2024-12-18T10:22:54-06:00 2024-06-30 010463013 Purdy Powers & Company 130 Middle Street Portland ME 04101 990 2023-07-01 016006001 Bigelow Laboratory for Ocean Sciences BIGE 2073152567 60 Bigelow Drive East Boothbay ME 04544 Deborah Bronk President and CEO 2073152567 2024-12-18 0 David J Shorette CPA P00086553 2077753496 2024-12-18 2023 2024-10-15 13:58:12Z Deborah Bronk 60 Bigelow Drive East Boothbay ME 04544 35206235 0 X www.bigelow.com X 1974 ME To understand key processes driving the world's ocean ecosystems, their evolution and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs. 16 16 134 44 0 0 38018643 27948589 2483425 2075780 813795 369529 172730 129296 41488593 30523194 0 0 0 0 10303347 11253064 0 0 1824791 8285910 8293565 18589257 19546629 22899336 10976565 87500256 104522449 19116506 21544071 68383750 82978378 To understand key processes driving the world's ocean ecosystems, their evolution, and their fundamental relationship to life on earth through interrelated research, education, and technology transfer programs. 0 0 17471729 2169929 Providing scientific and educational research for governmental, commercial, and educational entities. 17471729 1 1 0 1 0 0 0 1 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 98 0 1 134 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X Deborah Bronk 2073152567 60 Bigelow Drive East Boothbay ME 04544 Mark Abbott Director 2.00 X 0 0 0 Jon Bigelow Director 2.00 X 0 0 0 Priscilla Brooks PhD Director 2.00 X 0 0 0 Barbara Burgess Director 2.00 X 0 0 0 Michael Conathan Director 2.00 X 0 0 0 Kimberly Hamilton PhD Director 2.00 X 0 0 0 Peter Handy Director 2.00 X 0 0 0 John L Heyl Director 2.00 X 0 0 0 Marion Howard Director 2.00 X 0 0 0 Randall Jeffrey Director 2.00 X 0 0 0 Judith Kildow PhD Director 2.00 X 0 0 0 Dimitri Michaud Director 2.00 X 0 0 0 Craig Muir Director 2.00 X 0 0 0 Edwin Trautman PhD Director 2.00 X 0 0 0 Stewart Bither PhD Vice Chair 4.00 X X 0 0 0 Wendy Wolf MD MPH Chair 4.00 X X 0 0 0 Deborah Bronk President & CEO 37.50 X 358042 0 27602 Jennifer Cutshall VP Strategic Alliances and 37.50 X 220526 0 26730 William M Balch Senior Research Scientist 37.50 X 157099 0 21474 Ramunas Stepanauskas Senior Research Scientist 37.50 X 189676 0 44336 Benjamin Twining VP Education & Research 37.50 X 186624 0 45205 David Fields Senior Research Scientist 37.50 X 149676 0 61063 David Whitt CFO/VP for Administration 37.50 X 172634 0 21435 David Emerson Senior Research Scientist 37.50 X 152165 0 15209 Michael Lomas Senior Research Scientist 37.50 X 156560 0 31466 Steve Archer Senior Research Scientist 37.50 X 150650 0 26878 Beth Orcutt VP for Research/Senior Res 37.50 X 169741 0 36940 Rachel Sipler Senior Research Scientist 37.50 X 140119 0 8611 Nicole Poulton Senior Research Scientist 37.50 X 136688 0 21301 Steven Profaizer Chief Communications Officer 37.50 X 141708 0 14449 Joaquin Martinez Senior Research Scientist 37.50 X 118497 0 32417 Nick Record Senior Research Scientist 37.50 X 121648 0 24649 2722053 0 459765 30 0 1 0 0 9952706 17995883 622446 27948589 Course Fees 541700 602209 602209 Patent and License Fees 541700 451219 451219 NCMA Culture Fees 541700 339188 339188 BAS Fees 541700 252051 252051 PAS Fees 541700 201946 201946 229167 229167 2075780 427893 427893 4621129 4644346 35147 -23217 -35147 -58364 -35147 -23217 7137 3548 3589 3589 Miscellaneous Revenue 541700 125707 125707 125707 30523194 2169929 0 404676 2722053 1652772 858720 210561 5019083 3047477 1583358 388248 492649 316376 135365 40908 2414134 1550339 663333 200462 605145 388620 166276 50249 458989 422780 33699 2510 11405 894 7619 2892 333951 24067 309884 291605 249680 24424 17501 446587 2400 444187 2219870 1372114 672103 175653 192936 27130 165806 Consulting & Contracted 1129087 637474 485072 6541 Supplies & Leases 920542 824784 89078 6680 Subcontracts 856169 856169 Repairs & Maintenance 390899 86690 304209 1041525 6011963 -5693024 722586 19546629 17471729 250109 1824791 2980185 4366016 9422827 7492879 509770 480561 81949 60755 67743244 23065395 35407509 44677849 38244558 46290664 853458 1153725 87500256 104522449 1590131 6172699 5571689 3749457 11954686 11621915 19116506 21544071 X 28071656 44466833 40312094 38511545 68383750 82978378 87500256 104522449 X 10976565 3317796 300267 X X 0 1 X 1 1 1 X 11869995 17118937 17379664 39655336 27948589 113972521 11869995 17118937 17379664 39655336 27948589 113972521 113972521 122536 255455 528985 664140 427893 1999009 51720 52021 104719 171299 125707 505466 116476996 0.97850 0.97820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 0 72064 72064 19474565 19546629 1000000 250000 0 0 1000000 1000000 1500000 72064 72064 250000 250000 375000 Part II-A, Line 1 & 2: The Organization expended $72,064 on lobbying activities to advocate for the passing of the Federal iFeed Act. 0 6406918 350000 1190638 179379 7768177 5573415 94395 881016 141908 6406918 5487393 1565000 -1395243 83735 5573415 4329882 50000 1219511 112000 5487393 3152884 1066340 110658 4329882 0.69869 0.30131 0 0 2800537 2800537 52283327 14036165 38247162 12659380 9029230 3630150 44677849 Money Market Funds 14109874 F Exchange Traded Funds 17185613 F Fixed Income Funds 14995177 F 46290664 X 34141257 3317796 300267 3618063 30523194 0 30523194 19546629 0 