2024-11-13T12:52:54-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 223799632 MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC MASS 6176745100 255 MAIN STREET 8TH FLOOR CAMBRIDGE MA 02142 SONDRA SCHWARTZ CHIEF EXECUTIVE OFFICER 6176745100 2024-11-13 1 1 THOMAS F MULDOON CPA P01561688 5083669100 2024-11-13 2023 2024-10-15 13:58:12Z MASSBIOED SONDRA SCHWARTZ 255 MAIN STREET 8TH FLOOR CAMBRIDGE MA 02142 3727224 0 X WWW.MASSBIOED.ORG X 2001 MA MASSBIOED'S MISSION IS TO BUILD A SUSTAINABLE LIFE SCIENCES WORKFORCE IN THE REGION THROUGH EDUCATIONAL PROGRAMS THAT ENGAGE AND EXCITE TEACHERS, INSPIRE, AND PROPEL STUDENTS, AND ILLUMINATE THE PATHWAY FROM THE CLASSROOM TO CAREERS WITH A FOCUS ON EXPANSION, OPPORTUNITY AND DIVERSITY. 20 19 21 223 0 0 1722269 2514026 1517316 1085697 13820 29492 -16068 -5892 3237337 3623323 59639 46606 0 0 1914250 2210287 0 0 286987 1499724 1221147 3473613 3478040 -236276 145283 1941454 1994798 267808 175869 1673646 1818929 X MASSBIOED'S MISSION IS TO BUILD A SUSTAINABLE LIFE SCIENCES WORKFORCE IN THE REGION. THIS INCLUDES EDUCATIONAL PROGRAMS THAT ENGAGE AND EXCITE TEACHERS, INSPIRE, AND PROPEL STUDENTS, AND ILLUMINATE THE PATHWAY FROM THE CLASSROOM TO CAREERS WITH A FOCUS ON EXPANSION, OPPORTUNITY AND DIVERSITY. 0 0 824655 46307 415999 THE BIOTEACH PROGRAM FOCUSES ON STRENGTHENING THE ABILITY OF TEACHERS TO DELIVER LAB-CENTERED, INQUIRY-BASED LESSONS IN BIOTECHNOLOGY IN THEIR CLASSROOMS. THE PROGRAM INTRODUCES TEACHERS TO BASIC CONCEPTS IN BIOLOGY AND BIOTECHNOLOGY WITH SPECIFIC LABORATORY-BASED CURRICULA DESIGNED FOR TEACHING CONCEPTS. THE PROGRAM OFFERS FREE PROFESSIONAL DEVELOPMENT WORKSHOPS FOR EDUCATORS; TRAINING, CURRICULA, AND ON AND OFF-SITE MENTORING TO NEWLY TRAINED TEACHERS; ASSISTANCE TO TEACHERS WITH CONTENT ACQUISITION, PREPARATION AND EXECUTION OF CLASSROOM ACTIVITIES. THE PROGRAM ALSO OFFERS GRANTS FOR LAB EQUIPMENT, SUPPLIES AND MATERIALS. STUDENTS ARE INTRODUCED TO CAREERS THROUGH COLLEGE AND CAREER ENGAGEMENT EXPERIENCES WITH COLLEGES AND COMPANIES AND THROUGH OUR BANK OF VOLUNTEER CAREER AMBASSADORS WHO VISIT SCHOOLS AND MEET WITH STUDENTS REMOTELY AND ON-SITE WHEN POSSIBLE. OUR BIOTEACH PROGRAM HELD 11 TEACHER PROFESSIONAL DEVELOPMENT WORKSHOPS, WITH TOTAL ATTENDANCE OF 182 TEACHERS ACROSS ALL WORKSHOPS. ACROSS ALL BIOTEACH PROGRAMMING, WE ENGAGED NEARLY 14,385 STUDENTS IN AUTHENTIC SCIENCE LEARNING. THE TEACHER TRAININGS WERE VERY SUCCESSFUL WITH OVER 90-95% OF PARTICIPANTS REPORTING AN INCREASE IN CONFIDENCE IN EXECUTING LAB ACTIVITIES IN THEIR CLASSROOM OR REPORTING THAT THEY EXPECT TO UTILIZE THE RESOURCES IN THEIR CLASSROOM. WE WERE ALSO ABLE TO BRING OUR INTENSIVE ACCESS PROGRAM OF AUTHENTIC SCIENCE CONTENT AND CAREER AWARENESS TO OVER 4,500 STUDENTS IN LOW-INCOME AND HIGH-NEED SCHOOL DISTRICTS. 