Civic Intelligence

Mount Desert Island Biological Laboratory

990 • Fiscal year 2018 • EIN 01-0202467

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

PO Box 35Salisbury Cove, ME 04672-0035

(207) 288-3605

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.20x

Higher debt load relative to assets than 44% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.51x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

13th percentile

-10%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

89th percentile

$703,536

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

17th percentile

-5.1%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

26th percentile

-2.7%

Faster revenue growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Down

$29,692,163

Down $1,606,995 (-5.1%) from 2017

Net Assets

Down

$23,804,160

Down $1,969,370 (-7.6%) from 2017

Liabilities

Up

$5,888,003

Up $362,375 (+6.6%) from 2017

Revenue

Down

$11,468,367

Down $312,790 (-2.7%) from 2017

Expenses

Up

$12,631,067

Up $424,831 (+3.5%) from 2017

Net Income

Down

-$1,162,700

Down $737,621 (-174%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $24,207,507Liabilities 2010: $6,271,607Net Assets 2010: $17,935,9002010Assets 2011: $26,326,891Liabilities 2011: $5,840,193Net Assets 2011: $20,486,6982011Assets 2012: $27,641,725Liabilities 2012: $5,510,806Net Assets 2012: $22,130,9192012Assets 2013: $27,323,685Liabilities 2013: $5,665,785Net Assets 2013: $21,657,9002013Assets 2014: $29,607,771Liabilities 2014: $5,917,674Net Assets 2014: $23,690,0972014Assets 2015: $29,707,576Liabilities 2015: $5,918,131Net Assets 2015: $23,789,4452015Assets 2016: $31,225,303Liabilities 2016: $5,833,622Net Assets 2016: $25,391,6812016Assets 2017: $31,299,158Liabilities 2017: $5,525,628Net Assets 2017: $25,773,5302017Assets 2018: $29,692,163Liabilities 2018: $5,888,003Net Assets 2018: $23,804,1602018Assets 2019: $28,893,766Liabilities 2019: $5,598,521Net Assets 2019: $23,295,2452019Assets 2020: $29,890,717Liabilities 2020: $5,842,486Net Assets 2020: $24,048,2312020Assets 2021: $34,360,356Liabilities 2021: $5,375,481Net Assets 2021: $28,984,8752021Assets 2022: $30,472,418Liabilities 2022: $5,692,786Net Assets 2022: $24,779,6322022Assets 2023: $28,821,400Liabilities 2023: $5,632,000Net Assets 2023: $23,189,4002023Assets 2024: $30,739,826Liabilities 2024: $5,152,465Net Assets 2024: $25,587,3612024

Highlighted filing

2018

Assets$29,692,163
Liabilities$5,888,003
Net Assets$23,804,160

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $9,607,7572010Revenue 2011: $13,209,918Expenses 2011: $10,186,429Net Income 2011: $3,023,4892011Revenue 2012: $11,407,051Expenses 2012: $9,800,645Net Income 2012: $1,606,4062012Revenue 2013: $10,165,601Expenses 2013: $10,615,266Net Income 2013: -$449,6652013Revenue 2014: $12,967,968Expenses 2014: $10,831,421Net Income 2014: $2,136,5472014Revenue 2015: $12,422,958Expenses 2015: $11,863,486Net Income 2015: $559,4722015Revenue 2016: $12,769,377Expenses 2016: $11,741,518Net Income 2016: $1,027,8592016Revenue 2017: $11,781,157Expenses 2017: $12,206,236Net Income 2017: -$425,0792017Revenue 2018: $11,468,367Expenses 2018: $12,631,067Net Income 2018: -$1,162,7002018Revenue 2019: $10,449,045Expenses 2019: $11,832,404Net Income 2019: -$1,383,3592019Revenue 2020: $11,246,623Expenses 2020: $11,298,804Net Income 2020: -$52,1812020Revenue 2021: $21,825,438Expenses 2021: $13,695,727Net Income 2021: $8,129,7112021Revenue 2022: $11,998,788Expenses 2022: $15,253,796Net Income 2022: -$3,255,0082022Revenue 2023: $14,061,771Expenses 2023: $16,846,072Net Income 2023: -$2,784,3012023Revenue 2024: $20,469,754Expenses 2024: $18,297,074Net Income 2024: $2,172,6802024

Highlighted filing

2018

Revenue$11,468,367
Expenses$12,631,067
Net Income-$1,162,700
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$12,136,232
Mission and Program Overview

Mission

The mdi biological laboratory is a rapidly growing, independent non-profit biomedical research institution. Its mission is to improve human health and well-being through research, education,and development ventures that transform discoveries into cures.

