2024-11-14T11:24:45-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-06-05 932178166 BIOVERSITY INC BIOV 6176745107 700 TECHNOLOGY SQUARE 5TH FLOOR CAMBRIDGE MA 02139 KENDALLE BURLIN O'CONNELL ESQ PRESIDENT AND CEO 6176745107 2024-11-13 1 1 THOMAS F MULDOON CPA P01561688 5083669100 2024-11-13 2023 2024-10-15 13:58:12Z X KENDALLE BURLIN O'CONNELL 700 TECHNOLOGY SQUARE 5TH FLOOR CAMBRIDGE MA 02139 777410 0 X WWW.BIOVERSITYMA.ORG X 2023 MA BIOVERSITY, INC. WAS FORMED TO IMPLEMENT INDUSTRY-ALIGNED, EXPANDED WORKFORCE TRAINING INITIATIVES. BIOVERSITY OPERATES TRAINING CENTERS, RUNS PROGRAMMING, AND CREATES PARTNERSHIPS TO PROVIDE MASSACHUSETTS RESIDENTS THE SKILLS AND HANDS-ON EXPERIENCE NECESSARY TO ENTER AND THRIVE IN LIFE SCIENCES CAREERS. 3 1 0 1 0 0 777410 0 0 0 777410 0 0 0 0 0 263834 263834 513576 520767 7191 513576 X BIOVERSITY, INC. WAS FORMED TO IMPLEMENT INDUSTRY-ALIGNED, EXPANDED WORKFORCE TRAINING INITIATIVES. BIOVERSITY OPERATES TRAINING CENTERS, RUNS PROGRAMMING, AND CREATES PARTNERSHIPS TO PROVIDE MASSACHUSETTS RESIDENTS THE SKILLS AND HANDS-ON EXPERIENCE NECESSARY TO ENTER AND THRIVE IN LIFE SCIENCES CAREERS. 0 0 BIOVERSITY IS A WORKFORCE DEVELOPMENT PROGRAM FOR THE BIO-SCIENCES. WHILE THE ENTITY WAS ESTABLISHED IN 2023, CLASSES DID NOT COMMENCE UNTIL 2024. 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X KEVIN KELLY 6176745160 700 TECHNOLOGY SQUARE 5TH FLOOR CAMBRIDGE MA 02139 KENDALLE LEE BURLIN O'CONNELL PRESIDENT 1.00 40.00 X X 0 720968 23676 KEVIN KELLY CHIEF FINANCIAL OFFICER 1.00 40.00 X X 0 244899 16915 ALAN KODER CLERK 1.00 X X 0 0 0 0 965867 40591 0 0 1 0 0 468500 308910 78313 777410 777410 0 0 0 X 205981 205981 43500 43500 184 184 11999 11999 2142 2142 DUES AND SUBSCRIPTIONS 16 16 MEALS & ENTERTAINMENT 12 12 263834 0 263834 0 362095 42000 37971 63886 0 0 63886 0 14815 0 520767 7191 0 7191 X 513576 0 513576 0 520767 513576 0 X X 0 1 X 1 0 X 777410 777410 777410 777410 412217 365193 777410 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION BEGAN OPERATIONS IN JUNE 2023, AND THEREFORE THE 2023 TAX FILING IS A SHORT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 27600 27600 36286 36286 63886 X PART X, LINE 2: THE ORGANIZATION 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 COMBINED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS AT DECEMBER 31, 2023. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 0 0 0 0 0 0 0 0 0 KENDALLE LEE BURLIN O'CONNELL PRESIDENT 0 720968 0 0 0 0 0 22500 0 1176 0 744644 0 0 KEVIN KELLY CHIEF FINANCIAL OFFICER 0 244899 0 0 0 0 0 12384 0 4531 0 261814 0 0 PART I, LINE 3 ALL COMPENSATION IS PAID BY RELATED ORGANIZATION MASSACHUSETTS BIOTECHNOLOGY COUNCIL (MASSBIO). PRESIDENT COMPENSATION: THE EXECUTIVE COMMITTEE OF THE MASSBIO BOARD EMPLOYED AN EXECUTIVE COMPENSATION CONSULTANT IN 2019 TO EVALUATE MASSBIO CEO COMPENSATION AND TO RECOMMEND CHANGES BASED ON THEIR WORK. THAT STUDY RECOMMENDED CERTAIN CHANGES TO CEO COMPENSATION BASED ON COMPARABLE ORGANIZATIONS' COMPENSATION PRACTICES. MASSBIO ADOPTED THE RECOMMENDED CHANGES FOR 2019 AND 2020. X LAB SUPPLIES 0 35000 X CHAIRS AND TABLES 52 28713 X COMPUTERS 20 14600 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B MASSBIO'S BOARD TREASURER REVIEWS THE ORGANIZATION'S 990 AND PROVIDED HIS/HER RECOMMENDATION TO MASSBIO'S EXECUTIVE COMMITTEE FOR APPROVAL. COPIES TO THE 990 ARE AVAILABLE TO THE EXEC. COMMITTEE UPON REQUEST. 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 C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 205,981. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,981. FORM 990, PART XII, LINE 2C: MASSBIO'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE 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 0 1 0 0 0 0