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← MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC

Form 990 for tax year 2024

Filed by MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC.

Totals

Total revenue
$3,420,708
Total expenses
$3,790,896
Contributions and grants received
$2,795,577
Grants paid
$56,227
Program service revenue
$673,019
Investment income
$18,238
Other revenue
-$66,126
Total assets, end of year
$1,965,079
Total liabilities, end of year
$516,338
Net assets or fund balances, end of year
$1,448,741
Program services expenses (Part IX)
$2,989,072
Management and general expenses
$475,049
Fundraising expenses
$326,775
Program service expenses (Part III)
$2,989,072

Program services were 78.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $243,142

  • 1e · Government grants (contributions)

    $1,280,626

  • 1f · All other contributions, gifts and grants

    $1,271,809

  • 2a · Program service revenue: ATTENDANCE FEES

    total $271,769 · related or exempt $271,769

  • 2b · Program service revenue: APPRENTICESHIP EMPLOYE

    total $247,550 · related or exempt $247,550

  • 2c · Program service revenue: CONSULTING REVENUE

    total $153,700 · related or exempt $153,700

  • 3 · Investment income

    total $18,238 · excluded $18,238

  • 8a · Fundraising events: gross income

    $79,104

  • 8a · Fundraising events: contributions included on line 1c

    $243,142

  • 8b · Fundraising events: direct expenses

    $172,517

  • 8c · Net income from fundraising events

    total -$93,413 · excluded -$93,413

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $27,287 · related or exempt $27,287

  • 11e · Other revenue, total

    $27,287

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,227 · program services $51,227

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 5 · Compensation of officers, directors and key employees

    total $383,189 · program services $279,173 · management and general $59,662 · fundraising $44,354

  • 7 · Other salaries and wages

    total $1,717,029 · program services $1,521,805 · management and general $71,115 · fundraising $124,109

  • 8 · Pension plan contributions

    total $51,242 · program services $31,514 · management and general $17,520 · fundraising $2,208

  • 9 · Other employee benefits

    total $289,617 · program services $181,357 · management and general $91,364 · fundraising $16,896

  • 10 · Payroll taxes

    total $177,363 · program services $136,834 · management and general $27,755 · fundraising $12,774

  • 11b · Fees: legal

    total $2,280 · management and general $2,280

  • 11c · Fees: accounting

    total $50,356 · management and general $50,356

  • 11d · Fees: lobbying

    total $48,818 · program services $48,818

  • 11g · Fees: other

    total $479,215 · program services $399,161 · management and general $67,403 · fundraising $12,651

  • 12 · Advertising and promotion

    total $5,276 · program services $4,242 · management and general $1,034

  • 13 · Office expenses

    total $145,153 · program services $118,282 · management and general $15,134 · fundraising $11,737

  • 16 · Occupancy

    total $118,401 · program services $102,350 · management and general $6,879 · fundraising $9,172

  • 17 · Travel

    total $36,395 · program services $13,291 · management and general $22,972 · fundraising $132

  • 22 · Depreciation, depletion and amortization

    total $9,802 · program services $8,577 · management and general $684 · fundraising $541

  • 23 · Insurance

    total $7,579 · program services $3,931 · management and general $3,282 · fundraising $366

  • 24a · Other expenses: EVENT SUPPLIES AND FACI

    total $75,259 · program services $70,607 · management and general $3,036 · fundraising $1,616

  • 24b · Other expenses: BAD DEBT

    total $75,000 · fundraising $75,000

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $24,797 · program services $11,403 · management and general $13,204 · fundraising $190

  • 24d · Other expenses: MISCELLANEOUS

    total $20,645 · program services $210 · management and general $20,435

  • 24e · All other expenses

    total $17,253 · program services $1,290 · management and general $934 · fundraising $15,029

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,818 · end of year $3,954

  • 2 · Savings and temporary cash investments

    beginning of year $753,903 · end of year $822,794

  • 3 · Pledges and grants receivable

    beginning of year $864,561 · end of year $801,174

  • 4 · Accounts receivable

    beginning of year $232,000 · end of year $199,432

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $5,000

  • 10a · Land, buildings and equipment: cost or other basis

    $162,805

  • 10b · Land, buildings and equipment: accumulated depreciation

    $138,305

  • 10c · Land, buildings and equipment, net

    beginning of year $9,802 · end of year $24,500

  • 15 · Other assets

    beginning of year $109,714 · end of year $108,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,725 · end of year $312,671