The mdi biological laboratory's mission is to improve human health through basic research, education and development ventures that transform discoveries into cures. Our work is primarily focused on enhancing our our natural ability to repair the cellular damage that occurs as we age, and on providing hands-on research training to the next generation of scientists, physicians, teachers and entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,314,387$13,266,957▼ $1,047,430
Investments in Publicly Traded Securities$6,209,902$6,573,404▲ $363,502
Savings and Temporary Cash Investments$5,946,644$4,832,443▼ $1,114,201
Cash and Non-Interest-Bearing Accounts$3,319,307$3,013,515▼ $305,792
Pledges and Grants Receivable$1,414,825$1,898,909▲ $484,084
Accounts Receivable$94,093$106,935▲ $12,842
Total Assets$31,299,158$29,692,163▼ $1,606,995
Liabilities
Tax Exempt Bond Liabilities$4,175,000$4,045,000▼ $130,000
Accounts Payable and Accrued Expenses$666,105$1,218,982▲ $552,877
Deferred Revenue$798,519$733,089▼ $65,430
Other Liabilities$-113,996$-109,068▲ $4,928
Total Liabilities$5,525,628$5,888,003▲ $362,375
Net Assets / Fund Balance
Unrestricted Net Assets$12,935,553$17,136,496▲ $4,200,943
Permanently Rstr Net Assets$4,455,994$4,462,964▲ $6,970
Temporarily Rstr Net Assets$8,381,983$2,204,700▼ $6,177,283
Total Net Assets Fund Balance$25,773,530$23,804,160▼ $1,969,370
Total Liabilities and Net Assets / Fund Balance$31,299,158$29,692,163▼ $1,606,995

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,541,497$8,532,704$20,074,201
Equipment$1,067,188$7,181,484$8,248,672
Other Land Buildings$541,402$53,434$594,836
Land$116,870-$116,870

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$13,083,073$861,106▼ $79,534$1,527,716$12,197,712
2017$12,771,117$407,267▲ $1,000,589$941,759$13,083,073
2016$12,757,797$461,072▲ $505,175$819,732$12,771,117
2015$11,785,256$2,057,891▲ $87,731$1,032,345$12,757,797
2014$10,073,484$1,619,540▲ $854,453$662,263$11,785,256
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Kevin StrangePresident-$290,596$412,940$703,536
Dr Joel H GraberSr. Staff ScFT$133,339$18,163$151,502
Dr Joel H GraberSr. Staff Scientist-$133,339$18,163$151,502
Dr Samyeol BaekAssistant PrFT$105,682$16,625$122,307
Dr James a CoffmanAssociate PrFT$108,211$12,448$120,659
Ms Claudine D LurveyDirector ofFT$110,698$9,819$120,517
Ms Judith C SprouleDirector StrategFT$111,585$8,927$120,512
Revenue and Support

Revenue Composition

Contributions and Grants
$9,451,583
Program Service Revenue
$1,286,008
Investment Income
$722,090
Other Revenue
$8,686
All Other Contributions
$2,098,460
Change in Net Assets
$-1,162,700

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$53,831Fair Market Value
Total Noncash Contributions5$53,831-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,467,140
Revenue Not Reported on Financial Statements
$1,227
Revenue Not Reported on Form 990
$-806,670
Total Revenue per Audited Statements
$10,660,470
Total Revenue per Form 990
$11,468,367
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,997,132
Salaries, Compensation, and Employee Benefits$5,438,337
Total Fundraising Expense$404,578
Grants and Similar Amounts Paid$195,598
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,922,996$1,353,174$219,632$4,495,802
Depreciation Depletion$1,133,792$108,779$19,727$1,262,298
Fees for Services Other$438,597$53,895$29,637$522,129
Occupancy$401,859$35,337$11,979$449,175
Other Employee Benefits$257,852$106,717$24,064$388,633
Payroll Taxes$224,708$101,038$16,098$341,844
Conferences and Meetings$236,641$51,612$18,428$306,681
Travel$188,326$44,583$10,514$243,423
Interest$224,196$9,342-$233,538
Pension Plan Contributions$157,766$45,395$8,897$212,058
Information Technology$56,181$114,391$870$171,442
Grants to Domestic Individuals$169,003--$169,003
Insurance$19,056$112,919$1,234$133,209
Office Expenses$24,740$84,319$20,070$129,129
Fees for Services Legal$7,096$82,340-$89,436
Other Expenses$24,592$36,167$14,344$75,103
Fees for Services Accounting-$26,090-$26,090
Grants to Domestic Orgs$19,595--$19,595
Foreign Grants$7,000--$7,000
Advertising$3,000$1,585$90$4,675
Fees for Services Lobbying-$2,116-$2,116
Fees for Service Investment Mgmnt Fees-$1,227-$1,227
Total Functional Expenses$9,830,429$2,396,060$404,578$12,631,067

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,631,067
Expenses per Audited Statements$12,629,840
Total Expenses per Audited Statements$12,629,840
Expenses Not Reported on Financial Statements$1,227
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of MaineOrono, ME-Travel Awards$14,095

International Summary

Spending
$25,070

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesResearch--$25,070
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hermann HallerContractSee Below.No$140,165
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuities$6,519
Bond Issuance Costs (net of Amortiz)$-115,587

Bond Issues

BondIssuerIssuedIssue PricePurpose
AFinance Authority of Maine2009-10-01$5,000,000FINANCE CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$130,000-

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

There are 229 members of the corporation. 165 are full members with voting power.

