Totals
- Total revenue
- $1,231,693
- Total expenses
- $1,206,990
- Contributions and grants received
- $1,134,115
- Grants paid
- $0
- Program service revenue
- $90,900
- Investment income
- $0
- Other revenue
- $6,678
- Total assets, end of year
- $853,872
- Total liabilities, end of year
- $315,593
- Net assets or fund balances, end of year
- $538,279
- Program services expenses (Part IX)
- $893,362
- Management and general expenses
- $313,628
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $893,362
Program services were 74.0% 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
$103,820
-
1e · Government grants (contributions)
$738,397
-
1f · All other contributions, gifts and grants
$291,898
-
1g · Noncash contributions included above
$6,250
-
2a · Program service revenue: ATTENDANCE FEES
total $53,400 · related or exempt $53,400
-
2b · Program service revenue: SPONSORSHIP FEES
total $37,500 · related or exempt $37,500
-
8a · Fundraising events: gross income
$53,400
-
8a · Fundraising events: contributions included on line 1c
$103,820
-
8b · Fundraising events: direct expenses
$46,722
-
8c · Net income from fundraising events
total $6,678 · excluded $6,678
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $561,321 · program services $358,738 · management and general $202,583
-
9 · Other employee benefits
total $64,025 · program services $40,918 · management and general $23,107
-
10 · Payroll taxes
total $32,303 · program services $20,645 · management and general $11,658
-
11b · Fees: legal
total $1,963 · management and general $1,963
-
11c · Fees: accounting
total $10,000 · management and general $10,000
-
11g · Fees: other
total $5,089 · program services $5,089
-
12 · Advertising and promotion
total $12,653 · program services $11,884 · management and general $769
-
13 · Office expenses
total $3,186 · program services $1 · management and general $3,185
-
14 · Information technology
total $29,402 · program services $18,790 · management and general $10,612
-
16 · Occupancy
total $422,379 · program services $399,479 · management and general $22,900
-
17 · Travel
total $1,354 · management and general $1,354
-
19 · Conferences, conventions and meetings
total $588 · management and general $588
-
22 · Depreciation, depletion and amortization
total $59,176 · program services $37,818 · management and general $21,358
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $3,175 · management and general $3,175
-
24b · Other expenses: MEALS & ENTERTAINMENT
total $376 · management and general $376
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $362,095 · end of year $371,299
-
4 · Accounts receivable
beginning of year $42,000 · end of year $55,611
-
9 · Prepaid expenses and deferred charges
beginning of year $37,971
-
10a · Land, buildings and equipment: cost or other basis
$486,138
-
10b · Land, buildings and equipment: accumulated depreciation
$59,176
-
10c · Land, buildings and equipment, net
beginning of year $63,886 · end of year $426,962
-
15 · Other assets
beginning of year $14,815 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $7,191 · end of year $25,666
-
25 · Other liabilities
beginning of year $0 · end of year $289,927
-
27 · Net assets without donor restrictions
beginning of year $513,576 · end of year $338,279
-
28 · Net assets with donor restrictions
end of year $200,000
Mission and programs · 2024
Mission
BIOVERSITY, INC. WAS FORMED TO IMPLEMENT INDUSTRY-ALIGNED, EXPANDED WORKFORCE TRAINING INITIATIVES. BIOVERSITY OPERATES TRAINING CENTERS, RUNS PROGRAMMING, AND CREATES PARTNERSHIPS TO PROVIDE MASSACHUSETTS RESIDENTS THE SKILLS AND HANDS-ON EXPERIENCE NECESSARY TO ENTER AND THRIVE IN LIFE SCIENCES CAREERS.
-
BIOVERSITY IS A WORKFORCE DEVELOPMENT PROGRAM FOR THE BIO-SCIENCES. WHILE THE ENTITY WAS ESTABLISHED IN 2023, CLASSES DID NOT COMMENCE UNTIL 2024.
Expenses $893,362 · Revenue $90,900
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kendalle Lee Burlin O'ConnellKENDALLE LEE BURLIN O'CONNELL
BOARD CHAIR
- 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
-
Kevin KellyKEVIN KELLY
CHIEF FINANCIAL OFFICER
- Total calculated
- $191,007
- From this org
- $0
- From related orgs
- $168,123
- Other
- $22,884
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $168,123 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,431 related
- Nontaxable benefits
- $0 + $12,453 related
- Filer's total
- $0 + $191,007 related
-
Alan KoderALAN KODER
CLERK
- Total calculated
- $0
- Hours/week
- 1
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
None.
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
The filer's explanations (Part III)
- PART I, LINE 3
- ALL COMPENSATION IS PAID BY RELATED ORGANIZATION MASSACHUSETTS BIOTECHNOLOGY COUNCIL (MASSBIO). PRESIDENT COMPENSATION: THE EXECUTIVE COMMITTEE OF THE MASSBIO BOARD EMPLOYED AN EXECUTIVE COMPENSATION CONSULTANT IN 2019 TO EVALUATE MASSBIO CEO COMPENSATION AND TO RECOMMEND CHANGES BASED ON THEIR WORK. THAT STUDY RECOMMENDED CERTAIN CHANGES TO CEO COMPENSATION BASED ON COMPARABLE ORGANIZATIONS' COMPENSATION PRACTICES. MASSBIO ADOPTED THE RECOMMENDED CHANGES FOR 2019 AND 2020.
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
No itemized grants to organizations on this return.
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 COUNCIL INC
501(C)(6) · PERMITTING AND FOSTERING POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY · MA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513189349303426
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