2025-08-28T10:45:51-05:00 2024-12-31 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 150 PRESIDENTIAL WAY SUITE 510 WOBURN MA 01801 990 2024-01-01 463020006 GLOUCESTER MARINE GENOMICS INSTITUTE INCORPORATED GLOU 9788794575 417 MAIN STREET GLOUCESTER MA 01930 BONNIE FENDROCK EXECUTIVE DIRECTOR 9788794575 2025-08-28 1 1 EVA MRUK P00543254 7819375300 2025-08-28 2024 2025-03-06 01:10:19Z BONNIE FENDROCK 417 MAIN STREET GLOUCESTER MA 01930 9856858 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. BY BRINGING WORLD-CLASS SCIENCE AND TRANSFORMATIVE WORKFORCE DEVELOPMENT TO GLOUCESTER'S HISTORIC WATERFRONT, GMGI IS CATALYZING THE REGIONAL ECONOMY. 10 10 48 89 0 0 5507601 9715449 135482 109987 19563 22971 1067 8451 5663713 9856858 127299 177601 0 0 3056610 3696348 0 0 496891 2087534 1965525 5271443 5839474 392270 4017384 9194920 13172949 1906491 1867136 7288429 11305813 X GLOUCESTER MARINE GENOMICS INSTITUTE'S MISSION IS TO ADDRESS CRITICAL CHALLENGES IN OCEAN HEALTH, HUMAN HEALTH, AND THE ENVIRONMENT THROUGH INNOVATIVE MARINE BIOTECHNOLOGY RESEARCH AND TRANSFORMATIVE SCIENCE EDUCATION. BY COMBINING WORLD-CLASS GENOMICS RESEARCH WITH WORKFORCE DEVELOPMENT PROGRAMS, THE ORGANIZATION AIMS TO REVITALIZE GLOUCESTER'S ECONOMY AND BUILD A THRIVING LIFE SCIENCES COMMUNITY. 0 0 2632628 0 97174 RESEARCH - GMGI OPERATES A WORLD-CLASS MARINE BIOTECHNOLOGY RESEARCH INSTITUTE IN A PURPOSE-BUILT LABORATORY ON GLOUCESTER HARBOR WHERE THE SCIENCE TEAM PURSUES RESEARCH BASED ON ADVANCED GENOMIC METHODOLOGIES AND ANALYSIS TOOLS. RESEARCHERS ADDRESS QUESTIONS RELATED TO TWO MAIN PROGRAM AREAS: HEALTHY OCEANS AND FISHERIES AND MARINE BIOMEDICAL DISCOVERY. MARINE GENOMICS REPRESENTS A NEW EPOCH IN BOTH MARINE SCIENCE AND BIOTECHNOLOGY AND GMGI IS LEADING THE WAY. GMGI BENEFITS FROM PARTNERSHIPS WITH WORLD-CLASS ORGANIZATIONS INCLUDING LEADING FOUNDATIONS, UNIVERSITIES, AND FEDERAL AND STATE AGENCIES, AND FOCUSES ON TRANSLATIONAL RESEARCH THAT CONNECTS DIRECTLY TO THE VEXING MODERN CHALLENGES OF FISHERIES MANAGEMENT AND CLIMATE CHANGE AS WELL AS DERIVING NEW APPROACHES TO CANCER AND AGING FROM OCEAN RESOURCES. 1673315 177601 12813 BIOTECHNOLOGY ACADEMY - GMGI'S VIBRANT SCIENCE LEARNING ENVIRONMENT, THE GLOUCESTER BIOTECHNOLOGY ACADEMY ("ACADEMY"), PREPARES YOUNG ADULTS TO BECOME CERTIFIED LABORATORY TECHNICIANS THROUGH A PROPRIETARY 9-MONTH PROGRAM THAT INCLUDES SIX MONTHS OF HANDS-ON TRAINING FOLLOWED BY A THREE-MONTH PAID INDUSTRY INTERNSHIP. THE LAB-IMMERSION CURRICULUM IN OUR STATE-OF-THE-ART FACILITIES ENJOYS GRADUATION AND CAREER PLACEMENT RATES THAT OUTPACE VOCATIONAL AND COMMUNITY COLLEGE NORMS NATIONWIDE AND HAS RECENTLY EXPANDED TO INCLUDE THE TOPICS OF CELL CULTURE AND BIOMANUFACTURING. THE ORGANIZATION OFFERS ITS CERTIFICATE PROGRAM TUITION-FREE FOR ALL STUDENTS IN THE ACADEMY. THE ACADEMY ALSO OFFERS HANDS-ON, STEM ENRICHMENT PROGRAMMING TO MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS THROUGHOUT THE YEAR, PROVIDING AWARENESS, ACCESS AND EDUCATION ON THE THRIVING LIFE SCIENCES AND BIOTECH FIELDS TO PRIMARILY UNDERSERVED STUDENTS IN COMMUNITIES ON THE NORTH SHORE AND IN BOSTON. 