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Nonprofit · EIN 82-2829364

LIFE SCIENCE WASHINGTON INSTITUTE

Tax-exempt · SEATTLE, WA 98102

Financials

$1M$980K2023$1.1M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of LIFE SCIENCE WASHINGTON INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,065,026$1,062,716$2,310$140,594$54,355$86,239
December 31, 2023990$1,008,599$979,547$29,052$185,020$101,091$83,929
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,065,026
of which government grants
$977,526
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$500,000
Compensation of officers, directors and key employees
$129,495
Other salaries and wages
$222,674
Salaries, compensation and benefits (total)
$401,774
Professional fundraising fees
$0
Accounting fees
$6,600
Travel
$26,211
Program services (functional)
$996,257
Management and general (functional)
$51,246
Fundraising (functional)
$15,213

Balance sheet and other

Total assets, start of year
$185,020
Total assets, end of year
$140,594
Total liabilities, end of year
$54,355
Net assets, end of year
$86,239
Gross receipts
$1,065,026
Employees
5
Volunteers
6
Year formed
2017
State of legal domicile
WA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARC CUMMINGSBOARD CHAIR
Trustee or director, Officer
2$0$377,231$17,250
RICHARD GIERSCHEXECUTIVE DIRECTOR
Officer
40$109,381$0$20,114
AYLIN KIMDIRECTOR OF ENTREPRENEURSHIP
Highest-paid employee
40$102,902$0$18,585
KATHLEEN GOODFELLOWSECRETARY
Officer
3$0$86,137$17,831
JENNIFER MAHLUMTREASURER
Officer
1$0$80,897$17,485
ERIN WILLIAMS HUETERBOARD MEMBER
Trustee or director
1$0$0$0
SCOTT MALONEYBOARD MEMBER
Trustee or director
1$0$0$0
LORETTA LITTLEBOARD MEMBER
Trustee or director
1$0$0$0
SEAN MCCLAINBOARD MEMBER
Trustee or director
1$0$0$0
KAYLA YOUNGBOARD MEMBER
Trustee or director
1$0$0$0
SORAYA BAILEYBOARD MEMBER
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARC CUMMINGSBOARD CHAIR
Trustee or director, Officer
2$0$414,124$20,085
RICHARD GIERSCHEXECUTIVE DIRECTOR
Officer
40$130,500$0$17,874
AYLIN KIMDIRECTOR OF ENTREPRENEURSHIP
Highest-paid employee
40$104,425$0$17,645
KATHLEEN GOODFELLOWSECRETARY
Officer
1$0$86,889$16,261
JENNIFER MAHLUMTREASURER
Officer
1$0$80,037$16,426
LORETTA LITTLEBOARD MEMBER
Trustee or director
1$0$0$0
SCOTT MALONEYBOARD MEMBER
Trustee or director
1$0$0$0
SEAN MCCLAINBOARD MEMBER
Trustee or director
1$0$0$0
KATRINA ROGERSBOARD MEMBER
Trustee or director
1$0$0$0
KAYLA YOUNGBOARD MEMBER
Trustee or director
1$0$0$0
MAGALI EATON PART YEARBOARD MEMBER
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
188 E BLAINE ST STE 150, SEATTLE, WA 98102-6452
In care of
% M P BECKMANN
Principal officer (990 for 2024)
MARC CUMMINGS, 188 E BLAINE ST 150, SEATTLE, WA 98102
Signed the 990
MARC CUMMINGS, EXECUTIVE DIRECTOR
Phone
(206) 456-9567
990-N for 2017 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Patricia Beckmann, 1551 Eastlake Ave E Ste 300, Seattle WA 98102. Mailing address: 1551 Eastlake Ave E Ste 300, Seattle WA 98102. Website: www.lswinstitute.org
Return prepared by
CLARK NUBER PS

Mission

OUR MISSION IS TO PROVIDE SUPPORT TO LIFE SCIENCE ENTREPRENEURS AND START-UP COMPANIES VIA EDUCATIONAL, ECONOMIC AND OTHER RESOURCES CRUCIAL FOR THEIR SUCCESS. WE WANT TO ENSURE LIFE SCIENCE ENTREPRENEURS CONTINUE TO HAVE ACCESS TO THE MENTORING AND RESOURCES THEY REQUIRE TO START AND GROW THEIR COMPANIES.

990 for the year ended December 31, 2024

Program accomplishments

  • LIFE SCIENCE WASHINGTON INSTITUTE AIMS TO ASSIST LIFE SCIENCE RESEARCHERS, ENTREPRENEURS, AND COMPANIES IN BRIDGING THE GAP BETWEEN DISCOVERY AND COMMERCIALIZATION. WE DO THIS THROUGH A BROAD RANGE OF ACTIVITIES, INCLUDING MENTORING SERVICES, REGULAR EDUCATIONAL AND COMPANY SHOWCASE EVENTS, AND THE CREATION OF RESOURCES PERTINENT TO THE ISSUES ASSOCIATED WITH TECHNOLOGY COMMERCIALIZATION IN WASHINGTON STATE.
    Expenses $996,257 · grants $500,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-2829364
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B03)
Assets (IRS master file)
$140,594
Income (IRS master file)
$1,065,026

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,065,026$1,062,716$140,594XML
990December 2023$1,008,599$979,547$185,020XML
990December 2022$299,904$306,748$119,195IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2017
Officer: Patricia Beckmann
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2017≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-2829364).

Questions about LIFE SCIENCE WASHINGTON INSTITUTE

What is the EIN of LIFE SCIENCE WASHINGTON INSTITUTE?
The employer identification number (EIN) of LIFE SCIENCE WASHINGTON INSTITUTE is 82-2829364.
Is LIFE SCIENCE WASHINGTON INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to LIFE SCIENCE WASHINGTON INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIFE SCIENCE WASHINGTON INSTITUTE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LIFE SCIENCE WASHINGTON INSTITUTE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LIFE SCIENCE WASHINGTON INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LIFE SCIENCE WASHINGTON INSTITUTE?
The 990 for the year ended December 31, 2024 names MARC CUMMINGS.
Who are the officers and directors of LIFE SCIENCE WASHINGTON INSTITUTE?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization.
How much revenue does LIFE SCIENCE WASHINGTON INSTITUTE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,065,026, expenses of $1,062,716 and total assets of $140,594 at year end.

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