2024-05-15T09:45:59-05:00 2023-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD - SUITE 302 WESTBOROUGH MA 01581 990 2023-01-01 833891656 THE TERMEER FOUNDATION INC TERM 6179574054 396 OCEAN AVENUE MARBLEHEAD MA 01945 CATHARINE SMITH EXECUTIVE DIRECTOR 6179774054 2024-05-13 1 CATHARINE SMITH 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2024-05-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BELINDA TERMEER 396 OCEAN AVENUE MARBLEHEAD MA 01945 1735353 0 X TERMEERFOUNDATION.ORG X 2019 MA THE ORGANIZATION WAS ESTABLISHED TO CONTINUE THE WORK OF THE LATE HENRI TERMEER. THE ORGANIZATION WILL PROVIDE A FORUM FOR BIOTECHNOLOGY LEADERS WHO, LIKE HENRI, WISH TO VOLUNTEER TO EDUCATE AND MENTOR YOUNGER AND ASPIRING BIOTECHNOLOGY ENTREPRENEURS, TO GIVE THEM THE TOOLS THEY NEED TO DEVELOP CAREERS IN CUTTING-EDGE SCIENCE AND PATIENT CARE, WHICH IN TURN WILL CREATE OPPORTUNITIES FOR SCIENTIFIC ADVANCEMENTS TO ADDRESS IMPORTANT UNMET AND CRITICAL MEDICAL NEEDS. IN ADDITION, THROUGH THE LEADERSHIP AND VOLUNTEERISM OF THESE MENTORS, THE ORGANIZATION WILL FOSTER SCIENTIFIC AND MEDICAL COLLABORATION, AND SUPPORT OPPORTUNITIES FOR INTERDISCIPLINARY RESEARCH TO ADVANCE INNOVATION IN SCIENCE AND MEDICINE. 7 7 7 50 0 0 1195832 924333 0 0 16720 -403104 0 0 1212552 521229 95000 60630 0 0 503781 936262 46300 79246 476532 386085 802463 1031166 1878601 181386 -1357372 1796459 1118396 81807 430558 1714652 687838 X BUILDING ON THE BOLD LEGACY OF HENRI TERMEER TO IDENTIFY AND EMPOWER PEOPLE WHO CAN BRING LIFE-CHANGING TREATMENTS TO PATIENTS. 0 0 967787 60630 0 THE TERMEER FOUNDATION IS A NONPROFIT ORGANIZATION WORKING TO VIBRANTLY CONNECT THE WORLD OF HEALTHCARE INNOVATORS UNTIL EVERY PATIENT HAS A CURE. IN 2023, THE TERMEER FOUNDATION TEAM CONTINUED TO BUILD ITS VALUES-BASED LEADERSHIP MODEL, DELIVERING 75 HOURS OF LEADERSHIP PROGRAMMING, 16 TRAINING SESSIONS (11 VIRTUAL AND 5 IN-PERSON), 8 MENTOR-LED PANELS AND DISCUSSIONS, 10 IN-PERSON NETWORK BUILDING EVENTS, CREATING 200+ MENTORING CONNECTIONS AND 56 HOURS OF COACHING. THE FOUNDATION INDUCTED 13 NEW FELLOWS, INCLUDING ONE TRANSATLANTIC CONNECTIONS AWARD HONOREE, FOR A TOTAL OF 46 FELLOWS, AND AWARDED THE SECOND ANNUAL TERMEER SCHOLARS GRANT. THE FOUNDATION CONTINUED SUPPORT OF THE TERMEER STUDENTS PROGRAM INCLUDING THE HENRI A. TERMEER EDUCATOR GRANT AWARD, HENRI A. TERMEER STUDENT SCHOLARSHIP AWARD AT MASSACHUSETTS BIOTECHNOLOGY EDUCATION FOUNDATION, AS WELL AS SUPPORT OF LIFE SCIENCE CARES, SCIENCE CLUB FOR GIRLS AND BIOMEDICAL SCIENCE CAREER PROGRAM AT HARVARD MEDICAL SCHOOL. 967787 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 MA AL AK AR CA CO CT DC FL GA HI KS KY LA ME MD MI MN MO NV NH NJ NM NY NC ND OH OK OR SC TN TX UT VA WA WV WI X X X CATHARINE SMITH 6179574054 396 OCEAN AVENUE MARBLEHEAD MA 01945 BELINDA TERMEER PRESIDENT & CLERK 0.50 X X 0 0 0 ALAN WALTS TREASURER 0.50 X X 0 0 0 GAIL MADERIS DIRECTOR 0.50 X 0 0 0 JOHN MARAGANORE DIRECTOR 0.50 X 0 0 0 JOAN REEDE DIRECTOR 0.50 X 0 0 0 PAUL HASTINGS DIRECTOR 0.50 X 0 0 0 ALICE POMPONIO DIRECTOR 0.50 X 0 0 0 CATHARINE SMITH EXECUTIVE DIRECTOR 40.00 X 279963 0 26436 CHRISTINE COLE SENIOR DIRECTOR, PHILANTHROPY AND PARTNERSHIPS 40.00 X 148055 0 27282 ERICA MAWBY-ROCHE SENIOR DIRECTOR OF PROGRAMS 40.00 X 155325 0 27342 583343 0 81060 3 0 1 0 0 924333 924333 45863 45863 765157 1214124 -448967 -448967 -448967 521229 0 0 -403104 60630 60630 318132 104300 107522 106310 472920 282999 28943 160978 23955 13816 3210 6929 65294 34883 7330 23081 55961 28934 9010 18017 12250 12250 50325 50325 79246 79246 155944 17926 133026 4992 17630 17630 18472 1516 12456 4500 133120 66560 19968 46592 127060 89252 22071 15737 5340 5340 3501 3501 TERMEER FELLOWS EXPENSE 259993 248143 1700 10150 TERMEER SCHOLAR EXPENSE 12272 12272 OTHER PROGRAM INITIATIV 6500 6500 TERMEER STUDENTS EXPENS 56 56 1878601 967787 434282 476532 180422 121653 676277 595397 11700 5000 2521 1960 1401 561 883566 20000 25500 23093 370285 1796459 1118396 81807 68629 0 361929 81807 430558 X 1714652 687838 1714652 687838 1796459 1118396 -1357372 330558 0 X 0 1 X 0 0 X 63107 2427170 257782 1195382 924333 4867774 63107 2427170 257782 1195382 924333 4867774 3353273 1514501 24 232 1764 16720 45863 64603 9 9 4932386 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2521 1960 561 561 SECURITY DEPOSITS 9960 OPERATING LEASE RIGHT-OF-USE ASSETS 360325 370285 OPERATING LEASE LIABILITY 361929 361929 851787 330558 330558 521229 0 521229 1878601 0 1878601 0 1878601 X X X X 1 NEW KENSINGTON GROUP 4 JOHN PIERSON LANE NORTH READING MA 01864 DEVELOPMENT CONSULTANT 0 0 12500 0 SUZANNE PICHER CONSULTING 9 HOLLIS STREET WELLESLEY MA 02482 DEVELOPMENT CONSULTANT 0 0 32246 0 SCHULTZ & WILLIAMS INC 1617 JOHN F KENNEDY BLVD PHILADELPHIA PA 19103 CAPITAL CAMPAIGN CONSULTANT 0 0 34500 0 79246 AL AK AR CA CO CT DC FL GA HI KS KY LA ME MD MA MI MN MO NV NH NJ NM NY NC ND OH OK OR SC TN TX UT VA WA WV WI 1 BIOMEDICAL SCIENCE CAREERS PROJECT INC 164 LONGWOOD AVE 204 BOSTON MA 02115 043241307 501(C)3 10000 0 N/A N/A TERMEER SCHOLAR AWARD SCIENCE CLUB FOR GIRLS 136 MAGAZINE STREET 2 CAMBRIDGE MA 02139 141892866 501(C)3 10000 0 N/A N/A TERMEER SCHOLAR AWARD THE N 1 COLLABORATIVE INC 7 CAROLE PLACE SOMERVILLE MA 02143 882591503 501(C)3 25000 0 N/A N/A TERMEER SCHOLAR AWARD LIFE SCIENCE CARES INC PO BOX 425486 CAMBRIDGE MA 02142 812435939 501(C)3 10630 0 N/A N/A TERMEER SCHOLAR AWARD 4 0 PART I, LINE 2: THE TERMEER FOUNDATION DISBURSES GRANTS THROUGH AN APPLICATION PROCESS. GRANTEES INFORM THE FOUNDATION OF THE USE OF FUNDS THROUGHOUT THE PROJECT AND PROVIDE A SUMMARY REPORT AT THE END OF THE GRANT PERIOD. X X 0 0 0 0 0 0 0 0 0 CATHARINE SMITH EXECUTIVE DIRECTOR 279963 0 0 0 0 0 15046 0 11390 0 306399 0 0 0 ERICA MAWBY-ROCHE SENIOR DIRECTOR OF PROGRAMS 155325 0 0 0 0 0 9321 0 18021 0 182667 0 0 0 CHRISTINE COLE SENIOR DIRECTOR, PHILANTHROPY AND PA 148055 0 0 0 0 0 8322 0 18960 0 175337 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS A DRAFT COPY OF THE 990 AND DIRECTS ANY QUESTIONS OR CORRECTIONS TO THE 990 PREPARER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST OR PERSONAL INTEREST AND ALL MATERIAL FACTS TO THE DIRECTORS, OFFICERS AND MEMBERS OF ANY COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST OR PERSONAL INTEREST, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS ADOPTED A POLICY FOR DETERMINING COMPENSATION, IF AND WHEN HIRING OCCURS, THAT INCLUDES 1)INDIVIDUALS THAT APPROVE COMPENSATION ARRANGEMENTS FOLLOW THE ORGANZIATION'S CONFLICT OF INTEREST POLICY, 2)COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE OF PAYING COMPENSATION, 3)DATES AND TERMS OF APPROVED COMPENSATION ARRANGEMENTS ARE DOCUMENTED IN WRITING, 4)RECORDING IN WRITING THE DECISION MADE BY EACH INDIVIDUAL WHO DECIDED OR VOTED ON THE COMPENSATION ARRANGEMENT, 5)APPROVING COMPENSATION ARRANGEMENTS BASED ON INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, OR ACTUAL WRITTEN OFFERS FROM SIMILARYLY SITUATED ORGANIZATIONS, AND 6)RECORDING IN WRITING BOTH THE INFORMATION RELIED ON AND ITS SOURCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANZIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY (CONTAINED WITHIN ITS BYLAWS), AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.