2025-11-13T08:06:27-06:00 2024-12-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2024-01-01 010202467 Mount Desert Island Biological Laboratory MOUN 2072883605 PO Box 35 Salisbury Cove ME 046720035 Dr Thomas A Boyd Treasurer 2072883605 2025-11-10 1 0 Connor Smart P02285543 2078792100 2025-11-10 2024 2025-03-06 01:10:19Z Hermann Haller PO Box 35 Salisbury Cove ME 046720035 21766387 0 X https://mdibl.org/ X 1898 ME We improve human and environmental health by discovering basic mechanisms of regeneration and aging, translating our discoveries for the benefit of society, and developing the next generation of scientific leaders. 20 18 118 37 0 0 13120349 18742194 971788 1092425 -30366 635135 0 0 14061771 20469754 3141528 3899509 0 0 7846148 8651792 0 40792 1116441 5858396 5704981 16846072 18297074 -2784301 2172680 28821400 30739826 5632000 5152465 23189400 25587361 X To improve human health by discovering fundamental mechanisms of tissue repair, aging and regeneration, translating our discoveries for the benefit of medicine and society, and developing the next generation of scientific leaders. 0 0 10606970 1700883 87624 Research: Our scientists study a broad array of research models to identify the cellular basis for regeneration and aging in humans and how environmental toxins such as arsenic and PFAS impact our susceptibility to disease. Our goal is to develop new therapeutic approaches to enhance our ability to repair cellular damage and resist the degenerative changes that occur with age.In 2024, we welcomed a new faculty member Dr. Emily Spaulding, whose outstanding research on the cellular mechanisms of neurodegenerative disease has been recognized by the National Institutes of Health. We were awarded a total of $30,821,832 in multi-year federal grant funding in 2024, including renewal of the largest state-wide research and training network connecting 17 academic and research institutions in Maine. Our scientists collaborated with 20 visiting scientists and continued to expand our early-stage drug discovery and translational research activities through MDI Biosciences. 2810862 2198625 1004801 Education:The MDI Biological Laboratory provides hands-on biomedical training to hundreds of students and professional from all around the world each year. 2024 was a milestone year for MDI Biological Laboratory as we celebrated the renewal of our Maine INBRE grant, a collaborative effort of 17 education and research institutions working to boost the State's research capacity and create a bioscience workforce in Maine.In 2024, we welcomed a new innovative course to campus, ReBilD: Emerging Leaders in Regenerative Biology and Development which explored multiple models for both developmental and regenerative biology through comparative biology experiments. This course was one of 21 courses and conferences hosted by MDI Bio Lab over the course of the year. We welcomed 27 master's and Ph.D. students from 14 countries, in addition to 22 undergraduate summer fellowship students. Our citizen science program facilitated 328 projects through Anecdata.org, identifying harmful algal cells in Frenchman Bay, testing well water and soil samples for the presence of arsenic, and other toxins. 13417832 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 150 0 1 118 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 18 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Claudine Lurvey 2072883605 159 Old Bar Harbor Road Salisbury Cove ME 04672 Bruce A Stanton PhD Trustee 1.00 X 13380 0 0 Hermann Haller MD President 40.00 X X 355885 0 50661 Phoebe C Boyer Trustee 1.00 X 0 0 0 Terence Boylan Trustee 1.00 X 0 0 0 Ruth Cserr Trustee 1.00 X 0 0 0 Sigmar H Gabriel Trustee (end July 2024) 1.00 X 0 0 0 John A Hays Trustee 1.00 X 0 0 0 Benjamin Humphreys MDPhD Trustee (start July 2024) 1.00 X 0 0 0 Anne H Lehmann Trustee (end May 2024) 1.00 X 0 0 0 Anna Maynard Trustee 1.00 X 0 0 0 Alan B Miller Esq Trustee 1.00 X 0 0 0 I Wistar Morris III Trustee 1.00 X 0 0 0 Elizabeth R Myers PhD Trustee 1.00 X 0 0 0 Margaret A Myers MD Trustee 1.00 X 0 0 0 Dennis L Shubert MD PhD Trustee 1.00 X 0 0 0 Christopher P Sighinolfi Trustee 1.00 X 0 0 0 Daphne Trotter Esq Trustee 1.00 X 0 0 0 Robert T Whitman Trustee 1.00 X 0 0 0 Alan W Kornberg Esq Chair 2.00 X X 0 0 0 Edward J Benz Jr MD Vice Chair 2.00 X X 0 0 0 Thomas A Boyd PhD Treasurer 2.00 X X 0 0 0 Janis L Coates PhD Secretary 2.00 X X 0 0 