FURP.ORG / PUBLIC DATA EXPLORER

MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC (EIN 22-2693047)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-08-12
IRS object ID
201442249349302554
Schema version
2013v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-08-12T15:49:08-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALEXANDER ARONSON FINNING & CO PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121 EAST MAIN STREETAddressLine1
CityWESTBOROCity
StateMAState
ZIP Code01581ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222693047EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS BIOTECHNOLOGY COUNCIL INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlMASSBusinessNameControlTxt
Phone6176745100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 TECHNOLOGY SQUARE 8TH FLOORAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT COUGHLINPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6176745100PhoneNum
Signature2014-08-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonYEVGENIYA GORLOVSKY-SCHEPP CPAPreparerPersonNm
PTINP01485484PTIN
Phone5083669100PhoneNum
Preparation2014-08-05PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerROBERT COUGHLINPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 TECHNOLOGY SQUARE 8TH FLOORAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$5,300,605GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.MASSBIO.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1985FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO FOSTER A POSITIVE ENVIRONMENT THAT ENABLES EACH BIOTECHNOLOGY COMPANY TO ACHIEVE ITS FULL POTENTIAL, MAKING MASSACHUSETTS A WORLD RENOWNED CENTER FOR BIOTECHNOLOGY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION.ActivityOrMissionDesc
Voting Members Governing Body28VotingMembersGoverningBodyCnt
Voting Members Independent27VotingMembersIndependentCnt
Total Employee38TotalEmployeeCnt
Total Volunteers89TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,790,631PYContributionsGrantsAmt
CY Contributions Grants$2,918,790CYContributionsGrantsAmt
PY Program Service Revenue$3,710,628PYProgramServiceRevenueAmt
CY Program Service Revenue$2,362,179CYProgramServiceRevenueAmt
PY Investment Income$26,118PYInvestmentIncomeAmt
CY Investment Income$19,636CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$6,527,377PYTotalRevenueAmt
CY Total Revenue$5,300,605CYTotalRevenueAmt
PY Grants And Similar Paid$100,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$100,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,620,465PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,861,728CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,971,596PYOtherExpensesAmt
CY Other Expenses$2,318,403CYOtherExpensesAmt
PY Total Expenses$5,692,061PYTotalExpensesAmt
CY Total Expenses$5,280,131CYTotalExpensesAmt
PY Revenues Less Expenses$835,316PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$20,474CYRevenuesLessExpensesAmt
Total Assets BOY$6,721,406TotalAssetsBOYAmt
Total Assets EOY$6,831,209TotalAssetsEOYAmt
Total Liabilities BOY$948,134TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,037,463TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,773,272NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,793,746NetAssetsOrFundBalancesEOYAmt
MissionTO FOSTER A POSITIVE ENVIRONMENT THAT ENABLES EACH BIOTECHNOLOGY COMPANY TO ACHIEVE ITS FULL POTENTIAL, MAKING MASSACHUSETTS A WORLD RENOWNED CENTER FOR BIOTECHNOLOGY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$5,280,131ExpenseAmt
Grant$100,000GrantAmt
Revenue$2,362,179RevenueAmt
DescMASSACHUSETTS BIOTECHNOLOGY COUNCIL - COSTS INCURRED TO SUPPORT AND PROVIDE A POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION.Desc
Total Program Service Expenses$5,280,131TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee38EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members28GoverningBodyVotingMembersCnt
Independent Voting Member27IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JOSEPH FAZIO VP FINANCEBusinessNameLine1
FieldValueIRS element (for citing)
Phone6176745100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 TECHNOLOGY SQUARE 8TH FLOORAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
ROBERT COUGHLIN
PRESIDENT/DIRECTOR40.00Yes (X)Yes (X)$493,175$0$29,286
MARK LEUCHTENBERGER
DIRECTOR0.30Yes (X)$0$0$0
MICHAEL O'HARA
TREASURER0.50Yes (X)Yes (X)$0$0$0
GLENN BATCHELDER
VICE CHAIR0.50Yes (X)Yes (X)$0$0$0
GEOFFREY F COX
IMMEDIATE PAST CHAIRMAN0.50Yes (X)$0$0$0
MARK BAMFORTH
DIRECTOR0.30Yes (X)$0$0$0
JEFFREY J ELTON PHD
DIRECTOR0.30Yes (X)$0$0$0
SCOTT GILLIS
DIRECTOR0.30Yes (X)$0$0$0
EDWIN M KANIA JR
DIRECTOR0.30Yes (X)$0$0$0
LAURIE BARTLETT KEATING
DIRECTOR0.30Yes (X)$0$0$0
STEVEN RICHTER
DIRECTOR0.30Yes (X)$0$0$0
FRANK THOMAS
DIRECTOR0.30Yes (X)$0$0$0
LAWRENCE S WITTENBERG
DIRECTOR0.30Yes (X)$0$0$0
AMIT SACHDEV
DIRECTOR0.30Yes (X)$0$0$0
STEVEN GILMAN
DIRECTOR0.30Yes (X)$0$0$0
GEOFF MACKAY
CHAIRMAN0.50Yes (X)Yes (X)$0$0$0
CHARLES WILSON
DIRECTOR0.30Yes (X)$0$0$0
ABBIE CELNIKER
CLERK0.50Yes (X)Yes (X)$0$0$0
JC GUTIERREZ-RAMOS
DIRECTOR0.30Yes (X)$0$0$0
MARGARET CHU-MOYER
DIRECTOR0.30Yes (X)$0$0$0
DEANNA PETERSEN
DIRECTOR0.30Yes (X)$0$0$0
KATHLEEN TREGONING
DIRECTOR0.30Yes (X)$0$0$0
CAREN ARNSTEIN
DIRECTOR0.30Yes (X)$0$0$0
JAMES HOYES
DIRECTOR0.30Yes (X)$0$0$0
DAVID LUCCHINO
DIRECTOR0.30Yes (X)$0$0$0
RENEE CONNOLLY
DIRECTOR0.30Yes (X)$0$0$0
LISA OLSON
DIRECTOR0.30Yes (X)$0$0$0
ALICE POMPONIO
DIRECTOR0.30Yes (X)$0$0$0
JOSEPH FAZIO
VP FINANCE40.00$159,308$0$24,397Yes (X)
JOHN HEFFERNAN
VP POLICY AND EXTERNAL AFF40.00$182,266$0$25,575Yes (X)
JOHN HALLINAN
CHIEF BUSINESS OFFICER40.00$197,926$0$22,777Yes (X)
KENDALLE O'CONNELL
VP MEMBER SERVICES40.00$132,912$0$14,797Yes (X)
SARAH MACDONALD
