2021-10-06T16:09:10-05:00 2020-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-01-01 223799632 MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC MASS 6176745100 255 MAIN STREET 8TH FLOOR CAMBRIDGE MA 02142 SONDRA SCHWARTZ EXECUTIVE DIRECTOR 6176745100 2021-08-18 1 SONDRA SCHWARTZ XXX-XX-XXXX THOMAS F MULDOON CPA P01561688 5083669100 2021-08-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MASSBIOED SONDRA SCHWARTZ 255 MAIN STREET 8TH FLOOR CAMBRIDGE MA 02142 1972472 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. 16 15 0 79 0 0 3947738 1606133 285722 345238 45404 18081 -18504 -57117 4260360 1912335 43525 28900 0 0 743826 1099034 0 0 127174 2601760 2133414 3389111 3261348 871249 -1349013 4228952 2866284 1016911 1003256 3212041 1863028 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 528838 28900 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.IN THE 2019-2020 SCHOOL YEAR, BIOTEACH PROVIDED 16 WORKSHOPS FOR 149 TEACHERS FROM 83 SCHOOLS. OVER THE 2019-2020 SCHOOL YEAR, 94% OF THESE TEACHERS REPORTED INCORPORATING NEW BIOTEACH LABS IN THEIR CLASSROOMS. IN ADDITION, STUDENTS PARTICIPATED IN COLLEGE AND CAREER EXPLORATION EVENTS. OUR ACCESS (ALIGNED CURRICULAR & CAREER EXPERIENCES FOR SECONDARY SCIENCE) PROGRAM REACHED 738 STUDENTS, AND OUR EQUIPMENT GRANT AND TOTE (TAKE OUT TRAINING & EQUIPMENT) LENDING PROGRAMS PROVIDED MATERIALS AND EQUIPMENT TO 8 SCHOOLS ASSISTING OVER 50 TEACHERS AND REACHING 1,071 STUDENTS. 234898 900 BIOTALENT INCLUDED SEVERAL DIFFERENT PROGRAMS FOCUSED ON UNDERSTANDING, BUILDING, AND SUPPORTING WORKFORCE DEVELOPMENT AND CAREER AWARENESS. ACTIVITIES INCLUDED:A. JOB TRENDS INITIATIVES 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 2020, MASSBIOED PUBLISHED ONE JOB TRENDS REPORT, THE 2019 MASSACHUSETTS LIFE SCIENCES EMPLOYMENT OUTLOOK, AND CONVENED THE LIFE SCIENCES WORKFORCE 2020 CONFERENCE IN MAY, WHICH ATTRACTED OVER 270 PARTICIPANTS. B. CAREER ENGAGEMENT 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. OUR SPOTLIGHT SERIES MATCHES STUDENTS WITH PROFESSIONALS FOR VIRTUAL INFORMATIONAL INTERVIEWS. IN 2019-2020 SCHOOL YEAR, WE EXPANDED THE PROGRAM TO REACH COLLEGE STUDENTS. WE HELD A TOTAL OF 12 EVENTS, THREE OF WHICH WERE VIRTUAL, ENGAGING A TOTAL OF 336 STUDENTS WHO REPRESENTED SIX SCHOOLS, TWO COLLEGES, PROJECT LEARN AND THE MA RURAL SCHOOLS COALITION. ADDITIONALLY, NINE SPOTLIGHT INTERVIEWS WERE PRODUCED AND ARE NOW FREELY AVAILABLE ONLINE. 23 CAREER AMBASSADORS VOLUNTEERED THEIR TIME TO CONNECT WITH THESE STUDENTS, REPRESENTING 20 LIFE SCIENCES COMPANIES. WE ALSO COORDINATED MULTIPLE COLLEGE AND CAREER EXPLORATION VISITS AND EVENTS. IN TOTAL, OVER 24 EVENTS, 912 STUDENTS REPRESENTING 28 SCHOOLS PARTICIPATED IN COLLEGE AND CAREER EXPLORATION ENGAGEMENTSC. 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 2020 THE PROGRAM WAS DESIGNED AND INITIATED WITH ITS OUTREACH AND PROGRAM DEVELOPMENT EFFORTS. 