1501921 223804 BIOTALENT INCLUDED SEVERAL DIFFERENT PROGRAMS FOCUSED ON UNDERSTANDING, BUILDING, AND SUPPORTING WORKFORCE DEVELOPMENT AND CAREER AWARENESS. ACTIVITIES INCLUDED:A. LABOR MARKET INFORMATION PROVIDE JOB TREND ANALYSIS, AND A GREATER UNDERSTANDING OF THE INDUSTRY'S WORKFORCE NEEDS IN TERMS OF SKILLS TO EDUCATORS AND THOSE IN INDUSTRY. IN 2023, MASSBIOED PUBLISHED THE MASSACHUSETTS LIFE SCIENCES EMPLOYMENT OUTLOOK, AND CONVENED THE LIFE SCIENCES WORKFORCE 2023 CONFERENCE IN JUNE, WHICH ATTRACTED OVER 391 PARTICIPANTS.B. COLLEGE TO CAREER BUILDS A CRITICAL BRIDGE BETWEEN CLASSROOM AND CAREERS. CAREER AMBASSADORS HELP TEACHERS BROADEN THEIR STUDENTS' HORIZONS AND ENCOURAGE AN INTEREST IN THE LIFE SCIENCES. SEVERAL MODES OF INTERACTION ARE OFFERED, FROM FORMAL CAREER PANELS TO SMALL GROUP Q&A SESSIONS. IN 2023, 668 COLLEGE STUDENTS PARTICIPATED IN CAREER AWARENESS ACTIVITIES WITH OVER 200 INDUSTRY VOLUNTEERS PARTICIPATING AND 121 FACULTY AND STAFF ENGAGING IN PROFESSIONAL DEVELOPMENT.C. CAREER HUB BRINGS GREATER LIFE SCIENCES AWARENESS, ACCESS, AND CAREER SERVICES TO MASSACHUSETTS RESIDENTS. IN 2023 362 STUDENTS ATTENDED A VIRTUAL CAREER FAIR, 270 PERSONS ATTENDED "WHAT THE HECK IS BOTECH" EVENTS.D. APPRENTICESHIP PROGRAMTO GROW AND DIVERSIFY THE WORKFORCE, BIOTALENT LAUNCHED LIFE SCIENCES APPRENTICESHIP PROGRAM THAT OFFERS STREAMLINED PATHWAYS INTO THE INDUSTRY. THE PROGRAM COMBINES TECHNICAL TRAINING, ON-SITE WORK EXPERIENCE, AND INCOME SUPPORT. WORKING WITH LEADING LIFE SCIENCE EMPLOYERS, MASSBIOED HAS DESIGNED TWO APPRENTICESHIPS - ONE FOR BIOMANUFACTURING TECHNICIANS AND ONE FOR CLINICAL TRIAL ASSOCIATES. BOTH PROGRAMS ENABLE INDIVIDUALS TO OBTAIN FOUNDATIONAL KNOWLEDGE AND INDUSTRY RECOGNIZED SKILLS, AND QUICKLY TRANSITION INTO EMPLOYMENT THAT PROVIDES MEANINGFUL WORK, FAMILY-SUSTAINING WAGES, AND CAREER GROWTH. IN 2023, THE APPRENTICESHIP PROGRAM HAD MULTIPLE CYCLES OF APPRENTICE TRAINING WITH A TOTAL OF 39 APPRENTICES, 65% OF WHOM WERE FEMALES AND 60% WERE POC. 178233 458758 PROFESSIONAL TRAINING CLASSES PROVIDE TECHNICAL AND SOFT SKILLS TRAINING AND PROFESSIONAL DEVELOPMENT TO INDIVIDUALS IN THE BIOTECH INDUSTRY. THE COURSE ARE DEVELOPED IN CONJUNCTION WITH INDUSTRY PROFESSIONALS. IN 2023, 502 INDIVIDUALS ATTENDED ONE OR MORE OF OUR COURSES. 371421 299 CORPORATE PROFESSIONAL DEVELOPMENT (CPD) PROGRAM PROVIDES PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR INCUMBENT WORKERS AND THOSE INTERESTED IN CAREERS IN THE INDUSTRY. 