Form 990 for tax year 2024
Filed by MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC.
Totals
- Total revenue
- $17,768,651
- Total expenses
- $17,657,195
- Contributions and grants received
- $6,643,765
- Grants paid
- $225,000
- Program service revenue
- $10,315,747
- Investment income
- $809,139
- Other revenue
- $0
- Total assets, end of year
- $29,007,509
- Total liabilities, end of year
- $10,294,639
- Net assets or fund balances, end of year
- $18,712,870
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1b · Membership dues
$6,643,765
-
2a · Program service revenue: CONSORTIUM REBATES
total $7,314,347 · related or exempt $7,314,347
-
2b · Program service revenue: SPONSORSHIP FEES
total $1,838,694 · related or exempt $1,838,694
-
2c · Program service revenue: ATTENDANCE FEES
total $1,146,140 · related or exempt $1,146,140
-
2d · Program service revenue: OTHER PROGRAM REVENUE
total $16,566 · related or exempt $16,566
-
3 · Investment income
total $809,139 · excluded $809,139
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $225,000
-
5 · Compensation of officers, directors and key employees
total $930,163
-
7 · Other salaries and wages
total $5,776,585
-
8 · Pension plan contributions
total $218,550
-
9 · Other employee benefits
total $707,788
-
10 · Payroll taxes
total $443,320
-
11b · Fees: legal
total $3,315
-
11c · Fees: accounting
total $51,700
-
11g · Fees: other
total $2,088,566
-
12 · Advertising and promotion
total $958,366
-
13 · Office expenses
total $213,848
-
14 · Information technology
total $532,974
-
16 · Occupancy
total $2,386,448
-
17 · Travel
total $346,730
-
19 · Conferences, conventions and meetings
total $33,555
-
22 · Depreciation, depletion and amortization
total $618,358
-
24a · Other expenses: EVENT COSTS
total $1,400,067
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $460,704
-
24c · Other expenses: MEALS AND ENTERTAINMENT
total $176,251
-
24d · Other expenses: MISCELLANEOUS
total $84,907
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,545 · end of year $29,204
-
2 · Savings and temporary cash investments
beginning of year $5,615,478 · end of year $5,660,107
-
4 · Accounts receivable
beginning of year $2,541,019 · end of year $2,162,540
-
9 · Prepaid expenses and deferred charges
beginning of year $345,332 · end of year $470,464
-
10a · Land, buildings and equipment: cost or other basis
$5,943,843
-
10b · Land, buildings and equipment: accumulated depreciation
$3,458,045
-
10c · Land, buildings and equipment, net
beginning of year $2,633,366 · end of year $2,485,798
-
11 · Investments: publicly traded securities
beginning of year $10,923,517 · end of year $11,499,401
-
14 · Intangible assets
beginning of year $101,066 · end of year $90,788
-
15 · Other assets
beginning of year $7,635,840 · end of year $6,609,207
-
17 · Accounts payable and accrued expenses
beginning of year $613,024 · end of year $780,921
-
19 · Deferred revenue
beginning of year $1,872,206 · end of year $2,102,263
-
25 · Other liabilities
beginning of year $8,742,519 · end of year $7,411,455
-
27 · Net assets without donor restrictions
beginning of year $18,474,884 · end of year $18,586,340
-
28 · Net assets with donor restrictions
beginning of year $126,530 · end of year $126,530
Mission and programs · 2024
Mission
MASSBIO IS COMMITTED TO ADVANCING MASSACHUSETTS' LEADERSHIP IN THE LIFE SCIENCES TO GROW THE INDUSTRY, ADD VALUE TO THE HEALTH CARE SYSTEM AND IMPROVE PATIENT LIVES.
-
MASSACHUSETTS BIOTECHNOLOGY COUNCIL - COSTS INCURRED TO SUPPORT AND PROVIDE A POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION.
Revenue $10,315,747
As filed on the 2024 return.
