Civic Intelligence

Gloucester Marine Genomics Institute Incorporated

990 • Fiscal year 2018 • EIN 46-3020006

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 03, 2019

417 Main StreetGloucester, MA 01930

(978) 879-4575

Siviq Scores

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

Liabilities / Assets

35th percentile

0.06x

Higher debt load relative to assets than 35% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

36th percentile

0.09x

Higher debt load relative to revenue than 36% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$195,872

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

96th percentile

83%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

162%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,458,366

Up $2,922,896 (+83%) from 2017

Net Assets

Up

$6,051,538

Up $2,666,390 (+79%) from 2017

Liabilities

Up

$406,828

Up $256,506 (+171%) from 2017

Revenue

Up

$4,510,020

Up $2,787,109 (+162%) from 2017

Expenses

Up

$1,843,630

Up $662,222 (+56%) from 2017

Net Income

Up

$2,666,390

Up $2,124,887 (+392%) from 2017

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $16,585Liabilities 2013: $15,0002013Assets 2014: $236,363Liabilities 2014: $16,537Net Assets 2014: $219,8262014Assets 2015: $635,734Liabilities 2015: $71,552Net Assets 2015: $564,1822015Assets 2016: $2,873,679Liabilities 2016: $30,034Net Assets 2016: $2,843,6452016Assets 2017: $3,535,470Liabilities 2017: $150,322Net Assets 2017: $3,385,1482017Assets 2018: $6,458,366Liabilities 2018: $406,828Net Assets 2018: $6,051,5382018Assets 2019: $6,702,969Liabilities 2019: $267,496Net Assets 2019: $6,435,4732019Assets 2020: $5,971,628Liabilities 2020: $241,475Net Assets 2020: $5,730,1532020Assets 2021: $6,391,248Liabilities 2021: $263,619Net Assets 2021: $6,127,6292021Assets 2022: $8,833,922Liabilities 2022: $1,937,763Net Assets 2022: $6,896,1592022Assets 2023: $9,194,920Liabilities 2023: $1,906,491Net Assets 2023: $7,288,4292023Assets 2024: $13,172,949Liabilities 2024: $1,867,136Net Assets 2024: $11,305,8132024

Highlighted filing

2018

Assets$6,458,366
Liabilities$406,828
Net Assets$6,051,538

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $47,148Expenses 2013: $45,563Net Income 2013: $1,5852013Revenue 2014: $487,020Expenses 2014: $268,779Net Income 2014: $218,2412014Revenue 2015: $593,361Expenses 2015: $287,005Net Income 2015: $306,3562015Revenue 2016: $2,823,232Expenses 2016: $663,769Net Income 2016: $2,159,4632016Revenue 2017: $1,722,911Expenses 2017: $1,181,408Net Income 2017: $541,5032017Revenue 2018: $4,510,020Expenses 2018: $1,843,630Net Income 2018: $2,666,3902018Revenue 2019: $3,132,397Expenses 2019: $2,748,462Net Income 2019: $383,9352019Revenue 2020: $2,200,360Expenses 2020: $2,905,680Net Income 2020: -$705,3202020Revenue 2021: $3,696,624Expenses 2021: $3,299,148Net Income 2021: $397,4762021Revenue 2022: $4,950,560Expenses 2022: $4,182,030Net Income 2022: $768,5302022Revenue 2023: $5,663,713Expenses 2023: $5,271,443Net Income 2023: $392,2702023Revenue 2024: $9,856,858Expenses 2024: $5,839,474Net Income 2024: $4,017,3842024

Highlighted filing

2018

Revenue$4,510,020
Expenses$1,843,630
Net Income$2,666,390
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 3, 2019
Return Version
2018v3.1
Gross Receipts
$4,651,984
Mission and Program Overview

Mission

Gmgi's mission is to conduct world-class marine biotechnology research which expands the regional economy. In order to accomplish this mission, gmgi is: establishing a marine biotechnology research institute that is powered by genomics; creating a vibrant science learning environment whose core program - gloucester biotechnology academy - trains local high school graduates for careers as professional lab technicians; and promoting conditions that encourage the development of a science community on cape ann.

Gloucester marine genomics institute (gmgi) was established in 2013. Gmgi's mission is to conduct world-class marine biotechnology research which expands the regional economy. In order to accomplish this mission, gmgi has: established a marine biotechnology research institute that is powered by genomics; created a vibrant science learning environment whose core program - gloucester biotechnology academy - trains local high school graduates for careers as professional lab technicians; and promoted conditions that encourage the development of a science community on cape ann.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,072,580$3,302,423▲ $2,229,843
Pledges and Grants Receivable$1,418,406$1,685,900▲ $267,494
Cash and Non-Interest-Bearing Accounts$80,619$778,083▲ $697,464
Accounts Receivable-$569,918-
Prepaid Expenses and Deferred Charges$79,290$80,774▲ $1,484
Savings and Temporary Cash Investments$432,869$19,468▼ $413,401
Total Assets$3,535,470$6,458,366▲ $2,922,896
Other Assets Total$451,706$21,800▼ $429,906
Liabilities
Accounts Payable and Accrued Expenses$150,322$220,415▲ $70,093
Unsecured Notes Loans Payable-$186,413-
Total Liabilities$150,322$406,828▲ $256,506
Net Assets / Fund Balance
Unrestricted Net Assets$3,385,148$5,751,151▲ $2,366,003
Temporarily Rstr Net Assets-$300,387-
Total Net Assets Fund Balance$3,385,148$6,051,538▲ $2,666,390
Total Liabilities and Net Assets / Fund Balance$3,535,470$6,458,366▲ $2,922,896

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,281,344$120,727$2,402,071
Equipment$1,021,079$264,421$1,285,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrea BodnerScience DirectorFT$195,872$195,872
Andrey PtitsynBioinformatics DirectorFT$119,603$119,603
Christiane MunkholmCOO/clerkFT$111,395$111,395

Board Members and Trustees

NameTitle
Marc VidalBoard Member/president
Bill KaneBoard Member
David WaltBoard Member
George PutnamBoard Member
Jim BaconBoard Member
John ConnollyBoard Member
Jose-carlos Gutierrez-ramosBoard Member
Tom SimonsBoard Member
Michele MayBoard Member/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,237,089
Program Service Revenue
$274,292
Investment Income
$-1,361
Other Revenue
$0
All Other Contributions
$2,257,093
Change in Net Assets
$2,666,390

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
Boats and Planes1$21,800Selling Price
Other Non Cash Contri Table1$19,985Fair Market Value (FMV) of Services Prov
Securities Publicly Traded1$10,158Form 1099-b
Total Noncash Contributions3$51,943-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,510,940
Revenue Not Reported on Financial Statements
$-920
Revenue Not Reported on Form 990
$125,677
Other Revenue Adjustments
$-920
Total Revenue per Audited Statements
$4,636,617
Total Revenue per Form 990
$4,510,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,119,771
Other Expenses$723,859
Total Fundraising Expense$153,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$489,806$69,091$74,402$633,299
Current Officers, Directors, Trustees, and Key Employees$237,826$33,492$35,949$307,267
Depreciation Depletion$222,927$1,341$575$224,843
All Other Expenses$63,273$30,562$12,647$106,482
Other Employee Benefits$80,090$11,291$12,146$103,527
Payroll Taxes$58,545$8,254$8,879$75,678
Occupancy$51,810$3,759$2,506$58,075
Information Technology$33,110$1,866$1,811$36,787
Other Expenses$18,129$1,980$2,880$22,989
Travel$12,341$890$64$13,295
Office Expenses$5,640$5,563-$11,203
Fees for Services Other$3,178$4,672$1,831$9,681
Insurance$195$8,611-$8,806
Fees for Services Accounting-$8,500-$8,500
Total Functional Expenses$1,495,302$194,638$153,690$1,843,630

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,970,227
Expenses per Audited Statements$1,843,630
Total Expenses per Form 990$1,843,630
Expenses Not Reported on Form 990$126,597
Expenses Not Reported on Financial Statements$0
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
No
Subject to proxy tax
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, Part VI, Section A, Line 2

Two members of the board of directors are in a family relationship.

Form 990, Part VI, Section B, Line 11B

The form 990 is provided electronically to each board member for their review.

Form 990, Part VI, Section B, Line 12C

Gmgi requires members of the board to annually sign the conflict of interest policy

Form 990, Part VI, Section B, Line 15

A board committee was assigned to review outside comparability data, including salary surveys to determine the compensation

Form 990, Part VI, Section C, Line 19

Gmgi's principal governing documents including the articles of incorporation and by-laws are filed with the massachusetts secretary of state and therefore are available to the public. Gmgi's financial statements are available to the public on the massachusetts attorney general website.

Filing and Contact Details

Filer

Filer Name
Gloucester Marine Genomics Institute
EIN
46-3020006
Phone
9788794575
Address
417 MAIN STREET, GLOUCESTER, MA 01930

Signing Officer

Name
Michele May
Title
Board Chair & Treasurer
Phone
9788794575
Signed
2019-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michele May
Formed
2013
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
91

Preparer

Firm
Dicicco Gulman & Company Llp
Address
150 PRESIDENTIAL WAY SUITE 510, WOBURN, MA 01801
Preparer
Laura J Gregoriadis
Phone
7819375300
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Gaap prescribes the threshold a tax position is required to meet before being recognized in the financial statements. The tax-exempt status of an entity is considered a tax position. An additional liability for uncertain tax positions ("utps") is recognized and recorded as a component of current income tax expense for differences between financial and income tax reporting positions which do not meet this threshold. Any interest and penalties related to utps are recorded as a component of income tax expense. Gmgi has reviewed its income tax positions and has not identified any material utps, including any tax positions that would jeopardize its tax-exempt status, and thus has not recorded a liability at december 31, 2018 or 2017. Gmgi's income tax returns are subject to examination by taxing authorities. Gmgi is no longer subject to examinations by tax authorities for years prior to 2015. Currently, there are no income tax audits in process.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

SALE OF STOCK -920.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

SALE OF STOCK 920.

Raw XML AppendixShowing 400 of 557 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0150322
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0220415
IRS990/AccountsReceivableGrp/EOYAmt0569918
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0GLOUCESTER MARINE GENOMICS INSTITUTE (GMGI) WAS ESTABLISHED IN 2013. GMGI'S MISSION IS TO CONDUCT WORLD-CLASS MARINE BIOTECHNOLOGY RESEARCH WHICH EXPANDS THE REGIONAL ECONOMY. IN ORDER TO ACCOMPLISH THIS MISSION, GMGI HAS: ESTABLISHED A MARINE BIOTECHNOLOGY RESEARCH INSTITUTE THAT IS POWERED BY GENOMICS; CREATED A VIBRANT SCIENCE LEARNING ENVIRONMENT WHOSE CORE PROGRAM - GLOUCESTER BIOTECHNOLOGY ACADEMY - TRAINS LOCAL HIGH SCHOOL GRADUATES FOR CAREERS AS PROFESSIONAL LAB TECHNICIANS; AND PROMOTED CONDITIONS THAT ENCOURAGE THE DEVELOPMENT OF A SCIENCE COMMUNITY ON CAPE ANN.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt02257093
IRS990/AllOtherExpensesGrp/FundraisingAmt012647
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt030562
IRS990/AllOtherExpensesGrp/ProgramServicesAmt063273
IRS990/AllOtherExpensesGrp/TotalAmt0106482
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHELE MAY
IRS990/BooksInCareOfDetail/PhoneNum09788794575
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0417 MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0GLOUCESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001930
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt080619
IRS990/CashNonInterestBearingGrp/EOYAmt0778083
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt035949
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt033492
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0237826
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0307267
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04237089
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-1361
IRS990/CYOtherExpensesAmt0723859
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0274292
IRS990/CYRevenuesLessExpensesAmt02666390
IRS990/CYSalariesCompEmpBnftPaidAmt01119771
IRS990/CYTotalExpensesAmt01843630
IRS990/CYTotalFundraisingExpenseAmt0153690
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04510020
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0575
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01341
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0222927
IRS990/DepreciationDepletionGrp/TotalAmt0224843
IRS990/Desc0RESEARCH- GMGI HAS ESTABLISHED A WORLD-CLASS MARINE BIOTECHNOLOGY RESEARCH INSTITUTE ON THE GLOUCESTER HARBOR WHOSE WORK IS POWERED BY THE SCIENTIFIC FIELD OF GENOMICS. MARINE GENOMICS REPRESENTS A NEW EPOCH IN BOTH MARINE SCIENCE AND BIOTECHNOLOGY AND GMGI IS LEADING THE WAY. THE PRIMARY FOCUS IS ON TRANSLATIONAL RESEARCH THAT CONNECTS DIRECTLY WITH HUMAN HEALTH. GMGI IS ALSO BRINGING THE BEST SCIENCE TO FISHERY RESEARCH.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01086565
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08500
IRS990/FeesForServicesAccountingGrp/TotalAmt08500
IRS990/FeesForServicesOtherGrp/FundraisingAmt01831
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04672
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03178
IRS990/FeesForServicesOtherGrp/TotalAmt09681
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd01
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt215.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0MARC VIDAL
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID WALT
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHELE MAY
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM SIMONS
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSE-CARLOS GUTIERREZ-RAMOS
IRS990/Form990PartVIISectionAGrp/PersonNm5JIM BACON
IRS990/Form990PartVIISectionAGrp/PersonNm6BILL KANE
IRS990/Form990PartVIISectionAGrp/PersonNm7GEORGE PUTNAM
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN CONNOLLY
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRISTIANE MUNKHOLM
IRS990/Form990PartVIISectionAGrp/PersonNm10ANDREA BODNER
IRS990/Form990PartVIISectionAGrp/PersonNm11ANDREY PTITSYN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9111395
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10195872
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11119603
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9COO/CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt10SCIENCE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BIOINFORMATICS DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-4510
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt01979996
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0137454
IRS990/GrossReceiptsAmt04651984
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01811
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01866
IRS990/InformationTechnologyGrp/ProgramServicesAmt033110
IRS990/InformationTechnologyGrp/TotalAmt036787
IRS990/InsuranceGrp/ManagementAndGeneralAmt08611
IRS990/InsuranceGrp/ProgramServicesAmt0195
IRS990/InsuranceGrp/TotalAmt08806
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03149
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03149
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0385148
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01072580
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03302423
IRS990/LandBldgEquipCostOrOtherBssAmt03687571
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0141964
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CONDUCT WORLD-CLASS MARINE BIOTECHNOLOGY RESEARCH WHICH EXPANDS THE REGIONAL ECONOMY. IN ORDER TO ACCOMPLISH THIS MISSION, GMGI HAS (1) ESTABLISHED A MARINE BIOTECHNOLOGY RESEARCH INSTITUTE THAT IS POWERED BY GENOMICS (2) CREATED A VIBRANT SCIENCE LEARNING ENVIRONMENT WHOSE CORE PROGRAM - GLOUCESTER BIOTECHNOLOGY ACADEMY - TRAINS LOCAL HIGH SCHOOL GRADUATES FOR CAREERS AS PROFESSIONAL LAB TECHNICIANS AND (3) PROMOTED CONDITIONS THAT ENCOURAGE THE DEVELOPMENT OF A SCIENCE COMMUNITY ON CAPE ANN.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03385148
IRS990/NetAssetsOrFundBalancesEOYAmt06051538
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-4510
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-4510
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt051943
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02506
IRS990/OccupancyGrp/ManagementAndGeneralAmt03759
IRS990/OccupancyGrp/ProgramServicesAmt051810
IRS990/OccupancyGrp/TotalAmt058075
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05563
IRS990/OfficeExpensesGrp/ProgramServicesAmt05640
IRS990/OfficeExpensesGrp/TotalAmt011203
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0451706
IRS990/OtherAssetsTotalGrp/EOYAmt021800
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt012146
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011291
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt080090
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0103527
IRS990/OtherExpensesGrp/Desc0MINOR EQUIPMENT AND FUR
IRS990/OtherExpensesGrp/Desc1LAB CONSUMABLES
IRS990/OtherExpensesGrp/Desc2SERVICE POLICIES
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/FundraisingAmt02880
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04766
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11980
IRS990/OtherExpensesGrp/ProgramServicesAmt095418
IRS990/OtherExpensesGrp/ProgramServicesAmt172643
IRS990/OtherExpensesGrp/ProgramServicesAmt250371
IRS990/OtherExpensesGrp/ProgramServicesAmt318129
IRS990/OtherExpensesGrp/TotalAmt0100184
IRS990/OtherExpensesGrp/TotalAmt172643
IRS990/OtherExpensesGrp/TotalAmt250371
IRS990/OtherExpensesGrp/TotalAmt322989
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt074402
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt069091
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0489806
IRS990/OtherSalariesAndWagesGrp/TotalAmt0633299
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt08879
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08254
IRS990/PayrollTaxesGrp/ProgramServicesAmt058545
IRS990/PayrollTaxesGrp/TotalAmt075678
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01418406
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01685900
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt079290
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt080774
IRS990/PrincipalOfficerNm0MICHELE MAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH SUPPORT
IRS990/ProgramServiceRevenueGrp/Desc1TUITION REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0238157
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0238157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136135
IRS990/ProgSrvcAccomActy2Grp/Desc0BIOTECHNOLOGY ACADEMY- GMGI HAS CREATED A VIBRANT SCIENCE LEARNING ENVIRONMENT, WITH GLOUCESTER BIOTECHNOLOGY ACADEMY AS THE FLAGSHIP PROGRAM. THE ACADEMY TRAINS LOCAL HIGH SCHOOL GRADUATES FOR JOBS AS BIOTECH LAB TECHNICIANS THROUGH A LAB-IMMERSION CURRICULUM AT OUR STATE-OF-THE-ART TRAINING FACILITY AND PAID INTERNSHIPS AT LOCAL BIOTECH FIRMS. THE ACADEMY ALSO OFFERS EDUCATIONAL SCIENCE PROGRAMS FOR MIDDLE AND HIGH SCHOOL STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0408737
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt036135
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01720918
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01993
IRS990/PYOtherExpensesAmt0433437
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0541503
IRS990/PYSalariesCompEmpBnftPaidAmt0747971
IRS990/PYTotalExpensesAmt01181408
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01722911
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02666390
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0238157
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0432869
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019468
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04475246
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01720918
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02822242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0592818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0487020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010098244
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03149
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03149
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt036135
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66250
IRS990ScheduleA/PublicSupportTotal170Amt06692440
IRS990ScheduleA/SubstantialContributorsTotAmt03405804
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04475246
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01720918
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02822242
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0592818
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0487020
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010098244
IRS990ScheduleA/TotalSupportAmt010101393
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0125677
IRS990ScheduleD/DonatedServicesUseFcltsAmt0125677
IRS990ScheduleD/EquipmentGrp/BookValueAmt01021079
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0264421
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01285500
IRS990ScheduleD/ExpensesNotReportedAmt0126597
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01843630
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02281344
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0120727
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02402071
IRS990ScheduleD/OtherExpensesIncludedAmt0920
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-920
IRS990ScheduleD/RevenueNotReportedAmt0125677
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-920
IRS990ScheduleD/RevenueSubtotalAmt04510940
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAAP PRESCRIBES THE THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE TAX-EXEMPT STATUS OF AN ENTITY IS CONSIDERED A TAX POSITION. AN ADDITIONAL LIABILITY FOR UNCERTAIN TAX POSITIONS ("UTPS") IS RECOGNIZED AND RECORDED AS A COMPONENT OF CURRENT INCOME TAX EXPENSE FOR DIFFERENCES BETWEEN FINANCIAL AND INCOME TAX REPORTING POSITIONS WHICH DO NOT MEET THIS THRESHOLD. ANY INTEREST AND PENALTIES RELATED TO UTPS ARE RECORDED AS A COMPONENT OF INCOME TAX EXPENSE. GMGI HAS REVIEWED ITS INCOME TAX POSITIONS AND HAS NOT IDENTIFIED ANY MATERIAL UTPS, INCLUDING ANY TAX POSITIONS THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS, AND THUS HAS NOT RECORDED A LIABILITY AT DECEMBER 31, 2018 OR 2017. GMGI'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. GMGI IS NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2015. CURRENTLY, THERE ARE NO INCOME TAX AUDITS IN PROCESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SALE OF STOCK -920.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SALE OF STOCK 920.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03302423
IRS990ScheduleD/TotalExpensesPerForm990Amt01843630
IRS990ScheduleD/TotalRevenuePerForm990Amt04510020
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04636617
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01970227
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0111395
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1195872
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2119603
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings