2020-10-05T15:24:22-05:00 2019-12-31 042689883 WOLF & COMPANY PC 99 HIGH STREET 21ST FLOOR BOSTON MA 02110 990 2019-01-01 461031913 LAB CENTRAL INC LABC 6178633650 700 MAIN STREET CAMBRIDGE MA 02139 JOHANNES FRUEHAUF PRESIDENT/CEO 6178633650 2020-10-05 1 HARRY A KALAJIAN JR CPA P00464296 6174399700 2020-10-05 146.115.156.5 2020-10-05 15:14:41 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 36AF408B42A4B53A88AB405E67774237CBEDE7D8 2019 2021-01-29 14:40:06Z JOHANNES FRUEHAUF 700 MAIN STREET CAMBRIDGE MA 02139 25967111 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. 5 3 50 3 7119461 1424855 4752001 4949591 38732993 20793314 76135 128341 115599 95865 43676728 25967111 0 0 0 0 3799265 4849010 0 0 0 36553358 16852527 40352623 21701537 3324105 4265574 28162457 30786060 15628830 13458175 12533627 17327885 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 19174427 13769718 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. 19174427 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 0 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 2 0 1 50 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 DE MA X PETER SHANLEY 7814627076 700 MAIN STREET CAMBRIDGE MA 02139 PETER D PARKER SECRETARY/DIRECTOR 6.00 X X 60217 0 10425 JOHANNES FRUEHAUF MD PHD PRESIDENT 26.00 X X 301135 0 47513 TIMOTHY ROWE DIRECTOR (RESIGNED 08/19) 1.00 X 0 0 0 JOHN HARTHORNE DIRECTOR 1.00 X 0 0 0 STEVEN TREGAY PHD CHARIMAN 1.00 X 0 0 0 SUSAN WINDHAM-BANNISTER DIRECTOR (AS OF 10/19) 1.00 X 0 0 0 LISA VELARDO CFO/TREASURER 10.00 X 0 0 0 MARGARET E O'TOOLE VP OF OPERATIONS 40.00 X 306777 0 33415 CELINA C CHANG LAB MANAGER 40.00 X 202561 0 41903 KRISTA LICATA DIRECTOR OF OPERATIONS 40.00 X 172259 0 39821 SHAWN AYUBE DIR. OF HARVARD LIFE LAB O 40.00 X 201867 0 41575 LYNDSAY RISSIN MANAGER OF LAB OPERATIONS 40.00 X 119943 0 27885 PATRICK TUCKER IT MANAGER 40.00 X 114209 0 36341 1478968 0 278878 10 0 1 0 TRIUMVIRATE ENVIORNMENTAL 200 INNER BELT RD SOMERVILLE MA 02143 EHS SERVICES 436045 UG2 100 SUMMER ST BOSTON MA 02110 CLEANING AND MAINTENANCE FEES 348006 FRED WILLIAMS & SONS 2408 N LIBERTY ST INDEPENDENCE MO 64050 HVAC SERVICES 168769 GOODWIN PROCTER 100 NORTHERN AVE BOSTON MA 02210 LEGAL SERVICES 116321 4 4949591 788256 4949591 INCUBATOR INCOME 541380 19615789 12496328 7119461 HARVARD LIFE LAB SERVICE 541380 1177525 1177525 20793314 128341 128341 EVENT REVENUE 900099 95865 95865 95865 25967111 13769718 7119461 128341 668129 451938 216191 2916539 1972813 943726 227717 169566 58151 792206 589906 202300 244419 186423 57996 207778 90138 117640 27877 12094 15783 215082 93306 121776 241580 182063 59517 564366 504418 59948 153866 149601 4265 9053675 8615157 438518 15776 15776 25162 18963 6199 17734 17734 2529548 2403071 126477 90246 90246 REPAIRS & MAINTENANCE 1137196 1137196 ENVIRONMENTAL SVCS & PE 837813 837813 PFIZER PROFIT SHARING E 693714 693714 LAB SUPPLIES & CONSUMAB 539335 539335 501779 493402 8377 21701537 