0 Claudine Lurvey VP of Finances 40.00 X 150228 0 37764 Jerilyn M Bowers VP External Affairs/Chief 40.00 X 153544 0 19214 Iain A Drummond PhD VP of Research 40.00 X 193319 0 33965 Joel H Graber PhD Director of Computational 40.00 X 156611 0 21351 Dustin Updike PhD Associate Professor 40.00 X 125127 0 36564 Jane E Disney Associate Professor 40.00 X 123457 0 17416 Prayag C Murawala PhD Assistant Professor 40.00 X 117007 0 35955 James A Coffman PhD Associate Professor 40.00 X 128842 0 22480 1517400 0 275370 16 0 1 0 Harold MacQuinn Inc 127 MacQuinn Road Hancock ME 04640 Groundwork and contracting 141795 1 845 8414562 10326787 2455681 18742194 Conference and Course Fees 541700 721846 721846 Housing Fees 721310 218497 218497 Research Fees 541700 87624 87624 Dining Hall Fees 722514 47269 47269 Laboratory Fees 541700 14763 14763 2426 2426 1092425 335992 335992 1592946 2830 1289504 7129 303442 -4299 299143 299143 20469754 1092425 0 635135 1700883 1700883 2132886 2132886 65740 65740 1007960 639155 268506 100299 6057555 3827376 1643630 586549 343194 218990 89454 34750 731905 472374 169297 90234 511178 328274 133823 49081 80414 80414 62583 62583 4618 314 4304 40792 40792 24408 24408 772307 446343 239419 86545 31704 216 31483 5 128482 26694 82222 19566 338308 152235 185954 119 627961 568787 44000 15174 261243 155109 79515 26619 117571 80458 29750 7363 183897 183897 1430774 1373473 45644 11657 215622 4819 210480 323 Research/other supplies 1269800 1209875 38180 21745 Research and education 144177 2719 115838 25620 Payments in lieu of tax 11112 11112 18297074 13417832 3762801 1116441 20482 24649 5665582 5473110 1321596 2955224 79042 82007 22078 72173 134526 33891294 21931000 12922734 11960294 8717713 10110016 28821400 30739826 1719697 1402115 720784 571507 3191519 3017940 0 160903 5632000 5152465 X 15574115 13626196 7615285 11961165 23189400 25587361 28821400 30739826 X 2172680 386184 -160903 X X 0 1 X 1 1 1 X 10407860 16516354 11650671 13120349 18742194 70437428 10407860 16516354 11650671 13120349 18742194 70437428 10257875 60179553 198804 408228 219315 248060 335992 1410399 71847827 4832830 0.83760 0.89320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 1 4618 1 1005 0 0 5623 0 Part II-B, Line 1: The Organization and/or its employees participate in various professional, scientific, and research associations and membership groups, including the Citizen Science Association, Society for Human Resources, the Society for Developmental Biology, and the Bioscience Association of Maine, among others. MDI Biological Laboratory's memberships with these organizations allows it to gain access to valuable benefits and resources that advance its charitable mission. However, a portion of the dues paid to these associations was available for lobbying activity by the associations on behalf of their members to advance scientific goals. The Organization estimates that during this tax year, of all dues and fees paid across all memberships, approximately $2,118 was available for lobbying purposes. The Organization also paid $2,500 to the Invest in Maine's Future campaign to advance a state bond which was related to the Organization's charitable mission. This amount is included within the $4,618 total reported on this Schedule C, Part II-B, Line 1f. Additionally, a nominal amount of employee staff time was devoted to meeting with members of the Maine Legislature for the purpose of discussing matters of scientific importance that directly relate to or impact the Organization's charitable mission. The Organization estimates that approximately $1,005 of employee expenses were paid during this tax year so that employees of the Organization could meet with and discuss such issues with political representatives in Augusta, Maine. 12470226 6572746 997618 30302 4072361 16741 15921186 13991979 2464785 1118918 43488 5046932 15036 12470226 18448865 685587 -1795407 99396 3220855 26815 13991979 14250678 4851490 1145522 36373 1741342 21110 18448865 12359883 1262118 980414 20174 277492 54071 14250678 0.24900 0.41300 0.33800 0 0 116870 116870 21576646 11825564 9751082 10895831 9351430 1544401 1301947 754006 547941 11960294 Interest rate swap liability 160903 160903 X 20846240 386184 14710 400894 20445346 24408 24408 20469754 18287376 14710 14710 18272666 24408 24408 18297074 Part V, Line 4: Endowment Funds include both board designated quasi-endowments, permanent endowment, and temporarily