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.
Executive compensation, broken down
Form 990 · Schedule J · 2 reported individuals · Filing year 2024
- Base
- $265k
- Bonus
- —
- Other
- —
- Benefits
- $21k
- Base
- $191k
- Bonus
- —
- Other
- —
- Benefits
- $21k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO | $265k | — | — | $21k | $302k $326k |
Vice President vice president | $191k | — | — | $21k | $221k $239k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 17 unpaid individuals.
Held roughly steady
over 2 years
From $293k in 2022 to $302k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Revenue and expenses over time
MASSACHUSETTS BIOMEDICAL INITIATIVES INC reported revenue and expenses across 3 filing years.
What Science & Technology executives earn
Comparable science & technology organizations nationwide pay their highest-earning executive a median of $111,215.
These are science & technology sector-wide figures, not this organization's reported pay. Based on 255 organizations across 255 filings (2022 – 2023).
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