Mansfield Bio-incubator Inc is a 501(c)(3) organization based in Mansfield, Massachusetts, registered in 2015, with $1,594,500 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.6M
▲ 70.2% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$1.5M
Net assets
$3.5M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mansfield Bio-incubator Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mansfield Bio-incubator Inc: 28 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mansfield Bio-incubator Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mansfield Bio-incubator Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $310K (FY2019) to $1.6M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
5.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.1M
Total liabilities
$3.6M
Net assets
$3.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,594,500▲70.2% | $1,503,222▲18.6% | $3,489,997▲2.7% | $7,062,817▼1.7% | 990 |
| 2023 | $936,834▼49.8% | $1,267,239▼6.0% | $3,398,719▼8.9% | $7,187,652▼6.6% | 990 |
| 2022 | $1,865,495▼44.3% | $1,347,835▲354% | $3,729,124▲16.1% | $7,697,761▲78.4% | 990 |
| 2021 | $3,352,003▲994% | $296,711▲12.0% | $3,211,464▲1956% | $4,316,078▲1018% | 990 |
| 2020 | $306,319▼1.3% | $264,806▼0.1% | $156,172▲36.2% | $386,002▲118% | 990 |
| 2019 | $310,249 | $265,151 | $114,659 | $177,277 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
5 grants to Mansfield Bio-incubator Inc totaling $4.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $2,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $2,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $10,000 |
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Data for Mansfield Bio-incubator Inc (EIN 47-1570605) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.