Marine Biological Laboratory
- Assets
- $237.6m
- Revenue
- $59.8m
- Investments
- $98.3m
- Employees
- 385
- Location
- Woods Hole, MA
- Founding
- 04/1938
- Data as of
- 06/2022
- 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 06/2022, Marine Biological Laboratory employed 385 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 06/2022, Marine Biological Laboratory generated $59.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $49.0m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marine Biological Laboratory has awarded 200 individual grants totaling $13,414,882. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MARINE BIOLOGICAL LABORATORY (MBL) IS DEDICATED TO SCIENTIFIC DISCOVERY - EXPLORING FUNDAMENTAL BIOLOGY, UNDERSTANDING BIODIVERSITY AND THE ENVIRONMENT, AND INFORMING THE HUMAN CONDITION THROUGH RESEARCH AND EDUCATION IN BIOLOGY, BIOMEDICINE, AND ENVIRONMENTAL SCIENCE. FOUNDED IN WOODS HOLE, MASSACHUSETTS, IN 1888, THE MBL IS A PRIVATE, NONPROFIT INSTITUTION AND AN AFFILIATE OF THE UNIVERSITY OF CHICAGO.
Describe the Organization's Program Activity:
THE MBL MAINTAINS LABORATORIES FOR THE SCIENTIFIC STUDY AND INVESTIGATION OF A WIDE RANGE OF BIOLOGICAL STUDY 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 NEW DISCOVERIES EMERGING FROM THE STUDY OF NEW RESEARCH ORGANISMS, ENCOMPASSING STUDIES IN CELL BIOLOGY, REGENERATIVE BIOLOGY, NEUROSCIENCE, SENSORY PHYSIOLOGY, AND COMPARATIVE EVOLUTION AND GENOMICS; THE STUDY OF MICROBIOMES AND MICROBIAL DIVERSITY AND ECOLOGY IN A VARIETY OF OCEAN, ORGANISMAL, AND TERRESTRIAL HABITATS; INNOVATION IN IMAGING AND COMPUTATION, ILLUMINATING CELLULAR FUNCTION AND PREVIOUSLY UNKNOWN BIOLOGY; AND ADAPTATION AND RESILIENCE OF ENVIRONMENTAL SYSTEMS AND ORGANISMS IN THE FACE OF GLOBAL CHANGE.
THE MBL OFFERS A WIDE RANGE OF SCIENTIFIC COURSES (FROM HIGH SCHOOL TO POST-DOCTORAL LEVEL), 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 ADVANCED COURSES ATTRACT MORE THAN 500 GRADUATE STUDENTS AND POSTDOCTORAL RESEARCHERS 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 MBL 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 MBL IS WELL KNOWN FOR FOSTERING A HIGHLY COLLABORATIVE ENVIRONMENT, WITH SCIENTISTS AND STUDENTS ENGAGED IN INTENSIVE RESEARCH IN A COLLEGIAL AND INFORMAL ATMOSPHERE. 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 |
|---|---|---|---|
Robert J Zimmer Chair Of The Board Of Trustees | OfficerTrustee | 1 | $0 |
Juan J DE Pablo Trustee | Trustee | 2 | $0 |
Paul Alivisatos Trustee | Trustee | 1 | $0 |
Nipam Patel Director Of The Mbl | Officer | 40 | $367,564 |
Lori Berko Secretary Of The Mbl Corporation | Officer | 2 | $0 |
Paul E Speer Chief Operating Officer | Officer | 40 | $295,811 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates Food Service | 6/29/22 | $1,380,225 |
The University Of Chicago Research Subaward | 6/29/22 | $252,222 |
Regents Of The Univ Of California Research Subaward | 6/29/22 | $213,700 |
Sandstorm Design Inc Website Design Services | 6/29/22 | $177,075 |
Regents Of The University Of Minnesota Research Subaward | 6/29/22 | $173,678 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,906,615 |
| Government grants | $15,980,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,669,235 |
| Noncash contributions included in lines 1a–1f | $137,359 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,556,605 |
| Total Program Service Revenue | $6,266,908 |
| Investment income | $1,016,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,800,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,784,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,602,886 |
| Grants and other assistance to domestic individuals. | $1,146,631 |
| Grants and other assistance to Foreign Orgs/Individuals | $960,269 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,414,231 |
| Compensation of current officers, directors, key employees. | $766,905 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,636,898 |
| Pension plan accruals and contributions | $1,710,478 |
| Other employee benefits | $3,827,891 |
| Payroll taxes | $1,443,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,328 |
| Fees for services: Accounting | $107,125 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,593,233 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $214,220 |
| Royalties | $0 |
| Occupancy | $2,115,752 |
| Travel | $626,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $787,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,330,714 |
| Insurance | $1,506,395 |
| All other expenses | $1,033,153 |
| Total functional expenses | $49,044,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,603,125 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,226,011 |
| Accounts receivable, net | $1,233,474 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $230,250 |
| Inventories for sale or use | $94,087 |
| Prepaid expenses and deferred charges | $939,919 |
| Net Land, buildings, and equipment | $101,017,845 |
| Investments—publicly traded securities | $18,405,353 |
| Investments—other securities | $98,315,734 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,512,738 |
| Total assets | $237,578,536 |
| Accounts payable and accrued expenses | $4,384,654 |
| Grants payable | $0 |
| Deferred revenue | $8,030,349 |
| Tax-exempt bond liabilities | $22,871,397 |
| 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 | $2,148,837 |
| Total liabilities | $37,435,237 |
| Net assets without donor restrictions | $91,460,295 |
| Net assets with donor restrictions | $108,683,004 |
| 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 | $237,578,536 |
Grants Awarded
Over the last fiscal year, Marine Biological Laboratory has awarded $2,602,886 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
WOODS HOLE OCEANOGRAPHIC INSTITUTE PURPOSE: Research | $273,181 |
UNIVERSITY OF CHICAGO PURPOSE: Research | $301,805 |
YALE UNIVERSITY PURPOSE: Research | $146,068 |
CLIFFORD A GOUDEY & ASSOCIATES PURPOSE: Research | $116,085 |
UNIVERSITY OF MINNESOTA PURPOSE: Research | $124,771 |
UNIVERSITY OF SOUTH CAROLINA PURPOSE: Research | $115,113 |