VP DEVELOPMENT AND COMMUNI40.00$159,208$0$24,399Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,324,795TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$141,231TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K7IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
FREEMAN
275 BODWELL STREETBOSTONMA02322DESIGN AND BUILD PAVILION FOR BIO CONV.$253,574
HEALTH ADVANCES LLC
9 RIVERSIDE ROADWESTONMA02493CONSULTANT - IMPACT 2020 REPORT$176,900
MCDERMOTT QUILTY & MILLER LLP
21 CUSTOM HOUSE STREETBOSTONMA02110STATE LOBBYIST$120,590
GREEN BEACON SOLUTIONS LLC
255 WASHINGTON STREETBOSTONMA02458CRM SOFTWARE CUSTOMIZATION AND IMPLEMENT$100,510
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Membership Dues$2,918,790MembershipDuesAmt
Total Contributions$2,918,790TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CONSORTIUM REBATES900099$1,194,132$1,194,132
SPONSORSHIP FEES900099$966,659$966,659
ATTENDANCE FEES900099$181,708$181,708
OTHER PROGRAM REVENUE900099$19,680$19,680
FieldValueIRS element (for citing)
Total Program Service Revenue$2,362,179TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,636TotalRevenueColumnAmt
Exclusion$19,636ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,300,605TotalRevenueColumnAmt
Related Or Exempt Func Income$2,362,179RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$19,636ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$100,000TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$522,461TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,900,863TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$56,590TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$232,884TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$148,930TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,433TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$21,080TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$132,235TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$84,525TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$94,393TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$87,741TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$525,102TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$95,573TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$10,510TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$55,982TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,407TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
EVENT COSTS$635,887
CONSULTING$521,502
DUES AND SUBSCRIPTIONS$23,120
BAD DEBT$22,913

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,280,131TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$219,410BOYAmt
EOY$354,747EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$5,634,651BOYAmt
EOY$5,687,102EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$354,044BOYAmt
EOY$365,139EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$212,016BOYAmt
EOY$93,471EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$749,715LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$569,653LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$150,394BOYAmt
EOY$180,062EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$150,891BOYAmt
EOY$150,688EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,721,406BOYAmt
EOY$6,831,209EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$94,525BOYAmt
EOY$317,548EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$670,140BOYAmt
EOY$506,256EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$183,469BOYAmt
EOY$213,659EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$948,134BOYAmt
EOY$1,037,463EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,773,272BOYAmt
EOY$5,793,746EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,773,272BOYAmt
EOY$5,793,746EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,721,406BOYAmt
EOY$6,831,209EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$20,474ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House Lobbying0OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd
Dues Assessments$2,918,790DuesAssessmentsAmt
Non Deductible Lbbyng Pltcl CY$616,660NonDeductibleLbbyngPltclCYAmt
Non Deductible Lbbyng Pltcl Tot$616,660NonDeductibleLbbyngPltclTotAmt
Aggregate Reported Dues Ntc$963,201AggregateReportedDuesNtcAmt
Taxable-$346,541TaxableAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$45,165OtherCostOrOtherBasisAmt
Depreciation$5,581DepreciationAmt
Book Value$39,584BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$594,115OtherCostOrOtherBasisAmt
Depreciation$516,447DepreciationAmt
Book Value$77,668BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$110,435OtherCostOrOtherBasisAmt
Depreciation$47,625DepreciationAmt
Book Value$62,810BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$180,062TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENTDesc
Amt$213,659Amt
FieldValueIRS element (for citing)
Total Liability$213,659TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,096,222TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,096,222RevenueSubtotalAmt
Other Revenues Not Included$204,383OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$204,383RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,300,605TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,075,748TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included-$204,383OtherExpensesIncludedAmt
Expenses Not Reported-$204,383ExpensesNotReportedAmt
Expenses Subtotal$5,280,131ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,280,131TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:MASSBIO HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD, WHICH REQUIRES MASSBIO TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF DECEMBER 31, 2013, MASSBIO DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. MASSBIO FILES INCOME TAX RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. MASSBIO IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR MASSACHUSETTS STATE OR FOR UNITED STATES FEDERAL INCOME TAXES BEFORE 2010.
