2016-11-15T07:31:18-06:00 2015-12-31 010219197 HORTON MCFARLAND & VEYSEY LLC PO BOX 543 ELLSWORTH ME 04605 990 2015-01-01 010202467 MOUNT DESERT ISLAND BIOLOGICAL LABORATORY MOUN 2072883605 PO BOX 35 SALISBURY COVE ME 046720035 MR SPENCER ERVIN CO-CHAIR, GOVERNANCE COMMITTEE 2072883605 2016-11-14 1 JAMES E MCFARLAND P00133990 2076675529 2016-11-14 2015 2017-02-10 21:41:12Z KEVIN STRANGE PHD PO BOX 35 SALISBURY COVE ME 046720035 12422958 0 X WWW.MDIBL.ORG X 1898 ME TO DEVELOP SOLUTIONS TO COMPLEX HUMAN & ENVIRONMENTAL HEALTH PROBLEMS THROUGH RESEARCH & EDUCATION. 23 23 86 97 0 0 10272455 10132125 1711837 1725888 982272 564945 1404 0 12967968 12422958 0 0 0 0 4155139 4408947 15000 0 391543 6661282 7454539 10831421 11863486 2136547 559472 29607771 29707576 5917674 5918131 23690097 23789445 X THE MDI BIOLOGICAL LABORATORY IS A RAPIDLY GROWING, INDEPENDENT NON-PROFIT BIOMEDICAL RESEARCH INSTITUTION. ITS MISSION IS TO IMPROVE HUMAN HEALTH AND WELL-BEING THROUGH RESEARCH, EDUCATION,AND DEVELOPMENT VENTURES THAT TRANSFORM DISCOVERIES INTO CURES. 0 0 9528268 1725888 THE MDI BIOLOGICAL LABORATORY IS A VIBRANT BIOMEDICAL RESEARCH INSTITUTION KNOWN FOR ITS UNCONVENTIONAL APPROACH AND RAPID RESULTS, AND FOR ITS FOCUS ON BRING NEW HEALTH-ENHANCING THERAPIES TO MARKET. FOCUSED ON REGENERATIVE AND AGING BIOLOGY AND MEDICINE, THE INSTITUTION HAS RECRUITED SIX FULL-TIME FACULTY TO THE KATHRYN W. DAVIS CENTER FOR REGENERATIVE BIOLOGY AND MEDICINE, AND RAISED MORE THAN $40 MILLION IN FUNDING FROM PRIVATE AND GOVERNMENTAL SOURCES TO SUPPORT THE INSTITUTION'S RESEARCH AND EDUCATIONAL PROGRAMS SINCE 2009. ADDITIONAL ACCOMPLISHMENTS INCLUDE:1) ESTABLISHED NOVO BIOSCIENCES INC., A FOR-PROFIT REGENERATIVE MEDICINE COMPANY THAT IS DEVELOPING REVOLUTIONARY TREATMENTS FOR HEART AND MUSCULOSKELETAL DISEASES 2) RENEWED AN $18 MILLION, STATE-WIDE RESEARCH TRAINING PARTNERSHIP TO ENHANCE MAINE'S BIOMEDICAL RESEARCH CAPACITY AND COMPETITIVENESS3) DESIGNATED AS A CENTER OF BIOMEDICAL RESEARCH EXCELLENCE BY THE NATIONAL INSTITUTES OF HEALTH NIH) 4) RAISED $42 MILLION IN FEDERAL, STATE AND PRIVATE FUNDING5) DEVELOPED A ROBUST AND HIGHLY REGARDED SERIES OF OUTREACH ACTIVITIES TO ENGAGE THE PUBLIC IN OUR RESEARCH AND EDUCATION PROGRAMS 6) LAUNCHED A SERIES OF SIGNATURE COURSES WITH GLOBAL REACH IN COMPARATIVE APPROACHES TO THE STUDY OF AGING AND REGENERATIVE BIOLOGY 7) LAUNCHED CONSTRUCTION OF A NEW 6,560-SQUARE-FOOT RESEARCH TRAINING LABORATORY AND CONFERENCE FACILITY8) BEEN NAMED A "CHAMPION OF INNOVATION" BY THE MAINE DEVELOPMENT FOUNDATION9) RECEIVED PATENT PROTECTION FOR MSI-1436, A SMALL MOLECULE WITH POTENTIAL TO REPAIR TISSUE DAMAGE CAUSED BY HEART ATTACK10) FILED A PROVISIONAL PATENT FOR TWO COMPOUNDS THOUGHT TO PLAY A ROLE IN PREVENTING SENSORY NEURON DEGENERATION AND POSSIBLY CHEMOTHERAPY INDUCED PERIPHERAL NEUROPATHY 9528268 1 1 0 1 0 0 0 0 0 1 1 0 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 1 1 1 0 0 0 0 0 0 0 0 0 1 146 0 1 86 1 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 ME X X X CLAUDINE D LURVEY 2072889880 OLD BAR HARBOR ROAD SALISBURY COVE ME 04672 X DR EDWARD J BENZ VICE CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 MRS JOANNE R FIRSTENBERG TRUSTEE 1.00 X 0 0 0 MR TERENCE BOYLAN TRUSTEE 1.00 X 0 0 0 DR JAMES B CLAIBORNE TRUSTEE 1.00 X 