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Institute For Life Science Entrepreneurship

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 465632420 ✦ Union, NJ ✦ Designated as a 501(c)(3)

Overview

What is Institute For Life Science Entrepreneurship?

The Institute for Life Science Entrepreneurship is a multidisciplinary, collaborative nonprofit organization based in Union, New Jersey. Situated on the campus of Kean University, its primary objective is to foster the translation of scientific and technological advancements into practical solutions. This mission contributes to economic development, stimulates high-skill manufacturing, and encourages wealth creation. The institute serves as a bridge between academic, industrial, and entrepreneurial resources in the New York/New Jersey metropolitan area, creating a dynamic and rapid-response enterprise for advancing basic and translational research in the life sciences. The institute, governed by a board of directors, aims to provide training and experience in entrepreneurship, contributing to an efficient and effective resource for the life sciences sector. With a workforce of six individuals, the Institute for Life Science Entrepreneurship is dedicated to accelerating innovation and driving progress in the field.


Official website here: www.ilsebio.com

Is Institute For Life Science Entrepreneurship legitimate?

Institute For Life Science Entrepreneurship is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Life Science Entrepreneurship 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.

Here are some key statistics you may want to consider:

Executive Compensation: $264,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $263,188

For more financial information, click here


Official website here: www.ilsebio.com

What is the mission statement of Institute For Life Science Entrepreneurship?

The Institute for Life Science Entrepreneurship aims to serve as a bridge, integrating the robust academic, industrial, and entrepreneurial resources within the New York/New Jersey metropolitan area. This integration is designed to create a dynamic, rapid-response enterprise that actively promotes advancements in both fundamental and translational research, as well as entrepreneurship, in the life sciences field. Structured as a non-profit, autonomous life science research institution, it operates under the guidance of a board of directors.


Official website here: www.ilsebio.com

Who is the CEO of Institute For Life Science Entrepreneurship?

Dr Keith Bostian is the President/Ceo of Institute For Life Science Entrepreneurship. The CEO's salary of Institute For Life Science Entrepreneurship is $0 and their total compensation is $0.


Official website here: www.ilsebio.com

What is the revenue of Institute For Life Science Entrepreneurship?

Institute For Life Science Entrepreneurship's revenue in 2022 was $1,059,927.


Official website here: www.ilsebio.com

Who are the executives of Institute For Life Science Entrepreneurship and what are their salaries?

The average compensation at Institute For Life Science Entrepreneurship during 2022 was $87,876. There are 6 employees and 6 volunteers at Institute For Life Science Entrepreneurship.

Here are 9 key members and their salaries (Institute For Life Science Entrepreneurship's CEO's salary is $0 and their total compensation is $0):

    Ajay Kumar (Vice President)
  • Compensation: $150,000
  • Related: $75,000
  • Other: $159

    • Tom Richardson (President)
  • Compensation: $97,479
  • Related: $48,740
  • Other: $11,045

    • Robert Mclaughlin (Vice President Of Research)
  • Compensation: $155,000
  • Related: $0
  • Other: $546

    • Keith A Bostian Phd (President/Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Demain (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Hanlon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Deberardine (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandra Powell-Elliott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Brannen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ilsebio.com

    Where can I find the form 990 for Institute For Life Science Entrepreneurship?

    The Institute For Life Science Entrepreneurship’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ilsebio.com

    Learn more at the official website: www.ilsebio.com

    Mission Statement of Institute For Life Science Entrepreneurship

    The Institute for Life Science Entrepreneurship serves as a bridge, integrating the exceptional academic, industrial, and entrepreneurial resources of the New York/New Jersey metropolitan area. Its mission is to establish a dynamic, rapid-response enterprise that fosters advancements in both fundamental and translational research and entrepreneurship in the life sciences. This non-profit organization, governed by a board of directors, operates as an autonomous life science research institute, contributing significantly to the field by leveraging the collective resources of its surrounding region.

    Impact

    This information is meant to be a general summary of Institute For Life Science Entrepreneurship. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Institute For Life Science Entrepreneurship serves as a gateway for integrating academic, industrial, and entrepreneurial resources in the New York/New Jersey metropolitan area to accelerate the translation of scientific and technological advances into practical solutions. By fostering collaboration and innovation, the Institute contributes to economic development, high-skill manufacturing, and wealth creation. Through its multidimensional and multidisciplinary approach, the Institute catalyzes the creation of an efficient and effective resource while providing training and experience in entrepreneurship. The Institute's focus on advancing basic and translational research in the life sciences not only drives progress in medical research but also nurtures a dynamic, rapid-response enterprise for entrepreneurship in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $134
  • Program Service Revenue: $588,829
  • Gross Receipts: $1,059,927

    • Assets and Liabilities:
  • Total Assets: $1,079,920
  • Total Liabilities: $49,938
  • Net Assets: $1,029,982
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONSULTING INCOME

    Revenue

    $348,126

    RENTAL INCOME

    Revenue

    $240,703

    Organization Details

    Founding Year

    2014

    Principal Officer

    Dr Keith Bostian

    Main Address

    1000 MORRIS AVENUE STEM BUILDING, UNION, NJ, 07083

    NTEE Category

    Code: H99 - Medical research

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