Civic Intelligence

Mount Desert Island Biological Laboratory

990 • Fiscal year 2019 • EIN 01-0202467

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 23, 2020

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

45th percentile

0.19x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

65th percentile

0.54x

Higher debt load relative to revenue than 65% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

14th percentile

-13%

Higher net margin than 14% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

51st percentile

$255,823

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

19th percentile

-2.7%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-8.9%

Faster revenue growth than 21% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$28,893,766

Down $798,397 (-2.7%) from 2018

Net Assets

Down

$23,295,245

Down $508,915 (-2.1%) from 2018

Liabilities

Down

$5,598,521

Down $289,482 (-4.9%) from 2018

Revenue

Down

$10,449,045

Down $1,019,322 (-8.9%) from 2018

Expenses

Down

$11,832,404

Down $798,663 (-6.3%) from 2018

Net Income

Down

-$1,383,359

Down $220,659 (-19%) from 2018

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

2019

Assets$28,893,766
Liabilities$5,598,521
Net Assets$23,295,245

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

2019

Revenue$10,449,045
Expenses$11,832,404
Net Income-$1,383,359
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 23, 2020
Return Version
2019v5.0
Gross Receipts
$10,781,282
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 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$13,266,957$12,699,124▼ $567,833
Investments in Publicly Traded Securities$6,573,404$7,895,639▲ $1,322,235
Savings and Temporary Cash Investments$4,832,443$4,920,001▲ $87,558
Cash and Non-Interest-Bearing Accounts$3,013,515$2,520,631▼ $492,884
Pledges and Grants Receivable$1,898,909$771,725▼ $1,127,184
Accounts Receivable$106,935$84,152▼ $22,783
Prepaid Expenses and Deferred Charges-$2,494-
Total Assets$29,692,163$28,893,766▼ $798,397
Liabilities
Tax Exempt Bond Liabilities$4,045,000$3,905,000▼ $140,000
Accounts Payable and Accrued Expenses$1,218,982$918,528▼ $300,454
Deferred Revenue$733,089$879,133▲ $146,044
Other Liabilities$-109,068$-104,140▲ $4,928
Total Liabilities$5,888,003$5,598,521▼ $289,482
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,136,496$15,520,422▼ $1,616,074
Net Assets With Donor Restrictions$6,667,664$7,774,823▲ $1,107,159
Total Net Assets Fund Balance$23,804,160$23,295,245▼ $508,915
Total Liabilities and Net Assets / Fund Balance$29,692,163$28,893,766▼ $798,397

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,898,314$8,931,221$19,829,535
Equipment$1,002,427$5,999,566$7,001,993
Other Land Buildings$681,513$440,738$1,122,251
Land$116,870-$116,870

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$12,197,712$393,849▲ $1,399,696$1,556,629$12,359,883
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Kevin StrangeFormer PresiPT$251,417$4,406$255,823
Dr Kevin StrangeFormer President-$251,417$4,406$255,823
Dr Hermann HallerPresidentPT$194,923$18,664$194,923
Dr Patricia HandSr. AdvisorFT$166,400$360$166,760
Dr Patricia HandSr. Advisor to Pres.-$166,400-$166,760
Dr Joel H GraberSr. Staff ScFT$136,701$18,304$155,005
Dr Joel H GraberSr. Staff Scientist-$136,701-$155,005
Dr James a CoffmanAssociate PrFT$110,983$17,390$128,373
Ms Claudine D LurveyDirector ofFT$114,192$10,115$124,307
Dr Samyeol BaekAssistant PrFT$108,665$13,556$122,221
Ms Judith C SprouleDirector Strateg-$111,924$8,923$120,847
Revenue and Support

Revenue Composition

Contributions and Grants
$8,269,995
Program Service Revenue
$1,604,017
Investment Income
$575,033
Other Revenue
$0
All Other Contributions
$1,499,534
Change in Net Assets
$-1,383,359

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded5$57,864
Total Noncash Contributions5$57,864

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,223,768
Revenue Not Reported on Financial Statements
$225,277
Revenue Not Reported on Form 990
$874,444
Other Revenue Adjustments
$223,596
Total Revenue per Audited Statements
$11,098,212
Total Revenue per Form 990
$10,449,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,297,415
Salaries, Compensation, and Employee Benefits$5,182,500
Total Fundraising Expense$492,625
Grants and Similar Amounts Paid$352,489
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,842,012$1,178,773$272,829$4,293,614
Depreciation Depletion$1,023,344$100,636$12,960$1,136,940
Fees for Services Other$424,100$68,079$58,673$550,852
Occupancy$356,676$36,955$8,109$401,740
Other Employee Benefits$255,688$61,232$26,015$342,935
Payroll Taxes$220,187$96,004$20,870$337,061
Grants to Domestic Individuals$320,556--$320,556
Interest-$223,755-$223,755
Conferences and Meetings$193,812$11,710$7,177$212,699
Pension Plan Contributions$149,302$47,251$12,337$208,890
Information Technology$57,582$142,764$7,140$207,486
Travel$112,448$77,734$5,033$195,215
Other Expenses$126,926$38,836$17,356$183,118
Office Expenses$25,637$94,002$29,229$148,868
Insurance$18,910$118,413$1,420$138,743
Fees for Services Legal-$70,580$297$70,877
Grants to Domestic Orgs$31,933--$31,933
Fees for Services Accounting-$21,849-$21,849
Advertising$3,345$3,120-$6,465
Fees for Services Lobbying-$5,401-$5,401
Fees for Service Investment Mgmnt Fees-$1,681-$1,681
Total Functional Expenses$8,917,555$2,422,224$492,625$11,832,404