  • 19 · Deferred revenue

    beginning of year $4,542 · end of year $4,542

  • 25 · Other liabilities

    beginning of year $13,602 · end of year $199,125

  • 27 · Net assets without donor restrictions

    beginning of year $1,460,557 · end of year $1,087,969

  • 28 · Net assets with donor restrictions

    beginning of year $358,372 · end of year $360,772

Mission and programs · 2024

Mission

MASSBIOED'S MISSION IS TO BUILD A SUSTAINABLE LIFE SCIENCES WORKFORCE IN THE REGION THROUGH EDUCATIONAL PROGRAMS THAT ENGAGE AND EXCITE TEACHERS, INSPIRE AND PROPEL STUDENTS, AND ILLUMINATE THE PATHWAY FROM THE CLASSROOM TO CAREER.

  • THE BIOTEACH PROGRAM FOCUSES ON STRENGTHENING THE ABILITY OF TEACHERS TO DELIVER LAB-CENTERED, INQUIRY-BASED LESSONS IN BIOTECHNOLOGY IN THEIR CLASSROOMS. THE PROGRAM INTRODUCES TEACHERS TO BASIC CONCEPTS IN BIOLOGY AND BIOTECHNOLOGY WITH SPECIFIC LABORATORY-BASED CURRICULA DESIGNED FOR TEACHING CONCEPTS. THE PROGRAM OFFERS FREE PROFESSIONAL DEVELOPMENT WORKSHOPS FOR EDUCATORS; TRAINING, CURRICULA, AND ON AND OFF-SITE MENTORING TO NEWLY TRAINED TEACHERS; ASSISTANCE TO TEACHERS WITH CONTENT ACQUISITION, PREPARATION AND EXECUTION OF CLASSROOM ACTIVITIES. THE PROGRAM ALSO OFFERS LOANS FOR LAB EQUIPMENT. STUDENTS ARE INTRODUCED TO CAREERS THROUGH COLLEGE AND CAREER ENGAGEMENT EXPERIENCES. WE ALSO BRING OUR MORE INTENSIVE TRAINING OF AUTHENTIC SCIENCE CONTENT AND CAREER AWARENESS TO LOW-INCOME AND HIGH-NEED SCHOOL DISTRICTS.

    Expenses $945,731 · Grants $56,227 · Revenue $357,369

  • BIOTALENT INCLUDED SEVERAL DIFFERENT PROGRAMS FOCUSED ON UNDERSTANDING, BUILDING, AND SUPPORTING WORKFORCE DEVELOPMENT AND CAREER AWARENESS. ACTIVITIES INCLUDED: A. LABOR MARKET INFORMATION PROVIDE JOB TREND ANALYSIS, AND A GREATER UNDERSTANDING OF THE INDUSTRY'S WORKFORCE NEEDS IN TERMS OF SKILLS TO EDUCATORS AND THOSE IN INDUSTRY. THE MASSBIOED PUBLISHES THE MASSACHUSETTS LIFE SCIENCES EMPLOYMENT OUTLOOK AND CONVENES THE LIFE SCIENCES WORKFORCE. B. COLLEGE TO CAREER BUILDS A CRITICAL BRIDGE BETWEEN CLASSROOM AND CAREERS. INDUSTRY EXPERTS HELP TEACHERS BROADEN THEIR STUDENTS' HORIZONS AND ENCOURAGE AN INTEREST IN THE LIFE SCIENCES. SEVERAL MODES OF INTERACTION ARE OFFERED, FROM FORMAL CAREER PANELS TO SMALL GROUP Q&A SESSIONS.C. CAREER HUB BRINGS GREATER LIFE SCIENCES AWARENESS, ACCESS, AND CAREER SERVICES TO MASSACHUSETTS RESIDENTS THROUGH CAREER AWARENESS WORKSHOPS AND CAREER COACHING. D. APPRENTICESHIP PROGRAM GROWS AND DIVERSIFIES THE WORKFORCE, OFFERING STREAMLINED PATHWAYS INTO THE INDUSTRY. THE PROGRAM COMBINES TECHNICAL TRAINING, ON-SITE WORK EXPERIENCE, AND INCOME SUPPORT. WORKING WITH LEADING LIFE SCIENCE EMPLOYERS, MASSBIOED HAS DESIGNED THREE APPRENTICESHIPS - ONE FOR BIOMANUFACTURING TECHNICIANS, ONE FOR CLINICAL TRIAL ASSOCIATES, AND ONE FOR LAB SUPPORT SPECIALISTS. ALL THREE PROGRAMS ENABLE INDIVIDUALS TO OBTAIN FOUNDATIONAL KNOWLEDGE AND INDUSTRY RECOGNIZED SKILLS, AND QUICKLY TRANSITION INTO EMPLOYMENT THAT PROVIDES MEANINGFUL WORK, FAMILY SUSTAINING WAGES, AND CAREER GROWTH.PROFESSIONAL TRAINING COURSES PROVIDE TECHNICALAND SOFT SKILLS TRAINING AND PROFESSIONAL DEVELOPMENT TO INDIVIDUALS IN THE BIOTECH INDUSTRY. THE COURSES ARE DEVELOPED IN CONJUNCTION WITH INDUSTRY PROFESSIONALS.

