2023-08-11T09:36:45-05:00 2022-09-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2021-10-01 520816670 UNIVERSITIES RESEARCH ASSOCIATION INC UNIV 2022931382 1140 19TH STREET NW 900 WASHINGTON DC 20036 JOHN MESTER PRESIDENT 2022931382 2023-08-10 1 JOHN MESTER 999009999 ROBERT WILLIAMS P01345960 5712279500 2023-08-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOHN MESTER 1140 19TH STREET NW 900 WASHINGTON DC 20036 9998363 0 X WWW.URA-HQ.ORG X 1965 DC TO FACILITATE AND MANAGE LABORATORIES FOR RESEARCH AND EDUCATION IN SCIENCE. 13 13 13 13 0 0 74218 531360 5273819 5146451 632887 736701 1887 0 5982811 6414512 351254 436480 0 0 2482584 2612037 0 0 0 1083887 1326772 3917725 4375289 2065086 2039223 19819998 18569709 1165568 708974 18654430 17860735 X UNIVERSITIES RESEARCH ASSOCIATION INC. (URA) IS A NONPROFIT MEMBERSHIP CORPORATION ORGANIZED TO ENGAGE IN RESEARCH, DEVELOPMENT AND EDUCATION IN THE PHYSICAL AND BIOLOGICAL SCIENCES. THE MISSION OF URA IS TO ESTABLISH AND OPERATE IN THE NATIONAL INTEREST LABORATORIES AND FACILITIES FOR RESEARCH, DEVELOPMENT, AND EDUCATION IN THE PHYSICAL AND BIOLOGICAL SCIENCES TO EXPAND THE FRONTIERS OF KNOWLEDGE, FOSTER INNOVATION, AND PROMOTE THE EDUCATION OF FUTURE GENERATIONS OF SCIENTISTS. 1 0 1152618 3837153 NTESS/SNL: URA WAS PART OF THE HONEYWELL PROPOSAL SUBMITTED BY ITS WHOLLY OWNED AFFILIATE, THE NATIONAL TECHNOLOGY & ENGINEERING SOLUTIONS OF SANDIA LLC (NTESS), THAT LED TO THE CONTRACT AWARDED IN DECEMBER 2016 BY DOE/NNSA TO MANAGE AND OPERATE SANDIA NATIONAL LABORATORIES. A NTESS-URA SUBCONTRACT FOR ASSURING SCIENTIFIC EXCELLENCE, PROMOTING THE TALENT PIPELINE AND FACILITATING STRATEGIC ENGAGEMENT WITH ACADEMIA BECAME EFFECTIVE OCTOBER 31, 2018 AND WAS VALID THROUGH APRIL 30, 2022. THE SUBCONTRACT WAS EXTENDED FOR FIVE YEARS, OR THROUGH APRIL 30, 2027. THE NTESS-URA SUBCONTRACT IS A SIGNIFICANT EXPANSION OF URA'S PROGRAM, WHICH INCLUDES URA EMPLOYEES ONSITE AT SANDIA. 426450 337062 URA VISITING SCHOLARS PROGRAM AWARDS: EFFECTIVE JANUARY 1, 2007, URA COMMITTED TO PROVIDE A MINIMUM OF $400,000 PER YEAR OVER FIVE YEARS TO SUPPORT MEMBER UNIVERSITY FACULTY AND STUDENTS TO PERFORM RESEARCH AT FERMILAB. IN 2012, 2016 AND AGAIN IN 2021, THE MEMBER INSTITUTIONS VOTED UNANIMOUSLY TO CONTINUE SUPPORT TO FERMILAB IN THE FORM OF THE VISITING SCHOLARS PROGRAM. THIS COMMITMENT IS FUNDED THROUGH A SERIES OF ANNUAL ASSESSMENTS OF $5,000 FROM EACH EXISTING URA MEMBER INSTITUTION, AND A ONE-TIME ASSESSMENT OF $10,000 FOR NEW MEMBERS. 