2018-11-02T10:03:27-05:00 2017-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2017-01-01 222693047 MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC MASS 6176745100 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 ROBERT COUGHLIN PRESIDENT 6176745100 2018-11-01 1 YEVGENIYA GORLOVSKY-SCHEPP CPA P01485484 5083669100 2018-11-01 64.238.141.162 2018-11-01 11:47:27 ED P F4247996A0DFD92197EA51AEF4558D040C319DAA CB2B07AFD6767982BCB28B09646F6ACBACA35001 2017 2018-06-14 16:35:46Z ROBERT COUGHLIN 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 8298114 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. 41 40 41 241 0 0 3636822 4022914 3782236 4244079 19503 31121 0 0 7438561 8298114 130000 830000 0 0 3324467 3656653 0 0 0 2801457 3472812 6255924 7959465 1182637 338649 10240196 10972816 1544673 1938644 8695523 9034172 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 6941466 830000 4244079 MASSACHUSETTS BIOTECHNOLOGY COUNCIL - COSTS INCURRED TO SUPPORT AND PROVIDE A POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION. 6941466 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 19 0 1 41 1 0 0 0 0 1 1 0 X 41 40 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JOSEPH FAZIO VP FINANCE 6176745100 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 ROBERT COUGHLIN PRESIDENT/CEO 40.00 X X 678736 0 95378 MARK LEUCHTENBERGER DIRECTOR 0.25 X 0 0 0 MICHAEL O'HARA TREASURER 0.50 X X 0 0 0 GLENN BATCHELDER IMMEDIATE PAST CHAIR 0.50 X 0 0 0 GEOFFREY F COX DIRECTOR 0.25 X 0 0 0 MARK BAMFORTH DIRECTOR 0.25 X 0 0 0 JEFFREY J ELTON PHD DIRECTOR 0.25 X 0 0 0 SCOTT GILLIS DIRECTOR 0.25 X 0 0 0 LAURIE BARTLETT KEATING DIRECTOR 0.25 X 0 0 0 STEVEN RICHTER DIRECTOR 0.25 X 0 0 0 LAWRENCE S WITTENBERG DIRECTOR 0.50 X 0 0 0 AMIT SACHDEV DIRECTOR 0.25 X 0 0 0 GEOFF MACKAY DIRECTOR 0.25 X 0 0 0 ABBIE CELNIKER CHAIR 0.50 X X 0 0 0 JC GUTIERREZ-RAMOS DIRECTOR 0.25 X 0 0 0 JAMES HOYES DIRECTOR 0.25 X 0 0 0 DAVID LUCCHINO VICE CHAIR 0.50 X X 0 0 0 RENEE CONNOLLY DIRECTOR 0.25 X 0 0 0 LISA OLSON DIRECTOR 0.25 X 0 0 0 ALICE POMPONIO DIRECTOR 0.25 X 0 0 0 LIZ LEWIS DIRECTOR 0.25 X 0 0 0 ADELENE PERKINS DIRECTOR 0.25 X 0 0 0 RICK RUSSELL 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 CHRIS GARABEDIAN DIRECTOR 0.25 X 0 0 0 ANTONY LOEBEL DIRECTOR 0.25 X 0 0 0 CHRISTOPHER DE SOUZA DIRECTOR 0.25 X 0 0 0 MICHAEL PELLINI DIRECTOR 0.25 X 0 0 0 MICHAEL RUGGIERO DIRECTOR 0.25 X 0 0 0 KUMAR SRINIVASAN DIRECTOR 0.25 X 0 0 0 CHARLES WILSON CLERK 0.50 X X 0 0 0 LISA ADLER DIRECTOR 0.25 X 0 0 0 JASON COLE DIRECTOR 0.25 X 0 0 0 JOHN DUNLOP DIRECTOR 0.25 X 0 0 0 EDWARD KAYE DIRECTOR 0.25 X 0 0 0 PAIGE MAHANEY DIRECTOR 0.25 X 0 0 0 PAUL MCKENZIE DIRECTOR 0.25 X 0 0 0 CHANDRA RAMANATHAN DIRECTOR 0.25 X 0 0 0 PAM RANDHAWA DIRECTOR 0.25 X 0 0 0 BILL SIBOLD DIRECTOR 0.25 X 0 0 0 STEVEN GILMAN DIRECTOR (LEFT ON 2017) 0.25 X 0 0 0 KATHLEEN TREGONING DIRECTOR (LEFT ON 2017) 0.25 X 0 0 0 JOSEPH FAZIO VP FINANCE 40.00 X 185596 0 31041 JOHN HALLINAN CHIEF BUSINESS OFFICER 40.00 