    Expenses $2,043,341 · Revenue $342,937

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kendalle Burlin O'Connell

    DIR./ PRES. & CEO OF MASSBIO

    Total calculated
    $491,070
    From this org
    $0
    From related orgs
    $481,930
    Other
    $9,140
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $481,930 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,778 related
    Nontaxable benefits
    $0 + $1,362 related
    Filer's total
    $0 + $491,070 related

  • Lauren Celano

    DIRECTOR/ CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristin Goppel

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Erin Colgan

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Wade Brown

    DIRECTOR/CLERK

    Total calculated
    $0
    Hours/week
    1

  • Ryan Cohlhepp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Durso Bumpus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Monahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Ellen Wiltrout

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Gottlieb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wynter J Duncanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Mettetal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lora Marden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shelley Seymour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Snow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Hackmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johanna Jobin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monique S Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ligia Delbianco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marie Muniz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Pitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sondra Schwartz

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $246,417
    From this org
    $224,663
    From related orgs
    $0
    Other
    $21,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,663
    Bonus
    $0
    Other
    $0
    Deferred
    $9,214
    Nontaxable benefits
    $12,540
    Filer's total
    $246,417

  • Spencer Klein

    DIRECTOR OF FINANCE & ADMIN

    Total calculated
    $136,772
    From this org
    $119,881
    From related orgs
    $0
    Other
    $16,891
    Hours/week
    40

  • Brian Souza

    VP OPERATIONS & WORKFORCE DEVT.

    Total calculated
    $187,044
    From this org
    $174,879
    From related orgs
    $0
    Other
    $12,165
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,879
    Bonus
    $0
    Other
    $0
    Deferred
    $5,924
    Nontaxable benefits
    $6,241
    Filer's total
    $187,044

  • Michelle Mischke

    VP BIOTECHNOLOGY EDUCATION PROG.

    Total calculated
    $172,634
    From this org
    $152,510
    From related orgs
    $0
    Other
    $20,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,510
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,124
    Filer's total
    $172,634

  • Marcie Laden

    SR. DIRECTOR OF MARKETING & DEVT.

    Total calculated
    $163,699
    From this org
    $146,578
    From related orgs
    $0
    Other
    $17,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,578
    Bonus
    $0
    Other
    $0
    Deferred
    $4,369
    Nontaxable benefits
    $12,752
    Filer's total
    $163,699

  • John Brothers

    SR. DIR. OF WORKFORCE DEVT. STRATEGY

    Total calculated
    $124,478
    From this org
    $100,806
    From related orgs
    $0
    Other
    $23,672
    Hours/week
    40

  • Sandra Luikenhuis

    ASST. DIR., BIOTECHNOLOGY EDUCATION

    Total calculated
    $104,804
    From this org
    $101,896
    From related orgs
    $0
    Other
    $2,908
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • MALDEN PUBLIC SCHOOLS

    $0

    PROVIDE SCHOOL WITH BIOLAB EQUIPMENT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533219349304713

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