restricted endowment funds. Board designated endowments are composed of funds voted to be set aside by the Board of Trustees for the purpose of generating a stream of income in support of the Organization's programs and operations. Permanent and temporarily restricted endowments are composed of funds with donor-imposed restrictions limiting the use of such funds for purposes such as research, education, and facilities. Such funds are set aside to generate a stream of income in furtherance of these purposes and, upon completion of time or use restraints, are released for expenditure. Part X, Line 2: The Organization is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items, including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board (FASB), assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. Management has evaluated MDIBL's tax positions taken on its filed tax returns and concluded that MDIBL has maintained its tax-exempt status, does not have any significant unrelated business income and has taken no uncertain tax positions that require adjustment to the financial statements. 1 Europe (Including Iceland & Greenland) 0 0 Graduate Student Assistantships See Schedule F, Part V 65740 0 0 0 0 0 0 65740 0 65740 Graduate Student Assistantships Europe (Including Iceland & Greenland) 6 65740 Wire Transfers 0 N/A Cash Value 0 0 0 0 0 0 Part III, Col (c): See Schedule F, Part V Form 990, Schedule F, Foreign Operations: The Mount Desert Island Biological Labs provides grants, awards, and scholarships to multiple organizations and individuals annually. Such awards are intrinsic to our exempt mission to advance scientific research and train the next generation of scientists, physicians and entrepreneurs. During the tax year covered by this Form 990, the Organization paid $65,740 in Graduate Student Assistantships to six graduate students who were studying at the Hannover Medical School in Germany. These grants directly furthered the Organization's charitable mission to promote and advance scientific research and education. The Organization does not otherwise maintain property, investments, employees, or engage in other activities outside of the United States. The Organization adopts and maintains strict and thorough recordkeeping practices for all grants and awards, so that all expended funds are used as intended and in alignment with the mission of the Organization. Grants and awards are also subject to the review and oversight of top management and finance personnel. Lastly, as certain grants paid by the Organization are funded through Federal Grant Subaward Agreements, the Organization also routinely and fully complies with Federal Award Audit requirements, to ensure that all records accounting for such subawards are timely, accurate, and complete. No federal funds were used to support these students. X X X X X 1 Bentz Whaley Flessner & Associates Inc 7900 Xerxes Avenue South 980 Minneapolis MN 55431 Fundraising consultant 0 0 40792 0 40792 ME Form 990, Schedule G, Part I, Professional Fundraisers: During the period covered by this Form 990, the Organization engaged Bentz, Whaley, Flessner and Associates, Inc (BWF) to provide fundraising consulting services. BWF did not solicit contributions on behalf of the Organization, maintain or oversee any fundraising events, or engage or participate in any of the Organization's program services. Rather, the Organization independently utilized the data and insight provided by BWF to improve the Organization's own fundraising capabilities and expertise. The services provided by BWF were valuable and improved the Organization's ability to fundraise on its own, but no gross receipts or donations received by the Organization can be connected to the services provided by BWF, nor did BWF solicit any funds on the Organization's behalf. Accordingly, $0 is reported on this Form 990, Schedule G, Part I, Column iv. Additionally, while all boxes checked on this Schedule G, Part I, Line 1 indicate fundraising activities engaged in by the Laboratory, BWF did not contribute directly to any of those efforts. 