2014-11-12T12:58:14-06:00 2013-12-31 010219197 HORTON MCFARLAND & VEYSEY LLC PO BOX 543 ELLSWORTH ME 04605 990 2013-01-01 010202467 MOUNT DESERT ISLAND BIOLOGICAL LABORATORY MOUN 2072883605 PO BOX 35 SALISBURY COVE ME 046720035 MR SPENCER ERVIN CHAIR, GOVERNANCE COMMITTEE 2072883605 2014-11-12 1 JAMES E MCFARLAND P00133990 2076675529 2014-11-12 2013 2015-11-30 17:44:51Z PETER ALLEN MD 478 QUAKER RD CHAPPAQUA NY 105142008 10214451 0 X WWW.MDIBL.ORG X 1898 ME TO DEVELOP SOLUTIONS TO COMPLEX HUMAN & ENVIRONMENTAL HEALTH PROBLEMS THROUGH RESEARCH & EDUCATION. 21 21 88 99 0 0 9906204 7802139 1359533 1591204 152774 785633 -11460 -13375 11407051 10165601 0 0 0 0 3403350 3878853 0 0 442111 6397295 6736413 9800645 10615266 1606406 -449665 27641725 27323685 5510806 5665785 22130919 21657900 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 8493831 1591204 IN 2013, THE MDI BIOLOGICAL LABORATORY WAS 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. 8493831 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 0 0 0 0 0 0 0 0 0 1 132 0 1 88 1 0 0 0 0 0 0 0 0 X 21 21 1 1 1 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 DR EDWARD J BENZ VICE CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 DR JAMES L BOYER 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 KEVIN STRANGE PRESIDENT 40.00 X 227154 0 21863 DR PATRICIA HAND VICE PRESIDENT FOR ADMINISTRATION 40.00 X 149055 0 26184 376209 0 48047 2 0 1 0 0 3100 13250 6258147 1527642 18257 7802139 LABORATORY FEES 541700 406249 406249 HOUSING FEES 611710 369569 369569 CONFER & COURSE FEES 611710 310141 310141 EQUIPMENT & OTHER FEES 611710 264405 264405 DINING HALL FEES 611710 218792 218792 22048 22048 1591204 785633 785633 33650 13250 46275 -12625 -12625 1825 2575 -750 -750 10165601 1591204 0 772258 3110159 2219969 709219 180971 157011 113535 38837 4639 374746 276997 79163 18586 236937 167889 54088 14960 10173 10173 21725 21725 1236 1236 18565 18565 57241 9453 47788 508087 433087 73100 1900 141693 85773 42874 13046 264495 198371 66124 1097869 878296 164680 54893 94600 14252 79899 449 SUBAWARDS 2574540 2574540 SUPPLIES 558758 513181 33190 12387 EDUCATIONAL COURSES COS 314220 314220 CONSULTANTS 210813 125896 73066 11851 862398 568372 165597 128429 10615266 8493831 1679324 442111 922265 1121795 7605090 6870518 753238 797504 42151 315681 11643 8329 31950 4791 24233016 10207613 14788661 14025403 3332616 4031973 154111 147691 27641725 27323685 500614 506341 280192 529444 4730000 4630000 5510806 5665785 X 12203695 11584416 5773597 5880227 4153627 4193257 22130919 21657900 27641725 27323685 X -449665 48803 -72157 X X 0 1 X 1 1 1 X 7272975 8106064 11831125 9906204 7802139 44918507 7272975 8106064 11831125 9906204 7802139 44918507 671133 44247374 95705 124353 170259 149674 784740 1324731 7063 7497 4914 -13612 -13250 -7388 46235850 6456280 0.95700 0.97700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1236 1236 0 PART II-B, LINE 1: THE LABORATORY 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, $1,236 WAS ALLOCATED TO LOBBYING EXPENSE. 