Listed in Part VII
-
Kendalle Lee Burlin O'ConnellKENDALLE LEE BURLIN O'CONNELL
PRESIDENT & CEO
- Total calculated
- $491,070
- From this org
- $481,930
- From related orgs
- $0
- Other
- $9,140
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $481,930
- Bonus
- $0
- Other
- $0
- Deferred
- $7,778
- Nontaxable benefits
- $1,362
- Filer's total
- $491,070
-
Tamar ThompsonTAMAR THOMPSON
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey EltonJEFFREY ELTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike O'HaraMIKE O'HARA
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Jason ColeJASON COLE
CLERK
- Total calculated
- $0
- Hours/week
- 0.5
-
Pam RandhawaPAM RANDHAWA
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Lawrence WittenbergLAWRENCE WITTENBERG
COUNSEL
- Total calculated
- $0
- Hours/week
- 0.5
-
David LucchinoDAVID LUCCHINO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Cheryl BlanchardCHERYL BLANCHARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Melissa Bradford-KlugMELISSA BRADFORD-KLUG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Lauren CelanoLAUREN CELANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Chip ClarkCHIP CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Robert CoughlinROBERT COUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
John DunlopJOHN DUNLOP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Eileen ElliottEILEEN ELLIOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Gary GillheeneyGARY GILLHEENEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Luba GreenwoodLUBA GREENWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Sue HagerSUE HAGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Martin HeideckerMARTIN HEIDECKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Dennis HuangDENNIS HUANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Edward KayeEDWARD KAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Lizabeth LeveilleLIZABETH LEVEILLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Liz LewisLIZ LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael LutherMICHAEL LUTHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Eustacia Reidy MacnaughtEUSTACIA REIDY MACNAUGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
David MeekerDAVID MEEKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Gilmore O'NeillGILMORE O'NEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michal PremingerMICHAL PREMINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Chandra RamanathanCHANDRA RAMANATHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Eric RasmussenERIC RASMUSSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Christopher RoundCHRISTOPHER ROUND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael ShaferMICHAEL SHAFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Rehan VerjeeREHAN VERJEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jennifer WipfJENNIFER WIPF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Carolina AlarcoCAROLINA ALARCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jacob BecraftJACOB BECRAFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Sharon CunnighamSHARON CUNNIGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Brian FoardBRIAN FOARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Natacha GassenbachNATACHA GASSENBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Marie-Louise Hovgaard-SveenMARIE-LOUISE HOVGAARD-SVEEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Emma LeesEMMA LEES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Evan LippmanEVAN LIPPMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jason M CordeiroJASON M CORDEIRO
COIO
- Total calculated
- $248,086
- From this org
- $225,269
- From related orgs
- $0
- Other
- $22,817
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,269
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,817
- Filer's total
- $248,086
-
Kevin KellyKEVIN KELLY
CFO
- Total calculated
- $191,007
- From this org
- $168,123
- From related orgs
- $0
- Other
- $22,884
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $168,123
- Bonus
- $0
- Other
- $0
- Deferred
- $10,431
- Nontaxable benefits
- $12,453
- Filer's total
- $191,007
-
Edward CoppingerEDWARD COPPINGER
HEAD OF GOVERNMENT AFFAIRS
- Total calculated
- $262,936
- From this org
- $231,329
- From related orgs
- $0
- Other
- $31,607
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $231,329
- Bonus
- $0
- Other
- $0
- Deferred
- $15,451
- Nontaxable benefits
- $16,156
- Filer's total
- $262,936
-
Zachary StanleyZACHARY STANLEY
EXECUTIVE DIRECTOR BIOVERSITY
- Total calculated
- $197,861
- From this org
- $177,323
- From related orgs
- $0
- Other
- $20,538
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,323
- Bonus
- $0
- Other
- $0
- Deferred
- $5,102
- Nontaxable benefits
- $15,436
- Filer's total
- $197,861
-
Benjamin BradfordBENJAMIN BRADFORD
HEAD OF EXTERNAL AFFAIRS
- Total calculated
- $193,536
- From this org
- $169,259
- From related orgs
- $0
- Other
- $24,277
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,259
- Bonus
- $0
- Other
- $0
- Deferred
- $9,163
- Nontaxable benefits
- $15,114
- Filer's total
- $193,536
-
Laura HamiltonLAURA HAMILTON
CHIEF BUSINESS OFFICER
- Total calculated
- $188,540
- From this org
- $171,592
- From related orgs
- $0
- Other
- $16,948
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,592
- Bonus
- $0
- Other
- $0
- Deferred
- $8,750
- Nontaxable benefits
- $8,198
- Filer's total
- $188,540
-
Matthew KoonsMATTHEW KOONS
SR. VP OF MEMBER ENGAGEMENT
- Total calculated
- $188,359
- From this org
- $165,189
- From related orgs
- $0
- Other
- $23,170
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,189
- Bonus
- $0
- Other
- $0
- Deferred
- $10,096
- Nontaxable benefits
- $13,074
- Filer's total
- $188,359
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 · Compensation committee
- 3 · Written employment contract
- 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
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
-
IN SUPPORT OF MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, INC. MISSION
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.
-
MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION INC
501(C)(3) · TO ENCOURAGE GROWTH OF BIOTECHNOLOGY EDUCATION IN MASSACHUSETTS SCHOOLS. · MA
-
501(C)(3) · TO ENCOURAGE GROWTH OF BIOTECHNOLOGY EDUCATION IN MASSACHUSETTS SCHOOLS. · MA · controlled entity
Directly controlled by MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349303429
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