2024-11-13T09:42:25-06:00 2023-12-31 990 2023-01-01 060706038 BERMUDA INSTITUTE OF OCEAN SCIENCES BIOS INC BERM 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 VICTORIA MILLETT TREASURER/CONTROLLER 4412971880 2024-11-13 0 2023 2024-10-15 13:58:12Z VICTORIA MILLETT 17 BIOLOGICAL STATION ST GEORGES BD GE 01 18800905 0 X BIOS.ASU.EDU X 1926 NY BIOS'S MISSION IS TO SEEK AND SHARE FUNDAMENTAL KNOWLEDGE THROUGH (CONTINUED IN SCHEDULE O) STATE-OF-THE-ART SCIENTIFIC RESEARCH, WORLD-CLASS FIELD EXPEDITIONS, AND COMPREHENSIVE EDUCATIONAL EXPERIENCES. 19 14 42 0 0 0 14011648 12550434 587526 1199757 36633 130694 4734618 4095980 19370425 17976865 2026161 1908959 0 0 7308769 7809312 0 0 100352 8736859 7292584 18071789 17010855 1298636 966010 41025025 42612324 2434601 2157935 38590424 40454389 X BIOS'S MISSION IS TO SEEK AND SHARE FUNDAMENTAL KNOWLEDGE OF THE OCEANS THROUGH STATE-OF-THE-ART SCIENTIFIC RESEARCH, WORLD-CLASS FIELD EXPEDITIONS, AND COMPREHENSIVE EDUCATIONAL EXPERIENCES. 0 0 13475590 1908958 2901785 SEE SCHEDULE O. 1896740 1969458 SEE SCHEDULE O. 15372330 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 10 0 1 42 1 0 1 BD 0 0 0 0 0 0 0 0 0 0 X 19 14 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X VICTORIA MILLETT 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 PATRICK BARLOW TRUSTEE 0.50 X 0 0 0 J WILLIAM CHARRIER VICE-CHAIR 2.00 X 0 0 0 GRAHAM COLLIS TRUSTEE 0.50 X 0 0 0 CATHERINE DUFFY TRUSTEE 0.50 X 0 0 0 RICHARD FERRETT TRUSTEE 1.00 X 0 0 0 MARK GUISHARD UNTIL NOV 2023 TRUSTEE 0.50 X 0 0 0 MICHAEL D HAMER PHD TRUSTEE 1.00 X 0 0 0 KENRO KUSUMI TRUSTEE 0.50 40.00 X 0 345851 28607 LISA LOO TRUSTEE 1.00 40.00 X 0 595863 39713 ALAN MCGOWAN TRUSTEE 0.50 X 0 0 0 MORGAN OLSEN TRUSTEE 2.00 40.00 X 0 1045194 56702 KEVIN RICHARDS TRUSTEE 0.50 X 0 0 0 RALPH E RICHARDSON TRUSTEE 0.50 X 0 0 0 PETER SCHLOSSER TRUSTEE 2.00 40.00 X 0 504757 28847 MICHAEL SCHRUM TRUSTEE 1.00 X 0 0 0 JAMES N STANARD PHD TRUSTEE 0.50 X 0 0 0 RICHARD STANLEY VICE-CHAIR 1.00 40.00 X 0 274382 54739 BESS WARD PHD TRUSTEE 0.50 X 0 0 0 STEVE WEINSTEIN CHAIR 3.00 X 0 0 0 ANTHONY WILLIAMS TRUSTEE 0.50 X 0 0 0 WILLIAM CURRY PHD PRESIDENT AND CEO 40.00 X 366000 0 15500 VICTORIA MILLETT TREASURER & CONTROLLER 40.00 X 181280 0 9064 GILLIAN HOLLIS ASSIST TO THE PRES AND CEO 40.00 X 95613 0 4781 MURRAY STEIN MARINE SUPERINTENDENT 40.00 X 173124 0 8500 NICHOLAS BATES SENIOR SCIENTIST & DIRECTO 40.00 1.00 X 230000 10000 12000 ERIC HOCHBERG SENIOR SCIENTIST 40.00 X 150822 10000 0 ANDREW PETERS DIRECTOR OF EDUCATION 40.00 X 147496 2404 7375 RICHARD VERLINI EXECUTIVE DIRECTOR 40.00 X 149946 0 0 RODNEY JOHNSON ASSISTANT SCIENTIST 40.00 X 149680 2404 7484 1643961 2790855 273312 8 0 1 0 BERNHARD SCHULTE SHIPMANAGEMENT 5G24877 DORCHESTER HOUS BELMONT HILL DOUGLAS IM IM1 4RE SHIP MANAGEMENT SERVICES (CREW) 442154 3 9676694 2873740 11900 12550434 EDUCATION 611710 1199757 1199757 