541591 30000 1309298 FRA/FERMILAB: FROM THE LABORATORY'S ESTABLISHMENT THROUGH DECEMBER 31, 2006, URA WAS RESPONSIBLE FOR ORGANIZING, DESIGNING, CONSTRUCTING, AND OPERATING FERMI NATIONAL ACCELERATOR LABORATORY (FERMILAB) UNDER CONTRACTS WITH THE U.S DEPARTMENT OF ENERGY AND ITS PREDECESSOR AGENCIES. AS OF JANUARY 1, 2007 A NEW CONTRACT TO MANAGE AND OPERATE FERMILAB WAS AWARDED TO THE FERMI RESEARCH ALLIANCE, LLC, AN ILLINOIS 501(C)(3) LIMITED LIABILITY COMPANY. URA HAS A 50% OWNERSHIP IN THE FERMI RESEARCH ALLIANCE, LLC, THE PRIME CONTRACTOR FOR THE OPERATION OF FERMI NATIONAL ACCELERATOR LABORATORY (UNIVERSITY OF CHICAGO OWNS THE REMAINING 50%). URA RECEIVES 50% OF EARNINGS (AS NOTED IN THE PROGRAM REVENUE). AS SUCH, URA EMPLOYEES SPEND TIME MANAGING THIS RELATIONSHIP. AFTER AN INITIAL FIVE-YEAR BASE TERM, THE FERMILAB CONTRACT HAS BEEN EXTENDED BASED ON PERFORMANCE THROUGH DECEMBER 31, 2023. 79741 69418 PIERRE AUGER: URA PROVIDED DIRECT FINANCIAL SUPPORT TO THE PIERRE AUGER PROJECT THROUGH A GRANT FROM THE NATIONAL SCIENCE FOUNDATION. 168124 SNL FELLOWSHIP: IN 2022, URA ENTERED INTO A STRATEGIC PARTNERSHIP AGREEMENT WITH THE U.S. DEPARTMENT OF ENERGY AND OAK RIDGE INSTITUTE FOR SCIENCE AND EDUCATION (ORISE) IN SUPPORT OF THE SANDIA NATIONAL LABORATORIES' MISSION OF RESEARCH, DEVELOPMENT, AND EDUCATION IN THE PHYSICAL AND BIOLOGICAL SCIENCES TO PROMOTE THE EDUCATION OF FUTURE GENERATIONS OF SCIENTISTS. UNDER THIS PARTNERSHIP, URA HAS ESTABLISHED A RESEARCH PARTICIPATION PROGRAM TO PROVIDE OPPORTUNITIES FOR POST-DOCTORAL RESEARCH, POST-GRADUATES, STUDENTS AND UNIVERSITY FACULTY, AND ESTABLISHED SCIENTISTS TO CONDUCT RESEARCH, PARTICIPATE IN URA INITIATIVES AND RECEIVE FINANCIAL SUPPORT FOR URA BASED ACADEMIC ACTIVITIES AT SANDIA NATIONAL LABORATORIES, AS WELL AS OTHER URA-AFFILIATED FACILITIES. ORISE IS ADMINISTERING THE PROGRAM, AND PROGRAM AWARDS ARE CONDITIONAL UPON THE APPROVAL OF APPLICATIONS AND ACTUAL COSTS INCURRED. THE ESTIMATED PROGRAM COST IS $1,200,000 THROUGH SEPTEMBER 30, 2026. 247865 69418 2368524 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 51 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X NAVNEET KAUR 2022931382 1140 19TH STREET NW SUITE 900 WASHINGTON DC 20036 MARTA CEHELSKY EXECUTIVE DIRECTOR 38.00 2.00 X 540327 0 29779 TED WACKLER VICE PRESIDENT 40.00 X 307390 0 66308 DAVID SCHULTZ DIRECTOR, USSO 40.00 X 252186 0 26416 MARTHA RUBENSTEIN CFO/TREASURER 32.00 X 192442 0 21868 MARY EGGER CHIEF COUNSEL 24.00 X 162245 0 18703 JOHN MESTER PRESIDENT 38.00 2.00 X 131250 0 24412 TIGIST GEBEYEHU SR. FINANCE & OPERATIONS ANALYST 40.00 X 125108 0 21473 DAVETTA TRUJILLO USSO BUSINESS AND FINANCE 40.00 X 117232 0 21105 ERIC BARRON EXECUTIVE CHAIR, BOARD OF TRUSTEES 2.00 X X 0 0 0 WILLIAM H JOYCE VICE CHAIR, BOARD OF TRUSTEES 2.00 1.00 X X 0 0 0 BARRY BARISH BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 DAVID LEEBRON BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 GREGORY FENVES BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 GENE BLOCK BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 