2015-11-16T13:07:42-06:00 2014-12-31 010219197 HORTON MCFARLAND & VEYSEY LLC PO BOX 543 ELLSWORTH ME 04605 990 2014-01-01 010202467 MOUNT DESERT ISLAND BIOLOGICAL LABORATORY MOUN 2072883605 PO BOX 35 SALISBURY COVE ME 046720035 MR SPENCER ERVIN CO-CHAIR, GOVERNANCE COMMITTEE 2072883605 2015-11-09 1 JAMES E MCFARLAND P00133990 2076675529 2015-10-21 2014 2016-04-25 22:37:26Z DR KEVIN STRANGE PHD PO BOX 35 SALISBURY COVE ME 046720035 13022814 0 X WWW.MDIBL.ORG X 1898 ME TO DEVELOP SOLUTIONS TO COMPLEX HUMAN & ENVIRONMENTAL HEALTH PROBLEMS THROUGH RESEARCH & EDUCATION. 22 21 96 125 0 0 7802139 10272455 1591204 1711837 785633 982272 -13375 1404 10165601 12967968 0 0 0 0 3878853 4155139 0 15000 554608 6736413 6661282 10615266 10831421 -449665 2136547 27323685 29607771 5665785 5917674 21657900 23690097 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 8605100 1733437 THE MDI BIOLOGICAL LABORATORY IS RECOGNIZED BY THE NATIONAL INSTITUTES OF HEALTH AS A CENTER OF BIOMEDICAL RESEARCH EXCELLENCE (COBRE) FOR OUR INNOVATIVE RESEARCH PROGRAM IN REGENERATIVE AND AGING BIOLOGY AND MEDICINE.OUR APPROACH SPEEDS THE DISCOVERY PROCESS, GREATLY REDUCES RESEARCH COSTS AND PROVIDES OPPORTUNITIES FOR IDENTIFICATION OF NEW DRUGS FOR IMPROVING HUMAN HEALTH. THROUGH A VARIETY OF VENTURES, DISCOVERIES ARE BEING TRANSFORMED INTO NEW THERAPEUTICS THAT ACTIVATE AND ENHANCE INNATE TISSUE REPAIR AND REGENERATIVE PROCESSES AND SLOW OR REVERSE DEGENERATIVE CHANGES THAT OCCUR AS HUMANS AGE.THE MDI BIOLOGICAL LABORATORY IS ALSO A WORLD-CLASS SCIENCE EDUCATION INSTITUTION WHERE STUDENTS AT ALL LEVELS FROM MIDDLE TO MEDICAL SCHOOL LEARN PROBLEM-SOLVING AND COMMUNICATION SKILLS, AND WHERE OUT-OF-THE BOX THINKING, ENTREPRENEURSHIP, AND PARTNERSHIP-BUILDING ARE ENCOURAGED. THE INSTITUTION'S GOALS ARE TO MAKE BETTER DOCTORS, INSPIRE SCIENTISTS, DEVELOP A 21ST-CENTURY SCIENCE AND TECHNOLOGY WORKFORCE, AND BRING DIVERSE GROUPS OF STAKEHOLDERS TOGETHER TO COLLABORATE ON SOLVING HUMAN AND ENVIRONMENTAL SUSTAINABILITY PROGRAMS. 8605100 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 158 0 1 96 1 0 0 0 0 0 0 0 0 X 22 21 0 1 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 MAX J BRENNINKMEYER TRUSTEE 1.00 X 0 0 0 MR I WISTAR MORRIS III TREASURER 2.00 X 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 TRUSTEE 1.00 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 JOSEPHINE A SOLLANO TRUSTEE 1.00 X 0 0 0 DR PATRICIA HAND VICE PRESIDENT FOR ADMINIS 40.00 X 159446 0 32053 DR KEVIN STRANGE PRESIDENT 40.00 X 233217 0 25333 CLAUDINE D LURVEY DIRECTOR OF FINANCE 40.00 X 103671 0 9714 496334 0 67100 3 0 1 0 GOODIE'S ELECTRICAL SERVICE 28 WEST STREET EXTENSION BAR HARBOR ME 04609 ELECTRICIAN 101582 1 4600 800 7932282 2334773 57474 10272455 CONFER & COURSE FEES 611710 469300 469300 LABORATORY FEES 541700 353507 353507 HOUSING FEES 611710 340584 340584 DINING HALL FEES 611710 258120 258120 EQUIPMENT & OTHER FEES 611710 251970 251970 38356 38356 1711837 659520 659520 340000 17248 322752 322752 322752 38964 800 37598 1366 1366 38 0 38 38 12967968 1711837 0 983676 3353971 2478596 683266 192109 172505 125037 37384 10084 370740 284086 70910 15744 257923 189245 52592 16086 3792 3792 23700 23700 89167 3379 85788 15000 15000 18902 18902 201518 127950 64909 8659 49382 8673 40709 587738 494365 91234 2139 128657 84416 33781 10460 255985 191989 63996 1121059 896847 168159 56053 92396 10397 81746 253 SUBAWARDS 2124748 2124748 SUPPLIES 682378 627645 47547 7186 EDUCATIONAL COURSES COS 445040 