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Nonprofit · EIN 22-2693047

MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC

Tax-exempt · CAMBRIDGE, MA 02139

Financials

$18.5M$17.6M2023$17.8M$17.7M2024
Revenue Expenses · by fiscal year end
Financials of MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$17,768,651$17,657,195$111,456$29,007,509$10,294,639$18,712,870
December 31, 2023990$18,520,598$17,553,360$967,238$29,829,163$11,227,749$18,601,414
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,643,765
Membership dues
$6,643,765
Program service revenue
$10,315,747
Investment income
$809,139
Other revenue
$0

Expenses

Grants and similar amounts paid
$225,000
Compensation of officers, directors and key employees
$930,163
Other salaries and wages
$5,776,585
Salaries, compensation and benefits (total)
$8,076,406
Professional fundraising fees
$0
Legal fees
$3,315
Accounting fees
$51,700
Occupancy
$2,386,448
Travel
$346,730
Depreciation
$618,358

Balance sheet and other

Total assets, start of year
$29,829,163
Total assets, end of year
$29,007,509
Total liabilities, end of year
$10,294,639
Net assets, end of year
$18,712,870
Land, buildings and equipment
$2,485,798
Publicly traded securities
$11,499,401
Net assets without donor restrictions
$18,586,340
Net assets with donor restrictions
$126,530
Gross receipts
$17,768,651
Employees
46
Volunteers
41
Year formed
1985
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KENDALLE LEE BURLIN O'CONNELLPRESIDENT & CEO
Trustee or director, Officer
40$481,930$9,140
EDWARD COPPINGERHEAD OF GOVERNMENT AFFAIRS
Highest-paid employee
40$231,329$31,607
JASON M CORDEIROCOIO
Officer
40$225,269$22,817
ZACHARY STANLEYEXECUTIVE DIRECTOR BIOVERSITY
Highest-paid employee
40$177,323$20,538
BENJAMIN BRADFORDHEAD OF EXTERNAL AFFAIRS
Highest-paid employee
40$169,259$24,277
KEVIN KELLYCFO
Officer
40$168,123$22,884
LAURA HAMILTONCHIEF BUSINESS OFFICER
Highest-paid employee
40$171,592$16,948
MATTHEW KOONSSR. VP OF MEMBER ENGAGEMENT
Highest-paid employee
40$165,189$23,170
TAMAR THOMPSONCHAIR
Trustee or director, Officer
0.5$0$0
JEFFREY ELTONVICE CHAIR
Trustee or director, Officer
0.5$0$0
MIKE O'HARATREASURER
Trustee or director, Officer
0.5$0$0
JASON COLECLERK
Trustee or director, Officer
0.5$0$0
PAM RANDHAWAPAST CHAIR
Trustee or director
0.5$0$0
LAWRENCE WITTENBERGCOUNSEL
Trustee or director
0.5$0$0
DAVID LUCCHINODIRECTOR
Trustee or director
0.25$0$0
34 more people on this return
NameTitleHours / weekCompensation
CHERYL BLANCHARDDIRECTOR
Trustee or director
0.25$0
MELISSA BRADFORD-KLUGDIRECTOR
Trustee or director
0.25$0
LAUREN CELANODIRECTOR
Trustee or director
0.25$0
CHIP CLARKDIRECTOR
Trustee or director
0.25$0
ROBERT COUGHLINDIRECTOR
Trustee or director
0.25$0
JOHN DUNLOPDIRECTOR
Trustee or director
0.25$0
EILEEN ELLIOTTDIRECTOR
Trustee or director
0.25$0
GARY GILLHEENEYDIRECTOR
Trustee or director
0.25$0
LUBA GREENWOODDIRECTOR
Trustee or director
0.25$0
SUE HAGERDIRECTOR
Trustee or director
0.25$0
MARTIN HEIDECKERDIRECTOR
Trustee or director
0.25$0
DENNIS HUANGDIRECTOR
Trustee or director
0.25$0
EDWARD KAYEDIRECTOR
Trustee or director
0.25$0
LIZABETH LEVEILLEDIRECTOR
Trustee or director
0.25$0
LIZ LEWISDIRECTOR
Trustee or director
0.25$0
MICHAEL LUTHERDIRECTOR
Trustee or director
0.25$0
EUSTACIA REIDY MACNAUGHTDIRECTOR
Trustee or director
0.25$0
DAVID MEEKERDIRECTOR
Trustee or director
0.25$0
GILMORE O'NEILLDIRECTOR
Trustee or director
0.25$0
MICHAL PREMINGERDIRECTOR
Trustee or director
0.25$0
CHANDRA RAMANATHANDIRECTOR
Trustee or director
0.25$0
ERIC RASMUSSENDIRECTOR
Trustee or director
0.25$0
CHRISTOPHER ROUNDDIRECTOR
Trustee or director
0.25$0
MICHAEL SHAFERDIRECTOR
Trustee or director
0.25$0
REHAN VERJEEDIRECTOR
Trustee or director
0.25$0
JENNIFER WIPFDIRECTOR
Trustee or director
0.25$0
CAROLINA ALARCODIRECTOR
Trustee or director
0.25$0
JACOB BECRAFTDIRECTOR
Trustee or director
0.25$0
SHARON CUNNIGHAMDIRECTOR
Trustee or director
0.25$0
BRIAN FOARDDIRECTOR
Trustee or director
0.25$0
NATACHA GASSENBACHDIRECTOR
Trustee or director
0.25$0
MARIE-LOUISE HOVGAARD-SVEENDIRECTOR
Trustee or director
0.25$0
EMMA LEESDIRECTOR
Trustee or director
0.25$0
EVAN LIPPMANDIRECTOR
Trustee or director
0.25$0
990 for the year ended December 31, 2023: 51 people
NameTitleHours / weekCompensationOther / benefits
KENDALLE LEE BURLIN O'CONNELLPRESIDENT & CEO
Trustee or director, Officer
40$720,968$23,676
JOSEPH BONCOREFORMER CEO
Former
40$434,893$4,673
JASON M CORDEIROVP OPS.(TIL 11/23)/COIO(AS OF 12/23)
Officer
40$342,223$32,020
ZACHARY A STANLEYEXECUTIVE DIRECTOR BIOVERSITY
Highest-paid employee
40$305,094$29,486
EDWARD COPPINGERHEAD OF GOVERNMENT AFFAIRS
Highest-paid employee
40$286,376$33,794
BENJAMIN M BRADFORDVP MEM(TIL11/23)/HEAD EXT.AFF(AS OF12/23)
Highest-paid employee
40$276,223$35,231
KEVIN KELLYVP FIN.(TIL 11/23)/CFO(AS OF 12/23)
Officer
40$244,899$16,915
MATTHEW KOONSVP OF MERMBERSHIP
Highest-paid employee
40$220,930$19,304
RITA MCATEERVP OF MARKETING
Highest-paid employee
40$190,437$39,284
PAM RANDHAWACHAIR
Trustee or director, Officer
0.5$0$0
MIKE O'HARATREASURER
Trustee or director, Officer
0.5$0$0
TAMAR THOMPSONVICE CHAIR
Trustee or director, Officer
0.5$0$0
JEFFREY ELTONCLERK
Trustee or director, Officer
0.5$0$0
LAWRENCE WITTENBERGCOUNSEL
Trustee or director
0.5$0$0
DAVID LUCCHINOPAST CHAIR
Trustee or director
0.25$0$0
CHERYL BLANCHARDDIRECTOR
Trustee or director
0.25$0$0
MELISSA BRADFORD-KLUGDIRECTOR
Trustee or director
0.25$0$0
LAUREN CELANODIRECTOR
Trustee or director
0.25$0$0
CHIP CLARKDIRECTOR
Trustee or director
0.25$0$0
JASON COLEDIRECTOR
Trustee or director
0.25$0$0
ROBERT COUGHLINDIRECTOR
Trustee or director
0.25$0$0
JOHN DUNLOPDIRECTOR
Trustee or director
0.25$0$0
ALAN EISENBERGDIRECTOR
Trustee or director
0.25$0$0
EILEEN ELLIOTTDIRECTOR
Trustee or director
0.25$0$0
BARBARA FOXDIRECTOR
Trustee or director
0.25$0$0
CHRIS GARABEDIANDIRECTOR
Trustee or director
0.25$0$0
GARY GILLHEENEYDIRECTOR
Trustee or director
0.25$0$0
ROBERT GOTTLIEBDIRECTOR
Trustee or director
0.25$0$0
LUBA GREENWOODDIRECTOR
Trustee or director
0.25$0$0
SUE HAGERDIRECTOR
Trustee or director
0.25$0$0
MARTIN HEIDECKERDIRECTOR
Trustee or director
0.25$0$0
DENNIS HUANGDIRECTOR
Trustee or director
0.25$0$0
ED KAYEDIRECTOR
Trustee or director
0.25$0$0
CHRIS LEIBMANDIRECTOR
Trustee or director
0.25$0$0
LIZABETH LEVEILLEDIRECTOR
Trustee or director
0.25$0$0
LIZ LEWISDIRECTOR
Trustee or director
0.25$0$0
MICHAEL LUTHERDIRECTOR
Trustee or director
0.25$0$0
STACIA REIDY MACNAUGHTDIRECTOR
Trustee or director
0.25$0$0
BILL MCDERMOTTDIRECTOR
Trustee or director
0.25$0$0
DAVID MEEKERDIRECTOR
Trustee or director
0.25$0$0
CHRISTOPHER MURPHYDIRECTOR
Trustee or director
0.25$0$0
GILMORE O'NEILLDIRECTOR
Trustee or director
0.25$0$0
CINDY PERETTIEDIRECTOR
Trustee or director
0.25$0$0
MICHAL PREMINGERDIRECTOR
Trustee or director
0.25$0$0
CHANDRA RAMANATHANDIRECTOR
Trustee or director
0.25$0$0
ERIC RASMUSSENDIRECTOR
Trustee or director
0.25$0$0
CHRIS ROUNDDIRECTOR
Trustee or director
0.25$0$0
MICHAEL SHAFERDIRECTOR
Trustee or director
0.25$0$0
BILL SIBOLDDIRECTOR
Trustee or director
0.25$0$0
REHAN VERJEEDIRECTOR
Trustee or director
0.25$0$0
JENNIFER WIPFDIRECTOR
Trustee or director
0.25$0$0