HARRIS PASTIDES BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 JONATHAN HOLLOWAY BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 MARY SUE COLEMAN BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 NORMAN R AUGUSTINE BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 LISA C FREEMAN BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 ROBERT ROBBINS BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 TIMOTHY SANDS BOARD OF TRUSTEES MEMBER 1.00 X 0 0 0 1828180 0 230064 8 0 1 0 SMITH SCIENCE STRATEGIES LLC 2840 HURST TER NW WASHINGTON DC 20016 PROGRAM CONSULTING SERVICES 150750 MARCUM LLP 1899 L STREET NW SUITE 80 WASHINGTON DC 20036 FINANCIAL & HR CONSULTING SERVICES 124158 2 76360 455000 531360 NTESS 900099 3837153 3837153 DISTRIBUTION FROM FRA 900099 1309298 1309298 5146451 550760 550760 3769792 3583851 185941 185941 185941 6414512 5146451 0 736701 X 313418 313418 20000 20000 103062 103062 1808825 670818 1138007 481792 379934 101858 78442 49829 28613 111293 43674 67619 131685 62400 69285 933 933 168129 168129 11824 11824 513352 366209 147143 31811 13607 18204 63824 38232 25592 239511 99899 139612 147314 138777 8537 31639 439 31200 49522 27642 21880 9249 5162 4087 OVERHEAD 26632 26632 NON CAPITAL EQUIPMENT 15726 8778 6948 MEMBERSHIP DUES & LICEN 10516 12 10504 JOURNALS, PUBLICATIONS 1224 1224 5566 5566 4375289 2368524 2006765 0 100 100 3546507 3752956 994113 1001072 41996 129527 536065 395119 172052 140946 13251880 12073024 1439899 1405960 373451 66124 19819998 18569709 456691 366559 56201 72254 652676 270161 1165568 708974 X 18054584 17176657 599846 684078 18654430 17860735 19819998 18569709 2039223 -2832918 0 X 0 1 X 1 0 X 3000622 4305006 540096 74218 531360 8451302 3000622 4305006 540096 74218 531360 8451302 8451302 298137 313232 375011 356432 550760 1893572 40 70 1887 1997 10346871 17792690 0.81680 0.85700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 446177 332763 113414 89888 62356 27532 140946 INVESTMENT IN FERMI RESEARCH ALLIANCE, LLC 1059298 F ALTERNATIVE INVESTMENTS 346662 F 1405960 403(B) LIABILITY 18397 DEFERRED RENT 238878 FSA WITHHOLDING LIABILITY 333 CAPITAL LEASE OBLIGATION 12553 270161 X 3601464 -2832918 31694 -2801224 6402688 11824 11824 6414512 4395159 31694 31694 4363465 11824 11824 4375289 PART X, LINE 2: UNIVERSITIES RESEARCH ASSOCIATION, INC. (URA) HAS RECEIVED A LETTER FROM THE INTERNAL REVENUE SERVICE (IRS) INDICATING THAT IT HAS BEEN RECOGNIZED BY THE IRS AT TAX-EXEMPT UNDER SECTION501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND, AS SUCH, EXCEPT FOR TAXES PERTINENT TO UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. URA HAS NO UNRELATED BUSINESS INCOME IN 2022 AND 2021. URA HAS ANALYZED ITS TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE TAXING AUTHORITIES. AS OF SEPTEMBER 30, 2022 AND 2021, IT BELIEVES THAT THE TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON ITS FINANCIAL POSITION, CHANGES IN NET ASSETS, OR CASH FLOWS. GENERALLY, URA'S TAX RETURNS REMAIN OPEN FOR FEDERAL AND STATE INCOME TAX EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 103062 0 0 0 0 0 0 103062 0 103062 EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 18000 WIRE TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 5644 WIRE TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) RESEARCH 69418 WIRE TRANSFER 0 N/A N/A 3 RESEARCH - URA AWARD EUROPE (INCLUDING ICELAND & GREENLAND) 1 10000 WIRE TRANSFER N/A N/A 0 0 0 0 0 0 PART I, LINE 2: VSP- UNIVERSITIES RESEARCH ASSOCIATION, INC. (URA) MANAGERIAL CONTROL OVER THE COLLECTION OF VISITING SCHOLAR ASSESSMENTS (VSP) FUNDS AND THE DISPOSITION OF AWARDS FROM THOSE FUNDS. IN ORDER TO ACCOMPLISH THE AWARD PROCESS, THE PRESIDENT SOLICITS SCIENTISTS FROM THE MEMBERSHIP TO SERVE ON THE PEER REVIEW COMMITTEE TO REVIEW RESEARCH PROPOSALS AND RECOMMEND AWARDS. DURING THOSE MEETINGS, THE PRESIDENT IS AN ACTIVE PARTICIPANT, PROVIDES COMMENTARY AND ENFORCEMENT OF URA GUIDELINES, AND CAN INDICATE WHEN A POTENTIAL AWARD IS NOT IN KEEPING WITH THOSE GUIDELINES (INCLUDING MEMBERS IN QUESTIONABLE STANDING WHO MAY BE BEHIND ON ASSESSMENTS).IN PROVIDING PROGRESS PAYMENTS FOR THE VSP AWARDS, URA PROVIDES THE AWARDED INSTITUTIONS WITH A COPY OF THE AWARD DOCUMENT (INDICATING THE APPROVED AMOUNTS BY LINE ITEM CATEGORY AND THE AWARD PERIOD). PROGRESS PAYMENTS ARE MADE TO THE INSTITUTION, NOT THE PRINCIPAL INVESTIGATOR. THE INSTITUTIONAL BILLING COMES THROUGH THEIR OFFICE OF GRANTS AND CONTRACTS. IT IS CERTIFIED, BY SIGNATURE, THAT THE BILLING IS APPROPRIATE, WITHIN THE SCOPE OF THE AWARD AND ITS BUDGETED PURPOSES, AND HAS BEEN DULY EXPENDED). URA AWARDS: URA ANNUALLY FUNDS THREE HONORARY COMPETITIVE AWARDS FOR WORK CONDUCTED AT FERMILAB OR IN COLLABORATION WITH FERMILAB SCIENTISTS BY OUTSTANDING YOUNG SCIENTISTS: ONE THAT HONORS THE MOST OUTSTANDING DOCTORAL THESIS, ONE FOR OUTSTANDING WORK CONDUCTED BY A POSTDOCTORAL RESEARCHER, AND ONE FOR OUTSTANDING WORK CONDUCTED BY AN EARLY CAREER RESEARCHER AT FERMILAB OR BENEFITING THE FERMILAB SCIENTIFIC PROGRAM. PIERRE AUGER URA SUPPORTS DIRECT FINANCIAL SUPPORT TO THE PIERRE AUGER PROJECT THROUGH A GRANT FROM THE NATIONAL SCIENCE FOUNDATION. PART III ACCOUNTING METHOD: 1 BOSTON UNIVERSITY 881 COMMONWEALTH AVENUE BOSTON MA 02215 042103547 501(C)3) 8165 0 N/A N/A RESEARCH COLORADO STATE UNIVERSITY 6003 CAMPUS DELIVERY 555 S HOWES ST FORT COLLINS CO 80523 846000545 501(C)3) 17071 0 N/A N/A RESEARCH ILLINOIS INSTITUTE OF TECHNOLOGY 3424 SOUTH STATE STREE TC-4TH FLOOR CHICAGO IL 60616 362170136 501(C)3) 10740 0 