2016-05-26T13:38:44-05:00 2015-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-01-01 222693047 MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC MASS 6176745100 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 ROBERT COUGHLIN PRESIDENT 6176745100 2016-05-26 1 YEVGENIYA GORLOVSKY-SCHEPP CPA P01485484 5083669100 2016-05-04 2015 2016-09-27 15:27:22Z ROBERT COUGHLIN 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 6644496 0 X WWW.MASSBIO.ORG X 1985 MA MASSBIO IS COMMITTED TO ADVANCING MASSACHUSETTS' LEADERSHIP IN THE LIFE SCIENCES TO GROW THE INDUSTRY, ADD VALUE TO THE HEALTH CARE SYSTEM AND IMPROVE PATIENT LIVES. 38 37 34 193 0 0 3032083 3235623 2880376 3389620 17083 19253 0 0 5929542 6644496 102700 160100 0 0 2987895 2976453 0 0 0 2175601 2452149 5266196 5588702 663346 1055794 7964128 9000778 1507036 1487892 6457092 7512886 MASSBIO IS COMMITTED TO ADVANCING MASSACHUSETTS' LEADERSHIP IN THE LIFE SCIENCES TO GROW THE INDUSTRY, ADD VALUE TO THE HEALTH CARE SYSTEM AND IMPROVE PATIENT LIVES. 0 0 4785951 160100 3389620 MASSACHUSETTS BIOTECHNOLOGY COUNCIL - COSTS INCURRED TO SUPPORT AND PROVIDE A POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION. 4785951 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 11 0 34 1 0 0 0 0 1 1 0 X 38 37 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOSEPH FAZIO VP FINANCE 6176745100 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 ROBERT COUGHLIN PRESIDENT/DIRECTOR 40.00 X X 627800 0 31520 MARK LEUCHTENBERGER DIRECTOR 0.30 X 0 0 0 MICHAEL O'HARA TREASURER 0.50 X X 0 0 0 GLENN BATCHELDER CHAIR 0.50 X X 0 0 0 GEOFFREY F COX DIRECTOR 0.30 X 0 0 0 MARK BAMFORTH DIRECTOR 0.30 X 0 0 0 JEFFREY J ELTON PHD DIRECTOR 0.30 X 0 0 0 SCOTT GILLIS DIRECTOR 0.30 X 0 0 0 EDWIN M KANIA JR DIRECTOR 0.30 X 0 0 0 LAURIE BARTLETT KEATING DIRECTOR 0.30 X 0 0 0 STEVEN RICHTER DIRECTOR 0.30 X 0 0 0 LAWRENCE S WITTENBERG DIRECTOR 0.50 X 0 0 0 AMIT SACHDEV DIRECTOR 0.30 X 0 0 0 STEVEN GILMAN DIRECTOR 0.30 X 0 0 0 GEOFF MACKAY IMMEDIATE PAST CHAIR 0.50 X 0 0 0 CHARLES WILSON DIRECTOR 0.30 X 0 0 0 ABBIE CELNIKER VICE CHAIR 0.50 X X 0 0 0 JC GUTIERREZ-RAMOS DIRECTOR 0.30 X 0 0 0 DEANNA PETERSEN DIRECTOR 0.30 X 0 0 0 KATHLEEN TREGONING DIRECTOR 0.30 X 0 0 0 CAREN ARNSTEIN DIRECTOR 0.30 X 0 0 0 JAMES HOYES DIRECTOR 0.30 X 0 0 0 DAVID LUCCHINO CLERK 0.50 X X 0 0 0 RENEE CONNOLLY DIRECTOR 0.30 X 0 0 0 LISA OLSON DIRECTOR 0.30 X 0 0 0 ALICE POMPONIO DIRECTOR 0.30 X 0 0 0 JAMES BURNS DIRECTOR 0.30 X 0 0 0 LIZ LEWIS DIRECTOR 0.30 X 0 0 0 PARIS PANAYIOTOPOULOS DIRECTOR 0.30 X 0 0 0 ADELENE PERKINS DIRECTOR 0.30 X 0 0 0 RICK RUSSELL DIRECTOR 0.30 X 0 0 0 MELISSA BRADFORD KLUG DIRECTOR 0.25 X 0 0 0 TIM CLARKSON DIRECTOR 0.25 X 0 0 0 CHRIS GARABEDIAN DIRECTOR 0.25 X 0 0 0 SAM GUHAN DIRECTOR 0.25 X 0 0 0 ANTONY LOEBEL DIRECTOR 0.25 X 0 0 0 JOHN ORLOFF DIRECTOR 0.25 X 0 0 0 MICHAEL PELLINI DIRECTOR 0.25 X 0 0 0 JOSEPH FAZIO VP FINANCE 40.00 X 170773 0 26755 JOHN HALLINAN CHIEF BUSINESS OFFICER 40.00 X 243441 0 24795 KENDALLE O'CONNELL VP MEMBER SERVICES 40.00 X 157481 0 12137 SARAH MACDONALD VP DEVELOPMENT AND COMMUNI 40.00 X 181571 0 27442 PETER ABAIR DIRECTOR, ECONOMIC & GLOBAL AFFAIRS (THROUGH 