2022-11-03T10:03:56-05:00 2021-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-01-01 222693047 MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC MASS 6176745100 700 TECHNOLOGY SQUARE 5TH FLOOR CAMBRIDGE MA 02139 KENDALLE BURLIN O'CONNELL ESQ PRESIDENT AND COO 6176745100 2022-09-29 1 KENDALLE BURLIN OCONNELL ESQ XXX-XX-XXXX THOMAS F MULDOON CPA P01561688 5083669100 2022-09-29 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KENDALLE BURLIN O'CONNELL 700 TECHNOLOGY SQUARE 5TH FLOOR CAMBRIDGE MA 02139 14815378 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. 50 48 58 170 0 0 6305902 6208103 6127218 8578566 53070 28709 0 0 12486190 14815378 2500 0 0 0 4759246 4713101 0 0 0 5308547 6339266 10070293 11052367 2415897 3763011 15841955 19701937 3009529 3106500 12832426 16595437 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 8578566 MASSACHUSETTS BIOTECHNOLOGY COUNCIL - COSTS INCURRED TO SUPPORT AND PROVIDE A POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 25 0 1 58 1 0 0 0 0 1 1 0 0 0 0 0 X 50 48 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KEVIN KELLY VP FINANCE 6176745100 700 TECHNOLOGY SQUARE 5TH FLOOR CAMBRIDGE MA 02139 ROBERT COUGHLIN PRESIDENT/CEO (LEFT IN 2021) 40.00 1.00 X X 381109 0 20243 KENDALLE LEE BURLIN OCONNELL PRESIDENT & COO 40.00 X X 533907 0 20247 CHARLES WILSON CHAIR 0.50 X X 0 0 0 PAM RANDHAWA VICE CHAIR 0.50 X X 0 0 0 DAVID LUCCHINO PAST CHAIR 0.25 X X 0 0 0 MIKE O'HARA TREASURER 0.50 X X 0 0 0 CHRIS GARABEDIAN CLERK 0.50 X X 0 0 0 LAWRENCE WITTENBERG COUNSEL 0.25 X 0 0 0 LISA ADLER DIRECTOR 0.25 X 0 0 0 UDIT BATRA DIRECTOR 0.25 X 0 0 0 CHERYL BLANCHARD DIRECTOR 0.25 X 0 0 0 MELISSA BRADFORD-KLUG DIRECTOR 0.25 X 0 0 0 TIM CLACKSON DIRECTOR 0.25 X 0 0 0 CHIP CLARK DIRECTOR 0.25 X 0 0 0 SHARON CLOAD DIRECTOR 0.25 X 0 0 0 JASON COLE DIRECTOR 0.25 X 0 0 0 TROY COX DIRECTOR 0.25 X 0 0 0 JOHN DUNLOP DIRECTOR 0.25 X 0 0 0 JEFFREY ELTON DIRECTOR 0.25 X 0 0 0 BARBARA FOX DIRECTOR 0.25 X 0 0 0 GARY GILLHEENEY DIRECTOR 0.25 X 0 0 0 SCOTT H GILLIS DIRECTOR 0.25 X 0 0 0 LUBA GREENWOOD DIRECTOR 0.25 X 0 0 0 JC GUTIERREZ-RAMOS DIRECTOR 0.25 X 0 0 0 SUSAN HAGER DIRECTOR 0.25 X 0 0 0 MARTIN HEIDECKER DIRECTOR 0.25 X 0 0 0 EDWARD KAYE DIRECTOR 0.25 X 0 0 0 CHRIS LEIBMAN DIRECTOR 0.25 X 0 0 0 MARK LEUCHTENBERGER DIRECTOR 0.25 X 0 0 0 LIZABETH LEVEILLE DIRECTOR 0.25 X 0 0 0 LIZ LEWIS DIRECTOR 0.25 X 0 0 0 BILL MCDERMOTT DIRECTOR 0.25 X 0 0 0 DAVID MEEKER DIRECTOR 0.25 X 0 0 0 CHRISTOPHER MURPHY DIRECTOR 0.25 X 0 0 0 GILMORE O'NEILL DIRECTOR 0.25 X 0 0 0 CYNTHIA PERETTIE DIRECTOR 0.25 X 0 0 0 ADELENE PERKINS DIRECTOR 0.25 X 0 0 0 ALICE POMPONIO DIRECTOR 0.25 X 0 0 0 CHANDRA RAMANATHAN DIRECTOR 0.25 X 0 0 0 ERIC RASMUSSEN DIRECTOR 0.25 X 0 0 0 RICK RUSSELL DIRECTOR 0.25 X 0 0 0 AMIT SACHDEV DIRECTOR 0.25 X 0 0 0 BILL SIBOLD DIRECTOR 0.25 X 0 0 0 KUMAR SRINIVASAN DIRECTOR 0.25 X 0 0 0 TAMAR THOMPSON DIRECTOR 0.25 X 0 0 0 REHAN VERJEE DIRECTOR 0.25 X 0 0 0 KERRY WENTWORTH DIRECTOR 0.25 X 0 0 0 LAURIE KEATING DIRECTOR 0.25 X 0 0 0 ROBERT GOTTLIEB DIRECTOR 0.25 X 0 0 0 MICHAL PREMINGER DIRECTOR 0.25 X 0 0 0 JOSEPH BONCORE CEO (STARTED SEP. 2021) 40.00 X 118757 0 3031 JASON M CORDEIRO VP OF OPERATIONS 40.00 X 247117 0 24298 ZACHARY A STANLEY VP OF POLICY 40.00 X 250904 0 32234 BENJAMIN M BRADFORD VP OF MEMBERSHIP 40.00 X 218079 0 26557 KRISTINE KELLY VP OF FINANCE (LEFT IN 2021) 40.00 X 186520 0 32188 1936393 