X 295819 0 27836 KENDALLE O'CONNELL VP MEMBER SERVICES 40.00 X 202896 0 14772 ZACHARY STANLEY VP, PUBLIC AFFAIRS 40.00 X 138003 0 7991 ELIZABETH STEELE VP, PROGRAMS AND GLOBAL AFFAIRS 40.00 X 133392 0 23984 1634442 0 201002 6 0 1 0 PARK STREET STRATEGIES 15 CLIFTON AVENUE MARBLEHEAD MA 01945 STATE AND FEDERAL LOBBYIST 150000 FREEMAN 275 BODWELL STREET BOSTON MA 02322 DESIGN, SUPPLY, BUILD PAVILION FOR BIO C 121694 MCDERMOTT QUILTY & MILLER LLP 21 CUSTOM HOUSE STREET BOSTON MA 02110 STATE LOBBYIST 120589 CAPITOL COUNSEL LLC 700 13TH STREET WASHINGTON DC 20005 FEDERAL LOBBYIST 120000 SMITH COSTELLO & CRAWFORD 50 CONGRESS STREET 300 BOSTON MA 02109 STATE LOBBYIST 120000 6 4022914 4022914 CONSORTIUM REBATES 900099 2677940 2677940 SPONSORSHIP FEES 900099 1280676 1280676 ATTENDANCE FEES 900099 203150 203150 OTHER PROGRAM REVENUE 900099 82313 82313 4244079 31121 31121 8298114 4244079 0 31121 830000 774114 2304546 78648 313213 186132 14074 23656 220786 278841 195743 288804 600171 220252 36346 120910 6066 EVENT COSTS 732241 CONSULTING 635927 DUES AND SUBSCRIPTIONS 98995 7959465 310527 432305 8585726 8680278 739723 1381829 191572 199937 851027 645977 248332 205050 164316 73417 10240196 10972816 298456 445591 1014930 1306851 231287 186202 1544673 1938644 X 8695523 9034172 8695523 9034172 10240196 10972816 338649 0 X X 0 1 X 1 0 0 0 0 4022914 1218166 1218166 1327562 -109396 53774 27109 26665 675753 507093 168660 121500 111775 9725 205050 DEFERRED RENT 186202 186202 X 8016510 0 8016510 281604 281604 8298114 7677861 -281604 -281604 7959465 0 7959465 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, 2017. MASSBIO'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DUES ALLOCATION TO MBEF PART XII, LINE 2D - OTHER ADJUSTMENTS: DUES ALLOCATION TO MBEF PART XI, LINE 4B & PART XII, LINE 2D RECONCILIATION OF REVENUES AND EXPENSES FROM FINANCIAL STATEMENTS TO TAX RETURN INCLUDES $281,604 NET DUES ALLOCATION TO MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION. 1 MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION 300 TECHNOLOGY SQUARE 8TH FLOOR CAMBRIDGE MA 02139 223799632 501(C)3 230000 TO FUND GENERAL OPERATIONS AND WORKFORCE DEVELOPMENT. LIFE SCIENCE CARES 800 BOYLSTON ST TOWER 1555 BOSTON MA 02199 812435939 501(C)3 500000 TO FUND GENERAL OPERATIONS. TURNPIKE PARTNERSHIP INC PENNSYLVANIA AVENUE NW 190-612 WASHINGTONS DC 20004 813882900 501(C)6 100000 TO FUND GENERAL OPERATIONS. 2 1 FORM 990 SCHEDULE I PART II FOR THE MBEF GRANTS - MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC. (MASSBIO) PRESIDENT AND ONE OTHER MASSBIO BOARD MEMBER SIT ON THE MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, INC. (MBEF) BOARD. ALL MBEF BOARD MEETINGS INCLUDE PRESENTATION OF FINANCIAL STATEMENTS AND DISCUSSION OF PROGRESS IN ACHIEVING MBEF GOALS. MASSBIO'S TOTAL STAKE IN MBEF IS EVALUATED BASED ON THIS BOARD-LEVEL INTERACTION, INCLUDING THE GRANT DOLLARS, THE PERCENTAGE OF DUES THAT IS TURNED OVER TO MBEF, AND THE AMOUNT OF SUPPORT MASSBIO WILL PROVIDE IN