Form 990 for tax year 2023
Filed by BIOTECHNOLOGY ASSOCIATION OF MAINE.
Totals
- Total revenue
- $677,614
- Total expenses
- $606,228
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $611,879
- Investment income
- $65,735
- Other revenue
- $0
- Total assets, end of year
- $1,590,602
- Total liabilities, end of year
- $60,143
- Net assets or fund balances, end of year
- $1,530,459
- 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.
-
2a · Program service revenue: Business Solutions Pro
total $396,741 · related or exempt $396,741
-
2b · Program service revenue: Sponsorships/Conferenc
total $107,550 · related or exempt $107,550
-
2c · Program service revenue: Membership Dues & Asse
total $88,000 · related or exempt $88,000
-
2d · Program service revenue: Grant income
total $12,000 · related or exempt $12,000
-
2e · Program service revenue: Event registrations
total $6,857 · related or exempt $6,857
-
2f · All other program service revenue
total $731 · related or exempt $731
-
3 · Investment income
total $28,708 · excluded $28,708
-
7a · Gross sales of assets other than inventory
securities $758,707
-
7b · Less cost or other basis and sales expenses
securities $721,680
-
7c · Gain or loss
securities $37,027
-
7d · Net gain or loss
total $37,027 · excluded $37,027
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $89,152
-
7 · Other salaries and wages
total $119,881
-
9 · Other employee benefits
total $23,335
-
10 · Payroll taxes
total $18,228
-
11f · Fees: investment management
total $8,625
-
11g · Fees: other
total $13,840
-
16 · Occupancy
total $31,365
-
19 · Conferences, conventions and meetings
total $15,045
-
20 · Interest
total $8
-
22 · Depreciation, depletion and amortization
total $994
-
23 · Insurance
total $1,551
-
24a · Other expenses: Direct Scholarships/Gra
total $108,824
-
24b · Other expenses: Direct Event Costs
total $75,909
-
24c · Other expenses: Marketing & promotion
total $42,613
-
24d · Other expenses: Advocacy Program
total $25,456
-
24e · All other expenses
total $31,402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $660,106 · end of year $448,641
-
4 · Accounts receivable
end of year $18,100
-
10a · Land, buildings and equipment: cost or other basis
$17,645
-
10b · Land, buildings and equipment: accumulated depreciation
$6,497
-
10c · Land, buildings and equipment, net
beginning of year $6,107 · end of year $11,148
-
12 · Investments: other securities
beginning of year $810,604 · end of year $1,107,713
-
15 · Other assets
beginning of year $5,000 · end of year $5,000
-
25 · Other liabilities
beginning of year $22,744 · end of year $60,143
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $1,459,073 · end of year $1,530,459
Mission and programs · 2023
Mission
The Bioscience Association of Maine (BAM) is a trade organization which promotes the industry's steady growth and interprets its benefits to the public.
-
Provide a forum for companies and nonprofit entities to network and exchange ideas to foster the development of the biosciences.
-
Serve as a source of education/information to enhance public visibility and recognition of the sector's important economic contributions.
-
Facilitate the formation and growth of bioscience enterprises in Maine.
As filed on the 2023 return.
Listed in Part VII
-
Zeynep Turk
President
- Total calculated
- $0
- Hours/week
- 1.25
-
David Eagleson
Treasurer
- Total calculated
- $0
- Hours/week
- 1.25
-
Tony Perkins
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Dennis Leiner
Vice President
- Total calculated
- $0
- Hours/week
- 1.25
-
Gary Goodrich
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Casey Doucette
Secretary
- Total calculated
- $0
- Hours/week
- 1.25
-
Anne Breggia
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Fran Harrison
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Kristy Townsend
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Agnieszka Carpenter
Executive Dir.
- Total calculated
- $89,152
- From this org
- $89,152
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Patrick Breeding
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Stephen Pelsue
Director
- Total calculated
- $0
- Hours/week
- 1.25
-
Bethany Fortier
Director
- Total calculated
- $0
- Hours/week
- 1.25
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412959349301921
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