Form 990, Page 6, Part VI, Line 7A

The nomination committee shall present its nominees for election to the members of the corporation at the annual meeting. Election of the slate shall be by majority vote of the members of the corporation.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by senior management, chairs of the governance committee, and made available for full board review prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board of trustees are asked to review the conflict of interest policy and disclose any potential conflicts annually.the organization monitors the conflict of interest issues for scientists at the time of hire as well as for scientists and other key people on nih grants at key times during individiual grant cycles. The chairman of the board has charged the governance committee with reviewing the written policy on an annual basis and ensuring that each member of the board reads and signs the policy annually. Time is set aside at one board meeting per year to discuss potential conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The institution uses comparability data from other non-profits in the area and in same field of scientific research.

Form 990, Page 6, Part VI, Line 15B

The institution uses comparability data from other non-profits in the area and in same field of scientific research.

Form 990, Page 6, Part VI, Line 19

The institution makes its governing documents and financial statements available in pdf format on its website. The conflict of interest statement is available by request. Form 990 is also available on guidestar.com

Filing and Contact Details

Filer

Filer Name
Mount Desert Island Biological
EIN
01-0202467
Phone
2072883605
Address
PO BOX 35, SALISBURY COVE, ME 04672-0035

Signing Officer

Name
Dr Thomas a Boyd
Title
Treasurer
Phone
0207288360
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Hermann Haller
Formed
1898
Legal Domicile
Me
Voting Board Members
23
Independent Board Members
22
Employees
88
Volunteers
40

Preparer

Firm
Hmv LLC
Address
PO BOX 543, ELLSWORTH, ME 04605
Preparer
Annette Gould
Phone
2076675529
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Research mdi biological laboratory scientists are pioneering new approaches to regenerative medicine focused on understanding the biology of regeneration and aging, as well as developing therapies that activate the body's natural ability to heal and slow age-related degenerative changes. The highlights of the institution's 2018 achievements included: mdi biological laboratory named herman haller, md as president. Dr. Haller, an internationally recognized leader in kidney disease, hypertension and kidney and bloood vessel regeneration, is also a full professor and chairman of the division of nephrology at hannover medical school in germany. Established the william procter scientific innovation fund to honor the legacy of william procter, a businessman, entrepreneur and scientist, and to support scientific research and education programs at the mdi biological laboratory focused on translating scientific discoveries into commmercial application. Announced the formation of the morris scientific discovery fund, providing a total of 500,000 to support aging and regneration research at the mdi biological laboratory. Continued to advance scientific discovery in the fields of aging, heart regeneration, nerve regeneration and wound healing through the publication of peer-reviewed research findings in prestigious scientific journals. Received an 11 million national institutes of health (nih) center of biomedical research excellence award to support the continued growth and development of scientists working in the kathryn w. Davis center for regenerative biology and medicine.

Form 990, Page 2, Part III, Line 4B

Education the mdi biological laboratory provides hands-on biomedical training to hundreds of students and professionals from around the world each year. The mdi biological laboratory leads a statewide biomedical research and training network made up of 13 education and research institutions throughout maine. The network prepares students for 21st century careers and equips faculty with the skills and resources to expand research capacity statewide. The highlights of the institution's 2018 achievements include: received a 70,000 gift to launch a one-week intensive international course for the study of emerging organoid technology. Organoids provide a platform for the study of tissue-specific diseases and for predicting an individual patient's responsiveness to a specific drug or combination of drugs. Continued to offer more than 30 courses serving more than 600 students from around the world and representing all levels of education, from high school students to science and medical professionals. Sponsored a three-part public lecture series, "live longer, live better", delivered by the nation's leading scientists in the field of aging research. Received a 100,000 sponsorship from life biosciences to fund the annual biomedical innovation course on aging at the mdi biological laboratory. Received a 1.2 million five-year science education partnership award (sepa) to promote data literacy to students and teachers. Continued a highly regarded series of outreach activities, including family science night and mdi science cafes, to engage the public in the institution's research and education programs and to promote scientific literacy.

