LAB CENTRAL INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: LAB CENTRAL INC (EIN 46-1031913)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-09-07
IRS object ID: 201832509349301313
Schema version: 2017v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule L
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-09-07T17:56:52-05:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	042689883	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WOLF & COMPANY PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	99 HIGH STREET 21ST FLOOR	AddressLine1Txt
City	BOSTON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02110	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	461031913	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LAB CENTRAL INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	LABC	BusinessNameControlTxt
Phone	6178633650	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	700 MAIN STREET	AddressLine1Txt
City	CAMBRIDGE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02139	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHANNES FRUEHAUF	PersonNm
Person Title	PRESIDENT/CEO	PersonTitleTxt
Phone	6178633650	PhoneNum
Signature	2018-08-30	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	HARRY A KALAJIAN JR CPA	PreparerPersonNm
PTIN	P00464296	PTIN
Phone	6174399700	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	38.97.84.98	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2018-09-07	IPDt
IP Tm	13:41:35	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	3035F85F9C36F92B25132AD5EF9C80758CB5F135	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2018-06-14 16:35:46Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOHANNES FRUEHAUF	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	700 MAIN STREET	AddressLine1Txt
City	CAMBRIDGE	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02139	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$21,709,971	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	HTTP://LABCENTRAL.ORG/	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2012	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	SEE PART III, LINE 1	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	3	VotingMembersIndependentCnt
Total Employee	32	TotalEmployeeCnt
Total Volunteers	3	TotalVolunteersCnt
Total Gross UBI	$181,287	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$373,591	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,818,992	PYContributionsGrantsAmt
CY Contributions Grants	$9,506,700	CYContributionsGrantsAmt
PY Program Service Revenue	$8,402,521	PYProgramServiceRevenueAmt
CY Program Service Revenue	$11,763,150	CYProgramServiceRevenueAmt
PY Investment Income	$26,169	PYInvestmentIncomeAmt
CY Investment Income	$12,566	CYInvestmentIncomeAmt
PY Other Revenue	$10,678	PYOtherRevenueAmt
CY Other Revenue	$427,555	CYOtherRevenueAmt
PY Total Revenue	$10,258,360	PYTotalRevenueAmt
CY Total Revenue	$21,709,971	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,942,608	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,869,338	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$8,182,386	PYOtherExpensesAmt
CY Other Expenses	$14,433,837	CYOtherExpensesAmt
PY Total Expenses	$10,124,994	PYTotalExpensesAmt
CY Total Expenses	$17,303,175	CYTotalExpensesAmt
PY Revenues Less Expenses	$133,366	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,406,796	CYRevenuesLessExpensesAmt
Total Assets BOY	$8,437,532	TotalAssetsBOYAmt
Total Assets EOY	$19,414,893	TotalAssetsEOYAmt
Total Liabilities BOY	$4,551,256	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$10,617,502	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,886,276	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$8,797,391	NetAssetsOrFundBalancesEOYAmt
Mission	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.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$15,816,400	ExpenseAmt
Revenue	$21,709,971	RevenueAmt
Desc	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.	Desc
Total Program Service Expenses	$15,816,400	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (1)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	Yes (1)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	5	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	32	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	3	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	DE	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LISA VELARDO CPA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6177972363	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	ASPEN CONSULTING LLC 28 VERA ROAD	AddressLine1Txt
City	MIDDLETON	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	02139	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
PETER D PARKER
SECRETARY/DIRECTOR	20.00	Yes (X)	Yes (X)	$54,876	$0	$8,594
JOHANNES FRUEHAUF MD PHD
PRESIDENT	32.00	Yes (X)	Yes (X)	$270,623	$0	$37,542
TIMOTHY ROWE
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JOHN HARTHORNE
DIRECTOR	1.00	Yes (X)		$0	$0	$0
STEVEN TREGAY PHD
DIRECTOR	1.00	Yes (X)		$0	$0	$0
LISA VELARDO
CFO/TREASURER	10.00		Yes (X)	$0	$0	$0
MARGARET E O'TOOLE
VP OF OPERATIONS	40.00			$235,901	$0	$16,658	Yes (X)
CELINA C CHANG
LAB MANAGER	40.00			$146,237	$0	$34,767		Yes (X)
KRISTA LICATA
DIRECTOR OF OPERATIONS	40.00			$142,054	$0	$34,521		Yes (X)
SHAWN AYUBE
HARVARD LIFE LAB OPERATIONS DIRECTOR	40.00			$160,925	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,010,616	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$132,082	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
LOCKE LORD
111 HUNTINGTON AVE STE 2000	BOSTON	MA	02199	LEGAL SERVICES	$122,984
UG2
100 SUMMER ST	BOSTON	MA	02110	CLEANING AND MAINTENANCE FEES	$116,644

