2025-12-10T09:17:00-06:00 2025-11-18 390859910 BAKER TILLY ADVISORY GROUP LP 20 STANWIX STREET PITTSBURGH PA 15222 990 2025-01-01 300044478 PITTSBURGH LIFE SCIENCES GREENHOUSE PITT 4122017370 2403 SIDNEY STREET 200 PITTSBURGH PA 15203 DIANA CUGLIARI PRESIDENT & CEO 4122017370 2025-12-10 1 1 JEFFREY J SPENGLER P00109764 4126976400 2025-06-16 2024 2025-03-06 01:10:19Z X DIANA CUGLIARI 2403 SIDNEY STREET 200 PITTSBURGH PA 15203 1217211 0 X WWW.PLSG.COM X 2001 PA FOSTERS DEVELOPMENT OF THE WESTERN PENNSYLVANIA LIFE SCIENCES INDUSTRY. X 5 4 1 4 0 0 0 0 0 0 -195232 34346 37695 1162295 -157537 1196641 0 0 0 0 245992 177523 0 0 0 394050 355448 640042 532971 -797579 663670 789152 0 1420947 0 -631795 0 X PITTSBURGH LIFE SCIENCES GREENHOUSE (PLSG) IS DESIGNED TO BE THE ECONOMIC DEVELOPMENT ENGINE BEHIND LIFE SCIENCES IN WESTERN PENNSYLVANIA. OUR MISSION IS TO LEVERAGE THE INTELLECTUAL CAPITAL OF THE REGION'S WORLD-CLASS UNIVERSITIES AND MEDICAL FACILITIES TO ESTABLISH LIFE SCIENCES COMPANIES WITH THE GOAL OF SPEEDING UP THE ROUTING OF PRODUCT FROM TECHNOLOGY DEVELOPMENT TO COMMERCIALIZATION. 0 1 130611 0 0 ON NOVEMBER 18, 2024, THE BOARD OF DIRECTORS FORMALLY APPROVED A RESOLUTION TO CEASE OPERATIONS AND LIQUIDATE THE ORGANIZATION AS SOON AS ADMINISTRATIVELY POSSIBLE. THEREFORE, MANAGEMENT BEGAN PROCESS OF LIQUIDATION DURING 2025 WITH FINAL DISTRIBUTION OCCURING IN NOVEMBER 2025. 130611 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 6 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X DIANA CUGLIARI 4122017370 2403 SIDNEY STREET SUITE 200 PITTSBURGH PA 15203 DIANA CUGLIARI PRESIDENT & CEO 48.00 5.00 X X 304886 0 9721 JOHN KUZMISHIN CHAIRMAN OF THE BOARD 0.30 0.00 X X 0 0 0 PETER M DECOMO DIRECTOR 0.30 0.00 X 0 0 0 TIMOTHY MCNULTY DIRECTOR 0.30 0.00 X 0 0 0 DR ANANTHA SHEKAR DIRECTOR 0.30 0.00 X 0 0 0 304886 0 9721 1 0 1 0 0 34346 34346 20570 20570 0 EXTINGUISHMENT OF DEBT 900099 1162295 1162295 1162295 1196641 0 0 1196641 X 155885 29618 126267 6459 1227 5232 9963 1526 8437 5216 937 4279 42263 5072 37191 60594 7271 53323 101908 12227 89681 21100 2533 18567 11003 1320 9683 5672 681 4991 45163 45163 32088 18744 13344 BOOKS, SUBSCRIPTIONS AN 35642 4277 31365 TAXES 15 15 532971 130611 402360 0 207985 0 305096 0 0 0 0 0 0 0 0 33289 0 0 0 0 0 0 0 242782 0 0 0 789152 0 57207 0 1363740 0 1420947 0 X -631795 0 -631795 0 789152 0 X 663670 -31875 X 0 0 0 X 1073434 838314 1335758 3247506 1073434 838314 1335758 3247506 3247506 141629 247378 680529 242591 34346 1346473 82 195 72 59 1309826 1310234 5904213 479768 0.55000 0.72210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 82. 2021 AMOUNT: $ 195. 2022 AMOUNT: $ 72. 2023 AMOUNT: $ 59. 2024 AMOUNT: $ 1,309,826. SCHEDULE A, PART I, LINE 7 PITTSBURGH LIFE SCIENCES GREENHOUSE IS LIQUIDATING AND THEREFORE FILING A SHORT YEAR FINAL TAX RETURN. 0 0 0 X PART X, LINE 2: PLSG QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE TREATED AS PARTNERSHIPS FOR FEDERAL AND STATE INCOME TAX PURPOSES. MEMBERS REPORT INDIVIDUALLY ON THEIR SHARE OF THE FUND'S PRO RATA DISTRIBUTIVE SHARE ITEMS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AS OF DECEMBER 31, 2024. 1 X X X X X 0 0 0 0 0 0 0 1 0 DIANA CUGLIARI PRESIDENT & CEO 208886 0 0 0 96000 0 6460 0 3261 0 314607 0 0 0 INVESTMENTS 2025-11-18 95251 PRIOR YEAR AUDITED FINANCIAL STATEMENTS 251588611 INNOVATION WORKS 2 ALLEGHENY CENTER SUITE 100 PITTSBURGH PA 15212 501(C)(3) CONVERTIBLE NOTES 2025-11-18 0 PRIOR YEAR AUDITED FINANCIAL STATEMENTS 251588611 INNOVATION WORKS 2 ALLEGHENY CENTER SUITE 100 PITTSBURGH PA 15212 501(C)(3) CASH 2025-11-20 38505 COST 251127705 RICHARD KING MELLON FOUNDATION 42 21ST STREET SUITE 201 PITTSBURGH PA 15222 501(C)(3) CASH 2025-11-20 15409 COST 256210269 MCCUNE FOUNDATION 3 PPG PLACE SUITE 400 PITTSBURGH PA 15222 501(C)(3) INVESTMENTS 2025-11-20 123239 PRIOR AUDITED FINANCIAL STATEMENTS 251127705 RICHARD KING