445040 PRINTING & PUBLICATIONS 176613 330 89773 86510 660207 515736 95934 48537 10831421 8605100 1671713 554608 1121795 2540456 6870518 7005488 797504 986621 315681 161137 8329 4791 5301 25342627 11322245 14025403 14020382 4031973 4747115 147691 141271 27323685 29607771 506341 557069 529444 835605 4630000 4525000 5665785 5917674 X 11584416 11904841 5880227 7351259 4193257 4433997 21657900 23690097 27323685 29607771 X 2136547 -104353 3 X X 0 1 X 1 1 1 X 8106064 11831125 9906204 7802139 10250855 47896387 8106064 11831125 9906204 7802139 10250855 47896387 1716783 46179604 124353 170259 149674 784740 982272 2211298 7497 4914 -13612 -13250 1366 -13085 50094600 7133344 0.92180 0.95700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 1 4476 1 20183 1 11924 1 5262 1 47322 89167 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, $2,349 WAS ALLOCATED TO LOBBYING EXPENSE. THE MDI BIOLOGICAL LABORATORY CONTRIBUTED $86,818 TO THE BALLOT QUESTION COMMITTEE "5 WORKS FOR MAINE" TO SUPPORT QUESTION 5 ON THE NOVEMBER 4, 2014 REFERENDUM PRESENTED TO MAINE VOTERS. QUESTION 5 ASKED FOR APPROVAL OF A $3,000,000 BOND ISSUE TO MODERNIZE AND EXPAND INFRASTRUCTURE IN A BIOLOGICAL LABORATORY SPECIALIZING IN TISSUE REPAIR AND REGENERATION LOCATED IN THE STATE. 10073484 1619540 854453 99958 662263 11785256 9927224 794627 802089 43761 1406695 10073484 3096087 1057540 4153627 2873816 222271 3096087 2824416 49400 2873816 0.51000 0.38000 0.11000 0 0 116870 116870 18149649 5589733 12559916 7076108 5732512 1343596 14020382 BONDS PAYABLE 4525000 4525000 X 12861340 -104353 -104353 12965693 588 1687 2275 12967968 10829143 0 10829143 588 1690 2278 10831421 PART X, LINE 2: NO UNCERTAIN TAX POSITION UNDER FIN 48 PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 3. GALA CELEBRATION 38543 800 37743 37598 38543 800 37743 37598 37598 145 X 0 0 0 0 0 0 0 0 0 DR PATRICIA HAND VICE PRESIDENT FOR ADMINIS 159446 0 0 0 0 0 12422 0 19631 0 191499 0 0 0 DR KEVIN STRANGE PRESIDENT 233217 0 0 0 0 0 17546 0 7787 0 258550 0 0 0 A FINANCE AUTHORITY OF MAINE 010392006 2009-10-01 5000000 FINANCE CONSTRUCTION 0 0 0 A 105000 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 12375 LAB SPACE -THE ORGANIZATION PROVIDED LAB AND OFFICE SPACE @ NO CHARGE. 0 DR BRUCE ASTANTON TRUSTEE 19327 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 16057 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 JAMES B CLAIBORNE TRUSTEE 2312 RENTAL - RENTAL OF OFFICE SPACE AS WELL AS LAB STAFF CHARGES FROM ORGANIZATION AT FAIR MARKET VALUE. 0 DR BRUCE ASTANTON TRUSTEE 3121 STIPENDS - PAID STIPENDS. 0 MRS ANNE H LEHMANN TRUSTEE 3800 RENTAL - RENTED HOUSE TO ORGANIZATION. 0 DR JOHN FORREST FORMER EXECUTIVE DIRECTOR 16000 STIPENDS - PAID STIPENDS 0 DR KEVIN STRANGE PRESIDENT 7094 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 84022 EMPLOYEE OF ORGANIZATION - PAID SALARY & BENEFITS 0 X 4 52699 FAIR MARKET VALUE X INKIND 3 4775 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ENDOWMENT INVESTMENTS ARE HELD AT FIDELITY, INC. AND THE FIRST, AND HELD IN MONEY MARKET AND S&P 500 INDEX FUNDS, OVERSEEN BY THE INVESTMENT COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE 225 MEMBERS OF THE CORPORATION,166 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,THE GOVERNANCE COMMITTEE AND THE FULL BOARD 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 FORM 990, PART XI, LINE 9: ROUNDING 3. PART XII - LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAVE NOT CHANGED DURING THE TAX YEAR.