371421 299 2876230 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 79 0 1 21 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SONDRA SCHWARTZ CHIEF EXECUTIVE OFFICER 6176745100 255 MAIN STREET 8TH FLOOR CAMBRIDGE MA 02142 KENDALLE BURLIN O'CONNELL DIR./ PRES. & CEO OF MASSBIO 1.00 40.00 X 0 720968 23676 SONDRA SCHWARTZ CHIEF EXECUTIVE OFFICER 40.00 X 226579 0 23228 MICHELLE MISCHKE VP BIOTECHNOLOGY EDUC. PROG. 40.00 X 150805 0 20280 MARCIE LADEN SR DIR. OF MKTG. & DEVELOPMENT 40.00 X 126679 0 27101 SPENCER KLEIN DIRECTOR OF FINANCE & ADMIN 40.00 X 116089 0 16007 WHITNEY HAGINS DIRECTOR OF BIOTEACH INSTRUCTION 40.00 X 102373 0 4095 LAUREN CELANO DIRECTOR/ CHAIR 1.00 X X 0 0 0 KRISTIN GOPPEL DIRECTOR/VICE CHAIR 1.00 X X 0 0 0 MICHAEL LEVY DIRECTOR/ TREASURER (UNTIL 12/2023) 1.00 X X 0 0 0 STACIE SAWCHAK AARESTAD DIRECTOR/ CLERK (UNTIL 12/2023) 1.00 X X 0 0 0 RYAN COHLHEPP DIRECTOR 1.00 X 0 0 0 DEBBIE DURSO BUMPUS DIRECTOR 1.00 X 0 0 0 MELISSA MONAHAN DIRECTOR 1.00 X 0 0 0 MARY ELLEN WILTROUT DIRECTOR 1.00 X 0 0 0 ROBERT GOTTLIEB DIRECTOR 1.00 X 0 0 0 WYNTER J DUNCANSON DIRECTOR 1.00 X 0 0 0 AMITA JOSHI DIRECTOR 1.00 X 0 0 0 JAY METTETAL DIRECTOR 1.00 X 0 0 0 LORA MARDEN DIRECTOR 1.00 X 0 0 0 SHELLEY SEYMOUR DIRECTOR 1.00 X 0 0 0 RITA SMITH DIRECTOR 1.00 X 0 0 0 THOMAS SNOW DIRECTOR 1.00 X 0 0 0 WADE BROWN DIRECTOR 1.00 X 0 0 0 LAURIE HALLORAN DIRECTOR 1.00 X 0 0 0 HEATHER CONNOR DIRECTOR 1.00 X 0 0 0 MELISSA HACKMEIER DIRECTOR 1.00 X 0 0 0 JOHANNA JOBIN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MURPHY DIRECTOR (UNTIL 12/2023) 1.00 X 0 0 0 722525 720968 114387 5 0 1 0 0 215377 991692 1306957 2514026 APPRENTICESHIP EMPLOYE 900099 562360 562360 ATTENDANCE FEES 813219 458758 458758 CONSULTING REVENUE 813219 64579 64579 1085697 29492 29492 85145 215377 103901 -18756 -18756 MISCELLANEOUS REVENUE 900099 12864 12864 12864 3623323 1098561 0 10736 X 46606 46606 381903 277898 59040 44965 1367843 1237451 17390 113002 40750 33368 4848 2534 289193 232116 33355 23722 130598 113607 5239 11752 13327 13327 61538 61538 717005 610959 81896 24150 5235 1274 3961 114939 97157 7259 10523 106273 89960 7729 8584 27406 16559 10843 4 17121 14896 684 1541 2983 2983 MISCELLANEOUS 57981 5429 52503 49 BAD DEBT 45747 45747 EVENT SUPPLIES AND FACI 36681 29123 7229 329 DUES AND SUBSCRIPTIONS 13556 7209 6262 85 1355 1080 275 3478040 2876230 314823 286987 19818 912403 753903 567338 864561 340000 232000 5000 5000 138305 128503 26923 9802 89790 109714 1941454 1994798 107713 157725 18550 4542 141545 13602 267808 175869 X 1552774 1460557 120872 358372 1673646 1818929 1941454 1994798 145283 0 X X 0 1 X 1 0 X 3947738 1606133 1438175 1722269 2514026 11228341 3947738 1606133 1438175 1722269 2514026 11228341 214597 11013744 45404 18081 4924 13820 29492 111721 11340062 4479132 0.97120 0.97000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 61538 61538 0 PART II-B, LINE 1: ADVOCATING FOR STATE SUPPORT AND FUNDING FOR BIOTECH CAREER EDUCATION. 