Totals
- Total revenue
- $521,229
- Total expenses
- $1,878,601
- Contributions and grants received
- $924,333
- Grants paid
- $60,630
- Program service revenue
- $0
- Investment income
- -$403,104
- Other revenue
- $0
- Total assets, end of year
- $1,118,396
- Total liabilities, end of year
- $430,558
- Net assets or fund balances, end of year
- $687,838
- Program services expenses (Part IX)
- $967,787
- Management and general expenses
- $434,282
- Fundraising expenses
- $476,532
- Program service expenses (Part III)
- $967,787
Program services were 51.5% 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.
-
1f · All other contributions, gifts and grants
$924,333
-
3 · Investment income
total $45,863 · excluded $45,863
-
7a · Gross sales of assets other than inventory
securities $765,157
-
7b · Less cost or other basis and sales expenses
securities $1,214,124
-
7c · Gain or loss
securities -$448,967
-
7d · Net gain or loss
total -$448,967 · excluded -$448,967
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $60,630 · program services $60,630
-
5 · Compensation of officers, directors and key employees
total $318,132 · program services $104,300 · management and general $107,522 · fundraising $106,310
-
7 · Other salaries and wages
total $472,920 · program services $282,999 · management and general $28,943 · fundraising $160,978
-
8 · Pension plan contributions
total $23,955 · program services $13,816 · management and general $3,210 · fundraising $6,929
-
9 · Other employee benefits
total $65,294 · program services $34,883 · management and general $7,330 · fundraising $23,081
-
10 · Payroll taxes
total $55,961 · program services $28,934 · management and general $9,010 · fundraising $18,017
-
11b · Fees: legal
total $12,250 · management and general $12,250
-
11c · Fees: accounting
total $50,325 · management and general $50,325
-
11e · Fees: professional fundraising services
total $79,246 · fundraising $79,246
-
11g · Fees: other
total $155,944 · program services $17,926 · management and general $133,026 · fundraising $4,992
-
13 · Office expenses
total $17,630 · management and general $17,630
-
14 · Information technology
total $18,472 · program services $1,516 · management and general $12,456 · fundraising $4,500
-
16 · Occupancy
total $133,120 · program services $66,560 · management and general $19,968 · fundraising $46,592
-
19 · Conferences, conventions and meetings
total $127,060 · program services $89,252 · management and general $22,071 · fundraising $15,737
-
22 · Depreciation, depletion and amortization
total $5,340 · management and general $5,340
-
23 · Insurance
total $3,501 · management and general $3,501
-
24a · Other expenses: TERMEER FELLOWS EXPENSE
total $259,993 · program services $248,143 · management and general $1,700 · fundraising $10,150
-
24b · Other expenses: TERMEER SCHOLAR EXPENSE
total $12,272 · program services $12,272
-
24c · Other expenses: OTHER PROGRAM INITIATIV
total $6,500 · program services $6,500
-
24d · Other expenses: TERMEER STUDENTS EXPENS
total $56 · program services $56
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $180,422 · end of year $121,653
-
2 · Savings and temporary cash investments
beginning of year $676,277 · end of year $595,397
-
4 · Accounts receivable
beginning of year $11,700 · end of year $5,000
-
10a · Land, buildings and equipment: cost or other basis
$2,521
-
10b · Land, buildings and equipment: accumulated depreciation
$1,960
-
10c · Land, buildings and equipment, net
beginning of year $1,401 · end of year $561
-
11 · Investments: publicly traded securities
beginning of year $883,566
-
14 · Intangible assets
beginning of year $20,000 · end of year $25,500
-
15 · Other assets
beginning of year $23,093 · end of year $370,285
-
17 · Accounts payable and accrued expenses
beginning of year $81,807 · end of year $68,629
-
25 · Other liabilities
beginning of year $0 · end of year $361,929
-
27 · Net assets without donor restrictions
beginning of year $1,714,652 · end of year $687,838
Mission and programs · 2023
Mission
BUILDING ON THE BOLD LEGACY OF HENRI TERMEER TO IDENTIFY AND EMPOWER PEOPLE WHO CAN BRING LIFE-CHANGING TREATMENTS TO PATIENTS.
