2017-11-13T10:53:40-06:00 2016-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2016-01-01 223799632 MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC MASS 6176745100 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 PETER ABAIR EXECUTIVE DIRECTOR 6176745100 2017-11-10 1 YEVGENIYA GORLOVSKY-SCHEPP CPA P01485484 5083669100 2017-11-10 64.238.141.162 2017-11-10 11:23:54 ES P C3B1CA5E9EDD1B55B0F6E2DA0EC022650C85F82C E389E89C54D8B2D0E67DFD5473BAB8CDEAF766EE 2016 2018-03-14 21:41:22Z MASSBIOED PETER ABAIR 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 1233345 0 X WWW.MASSBIOED.ORG X 2001 MA MASSBIOED IS A NON-PROFIT CHARITABLE ORGANIZATION THAT ENGAGES TEACHERS, INSPIRES STUDENTS, AND GUIDES THE LIFE SCIENCES WORKFORCE. OUR BIOTEACH PROGRAM SUPPORTS MASSACHUSETTS TEACHERS AS THEY WORK TO ENGAGE PUBLIC SCHOOL STUDENTS THROUGH LAB-CENTERED, INQUIRY-BASED LEARNING. OUR JOB TRENDS INITIATIVE IDENTIFIES WORKFORCE NEEDS AND ILLUMINATES THE PATHWAY FROM THE CLASSROOM TO CAREERS IN THE LIFE SCIENCES. 15 14 0 360 0 0 1102380 950797 232930 192193 4670 11312 0 22072 1339980 1176374 181803 164380 0 0 540440 615770 0 0 14082 456346 425495 1178589 1205645 161391 -29271 1688228 1692242 165951 199236 1522277 1493006 X MASSBIOED IS A NON-PROFIT CHARITABLE ORGANIZATION THAT ENGAGES TEACHERS, INSPIRES STUDENTS, AND GUIDES THE LIFE SCIENCES WORKFORCE. OUR BIOTEACH PROGRAM SUPPORTS MASSACHUSETTS TEACHERS AS THEY WORK TO ENGAGE PUBLIC SCHOOL STUDENTS THROUGH LAB-CENTERED, INQUIRY-BASED LEARNING. OUR JOB TRENDS INITIATIVE IDENTIFIES WORKFORCE NEEDS AND ILLUMINATES THE PATHWAY FROM THE CLASSROOM TO CAREERS IN THE LIFE SCIENCES. 0 0 572529 164380 BIOTEACH IS MASSBIOED'S FLAGSHIP EDUCATIONAL PROGRAM. IT FOCUSES ON STRENGTHENING THE ABILITY OF PUBLIC HIGH SCHOOL TEACHERS TO COMPETENTLY DELIVER LAB-CENTERED, INQUIRY-BASED LESSONS IN BIOTECHNOLOGY IN THEIR CLASSROOMS. IT INCLUDES SEVERAL COMPONENTS, INCLUDING WORKSHOPS FOR TEACHERS, MENTORING FOR TEACHERS, EXPERIENTIAL LEARNING FOR STUDENTS, AND THE PROVISION OF EQUIPMENT GRANTS FOR SOME PARTICIPATING SCHOOLS. IN THE ACADEMIC YEAR BEGINNING IN 2016, BIOTEACH PROVIDED 15 WORKSHOPS FOR 161 TEACHERS FROM 94 PUBLIC HIGH SCHOOL FROM ACROSS MASSACHUSETTS. IN ADDITION, 922 STUDENTS FROM 31 SCHOOLS PARTICIPATED IN COLLEGE AND CAREER EXPLORATION DAYS PROVIDED BY BIOTEACH 163511 0 WORKFORCE DEVELOPMENT INCLUDES ALL ACTIVITIES ASSOCIATED WITH MASSBIOED'S ACTIVITIES ON WORKFORCE ISSUES, INCLUDING JOB TREND ANALYSIS AND DEVELOPING GUIDANCE ON JOB SKILLS REQUIREMENTS AND CAREER PATHWAYS. THE JOB TRENDS INITIATIVE IS A COMPONENT OF WORKFORCE DEVELOPMENT. 104239 40528 OUTREACH PROGRAM- FOCUSES ON THE DEVELOPMENT OF PROGRAMS THAT CONNECT THREE KEY MASSBIOED STAKEHOLDERS: THE EDUCATION AND TRAINING COMMUNITY, STATE AGENCIES FOCUSED ON EDUCATION AND TRAINING, AND INDUSTRY. ONE INITIATIVE DEVELOPED IS THE MASSACHUSETTS LIFE SCIENCES EDUCATION CONSORTIUM, WHICH HAS ESTABLISHED INDUSTRY VALIDATION OF COMMUNITY COLLEGE BIOTECHNOLOGY PROGRAMS BY MEANS OF MASSBIOED'S EXTENSIVE WORK IN INVOLVING INDUSTRY EXPERTS IN THE REVIEW OF COMMUNITY COLLEGE CURRICULA AND FACILITATING DIALOGUE WITH COMMUNITY COLLEGE EDUCATORS. 