1199757 170571 170571 373441 0 373441 373441 373441 742170 2000 742186 41861 -16 -39861 -39877 -39861 -16 51185 39993 11192 11192 AFFILIATION SERVICE REVENUE 611710 2800000 2800000 REIMBURSEMENT OF LABOR 611710 686347 686347 DEFERRED MAINTENANCE 611710 225000 225000 3711347 17976865 4871243 0 555188 1260353 1260353 648606 648606 1776615 1149222 627393 4767839 4269566 437828 60445 264989 211605 51236 2148 703431 605180 86936 11315 296438 257098 37609 1731 70000 70000 276 276 799528 698026 87158 14344 6297 6297 218626 182910 30653 5063 59598 57861 1737 479980 472397 7198 385 536536 507527 29009 39480 23319 16161 63101 63101 1979037 1979037 384076 345494 38582 SUPPLIES 1034566 1025050 8215 1301 REPAIRS AND MAINTENANCE 907882 896080 9919 1883 FUEL 713601 713601 17010855 15372330 1538173 100352 3135470 3068349 2448808 7692276 4509279 2236101 1726108 1418657 69183 53602 36685 15352 40232355 26358441 15031504 13873914 14067988 14254073 41025025 42612324 1086580 683758 34497 44107 444079 622782 869445 807288 2434601 2157935 X -248195 3558511 38838619 36895878 38590424 40454389 41025025 42612324 966010 897955 0 X X 0 1 X 1 1 1 X 10686571 21116895 10612144 14011648 12550434 68977692 10686571 21116895 10612144 14011648 12550434 68977692 10875414 58102278 539169 263765 376421 35721 170571 1385647 12317 12317 70375656 6275882 0.82560 0.81930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14090203 27600 897955 761407 276 14254075 17855860 25500 -2955965 775045 59848 14090502 16702617 26500 1924050 727958 69349 17855860 15685985 25600 1772362 722065 59265 16702617 13663319 34941 2685080 697355 15685985 0.09242 0.71715 0.19043 1 0 486850 486850 16721247 10052752 6668495 7784214 5417622 2366592 15240044 10888067 4351977 13873914 ASUF LONG TERM INVESTMENT POOL 14254073 F 14254073 X 18914537 897955 39993 937948 17976589 276 276 17976865 17050572 39993 39993 17010579 276 276 17010855 PART V, LINE 4: THE PURPOSE OF BIOS'S ENDOWMENT FUNDS IS TO PROVIDE LONG-TERM SUPPORT FOR THE INSTITUTION. INCOME FROM DONOR-RESTRICTED ENDOWMENT FUNDS IS UTILIZED BY BIOS IN ACCORDANCE WITH DONOR INTENT. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES: BIOS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGMENT HAS DETERMINED THAT BIOS HAD NO UNCERTAIN INCOME TAX POSITIONS THAT REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. BIOS IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 39,993. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 39,993. 0 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION TO FACILITATE SCIENTIFIC RESEARCH 557298 BERMUDA 1 42 PROGRAM SERVICES TO FACILITATE SCIENTIFIC RESEARCH 12667899 CENTRAL AMERICA AND THE CARRIBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION TO FACILITATE SCIENTIFIC RESEARCH 91308 1 42 0 0 1 42 13316505 0 13316505 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 200045 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 92315 WIRE TRANSFER 0 CAYMAN ISLANDS TO FACILITATE SCIENTIFIC RESEARCH 91308 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 264938 WIRE TRANSFER 0 0 0 0 0 0 0 PART I, LINE 2: USE OF GRANT FUNDS OUTSIDE THE USA ARE SUBJECT TO THE SAME SCRUTINY AS ARE FUNDS INSIDE THE USA. THE FUNDS ARE ISSUED TO THE ORGANIZATION ONLY, BASED ON AN APPROVED PROPOSAL, PERIODIC REPORTS ARE REQUIRED AND FUNDS ARE ONLY RELEASED ON A REIMBURSEMENT BASIS. BIOS MAINTAINS ACCOUNTING PROCEDURES GOVERNING ALL EXPENDITURES INCLUDING GRANT EXPENDITURES IN ITS ACCOUNTING AND POLICIES PROCEDURE MANUAL. GRANT FUNDING IS PROVIDED CONTRACTUALLY VIA SUBAWARD OR GRANT AGREEMENT VIA BIOS. FEDERAL PROJECT GRANT FUNDING FOR SUBAWARDS REQUIRE MONITORING IN TWO AREAS - (A) SUBRECIPIENT INSTITUTION COMPLIANCE WITH THE AUDITING REQUIREMENTS OF OMB CIRCULAR A-133 AND (B) SUBRECIPIENT PROVIDES PIS WITH ROUTINE AND REVIEWING OF TECHNICAL REPORTS AND REVIEW OF INVOICING IN RELATION TO BUDGET. CONTRACTUAL AGREEMENTS DICTATE SCOPE, PERIOD OF PERFORMANCE, AUDIT AND COMPENSATION (COST REIMBURSEMENT) REQUIREMENTS. ALL AGREEMENTS ARE TO FACILITATE SCIENTIFIC RESEARCH IN ACCORDANCE WITH THE ORGANIZATION'S MISSION. THIS IS CONSISTENTLY APPLIED IN US EXPENDITURES AND NON-US EXPENDITURES ALIKE. 1 UNIVERSITY OF RHODE ISLAND 70 LOWER COLLEGE RD KINGSTON RI 028811967 223011455 115 128267 0 TO FACILITATE SCIENTIFIC RESEARCH MARINE BIOLOGICAL LABORATORY 7 MBL ST WOODS HOLE MA 02543 042104690 501(C)(3) 268935 0 TO FACILITATE SCIENTIFIC RESEARCH OREGON STATE UNIVERSITY 312 KERR ADMINISTRATION BUILDING CORVALLIS OR 973312140 611730890 115 212427 0 TO FACILITATE SCIENTIFIC RESEARCH THE REGENTS OF UNIVERSITY OF CALIFORNIA SANTA BARBARA SAASB BUILDING ROOM 1212 SANTA BARBARA CA 931062003 956006145 115 207849 0 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY OF MIAMI 1535 LEVANTE AVENUE ROOM 201A CORAL GABLES FL 33146 590624458 501(C)(3) 158676 0 TO FACILITATE SCIENTIFIC RESEARCH WOODS HOLE OCEANOGRAPHIC INST 266 WOODS HOLE ROAD WOODS HOLE MA 025431050 042105850 501(C)(3) 284199 0 TO FACILITATE SCIENTIFIC RESEARCH 6 0 PART I, LINE 2: BIOS MAINTAINS ACCOUNTING PROCEDURES GOVERNING ALL EXPENDITURES INCLUDING GRANT EXPENDITURES IN ITS ACCOUNTING AND POLICIES PROCEDURE MANUAL. GRANT FUNDING IS PROVIDED CONTRACTUALLY VIA SUBAWARD OR GRANT AGREEMENT VIA BIOS. FEDERAL PROJECT GRANT FUNDING FOR SUBAWARDS REQUIRE MONITORING IN TWO AREAS - (A) SUBRECIPIENT INSTITUTION COMPLIANCE WITH THE AUDITING REQUIREMENTS OF OMB CIRCULAR A-133 AND (B) SUBRECIPIENT PROVIDES PIS WITH ROUTINE AND REVIEWING OF TECHNICAL REPORTS AND REVIEW OF INVOICING IN RELATION TO BUDGET. CONTRACTUAL AGREEMENTS DICTATE SCOPE, PERIOD OF PERFORMANCE, AUDIT AND COMPENSATION (COST REIMBURSEMENT) REQUIREMENTS. ALL AGREEMENTS ARE TO FACILITATE SCIENTIFIC RESEARCH IN ACCORDANCE WITH THE ORGANIZATION'S MISSION. THIS