2021-03-02T11:48:19-06:00 2020-06-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2019-07-01 016006001 Bigelow Laboratory for Ocean Sciences BIGE 2073152567 60 Bigelow Drive PO Box 380 East Boothbay ME 04544 Deborah Bronk President and CEO 2073152567 2021-02-26 David J Shorette CPA P00086553 2077753496 2021-02-26 2019 2022-09-23 18:48:47Z Deborah Bronk 60 Bigelow Drive PO Box 380 East Boothbay ME 04544 13783271 0 X www.bigelow.org 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. 17 17 128 50 0 0 11273707 11869995 1385839 1737033 113009 122536 103068 53707 12875623 13783271 0 0 0 0 6726567 7470817 0 0 1090246 6113432 6385079 12839999 13855896 35624 -72625 51185244 53800318 16604274 21133652 34580970 32666666 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 11632018 1790740 Providing scientific and educational research for governmental, commercial, and educational entities. 11632018 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 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 0 0 0 0 0 0 0 0 0 1 58 0 1 128 1 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 1 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 Brigitta Tadmor Vice Chair 4.00 X X 0 0 0 Bill Burgess Chair 4.00 X X 0 0 0 Linda Abriola Trustee 2.00 X 0 0 0 Stewart Bither Trustee 2.00 X 0 0 0 Barbara Burgess Trustee 2.00 X 0 0 0 Robert Gagosian Trustee 2.00 X 0 0 0 John Heyl Trustee 2.00 X 0 0 0 Marion Flores Treasurer 4.00 X X 0 0 0 Judith Kildow Trustee 2.00 X 0 0 0 Arthur Martinez Trustee 2.00 X 0 0 0 Ronald Newbower Trustee 2.00 X 0 0 0 Anna Marie Thron Trustee 2.00 X 0 0 0 Wendy Wolf Trustee 2.00 X 0 0 0 Tom Allen Trustee 2.00 X 0 0 0 Wesley Benbow Trustee 2.00 X 5175 0 0 Priscilla Brooks Trustee 2.00 X 0 0 0 Marion Howard Trustee 2.00 X 0 0 0 Deborah Bronk President and CEO 37.50 X 279823 0 22762 William M Balch Senior Research Scientist 37.50 X 172103 0 23561 Jennifer Cutshall Director of Advancement 37.50 X 185417 0 21419 Patricia Matrai Senior Research Scientist 37.50 X 156191 0 9315 Ramunas Stepanauskas Senior Research Scientist 37.50 X 141339 0 26008 Michael Lomas Senior Research Scientist 37.50 X 123792 0 25338 Benjamin Twining VP Education and Research 37.50 X 133034 0 25803 James McManus VP Research & Administration 37.50 X 149733 0 26358 1346607 0 180564 12 0 1 0 0 8434288 3435707 11869995 Patent and License Fees 541700 573500 573500 Course Fees 541700 474037 474037 NCMA Culture Fees 541700 241140 241140 ORCA Fees 541700 177000 177000 SCG Fees 541700 173090 173090 98266 98266 1737033 122536 122536 1987 0 1987 1987 Miscellaneous 541700 51720 51720 51720 13783271 1790740 0 122536 561389 328708 191160 41521 4521598 2647516 1539663 334419 420481 249584 136695 34202 1562539 927475 507968 127096 404810 240283 131600 32927 114259 43565 69089 1605 873035 783309 84955 4771 13421 5376 8045 323021 18104 304917 190718 131477 35307 23934 535085 3025 532060 2142604 1260059 719024 163521 121568 552 121016 Subcontracts 666748 666748 Consulting and Contract 513197 157192 352371 3634 Participant Support 271936 255807 15277 852 Shipping and Postage 146218 129777 9759 6682 473269 3783461 -3625274 315082 13855896 11632018 1133632 1090246 2303692 7288028 2289328 1309769 206908 249155 76169 46177 58109926 22348222 36891086 35761704 9418061 9145485 51185244 53800318 846084 871348 1722378 3101239 13051134 12896192 984678 4264873 16604274 21133652 X 12762596 12855587 21818374 19811079 34580970 32666666 51185244 53800318 X -72625 98616 -1940295 X X 0 1 X 1 1 1 X 15573997 12459599 9881890 11273707 11869995 61059188 15573997 12459599 9881890 11273707 11869995 61059188 61059188 35875 179107 119793 113009 122536 570320 31812 3047123 44138 100279 51720 3275072 64904580 0.94080 0.94090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3152884 1066340 110658 4329882 2474571 561395 116918 3152884 1972673 423528 79370 2475571 383588 1550687 38398 1972673 325138 25000 6450 356588 0.89340 0.10660 0 0 2800537 2800537 40465534 9463015 31002519 14843855 12885207 1958648 35761704 Money Market Funds 431754 F Equity Funds 2238337 F Exchange Traded Funds 6475394 F 9145485 Swap contract 2924973 Paycheck Protection Program Loan 1339900 4264873 X 13881887 98616 98616 13783271 0 13783271 15796191 1940295 1940295 13855896 0 13855896 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 2017 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 XII, Line 2d - Other Adjustments: Loss on interest rate swap X X X 0 0 0 0 0 0 0 0 0 Deborah Bronk President and CEO 279823 0 0 0 0 0 17137 0 5625 0 302585 0 0 0 William M Balch Senior Research Scientist 172103 0 0 0 0 0 10624 0 12937 0 195664 0 0 0 Jennifer Cutshall Director of Advancement 185417 0 0 0 0 0 11295 0 10124 0 206836 0 0 0 Patricia Matrai Senior Research Scientist 156191 0 0 0 0 0 9315 0 0 0 165506 0 0 0 Ramunas Stepanauskas Senior Research Scientist 141339 0 0 0 0 0 9134 0 16874 0 167347 0 0 0 Benjamin Twining VP Education and Research 133034 0 0 0 0 0 8929 0 16874 0 158837 0 0 0 James McManus VP Research & Administration 149733 0 0 0 0 0 9484 0 16874 0 176091 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 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 A, line 4 The Organization updated its bylaws in October 2019 including the following significant changes: Article III - the maximum Board size is proposed to be capped at 25 members; Article III Section 3.3 - describes the process of soliciting/selecting Board officers; Article IV - the bylaws now have a new section describing the Advisory Board that includes the introduction of AB member term limits; Article V Section 5.2 - More permissive language noting that the requirement that committees be comprised of a majority of Trustees is "in general" the practice (but not a requirement); Article V Section 5.3 - Hiring and firing of CEO is a Board function, not an Executive Committee function; Article VII Section 7.2 - Strenghtens the conflict of interest disclosure process; Article X Section 1 - Makes the amendment process more explicit; 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 Audit Committee reviews annually. Form 990, Part VI, Section B, line 15a The Board reviews and approved the CEO and Director of Advancement's compensation. The Board Compensation Committee considers AIRI compensation data, salary.com, and glassdoor.com information. Salaries were bracketed by empirical data and validated by an independent committee of senior personnel in the lab. 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: Loss on interest rate swap -1,940,295. 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.