PART XI, LINE 4B - OTHER ADJUSTMENTS:ALLOCATION TO MBEF
PART XII, LINE 2D - OTHER ADJUSTMENTS:ALLOCATION TO MBEF
PART XI, LINE 4B & PART XII, LINE 2DRECONCILIATION OF REVENUES AND EXPENSES FROM FINANCIAL STATEMENTS TO TAX RETURN INCLUDES 204,383 NET ALLOCATION TO MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATIONBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 TECHNOLOGY SQUARE 8TH FLOORAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Recipient EIN223799632RecipientEIN
IRC Section501(C)3IRCSectionDesc
Cash Grant$100,000CashGrantAmt
Purpose Of GrantTO FUND GENERAL OPERATIONS.PurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990 SCHEDULE I PART IIFormAndLineReferenceDesc
ExplanationMASSACHUSETTS 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROBERT COUGHLIN
PRESIDENT/DIRECTOR$493,175$0$0$0$0$0$10,200$0$19,086$0$522,461$0$0$0
JOSEPH FAZIO
VP FINANCE$159,308$0$0$0$0$0$6,234$0$18,163$0$183,705$0$0$0
JOHN HEFFERNAN
VP POLICY AND EXTERNAL AFF$182,266$0$0$0$0$0$7,231$0$18,344$0$207,841$0$0$0
JOHN HALLINAN
CHIEF BUSINESS OFFICER$197,926$0$0$0$0$0$4,667$0$18,110$0$220,703$0$0$0
SARAH MACDONALD
VP DEVELOPMENT AND COMMUNI$159,208$0$0$0$0$0$6,546$0$17,853$0$183,607$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6MASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC IS A MEMBERSHIP ORGANIZATION. MEMBERS ARE REQUIRED TO MAKE ANNUAL PAYMENTS FOR THEIR MEMBERSHIP.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS 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 A, LINE 8BMASSACHUSETTS BIOTECHNOLOGY COUNCIL, INC. DOES NOT RECORD MINUTES FOR ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11FORM 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 AUDIT COMMITTEE OF THE BOARD WITH THE VP OF FINANCE.
FORM 990, PART VI, SECTION B, LINE 12CALL 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 15PRESIDENT COMPENSATION - EXECUTIVE COMMITTEE OF THE BOARD USES THE AVERAGE SALARY FOR BIOTECH PRESIDENT'S AS A GUIDE IN DETERMING SALARY. BONUS COMPENSATION IS BASED ON ACHIEVING ORGANIZATIONAL MILESTONES. KEY EMPLOYEE COMPENSATION - CEO NEGOTIATES ON BEHALF OF MBC, USING COMPARABLE POSITIONS WITHIN THE BIOTECH INDUSTRY AS A STARTING POINT.
FORM 990, PART VI, SECTION C, LINE 19MASSBIO MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART V, LINE 2ASEVEN 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.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 TECHNOLOGY SQUAREAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
EIN223799632EIN
Primary ActivitiesTO ENCOURAGE GROWTH OF BIOTECHNOLOGY EDUCATION IN MASSACHUSETTS SCHOOLS.PrimaryActivitiesTxt
Legal Domicile StateMALegalDomicileStateCd
Exempt Code Section501(C)3ExemptCodeSectionTxt
Public Charity StatusLINE 7PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC
B$304,383GRANT TO MASSBIO ED
MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC
N$158,862REIMBURSE FOR SHARED FACILITIES
MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC
Q$539,385REIMBURSE FOR MA BIO ED PAYROLL
MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC
O$52,950REIMBURSE FOR SHARED EMPLOYEES
MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC
L$113,050SPONSORSHIP FOR MA BIO GOLF EVENT