Financial Statement Notes

Schedule D, Page 3, Part X

The institution regularly reviews and evaluates its tax position in previously filed information returns and as is reflected in its financial statements with regard to issues affecting its tax exempt status, unrelated business income and related matters. The institution believes that in the event of an examination by taxing authorities, its position would prevail based upon technical merit of such positions. Therefore, the institution has concluded that no tax benefits or liablities are required to be recognized. The institution's tax returns are subject to federal and state review by taxing authorities for fiscal years ended december 31,2018, 2017 and 2016. The institution is subject to federal and state payroll taxes and is required to file appropriate tax returns. Management believes that all required returns have been properly filed as of december 31, 2018. No examinations have been conducted by the federal or state taxing authorities and no correspondence has been received from these authorities.

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IRS990/Desc0RESEARCH MDI BIOLOGICAL LABORATORY SCIENTISTS ARE PIONEERING NEW APPROACHES TO REGENERATIVE MEDICINE FOCUSED ON UNDERSTANDING THE BIOLOGY OF REGENERATION AND AGING, AS WELL AS DEVELOPING THERAPIES THAT ACTIVATE THE BODY'S NATURAL ABILITY TO HEAL AND SLOW AGE-RELATED DEGENERATIVE CHANGES. THE HIGHLIGHTS OF THE INSTITUTION'S 2018 ACHIEVEMENTS INCLUDED: MDI BIOLOGICAL LABORATORY NAMED HERMAN HALLER, MD AS PRESIDENT. DR. HALLER, AN INTERNATIONALLY RECOGNIZED LEADER IN KIDNEY DISEASE, HYPERTENSION AND KIDNEY AND BLOOOD VESSEL REGENERATION, IS ALSO A FULL PROFESSOR AND CHAIRMAN OF THE DIVISION OF NEPHROLOGY AT HANNOVER MEDICAL SCHOOL IN GERMANY. ESTABLISHED THE WILLIAM PROCTER SCIENTIFIC INNOVATION FUND TO HONOR THE LEGACY OF WILLIAM PROCTER, A BUSINESSMAN, ENTREPRENEUR AND SCIENTIST, AND TO SUPPORT SCIENTIFIC RESEARCH AND EDUCATION PROGRAMS AT THE MDI BIOLOGICAL LABORATORY FOCUSED ON TRANSLATING SCIENTIFIC DISCOVERIES INTO COMMMERCIAL APPLICATION. ANNOUNCED THE FORMATION OF THE MORRIS SCIENTIFIC DISCOVERY FUND, PROVIDING A TOTAL OF 500,000 TO SUPPORT AGING AND REGNERATION RESEARCH AT THE MDI BIOLOGICAL LABORATORY. CONTINUED TO ADVANCE SCIENTIFIC DISCOVERY IN THE FIELDS OF AGING, HEART REGENERATION, NERVE REGENERATION AND WOUND HEALING THROUGH THE PUBLICATION OF PEER-REVIEWED RESEARCH FINDINGS IN PRESTIGIOUS SCIENTIFIC JOURNALS. RECEIVED AN 11 MILLION NATIONAL INSTITUTES OF HEALTH (NIH) CENTER OF BIOMEDICAL RESEARCH EXCELLENCE AWARD TO SUPPORT THE CONTINUED GROWTH AND DEVELOPMENT OF SCIENTISTS WORKING IN THE KATHRYN W. DAVIS CENTER FOR REGENERATIVE BIOLOGY AND MEDICINE.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$5.15$25.6$20.5$18.3$2.17
2023Detailed filing. Detailed filing data is available for this year.$28.8$5.63$23.2$14.1$16.8$2.78
2022Detailed filing. Detailed filing data is available for this year.$30.5$5.69$24.8$12.0$15.3$3.26
2021Detailed filing. Detailed filing data is available for this year.$34.4$5.38$29.0$21.8$13.7$8.13
2020Detailed filing. Detailed filing data is available for this year.$29.9$5.84$24.0$11.2$11.3$0.05
2019Detailed filing. Detailed filing data is available for this year.$28.9$5.60$23.3$10.4$11.8$1.38
2018Detailed filing. Detailed filing data is available for this year.$29.7$5.89$23.8$11.5$12.6$1.16
2017Detailed filing. Detailed filing data is available for this year.$31.3$5.53$25.8$11.8$12.2$0.43
2016Detailed filing. Detailed filing data is available for this year.$31.2$5.83$25.4$12.8$11.7$1.03
2015Detailed filing. Detailed filing data is available for this year.$29.7$5.92$23.8$12.4$11.9$0.56
2014Detailed filing. Detailed filing data is available for this year.$29.6$5.92$23.7$13.0$10.8$2.14
2013Detailed filing. Detailed filing data is available for this year.$27.3$5.67$21.7$10.2$10.6$0.45
2012Summary only. Only limited summary data is available for this year.$27.6$5.51$22.1$11.4$9.80$1.61
2011Summary only. Only limited summary data is available for this year.$26.3$5.84$20.5$13.2$10.2$3.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.2$6.27$17.9$9.61
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $25M-$50M nonprofits