PUTTING ON THE GOLF FUND-RAISING EVENT. FOR THE OTHER TWO ONE-TIME GRANTS - MASSBIO ASKED EACH ORGANIZATION TO PROVIDE A COPY OF THEIR ANNUAL REPORT OUTLINING HOW THIS FUNDING WAS USED AND ANY MAJOR ACCOMPLISHMENTS OR CHALLENGES EXPERIENCED DURING THE GRANT YEAR. X 0 0 X X X 0 0 0 ROBERT COUGHLIN PRESIDENT/CEO 563772 0 114964 0 0 0 70800 0 24578 0 774114 0 0 0 JOSEPH FAZIO VP FINANCE 161159 0 24437 0 0 0 7222 0 23819 0 216637 0 0 0 JOHN HALLINAN CHIEF BUSINESS OFFICER 258319 0 37500 0 0 0 8233 0 19603 0 323655 0 0 0 KENDALLE O'CONNELL VP MEMBER SERVICES 176505 0 26391 0 0 0 8093 0 6679 0 217668 0 0 0 ELIZABETH STEELE VP, PROGRAMS AND GLOBAL AFFAIRS 120611 0 12781 0 0 0 5412 0 18572 0 157376 0 0 0 PART I, LINE 1A MASSBIO HAS A MEMBERSHIP TO THE UMASS CLUB IN THE NAME OF ROBERT COUGHLIN. THE UMASS CLUB OFFERS MEMBERS FREE SHORT-TERM ACCESS TO OFFICE SPACE, AND ACCESS TO FUNCTION FACILITIES. MASSBIO STAFF USES THE UMASS CLUB OFFICE SPACE TO CONDUCT MASSBIO BUSINESS WHEN SPENDING LARGE BLOCKS OF TIME IN THAT GEOGRAPHIC AREA, AND HAS USED THE FUNCTION SPACE TO HOLD A MASSBIOED EVENT. THE NATURE OF THE DUES IS FOR BUSINESS NEED RATHER THAN AS A BENEFIT TO ANY INDIVIDUAL, BUT ONLY AN INDIVIDUAL CAN BECOME A MEMBER. 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 FORM 990 IS PREPARED BY OUR AUDIT FIRM BASED ON INFORMATION PROVIDED BY MASSACHUSETTS BIOTECHNOLOGY COUNCIL'S MANAGEMENT. THE MASSBIO VP OF FINANCE REVIEWS THE COMPLETED FORM 990 FOR ACCURACY, AND ANY CORRECTIONS OR CHANGES ARE AGREED UPON AND MADE BY THE AUDIT FIRM. A FINAL REVIEW OF THE FORM 990 IS THEN DONE BY THE PRESIDENT AND THE EXECUTIVE COMMITTEE OF THE BOARD WITH THE VP OF FINANCE. 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 - EXECUTIVE COMMITTEE OF THE BOARD USES THE AVERAGE SALARY FOR BIOTECH PRESIDENT'S AS A GUIDE IN DETERMINING SALARY. BONUS COMPENSATION IS BASED ON ACHIEVING ORGANIZATIONAL GOALS. KEY EMPLOYEE COMPENSATION - CEO NEGOTIATES ON BEHALF OF MASSBIO, USING COMPARABLE POSITIONS WITHIN THE BIOTECH INDUSTRY AS A STARTING POINT. 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 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 2017. FORM 990, PART V, LINE 2A NINE MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, INC. EMPLOYEES ARE PAID THROUGH MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC.'S PAYROLL SERVICE AND THUS ARE INCLUDED IN FORM W-3 FILING. MASSACHUSETTS BIOTECHNOLOGY COUNCIL RECEIVES REIMBURSEMENT FROM MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, INC. FOR THESE EMPLOYEES. MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC 300 TECHNOLOGY SQUARE CAMBRIDGE MA 02139 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 511604 GRANTS TO MASSBIO ED MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC N 189290 REIMBURSE FOR SHARED FACILITIES MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC Q 690524 REIMBURSE FOR MA BIO ED PAYROLL MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC O 59153 REIMBURSE FOR SHARED EMPLOYEES