2023-11-09T07:50:28-06:00 2022-12-31 042689883 WOLF & COMPANY PC 255 STATE STREET BOSTON MA 02109 990 2022-01-01 461031913 LAB CENTRAL INC LABC 6178633650 700 MAIN STREET CAMBRIDGE MA 02139 JOHANNES FRUEHAUF PRESIDENT/CEO 6178633650 2023-11-09 1 JOHANNES FRUEHAUF 000009958 0 HARRY A KALAJIAN JR CPA P00464296 6174399700 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHANNES FRUEHAUF 700 MAIN STREET CAMBRIDGE MA 02139 22629616 0 X HTTP://LABCENTRAL.ORG/ X 2012 DE LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENEURS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB. 6 3 108 4 1219856 1118968 6081659 6222655 15565479 16282014 44818 87946 103065 37001 21795021 22629616 0 61571 0 0 6740907 9215588 0 0 0 12351116 12375035 19092023 21652194 2702998 977422 43646817 112390390 20867704 88243847 22779113 24146543 LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENEURS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB. 0 0 18056890 61571 15099159 HELP CREATE THE NEXT GENERATION OF BIOTECH COMPANIES BY PROVIDING ENTREPRENEURS AND INNOVATIVE LIFE SCIENCES STARTUPS WITH THE SPACE AND RESOURCES NEEDED TO TEST OUT, CHALLENGE, AND NURTURE EARLY IDEAS. 18056890 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 1 0 0 1 38 0 1 108 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 6 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X PETER SHANLEY 7814627076 700 MAIN STREET CAMBRIDGE MA 02139 PETER D PARKER SECRETARY/DIRECTOR 3.00 X X 1 0 0 JOHANNES FRUEHAUF MD PHD PRESIDENT 26.00 X X 331505 0 47783 JOHN HARTHORNE DIRECTOR 1.00 X 0 0 0 STEVEN TREGAY PHD CHARIMAN 1.00 X X 0 0 0 SUSAN WINDHAM-BANNISTER DIRECTOR 1.00 X 20000 0 0 JO VINEY DIRECTOR 1.00 X 0 0 0 PETER SHANLEY CFO/TREASURER 30.00 X 269119 0 43641 CELINA C CHANG VP, SCIENCE OPERATION & ST 40.00 X 256554 0 43292 MARGARET E O'TOOLE CHIEF OPERATING OFFICER 40.00 X 350544 0 34510 KRISTA LICATA SR. DIRECTOR 40.00 X 203061 0 40007 GRETCHEN COOK-ANDERSON EXECUTIVE DIRECTOR OF IGNITE 40.00 X 254901 0 15145 MIKE LARHETTE CHIEF BUSINESS OFFICER 36.00 X 316746 0 46882 ANNA WHITLOCK SR. DIR. PEOPLE STRATEGY & CULTURE 40.00 X 205164 0 24370 2207595 0 295630 20 0 1 0 TURNER CONSTRUCTION COMPANY 2 SEAPORT LANE SUITE 200 BOSTON MA 02210 CONSTRUCTION 7400334 TRIUMVIRATE ENVIORNMENTAL 200 INNER BELT RD SOMERVILLE MA 02143 EHS SERVICES 559401 UG2 2 COPLEY PLACE TOWER 2 SUITE 110 BOSTON MA 02116 JANITORIAL SERVICES 483575 EMCOR SERVICES NORTHEAST INC 55 GERBER RD EAST SOUTH WINDSOR CT 06074 HVAC 141167 PERKINS & WILL 225 FRANKLIN ST SUITE 1100 BOSTON MA 02110 ARCHITECTURAL SERVICES 138250 7 83906 6138749 1317345 6222655 INCUBATOR INCOME 541380 13897538 13897538 MANAGEMENT FEE 561000 1219856 1219856 HARVARD LIFE LAB SERVICES 541380 1164620 1164620 16282014 87946 87946 EVENT REVENUE 900099 31386 31386 CCRCT 900099 4910 4910 OTHER INCOME 900099 705 705 37001 22629616 15099159 1219856 