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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 Science & Technology Research Massachusetts Biomedical Initiatives Inc.

Massachusetts Biomedical Initiatives Inc.

Fiscal year ending 2024. Filed on September 29, 2025.

17 Briden Street
Worcester, Massachusetts 01605

Massachusetts Biomedical Initiatives Inc. (EIN: 22-2636406) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Massachusetts Biomedical Initiatives Inc., a 501(c)(3) charitable organization, reported compensation for 2 out of 6 total employees. Among the employees shown here, the average compensation is $261,619. The highest compensated employee at Massachusetts Biomedical Initiatives Inc. is Jon Weaver with fiscal year 2024 compensation of $301,951.

Revenue, expenses, and employee compensation

Revenue

$5,329,684

Expenses

$4,238,815

Employee compensation

$1,040,785
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jon Weaver
President and Chief Executive Officer
$301,951
$264,553 No related comp$37,398
Zu Shen
Vice President
$221,287
$191,357 No related comp$29,930

Benchmark Employee Compensation

Non-Employee Board Members

Abraham W Haddad, Dmd, Facd
Trustee Emeritus
Allan Guo
Trustee
Christopher M Palatucci, Ph.D.
Trustee
Chuck Kunsch
Vice Chair
D Davidson Easson Jr
Trustee
David R Grenon
Trustee Emeritus
Imran Nasrullah
Trustee
Joe Doherty
Trustee
John Hallinan
Treasurer
Lauren Foster
Trustee
Linda McGoldrick
Trustee
Lizabeth Leveille
Trustee

Mission Statement

MASSACHUSETTS BIOMEDICAL INITIATIVES, INC. ("MBI OR THE ORGANIZATION") IS A PRIVATE NON-PROFIT CORPORATION FOCUSING ON BUILDING UP CENTRAL MASSACHUSETTS AS A GLOBAL BIOMANUFACTURING HUB. OUR MISSION OF BEING A PARTNER FOR FOSTERING INNOVATION IN THE LIFE SCIENCES IS FULFILLED THROUGH OUR EFFORTS IN STARTUP INCUBATION, WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, AND REGIONAL ADVOCACY.

Revisions to this organization profile

September 29, 2025:
2024 Massachusetts Biomedical Initiatives Inc. 990 filed
August 14, 2024:
2023 Massachusetts Biomedical Initiatives Inc. 990 filed
January 25, 2024:
2022 Massachusetts Biomedical Initiatives Inc. 990 filed

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