Address and contacts

Address (IRS master file)
700 TECHNOLOGY SQ STE 5, CAMBRIDGE, MA 02139-3557
In care of
% MASS
Principal officer (990 for 2024)
KENDALLE BURLIN O'CONNELL, 700 TECHNOLOGY SQUARE 5TH FLOOR, CAMBRIDGE, MA 02139
Signed the 990
KENDALLE BURLIN O'CONNELL ESQ, PRESIDENT AND CEO
Phone
(617) 674-5100
Return prepared by
AAFCPAS INC

Mission

MASSBIO IS COMMITTED TO ADVANCING MASSACHUSETTS' LEADERSHIP IN THE LIFE SCIENCES TO GROW THE INDUSTRY, ADD VALUE TO THE HEALTH CARE SYSTEM AND IMPROVE PATIENT LIVES.

990 for the year ended December 31, 2024

Program accomplishments

  • MASSACHUSETTS BIOTECHNOLOGY COUNCIL - COSTS INCURRED TO SUPPORT AND PROVIDE A POSITIVE ENVIRONMENT FOR THE BIOTECHNOLOGY INDUSTRY THROUGH EDUCATION, MEETINGS, AND POLICY FORMATION.
    revenue $10,315,747

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2693047
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$29,007,509
Income (IRS master file)
$17,768,651

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$17,768,651$17,657,195$29,007,509IRS
990December 2023$18,520,598$17,553,360$29,829,163XML
990December 2022$16,916,817$15,878,078$31,306,037IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2693047).

Questions about MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC

What is the EIN of MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC?
The employer identification number (EIN) of MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC is 22-2693047.
Is MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1986.
Are donations to MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC?
The 990 for the year ended December 31, 2024 names KENDALLE BURLIN O'CONNELL.
Who are the officers and directors of MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC?
The 990 for the year ended December 31, 2024 lists 49 people; 8 received compensation from the organization, the highest $481,930 (KENDALLE LEE BURLIN O'CONNELL, PRESIDENT & CEO).
How much revenue does MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $17,768,651, expenses of $17,657,195 and total assets of $29,007,509 at year end.

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