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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Medical Research Institute for Life Science Entrepreneurship

Institute for Life Science Entrepreneurship

Fiscal year ending 2024. Filed on August 25, 2025.

1000 Morris Avenue Stem Building
Union, New Jersey 07083

Institute for Life Science Entrepreneurship (EIN: 46-5632420) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Institute for Life Science Entrepreneurship, a 501(c)(3) charitable organization, reported compensation for 3 out of 5 total employees. Among the employees shown here, the average compensation is $156,310. The highest compensated employee at Institute for Life Science Entrepreneurship is Robert McLaughlin with fiscal year 2024 compensation of $167,162.

Revenue, expenses, and employee compensation

Revenue

$952,664

Expenses

$923,330

Employee compensation

$687,839
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert McLaughlin
Vice President, Research
$167,162
$155,000 No related comp$12,162
Tom Richardson
President
$151,604
$134,123 No related comp$17,481
Ajay Kumar
Vice President
$150,164
$150,000 No related comp$164

Benchmark Employee Compensation

Non-Employee Board Members

Andrew Brannen
Trustee
Keith A Bostian, Ph.D.
President and Chief Executive Officer
Lisa Deberardine
Trustee
Pamela Demain
Trustee
Sandra Powell-Elliott
Trustee
William Hanlon
Trustee

Mission Statement

THE MISSION OF THE INSTITUTE AS A GATEWAY FOR INTEGRATING THE EXTRAORDINARY ACADEMIC, INDUSTRIAL AND ENTREPRENEURIAL RESOURCES OF THE NEW YORK/NEW JERSEY METROPOLITAN AREA INTO A DYNAMIC RAPID-RESPONSE ENTERPRISE FOR ADVANCING BASIC AND TRANSLATIONAL RESEARCH AND ENTREPRENEURISM IN THE LIFE SCIENCES. IT IS STRUCTURED AS A NON-PROFIT, AUTONOMOUS LIFE SCIENCE RESEARCH INSTITUTE LOCATED ON THE CAMPUS OF KEAN UNIVERSITY, IN UNION, NEW JERSEY, GOVERNED BY A BOARD OF DIRECTORS.

Revisions to this organization profile

August 25, 2025:
2024 Institute for Life Science Entrepreneurship 990 filed
November 12, 2024:
2023 Institute for Life Science Entrepreneurship 990 filed
November 9, 2023:
2022 Institute for Life Science Entrepreneurship 990 filed

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