19174427 2527110 0 11064085 10633171 2300419 4238414 1500 347373 324767 20426110 7730720 13584808 12695390 864272 2894318 28162457 30786060 8106344 6661737 2400856 4464130 2467092 0 2654538 2332308 15628830 13458175 X 12533627 17327885 12533627 17327885 28162457 30786060 X 4265574 512347 16337 X X 0 1 X 1 0 X 1554947 1818992 7818323 4140378 4949591 20282231 1554947 1818992 7818323 4140378 4949591 20282231 1634379 18647852 608 26169 12566 76135 128341 243819 181287 12267488 7119461 19568236 97376 10678 107294 115599 95865 426812 40521098 0.46020 0.52370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EVENT REVENUE - 2015 AMOUNT: $ 97,376. 2016 AMOUNT: $ 10,678. 2017 AMOUNT: $ 106,584. 2018 AMOUNT: $ 115,599. 2019 AMOUNT: $ 95,865. OTHER REVENUE - 2017 AMOUNT: $ 710. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10169337 566571 9602766 7837122 6580538 1256584 2419651 583611 1836040 12695390 SECURITY DEPOSIT 2736272 OTHER ASSETS 153724 DEFFERED FINANCING COSTS 4322 2894318 TENANT DEPOSITS 1638593 PFIZER PROFIT SHARING 693715 2332308 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. LABCENTRAL ENTERED INTO A LABORATORY MANAGEMENT AGREEMENT WITH PFIZER (SEE NOTE 2) THAT HAS BEEN DETERMINED TO BE AN UNRELATED BUSINESS ACTIVITY AND REQUIRES LABCENTRAL TO FILE FORM 990-T EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN. LABCENTRAL HAS GENERATED NET TAXABLE INCOME FROM THIS ACTIVITY AND HAS PROVIDED FOR FEDERAL AND STATE INCOME TAXES IN THE AMOUNT OF $357,080 AND $200,000 DURING 2019 AND 2018, RESPECTIVELY. 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, 2019, 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. X X X X 0 0 0 0 0 0 0 0 0 JOHANNES FRUEHAUF MD PHD PRESIDENT 301135 0 0 0 0 0 17979 0 29534 0 348648 0 0 0 MARGARET E O'TOOLE VP OF OPERATIONS 306777 0 0 0 0 0 18268 0 15147 0 340192 0 0 0 CELINA C CHANG LAB MANAGER 202561 0 0 0 0 0 12369 0 29534 0 244464 0 0 0 KRISTA LICATA DIRECTOR OF OPERATIONS 172259 0 0 0 0 0 10287 0 29534 0 212080 0 0 0 SHAWN AYUBE DIR. OF HARVARD LIFE LAB O 201867 0 0 0 0 0 12041 0 29534 0 243442 0 0 0 PATRICK TUCKER IT MANAGER 114209 0 0 0 0 0 6807 0 29534 0 150550 0 0 0 ASPEN CONSULTING LLC LISA VELARDO, MANAGING DIRECTOR 69995 LISA VELARDO, THE 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 BIOINNOVATION CAPITAL JOHANNES FRUEHAUF (CEO), PETER PARKER (DIRECTOR) & STEVEN TREGAY (CHAIRMAN) 51360 BIOINNOVATION CAPITAL RENTS OFFICE SPACE FROM LAB CENTRAL. JOHANNES FRUEHAUF (CEO), PETER PARKER (DIRECTOR) AND STEVEN TREGAY (CHAIRMAN/DIRECTOR) ARE PARTNERS OF THAT FIRM. 0 X LAB EQUIPMENT 11 788256 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 XI, LINE 9: CUMULATIVE EFFECT ADJUSTMENT UPON ADOPTION OF TOPIC 606 16,337. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR 2019. MAINSTPBC INC 700 MAIN ST CAMBRIDGE MA 02139 LAB SERVICES MA LAB CENTRAL C -6163 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 MAINSTPBC INC R 41362 CASH