Official website here: www.plsg.com
Where can I find the form 990 for Pittsburgh Life Sciences Greenhouse?
Pittsburgh Life Sciences Greenhouse's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.plsg.com
Learn more at the official website: www.plsg.com
Mission Statement of Pittsburgh Life Sciences Greenhouse
Pittsburgh Life Sciences Greenhouse, abbreviated as PLSG, is dedicated to fostering the growth of the life sciences industry in Western Pennsylvania. The organization's mission is to serve as the economic development engine behind this sector. By leveraging the intellectual capital of the region's renowned universities and medical facilities, PLSG aims to establish life sciences companies. This strategic approach is designed to expedite the journey from technology development to commercialization, ultimately contributing to the advancement of the life sciences industry as a whole.
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Impact
October, 2024
Pittsburgh Life Sciences Greenhouse (PLSG) significantly impacts the growth and development of the life sciences industry in Western Pennsylvania. By fostering innovation and providing essential support to early-stage life sciences companies, PLSG plays a crucial role in transforming intellectual capital from the region's renowned universities and medical facilities into viable commercial entities.
Through its executive program, PLSG offers seasoned life sciences executives as Executives in Residence (EIR) to help guide these emerging companies. In the current year alone, the value of services provided free of charge to 32 companies approached $650,000, showcasing the immense value PLSG brings to local entrepreneurs. Since its inception, the organization has assisted a total of 505 companies, providing over $14 million worth of services that significantly bolster their development.
Additionally, PLSG has invested over $22.4 million into 90 different companies through 235 investment transactions. This financial support, combined with mentorship and strategic guidance, helps accelerate the commercialization of new technologies and products, positioning the region as a hub for life sciences innovation. Overall, PLSG serves as an economic development engine that strengthens the life sciences landscape in Western Pennsylvania, ultimately driving growth and enhancing the local economy.
This information is meant to be a general summary of Pittsburgh Life Sciences Greenhouse. 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: -$2,479,976
- Program Service Revenue: $196,904
- Gross Receipts: $2,213,263
Assets and Liabilities:
- Total Assets: $3,904,625
- Total Liabilities: $6,099,387
- Net Assets: -$2,194,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$196,904
Organization Details
Founding Year
2001
Phone
(412) 201-7370Principal Officer
Diana Cugliari
Main Address
2403 SIDNEY STREET 200, PITTSBURGH, PA, 15203
Website
www.plsg.comNTEE Category
Code: V05 - Social research
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