Massachusetts · Nonprofit
MASSACHUSETTS BIOMEDICAL INITIATIVES INC
MASSACHUSETTS BIOMEDICAL INITIATIVES INC (Massachusetts) receives grants from 5 organizations whose IRS filings report $332,363 to it, the largest being THE GEORGE I ALDEN TRUST ($200,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $5.6M
- Funders on record
- 5
- Grants received
- $332k
- Net assets
- $24M
What Massachusetts Biomedical Initiatives Inc does
Mission
Massachusetts biomedical initiatives, inc. ("mbi or the organization") is a private non-profit corporation focusing on building up central massachusetts as a global biomanufacturing hub. Our mission of being a partner for fostering innovation in the life sciences is fulfilled through our efforts in startup incubation, workforce development, economic development, and regional advocacy.
As stated on its FY2025 Form 990.
Program
Mbi provided startup company incubation services for biomedical companies including biotechnology, medical device, and bioinformatics. Mbi provides flexible and scalable private laboratories, office space, shared equipment, health and safety training and support and supportive business programs to help startup companies grow their team and research, create jobs, and expand the tax base.mbi is a leader of regional workforce development efforts through our biomanufacturing workforce initiative, workforce challenge, and increasing diversity in stem grants. Mbi helps work between industry and academia to find employment gaps to help connect residents into through certificate programming. Mbi leads regional biomanufacturing related economic development efforts including the promotion of emerging bio-food and bio-material sectors. This work helps create economic opportunity for area residents, increase the tax base, and achieve federal priorities in promoting domestic biomanufacturing, securing supply chains, and achieving our nation's sustainability goals.
$3,907,177 spentof which $124,825 as grants$3,412,486 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $3,907,177.
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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $24M to $30M (+26%).
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.
Government-grant reliance: 2017 15% · 2018 14% · 2019 35% · 2020 66% · 2021 22% · 2022 41% · 2023 46% · 2024 16% · 2025 17%. Grants only. Government contracts and fees sit inside program revenue.
18% of MASSACHUSETTS BIOMEDICAL INITIATIVES INC’s revenue is contributions — about as donation-reliant as the typical peer (68% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
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
Jon Weaver
President & CEO
Board chair
Robert J Anderson Cpa
Chairman
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2018 and FY2019 filings.
Who funds it, year by year
2019 → 2023: the base held at 1 funder, grant income fell $2k → $41.
2 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MASSACHUSETTS BIOMEDICAL INITIATIVES INC’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.
How concentrated its funding is
MASSACHUSETTS BIOMEDICAL INITIATIVES INC leans on a few funders — its largest provides 60% of grant income and the top three 98%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2019 100% · 2020 100% · 2021 100% · 2022 99% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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
100% of MASSACHUSETTS BIOMEDICAL INITIATIVES INC's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Against its field
MASSACHUSETTS BIOMEDICAL INITIATIVES INC runs a healthier operating margin than three-quarters of the 234 science & tech nonprofits its size.
this organization peer median middle 50% of peers· 234 science & tech nonprofits $1M–$10M, FY2025
Government funding MASSACHUSETTS BIOMEDICAL INITIATIVES INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $252k on record.
- Department of Commerce$252k
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 MASSACHUSETTS BIOMEDICAL INITIATIVES INC
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 Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
38%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for MASSACHUSETTS BIOMEDICAL INITIATIVES INC: 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.
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 MASSACHUSETTS BIOMEDICAL INITIATIVES INC?
- MASSACHUSETTS BIOMEDICAL INITIATIVES INC (Massachusetts) receives grants from 5 organizations whose IRS filings report $332,363 to it, the largest being THE GEORGE I ALDEN TRUST ($200,000). 2 of them have funded it in more than one year.
- How many funders does MASSACHUSETTS BIOMEDICAL INITIATIVES INC have?
- IRS filings report 5 organizations giving $332,363 in grants to MASSACHUSETTS BIOMEDICAL INITIATIVES INC, 2 of which have funded it in more than one year.
- Who is the largest funder of MASSACHUSETTS BIOMEDICAL INITIATIVES INC?
- THE GEORGE I ALDEN TRUST is the largest funder on record, with $200,000 in grants. The full list of funders is on this page.
- How can an organization like MASSACHUSETTS BIOMEDICAL INITIATIVES INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 5 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 22, 2026. What this page cannot tell you · view filing