0 158798 14 1 1 0 JOHN HEFFERNAN 15 CLIFTON AVENUE MARBLEHEAD MA 01945 CONSULTING SERVICES 150000 FOLEY HOAG LLP 155 SEAPORT BLVD BOSTON MA 02210 CONSULTING LOBBYING SERVICES 132271 CAPITAL COUNSEL LLC 527 MADISON AVE 19TH FLOOR NEW YORK NY 10022 INVESTMENT MANAGEMENT 120000 SMITH COSTELLO & CRAWFORD ONE STATE STREET 15TH FLOOR BOSTON MA 02109 CONSULTING SERVICES 120000 WILLIAM P MCDERMOTT ESQ 30 ROWES WHARD SUITE 600 BOSTON MA 02110 CONSULTING LOBBYING SERVICES 120000 5 5788103 420000 6208103 CONSORTIUM REBATES 813910 6787483 6787483 SPONSORSHIP FEES 813910 1280799 1280799 ATTENDANCE FEES 813910 354289 354289 OTHER PROGRAM REVENUE 813910 155995 155995 8578566 28709 28709 14815378 8578566 0 28709 X 1077293 2904752 107244 320405 303407 35656 44550 1366162 181364 522742 552148 1904132 30436 279 833588 EVENT COSTS 423140 DUES AND SUBSCRIPTIONS 188927 MISCELLANEOUS 173221 MEALS AND ENTERTAINMENT 82921 11052367 446645 426288 8633832 12764284 1819607 2167977 117923 180576 5154726 1346884 4579103 3807842 244845 354970 15841955 19701937 507245 460387 1738909 1721284 763375 924829 3009529 3106500 X 12103485 15624496 728941 970941 12832426 16595437 15841955 19701937 3763011 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5788103 1570285 1570285 1798283 -227998 3395158 535689 2859469 1050067 558277 491790 709501 252918 456583 3807842 DEFERRED RENT 612182 REFUNDABLE ADVANCES 312647 924829 X 14476618 0 14476618 338760 338760 14815378 10713607 -338760 -338760 11052367 0 11052367 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, 2021. MASSBIO'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DUES ALLOCATION TO MBEF 338,760. PART XII, LINE 2D - OTHER ADJUSTMENTS: DUES ALLOCATION TO MBEF -338,760. PART XI, LINE 4B & PART XII, LINE 2D RECONCILIATION OF REVENUES AND EXPENSES FROM FINANCIAL STATEMENTS TO TAX RETURN INCLUDES $338,760 NET DUES ALLOCATION TO MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION. X X X 0 0 0 KENDALLE LEE BURLIN OCONNELL PRESIDENT & COO 533907 0 0 0 0 0 19500 0 747 0 554154 0 0 0 ROBERT COUGHLIN PRESIDENT/CEO (LEFT IN 2021) 381109 0 0 0 0 0 19088 0 1155 0 401352 0 0 0 ZACHARY A STANLEY VP OF POLICY 250904 0 0 0 0 0 19500 0 12734 0 283138 0 0 0 JASON M CORDEIRO VP OF OPERATIONS 247117 0 0 0 0 0 14320 0 9978 0 271415 0 0 0 BENJAMIN M BRADFORD VP OF MEMBERSHIP 218079 0 0 0 0 0 13689 0 12868 0 244636 0 0 0 KRISTINE KELLY VP OF FINANCE (LEFT IN 2021) 186520 0 0 0 0 0 26000 0 6188 0 218708 0 0 0 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 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 B, LINE 15 PRESIDENT COMPENSATION: THE EXECUTIVE COMMITTEE OF THE 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. 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 IX, LINE 11G OTHER PROFESSIONAL FEES 1,366,162. 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 2021. MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC 255 MAIN STREET 8TH FLOOR CAMBRIDGE MA 02142 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 0 0 1 1 0 1 0 0 MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC B 338760 GRANTS TO MASSBIO ED MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC N 76096 REIMBURSE FOR SHARED FACILITIES MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC Q 1218189 REIMBURSE FOR MA BIO ED PAYROLL MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC O 354970 REIMBURSE FOR SHARED EMPLOYEES