MELLON FOUNDATION 42 21ST STREET SUITE 201 PITTSBURGH PA 15222 501(C)(3) INVESTMENTS 2025-11-20 24292 PRIOR YEAR AUDITED FINANCIAL STATEMENTS 256210269 MCCUNE FOUNDATION 3 PPG PLACE SUITE 400 PITTSBURGH PA 15222 501(C)(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART III, LINE 3 ON NOVEMBER 18, 2025, THE BOARD OF DIRECTORS FORMALLY APPROVED A RESOLUTION TO CEASE OPERATIONS AND LIQUIDATE THE ORGANIZATION AS SOON AS ADMINISTRATIVELY POSSIBLE. AS A RESULT, MANAGEMENT DETERMINED THAT LIQUIDATION IS IMMINENT, AND THE ORGANIZATION HAS THEREFORE CHANGED ITS BASIS OF ACCOUNTING FOR PERIODS SUBSEQUENT TO NOVEMBER 18, 2025 FROM THE ONGOING ACCRUAL BASIS OF ACCOUNTING TO THE LIQUIDATION BASIS OF ACCOUNTING. THE PLAN OF DISSOLUTION INCLUDED SEVERAL TASKS RELATED TO TRANSFER OF ASSETS AND LIABILITIES, INCLUDING PERSONNEL TRANSITION. FOLLOWING LIQUIDATION, ALL REMAINING ASSET AMOUNTS RELATED TO FUTURE YEARS' PROGRAMS WILL BE TRANSFERRED AND/OR PAID ON NOVEMBER 25, 2025 TO THE RICHARD KING MELLON FOUNDATION, A PENNSYLVANIA NONPROFIT CORPORATION AND THE MCCUNE FOUNDATION, A TRUST UNDER PENNSYLVANIA LAW, AS PART OF THE DISSOLUTION. FORM 990, PART VI, SECTION A, LINE 6 MPC CORPORATION IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A PLSG'S BY-LAWS PROVIDE FOR MPC CORPORATION TO ELECT THE BOARD OF DIRECTORS. MPC CORPORATION IS THE SOLE MEMBER OF PLSG AND IS OWNED SOLELY BY THE UNIVERSITY OF PITTSBURGH AND CARNEGIE MELLON UNIVERSITY. THE PA SECRETARY OF THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT AND THE PA SECRETARY OF HEALTH SERVE AS EX-OFFICIO DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MPC CORPORATION'S APPROVAL IS REQUIRED TO REMOVE A DIRECTOR AND TO AMEND, ALTER, OR REPEAL PLSG'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY PREPARED BY THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTING FIRM. THE FORM 990 IS THEN REVIEWED IN DETAIL BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER, AND AUDIT COMMITTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FULL BOARD OF DIRECTORS IS PRESENTED WITH THE APPROVED FORM 990'S AT THE FOLLOWING BOARD MEETING AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND EMPLOYEES ARE COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY & ARE REQUIRED TO PROMPTLY NOTIFY THE ORGANIZATION OF ANY CONFLICT OF INTEREST. THEY ARE ALSO REQUIRED ANNUALLY TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE. THESE QUESTIONNAIRES ARE REVIEWED BY MANAGEMENT. INDIVIDUALS ARE PROHIBITED FROM PARTICIPATING IN DECISION MAKING FOR TRANSACTIONS WHERE THERE APPEARS TO BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS DELEGATED TO THE COMPENSATION COMMITTEE THE REVIEW AND APPROVAL OF THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER, OTHER OFFICERS AND EMPLOYEES. THIS COMMITTEE IS COMPRISED OF PREDOMINANTLY INDEPENDENT DIRECTORS WHO ANNUALLY REVIEW COMPENSATION DATA OF SIMILARLY QUALIFIED INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS IN SIMILAR ORGANIZATIONS. DECISIONS OF THE COMMITTEE ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 18 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE PRESIDENT. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 12,020. MANAGEMENT AND GENERAL EXPENSES 88,144. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100,164. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 179. MANAGEMENT AND GENERAL EXPENSES 1,315. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,494. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 28. MANAGEMENT AND GENERAL EXPENSES 222. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 250. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS DUE TO LIQUIDATION -31,875. MPC CORPORATION 5000 FORBES AVENUE PITTSBURGH PA 15213 251128244 RESEARCH & DEVELOPMENT FOR ECONOMIC & EDUCATIONAL DEVELOPMENT PA 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1