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Life Science Washington Institute

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

EIN: 822829364 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Life Science Washington Institute?

Life Science Washington Institute is a nonprofit organization situated in Seattle, Washington. Their primary mission is to assist life science researchers, entrepreneurs, and companies in bridging the gap between scientific discoveries and commercialization. They accomplish this through various activities, such as offering mentoring services, organizing educational events, and creating resources related to technology commercialization in Washington State. The institute is committed to supporting life science entrepreneurs and start-up companies by providing them with essential resources and mentorship, ensuring their continued growth and success. With a team of three individuals, they strive to foster an environment that nurtures innovation and drives advancements in the life science sector.


Official website here: www.lswinstitute.org

Is Life Science Washington Institute legitimate?

Life Science Washington Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Science Washington Institute 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: $104,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,520

For more financial information, click here


Official website here: www.lswinstitute.org

What is the mission statement of Life Science Washington Institute?

The Life Science Washington Institute's mission is centered around supporting life science entrepreneurs and start-up companies. They accomplish this by providing essential educational, economic, and other resources crucial for the entrepreneurs' success. The organization aims to ensure that these innovators continue to have access to the mentoring and resources necessary to launch and grow their companies. The institute assists life science researchers, entrepreneurs, and companies in bridging the gap between discovery and commercialization through various activities such as mentoring services, educational events, and creating relevant resources related to technology commercialization issues in Washington State.


Official website here: www.lswinstitute.org

Who is the CEO of Life Science Washington Institute?

Rich Giersch is the Board Chair of Life Science Washington Institute.


Official website here: www.lswinstitute.org

What is the revenue of Life Science Washington Institute?

Life Science Washington Institute's revenue in 2022 was $299,904.


Official website here: www.lswinstitute.org

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

The average compensation at Life Science Washington Institute during 2022 was $68,840. There are 3 employees and 6 volunteers at Life Science Washington Institute.


Here are 8 key members and their salaries:


Marc Cummings (Board Chair)
  • Compensation: $0
  • Related: $289,462
  • Other: $8,302
Loretta Little (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Maloney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Mcclain (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katrina Rogers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kayla Young (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Magali Eaton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Giersch (Executive Director)
  • Compensation: $104,000
  • Related: $0
  • Other: $0


Official website here: www.lswinstitute.org

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

Life Science Washington Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lswinstitute.org

Learn more at the official website: www.lswinstitute.org

Mission Statement of Life Science Washington Institute

Life Science Washington Institute, a nonprofit organization, is dedicated to supporting life science entrepreneurs and start-up companies. Their mission is to provide these innovators with essential educational, economic, and other resources necessary for their success. The institute aims to ensure that life science entrepreneurs continue to have access to the mentoring and resources they require, enabling them to start and grow their companies effectively. By offering a wide range of activities such as mentoring services, regular educational events, and creating resources relevant to technology commercialization issues in Washington State, Life Science Washington Institute bridges the gap between discovery and commercialization in the life science sector.

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Impact




October, 2024

Life Science Washington Institute significantly impacts the landscape of life science entrepreneurship and innovation. It supports researchers and start-ups by facilitating their journey from discovery to commercialization. By offering a range of services including mentoring, educational programs, and company showcase events, it helps companies navigate the challenges of the life science sector.

Through its initiatives, the institute ensures that entrepreneurs have continuous access to vital resources and expertise. This support not only enhances the success rates of nascent companies but also drives economic growth in Washington State's life sciences sector, fostering a robust ecosystem of innovation. The institute's commitment to education and resource availability positions it as a crucial ally for those looking to make meaningful advancements in the field of life sciences.




This information is meant to be a general summary of Life Science Washington Institute. 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.

Revenue
$299,904 (2022)
Expenses
$306,748 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $299,904

Assets and Liabilities:

  • Total Assets: $119,195
  • Total Liabilities: $64,318
  • Net Assets: $54,877

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Organization Details

Founding Year

2017

Principal Officer

Rich Giersch

Main Address

188 E BLAINE ST 150, SEATTLE, WA, 98102

NTEE Category

Code: B03 - Education

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