2023-11-15T17:55:51-06:00 2022-12-31 990 2022-01-01 060706038 BERMUDA INSTITUTE OF OCEAN SCIENCES BIOS INC BERM 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 VICTORIA MILLETT TREASURER/CONTROLLER 4412971880 2023-11-15 VICTORIA MILLETT 999009999 0 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z VICTORIA MILLETT 17 BIOLOGICAL STATION ST GEORGES BD GE 01 20131526 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 45 0 0 0 10612144 14011648 1137678 587526 5638 36633 138488 4734618 11893948 19370425 1675753 2026161 0 0 6559169 7308769 0 0 92922 7211598 8736859 15446520 18071789 -3552572 1298636 48144596 41025025 7896844 2434601 40247752 38590424 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 14862285 2026161 3632704 SEE SCHEDULE O. 1447416 1335333 SEE SCHEDULE O. 16309701 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 14 0 1 45 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 0.00 X 0 0 0 JOSE CARDENAS UNTIL FEB 2022 TRUSTEE 0.50 40.00 X 0 447006 23768 J WILLIAM CHARRIER VICE-CHAIR 10.00 0.00 X 0 0 0 GRAHAM COLLIS TRUSTEE 0.50 0.00 X 0 0 0 CATHERINE DUFFY TRUSTEE 0.50 0.00 X 0 0 0 RICHARD FERRETT TRUSTEE 1.00 0.00 X 0 0 0 MARK GUISHARD TRUSTEE 0.50 0.00 X 0 0 0 MICHAEL D HAMER PHD TRUSTEE 1.00 0.00 X 0 0 0 PAUL HANLE PHD UNTIL FEB 2022 TRUSTEE 1.00 0.00 X 0 0 0 KENRO KUSUMI TRUSTEE 0.50 40.00 X 0 326100 4525 LISA LOO TRUSTEE 1.00 40.00 X 0 448218 15326 ALAN MCGOWAN TRUSTEE 0.50 0.00 X 0 0 0 MORGAN OLSEN TRUSTEE 2.00 40.00 X 0 961274 31802 RALPH E RICHARDSON TRUSTEE 0.50 0.00 X 0 0 0 PETER SCHLOSSER TRUSTEE 2.00 40.00 X 0 488757 5747 MICHAEL SCHRUM TRUSTEE 2.00 0.00 X 0 0 0 JAMES N STANARD PHD TRUSTEE 0.50 0.00 X 0 0 0 RICHARD STANLEY VICE-CHAIR 1.00 40.00 X 0 295989 31783 BESS WARD PHD TRUSTEE 0.50 0.00 X 0 0 0 STEVE WEINSTEIN CHAIR 2.20 0.00 X 0 0 0 ANTHONY WILLIAMS TRUSTEE 0.50 0.00 X 0 0 0 WILLIAM CURRY PHD PRESIDENT AND CEO 40.00 0.00 X 402823 0 10964 WILLIAM GRAHAM-WELTON UNTIL 92022 CHIEF FINANCIAL & OPERATING OFFICER 40.00 0.00 X 202966 0 13565 VICTORIA MILLETT TREASURER & CONTROLLER 40.00 0.00 X 173040 0 9827 GILLIAN HOLLIS ASSIST TO THE PRES AND CEO, SECRETARY TO BOARD 40.00 0.00 X 91267 0 8421 NICHOLAS BATES SENIOR SCIENTIST & DIRECTOR OF RESEARCH 40.00 1.00 X 235789 5000 15460 MURRAY STEIN MARINE SUPERINTENDENT 40.00 0.00 X 160519 0 1119 RICHARD VERLINI EXECUTIVE DIRECTOR 40.00 0.00 X 156649 0 13126 ANDREW PETERS DIRECTOR OF EDUCATION 40.00 0.00 X 140595 0 9511 JULIUS BARSI BIOLOGIST 40.00 0.00 X 130252 0 8308 RODNEY JOHNSON ASSISTANT SCIENTIST 40.00 0.00 X 120419 0 13249 KAITLIN BAIRD DIRECTOR OF EDUCATION AND COMMUNITY ENGAGEMENT 40.00 0.00 X 119269 0 2496 1933588 2972344 218997 10 0 1 0 BAE SYSTEMS JACKSONVILLE SHIP PO BOX 71209 CHARLOTTE NC 282721209 RVAE SHIPYARD/REPAIRS - SHIPYARD 1438201 BERNHARD SCHULTE SHIPMANAGEMENT 12 PAR-LA-VILLE ROAD HM 08 HM SHIP MANAGEMENT SERVICES (CREW) 460889 MARINE SYSTEMS INC PO BOX 301284 DALLAS TX 752031284 RVAE SHIPYARD/REPAIRS INFRAME OVERHAUL 286152 MARKEY MACHINERY COMPANY INC 7266 8TH AVENUE SOUTH SEATTLE WA 98108 RVAE SSE - WINCH REFITTING AND RETROFIT 187150 SEA-BIRD ELECTRONICS INC 13431 NE 