1 Bowdoin College 5400 College Station Brunswick ME 04011 010215213 501(c)(3) 119377 0 Research and training subawards College of the Atlantic 105 Eden Street Bar Harbor ME 04609 237032625 501(c)(3) 82105 0 Research and training subawards President and Trustees of Bates College 2 Andrews Road Lewiston ME 04240 010211781 501(c)(3) 184454 0 Research and training subawards President and Trustees of Colby College 4120 Mayflower Hill Waterville ME 04901 010211497 501(c)(3) 119122 0 Research and training subawards Southern Maine Community College 2 Fort Road South Portland ME 04106 GOV 125186 0 Research and training subawards The Rogosin Institute Inc 504-506 East 74th Street New York NY 10021 133184198 501(c)(3) 170003 0 Research subaward Trustees of Dartmouth College 11 Rope Ferry Road Hanover NH 03755 020222111 501(c)(3) 24380 0 Research and training subawards University of Maine 5717 Corbett Hall Orono ME 04469 GOV 223197 0 Research and training subawards; Graduate progran travel awards University of Maine Augusta 46 University Drive Augusta ME 04330 GOV 20971 0 Research and training subawards University of Maine Farmington 224 Main Street Farmington ME 04938 GOV 63476 0 Research and training subawards University of Maine Fort Kent 23 University Drive Fort Kent ME 04743 GOV 28294 0 Research and training subawards University of Maine Machias 116 OBrien Avenue Machias ME 04654 GOV 136115 0 Research and training subawards University of Maine Presque Isle 181 Main Street Presque Isle ME 04769 GOV 21602 0 Research and training subawards University of New England 11 Hills Beach Road Biddeford ME 04005 010211810 501(c)(3) 37607 0 Research and training subawards University of Southern Maine 88 Bedford Street Portland ME 04101 GOV 12338 0 Research and training subawards UT Southwestern Medical Center PO Box 841765 Dallas TX 75284 GOV 328027 0 Research subaward 16 0 Graduate Student Assistantships 26 679873 11584 Amount per Book Housing and on-campus accommodations; room and board fees. Campus Research and Supply Awards 14 66378 Amount per Book Housing and on-campus accommodations; room and board fees. Student Fellowships 15 94665 76800 Amount per Book Housing and on-campus accommodations; room and board fees. INBRE & COBRE Research Project Awards 5 14981 INBRE Sub-Awards Research Projects 14 1177745 Course Scholarships 8 10860 Amount per Book Housing and on-campus accommodations; room and board fees. Part I, Line 2: The Mount Desert Island Biological Labs provides grants, awards, and scholarships to multiple organizations and individuals annually. Such awards are intrinsic to our exempt mission to advance scientific research and train the next generation of scientists, physicians and entrepreneurs. In part through our grants and awards programs, funded through federal grants and institutional endowment funds, The MDI Biological Laboratory provides biomedical training to more than 600 students each year. Our training programs emphasize hands-on experiences, problem solving, communication and partnership building. We offer opportunities to students and professionals at all levels, including middle and high school students, undergraduates, graduate students, and post-doctoral research fellows, as well as practicing physicians, veterinarians, scientists, teachers, and members of the public from all backgrounds. Additionally, we offer hands-on residential research fellowships to undergraduate, graduate and post-doctoral fellows. Participants join our active, global scientific community and have access to state-of-the-art research laboratories and core facilities, support staff and our inspirational coastal setting. Outside of supporting the education of future scientific leaders, we also provide subawards to other collaborating scientific and research institutions through several grants including the Maine IDeA Network of Biomedical Research Excellence (INBRE). As the founder and leader of the Maine INBRE program, a collaborative network of 17 Maine educational and research institutions sponsored by the National Institute of General Medical Sciences (NIGMS) of the National Institutes of Health (NIH), the MDI Biological Laboratory issues subawards to collaborating partners. The Maine INBRE strengthens Maine's capacity to conduct competitive biomedical research by focusing on three key areas: 1. Creating a technically skilled workforce in Maine through biomedical research training for undergraduates. 2. Providing research support to young faculty to increase their competitiveness for federal (NIH) biomedical research grants. 