2023-12-13T15:26:07-06:00 2023-06-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2022-07-01 016006001 Bigelow Laboratory for Ocean Sciences BIGE 2073152567 60 Bigelow Drive PO Box 380 East Boothbay ME 04544 Deborah Bronk President and CEO 2073152567 2023-12-13 Deborah Bronk 016006001 0 David J Shorette CPA P00086553 2077753496 2023-12-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Deborah Bronk 60 Bigelow Drive PO Box 380 East Boothbay ME 04544 44353966 0 X www.bigelow.com X 1974 ME To understand key processes driving the world's ocean ecosystems, their evolution and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs. 19 19 119 75 0 0 17356323 38018643 2400414 2483425 523830 813795 106628 172730 20387195 41488593 0 0 0 0 8657877 10303347 0 0 1587319 8270262 8285910 16928139 18589257 3459056 22899336 62794897 87500256 19061853 19116506 43733044 68383750 To understand key processes driving the world's ocean ecosystems, their evolution, and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs. 0 0 16835964 2653103 Providing scientific and educational research for governmental, commercial, and educational entities. 16835964 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 115 0 1 119 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X Deborah Bronk 2073152567 60 Bigelow Drive PO Box 380 East Boothbay ME 04544 Mark Abbott Trustee 2.00 X 0 0 0 Tom Allen Trustee 2.00 X 0 0 0 Wesley Benbow MBA Trustee 2.00 X 0 0 0 Stewart Bither Trustee 2.00 X 0 0 0 Priscilla Brooks PhD Trustee 2.00 X 0 0 0 Barbara Burgess Trustee 2.00 X 0 0 0 Bill Burgess Chair 4.00 X X 0 0 0 Michael Conathan Trustee 2.00 X 0 0 0 Marion Flores Trustee 2.00 X 0 0 0 Robert Gagosian PhD Vice Chair 4.00 X X 0 0 0 Kimberly Hamilton PhD Trustee 2.00 X 0 0 0 Peter Handy Trustee 2.00 X 0 0 0 John L Heyl Trustee 2.00 X 0 0 0 Marion Howard Trustee 2.00 X 0 0 0 Randall Jeffrey Trustee 2.00 X 0 0 0 Judith Kildow PhD Trustee 2.00 X 0 0 0 Arthur Martinez Trustee 2.00 X 0 0 0 Dimitri Michaud Trustee 2.00 X 0 0 0 Wendy Wolf MD MPH Trustee 2.00 X 0 0 0 Deborah Bronk President & CEO 37.50 X 329197 0 27143 Jennifer Cutshall VP Strategic Alliances and Advancement 37.50 X 220842 0 26229 William M Balch Senior Research Scientist 37.50 X 179635 0 25075 Ramunas Stepanauskas Senior Research Scientist 37.50 X 172211 0 40119 Benjamin Twining VP Education & Research 37.50 X 174018 0 33429 David Whitt CFO/VP for Administration 37.50 X 160372 0 20460 David Emerson Senior Research Scientist 37.50 X 159704 0 18075 David Fields Senior Research Scientist 37.50 X 139365 0 41887 Michael Lomas Senior Research Scientist 37.50 X 148647 0 26564 Steve Archer Senior Research Scientist 37.50 X 142916 0 26068 Beth Orcutt VP for Research/Senior Research Scientist 37.50 X 138146 0 32317 Rachel Sipler Senior Research Scientist 37.50 X 137499 0 9201 2102552 0 326567 26 0 1 0 0 9686932 28331711 11156960 38018643 Patent and License Fees 541700 790850 790850 Course Fees 541700 597324 597324 SCG Fees 541700 294520 294520 NCMA Culture Fees 541700 292495 292495 BAS Fees 541700 178904 178904 329332 329332 2483425 717322 717322 2959883 2860358 3052 99525 -3052 96473 -3052 99525 3394 1963 1431 1431 Miscellaneous Revenue 541700 171299 171299 171299 41488593 2653103 0 816847 2102552 1281013 671317 150222 5094019 3103612 1626454 363953 445618 303684 106017 35917 2111394 1438894 502324 170176 549764 374659 130795 44310 539053 268212 269841 1000 14696 447 9296 4953 300335 10870 289465 312182 260179 29124 22879 465886 3600 462286 1968586 1242264 580240 146082 171419 19842 151577 Subcontracts 1190682 1190682 Supplies & Leases 1055499 909409 138607 7483 Consulting & Contracted 905621 465866 408761 30994 Repairs & Maintenance 343099 45863 297236 1018852 5916868 -5507366 609350 18589257 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Exchange Traded Funds 10343434 F Fixed income funds 14378562 F 38244558 X 43239963 1129177 622193 1751370 41488593 0 41488593 18589257 0 18589257 0 18589257 Part III, Line 1a: The Laboratory houses the Provasoli-Guillard National Center of Marine Algae and Microbiota. The Laboratory does not