Civic Intelligence

Bioversity Inc.

990 • Fiscal year 2023 • EIN 93-2178166

Jun 05, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization ProfileWWW.BIOVERSITYMA.ORG
700 Technology Square 5th FloorCambridge, MA 02139

(617) 674-5107

Siviq Scores

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

Liabilities / Assets

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

0.01x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

100th percentile

$744,644

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 95.8% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets48th percentile

Assets

$520,767

No earlier filing loaded for comparison.

Net Assets

$513,576

No earlier filing loaded for comparison.

Liabilities

$7,191

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin94th percentile

Revenue

$777,410

No earlier filing loaded for comparison.

Expenses

$263,834

No earlier filing loaded for comparison.

Net Income

$513,576

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2023: $520,767Liabilities 2023: $7,191Net Assets 2023: $513,5762023Assets 2024: $853,872Liabilities 2024: $315,593Net Assets 2024: $538,2792024

Highlighted filing

2023

Assets$520,767
Liabilities$7,191
Net Assets$513,576
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Revenue 2023: $777,410Expenses 2023: $263,834Net Income 2023: $513,5762023Revenue 2024: $1,231,693Expenses 2024: $1,206,990Net Income 2024: $24,7032024

Highlighted filing

2023

Revenue$777,410
Expenses$263,834
Net Income$513,576
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 5, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$777,410
Mission and Program Overview

Mission

Bioversity, inc. Was formed to implement industry-aligned, expanded workforce training initiatives. Bioversity operates training centers, runs programming, and creates partnerships to provide massachusetts residents the skills and hands-on experience necessary to enter and thrive in life sciences careers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$362,095-
Land, Buildings, and Equipment, Net$0$63,886▲ $63,886
Accounts Receivable-$42,000-
Prepaid Expenses and Deferred Charges-$37,971-
Total Assets$0$520,767▲ $520,767
Other Assets Total$0$14,815▲ $14,815
Liabilities
Accounts Payable and Accrued Expenses-$7,191-
Total Liabilities$0$7,191▲ $7,191
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$513,576-
Total Net Assets Fund Balance$0$513,576▲ $513,576
Total Liabilities and Net Assets / Fund Balance$0$520,767▲ $520,767

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$36,286-$36,286
Equipment$27,600-$27,600
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
KENDALLE LEE BURLIN O'CONNELLPresident
Kevin KellyChief Financial Officer
Alan KoderClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$777,410
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$308,910
Change in Net Assets
$513,576

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 Amount
Other Non Cash Contri Table0$35,000
Other Non Cash Contri Table52$28,713
Other Non Cash Contri Table20$14,600
Total Noncash Contributions72$78,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$205,981-$205,981
Advertising-$43,500-$43,500
Information Technology-$11,999-$11,999
Travel-$2,142-$2,142
Office Expenses-$184-$184
Other Expenses-$12-$12
Total Functional Expenses$0$263,834$0$263,834
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
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Massbio's board treasurer reviews the organization's 990 and provided his/her recommendation to massbio's executive committee for approval. Copies to the 990 are available to the exec. Committee upon request.”

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

“All massbio board members and staff are required to sign the conflict of interest form annually. Management tracks form signing to insure full compliance. Related party transactions are compiled and disclosed in the audited financials and form 990 which are reviewed by the board or board committees.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Bioversity Inc
EIN
93-2178166
Phone
6176745107
Address
700 TECHNOLOGY SQUARE 5TH FLOOR, CAMBRIDGE, MA 02139

Signing Officer

Name
KENDALLE BURLIN O'CONNELL ESQ
Title
President and CEO
Phone
6176745107
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
KENDALLE BURLIN O'CONNELL
Formed
2023
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Thomas F Muldoon CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services: program service expenses 0. Management and general expenses 205,981. Fundraising expenses 0. Total expenses 205,981.”

FORM 990, PART XII, LINE 2C:

“Massbio's board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the combined financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the combined financial statements at december 31, 2023. The organization's information returns are subject to examination by the federal and state jurisdictions.”

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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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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt035000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt128713
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt214600
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MASSBIO'S BOARD TREASURER REVIEWS THE ORGANIZATION'S 990 AND PROVIDED HIS/HER RECOMMENDATION TO MASSBIO'S EXECUTIVE COMMITTEE FOR APPROVAL. COPIES TO THE 990 ARE AVAILABLE TO THE EXEC. COMMITTEE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MASSBIO BOARD MEMBERS AND STAFF ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST FORM ANNUALLY. MANAGEMENT TRACKS FORM SIGNING TO INSURE FULL COMPLIANCE. RELATED PARTY TRANSACTIONS ARE COMPILED AND DISCLOSED IN THE AUDITED FINANCIALS AND FORM 990 WHICH ARE REVIEWED BY THE BOARD OR BOARD COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 205,981. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,981.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MASSBIO'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222693047
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PERMITTING AND FOSTERING POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0700 TECHNOLOGY SQUARE 5TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CAMBRIDGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002139
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0520767
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0520767
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0777410
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0263834
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0263834
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt07191
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0513576
IRS990/TotalOtherCompensationAmt040591
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0777410
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0520767
IRS990/TotReportableCompRltdOrgAmt0965867
IRS990/TravelGrp/ManagementAndGeneralAmt02142
IRS990/TravelGrp/TotalAmt02142
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0700 TECHNOLOGY SQUARE 5TH FLOOR
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IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002139
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.BIOVERSITYMA.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KENDALLE BURLIN O'CONNELL ESQ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT AND CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06176745107
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BIOVERSITY INC
ReturnHeader/Filer/BusinessNameControlTxt0BIOV
ReturnHeader/Filer/EIN0932178166
ReturnHeader/Filer/PhoneNum06176745107
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 TECHNOLOGY SQUARE 5TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002139
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042571780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AAFCPAS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 WASHINGTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05083669100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS F MULDOON CPA
ReturnHeader/ReturnTs02024-11-14T11:24:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-06-05
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$520,767
Liabilities
$7,191
Net assets
$513,576
Revenue
$777,410
Expenses
$263,834
Net income
$513,576
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.32$0.54$1.23$1.21$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.51$0.78$0.26$0.51