Marine Biological Laboratory
- Assets
- $244.1m
- Revenue
- $44.9m
- Investments
- $111.1m
- Employees
- 327
- Location
- Woods Hole, MA
- Founding
- 04/1938
- Data as of
- 06/2021
- EIN
- 04-2104690
Organization Overview
Marine Biological Laboratory is located in Woods Hole, MA. The organization was established in 1938. 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 06/2021, Marine Biological Laboratory employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marine 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 06/2021, Marine Biological Laboratory generated $44.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $41.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marine Biological Laboratory has awarded 169 individual grants totaling $10,735,312. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MARINE BIOLOGICAL LABORATORY (MBL) IS DEDICATED TO SCIENTIFIC DISCOVERY AND IMPROVING THE HUMAN CONDITION THROUGH RESEARCH AND EDUCATION IN BIOLOGY, BIOMEDICINE, AND ENVIRONMENTAL SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARINE BIOLOGICAL LABORATORY MAINTAINS LABORATORIES FOR THE SCIENTIFIC STUDY AND INVESTIGATION OF A WIDE RANGE OF BIOLOGICAL STUDIES FROM BIOMEDICAL TO ECOLOGICAL RESEARCH. MBL RESIDENT SCIENTISTS ARE BASED FULL-TIME IN WOODS HOLE AND CONDUCT FUNDED RESEARCH IN AREAS OF SCIENCE THAT ARE RELEVANT TO THE MBL'S MISSION OF FUNDAMENTAL BIOLOGICAL DISCOVERY. AREAS OF FOCUS INCLUDE COMPARATIVE EVOLUTION AND GENOMICS; THE BIOLOGY OF MARINE ORGANISMS AND MICROBIOMES; NEUROSCIENCE, REGENERATION, AND DEVELOPMENT; ECOLOGY, ECOSYSTEMS AND GLOBAL CLIMATE CHANGE; MODELS OF HUMAN DISEASE; AND CELL BIOLOGY, IMAGING, AND COMPUTATION.
THE MBL OFFERS A WIDE RANGE OF SCIENTIFIC COURSES, WORKSHOPS, CONFERENCES, AND INTERNSHIPS THROUGHOUT THE YEAR. CENTRAL TO THE MBL'S IDENTITY ARE ITS ADVANCED, DISCOVERY-BASED COURSES FOR GRADUATE STUDENTS, POSTDOCTORAL FELLOWS, AND FACULTY. IN THESE COURSES STUDENTS LEARN FROM INTERNATIONALLY RENOWNED SCIENTISTS AND ARE IMMERSED IN THE LABORATORY, LEARNING CUTTING-EDGE TECHNIQUES WHILE INVESTIGATING CONTEMPORARY RESEARCH PROBLEMS. EACH YEAR, MBL COURSES ATTRACT MORE THAN 500 OF THE BEST AND BRIGHTEST STUDENTS IN THE WORLD, FROM MORE THAN 300 INSTITUTIONS AND OVER 30 COUNTRIES. COURSE DIRECTORS AND FACULTY ARE LEADERS IN THEIR FIELDS, DRAWN FROM LEADING UNIVERSITIES AND RESEARCH INSTITUTIONS AROUND THE WORLD.
VISITING (WHITMAN) RESEARCH: THE MARINE BIOLOGICAL LABORATORY HOSTS HUNDREDS OF RESEARCHERS, POSTDOCS, AND GRADUATE STUDENTS FROM AROUND THE WORLD TO PARTICIPATE IN SCIENTIFIC DISCOVERY COURSES, RESEARCH, LECTURES, AND FIELD STUDIES. AS A CONVENER OF BIOLOGY, THE MARINE BIOLOGICAL LABORATORY IS WELL KNOWN FOR FOSTERING A HIGHLY COLLABORATIVE ENVIRONMENT, WITH SCIENTISTS AND STUDENTS ENGAGED IN INTENSIVE RESEARCH IN A COLLEGIAL AND INFORMAL ATMOSPHERE. LARGELY A SUMMER PROGRAM, WHITMAN CENTER SCIENTISTS ARE PROVIDED WITH INFRASTRUCTURE AND AN INFORMAL, INTERACTIVE SCIENTIFIC COMMUNITY THAT ALLOWS THEM TO LAUNCH INTO RESEARCH ALMOST IMMEDIATELY UPON THEIR ARRIVAL. ADVICE AND EQUIPMENT ARE AVAILABLE FROM OTHER RESEARCHERS OR FROM COLLEAGUES IN THE EDUCATION PROGRAM. FREE FROM ACADEMIC DUTIES AT THEIR HOME INSTITUTIONS, SOME VETERAN WHITMAN CENTER SCIENTISTS REPORT THEY DO MORE HANDS-ON RESEARCH IN THREE MONTHS AT THE MBL THAN THEY DO DURING THE REST OF THE YEAR AT THEIR HOME INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nipam Patel Director Of The Mbl | Officer | 40 | $377,973 |
Paul E Speer Chief Operating Officer | Officer | 40 | $295,867 |
Linda Hyman Director Of Education | Officer | 40 | $282,320 |
Roger T Hanlon Director Of The Marine Resource Center | 40 | $238,580 | |
David B Mark Welch Director, Division Of Research | Officer | 40 | $233,780 |
Joshua Rosenthal Senior Scientist | 40 | $221,863 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walsh Brothers Incorporated Construction Services | 6/29/21 | $235,175 |
The University Of Chicago Research Subaward | 6/29/21 | $167,261 |
The Regents Of The University Of Michigan Research Subaward | 6/29/21 | $166,134 |
Sodexo Inc And Affiliates Food Service | 6/29/21 | $798,548 |
Sandstorm Design Inc Website Design Services | 6/29/21 | $177,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,045,264 |
| Government grants | $11,412,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,711,801 |
| Noncash contributions included in lines 1a–1f | $128,890 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,169,993 |
| Total Program Service Revenue | $1,997,395 |
| Investment income | $714,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | -$12,025 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,866,930 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,910,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,681,602 |