0 0 0 MR SPENCER ERVIN TRUSTEE 1.00 X 0 0 0 MR ALAN W KORNBERG TRUSTEE 1.00 X 0 0 0 DR BRUCE A STANTON TRUSTEE 1.00 X 0 0 0 DR MARGARET A MYERS TRUSTEE 1.00 X 0 0 0 DR PETER ALLEN CHAIRMAN OF BOARD 2.00 X X 0 0 0 MRSCLARE STONE TRUSTEE 1.00 X 0 0 0 MS PHOEBE C BOYER TRUSTEE 1.00 X 0 0 0 MR ALAN B MILLER SECRETARY 2.00 X X 0 0 0 MR FRANK L HOHMANN III TRUSTEE 1.00 X 0 0 0 MR MAXIMILIAAN J BRENNINKMEYER TRUSTEE 1.00 X 0 0 0 MR I WISTAR MORRIS III TRUSTEE 1.00 X 0 0 0 MR JOHN A HAYS TRUSTEE 1.00 X 0 0 0 MS RUTH CSERR TRUSTEE 1.00 X 0 0 0 DR THOMAS A BOYD TREASURER 2.00 X X 0 0 0 DR LEWIS B KINTER TRUSTEE 1.00 X 0 0 0 MRS ANNE H LEHMANN TRUSTEE 1.00 X 0 0 0 DRJOSEPHINE A SOLLANO TRUSTEE 1.00 X 0 0 0 DAPHNE TROTTER TRUSTEE 1.00 X 0 0 0 DR PATRICIA HAND VICE PRESIDENT FOR ADMINIS 40.00 X 169540 0 22261 DR KEVIN STRANGE PRESIDENT 40.00 X 239480 0 22184 CLAUDINE D LURVEY DIRECTOR OF FINANCE 40.00 X 104818 0 9838 CHARLES G FIDLER DIRECTOR OF EDUCATION 40.00 X 101991 0 19646 615829 0 73929 4 0 1 0 0 2065 7328964 2801096 7612 10132125 CONFER & COURSE FEES 611710 502436 502436 LABORATORY FEES 541700 368577 368577 HOUSING FEES 611710 343042 343042 DINING HALL FEES 611710 264321 264321 EQUIPMENT & OTHER FEES 611710 201312 201312 46200 46200 1725888 563845 563845 1100 0 1100 1100 1100 12422958 1725888 0 564945 452743 368064 79192 5487 3156506 2229948 791605 134953 160519 111309 41459 7751 361611 265875 88658 7078 277568 199129 66326 12113 31455 31455 23835 23835 3097 3097 1479 1479 137799 85843 43702 8254 18389 5120 13224 45 210679 13663 133312 63704 165163 79763 85038 362 409213 329853 79360 198310 183444 7340 7526 77857 49200 26620 2037 250671 188003 62668 1224949 979960 183742 61247 89495 1944 87698 -147 SUBAWARDS 2592547 2592547 SUPPLIES 831212 817460 7401 6351 EDUCATIONAL COURSES COS 489806 489806 RESEARCH AWARDS 84634 84634 613949 452703 86464 74782 11863486 9528268 1943675 391543 2540456 2591885 7005488 7050718 986621 1944094 161137 97288 5301 20950 25643770 12540782 14020382 13102988 4747115 4764803 141271 134850 29607771 29707576 557069 608210 835605 883923 4525000 4425998 5917674 5918131 X 11904841 11204172 7351259 8149926 4433997 4435347 23690097 23789445 29607771 29707576 559472 -460124 0 X X 0 1 X 1 1 1 X 11831125 9906204 7802139 10250855 10132125 49922448 11831125 9906204 7802139 10250855 10132125 49922448 1722301 48200147 170259 149674 784740 982272 563845 2650790 4914 -13612 -13250 1366 1100 -19482 52553756 7618847 0.91720 0.92180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 900 0 1 2197 3097 0 PART II-B, LINE 1: THE INSTITUTION IS A MEMBER OF THE NATIONAL ASSOCIATION OF MARINE LABORATORIES, THE ORGANIZATION OF BIOLOGICAL FIELD STATIONS, THE MAINE ASSOCIATION OF NONPROFITS AND THE ASSOCIATION OF INDEPENDENT RESEARCH INSTITUTIONS. THESE ORGANIZATIONS, AS WELL AS SEVERAL OTHER SMALLER ORGANIZATIONS, EXPENDED 15% OR LESS OF TOTAL MEMBER ASSESSMENTS ON LOBBYING EXPENSES IN SUPPORT OF FUNDING FOR BIOLOGICAL RESEARCH. OF TOTAL DUES PAID, $2,190 WAS ALLOCATED TO LOBBYING EXPENSE. 