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt
Government Grants	$5,012,080	GovernmentGrantsAmt
All Other Contributions	$4,494,620	AllOtherContributionsAmt
Noncash Contributions	$672,329	NoncashContributionsAmt
Total Contributions	$9,506,700	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
INCUBATOR INCOME	541380	$10,716,491	$10,535,204	$181,287
HARVARD LIFE LAB SERVICE	541380	$1,046,659	$1,046,659

Field	Value	IRS element (for citing)
Total Program Service Revenue	$11,763,150	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,566	TotalRevenueColumnAmt
Exclusion	$12,566	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ENGINE CONSULTING FEES	541380	$320,261	$320,261
EVENT REVENUE	900099	$106,584	$106,584
OTHER INCOME	900099	$710	$710

Field	Value	IRS element (for citing)
Other Revenue Total	$427,555	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$21,709,971	TotalRevenueColumnAmt
Related Or Exempt Func Income	$12,009,418	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$181,287	UnrelatedBusinessRevenueAmt
Exclusion	$12,566	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$561,400	TotalAmt
Program Services	$381,143	ProgramServicesAmt
Management And General	$180,257	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,605,317	TotalAmt
Program Services	$1,089,873	ProgramServicesAmt
Management And General	$515,444	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$91,327	TotalAmt
Program Services	$68,175	ProgramServicesAmt
Management And General	$23,152	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$468,824	TotalAmt
Program Services	$349,976	ProgramServicesAmt
Management And General	$118,848	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$142,470	TotalAmt
Program Services	$107,685	ProgramServicesAmt
Management And General	$34,785	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$173,944	TotalAmt
Program Services	$48,819	ProgramServicesAmt
Management And General	$125,125	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$35,702	TotalAmt
Program Services	$10,020	ProgramServicesAmt
Management And General	$25,682	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$17,166	TotalAmt
Program Services	$4,818	ProgramServicesAmt
Management And General	$12,348	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$178,855	TotalAmt
Program Services	$85,826	ProgramServicesAmt
Management And General	$93,029	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$284,949	TotalAmt
Program Services	$255,695	ProgramServicesAmt
Management And General	$29,254	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$118,809	TotalAmt
Program Services	$116,074	ProgramServicesAmt
Management And General	$2,735	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$5,372,533	TotalAmt
Program Services	$5,217,653	ProgramServicesAmt
Management And General	$154,880	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$1,148	TotalAmt
Program Services	$1,148	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$21,597	TotalAmt
Program Services	$21,597	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,100,746	TotalAmt
Program Services	$1,045,709	ProgramServicesAmt
Management And General	$55,037	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$51,682	TotalAmt
Management And General	$51,682	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
LAB SUPPLIES & CONSUMAB	$6,102,658	$6,102,658
REPAIRS & MAINTENANCE	$491,138	$491,138
ENVIRONMENTAL SVCS & PE	$273,519	$273,519
BAD DEBT	$100,000	$100,000

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$109,391	TotalAmt
Program Services	$44,874	ProgramServicesAmt
Management And General	$64,517	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$17,303,175	TotalAmt
Program Services	$15,816,400	ProgramServicesAmt
Management And General	$1,486,775	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,754,938	BOYAmt
EOY	$3,774,992	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,233,452	BOYAmt
EOY	$1,556,203	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$162,597	BOYAmt
EOY	$235,671	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$15,979,805	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,995,960	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,955,248	BOYAmt
EOY	$12,983,845	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$331,297	BOYAmt
EOY	$864,182	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$8,437,532	BOYAmt
EOY	$19,414,893	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,481,830	BOYAmt
EOY	$5,379,735	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$1,772,176	BOYAmt
EOY	$2,895,223	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
EOY	$1,613,324	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$297,250	BOYAmt
EOY	$729,220	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,551,256	BOYAmt
EOY	$10,617,502	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,886,276	BOYAmt
EOY	$8,797,391	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,886,276	BOYAmt
EOY	$8,797,391	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$8,437,532	BOYAmt
EOY	$19,414,893	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$4,406,796	ReconcilationRevenueExpnssAmt
Donated Services And Use Fclts	$504,319	DonatedServicesAndUseFcltsAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,145,220	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,358,633	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,554,947	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,818,992	CurrentTaxYearMinus1YearAmt
Current Tax Year	$9,506,700	CurrentTaxYearAmt
Total	$20,384,492	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,145,220	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,358,633	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,554,947	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,818,992	CurrentTaxYearMinus1YearAmt
Current Tax Year	$9,506,700	CurrentTaxYearAmt
Total	$20,384,492	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$3,860,105	SubstantialContributorsTotAmt
Public Support Total170	$16,524,387	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,323	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$200	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$608	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$26,169	CurrentTaxYearMinus1YearAmt
Current Tax Year	$12,566	CurrentTaxYearAmt
Total	$40,866	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$97,376	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$10,678	CurrentTaxYearMinus1YearAmt
Current Tax Year	$427,555	CurrentTaxYearAmt
Total	$535,609	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$20,960,967	TotalSupportAmt
Public Support CY170	0.78830	PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	ENGINE CONSULTING FEES - 2017 AMOUNT: $ 320,261. EVENT REVENUE - 2015 AMOUNT: $ 97,376. 2016 AMOUNT: $ 10,678. 2017 AMOUNT: $ 106,584. OTHER REVENUE - 2017 AMOUNT: $ 710.	ExplanationTxt