capitalize this collection of more than 2,700 strains of marine phytoplankton, bacteria, and viruses. The Laboratory holds the collection for educational and research purposes; the strains are available to the public. Proceeds from the sales of strain samples are used to maintain and preserve the collection. Part X, Line 2: The Laboratory qualifies as an organization exempt from federal income tax under Internal Revenue Code Section 501(c)(3) and files a Form 990 tax return. With few exceptions, the Laboratory is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2018 due to the statute of limitations. The Laboratory has adopted the provisions of FASB ASC, Income Taxes. Management of the Laboratory believes it has no material uncertain tax positions, and accordingly it will not recognize any liability for unrecognized tax benefits. Part XI, Line 2d - Other Adjustments: Gain on Interest Rate Swap 622,193. X X X 0 0 0 0 0 0 0 0 0 Deborah Bronk President & CEO 329197 0 0 0 0 0 20169 0 6974 0 356340 0 0 0 Jennifer Cutshall VP Strategic Alliances and Advanceme 220842 0 0 0 0 0 13551 0 12678 0 247071 0 0 0 Ramunas Stepanauskas Senior Research Scientist 172211 0 0 0 0 0 10994 0 29125 0 212330 0 0 0 Benjamin Twining VP Education & Research 174018 0 0 0 0 0 11102 0 22327 0 207447 0 0 0 William M Balch Senior Research Scientist 179635 0 0 0 0 0 11446 0 13629 0 204710 0 0 0 David Fields Senior Research Scientist 139365 0 0 0 0 0 9083 0 32804 0 181252 0 0 0 David Whitt CFO/VP for Administration 160372 0 0 0 0 0 10268 0 10192 0 180832 0 0 0 David Emerson Senior Research Scientist 159704 0 0 0 0 0 9804 0 8271 0 177779 0 0 0 Michael Lomas Senior Research Scientist 148647 0 0 0 0 0 9751 0 16813 0 175211 0 0 0 Beth Orcutt VP for Research/Senior Research Scie 138146 0 0 0 0 0 8715 0 23602 0 170463 0 0 0 Steve Archer Senior Research Scientist 142916 0 0 0 0 0 9212 0 16856 0 168984 0 0 0 A Finance Authority of Maine 010392006 NoneAvail 2019-04-01 12914000 To refinance debt held with First National Bank 0 0 0 A 107466 12780706 25828 0 0 1 1 A 0 0 0 0 0 1 First National Bank 20.500000000000 0 0 0 0 0 A 0 X 1 1400000 Fair Market Value X 10 9756960 Fair Market Value 0 0 1 Part I, Line 32b: Bigelow has agreed with Block Island Marine Funding, Inc., a non-profit corporation that promotes the education of children through programs in marine science and marine biology, to encourage boat owners wishing to donate a boat to Bigelow to instead donate the boat to Block Island, and Block Island would arrange for the charter or sale of the boat as soon after the donation as reasonably practicable in compliance with IRS rules and regulations and remit 75% of the proceeds, less reasonable expenses, to Bigelow. Form 990, Part VI, Section A, line 2 Barbara Burgess and Bill Burgess are married. Form 990, Part VI, Section B, line 11b A copy is provided to all members of the Board before filing. Form 990, Part VI, Section B, line 12c The conflict of interest policy is articulated to staff, updated annually, and reviewed by the Chief of Staff to monitor compliance. Form 990, Part VI, Section B, line 15a The compensation committee hired an independent consultant and used 3rd party salary data from AIRI, which contains job descriptions and salary information from like-organizations. This data set was reviewed by the 3rd party consultant and salary bands were updated based on the review and an internal analysis using the same data set. Results were then further reviewed and discussed internally in the compensation committee and salary adjustments were made in accordance with the study. Form 990, Part VI, Section C, line 19 Bigelow publishes governing documents and financial reports on its website. The conflict of interest policy is circulated regularly and hand-delivered to employees, volunteers, board members, and board committees. Form 990, Part XI, line 9: Gain on Interest Rate Swap 622,193. Form 990, Part XII, Line 2c: The Audit Committee assumes responsibility for oversight of the audit and selection of an independent accountant. Form 990, Part IV, Section C, Line 19: Available by request.