4305943 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 48 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 4.00 X X 0 0 0 TOM SIMONS DIRECTOR/CLERK 2.00 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 THRU 06/2024 1.00 X 0 0 0 JOHN O'CONNOR DIRECTOR 2.00 X 0 0 0 GEORGE PUTNAM DIRECTOR 2.00 X 0 0 0 LAURA SEN DIRECTOR 2.00 X 0 0 0 DAVID WALT DIRECTOR 1.00 X 0 0 0 JIM WESTRA DIRECTOR 1.00 X 0 0 0 CHRISTINE BOLZAN EXECUTIVE DIRECTOR 40.00 X 267956 0 1680 ANDREA BODNAR SCIENCE DIRECTOR 40.00 X 222055 0 29395 JOHN DOYLE EDUCATION DIRECTOR 40.00 X 125614 0 38471 ANDREW GARDNER CHIEF SCIENTIFIC OFFICER 40.00 X 134838 0 191 MATTHEW HARKE RESEARCH SCIENTIST II 40.00 X 108777 0 22388 LAURA RICHANE DIRECTOR OF PARTNERSHIP & ENROLLMENT 40.00 X 118119 0 36007 LOGAN WALSH DEVELOPMENT DIRECTOR 40.00 X 175581 0 18498 1152940 0 146630 8 0 1 0 0 879221 8836228 113170 9715449 RESEARCH SUPPORT 541700 97174 97174 TUITION REVENUE 611430 12813 12813 109987 22971 22971 OTHER REVENUE 900099 7896 7896 SWAG REVENUE 900099 555 555 8451 9856858 109987 0 31422 23531 23531 154070 154070 521086 233579 233579 53928 2652275 1939675 391084 321516 281186 193547 51571 36068 241801 161776 51835 28190 76000 76000 111050 15006 95264 780 19285 14158 2620 2507 132665 86322 40712 5631 126638 93414 23085 10139 334673 318139 8656 7878 127262 119138 4151 3973 33372 24500 4533 4339 7595 7595 490976 483039 5293 2644 25903 15 25888 LAB CONSUMABLES 279006 265289 13717 SERVICE POLICIES 90573 90573 REPAIRS AND MAINTENANCE 68799 63822 3397 1580 EVENTS EXPENSE 30512 22400 4145 3967 11216 3950 7232 34 5839474 4305943 1036640 496891 155395 275299 962363 2235648 2885098 6113008 92890 109214 6161133 3083228 3502785 3077905 1596389 1361875 9194920 13172949 153749 205339 6810 164267 111958 91643 1633974 1405887 1906491 1867136 X 3830562 5000052 3457867 6305761 7288429 11305813 9194920 13172949 4017384 0 X X 0 1 X 1 0 X 2133799 3613857 4770781 5507601 9715449 25741487 2133799 3613857 4770781 5507601 9715449 25741487 541845 25199642 6006 2405 15666 20017 22971 67065 7399 16342 4146 1067 8451 37405 25845957 507331 0.97500 0.87660 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 7,399. 2021 AMOUNT: $ 16,342. 2022 AMOUNT: $ 3,415. 2023 AMOUNT: $ 630. 2024 AMOUNT: $ 7,896. SWAG REVENUE - 2022 AMOUNT: $ 731. 2023 AMOUNT: $ 437. 2024 AMOUNT: $ 555. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3526914 1130170 2396744 2634219 1953058 681161 3077905 OPERATING LEASE RIGHT-OF-USE ASSET 1361875 1361875 OPERATING LEASE LIABILITY 1405887 1405887 X 10109685 252827 252827 9856858 0 9856858 6092301 252827 252827 5839474 0 5839474 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. THE ORGANIZATION 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, 2024 OR 2023. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2021. CURRENTLY, THERE ARE NO INCOME TAX AUDITS IN PROCESS. 1 BIGELOW LABORATORY FOR OCEAN SCIENCES 60 BIGELOW DRIVE EAST BOOTHBAY ME 04544 016006001 501(C)(3) 20077 0 SUBAWARD - RESEARCH PROJECT 1 0 STIPENDS TO STUDENTS 38 141260 GIFT CARDS AND FOOD TO STUDENTS 17 7210 RENT ASSISTANCE TO STUDENTS 3 5600 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 0 0 0 0 0 0 0 1 0 CHRISTINE BOLZAN EXECUTIVE DIRECTOR 242182 0 25000 0 774 0 0 0 1680 0 269636 0 0 0 ANDREA BODNAR SCIENCE DIRECTOR 211875 0 10000 0 180 0 0 0 29395 0 251450 0 0 0 LOGAN WALSH DEVELOPMENT DIRECTOR 165437 0 10000 0 144 0 0 0 18498 0 194079 0 0 0 JOHN DOYLE EDUCATION DIRECTOR 120461 0 5000 0 153 0 0 0 38471 0 164085 0 0 0 LAURA RICHANE DIRECTOR OF PARTNERSHIP & ENROLLMENT 115404 0 2500 0 215 0 0 0 36007 0 154126 0 0 0 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 2 55036 AVG. SELLING PRICE X LAB EQUIPMENT 1 36835 COST X LAB CONSUMABLES 3 21299 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. THE ORGANIZATION'S AUDITING AND TAX FIRM PRESENTS THE FORM 990 TO THE AUDIT & FINANCE COMMITTEE PROVIDING AN OPPORTUNITY FOR QUESTIONS AND DISCUSSION. 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 2024. 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.