138305 128503 9802 9802 RIGHT-OF-USE ASSET - OPERATING LEASE 12702 DUE FROM RELATED PARTY 97012 109714 OPERATING LEASE OBLIGATIONS 13602 13602 X 3623323 0 3623323 0 3623323 3478040 0 3478040 0 3478040 PART X, LINE 2: THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2023. THE FOUNDATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 2023 CHAMPIONS 164677 108967 55710 6000 49710 650 8069 2022 MA LIFE SCIENCES WORKFORCE 135845 106410 29435 9169 20266 10037 300522 215377 85145 15169 69976 650 18106 103901 -18756 1 STOUGHTON HIGH SCHOOL 232 PEARL STREET STOUGHTON MA 02072 170(C)(1) 0 46606 FAIR MARKET VALUE LAB EQUIPMENT PROVIDE SCHOOL WITH BIOLAB EQUIPMENT 1 PART I, LINE 2: SCHOOL GRANTS ARE AWARDED BASED ON EVALUATION OF APPLICATIONS. GRANTS ARE MONITORED BY STAFF TO DETERMINE HOW THE FUNDS ARE USED AND STAFF ALSO ASSESS THE NUMBER OF TEACHERS TRAINED AND THE NUMBER OF CLASSES REACHED. IN ADDITION, STAFF EVALUATES AND APPROVES ORDERS FOR MATERIALS AND SUPPLIES BEFORE BEING SENT TO VENDORS FOR PROCESSING. X 0 0 0 0 0 0 0 0 0 KENDALLE BURLIN O'CONNELL DIR./ PRES. & CEO OF MASSBIO 0 720968 0 0 0 0 0 22500 0 1176 0 744644 0 0 SONDRA SCHWARTZ CHIEF EXECUTIVE OFFICER 201579 0 25000 0 0 0 9067 0 14161 0 249807 0 0 0 MICHELLE MISCHKE VP BIOTECHNOLOGY EDUC. PROG. 150805 0 0 0 0 0 0 0 20280 0 171085 0 0 0 MARCIE LADEN SR DIR. OF MKTG. & DEVELOPMENT 126679 0 0 0 0 0 5209 0 21892 0 153780 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS EXAMINED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND WAS MADE AVAILABLE TO THE FULL BOARD AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C MONITORED THROUGH BOARD VOTES AND GENERAL OVERSIGHT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE ON AN ANNUAL BASIS AND DETERMINES SALARY BASED ON PERFORMANCE. THE CHIEF EXECUTIVE OFFICER REVIEWS ALL OTHER STAFF'S PERFORMANCE AND DETERMINES SALARY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE OF PUBLIC RECORD AND ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 610,959. MANAGEMENT AND GENERAL EXPENSES 81,896. FUNDRAISING EXPENSES 24,150. TOTAL EXPENSES 717,005. FORM 990, PART V, LINE 2A: THERE HAVE BEEN NO CHANGES TO OVERSIGHT OF THE AUDIT PROCESSES AND SELECTION OF AN INDEPENDENT ACCOUNTANT. MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC 700 TECHNOLOGY SQUARE 5TH FLOOR CAMBRIDGE MA 02139 222693047 PERMITTING AND FOSTERING POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY MA 501(C)(6) N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0