3. Improving the research infrastructure available to INBRE institutions through a collaborative network of core facilities with state-of-the-art equipment. The program provides research support and core facilities to junior faculty and creates research and training opportunities for undergraduate and graduate students. It serves as a pipeline for students interested in biomedical research careers and builds the scientific and technical capacity of Maine's workforce. The Organization adopts and maintains strict and thorough recordkeeping practices for all grants and awards, so that all expended funds are used as intended and in alignment with the mission of the Organization. Grants and awards are also subject to the review and oversight of top management and finance personnel. Lastly, as certain grants paid by the Organization are funded through Federal Grant Subaward Agreements, the Organization also routinely and fully complies with Federal Award Audit requirements, to ensure that all records accounting for such subawards are timely, accurate, and complete. X X 1 1 X X 0 0 0 0 0 0 0 1 0 Hermann Haller MD President 305885 0 50000 0 0 0 22941 0 27720 0 406546 0 0 0 Iain A Drummond PhD VP of Research 193319 0 0 0 0 0 14784 0 19181 0 227284 0 0 0 Claudine Lurvey VP of Finances 150228 0 0 0 0 0 11649 0 26115 0 187992 0 0 0 Joel H Graber PhD Director of Computational 156611 0 0 0 0 0 11892 0 9459 0 177962 0 0 0 Jerilyn M Bowers VP External Affairs/Chief 153544 0 0 0 0 0 11592 0 7622 0 172758 0 0 0 Dustin Updike PhD Associate Professor 125127 0 0 0 0 0 9814 0 26750 0 161691 0 0 0 Prayag C Murawala PhD Assistant Professor 117007 0 0 0 0 0 9205 0 26750 0 152962 0 0 0 James A Coffman PhD Associate Professor 128842 0 0 0 0 0 9805 0 12675 0 151322 0 0 0 Part I, Line 1a The President lives in the President's Cottage located on the Mount Desert Island Biological Laboratory campus. The Organization estimates the annual value of this housing to be approximately $27,720. Due to the nature of the President's responsibilities, including the need for the President to be on campus and accessible at nearly all hours on a daily basis, this lodging has been deemed by the Organization to be furnished for the convenience of Mount Desert Island Biological Laboratory, and that such a living arrangement is required for the President's position. Accordingly, the value of the housing allowance has not been included in the President's taxable compensation, though it is included in the total amount of non-taxable benefits reported on this Schedule J, Part II, Column D. Additionally, Mount Desert Island Biological Laboratory maintains membership in a private club to foster business relationships and increase awareness of the mission of the institution. During this tax year the institution paid $2,305 in fees and dues to this club. Part I, Line 7 From time-to-time, subject to the Organization's compensation and benefit review and approval procedures and as budgets allow, the Organization may award bonuses, awards, incentive compensation, or other non-fixed payments to reward employees to accomplishing performance goals or for meeting terms of service milestones. Such payments are discretionary and based on pre-determined goals and evaluation metrics. A Finance Authority of Maine 010392006 2009-10-01 5000000 Refinance of Capital Project/Construction Bonds 0 0 0 A 1905000 5000000 182671 2008 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 1 Morgan Stanley Capital 29.300000000000 1 0 0 0 0 A 0 Date Rebate Computation Performed Issuer Name: Finance Authority of Maine Date the Rebate Computation was Performed: 01/31/2024 Form 990, Schedule K, Part IV, Line 7; and Part V: As of the time of filing this Form 990, Schedule K, Mount Desert Island Biological Laboratory ("MDIBL") has not yet adopted formal written policies as described on this Schedule K, Part IV, Line 7, or Part V. However, the Organization confers with legal counsel and key finance personnel to monitor the bonds, the usage of the bond proceeds, and the compliance and documentation thereof. Furthermore, MDIBL is in the process of developing appropriate written policies regarding these bonds, including working with counsel, and these policies will be implemented in fiscal year 2025. Revidia Therapeutics (fka Nova Biosciences Inc) Former President - 35% entity Legal Expenses X 120012 0 0 1 1 X 5 2455681 Gift Date Value 0 1 1 Part I, Line 32b: The Organization engages its third-party financial advisors to assist in managing and processing non-cash gifts of stock when received. Form 