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New Jersey · Nonprofit

INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP

INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP (New Jersey) receives grants from 1 organization whose IRS filings report $2,176,983 to it, the largest being TRUSTEES OF BOSTON UNIVERSITY ($2,176,983). 1 of them have funded it in more than one year.

Revenue FY2024
$953k
Funders on record
1
Grants received
$2.2M
Net assets
$1.1M
1/1 repeat funderspeak grant-dependency 40%
01What it does

What Institute for Life Science Entrepreneurship does

Mission

The mission of the institute as a gateway for integrating the extraordinary academic, industrial and entrepreneurial resources of the new york/new jersey metropolitan area into a dynamic rapid-response enterprise for advancing basic and translational research and entrepreneurism in the life sciences. It is structured as a non-profit, autonomous life science research institute located on the campus of kean university, in union, new jersey, governed by a board of directors.

As stated on its FY2024 Form 990.

Program

  1. By design, the institute is multidimensional, multidisciplinary, and collaborative. The goal is to accelerate translation of science and technological advances into innovative and practical solutions, which will contribute to economic development, high-skill manufacturing and wealth creation, while feeding back to catalyze the creation of an efficient and effective resource and provide training and experience in entrepreneurship.

    $764,594 spent$423,880 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $764,594.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.7M) Expenses 100 ($1.7M) Net assets 100 ($383k)2018 Revenue 93 ($1.5M) Expenses 79 ($1.4M) Net assets 142 ($545k)2019 Revenue 47 ($784k) Expenses 59 ($1.0M) Net assets 77 ($294k)2020 Revenue 62 ($1.0M) Expenses 52 ($907k) Net assets 109 ($417k)2021 Revenue 62 ($1.0M) Expenses 44 ($762k) Net assets 179 ($686k)2022 Revenue 64 ($1.1M) Expenses 46 ($799k) Net assets 269 ($1.0M)2023 Revenue 55 ($911k) Expenses 47 ($813k) Net assets 293 ($1.1M)2024 Revenue 58 ($953k) Expenses 53 ($923k) Net assets 293 ($1.1M)
'17'18'19'20'21'22'23'24
Revenue (58)Expenses (53)Net assets (293)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.2M to $1.7M (+40%).

$617k
$717k
$448k
$579k
$828k
$1.1M
$1.2M
$1.7M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 12% · 2021 16% · 2022 44% · 2023 5% · 2024 3%. Grants only. Government contracts and fees sit inside program revenue.

53% of INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP’s revenue is contributions — about as donation-reliant as the typical peer (82% for the typical peer).

This organization
Typical peer · 14,893 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

−$82k
’17
$164k
’18
−$248k
’19
$123k
’20
$261k
’21
$261k
’22
$98k
’23
$29k
’24
18
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Keith A Bostian Phd

President/CEO

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed77999999
Joined·+1+2+2+0+0+0+0
No longer listed·1020000
03Who funds it

Who funds it, year by year

2019 → 2023: the base held at 1 funder, grant income rose $29k → $366k.

Funder
'19
'20
'21
'22
'23
'24*
'25*
total
funders
1
1
1
1
1
1
1

From the IRS filings of INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP draws 100% of its grant income from funders outside New Jersey, across 1 state in all.

MA

In-state vs out-of-state, by year

’19
’20
’21
’22
’23
New Jersey out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP holds deeper cash reserves than three-quarters of the 13,754 health nonprofits its size.

Operating margin3% · below the median
Months of reserve18.2mo · top quartile
Revenue growth (annualized)−8% · bottom quartile

this organization peer median middle 50% of peers· 13,754 health nonprofits $100k–$1M, FY2024

Government funding INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $500k on record.

Federal$500k
grants $500kcontracts $0
Top agencies
  • Small Business Administration$500k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New Jersey

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 17%Fundraising 0%

Governance

6
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

68%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NJ

Part of a family of 1 related entity

  • Prokaryotics Inc · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP?
INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP (New Jersey) receives grants from 1 organization whose IRS filings report $2,176,983 to it, the largest being TRUSTEES OF BOSTON UNIVERSITY ($2,176,983). 1 of them have funded it in more than one year.
How many funders does INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP have?
IRS filings report 1 organization giving $2,176,983 in grants to INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP, 1 of which have funded it in more than one year.
Who is the largest funder of INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP?
TRUSTEES OF BOSTON UNIVERSITY is the largest funder on record, with $2,176,983 in grants. The full list of funders is on this page.
How can an organization like INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New Jersey. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Institute for Life Science Entrepreneurship →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing