Civic Intelligence

Mount Desert Island Biological Laboratory

990 • Fiscal year 2020 • EIN 01-0202467

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

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

43rd percentile

0.20x

Higher debt load relative to assets than 43% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.52x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

32nd percentile

-0.5%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$206,991

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

39th percentile

3.5%

Faster asset growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

7.6%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$29,890,717

Up $996,951 (+3.5%) from 2019

Net Assets

Up

$24,048,231

Up $752,986 (+3.2%) from 2019

Liabilities

Up

$5,842,486

Up $243,965 (+4.4%) from 2019

Revenue

Up

$11,246,623

Up $797,578 (+7.6%) from 2019

Expenses

Down

$11,298,804

Down $533,600 (-4.5%) from 2019

Net Income

Up

-$52,181

Up $1,331,178 (+96%) from 2019

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

2020

Assets$29,890,717
Liabilities$5,842,486
Net Assets$24,048,231

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

2020

Revenue$11,246,623
Expenses$11,298,804
Net Income-$52,181
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$11,359,570
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.

We aim to improve human health by discovering fundamental mechanisms of tissue repair, aging and regeneration, translating our discoveries for the benefit of medicine and society and developing the next generation of scientific leaders. Our work is focused on enhancing our natural ability to repair the cellular damage that occurs with age and training the next generation of scientists, physicians and entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,699,124$13,425,348▲ $726,224
Investments in Publicly Traded Securities$7,895,639$6,922,745▼ $972,894
Savings and Temporary Cash Investments$4,920,001$6,825,279▲ $1,905,278
Cash and Non-Interest-Bearing Accounts$2,520,631$1,509,855▼ $1,010,776
Pledges and Grants Receivable$771,725$832,066▲ $60,341
Accounts Receivable$84,152$245,712▲ $161,560
Receivable From Disqualified Prsn-$96,010-
Prepaid Expenses and Deferred Charges$2,494$33,702▲ $31,208
Total Assets$28,893,766$29,890,717▲ $996,951
Liabilities
Tax Exempt Bond Liabilities$3,905,000$3,760,000▼ $145,000
Unsecured Notes Loans Payable-$937,000-
Accounts Payable and Accrued Expenses$918,528$700,033▼ $218,495
Deferred Revenue$879,133$548,198▼ $330,935
Other Liabilities$-104,140$-102,745▲ $1,395
Total Liabilities$5,598,521$5,842,486▲ $243,965
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,520,422$15,749,535▲ $229,113
Net Assets With Donor Restrictions$7,774,823$8,298,696▲ $523,873
Total Net Assets Fund Balance$23,295,245$24,048,231▲ $752,986
Total Liabilities and Net Assets / Fund Balance$28,893,766$29,890,717▲ $996,951

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,420,138$9,570,029$19,990,167
Equipment$2,306,541$6,548,946$8,855,487
Other Land Buildings$581,799$503,951$1,085,750
Land$116,870-$116,870

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$12,359,883$1,262,118▲ $980,414$277,492$14,250,678
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Iain a DrummondScientific DFT$182,784$24,207$206,991
Iain a DrummondScientific Director-$182,784$46,707$206,991
Dr Kevin StrangeFormer PresiPT$178,572$367$178,939
Dr Kevin StrangeFormer President-$156,072$11,550$178,939
Dr Hermann HallerPresidentFT$173,993$6$173,999
Dr Joel H GraberSr. Staff ScFT$144,965$15,254$160,219
Dr Joel H GraberSr. Staff Scientist-$144,965$4,071$160,219
Ms Claudine D LurveyAdmin DirectFT$131,496$11,506$143,002
Dr James a CoffmanAssociate PrFT$119,985$17,710$137,695
Dr Samyeol BaekAssistant PrFT$117,195$18,020$135,215
Ms Judith C SprouleDirector Strateg-$118,269$9,423$127,692
Revenue and Support

Revenue Composition

Contributions and Grants
$10,407,860
Program Service Revenue
$635,881
Investment Income
$202,882
Other Revenue
$0
All Other Contributions
$2,308,789
Change in Net Assets
$-52,181

