2024-09-19T09:49:50-05:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 150 PRESIDENTIAL WAY SUITE 510 WOBURN MA 01801 990 2023-01-01 463020006 GLOUCESTER MARINE GENOMICS INSTITUTE INCORPORATED GLOU 9788794575 417 MAIN STREET GLOUCESTER MA 01930 CHRISTINE BOLZAN EXECUTIVE DIRECTOR 9788794575 2024-09-19 1 1 EVA MRUK P00543254 7819375300 2024-09-19 2023 2024-08-08 14:25:15Z CHRISTINE BOLZAN 417 MAIN STREET GLOUCESTER MA 01930 5808577 0 X WWW.GMGI.ORG X 2013 MA TO ADDRESS CRITICAL CHALLENGES FACING OUR OCEANS, HUMAN HEALTH AND THE ENVIRONMENT THROUGH INNOVATIVE SCIENTIFIC RESEARCH AND EDUCATION. 10 10 40 82 0 0 4770781 5507601 145417 135482 30947 19563 3415 1067 4950560 5663713 44659 127299 0 0 2405825 3056610 0 0 437188 1731546 2087534 4182030 5271443 768530 392270 8833922 9194920 1937763 1906491 6896159 7288429 X GLOUCESTER MARINE GENOMICS INSTITUTE (GMGI) ADDRESSES CRITICAL CHALLENGES FACING OUR OCEANS, HUMAN HEALTH, AND THE ENVIRONMENT THROUGH INNOVATIVE SCIENTIFIC RESEARCH AND EDUCATION. BY BRINGING WORLD-CLASS SCIENCE AND TRANSFORMATIVE WORKPLACE DEVELOPMENT TO GLOUCESTER'S HISTORIC WATERFRONT, GMGI IS CATALYZING THE REGIONAL ECONOMY. 0 0 2266289 0 122088 RESEARCH - GMGI HAS ESTABLISHED A WORLD-CLASS MARINE BIOTECHNOLOGY RESEARCH INSTITUTE ON THE GLOUCESTER HARBOR WHOSE WORK IS POWERED BY THE SCIENTIFIC FIELD OF GENOMICS. MARINE GENOMICS REPRESENTS A NEW EPOCH IN BOTH MARINE SCIENCE AND BIOTECHNOLOGY AND GMGI IS LEADING THE WAY. THE PRIMARY FOCUS IS ON TRANSLATIONAL RESEARCH THAT CONNECTS DIRECTLY WITH HUMAN HEALTH. GMGI IS ALSO BRINGING THE BEST SCIENCE TO FISHERY RESEARCH. 1587214 127299 13394 BIOTECHNOLOGY ACADEMY - GMGI HAS CREATED A VIBRANT SCIENCE LEARNING ENVIRONMENT, WITH GLOUCESTER BIOTECHNOLOGY ACADEMY AS THE FLAGSHIP PROGRAM. THE ACADEMY TRAINS LOCAL HIGH SCHOOL GRADUATES FOR JOBS AS BIOTECH LAB TECHNICIANS THROUGH A LAB-IMMERSION CURRICULUM AT OUR STATE-OF-THE-ART TRAINING FACILITY, AND FOR PAID INTERNSHIPS AT LOCAL BIOTECH FIRMS. THE ACADEMY ALSO OFFERS EDUCATIONAL SCIENCE PROGRAMS FOR MIDDLE AND HIGH SCHOOL STUDENTS. 3853503 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 54 0 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X ELIZABETH LANDERGREN 9788794575 417 MAIN STREET GLOUCESTER MA 01930 MARC VIDAL PRESIDENT 1.00 X X 0 0 0 MICHELE MAY BOARD CHAIR & TREASURER 8.00 X X 0 0 0 TOM SIMONS DIRECTOR/CLERK 3.50 X X 0 0 0 JOSE-CARLOS GUTIERREZ-RAMOS DIRECTOR 1.00 X 0 0 0 BILL KANE DIRECTOR 2.00 X 0 0 0 LAURA LISS DIRECTOR 1.00 X 0 0 0 JOHN O'CONNOR DIRECTOR 2.00 X 0 0 0 GEORGE PUTNAM DIRECTOR 1.50 X 0 0 0 LAURA SEN DIRECTOR 2.00 X 0 0 0 DAVID WALT DIRECTOR 1.00 X 0 0 0 CHRISTINE BOLZAN EXECUTIVE DIRECTOR 40.00 X 242944 0 35082 ANDREA BODNAR SCIENCE DIRECTOR 40.00 X 215175 0 31080 LOGAN WALSH