Activities or mission (Part I)
THE ORGANIZATION WAS ESTABLISHED TO CONTINUE THE WORK OF THE LATE HENRI TERMEER. THE ORGANIZATION WILL PROVIDE A FORUM FOR BIOTECHNOLOGY LEADERS WHO, LIKE HENRI, WISH TO VOLUNTEER TO EDUCATE AND MENTOR YOUNGER AND ASPIRING BIOTECHNOLOGY ENTREPRENEURS, TO GIVE THEM THE TOOLS THEY NEED TO DEVELOP CAREERS IN CUTTING-EDGE SCIENCE AND PATIENT CARE, WHICH IN TURN WILL CREATE OPPORTUNITIES FOR SCIENTIFIC ADVANCEMENTS TO ADDRESS IMPORTANT UNMET AND CRITICAL MEDICAL NEEDS. IN ADDITION, THROUGH THE LEADERSHIP AND VOLUNTEERISM OF THESE MENTORS, THE ORGANIZATION WILL FOSTER SCIENTIFIC AND MEDICAL COLLABORATION, AND SUPPORT OPPORTUNITIES FOR INTERDISCIPLINARY RESEARCH TO ADVANCE INNOVATION IN SCIENCE AND MEDICINE.
-
THE TERMEER FOUNDATION IS A NONPROFIT ORGANIZATION WORKING TO VIBRANTLY CONNECT THE WORLD OF HEALTHCARE INNOVATORS UNTIL EVERY PATIENT HAS A CURE. IN 2023, THE TERMEER FOUNDATION TEAM CONTINUED TO BUILD ITS VALUES-BASED LEADERSHIP MODEL, DELIVERING 75 HOURS OF LEADERSHIP PROGRAMMING, 16 TRAINING SESSIONS (11 VIRTUAL AND 5 IN-PERSON), 8 MENTOR-LED PANELS AND DISCUSSIONS, 10 IN-PERSON NETWORK BUILDING EVENTS, CREATING 200+ MENTORING CONNECTIONS AND 56 HOURS OF COACHING. THE FOUNDATION INDUCTED 13 NEW FELLOWS, INCLUDING ONE TRANSATLANTIC CONNECTIONS AWARD HONOREE, FOR A TOTAL OF 46 FELLOWS, AND AWARDED THE SECOND ANNUAL TERMEER SCHOLARS GRANT. THE FOUNDATION CONTINUED SUPPORT OF THE TERMEER STUDENTS PROGRAM INCLUDING THE HENRI A. TERMEER EDUCATOR GRANT AWARD, HENRI A. TERMEER STUDENT SCHOLARSHIP AWARD AT MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, AS WELL AS SUPPORT OF LIFE SCIENCE CARES, SCIENCE CLUB FOR GIRLS AND BIOMEDICAL SCIENCE CAREER PROGRAM AT HARVARD MEDICAL SCHOOL.
Expenses $967,787 · Grants $60,630
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Belinda TermeerBELINDA TERMEER
PRESIDENT & CLERK
- Total calculated
- $0
- Hours/week
- 0.5
-
Alan WaltsALAN WALTS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Gail MaderisGAIL MADERIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John MaraganoreJOHN MARAGANORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joan ReedeJOAN REEDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Paul HastingsPAUL HASTINGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Alice PomponioALICE POMPONIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Catharine SmithCATHARINE SMITH
EXECUTIVE DIRECTOR
- Total calculated
- $306,399
- From this org
- $279,963
- From related orgs
- $0
- Other
- $26,436
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,963
- Bonus
- $0
- Other
- $0
- Deferred
- $15,046
- Nontaxable benefits
- $11,390
- Filer's total
- $306,399
-
Christine ColeCHRISTINE COLE
SENIOR DIRECTOR, PHILANTHROPY AND PARTNERSHIPS
- Total calculated
- $175,337
- From this org
- $148,055
- From related orgs
- $0
- Other
- $27,282
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,055
- Bonus
- $0
- Other
- $0
- Deferred
- $8,322
- Nontaxable benefits
- $18,960
- Filer's total
- $175,337
-
Erica Mawby-RocheERICA MAWBY-ROCHE
SENIOR DIRECTOR OF PROGRAMS
- Total calculated
- $182,667
- From this org
- $155,325
- From related orgs
- $0
- Other
- $27,342
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,325
- Bonus
- $0
- Other
- $0
- Deferred
- $9,321
- Nontaxable benefits
- $18,021
- Filer's total
- $182,667
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 · 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
- 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
-
$25,000
TERMEER SCHOLAR AWARD
-
$10,630
TERMEER SCHOLAR AWARD
-
TERMEER SCHOLAR AWARD
-
$10,000
TERMEER SCHOLAR AWARD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431369349303488
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