N/A N/A RESEARCH IOWA STATE UNIVERSITY 2221 WANDA DALEY DRIVE ADMINISTRATIVE SERVICES BLDG AMES IA 50011 426004224 501(C)3) 21419 0 N/A N/A RESEARCH NEW MEXICO STATE UNIVERSITY MSC 3AA PO BOX 30001 LAS CRUCES NM 88003 856000401 501(C)3) 18747 0 N/A N/A RESEARCH NORTHERN ILLINOIS UNIVERSITY 1425 W LINCOLN HWY DEKALB IL 60115 366086819 501(C)3) 15000 0 N/A N/A RESEARCH NORTHWESTERN UNIVERSITY 633 CLARK STREET EVANSTON IL 60208 362167817 501(C)3) 49795 0 N/A N/A RESEARCH TUFTS UNIVERSITY 169 HOLLAND STREET ATTN TAX DEPT SOMERVILLE MA 02144 042103634 501(C)3) 8080 0 N/A N/A RESEARCH UNIVERSITY OF CHICAGO 1225 E 60TH STREET CHICAGO IL 60637 362177139 501(C)3) 12500 0 N/A N/A RESEARCH UNIVERSITY OF HOUSTON SYSTEM 4302 UNIVERSITY DRIVE ROOM 203 HOUSTON TX 77204 746001399 501(C)3) 5017 0 N/A N/A RESEARCH UNIVERSITY OF IOWA 105 JESSIP HALL IOWA CITY IA 52242 426004813 501(C)3) 34599 0 N/A N/A RESEARCH UNIVERSITY OF KENTUCKY 301 PETERSON SERVICE BUILDING LEXINGTON KY 40506 311030245 501(C)3) 11156 0 N/A N/A RESEARCH UNIVERSITY OF MICHIGAN 500 S STATE ST ANN ARBOR MI 48109 386006309 501(C)3) 25110 0 N/A N/A RESEARCH UNIVERSITY OF NOTRE DAME 1219 E ANGELA BLVD NOTRE DAME IN 46556 350868188 501(C)3) 8306 0 N/A N/A RESEARCH UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DR AUSTIN TX 78712 746000203 501(C)3) 8840 0 N/A N/A RESEARCH WAYNE STATE UNIVERSITY PO BOX 02788 DETROIT MI 48202 382174757 501(C)3) 29609 0 N/A N/A RESEARCH YALE UNIVERSITY PO BOX 1873 NEW HAVEN CT 06520 060646973 501(C)3) 5755 0 N/A N/A RESEARCH 17 0 RESEARCH AWARD 2 20000 N/A N/A PART I, LINE 2: UNIVERSITIES RESEARCH ASSOCIATION, INC. (URA) HAS COMPLETE MANAGERIAL CONTROL OVER THE COLLECTION OF VISITING SCHOLAR ASSESSMENTS (VSP) FUNDS AND THE DISPOSITION OF AWARDS FROM THOSE FUNDS. IN ORDER TO ACCOMPLISH THE AWARD PROCESS, THE PRESIDENT SOLICITS SCIENTISTS FROM THE MEMBERSHIP TO SERVE ON THE PEER REVIEW COMMITTEE TO REVIEW RESEARCH PROPOSALS AND RECOMMEND AWARDS. DURING THOSE MEETINGS THE PRESIDENT IS AN ACTIVE PARTICIPANT, PROVIDES COMMENTARY AND ENFORCEMENT OF URA GUIDELINES, AND CAN INDICATE WHEN A POTENTIAL AWARD IS NOT IN KEEPING WITH THOSE GUIDELINES (INCLUDING MEMBERS IN QUESTIONABLE STANDING WHO MAY BE BEHIND ON ASSESSMENTS). IN PROVIDING PROGRESS PAYMENTS FOR THE VSP AWARDS, URA PROVIDES THE AWARDED INSTITUTIONS WITH A COPY OF THE AWARD DOCUMENT (INDICATING THE APPROVED AMOUNT BY LINE ITEM CATEGORY AND THE AWARD PERIOD). PROGRESS PAYMENTS ARE MADE TO THE INSTITUTION, NOT THE PRINCIPAL INVESTIGATOR. THE INSTITUTIONAL BILLING COMES THROUGH THEIR OFFICE OF GRANTS AND CONTRACTS. IT IS CERTIFIED, BY SIGNATURE, THAT THE BILLING IS APPROPRIATE, WITHIN THE SCOPE OF THE AWARD AND ITS BUDGETED PURPOSES, AND HAS BEEN DULY EXPENDED). X X X 0 0 0 0 0 0 0 0 0 MARTA CEHELSKY EXECUTIVE