DEVELOPMENT DIRECTOR 40.00 X 169717 0 11412 LISA TOBIAS DIRECTOR OF FINANCE, THRU JUNE 2023 40.00 X 123792 0 23469 JOHN DOYLE EDUCATION DIRECTOR 40.00 X 117262 0 37096 LAURA RICHANE DIRECTOR OF ENROLLMENT & PARTNERSHIPS 40.00 X 112113 0 34726 981003 0 172865 6 0 1 0 0 1088196 4419405 237268 5507601 RESEARCH SUPPORT 541700 122088 122088 TUITION REVENUE 611430 13394 13394 135482 20017 20017 144410 144864 -454 -454 -454 OTHER REVENUE 900099 630 630 SWAG REVENUE 900099 437 437 1067 5663713 135482 0 20630 27662 27662 99637 99637 524281 234338 234338 55605 2128466 1473108 372853 282505 207987 147124 32395 28468 195876 126247 44276 25353 23225 23225 88207 31760 54602 1845 18328 1463 14015 2850 232814 152833 74325 5656 101739 69195 21945 10599 336490 307725 23240 5525 66070 64230 1461 379 33850 10837 21896 1117 9112 9112 523162 510820 9908 2434 34714 4337 30377 LAB CONSUMABLES 428850 428850 SERVICE POLICIES 75167 75167 REPAIRS AND MAINTENANCE 48515 44367 3351 797 EVENTS EXPENSE 45520 30676 832 14012 21771 13127 8601 43 5271443 3853503 980752 437188 149897 155395 1403006 962363 2286305 2885098 111594 92890 6095037 2592252 3245243 3502785 1637877 1596389 8833922 9194920 151964 153749 1760 6810 129399 111958 1654640 1633974 1937763 1906491 X 4276200 3830562 2619959 3457867 6896159 7288429 8833922 9194920 392270 0 X X 0 1 X 1 0 X 3042199 2133799 3613857 4770781 5507601 19068237 3042199 2133799 3613857 4770781 5507601 19068237 2280173 16788064 6409 6006 2405 15666 20017 50503 3697 7399 16342 4146 1067 32651 19151391 477436 0.87660 0.83720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 3,697. 2020 AMOUNT: $ 7,399. 2021 AMOUNT: $ 16,342. 2022 AMOUNT: $ 3,415. 2023 AMOUNT: $ 630. SWAG REVENUE - 2022 AMOUNT: $ 731. 2023 AMOUNT: $ 437. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3525997 923716 2602281 2569040 1668536 900504 3502785 OPERATING LEASE RIGHT-OF-USE ASSET 1596389 1596389 OPERATING LEASE LIABILITY 1633974 1633974 X 5698387 34674 34674 5663713 0 5663713 5306117 34674 34674 5271443 0 5271443 PART X, LINE 2: GAAP PRESCRIBES THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE TAX-EXEMPT STATUS OF AN ENTITY IS CONSIDERED A TAX POSITION. AN ADDITIONAL LIABILITY FOR UNCERTAIN TAX POSITIONS ("UTPS") IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO UTPS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. GMGI HAS REVIEWED ITS INCOME TAX POSITIONS AND HAS NOT IDENTIFIED ANY MATERIAL UTPS, INCLUDING ANY TAX POSITIONS THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS, AND THUS HAS NOT RECORDED A LIABILITY AT DECEMBER 31, 2023 OR 2022. GMGI'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. GMGI IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2020. CURRENTLY, THERE ARE NO INCOME TAX AUDITS IN PROCESS. 