2025-11-14T15:44:56-06:00 2024-12-31 042088368 GRAY GRAY & GRAY LLP 150 ROYALL STREET SUITE 102 CANTON MA 02021 990 2024-01-01 461031913 LAB CENTRAL INC LABC 6178633650 700 MAIN STREET CAMBRIDGE MA 02139 PETER DONOVAN SR. DIRECTOR, FINANCE & ACCOUNTING 6178633650 2025-11-14 1 1 DEREK B RAWLS P01253428 7814070300 2025-11-14 2024 2025-03-06 01:10:19Z PETER DONOVAN 700 MAIN STREET CAMBRIDGE MA 02139 27342387 0 X HTTP://LABCENTRAL.ORG/ X 2012 DE LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENUERS, AND A FULLY FUNCTIONAL LIFE SCIENCES LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB. 6 3 102 4 1564800 1438616 7154420 8105753 16661431 18145972 565201 968640 119306 122022 24500358 27342387 113419 78000 0 0 10938727 11007808 0 0 0 13824694 13443397 24876840 24529205 -376482 2813182 109041639 110671425 84873666 83200569 24167973 27470856 LAB CENTRAL SUPPORTS CREATION OF INNOVATIVE STARTUP BIOTECHNOLOGY COMPANIES BY PROVIDING A WORLD-CLASS ENVIRONMENT FOR ENTREPRENUERS, AND A FULLY FUNCTIONAL LIFE SCIENCE LABORATORY WITHIN THE KENDALL SQUARE INNOVATION HUB. 0 0 19016311 78000 16703194 HELP CREATE THE NEXT GENERATION OF BIOTECH COMPANIES BY PROVIDING ENTREPRENUERS AND INNOVATIVE LIFE SCIENCES STARTUPS WITH THE SPACE AND RESOURCES NEEDED TO TEST OUT, CHALLENGE, AND NURTURE EARLY IDEAS. 19016311 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 0 0 0 1 0 0 0 0 1 1 1 0 0 1 55 0 1 102 1 1 1 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 DONOVAN 8609660803 700 MAIN STREET CAMBRIDGE MA 02139 JOHANNES FRUEHAUF PRESIDENT AND CO-FOUNDER 26.00 X X 323341 0 47353 PETER PARKER SECRETARY/DIRECTOR 3.00 X X 840 0 0 JOHN HARTHORNE DIRECTOR 1.00 X 0 0 0 STEVEN TREGAY CHAIRMAN OF THE BOARD 1.00 X 0 0 0 JO VINEY DIRECTOR 1.00 X 0 0 0 SUSAN WINDHAM-BANNISTER DIRECTOR 1.00 X 20000 0 0 PETER SHANLEY CHIEF FINANCIAL OFFICER 16.00 X 128873 0 23330 MARGARET O'TOOLE CHIEF OPERATING OFFICER 40.00 X 346244 0 42036 MIKE LARHETTE CHIEF BUSINESS OFFICER 36.00 X 311552 0 47385 CELINA CHANG VICE PRESIDENT, SCIENCE STRATEGY 40.00 X 259333 0 24455 BETH MCKEON SENIOR DIRECTOR, IGNITE VC 40.00 X 209239 0 25475 RACHELE RYAN SENIOR DIRECTOR, PTNRSHPS, PROGRAMMING/COMMUNITY 40.00 X 185580 0 30611 PETE DONOVAN DIRECTOR, FINANCE & ACCOUNTING 40.00 X 193835 0 18128 1978837 0 258773 30 0 1 0 SG COMPUTERS INC 161 WORCESTER RD FRAMINGHAM MA 01701 IT SERVICES 557177 EMCOR SERVICES NORTHEAST INC 80 HAWES WAY STOUGHTON MA 02072 HVAC SERVICES 487190 BARRICADE CYBER SOLUTIONS 255 FARMINGTON RD SUMMERVILLE SC 29486 IT SERVICES 327742 UG2 PO BOX 5972 SPRINGFIELD MA 011015972 JANITORIAL SERVICES 309023 TRIUMVIRATE ENVIRONMENTAL 200 INNER BEST RD SOMERVILLE MA 02143 EHS SERVICES 171205 7 302990 7802763 2203414 8105753 INCUBATOR INCOME 541380 15519868 15519868 MANAGEMENT FEE 561000 1564800 1564800 HARVARD LIFE LAB SERVICES 541380 1061304 1061304 18145972 954010 954010 14630 0 14630 14630 14630 EVENT REVENUE 900099 122022 122022 122022 27342387 16703194 1564800 968640 78000 78000 2237610 1566327 671283 5297609 3708326 1589283 515856 433319 82537 2219358 1864261 355097 737375 538284 199091 64848 23345 41503 100588 36212 64376 1248316 449394 798922 603265 241306 361959 318118 318118 581220 29061 552159 3852581 3852581 6334 6334 2435908 2435908 120636 120636 LAB SUPPLIES & CONSUMAB 1482534 1482534 REPAIRS & MAINTENANCE 