| Grants and other assistance to domestic individuals. | $736,576 |
| Grants and other assistance to Foreign Orgs/Individuals | $157,284 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,452,303 |
| Compensation of current officers, directors, key employees. | $782,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,812,768 |
| Pension plan accruals and contributions | $916,929 |
| Other employee benefits | $3,953,137 |
| Payroll taxes | $1,332,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $172,888 |
| Fees for services: Accounting | $161,706 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,091,971 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $197,243 |
| Royalties | $0 |
| Occupancy | $1,912,164 |
| Travel | $94,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $810,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,523,732 |
| Insurance | $1,387,351 |
| All other expenses | $534,413 |
| Total functional expenses | $40,979,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,571,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,632,143 |
| Accounts receivable, net | $890,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $230,250 |
| Inventories for sale or use | $104,800 |
| Prepaid expenses and deferred charges | $814,284 |
| Net Land, buildings, and equipment | $101,392,336 |
| Investments—publicly traded securities | $15,398,185 |
| Investments—other securities | $111,068,394 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,978,061 |
| Total assets | $244,080,045 |
| Accounts payable and accrued expenses | $4,396,972 |
| Grants payable | $0 |
| Deferred revenue | $6,638,159 |
| Tax-exempt bond liabilities | $23,808,281 |
| 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 | $4,579,110 |
| Total liabilities | $39,422,522 |
| Net assets without donor restrictions | $90,260,866 |
| Net assets with donor restrictions | $114,396,657 |
| 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 | $244,080,045 |
Grants Awarded
Over the last fiscal year, Marine Biological Laboratory has awarded $1,675,554 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Berkeley, CA PURPOSE: Research | $192,383 |
Chicago, IL PURPOSE: Research | $167,261 |
Ann Arbor, MI PURPOSE: Research | $166,134 |
Burlington, VT PURPOSE: Research | $128,083 |
UNIVERSITY OF CONNECTICUT PURPOSE: Research | $101,698 |
Woods Hole, MA PURPOSE: Research | $82,901 |
Grants Recieved
Over the last fiscal year, we have identified 60 grants that Marine Biological Laboratory has recieved totaling $9,187,761.
| Awarding Organization | Amount |
|---|---|
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF DEVELOPING RESEARCH INFRASTRUCTURE FOR CULTURING AND REARING AQUATIC ORGANISMS TO ADVANCE COLLABORATIONS AND DISCOVERIES IN AQUATIC SYMBIOSIS RESEARCH. | $1,536,720 |
Gordon E And Betty I Moore Foundation Palo Alto, CA PURPOSE: IN SUPPORT OF DEVELOPING RESEARCH INFRASTRUCTURE FOR CULTURING AND REARING AQUATIC ORGANISMS TO ADVANCE COLLABORATIONS AND DISCOVERIES IN AQUATIC SYMBIOSIS RESEARCH. | $861,957 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $809,749 |
G Unger Vetlesen Foundation New York, NY PURPOSE: $350,000 TO THE BAY PAUL CENTER AND $250,000 FOR THE RECRUITMENT OF ALEXANDRA Z WORDEN AS A SENIOR SCIENTIST AT BAY PAUL CENTER | $600,000 |
Rowe Family Foundation Wilmington, DE PURPOSE: TO SUPPORT THE ESTABLISHMENT OF A PROGRAM IN GRADUATE EDUCATION WITH THE UNIVERSITY OF CHICAGO | $500,000 |
Simons Foundation Inc New York, NY PURPOSE: SIMONS EARLY CAREER INVESTIGATOR IN MARINE MICROBIAL ECOLOGY AND EVOLUTION AWARD | $444,000 |
Endowment Analysis
| Beg. Balance | $83,248,252 |
| Earnings | $30,175,118 |
| Net Contributions | $1,533,546 |
| Grants | $4,593,519 |
| Ending Balance | $110,363,397 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Biological Laboratory Woods Hole, MA | $244,080,045 | $44,910,519 |
New York Structural Biology Center Inc New York, NY | $108,370,731 | $20,379,459 |
Boyce Thompson Institute For Plant Research Inc Ithaca, NY | $101,082,296 | $16,707,988 |
Massachusetts Biomedical Initiatives Worcester, MA | $18,513,088 | $4,335,258 |
Pasteur Foundation New York, NY | $1,467,517 | $451,654 |
Boston Biostatistics Research Fdn Inc Framingham, MA | $12,036,898 | $1,996,157 |
Nature Institute Inc Ghent, NY | $1,219,615 | $541,323 |
Fondation Sante Great Neck, NY | $361,322 | $446,245 |
Nyc Builds Bio Inc New York, NY | $5,531 | $352,473 |
Deltaquest Foundation Inc Concord, MA | $291,972 | $271,699 |
The Micropaleontology Press Foundation Inc Flushing, NY | $138,418 | $259,874 |
Feed My Sheep Foundation Inc Livonia, NY | $287,275 | $115,096 |