990, Part VI, Section A, line 2 Board members Elizabeth R. Myers, Ph.D. and Margaret A. Myers, M.D. share a family relationship. Form 990, Part VI, Section A, line 4 During the period covered by this Form 990, the Organization revised its mission statement to read as follows: "We improve human and environmental health by discovering basic mechanisms of regeneration and aging, translating our discoveries for the benefit of society, and developing the next generation of scientific leaders." Form 990, Part VI, Section A, line 6 The Organization shall have three classes of members: 1. Regular Members 2. Associate Members, and 3. Honorary Members Regular Members shall be scientists with advanced degrees who have worked at the Organization for at least one season or such other persons as the Trustees may elect. Associate Members are individuals who are interested in the aims and purposes of the Organization but are not Regular or Honorary Members. An Honorary Member is an individual who is either a distinguished scientist who has had some association with the Organization or is an individual who has contributed significantly to the welfare of the Organization and who is elected an Honorary Member by the Board of Trustees. Form 990, Part VI, Section A, line 7a Proposed nominations for election to the Board of Governing Trustees may be submitted to the Nominating Committee for research and consideration by any member of the Board of Governing Trustees and by any member of the Organization. Proposed nominations shall be submitted in writing with information required by the Nominating Committee. The Nominating Committee shall present its nominees for election as Governing Trustees in the notice of the annual meeting of Members. No other nominations shall be permitted. Election at the annual meeting shall be by majority vote of the Members of the Organization. Form 990, Part VI, Section B, line 11b The Form 990 is prepared with the assistance of an independent CPA firm. The CPA firm coordinates with key officers and finance personnel of the Organization to prepare and review a draft of the Form 990 prior to its filing with the IRS. This draft of the Form 990 is reviewed by senior management and the chair of the governance committee, and made available for full board review prior to filing. Form 990, Part VI, Section B, line 12c The board of trustees are asked to review the conflict of interest policy and disclose any potential conflicts annually, the organization monitors the conflict of interest issues for scientists at the time of hire as well as for scientists and other key people on NIH grants at key times during individual grant cycles. The chairman of the board has charged the Governance Committee with reviewing the written policy on an annual basis and ensuring that each member of the board reads and signs the policy annually. Should they arise, potential conflicts of interest are addressed by the board. Completion of conflict of interest forms and related matters are a formal agenda item for at least one board meeting annually. Form 990, Part VI, Section B, line 15 The President's conditions for term of service as well as salary and other compensation is determined by the Board of the Trustees. In this process, the Organization uses comparability data from other non-profits in its operating area and in same field of scientific research to determine reasonable and market rate compensation and benefits to be offered to the Organization's officers and key employees. Form 990, Part VI, Section C, line 19 The Organization provides copies of its Form 990 tax returns and audited financial statements on its website at the following address: https://mdibl.org/about/our-location-culture/ quick-facts-resources/ Other documents, such as various governance statements, bylaws, and the Organization's conflict of interest policy, are available upon request. Form 990, Part XI, line 9: Change in fair value of interest rate swap -160,903. Form 990, Part XII, Line 2c: The audit was subject to the review and oversight of the Organization's Executive Director, finance and audit committees, and key financial and business personnel within the Organization. Additionally, the Organization's audited financial statements and Form 990 are subject to review by the Organization's independent Board of Trustees prior to their issuance. The audit process has not changed from the prior year.