Mount Desert Island Biological Laboratory
- Assets
- $30.5m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 113
- Location
- Salisbury Cove, ME
- Founding
- 03/1954
- Data as of
- 12/2022
- EIN
- 01-0202467
Organization Overview
Mount Desert Island Biological Laboratory is located in Salisbury Cove, ME. The organization was established in 1954. According to its NTEE Classification (U50) the organization is classified as: Biological & Life Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Mount Desert Island Biological Laboratory employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Desert Island Biological Laboratory is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mount Desert Island Biological Laboratory generated $12.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $15.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR RESEARCH IS FOCUSED ON ENHANCING OUR NATURAL ABILITY TO REPAIR THE CELLULAR DAMAGE THAT OCCURS WITH AGE AND ON TRAINING THE NEXT GENERATION OF SCIENTISTS, PHYSICIANS, AND ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - 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 2022 ACHIEVEMENTS INCLUDED: OUR SCIENTISTS STUDY A BROAD ARRAY OF RESEARCH MODELS TO IDENTIFY THE CELLULAR BASIS FOR REGENERATION AND AGING IN HUMANS AND TO DEVELOP NEW THERAPEUTIC APPROACHES TO ENHANCE OUR ABILITY TO REPAIR THE DAMAGE THAT OCCURS WITH AGE. IN 2022 OUR SCIENTISTS SECURED 2.2 MILLION IN FEDERAL FUNDING, PUBLISHED 19 PEER-REVIEWED RESEARCH PAPERS, CONSTRUCTED A NEW, STATE-OF-THE-ART MESOSPIM MICROSCOPE AND LAUNCHED MDI BIOSCIENCE, A NEW DRUG DISCOVERY INITIATIVE. OUR PRESIDENT, HERMANN HALLER, M.D. RECEIVED TWO PRESTIGIOUS AWARDS - THE GERMAN NEPHROLOGY SOCIETY'S FRANZ VOLHARD MEDAL AND INDUCTION INTO THE GERMAN NATIONAL ACADEMY OF SCIENCES - BOTH IN RECOGNITION OF SCIENTIFIC ACHIEVEMENT.
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 2022 ACHIEVEMENTS INCLUDE: IN 2022 WE HELD 26 VIRTUAL AND IN-PERSON COURSES AND CONFERENCES, HOSTED 50 FELLOWSHIP STUDENTS ON CAMPUS AND PROVIDED 70,000 IN FELLOWSHIP AWARDS AND SCHOLARSHIPS. OUR CITIZEN SCIENCE PROGRAM FACILITATED 23,055 OBSERVATIONS THROUGH ANECDATA.ORG, IDENTIFYING HARMFUL ALGAL CELLS IN FRENCHMAN BAY, TESTING WELL WATER AND SOIL SAMPLES FOR THE PRESENCE OF ARSENIC AND OTHER TOXINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iain A Drummond Scientific D | Officer | 40 | $184,766 |
Claudine Lurvey Admin Direct | 40 | $147,141 | |
Dr Hermann Haller President | Officer | 32 | $157,581 |
James S Strickland Strategic Di | 40 | $151,712 | |
Dr Joel H Graber Directr Comp | 40 | $147,580 | |
Dustin Updike Assistant Pr | 40 | $118,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Mechanical Inc Mechanical Cont | 12/30/17 | $240,891 |
Atlantic Landscape Construction Landscaping | 12/30/17 | $173,528 |
El Shea Inc Building Constr | 12/30/17 | $159,357 |
Harold Macquinn Inc Earthwork Const | 12/30/17 | $114,953 |
Hampden Electrical Inc Electrical | 12/30/17 | $100,501 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,315 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,208,462 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,440,894 |
| Noncash contributions included in lines 1a–1f | $204,954 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,650,671 |
| Total Program Service Revenue | $1,169,293 |
| Investment income | $219,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,040,491 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,998,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,881 |
| Grants and other assistance to domestic individuals. | $315,497 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $342,347 |
| Compensation of current officers, directors, key employees. | $103,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,117,322 |
| Pension plan accruals and contributions | $288,212 |
| Other employee benefits | $555,344 |
| Payroll taxes | $403,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,429 |
| Fees for services: Accounting | $33,858 |
| Fees for services: Lobbying | $1,630 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,848 |
| Fees for services: Other | $847,229 |
| Advertising and promotion | $66,458 |
| Office expenses | $174,000 |
| Information technology | $270,702 |
| Royalties | $0 |
| Occupancy | $642,882 |
| Travel | $183,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $178,000 |
| Interest | $218,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,322,198 |
| Insurance | $158,790 |
| All other expenses | $0 |
| Total functional expenses | $15,253,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,941,490 |
| Savings and temporary cash investments | $5,061,052 |
| Pledges and grants receivable | $1,140,428 |
| Accounts receivable, net | $140,898 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $46,081 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,211 |
| Net Land, buildings, and equipment | $13,104,575 |
| Investments—publicly traded securities | $8,026,683 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,472,418 |
| Accounts payable and accrued expenses | $1,418,887 |
| Grants payable | $0 |
| Deferred revenue | $918,802 |
| Tax-exempt bond liabilities | $3,445,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$89,903 |
| Total liabilities | $5,692,786 |
| Net assets without donor restrictions | $17,903,291 |
| Net assets with donor restrictions | $6,876,341 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,472,418 |
Grants Awarded
Over the last fiscal year, Mount Desert Island Biological Laboratory has awarded $24,427 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE MEDICAL CENTER PURPOSE: INBRE RRC AWARD | $5,890 |
UNIVERSITY OF MAINE PURPOSE: INBRE RRC AWARD | $8,537 |
TOWN OF BAR HARBOR PURPOSE: PILOT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Desert Island Biological Laboratory Salisbury Cove, ME | $30,472,418 | $11,998,788 |
The Eagle Hill Institute Steuben, ME | $2,151,443 | $477,757 |
Mindbridge Yarmouth, ME | $117,566 | $453,168 |
Northeast Acquatic Nuisance Speciescouncil Penacook, NH | $22,723 | $0 |
Lobster Conservancy Friendship, ME | $205,197 | $0 |
Maine Coastal Habitat Foundation Spruce Head, ME | $781,050 | $55,469 |
National Assoc Of Prof Accident Reconstruction Specialist Inc Hampton, NH | $154,982 | $0 |
Center For Wildlife Health Research Topsham, ME | $43,246 | $0 |