19546629 0 19546629 Part III, Line 1a: The Laboratory houses the Provasoli-Guillard National Center of Marine Algae and Microbiota. The Laboratory does not capitalize this collection of more than 2,700 strains of marine phytoplankton, bacteria, and viruses. The Laboratory holds the collection for educational and research purposes; the strains are available to the public. Proceeds from the sales of strain samples are used to maintain and preserve the collection. Part X, Line 2: The Laboratory qualifies as an organization exempt from federal income tax under Internal Revenue Code Section 501(c)(3) and files a Form 990 tax return. With few exceptions, the Laboratory is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2018 due to the statute of limitations. The Laboratory has adopted the provisions of FASB ASC, Income Taxes. Management of the Laboratory believes it has no material uncertain tax positions, and accordingly it will not recognize any liability for unrecognized tax benefits. Part XI, Line 2d - Other Adjustments: Gain on Interest Rate Swap 300,267. X X X 0 0 0 0 0 0 0 0 0 Deborah Bronk President & CEO 358042 0 0 0 0 0 21988 0 5614 0 385644 0 0 0 Jennifer Cutshall VP Strategic Alliances and 220526 0 0 0 0 0 13569 0 13161 0 247256 0 0 0 Ramunas Stepanauskas Senior Research Scientist 189676 0 0 0 0 0 12069 0 32267 0 234012 0 0 0 Benjamin Twining VP Education & Research 186624 0 0 0 0 0 11891 0 33314 0 231829 0 0 0 David Fields Senior Research Scientist 149676 0 0 0 0 0 9735 0 51328 0 210739 0 0 0 Beth Orcutt VP for Research/Senior Res 169741 0 0 0 0 0 10542 0 26398 0 206681 0 0 0 David Whitt CFO/VP for Administration 172634 0 0 0 0 0 11054 0 10381 0 194069 0 0 0 Michael Lomas Senior Research Scientist 156560 0 0 0 0 0 10131 0 21335 0 188026 0 0 0 William M Balch Senior Research Scientist 157099 0 0 0 0 0 9379 0 12095 0 178573 0 0 0 Steve Archer Senior Research Scientist 150650 0 0 0 0 0 9629 0 17249 0 177528 0 0 0 David Emerson Senior Research Scientist 152165 0 0 0 0 0 9323 0 5886 0 167374 0 0 0 Nicole Poulton Senior Research Scientist 136688 0 0 0 0 0 8455 0 12846 0 157989 0 0 0 Steven Profaizer Chief Communications Officer 141708 0 0 0 0 0 8765 0 5684 0 156157 0 0 0 Joaquin Martinez Senior Research Scientist 118497 0 0 0 0 0 7525 0 24892 0 150914 0 0 0 A Finance Authority of Maine 010392006 NoneAvail 2019-04-01 12914000 To refinance debt held with First National Bank 0 0 0 A 107466 12780706 25828 0 0 1 1 A 0 0 0 0 0 1 First National Bank 20.500000000000 0 0 0 0 0 A 0 X 13 7583150 Fair Market Value 0 0 1 Part I, Line 32b: Bigelow has agreed with Block Island Marine Funding, Inc., a non-profit corporation that promotes the education of children through programs in marine science and marine biology, to encourage boat owners wishing to donate a boat to Bigelow to instead donate the boat to Block Island, and Block Island would arrange for the charter or sale of the boat as soon after the donation as reasonably practicable in compliance with IRS rules and regulations and remit 75% of the proceeds, less reasonable expenses, to Bigelow. Form 990, Part VI, Section A, line 4 The organization's Bylaws were updated in June 2024, with the following changes: The "Board of Trustees" is now termed "Board of Directors" to accurately reflect the group's role and responsibilities; Clauses related to lobbying, tax-exempt status, and dissolution were added per standard guidelines; Board member terms were limited to two, four-year terms, with a one-year break required to return to the board; Board members are required to have 48 hour notice for meetings; Sections on Emeritus Trustees, Committee Listings, and Advisory Board were removed to allow for operational flexibility; and the Articles of Incorporation were restated with an update on the number of Directors, the corporation address and the corporation agent. Form 990, Part VI, Section B, line 11b The Board Finance Committee reviews and provides feedback on the 990. The 990 then goes to the Board Executive Committee for final approval. Form 990, Part VI, Section B, line 12c The conflict of interest policy is articulated to staff, updated annually, and reviewed by the Chief of Staff to monitor compliance. Form 990, Part VI, Section B, line 15a The compensation committee hired an independent consultant and used 3rd party salary data from AIRI, which contains job descriptions and salary information from like-organizations. This data set was reviewed by the 3rd party consultant and salary bands were updated based on the review and an internal analysis using the same data set. Results were then further reviewed and discussed internally in the compensation committee and salary adjustments were made in accordance with the study. Form 990, Part VI, Section C, line 19 Bigelow publishes governing documents and financial reports on its website. The conflict of interest policy is circulated regularly and hand-delivered to employees, volunteers, board members, and board committees. Form 990, Part XI, line 9: Gain on Interest Rate Swap 300,267. Form 990, Part XII, Line 2c: The Audit Committee assumes responsibility for oversight of the audit and selection of an independent accountant. Form 990, Part IV, Section C, Line 19: Available by request.