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,803,606	OtherCostOrOtherBasisAmt
Depreciation	$566,571	DepreciationAmt
Book Value	$8,237,035	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,164,347	OtherCostOrOtherBasisAmt
Depreciation	$583,611	DepreciationAmt
Book Value	$4,580,736	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,011,852	OtherCostOrOtherBasisAmt
Depreciation	$1,845,778	DepreciationAmt
Book Value	$166,074	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$12,983,845	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	TENANT DEPOSITS	Desc
Amt	$729,220	Amt

Field	Value	IRS element (for citing)
Total Liability	$729,220	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$22,214,290	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$504,319	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$504,319	RevenueNotReportedAmt
Revenue Subtotal	$21,709,971	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$21,709,971	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$17,303,175	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$17,303,175	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$17,303,175	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. THE COMPANY RECEIVED FAVORABLE DETERMINATION OF ITS STATUS FROM THE IRS IN A LETTER DATED JUNE 26, 2014. THE COMPANY ENTERED INTO A LABORATORY MANAGEMENT AGREEMENT WITH PFIZER (SEE NOTE 2) THAT HAS BEEN DETERMINED TO BE AN UNRELATED BUSINESS ACTIVITY AND WILL REQUIRE THE COMPANY TO FILE FORM 990-T UNRELATED BUSINESS INCOME TAX RETURN. THE COMPANY EXPECTS TO GENERATE MINIMAL NET TAXABLE REVENUES FROM THIS ACTIVITY AND THE ACTIVITY IS NOT MATERIAL TO THE COMPANY'S TOTAL REVENUES. 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, 2017 AND 2016, 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. THE COMPANY'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. BEGINNING WITH THE YEAR ENDED DECEMBER 31, 2014, THE COMPANY IS OPEN TO AUDIT UNDER THE APPLICABLE STATUTES OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES. THE COMPANY'S POLICY IS TO RECOGNIZE ANY INTEREST AND PENALTIES RELATED TO TAX MATTERS AS AN EXPENSE WHEN PAID. NO INTEREST OR PENALTIES WERE RECORDED DURING 2017 AND 2016.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOHANNES FRUEHAUF MD PHD
PRESIDENT	$270,623	$0	$0	$0	$0	$0	$10,805	$0	$26,737	$0	$308,165	$0	$0	$0
MARGARET E O'TOOLE
VP OF OPERATIONS	$235,901	$0	$0	$0	$0	$0	$3,650	$0	$13,008	$0	$252,559	$0	$0	$0
CELINA C CHANG
LAB MANAGER	$146,237	$0	$0	$0	$0	$0	$8,774	$0	$25,993	$0	$181,004	$0	$0	$0
KRISTA LICATA
DIRECTOR OF OPERATIONS	$142,054	$0	$0	$0	$0	$0	$8,523	$0	$25,998	$0	$176,575	$0	$0	$0
SHAWN AYUBE
HARVARD LIFE LAB OPERATIONS DIRECTOR	$160,925	$0	$0	$0	$0	$0	$0	$0	$0	$0	$160,925	$0	$0	$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ASPEN CONSULTING LLC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	LISA VELARDO, MANAGING DIRECTOR	RelationshipDescriptionTxt
Transaction	$42,276	TransactionAmt
Transaction	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.	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	LAB EQUIPMENT	Desc
Contribution	5	ContributionCnt
Noncash Contributions Rpt F990	$672,329	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	TWO BOARD MEMBERS ARE PARTNERS OF BIOINNOVATION, LLC.
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 IN 2017. 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 2017.