87946 61571 61571 877180 616488 260692 5607726 3941145 1666581 398999 326046 72953 1711217 1398339 312878 620466 506703 113763 48539 31162 17377 64525 41425 23100 472050 303057 168993 437703 279075 158628 494857 494907 -50 352409 10956 341453 4732863 4463936 268927 24934 26739 -1805 144003 154427 -10424 2767398 2698213 69185 141816 30696 111120 LAB SUPPLIES & CONSUMAB 898811 898307 504 REPAIRS & MAINTENANCE 737799 737799 ENVIRONMENTAL SVCS & PE 590437 590437 PROVISION FOR INCOME TA 342500 325376 17124 124391 120086 4305 21652194 18056890 3595304 0 12808149 18486924 4245382 1853939 796938 1444990 26114916 13868263 13301198 12246653 12495150 78357884 43646817 112390390 11231722 1473372 2830791 4882112 6805191 81888363 20867704 88243847 X 22779113 24146543 22779113 24146543 43646817 112390390 977422 390008 0 X X 0 1 X 1 0 X 4140378 4949591 5345306 6081659 6222656 26739590 4140378 4949591 5345306 6081659 6222656 26739590 3589918 23149672 76135 128341 78720 44818 87946 415960 12267488 7119461 504780 588896 1219856 21700481 115599 95865 854642 103065 37001 1206172 50062203 0.46240 0.50520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EVENT REVENUE - 2018 AMOUNT: $ 115,599. 2019 AMOUNT: $ 95,865. 2020 AMOUNT: $ 17,152. 2021 AMOUNT: $ 15,582. 2022 AMOUNT: $ 31,386. OTHER REVENUE - 2020 AMOUNT: $ 727,730. 2022 AMOUNT: $ 705. CCRCT - 2020 AMOUNT: $ 109,760. 2021 AMOUNT: $ 87,483. 2022 AMOUNT: $ 4,910. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15811520 6276166 9535354 8338206 5910996 2427210 1965190 1681101 284089 12246653 SECURITY DEPOSIT 864182 OTHER ASSETS 120000 DUE FROM INTERCOMPANY 8032917 INVESTMENT IN SUBSIDIARY 6000000 RIGHT OF USE 63340785 78357884 TENANT DEPOSITS 1328476 RECOVERABLE GRANT 5000000 TENANT DEPOSITS LAB SUPPLIES 297330 LEASE LONG TERM 72507503 SHORT TERM LEASE 2755054 81888363 X PART X, LINE 2: LABCENTRAL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE HAVING RECEIVED FAVORABLE DETERMINATION OF ITS STATUS FROM THE IRS IN A LETTER DATED JUNE 26, 2014. MAINSTPBC IS REQUIRED TO FILE CORPORATE INCOME TAX RETURNS UNDER FEDERAL AND MASSACHUSETTS TAX LAW EVEN IF THERE IS NO ACTIVITY. MASSACHUSETTS ALSO REQUIRES ALL CORPORATIONS TO PAY A MINIMUM TAX IF ACTUAL TAX IS LOWER THAN THE MINIMUM. LAB CENTRAL RECEIVES MANAGEMENT FEES FROM MAINSTPBC IN AN AMOUNT IN EXCESS OF ALLOCATED EXPENSES. THIS REPRESENTS AN UNRELATED BUSINESS ACTIVITY AND REQUIRES LAB CENTRAL TO FILE FORM 990-T EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN. LAB CENTRAL HAS GENERATED NET TAXABLE INCOME AND HAS PROVIDED FOR FEDERAL AND STATE INCOME TAXES. FOR FEDERAL AND STATE INCOME TAXES, DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED BASED UPON TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL STATEMENT AND THE TAX BASIS OF ASSETS AND LIABILITIES. DEFERRED INCOME TAXES ARE BASED UPON PRESCRIBED RATES AND ENACTED LAWS APPLICABLE TO PERIODS IN WHICH DIFFERENCES ARE EXPECTED TO REVERSE. THE COMPANY FOLLOWS ACCOUNTING GUIDANCE REGARDING RECOGNITION, MEASUREMENT, PRESENTATION, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN THE FINANCIAL STATEMENTS. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE COMPANY'S TAX RETURNS, INCLUDING THE POSITION THAT THE COMPANY QUALIFIES AS A TAX EXEMPT ENTITY, ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE UPHELD UNDER REGULATORY REVIEW. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE COMPANY, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 CELLENS INC 700 MAIN ST NORTH CAMBRIDGE MA 02139 15000 0 GRANT QURCAN THERAPEUTICS 700 MAIN ST NORTH CAMBRIDGE MA 02139 15000 0 GRANT SPHERIC BIO 700 MAIN ST NORTH CAMBRIDGE MA 02139 15000 0 GRANT GUARDIAN BIO INC 700 MAIN ST NORTH CAMBRIDGE MA 02139 15000 0 GRANT 4 X X X X 0 0 0 0 0 0 0 0 0 MARGARET E O'TOOLE CHIEF OPERATING OFFICER 350544 0 0 0 0 0 20881 0 13629 0 385054 0 0 0 JOHANNES FRUEHAUF MD PHD PRESIDENT 331505 0 0 0 0 0 19755 0 28028 0 379288 0 0 0 MIKE LARHETTE CHIEF BUSINESS OFFICER 316746 0 0 0 0 0 18859 0 28023 0 363628 0 0 0 PETER SHANLEY CFO/TREASURER 269119 0 0 0 0 0 15995 0 27646 0 312760 0 0 0 CELINA C CHANG VP, SCIENCE OPERATION & ST 256554 0 0 0 0 0 15371 0 27921 0 299846 0 0 0 GRETCHEN COOK-ANDERSON EXECUTIVE DIRECTOR OF IGNITE 254901 0 0 0 0 0 909 0 14236 0 270046 0 0 0 KRISTA LICATA SR. DIRECTOR 203061 0 0 0 0 0 12042 0 27965 0 243068 0 0 0 ANNA WHITLOCK SR. DIR. PEOPLE STRATEGY & CULTURE 205164 0 0 0 0 0 12305 0 12065 0 229534 0 0 0 ASPEN CONSULTING LLC LISA VELARDO, MANAGING DIRECTOR 4000 LISA VELARDO, THE FORMER CFO/TREASURER OF LAB CENTRAL, INC. IS ALSO THE MANAGING DIRECTOR OF ASPEN CONSULTING, LLC WHICH PROVIDES FINANCIAL AND ACCOUNTING SERVICES TO LAB CENTRAL, INC. 0 X LAB EQUIPMENT 14 1317346 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THREE BOARD MEMBERS ARE PARTNERS OF BIOINNOVATION CAPITAL. FORM 990, PART VI, SECTION B, LINE 11B A FULL COPY OF FORM 990 IS MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C LAB CENTRAL, INC. HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES THE BOARD TO REVIEW ALL RELATED PARTY TRANSACTIONS TO ENSURE NO CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT, EXECUTIVE DIRECTORS AND OFFICERS. THE PROCESS INCLUDES USING VARIOUS SOURCES TO EVALUATE THE COMPENSATION FOR EACH INDIVIDUAL. THE ORGANIZATION ALSO COMPLETED AN INDEPENDENT COMPENSATION STUDY. THE BOARD MUST APPROVE THE WRITTEN AGREEMENT. FORM 990, PART VI, SECTION C, LINE 19 LAB CENTRAL, INC.'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST TO THE GENERAL PUBLIC. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR 2022. MAINSTPBC INC 700 MAIN ST CAMBRIDGE MA 02139 LAB SERVICES MA LAB CENTRAL C 23411502 176002195 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 MAINSTPBC INC L 1219856 MANAGEMENT FEES