6/15) 40.00 X 155694 0 26560 1536760 0 149209 7 0 1 0 GETFUSED INC 285 SUMMER ST STE 101 BOSTON MA 02210 WEB SITE CONSULTANT 190065 FREEMAN 275 BODWELL STREET BOSTON MA 02322 DESIGN, SUPPLY, BUILD PAVILION FOR BIO C 156097 PARK STREET STRATEGIES 15 CLIFTON AVENUE MARBLEHEAD MA 01945 STATE AND FEDERAL LOBBYIST 150000 MCDERMOTT QUILTY & MILLER LLP 21 CUSTOM HOUSE STREET BOSTON MA 02110 STATE LOBBYIST 120758 4 3235623 3235623 CONSORTIUM REBATES 900099 1860562 1860562 SPONSORSHIP FEES 900099 1225324 1225324 ATTENDANCE FEES 900099 194265 194265 OTHER PROGRAM REVENUE 900099 109469 109469 3389620 19253 19253 6644496 3389620 0 19253 160100 659320 1865187 62376 231978 157592 7777 22363 147495 138822 138576 135874 518387 145669 9713 75785 5847 EVENT COSTS 647891 CONSULTING 363255 DUES AND SUBSCRIPTIONS 87864 BAD DEBT 6831 5588702 260577 278598 6684583 7499096 487756 660795 185644 153073 998962 706425 200112 292537 145456 116679 7964128 9000778 278586 274461 996758 975863 231692 237568 1507036 1487892 X 6457092 7512886 6457092 7512886 7964128 9000778 1055794 0 X X 0 1 X 1 0 0 0 0 3235623 927967 927967 1067756 -139789 49365 15954 33411 835918 605448 230470 113679 85023 28656 292537 DEFERRED RENT 237568 237568 X 6418002 0 6418002 226494 226494 6644496 5362208 -226494 -226494 5588702 0 5588702 PART X, LINE 2: MASSBIO 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. MASSBIO HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2015. MASSBIO'S FEDERAL INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL JURISDICTION AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DUES ALLOCATION TO MBEF PART XII, LINE 2D - OTHER ADJUSTMENTS: DUES ALLOCATION TO MBEF PART XI, LINE 4B & PART XII, LINE 2D RECONCILIATION OF REVENUES AND EXPENSES FROM FINANCIAL STATEMENTS TO TAX RETURN INCLUDES 226,494 NET DUES ALLOCATION TO MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION. 1 MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 223799632 501(C)3 160000 TO FUND GENERAL OPERATIONS AND WORKFORCE DEVELOPMENT. 1 0 FORM 990 SCHEDULE I PART II X FORM 990 SCHEDULE I PART II MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC. (MASSBIO) PRESIDENT AND ONE OTHER MASSBIO BOARD MEMBER SIT ON THE MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, INC. (MBEF) BOARD. ALL MBEF BOARD MEETINGS INCLUDE PRESENTATION OF FINANCIAL STATEMENTS AND DISCUSSION OF PROGRESS IN ACHIEVING MBEF GOALS. MASSBIO'S TOTAL STAKE IN MBEF IS EVALUATED BASED ON THIS BOARD-LEVEL INTERACTION, INCLUDING THE GRANT DOLLARS, THE PERCENTAGE OF DUES THAT IS TURNED OVER TO MBEF, AND THE AMOUNT OF SUPPORT MASSBIO WILL PROVIDE IN PUTTING ON THE GOLF FUND-RAISING EVENT. X X X 0 0 0 ROBERT COUGHLIN PRESIDENT/DIRECTOR 627800 0 0 0 0 0 10600 0 20920 0 659320 0 0 0 JOSEPH FAZIO VP FINANCE 170773 0 0 0 0 0 6677 0 20078 0 197528 0 0 0 JOHN HALLINAN CHIEF BUSINESS OFFICER 243441 0 0 0 0 0 7967 0 16828 0 268236 0 0 0 KENDALLE O'CONNELL VP MEMBER SERVICES 157481 0 0 0 0 0 6304 0 5833 0 169618 0 0 0 SARAH MACDONALD VP DEVELOPMENT AND COMMUNI 181571 0 0 0 0 0 7279 0 20163 0 209013 0 0 0 PETER ABAIR DIRECTOR, ECONOMIC & GLOBAL AFFAIRS 155694 0 0 0 0 0 6406 0 20154 0 182254 0 0 0 