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 AmountValuation Method
Securities Publicly Traded5$112,947Fair Market Value (FMV) at Date of Gift
Total Noncash Contributions5$112,947-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,244,906
Revenue Not Reported on Financial Statements
$1,717
Revenue Not Reported on Form 990
$805,165
Total Revenue per Audited Statements
$12,050,071
Total Revenue per Form 990
$11,246,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,960,128
Salaries, Compensation, and Employee Benefits$5,206,714
Total Fundraising Expense$500,412
Grants and Similar Amounts Paid$131,962
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,636,956$875,857$272,823$3,785,636
Depreciation Depletion$1,149,029$94,591$14,204$1,257,824
Occupancy$328,595$43,789$7,733$380,117
Current Officers, Directors, Trustees, and Key Employees$200,007$120,231$36,539$356,777
Payroll Taxes$218,472$95,359$23,316$337,147
Other Employee Benefits$250,207$46,468$31,359$328,034
Information Technology$124,574$153,804$42,873$321,251
Fees for Services Other$161,117$98,935$19,981$280,033
Interest-$238,698-$238,698
Pension Plan Contributions$152,723$52,545$15,280$220,548
Comp Disqual Persons$30,304$148,268-$178,572
Insurance$19,620$131,218$1,738$152,576
Fees for Services Legal-$124,496-$124,496
Office Expenses$23,144$70,090$16,281$109,515
Other Expenses$61,591$33,413$13,070$108,074
Grants to Domestic Individuals$83,874--$83,874
Travel$13,765$53,154$1,634$68,553
Conferences and Meetings$48,383$12,159$1,103$61,645
Grants to Domestic Orgs$45,988--$45,988
Fees for Services Accounting-$18,744-$18,744
Advertising-$4,888-$4,888
Fees for Services Lobbying$160$3,442$335$3,937
Foreign Grants$2,100--$2,100
Fees for Service Investment Mgmnt Fees-$1,717-$1,717
Total Functional Expenses$8,365,541$2,432,851$500,412$11,298,804

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$11,298,804
Expenses per Audited Statements$11,297,085
Total Expenses per Audited Statements$11,297,085
Expenses Not Reported on Financial Statements$1,719
Other Expense Adjustments$2
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maine Medical CenterPortland, ME-Rrc Awards$12,210
University of New EnglandBiddeford, ME-Rrc Awards$9,993
The Jackson LaboratoryBar Harbor, ME-Rrc Awards$9,750
University of MaineOrono, ME-Travel Awards$7,964
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$273,243
-35% CONT ENTITYIp Legal ExpensesNo$120,012
Rebecca MorrisonFmr. Pres.wifeCompensationNo$51,191

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$96,010-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Issuance Costs (net of Amortiz)$-102,745

Bond Issues

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

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A--$145,000-

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
Yes
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
Yes
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
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Hermann Haller
Formed
1898
Legal Domicile
Me
Voting Board Members
20
Independent Board Members
19
Employees
88
Volunteers
28

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

We aim to improve human health by discovering fundamental mechanisms of tissue repair, aging and regeneration, translating our discoveries for the benefit of medicine and society and developing the nest generation of scientific leaders.

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 2020 achievements included: recruited two international research teams to join our full-time faculty, bringing the total number of faculty to 12; hired 20 new full-time employees; continued to advance scientific discovery in the fields of aging, heart regeneration, nerve regeneration and wound healing through the publication of 14 peer-reviewed research findings in prestigious scientific journals; received 6.5 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 14 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 2020 achievements include: despite a global pandemic, offered 13 international courses, conferences, research fellowships and workshops servicing 625 students from around the world and representing all levels of education, from high school students to science and medical professionals; utilized anecdata, a software program developed at the mdi biological laboratory, to aid 3,187 citizen scientists in sharing more than 18,000 observations from over 70 countries; as part of a fderally funded national institutes of health science education partnership award, collected and analyzed 801 well water samples from maine and new hampshire for the presence of arsenic; continued a highly regarded series of outreach activities, including mdi science cafes, to engage the public in the institution's research and education programs and to promote scientific literacy

Form 990, Part XI, Line 9

Rounding 6 rounding 2 total 8

Financial Statement Notes

Schedule D, Page 3, Part X

The institution 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 the 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, 2018, 2019 and 2020.

Schedule D, Page 4, Part XI, Line 2D

ROUNDING 6

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

ROUNDING 2

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0SCIENTIFIC D
IRS990/Form990PartVIISectionAGrp/TitleTxt1FORMER PRESI
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SR. STAFF SC
IRS990/Form990PartVIISectionAGrp/TitleTxt4ADMIN DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSOCIATE PR
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT PR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIR. STRATEG
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
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IRS990/MissionDesc0WE AIM TO IMPROVE HUMAN HEALTH BY DISCOVERING FUNDAMENTAL MECHANISMS OF TISSUE REPAIR, AGING AND REGENERATION, TRANSLATING OUR DISCOVERIES FOR THE BENEFIT OF MEDICINE AND SOCIETY AND DEVELOPING THE NEST GENERATION OF SCIENTIFIC LEADERS.
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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