New Haven Innovation Labs Inc

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

EIN: 873267187 ✦ New haven, CT ✦ Designated as a 501(c)(3)

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Overview

What is New Haven Innovation Labs Inc?

New Haven Innovation Labs Inc is a nonprofit organization, primarily located at 290 Congress Avenue, New Haven, CT 06519. Their primary mission is to enhance the economic growth and development of New Haven and its surrounding regions by alleviating governmental burdens. They achieve this by engaging in scientific research support, specifically focusing on biomedical and other scientific fields. The organization operates an incubator facility for start-up and fledgling companies involved in bioscientific research, promoting collaboration and knowledge sharing among scientists. They also actively contribute to education and training in bioscience and research for local students. Additionally, they participate in activities that support job creation, furthering their commitment to the community.


Official website here: www.newhaveninnovationlabs.org/

Is New Haven Innovation Labs Inc legitimate?

New Haven Innovation Labs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Haven Innovation Labs Inc 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: $0

For more financial information, click here


Official website here: www.newhaveninnovationlabs.org/

What is the mission statement of New Haven Innovation Labs Inc?

New Haven Innovation Labs Inc is committed to promoting and supporting the economic growth of its region, relieving governmental burdens, and advancing scientific research. The corporation achieves this by operating an incubator facility for start-up and fledgling companies engaged in biomedical and other scientific research. This initiative aids in job creation and fosters collaboration among scientists. Additionally, New Haven Innovation Labs Inc supports such research and contributes to education and training in bioscience and research for local students, ultimately aiming to advance scientific knowledge.


Official website here: www.newhaveninnovationlabs.org/

Who is the CEO of New Haven Innovation Labs Inc?

Dr John Geibel is the Director of New Haven Innovation Labs Inc.


Official website here: www.newhaveninnovationlabs.org/

What is the revenue of New Haven Innovation Labs Inc?

New Haven Innovation Labs Inc's revenue in 2022 was $408,452.


Official website here: www.newhaveninnovationlabs.org/

Who are the executives of New Haven Innovation Labs Inc and what are their salaries?


Here are 3 key members and their salaries:


John Geibel (Director)
  • Compensation: $0
  • Related: $322,884
  • Other: $54,711
Christopher Vendola (Director)
  • Compensation: $0
  • Related: $137,907
  • Other: $12,247
Margaret Mason (Director)
  • Compensation: $0
  • Related: $13,932
  • Other: $0


Official website here: www.newhaveninnovationlabs.org/

Where can I find the form 990 for New Haven Innovation Labs Inc?

New Haven Innovation Labs Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.newhaveninnovationlabs.org/

Learn more at the official website: www.newhaveninnovationlabs.org/

Mission Statement of New Haven Innovation Labs Inc

New Haven Innovation Labs, Inc., a nonprofit organization, is committed to promoting and fostering the economic growth of its city and surrounding regions. By relieving governmental burdens, the organization aims to enhance the area's economic health. Additionally, New Haven Innovation Labs supports scientific research, specifically in the biomedical field, with the goal of benefiting its sole member, the John B. Pierce Laboratory, Inc.

The corporation's activities include operating an incubator facility for start-up and emerging companies engaged in biomedical research. This incubator not only provides these companies with a space to grow but also supports their research efforts. Furthermore, New Haven Innovation Labs engages in activities that promote job creation, fostering collaboration and knowledge sharing among scientists. The organization also prioritizes education and training, offering opportunities to local students in the field of bioscience and research.

In summary, New Haven Innovation Labs, Inc. is a nonprofit organization that works towards the economic development of its city and regions. It supports scientific research, particularly in biomedical fields, and provides a platform for start-up and fledgling companies to thrive. The organization also promotes job creation, encourages collaboration among scientists, and offers educational opportunities in bioscience and research to local students.

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Impact




October, 2024

New Haven Innovation Labs Inc has a profound impact on the local economy and scientific community in New Haven and its surrounding regions. By operating an incubator facility for start-up and fledgling companies focused on bio-scientific research, the organization fosters innovation and entrepreneurship. This support not only alleviates governmental burdens but also stimulates job creation, contributing to the overall economic health of the area.

In addition to nurturing new enterprises, New Haven Innovation Labs promotes collaboration and knowledge sharing among scientists, which enhances research capabilities and drives advancements in biomedical science. Their active engagement in supporting scientific research allows for breakthroughs that can have far-reaching benefits for public health and the scientific community.

Furthermore, the organization prioritizes education and training for local students in bioscience and research, which cultivates the next generation of scientists and industry leaders. Through these initiatives, New Haven Innovation Labs significantly advances scientific understanding while empowering the community economically and educationally.




This information is meant to be a general summary of New Haven Innovation Labs Inc. 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
$408,452 (2022)
Expenses
$269,130 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $398,452
  • Gross Receipts: $408,452

Assets and Liabilities:

  • Total Assets: $344,717
  • Total Liabilities: $124,393
  • Net Assets: $220,324

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Programs

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

PARTICPANT FEES

Revenue

$398,452

Organization Details

Founding Year

2021

Principal Officer

Dr John Geibel

Main Address

290 CONGRESS AVENUE, NEW HAVEN, CT, 06519

NTEE Category

Code: S30 - Community improvement

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