FORM 990 PART VII, SECTION A, LINE 1C PETER ABAIR WORKED AT THE COUNCIL THROUGH JUNE 2015. IN JULY, 2015, HE BECAME THE EXECUTIVE DIRECTOR OF MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION (SEE SCHEDULE R). HIS COMPENSATION OF $X AND BENEFITS OF $X RELATING TO THE FOUNDATION ARE ALSO INCLUDED ON THE ATTACHED SCHEDULE J, ALONG WITH HIS COMPENSATION AND BENEFITS FROM THE COUNCIL, AS THE FOUNDATION'S EMPLOYEES ARE PAID THROUGH THE COUNCIL'S PAYROLL SERVICE (SEE SCHEDULE O). FORM 990, PART VI, SECTION A, LINE 6 MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC IS A MEMBERSHIP ORGANIZATION. MEMBERS ARE REQUIRED TO MAKE ANNUAL PAYMENTS FOR THEIR MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WHO HAVE PAID THEIR ANNUAL MEMBERSHIP FEES ARE ENTITLED TO ONE VOTE. BOARD MEMBERS ARE NOMINATED BY THEIR PEERS AND ARE VOTED BY MEMBERS DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY OUR AUDIT FIRM BASED ON INFORMATION PROVIDED BY MASSACHUSETTS BIOTECHNOLOGY COUNCIL'S MANAGEMENT. THE MASSBIO VP OF FINANCE REVIEWS THE COMPLETED FORM 990 FOR ACCURACY, AND ANY CORRECTIONS OR CHANGES ARE AGREED UPON AND MADE BY THE AUDIT FIRM. A FINAL REVIEW OF THE FORM 990 IS THEN DONE BY THE PRESIDENT AND THE EXECUTIVE COMMITTEE OF THE BOARD WITH THE VP OF FINANCE. FORM 990, PART VI, SECTION B, LINE 12C ALL MASSBIO BOARD MEMBERS AND STAFF ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST FORM ANNUALLY. MANAGEMENT TRACKS FORM SIGNING TO INSURE FULL COMPLIANCE. RELATED PARTY TRANSACTIONS ARE COMPILED AND DISCLOSED IN THE AUDITED FINANCIALS AND FORM 990 WHICH ARE REVIEWED BY THE BOARD OR BOARD COMMITTEES. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT COMPENSATION - EXECUTIVE COMMITTEE OF THE BOARD USES THE AVERAGE SALARY FOR BIOTECH PRESIDENT'S AS A GUIDE IN DETERMINING SALARY. BONUS COMPENSATION IS BASED ON ACHIEVING ORGANIZATIONAL GOALS. KEY EMPLOYEE COMPENSATION - CEO NEGOTIATES ON BEHALF OF MASSBIO, USING COMPARABLE POSITIONS WITHIN THE BIOTECH INDUSTRY AS A STARTING POINT. FORM 990, PART VI, SECTION C, LINE 19 MASSBIO MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED IN 2015. FORM 990, PART V, LINE 2A EIGHT MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, INC. EMPLOYEES ARE PAID THROUGH MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC.'S PAYROLL SERVICE AND THUS ARE INCLUDED IN FORM W-3 FILING. MASSACHUSETTS BIOTECHNOLOGY COUNCIL RECEIVES REIMBURSEMENT FROM MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, INC. FOR THESE EMPLOYEES. MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC 300 TECHNOLOGY SQUARE CAMBRIDGE MA 02139 223799632 TO ENCOURAGE GROWTH OF BIOTECHNOLOGY EDUCATION IN MASSACHUSETTS SCHOOLS. MA 501(C)3 LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC B 386494 GRANT TO MASSBIO ED MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC N 168826 REIMBURSE FOR SHARED FACILITIES MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC Q 414994 REIMBURSE FOR MA BIO ED PAYROLL MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC O 56882 REIMBURSE FOR SHARED EMPLOYEES MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC L 86300 SPONSORSHIP FOR MA BIO GOLF EVENT