1691210 OUR PROFESSIONAL TRAINING COURSES PROVIDE TECHNICAL AND SOFT SKILLS TRAINING AND DEVELOPMENT TO INDIVIDUALS IN THE INDUSTRY. THE COURSES ARE DEVELOPED IN CONJUNCTION WITH INDUSTRY PROFESSIONALS AND INCLUDE BIOTECH 101, BIOTECHNOLOGY PROJECT MANAGEMENT, AND LEADERSHIP DEVELOPMENT AMONG OTHERS. IN 2020, 387 INDIVIDUALS PARTICIPATED IN PROFESSIONAL TRAINING COURSES. 167231 347358 CORPORATE PROFESSIONAL DEVELOPMENT (CPD) PROGRAM PROVIDES PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR INCUMBENT WORKERS AND THOSE INTERESTED IN CAREERS IN THE INDUSTRY. 75021 OUTREACH PROGRAM - FOCUSES ON THE DEVELOPMENT OF PROGRAMS THAT CONNECTTHREE KEY MASSBIOED STAKEHOLDERS: THE EDUCATION AND TRAINING COMMUNITY,STATE AGENCIES FOCUSED ON EDUCATION AND TRAINING, AND INDUSTRY. ONEINITIATIVE DEVELOPED IS THE MASSACHUSETTS LIFE SCIENCES EDUCATIONCONSORTIUM, WHICH HAS ESTABLISHED INDUSTRY VALIDATION OF COMMUNITYCOLLEGE BIOTECHNOLOGY PROGRAMS BY MEANS OF MASSBIOED'S EXTENSIVE WORKIN INVOLVING INDUSTRY EXPERTS IN THE REVIEW OF COMMUNITY COLLEGECURRICULA AND FACILITATING DIALOGUE WITH COMMUNITY COLLEGE EDUCATORS 242252 347358 2697198 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 21 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SONDRA SCHWARTZ EXECUTIVE DIRECTOR 6176745100 255 MAIN STREET 8TH FLOOR CAMBRIDGE MA 02142 ROBERT COUGHLIN PRESIDENT & CEO OF MASSBIO 1.00 40.00 X 0 907813 337438 SONDRA SCHWARTZ EXECUTIVE DIRECTOR 40.00 X 199970 0 24779 MICHELLE MISCHKE DIRECTOR OF BIOTECHNOLOGY PROGRAMS 40.00 X 125496 0 26986 MARCIE LADEN DIRECTOR OF DEVELOPMENT AND MARKETING 40.00 X 101533 0 21185 LAUREN CELANO DIRECTOR/ VICE CHAIR 1.00 X X 0 0 0 MICHAEL LEVY DIRECTOR/ TREASURER 1.00 X X 0 0 0 STACIE SAWCHAK AARESTAD DIRECTOR/ CLERK 1.00 X X 0 0 0 JOAN G ABRAMS DIRECTOR 1.00 X 0 0 0 BILL CIAMBRONE DIRECTOR 1.00 X 0 0 0 RYAN COHLHEPP DIRECTOR 1.00 X 0 0 0 RENEE CONNOLLY DIRECTOR 1.00 X 0 0 0 DEBBIE DURSO BUMPUS DIRECTOR 1.00 X 0 0 0 KRISTIN GOPPEL DIRECTOR 1.00 X 0 0 0 JOHN HEFFERNAN DIRECTOR 1.00 X 0 0 0 MELISSA MONAHAN DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MURPHY DIRECTOR/ CHAIR 1.00 X X 0 0 0 SRIDARAN NATESAN 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 426999 907813 410388 3 0 1 0 SUFFOLK CONSTRUCTION COMPANY 25 MOULTON STREET CAMBRIDGE MA 02138 CONSTRUCTION AND GENERAL CONTRACTOR 1651451 2 194435 117600 1294098 1606133 ATTENDANCE FEES 813219 345238 345238 345238 18081 18081 0 194435 60137 -60137 -60137 MISCELLANEOUS REVENUE 900099 3020 3020 3020 1912335 348258 0 -42056 X 28900 28900 377231 220549 134930 21752 573668 395682 114104 63882 16303 7969 8310 24 57500 24613 32021 866 74332 50669 17476 6187 36130 36130 1794980 1776519 18086 375 1687 177 1510 27468 18055 4652 4761 93480 62096 17603 13781 3430 