IS CONSISTENTLY APPLIED IN US EXPENDITURES AND NON-US EXPENDITURES ALIKE. X 1 1 X X 0 0 0 0 0 0 0 0 0 MORGAN OLSEN TRUSTEE 0 561251 0 0 0 483943 0 42900 0 13802 0 1101896 0 0 LISA LOO TRUSTEE 0 475613 0 0 0 120250 0 33000 0 6713 0 635576 0 0 PETER SCHLOSSER TRUSTEE 0 439757 0 15000 0 50000 0 23100 0 5747 0 533604 0 0 WILLIAM CURRY PHD PRESIDENT AND CEO 310000 0 0 0 56000 0 15500 0 0 0 381500 0 0 0 KENRO KUSUMI TRUSTEE 0 345851 0 0 0 0 0 23100 0 5507 0 374458 0 0 RICHARD STANLEY VICE-CHAIR 0 234325 0 0 0 40057 0 49312 0 5427 0 329121 0 0 NICHOLAS BATES SENIOR SCIENTIST & DIRECTO 230000 10000 0 0 0 0 12000 0 0 0 242000 10000 0 0 VICTORIA MILLETT TREASURER & CONTROLLER 181280 0 0 0 0 0 9064 0 0 0 190344 0 0 0 MURRAY STEIN MARINE SUPERINTENDENT 170000 0 0 0 3124 0 8500 0 0 0 181624 0 0 0 ERIC HOCHBERG SENIOR SCIENTIST 150256 10000 0 0 566 0 0 0 0 0 150822 10000 0 0 RODNEY JOHNSON ASSISTANT SCIENTIST 149680 2404 0 0 0 0 7484 0 0 0 157164 2404 0 0 ANDREW PETERS DIRECTOR OF EDUCATION 147496 2404 0 0 0 0 7375 0 0 0 154871 2404 0 0 PART I, LINE 1A WILLIAM CURRY RECEIVED A HOUSING BENEFIT IN THE AMOUNT OF $25,000, REPORTED IN SCHEDULE J PART I COLUMN B III. PART I, LINE 3: THE DIRECTORS LISTED ON SCHEDULE J ARE COMPENSATED BY ARIZONA STATE UNIVERSITY. THEIR COMPENSATION IS DETERMINED BY THE UNIVERSITY IN ADHERANCE WITH POLICIES AND APPLICABLE UNIVERSITY GOVERNANCE. RUTH CURRY FAMILY RELATIONSHIP 0 EMPLOYEE 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: RUTH CURRY(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:FAMILY RELATIONSHIP WITH WILLIAM CURRY, PRESIDENT & CEO FORM 990, PART III, LINE 4A SCIENTIFIC RESEARCH: RESEARCH CONDUCTED AT BIOS IS RELEVANT TO THE WATERS SURROUNDING BERMUDA, AS WELL AS THE GLOBAL EARTH SYSTEM, AND IS MULTIDISCIPLINARY, SPANNING THE BIOLOGICAL, CHEMICAL, GEOLOGICAL, AND PHYSICAL SCIENCES. THE MAJOR ACCOMPLISHMENTS OF THE LARGEST PROJECT AT BIOS, THE BERMUDA ATLANTIC TIME-SERIES STUDY, INCLUDES: PROVISION OF CLIMATE-CHANGE RELEVANT UNDERSTANDING OF OCEAN HEALTH AND FUNCTION; PUBLICATION OF MORE THAN THIRTY SCIENTIFIC PAPERS EACH YEAR; SUPPORT OF MORE THAN FIFTY NATIONAL AND INTERNATIONAL SCIENTIFIC COLLABORATORS; AND ACCESS OF SCIENTIFIC DATA TO SEVERAL THOUSAND RESEARCHERS EACH YEAR. IN SUPPORT OF THIS EFFORT, BIOS'S SHIP OPERATIONS CONTRIBUTE TO MULTIDISCIPLINARY MULTI-INSTITUTIONAL SCIENTIFIC RESEARCH WITH NUMEROUS EXPEDITIONS EACH YEAR AVERAGING 150 -250 DAYS AT SEA, BARRING YEARS WHERE A SHIPYARD IS SCHEDULED. IN 2023, 248 SEA DAYS WERE COMPLETED. IN 2024, 203 SEA DAYS ARE CURRENTLY SCHEDULED AND FUNDED IN ADDITION TO A VESSEL MAINTENANCE & REPAIRS SHIPYARD SCHEDULED TO COMMENCE IN DECEMBER 2024 AND COMPLETE IN QUARTER ONE 2025. FORM 990, PART III, LINE 4B EDUCATION: FROM HANDS-ON PROGRAMS FOR BERMUDA GRADE-SCHOOL STUDENTS TO GRADUATE RESEARCH INTERNSHIPS IN OCEANOGRAPHY, BIOS CONDUCTS A VARIETY OF EDUCATION