989173 811122 178051 ENVIRONMENTAL SERVICES 559469 559469 EVENT EXPENSE 519054 519054 561353 63356 497997 24529205 19016311 5512894 0 23920077 25360862 3434899 3969152 875632 1091194 29174733 18379454 10929233 10795279 69881798 69454938 109041639 110671425 1444640 1873201 3970442 4830843 79458584 76496525 84873666 83200569 X 24167973 27470856 24167973 27470856 109041639 110671425 2813182 489701 0 X X 0 1 X 1 0 X 5345306 6081659 6222656 7154420 8105753 32909794 5345306 6081659 6222656 7154420 8105753 32909794 7481679 25428115 78720 44818 87946 565201 954010 1730695 504780 588896 1219856 1514304 1564800 5392636 854642 103065 37001 119306 122022 1236036 41269161 0.61620 0.55050 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EVENT REVENUE - 2020 AMOUNT: $ 17,152. 2021 AMOUNT: $ 15,582. 2022 AMOUNT: $ 31,386. 2023 AMOUNT: $ 118,562. 2024 AMOUNT: $ 122,022. OTHER REVENUE - 2020 AMOUNT: $ 727,730. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 705. 2023 AMOUNT: $ 744. 2024 AMOUNT: $ 0. CCRCT - 2020 AMOUNT: $ 109,760. 2021 AMOUNT: $ 87,483. 2022 AMOUNT: $ 4,910. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16746060 10549657 6196403 10330482 6326187 4004295 2098191 1503610 594581 10795279 SECURITY DEPOSITS 864182 INVESTMENT IN SUBSIDIARY 6000000 DUE TO/FROM INTERCOMPANY 6814687 RIGHT OF USE ASSETS 55635610 OTHER ASSETS 140459 69454938 LEASE LONG-TERM LIABILITY 66265959 RECOVERABLE GRANT 5000000 TENANT DEPOSITS 1990225 LEASE SHORT-TERM LIABILITY 3240341 76496525 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, 2024, 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. 1 JOSEPH BEYEN DBA NANOPLEX 790 HYDE PARK AVE APT 1 HYDE PARK MA 02136 546951486 13000 0 GRANT INTERON LABORATORIES INC 60 MAPLEWOOD TERRACE BRAINTREE MA 02184 851010514 13000 0 GRANT PHAGEPRO PBC 241 FRANCIS AVE SUITE B-8 MANSFIELD MA 02048 814466734 13000 0 GRANT COAGULO MEDICAL TECHNOLOGIES INC 2000 COMMONWEALTH AVE SUITE 120 AUBURNDALE MA 02466 824165712 13000 0 GRANT NEOCLEASE INC 6 CRAFT PLACE UNIT 2 BOSTON MA 02130 922027697 13000 0 GRANT LYBRA BIO 127 WESTERN AVE ALLSTON MA 02134 994054231 13000 0 GRANT 6 PART I, LINE 2: THE BOARD OF DIRECTORS FOLLOWS AN APPROAL PROCESS FOR GRANTS PAID. X X X X 0 0 0 0 0 0 0 0 0 MARGARET O'TOOLE CHIEF OPERATING OFFICER 346244 0 0 0 0 0 20100 0 21936 0 388280 0 0 0 JOHANNES FRUEHAUF PRESIDENT AND CO-FOUNDER 323341 0 0 0 0 0 19265 0 28088 0 370694 0 0 0 MIKE LARHETTE CHIEF BUSINESS OFFICER 311552 0 0 0 0 0 18557 0 28828 0 358937 0 0 0 CELINA CHANG VICE PRESIDENT, SCIENCE STRATEGY 259333 0 0 0 0 0 9925 0 14530 0 283788 0 0 0 BETH MCKEON SENIOR DIRECTOR, IGNITE VC 209239 0 0 0 0 0 11925 0 13550 0 234714 0 0 0 RACHELE RYAN SENIOR DIRECTOR, PTNRSHPS, PROGRAMMI 185580 0 0 0 0 0 10999 0 19612 0 216191 0 0 0 PETE DONOVAN DIRECTOR, FINANCE & ACCOUNTING 193835 0 0 0 0 0 11494 0 6634 0 211963 0 0 0 PETER SHANLEY CHIEF FINANCIAL OFFICER 128873 0 0 0 0 0 7076 0 16254 0 152203 0 0 0 X EQUIPMENT 19 2203414 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. MAINSTPBC INC 700 MAIN ST CAMBRIDGE MA 02139 LAB SERVICES MA LAB CENTRAL C 25847381 150398808 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 MAINSTPBC INC L 1564800 MANAGEMENT FEES MAINSTPBC INC Q 4115700 MANAGEMENT COST ALLOCATION MAINSTPBC INC O 1660862 SALARIES MAINSTPBC INC D 3747564 LOAN REPAYMENT