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,832,404
Expenses per Audited Statements$11,607,127
Total Expenses per Audited Statements$11,607,127
Expenses Not Reported on Financial Statements$225,277
Other Expense Adjustments$223,596
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of MaineOrono, ME-Travel Awards$11,338

International Compliance

Foreign grant records maintained
No
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
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$275,728
Rebecca MorrisonFmr. Pres. WifeCompensation/benefitNo$85,622
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuities$5,026
Bond Issuance Costs (net of Amortiz)$-109,166

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$140,000-

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 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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 237 members of the corporation. 169 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. Should they arise, potential conflicts of interest are addressed by the board. Completion of conflict of interest forms and related matters are a formal agenda item for at least one board meeting annually.

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
2020-10-23
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
92
Volunteers
39

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 2019 achievements included: recruited dr. Iain drummond as professor and director of the kathryn w. Davis center for regenerative medicine and aging. Dr. Drummond, who came to the mdi biological laboratory from massachusetts general hospital and harvard university, will establish an international research program in kidney regeneration and tissue repair. He will also assume the role of principal investigator of the nih funded center of biomedical research excellence (cobre)program. Receipt of a 1,000,000 gift from an anonymous donor to help support the expansion of our research programs. Continued to advance scientific discovery in the fields of aging, heart regeneration, nerve regeneration and wound healing through the publication of 24 peer-reviewed research findings in prestigious scientific journals. Received 21.5 million in competitive federal grants.

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 2019 achievements include: offered more than 32 international courses serving more than 667 students from around the world and representing all levels of education, from high school students to science and medical professionals. Utilized annecdata, a software porgram developed at the mdi biological laboratory, to aid 2,787 citizen scientists in sharing more than 22,000 observations from over 50 countries. As part of a federally funded national institutes of health science education partnership award, collected and analyzed 532 well water samples from maine and new hampshire for the presence of arsenic. 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 taken in previously filed information returns and as 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 liabilities 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, 2017, 2018 and 2019.

Schedule D, Page 4, Part XI, Line 4B

NONCASH GRANTS 223,596

Schedule D, Page 4, Part XII, Line 4B

NONCASH GRANTS 223,596

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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 2019 ACHIEVEMENTS INCLUDED: RECRUITED DR. IAIN DRUMMOND AS PROFESSOR AND DIRECTOR OF THE KATHRYN W. DAVIS CENTER FOR REGENERATIVE MEDICINE AND AGING. DR. DRUMMOND, WHO CAME TO THE MDI BIOLOGICAL LABORATORY FROM MASSACHUSETTS GENERAL HOSPITAL AND HARVARD UNIVERSITY, WILL ESTABLISH AN INTERNATIONAL RESEARCH PROGRAM IN KIDNEY REGENERATION AND TISSUE REPAIR. HE WILL ALSO ASSUME THE ROLE OF PRINCIPAL INVESTIGATOR OF THE NIH FUNDED CENTER OF BIOMEDICAL RESEARCH EXCELLENCE (COBRE)PROGRAM. RECEIPT OF A 1,000,000 GIFT FROM AN ANONYMOUS DONOR TO HELP SUPPORT THE EXPANSION OF OUR RESEARCH PROGRAMS. CONTINUED TO ADVANCE SCIENTIFIC DISCOVERY IN THE FIELDS OF AGING, HEART REGENERATION, NERVE REGENERATION AND WOUND HEALING THROUGH THE PUBLICATION OF 24 PEER-REVIEWED RESEARCH FINDINGS IN PRESTIGIOUS SCIENTIFIC JOURNALS. RECEIVED 21.5 MILLION IN COMPETITIVE FEDERAL GRANTS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FORMER PRESI
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SR. ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3SR. STAFF SC
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSOCIATE PR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT PR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIR. STRATEG
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN OF
IRS990/Form990PartVIISectionAGrp/TitleTxt9V. CHAIR./ A
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
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IRS990/MissionDesc0THE MDI BIOLOGICAL LABORATORY'S MISSION IS TO IMPROVE HUMAN HEALTH THROUGH RESEARCH, EDUCATION,AND THE DEVELOPMENT OF VENTURES THAT TRANSFORM DISCOVERIES INTO CURES.
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Document Assets

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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