9927224 794627 802089 43761 1406695 10073484 3096087 1057540 4153627 2873816 222271 3096087 2824416 49400 2873816 2573674 104242 2824416 0.48000 0.42000 0.10000 0 0 116870 116870 17868136 4839422 13028714 6248010 5368191 879819 14025403 BONDS PAYABLE 4630000 4630000 X 10212458 48803 48803 10163655 1188 758 1946 10165601 10613309 0 10613309 1188 769 1957 10615266 PART V, LINE 4: BEGINNING BALANCE AT 1/1/13 HAS BEEN REVISED TO REFLECT THE ADDITION OF TEMPORARILY RESTRICTED ENDOWMENT ASSETS. THE PRIOR YEARS PRESENTED HAD REFLECTED ONLY THE PERMANENTLY RESTRICTED PORTION. PART X, LINE 2: NO UNCERTAIN TAX POSITION UNDER FIN 48 PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 11. GALA CELEBRATION 46275 13250 33025 46275 STUDENT RECOGNITION DINNER 625 625 46900 13250 33650 46275 46275 -12625 X 0 0 0 0 0 0 0 0 0 DR KEVIN STRANGE PRESIDENT 227154 0 0 0 0 0 17102 0 4761 0 249017 0 0 0 DR PATRICIA HAND VICE PRESIDENT FOR ADMINISTRATION 149055 0 0 0 0 0 11730 0 14454 0 175239 0 0 0 A FINANCE AUTHORITY OF MAINE 010392006 2009-10-01 5000000 FINANCE CONSTRUCTION 0 0 0 A 100000 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. JOHN FORREST FORMER EXECUTIVE DIRECTOR 15445 LAB SPACE -THE ORGANIZATION PROVIDED LAB AND OFFICE SPACE @ NO CHARGE. 0 DR BRUCE ASTANTON TRUSTEE 19367 RENTAL - RENTAL OF OFFICE,COTTTAGE & LAB SPACE AS WELL AS HOUSING FOR HIS ASSOCIATE FROM ORGANIZATION AT FAIR MARKET VALUE. 0 DR JAMES L BOYER TRUSTEE 12085 RENTAL - RENTAL OF OFFICE & LAB SPACE FOR HIMSELF & ASSOCIATE FROM ORGANIZATION AT FAIR MARKET VALUE 0 DR JAMES B CLAIBORNE TRUSTEE 2019 RENTAL - RENTAL OF OFFICE SPACE FROM ORGANIZATION AT FAIR MARKET VALUE 0 DR BRUCE ASTANTON TRUSTEE 3121 STIPENDS - PAID STIPENDS. 0 PHOEBE FORREST LINK SISTER TO FORMER EXECUTIVE DIRECTOR AND MOTHER OF CURRENT TRUSTEE. 2750 RENTAL - RENTED HOUSE TO ORGANIZATION. 0 JOHN FORREST FORMER EXECUTIVE DIRECTOR 12250 STIPENDS - PAID STIPENDS 0 KEVIN STRANGE PRESIDENT 2871 CURRENT PRESIDENT OF THE INSTITUTION IS ALSO CEO OF NOVO BIOSCIENCES, INC. OF WHICH THE INSTITUTION WAS A PARTY OF BUSINESS TRANSACTIONS WITH. 0 FORM 990, PART VI, SECTION A, LINE 2 JAMES L. BOYER AND PHOEBE C. BOYER HAVE FAMILY RELATIONSHIP. THEY ARE FATHER & DAUGHTER. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF THE INSTITUTION'S INVESTMENT ACCOUNTS WAS PERFORMED BY CONTRACTED INVESTMENT MANAGEMENT FIRMS. BEGINNING IN 2013, 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 4 THE INSTITUTION'S BYLAWS WERE CHANGED. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE 227 MEMBERS OF THE CORPORATION,162 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 11. CHANGE IN INDIRECT COST RATES CALCULATED FOR 2012 -72,168. PART XII - LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAVE NOT CHANGED DURING THE TAX YEAR.