DIRECTOR 540327 0 0 0 0 0 29000 0 779 0 570106 0 0 0 TED WACKLER VICE PRESIDENT 307390 0 0 0 0 0 29000 0 37308 0 373698 0 0 0 DAVID SCHULTZ DIRECTOR, USSO 252186 0 0 0 0 0 25208 0 1208 0 278602 0 0 0 MARTHA RUBENSTEIN CFO/TREASURER 192442 0 0 0 0 0 19234 0 2634 0 214310 0 0 0 MARY EGGER CHIEF COUNSEL 162245 0 0 0 0 0 16214 0 2489 0 180948 0 0 0 JOHN MESTER PRESIDENT 131250 0 0 0 0 0 13125 0 11287 0 155662 0 0 0 FORM 990, PART III, LINE 2 IN 2022, URA ENTERED INTO A STRATEGIC PARTNERSHIP AGREEMENT WITH THE U.S. DEPARTMENT OF ENERGY AND OAK RIDGE INSTITUTE FOR SCIENCE AND EDUCATION (ORISE) IN SUPPORT OF THE SANDIA NATIONAL LABORATORIES' MISSION OF RESEARCH, DEVELOPMENT, AND EDUCATION IN THE PHYSICAL AND BIOLOGICAL SCIENCES TO PROMOTE THE EDUCATION OF FUTURE GENERATIONS OF SCIENTISTS. UNDER THIS PARTNERSHIP, URA HAS ESTABLISHED A RESEARCH PARTICIPATION PROGRAM TO PROVIDE OPPORTUNITIES FOR POST-DOCTORAL RESEARCH, POST-GRADUATES, STUDENTS AND UNIVERSITY FACULTY, AND ESTABLISHED SCIENTISTS TO CONDUCT RESEARCH, PARTICIPATE IN URA INITIATIVES AND RECEIVE FINANCIAL SUPPORT FOR URA BASED ACADEMIC ACTIVITIES AT SANDIA NATIONAL LABORATORIES, AS WELL AS OTHER URA-AFFILIATED FACILITIES. ORISE IS ADMINISTERING THE PROGRAM, AND PROGRAM AWARDS ARE CONDITIONAL UPON THE APPROVAL OF APPLICATIONS AND ACTUAL COSTS INCURRED. THE ESTIMATED PROGRAM COST IS $1,200,000 THROUGH SEPTEMBER 30, 2026. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTE OF THE BOARD COMPOSED OF THE CHAIR OF THE BOARD OF TRUSTEES, THE PRESIDENT OF THE CORPORATION, AND NOT FEWER THAN THREE NOR MORE THAN FIVE OTHER TRUSTEES AS THE BOARD OF TRUSTEES MAY DETERMINE FROM TIME TO TIME AT ITS ANNUAL MEETING. THE CHAIR OF THE BOARD OF TRUSTEES SHALL BE THE CHAIR OF THE EXECUTIVE COMMITTEE OF THE BOARD. EXECUTIVE COMMITTEE OF THE BOARD SHALL, IN THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD OF TRUSTEES, HAVE THE IMMEDIATE CHARGE, MANAGEMENT, AND CONTROL OF THE ACTIVITIES AND AFFAIRS OF THE CORPORATION, AND IT SHALL HAVE FULL POWER TO DO ANY AND ALL THINGS IN RELATION TO THE ACTIVITIES AND AFFAIRS OF THE CORPORATION, AND TO EXERCISE ANY POWERS OF THE BOARD OF TRUSTEES WHICH ARE NOT SPECIFICALLY REQUIRED BY LAW OR BY THESE BYLAWS TO BE DONE OR EXERCISED BY THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 91 INSTITUTIONAL UNIVERSITY MEMBERS, EACH REPRESENTED IN THE COUNCIL OF PRESIDENTS (COP) BY THE UNIVERSITY PRESIDENT OR CHANCELLOR. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COP HAS ONE VOTE. THE COP ELECTS MEMBERS OF THE BOARD OF TRUSTEES BY THE MAJORITY OF VOTES CAST. FORM 990, PART VI, SECTION A, LINE 7B THE COP MAY DISAPPROVE ANY ASSESSMENTS FIXED BY THE BOARD OF TRUSTEES; ELECT NEW MEMBER UNIVERSITIES NOMINATED BY THE BOARD; AND APPROVE ANY AMENDMENTS TO THE BYLAWS PROPOSED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND ITS EXTERNAL ACCOUNTANTS REVIEW THE 990. THEN THE AUDIT COMMITTEE ASSUMES THE PRINCIPAL RESPONSIBILITY FOR REVIEWING THE 990 ON BEHALF OF THE BOARD OF TRUSTEES. THE BOARD RECEIVES A COPY PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO THE ANNUAL ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE OF ANY CONFLICTS, ALL OFFICERS AND TRUSTEES ARE UNDER A CONTINUING AND AFFIRMATIVE OBLIGATION TO DISCLOSE ANY CONFLICTS THAT MAY COME UP DURING THE YEAR. TRUSTEES AND MEMBERS OF COMMITTEES REPORT ANY CONFLICTS TO THE BOARD AND GENERAL COUNSEL, AND OTHER OFFICERS REPORT ANY CONFLICTS TO THE EXECUTIVE DIRECTOR AND GENERAL COUNSEL. THE BOARD RESOLVES ISSUES AMONG BOARD AND COMMITTEE MEMBERS IN CONSULTATION WITH THE GENERAL COUNSEL AND EXECUTIVE DIRECTOR, AND THE EXECUTIVE DIRECTOR RESOLVES ISSUES INVOLVING OTHER OFFICERS IN CONSULTATION WITH THE GENERAL COUNSEL. RECUSAL FROM ANY CONFLICTED MATTER IS THE PRACTICE. THE URA EMPLOYEE MANUAL ALSO CONTAINS A CONFLICT OF INTEREST POLICY COVERING ALL EMPLOYEES, AND IT DESCRIBES THE PROCESS FOR DISCLOSURE TO THE EXECUTIVE DIRECTOR AND RESOLUTION OF ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION SURVEYS PUBLISHED BY INDEPENDENT THIRD-PARTY ORGANIZATIONS AND SALARY INFORMATION FROM FILED 990 REPORTS OF COMPARABLE ORGANIZATIONS' EXECUTIVE OFFICER ARE COLLECTED EACH YEAR BY THE GENERAL COUNSEL AND PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD WHICH MAKES A RECOMMENDATION TO THE FULL BOARD FOR ITS APPROVAL. PERIODICALLY, MOST RECENTLY, IN 2022, URA CONTRACTS WITH AN INDEPENDENT ENTITY TO COLLECT AND PROVIDE COMPARABLE COMPENSATION DATA. THE EXECUTIVE COMMITTEE AND BOARD CONDUCT THEIR DISCUSSION AND DECISION-MAKING WITH MEMBERS ONLY. COMMITTEE AND BOARD MINUTES AND A MEMORANDUM FROM THE EXECUTIVE CHAIR DOCUMENT THIS PROCESS AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G HUMAN RESOURCE FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 36,508. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,508. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 128,980. MANAGEMENT AND GENERAL EXPENSES 67,363. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 196,343. RECRUITMENT & ADVERTISING FEES: PROGRAM SERVICE EXPENSES 1,647. MANAGEMENT AND GENERAL EXPENSES 43,272. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,919. STIPENDS FEES: PROGRAM SERVICE EXPENSES 117,832. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,832. HONARARIA: PROGRAM SERVICE EXPENSES 117,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,750. FERMI RESEARCH ALLIANCE LLC PO BOX 500 BATAVIA IL 60510 571239010 RESEARCH IL 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 FERMI RESEARCH ALLIANCE S 1309298 NET REALIZABLE VALUE