75153 151665 THE MASSBIOED CORPORATE PROFESSIONAL DEVELOPMENT PROGRAM PROVIDES PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR INCUMBENT WORKERS AND THOSE INTERESTED IN CAREERS IN THE INDUSTRY. IN 2016, MASSBIOED SLIGHTLY REDUCED THE NUMBER OF COURSE OFFERINGS TO THOSE THAT WERE ONLY THE BEST RECEIVED BY STUDENTS IN THE PAST. FIVE DIFFERENT COURSES WERE OFFERED, WITH SEVERAL OFFERED MULTIPLE TIMES. IN ALL 141 STUDENTS PARTICIPATED IN THE CLASSES. OUR CORPORATE PROFESSIONAL DEVELOPMENT PROGRAM PROVIDES AN IMPORTANT SOURCE OF REVENUE TO MASSBIOED, AS THE REVENUE CAN BE FOR GENERAL PURPOSES BY THE FOUNDATION. 75153 151665 915432 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 13 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X PETER ABAIR EXECUTIVE DIRECTOR 6176745100 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 DAVID REIF PHD DIRECTOR 1.00 X 0 0 0 STACIE SAWCHAK AARESTAD DIRECTOR, CLERK 1.00 X X 0 0 0 RENEE CONNOLLY DIRECTOR, CHAIR 1.00 X X 0 0 0 ROBERT COUGHLIN DIRECTOR 1.00 X 0 658221 33025 STEVE RICHTER PHD DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MURPHY DIRECTOR, VICE CHAIR 1.00 X X 0 0 0 WILLIAM CIAMBRONE DIRECTOR 1.00 X 0 0 0 JOHN HODGMAN DIRECTOR 1.00 X 0 0 0 SRIDARAN NATESAN DIRECTOR 1.00 X 0 0 0 COLLEEN DESIMONE DIRECTOR, TREASURER 1.00 X X 0 0 0 JOAN ABRAMS DIRECTOR 1.00 X 0 0 0 LAUREN CELANO DIRECTOR 1.00 X 0 0 0 DEBBIE DURSO BUMPUS DIRECTOR 1.00 X 0 0 0 ROBERT GOTTLIEB DIRECTOR 1.00 X 0 0 0 MELISSA MANGANELLO DIRECTOR 1.00 X 0 0 0 PETER ABAIR EXECUTIVE DIRECTOR 40.00 X 162038 0 28319 162038 658221 61344 1 0 1 0 0 116981 110438 723378 950797 ATTENDANCE FEES 900099 151665 151665 CONSULTING REVENUE 900099 40528 40528 192193 11312 11312 79043 116981 56971 22072 22072 1176374 192193 0 33384 164380 164380 190357 77394 112963 350323 304420 45903 9580 6092 3488 28320 18012 10308 37190 29154 8036 450 450 20000 20000 83063 83063 7909 7909 16688 10411 1371 4906 10295 8940 538 817 6617 6617 3454 3454 REIMBURSEMENTS-RELATED 234830 181533 53297 EVENT SUPPLIES 22291 22291 BAD DEBT 9600 9600 MISCELLANEOUS 4206 4169 37 6092 5573 519 1205645 915432 276131 14082 11565 10673 1426466 1491899 241758 187533 752 1067 75957 74887 7687 1070 1688228 1692242 157986 194361 7965 4875 165951 199236 X 1450053 1470965 72224 22041 1522277 1493006 1688228 1692242 -29271 0 X X 0 1 X 1 0 X 811168 1063394 1046760 1102380 950797 4974499 811168 1063394 1046760 1102380 950797 4974499 900358 4074141 6107 4316 4442 4670 11312 30847 5005346 1152818 0.81400 0.79740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75957 74887 1070 1070 X 1162292 0 1162292 14082 14082 1176374 1191563 0 1191563 14082 14082 1205645 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, 2016. PART XI, LINE 4B - OTHER ADJUSTMENTS: INDIR. FUNDRAISING EXPENSES NETTED WITH REVENUE PER AUDITED FINANCIAL STMTS 14,082. PART XII, LINE 4B - OTHER ADJUSTMENTS: INDIR. FUNDRAISING EXPENSES NETTED WITH REVENUE PER AUDITED FINANCIAL STMTS 14,082. GOLF TOURNAMENT 165923 94130 71793 27953 17530 RECEPTION 30101 22851 7250 990 10498 196024 116981 79043 28943 28028 56971 22072 1 CLAREMONT ACADEMY WORCESTER 15 CLAREMONT STREET WORCESTER MA 01610 170(C)(1) 125 5306 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH GLOUCESTER HIGH SCHOOL 32 LESLIE OJOHNSON ROAD GLOUCESTER MA 01930 170(C)(1) 5280 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH AVON PUBLIC SCHOOLS 285 WEST MAIN STREET AVON MA 02322 170(C)(1) 8117 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH DENNIS-YARMOUTH REGIONAL HIGH SCHOOL 210 STATION AVENUE SOUTH YARMOUTH MA 02664 170(C)(1) 12088 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH LEE MIDDLE AND HIGH SCHOOL 300 GREYLOCK STREET LEE MA 01238 170(C)(1) 8842 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH PALMER HIGH SCHOOL 4105 MAIN STREET PALMER MA 01069 170(C)(1) 603 9840 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH SHEPHERD HILL REGIONAL HIGH SCHOOL 68 DUDLEY-OXFORD ROAD DUDLEY MA 01571 170(C)(1) 505 8563 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH SMITH VOCATIONAL AND AGRICULTURAL HIGH SCHOOL 80 LOCUST STREET NORTHAMPTON MA 01060 170(C)(1) 11706 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH SOUTH HIGH COMMUNITY SCHOOL 170 APRICOT STREET WORCESTER MA 01603 170(C)(1) 6894 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH SPRINGFIELD HIGH SCHOOL OF SCIENCE AND TECHNOLOGY 1250 STATE STREET SPRINGFIELD MA 01109 170(C)(1) 10334 FAIR MARKET VALUE LAB SUPPLIES TO SPARK STUDENT INTEREST IN BIOTECH 10 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 ROBERT COUGHLIN DIRECTOR 0 543518 0 114703 0 0 0 10600 0 22425 0 691246 0 0 PETER ABAIR EXECUTIVE DIRECTOR 162038 0 0 0 0 0 6660 0 21659 0 190357 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS EXAMINED AND APPROVED BY THE BOARD OF DIRECTORS 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. 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES TO OVERSIGHT OF THE AUDIT PROCESSES AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART V, LINE 2A MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION HAD 9 EMPLOYEES DURING TAX YEAR 2016. HOWEVER, PAYROLL FOR THESE EMPLOYEES ARE PROCESSED THROUGH MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC. (RELATED PARTY). THE ARRANGEMENT REQUIRES MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION TO REIMBURSE MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC. FOR PAYROLL COSTS RELATED TO THESE EMPLOYEES. ALSO SEE SCHEDULE R, PART V. MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC 300 TECHNOLOGY SQUARE 8TH 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 384578 GRANT FROM MASSBIO COUNCIL MASSACHUSETTS BIOTECHNOLOGY COUNCIL N 176783 REIMBURSE FOR SHARED FACILITIES MASSACHUSETTS BIOTECHNOLOGY COUNCIL P 615770 REIMBURSE MASSBIO FOR PAYROLL MASSACHUSETTS BIOTECHNOLOGY COUNCIL O 58047 REIMBURSE FOR SHARED EMPLOYEES