20TH ST BELLEVUE WA 98005 RVAE CTD, MESOCOSM SENSORS 101685 5 11014143 2997505 6337 14011648 EDUCATION 611710 587526 587526 587526 36724 36724 350364 0 350364 350364 350364 754791 754882 -91 -91 -91 9962 6219 3743 3743 AFFILIATION SERVICE REVENUE 611710 4000000 4000000 REIMBURSEMENT OF LABOR 611710 381514 381514 OTHER INCOME 611710 -1003 -1003 4380511 19370425 4968037 0 390740 1463437 1463437 562724 562724 1832493 1028234 804259 4297894 3898804 342268 56822 233101 177959 52301 2841 661741 561266 94872 5603 283540 238726 39032 5782 4549 4549 72000 72000 59848 59848 737083 677006 60077 4120 4120 372127 327291 42000 2836 60670 53115 5937 1618 665366 657154 7857 355 764301 740109 24192 34029 20115 13176 738 120793 120793 2079731 2079731 341209 304157 37052 REPAIRS AND MAINTENANCE 1472844 1457740 15104 SUPPLIES 1228869 1217900 9746 1223 FUEL 719320 719320 18071789 16309701 1669166 92922 4943842 3135470 2417593 2448808 7397602 4509279 273716 1726108 66434 69183 43049 36685 39799491 24767987 15171949 15031504 17829059 1352 14067988 48144596 41025025 723174 1086580 59099 34497 755358 444079 5432088 0 927125 869445 7896844 2434601 X 2726897 -248195 37520855 38838619 40247752 38590424 48144596 41025025 1298636 -2955964 0 X X 0 1 X 1 1 1 X 10300884 10686571 21116895 10612144 14011648 66728142 10300884 10686571 21116895 10612144 14011648 66728142 10483126 56245016 690859 539169 263765 376421 35721 1905935 12317 12317 68646394 6388257 0.81930 0.83070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17855860 25500 -2955965 775045 59848 14090502 16702617 26500 1924050 727958 69349 17855860 15685985 25600 1772362 722065 59265 16702617 13663319 34941 2685080 697355 15685985 15300178 25800 -967460 695199 13663319 0.09180 0.72353 0.18468 1 0 486850 486850 16630006 9648727 6981279 7449790 5169975 2279815 15232845 9949285 5283560 15031504 ENDOWMENT CASH 14067988 C 14067988 X 16360831 -2955965 6219 -2949746 19310577 59848 59848 19370425 18019163 1003 6219 7222 18011941 59848 59848 18071789 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 2019. PART XI, LINE 2D COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 6,219 PART XII, LINE 2D COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 6,219 1 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION TO FACILITATE SCIENTIFIC RESEARCH 462490 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECEIPIENTS LOCATED IN THE REGION TO FACILITATE SCIENTIFIC RESEARCH 73311 BERMUDA 1 73 PROGRAM SERVICES TO FACILITATE SCIENTIFIC RESEARCH 11000587 1 73 0 0 1 73 11536388 0 11536388 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 13140 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 20188 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 192674 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 88164 WIRE TRANSFER 0 BERMUDA TO FACILITATE SCIENTIFIC RESEARCH 26923 WIRE TRANSFER 0 CAYMAN ISLANDS TO FACILITATE SCIENTIFIC RESEARCH 73311 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 200075 WIRE TRANSFER 0 7 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. PART III ACCOUNTING METHOD: 1 BENEATH THE WAVES INC PO BOX 126 HERNDON