PROGRAMS EACH YEAR THAT PREPARE THE NEXT GENERATION FOR THE SCIENTIFIC AND TECHNICAL CHALLENGES OF THE FUTURE. BIOS'S YEAR-LONG ON-ISLAND EDUCATION PROGRAM, OCEAN ACADEMY, PROVIDES TRAINING AND RESOURCES TO BERMUDA'S GRADE-SCHOOL TEACHERS AND OFFERS HANDS-ON LEARNING EXPERIENCES EACH YEAR. IN 2023, OCEAN ACADEMY SERVED 1,395 LOCAL STUDENTS AND TEACHERS AND ESTABLISHED A NEW EXTENDED REALITY CLASSROOM. UNIVERSITY STUDENTS FROM THE US, UK, CANADA, AND OTHER COUNTRIES AROUND THE WORLD TAKE PART IN BIOS COURSES,RESEARCH INTERNSHIPS, AND OTHER EDUCATIONAL OFFERINGS THAT ENHANCE STUDENTS' IN-CLASSROOM EDUCATION WITH SPECIALIZED INSTRUCTION AND PRACTICAL SCIENTIFIC RESEARCH EXPERIENCE IN BOTH THE LAB AND IN THE FIELD. IN 2023 BIOS UNIVERSITY PROGRAMS OPERATIONS SHOWED STRONG GROWTH FOLLOWING THE IMPACT OF THE GLOBAL PANDEMIC, AND SUCCESSFULLY HOSTED A TOTAL OF 94 STUDENTS: 46 STUDENTS ENROLLED IN THREE SUMMER COURSES, 23 INTERNS, AND 10 FALL SEMESTER PROGRAM STUDENTS. BIOS HOSTED 21 EDUCATIONAL VISITING GROUPS IN 2023, TOTALLING 381 STUDENTS AND INSTRUCTORS, FOR A TOTAL OF 148 NIGHTS AND 2,824 BEDNIGHTS. BIOS ADDITIONALLY HOSTED 9 GROUPS FOR EVENING PROGRAMMING FROM ROAD SCHOLAR INC. IN 2023, TOTALLING 180 PARTICIPANTS. FORM 990, PART VI, SECTION A, LINE 2 (A) NAME OF PERSON: RUTH CURRY (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY RELATIONSHIP WITH WILLIAM CURRY, PRESIDENT & CEO FORM 990, PART VI, SECTION A, LINE 6 ARIZONA STATE UNIVERSITY IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ARIZONA STATE UNIVERSITY IS THE SOLE MEMBER OF THE ORGANIZATION AND HAS THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ARIZONA STATE UNIVERSITY IS THE SOLE MEMBER OF THE ORGANIZATION WITH ULTIMATE CONTROL OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE TREASURER AND CONTROLLER AND AFTER THE INITIAL REVIEW, A DRAFT COPY OF THE TAX RETURN WILL BE SENT TO THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C BIOS INC. HAS A CONFLICT OF INTEREST POLICY GOVERNING ANY INTERESTED PERSON (ANY DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS DIRECT OR INDIRECT FINANCIAL INTEREST) IS AN INTERESTED PERSON, I.E. NOT INDEPENDENT. THIS POLICY IS AFFIRMED ANNUALLY BE ALL DIRECTORS, PRINCIPAL OFFICERS, KEY EMPLOYEES AND MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND CEO IS DETERMINED BY THE COMPENSATION COMMITTEE BASED ON REVIEW OF COMPARABLE STATISTICS AND OTHER SOURCES AS THEY DEEM APPROPRIATE. COMPENSATION OF OTHER OFFICERS AND KEY MANAGEMENT PERSONNEL ARE DETERMINED BY THE PRESIDENT AND CEO WITH THE ADVICE OF THE CHAIRMAN. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM. ARIZONA STATE UNIVERSITY 1151 S FOREST AVE TEMPE AZ 85281 860196696 UNIVERSITY EDUCATION AZ 115 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 ARIZONA STATE UNIVERSITY L 2800000 ARIZONA STATE UNIVERSITY Q 686347 ARIZONA STATE UNIVERSITY Q 225000