11785256 2057891 87731 126556 1032345 14180 12757797 10073484 1619540 854453 99958 662263 11785256 9927224 794627 802089 43761 1406695 10073484 3096087 1057540 4153627 2873816 222271 3096087 0.56000 0.35000 0.09000 0 0 116870 116870 18363672 6384426 11979246 7163228 6156356 1006872 13102988 BONDS PAYABLE 4415000 CHARITABLE GIFT ANNUITIES 10998 4425998 X 11961306 -460124 -460124 12421430 1479 49 1528 12422958 11861958 0 11861958 1479 49 1528 11863486 PART X, LINE 2: NO UNCERTAIN TAX POSITION UNDER FIN 48 PART XI, LINE 4B - OTHER ADJUSTMENTS: TICKET SALES NETTED FROM EXPENSE ON F/S 51. ROUNDING -2. PART XII, LINE 4B - OTHER ADJUSTMENTS: TICKET SALES NETTED FROM EXPENSE ON F/S 51. ROUNDING -2. X X 1 0 0 0 0 0 0 0 0 DR PATRICIA HAND VICE PRESIDENT FOR ADMINIS 169540 0 0 0 0 0 12878 0 9383 0 191801 0 0 0 DR KEVIN STRANGE PRESIDENT 239480 0 0 0 0 0 18001 0 4183 0 261664 0 0 0 A FINANCE AUTHORITY OF MAINE 010392006 2009-10-01 5000000 FINANCE CONSTRUCTION 0 0 0 A 110000 2008 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 0 0 0 0 A 0 SCHEDULE K SUPPLENTAL INFORMATION THE REBATE COMPUTATION WAS PERFORMED BY THE BANK OF NEW YORK MELLON TRUST COMPANY ON JANUARY 22, 2014. DR JOHN N FORREST JR FORMER EXECUTIVE DIRECTOR 14345 LAB SPACE -THE ORGANIZATION PROVIDED LAB AND OFFICE SPACE @ NO CHARGE. 0 DR BRUCE ASTANTON TRUSTEE 14130 RENTAL - RENTAL OF OFFICE,COTTTAGE & LAB SPACE AS WELL AS CORE FACILITIES CHARGES FROM ORGANIZATION AT FAIR MARKET VALUE. 0 DR JAMES L BOYER FORMER TRUSTEE 13828 RENTAL - RENTAL OF OFFICE & LAB SPACE AS WELL AS CORE FACILITIES USE AND ACCOMODATIONS FOR HIS LAB STAFF FROM ORGANIZATION AT FAIR MARKET VALUE. 0 DR BRUCE ASTANTON TRUSTEE 3200 STIPENDS - PAID STIPENDS. 0 MRS ANNE H LEHMANN TRUSTEE 3400 RENTAL - RENTED HOUSE TO ORGANIZATION. 0 DR JOHN FORREST FORMER EXECUTIVE DIRECTOR 12000 STIPENDS - PAID STIPENDS 0 DR KEVIN STRANGE PRESIDENT 3379 CURRENT PRESIDENT OF THE INSTITUTION IS ALSO CEO OF NOVO BIOSCIENCES, INC. OF WHICH THE INSTITUTION WAS A PARTY OF BUSINESS TRANSACTIONS WITH. 0 REBECCA MORRISON WIFE OF PRESIDENT OF ORGANIZATION 83878 EMPLOYEE OF ORGANIZATION - PAID SALARY & BENEFITS 0 DR JAMES L BOYER FORMER TRUSTEE 5000 STIPENDS - PAID STIPENDS 0 DR JOHN FORREST FORMER EXECUTIVE DIRECTOR 14435 CORE FACILITIES USE AND ACCOMODATIONS FOR HIS LAB STAFF FROM ORGANIZATION AT FAIR MARKET VALUE 0 DAVID DAWSON FORMER EXECUTIVE DIRECTOR 21813 STIPENDS - PAID STIPENDS AND CONSULTING FEE 0 DAVID EVANS FORMER EXECUTIVE DIRECTOR 4440 STIPENDS AND BOOK PRUCHASES 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE 225 MEMBERS OF THE CORPORATION,169 ARE FULL MEMBERS WITH VOTING POWER. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE SHALL PRESENT ITS NOMINEES FOR ELECTION TO THE MEMBERS OF THE CORPORATION AT THE ANNUAL MEETING. ELECTION OF THE SLATE SHALL BE BY MAJORITY VOTE OF THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY SENIOR MANAGEMENT,CHAIRS 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 INDIVIDIUAL 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. TIME IS SET ASIDE AT ONE BOARD MEETING PER YEAR TO DISCUSS POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTION USES COMPARABILITY DATA FROM OTHER NON-PROFITS IN THE AREA AND IN SAME FIELD OF SCIENTIFIC RESEARCH. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE IN PDF FORMAT ON ITS WEBSITE. THE CONFLICT OF INTEREST STATEMENT IS AVAILABLE BY REQUEST. FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.COM PART XII - LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAVE NOT CHANGED DURING THE TAX YEAR.