1 UNIVERSITY OF WASHINGTON 1410 NE CAMPUS PKWY SEATTLE WA 98195 911486484 STATE OF WA 27662 0 SUBAWARD - RESEARCH PROJECT 1 0 STIPENDS TO STUDENTS 51 99637 PART I, LINE 2: GRANTS TO ORGANIZATIONS - RESEARCH SUBAWARDS: SUB-AWARDEES ARE INCLUDED IN THE INITIAL PROPOSAL PROCESS FOR THE PRIME AWARD. PAYMENTS TO SUBAWARDEES ARE SENT AFTER THE INSTITUTE RECEIVES AN ITEMIZED INVOICE THAT ALIGNS WITH THE BUDGET. THE INVOICE IS REVIEWED BY THE ORGANIZATION'S DIRECTOR OF SCIENCE PRIOR TO PAYMENT. GRANTS AND ASSISTANCE TO INDIVIDUALS - STUDENT STIPENDS: STUDENTS ARE SELECTED FOR STIPENDS TO HELP WITH LIVING EXPENSES, BASED ON EVIDENCE OF FINANCIAL NEED. STIPENDS ARE AWARDED IN 4 INSTALLMENTS. STUDENTS MUST REMAIN IN THE PROGRAM AND MEET ALL PROGRAM REQUIREMENTS IN ORDER TO RECEIVE PAYMENT. X X X 1 0 0 0 0 0 0 1 0 CHRISTINE BOLZAN EXECUTIVE DIRECTOR 222530 0 20000 0 414 0 0 0 35082 0 278026 0 0 0 ANDREA BODNAR SCIENCE DIRECTOR 204995 0 10000 0 180 0 0 0 31080 0 246255 0 0 0 LOGAN WALSH DEVELOPMENT DIRECTOR 162579 0 7000 0 138 0 0 0 11412 0 181129 0 0 0 JOHN DOYLE EDUCATION DIRECTOR 117120 0 0 0 142 0 0 0 37096 0 154358 0 0 0 PART I, LINE 4A LISA TOBIAS, DIRECTOR OF FINANCE AND ADMINISTRATION, RECIEVED A SEVERANCE PAYMENT OF $71,846 INCLUDED IN HER 2023 W-2. PART I, LINE 7 THE ORGANIZATION PAID PERFORMANCE-BASED BONUSES TO THE INDIVIDUALS LISTED IN PART II AS REPORTED IN COLUMN B(II). BONUSES ARE REVIEWED AND APPROVED BY THE GOVERNANCE/PERSONNEL COMMITTEE. X 3 144410 AVG. SELLING PRICE X LAB EQUIPMENT 3 92858 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 DAVID WALT AND MICHELE MAY HAVE A FAMILY RELATIONSHIP. JOHN O'CONNOR AND LAURA SEN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE AUDIT & FINANCE COMMITTEE. A COMPLETE COPY IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH REQUIRES EACH DIRECTOR, OFFICER AND MEMBER OF COMMITTEE WITH BOARD-DELEGATED POWERS TO ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT, DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE ALL MATERIAL FACTS TO THE BOARD OF DIRECTORS OR COMMITTEE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER SUCH DISCLOSURE AND ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS, AND HOW TO PROCEED REGARDING THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE SCIENCE DIRECTOR INCLUDED A REVIEW AND APPROVAL BY A COMMITTEE OF BOARD MEMBERS, WHO REVIEWED COMPARABILITY DATA, INCLUDING SALARY SURVEYS. THE DELIBERATION AND DECISION WERE CONTEMPORANEOUSLY DOCUMENTED IN THE MEETING MINUTES. THE PROCESS LAST OCCURRED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL NONPROFIT ORGANIZATIONS / PUBLIC CHARITIES DIVISION WEBSITE. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THE FULL BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.