2130 1255 45 2232 2232 1611 1611 REIMBURSEMENTS-RELATED 139779 92589 33234 13956 MISCELLANEOUS 14370 1525 12810 35 DUES AND SUBSCRIPTIONS 10434 8597 1837 EVENT SUPPLIES 7229 7128 101 584 584 3261348 2697198 436976 127174 129178 10556 3970961 2684767 98219 136250 8094 5000 107900 78189 22500 29711 4228952 2866284 1007298 993221 9613 10035 1016911 1003256 X 1713037 1613610 1499004 249418 3212041 1863028 4228952 2866284 -1349013 0 X X 0 1 X 1 0 X 950797 1159786 1878076 3947738 1606133 9542530 950797 1159786 1878076 3947738 1606133 9542530 555952 8986578 11312 4634 20107 45404 18081 99538 24864 9983 8155 3020 46022 9688090 1287847 0.92760 0.90420 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 24,864. 2018 AMOUNT: $ 9,983. 2019 AMOUNT: $ 8,155. 2020 AMOUNT: $ 3,020. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107900 78189 29711 29711 X 1912335 0 1912335 0 1912335 3261348 0 3261348 0 3261348 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, 2020. THE FOUNDATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. VIRTUAL EVENT 81404 81404 6891 RECEPTION 113031 113031 9060 2319 1 0 0 41867 194435 194435 9060 51077 60137 -60137 1 FRONTEIR HIGH SCHOOL 113 N MAIN STREET SOUTH DEERFIELD MA 01373 170(C)(1) 5238 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH EAST BOSTON HIGH SCHOOL 86 WHITE STREET BOSTON MA 02128 170(C)(1) 5000 LAB SUPPLIES JOSH BOGER INNOVATIVE SCHOLARSHIP AWARD 2 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 1 0 0 0 0 0 0 0 ROBERT COUGHLIN PRESIDENT & CEO OF MASSBIO 0 687813 0 220000 0 0 0 311400 0 26038 0 1245251 0 0 SONDRA SCHWARTZ EXECUTIVE DIRECTOR 181562 0 18408 0 0 0 8043 0 16736 0 224749 0 0 0 MICHELLE MISCHKE DIRECTOR OF BIOTECHNOLOGY PROGRAMS 125496 0 0 0 0 0 5367 0 21619 0 152482 0 0 0 PART I, LINE 4B MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC. (SEE SCHEDULE R), MAINTAINS A SENIOR EXECUTIVE RETIREMENT PROGRAM (SERP) TO PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS TO ITS PRESIDENT/CEO, ROBERT COUGHLIN, WHO IS A BOARD MEMBER OF THE FOUNDATION. THERE WERE NO DISTRIBUTIONS THROUGH THIS PLAN IN 2020. 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 EXECUTIVE DIRECTOR'S PERFORMANCE ON AN ANNUAL BASIS AND DETERMINES SALARY BASED ON PERFORMANCE. THE EXECUTIVE DIRECTOR 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 1,776,519. MANAGEMENT AND GENERAL EXPENSES 18,086. FUNDRAISING EXPENSES 375. TOTAL EXPENSES 1,794,980. 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) NO NO 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MASSACHUSETTS BIOTECHNOLOGY COUNCIL C 377363 GRANTS FROM MASSBIO COUNCIL MASSACHUSETTS BIOTECHNOLOGY COUNCIL N 139779 REIMBURSE FOR SHARED FACILITIES MASSACHUSETTS BIOTECHNOLOGY COUNCIL P 1099034 REIMBURSE MASSBIO FOR PAYROLL MASSACHUSETTS BIOTECHNOLOGY COUNCIL O 66370 REIMBURSE FOR SHARED EMPLOYEES