VA 201720126 463461387 501(C)(3) 20074 0 TO FACILITATE SCIENTIFIC RESEARCH CARNEGIE MELLON 5000 FORBES AVE PITTSBURGH PA 15213 250969449 501(C)(3) 99607 0 TO FACILITATE SCIENTIFIC RESEARCH MARINE BIOLOGICAL LABORATORY 7 MBL ST WOODS HOLE MA 02543 042104690 501(C)(3) 347952 0 TO FACILITATE SCIENTIFIC RESEARCH OREGON STATE UNIVERSITY 312 KERR ADMINISTRATION BUILDING CORVALLIS OR 973312140 611730890 115 132177 0 TO FACILITATE SCIENTIFIC RESEARCH THE REGENTS OF UNIVERSITY OF CALIFORNIA SANTA BARBARA SAASB BUILDING ROOM 1212 SANTA BARBARA CA 931062003 956006145 115 288648 0 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY OF MIAMI 1535 LEVANTE AVENUE ROOM 201A CORAL GABLES FL 33146 590624458 501(C)(3) 152586 0 TO FACILITATE SCIENTIFIC RESEARCH WOODS HOLE OCEANOGRAPHIC INST 266 WOODS HOLE ROAD WOODS HOLE MA 025431050 042105850 501(C)(3) 422392 0 TO FACILITATE SCIENTIFIC RESEARCH 7 7 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 539921 0 45000 0 376353 0 18300 0 13502 0 993076 0 0 PETER SCHLOSSER TRUSTEE 0 423757 0 15000 0 50000 0 0 0 5747 0 494504 0 0 JOSE CARDENAS UNTIL FEB 2022 TRUSTEE 0 399496 0 12500 0 35010 0 18300 0 5468 0 470774 0 0 LISA LOO TRUSTEE 0 382844 0 0 0 65374 0 7126 0 8200 0 463544 0 0 WILLIAM CURRY PHD PRESIDENT AND CEO 310000 0 0 0 92823 0 0 0 10964 0 413787 0 0 0 KENRO KUSUMI TRUSTEE 0 326100 0 0 0 0 0 0 0 4525 0 330625 0 0 RICHARD STANLEY VICE-CHAIR 0 251498 0 0 0 44491 0 26356 0 5427 0 327772 0 0 NICHOLAS BATES SENIOR SCIENTIST & DIRECTOR OF RESEA 224323 5000 0 0 11466 0 0 0 15460 0 251249 5000 0 0 WILLIAM GRAHAM-WELTON UNTIL 92022 CHIEF FINANCIAL & OPERATING OFFICER 167038 0 0 0 35928 0 0 0 13565 0 216531 0 0 0 VICTORIA MILLETT TREASURER & CONTROLLER 164800 0 0 0 8240 0 0 0 9827 0 182867 0 0 0 RICHARD VERLINI EXECUTIVE DIRECTOR 137913 0 10000 0 8736 0 0 0 13126 0 169775 0 0 0 MURRAY STEIN MARINE SUPERINTENDENT 159102 0 0 0 1417 0 0 0 1119 0 161638 0 0 0 ANDREW PETERS DIRECTOR OF EDUCATION 133900 0 0 0 6695 0 0 0 9511 0 150106 0 0 0 PART I, LINE 1A WILLIAM CURRY RECEIVED A HOUSING BENEFIT IN THE AMOUNT OF $60,000, 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 48129 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 2022, 212 SEA DAYS WERE COMPLETED, IN ADDITION TO A VESSEL MAINTENANCE & REPAIR SHIPYARD IN Q1. IN 2023, 245 SEA DAYS ARE CURRENTLY SCHEDULED AND FUNDED. 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 2022, OCEAN ACADEMY SERVED 1375 LOCAL STUDENTS AND TEACHERS. 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 2022 BIOS UNIVERSITY PROGRAMS OPERATIONS SHOWED STRONG GROWTH FOLLOWING THE IMPACT OF THE GLOBAL PANDEMIC, AND SUCCESSFULLY HOSTED A TOTAL OF 78 STUDENTS: 37 STUDENTS ENROLLED IN TWO SUMMER COURSES, 32 INTERNS, AND 9 FALL SEMESTER PROGRAM STUDENTS. BIOS HOSTED 4 EDUCATIONAL VISITING GROUPS IN 2022, TOTALLING 81 STUDENTS AND INSTRUCTORS, FOR A TOTAL OF 533 BEDNIGHTS. BIOS ADDITIONALLY HOSTED 9 GROUPS FOR EVENING PROGRAMMING FROM ROAD SCHOLAR INC. IN 2022, 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 DIRECTORS 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 4000000 ARIZONA STATE UNIVERSITY Q 381514