2022-11-15T17:36:33-06:00 2021-12-31 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-01-01 060706038 BERMUDA INSTITUTE OF OCEAN SCIENCES (BIOS) INC BERM 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 WILLIAM CURRY PRESIDENT & CEO 4412971880 2022-11-15 1 WILLIAM CURRY 999009999 GARRETT M HIGGINS P00543209 2122862600 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WILLIAM CURRY 17 BIOLOGICAL STATION ST GEORGES BD GE 01 12847549 0 X WWW.BIOS.EDU X 1926 NY BIOS'S MISSION IS TO SEEK AND SHARE FUNDAMENTAL KNOWLEDGE OF THE OCEANS (CONTINUED IN SCHEDULE O) THROUGH STATE-OF-THE-ART SCIENTIFIC RESEARCH, WORLD-CLASS FIELD EXPEDITIONS, AND COMPREHENSIVE EDUCATIONAL EXPERIENCES. 19 14 40 39 0 0 21116895 10612144 704642 1137678 11591 5638 174215 138488 22007343 11893948 1263671 1675753 0 0 6261342 6559169 0 0 319043 6159472 7211598 13684485 15446520 8322858 -3552572 49596332 48144596 10919868 7896844 38676464 40247752 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 9543729 1675753 SEE SCHEDULE O. 1900963 1137678 SEE SCHEDULE O. 11444692 1 1 0 0 0 0 0 0 0 1 1 0 0 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 1 0 0 0 0 1 0 0 0 1 5 0 40 1 0 1 BD 0 0 0 0 0 0 0 0 0 0 X 19 14 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X X VICTORIA MILLETT 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 STEVE WEINSTEIN CHAIRMAN 2.20 X X 0 0 0 J WILLIAM CHARRIER VICE-CHAIRMAN 25.00 X X 0 0 0 RICHARD STANLEY VICE-CHAIRMAN 0.50 X X 0 0 0 PATRICK BARLOW TRUSTEE 0.50 X 0 0 0 KENNETH H BRINK PHD TRUSTEE, UNTIL 10/2021 1.50 X 0 0 0 COLIN BROWN TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 MICHAEL A BUTT TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 JOSE CARDENAS TRUSTEE 0.50 X 0 0 0 THOMAS M CHURCH PHD TRUSTEE, UNTIL 2/2021 0.50 X 0 0 0 GRAHAM COLLIS TRUSTEE 0.50 X 0 0 0 CHARLES COOPER TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 ROBERT CORELL TRUSTEE, UNTIL 10/2021 1.00 X 0 0 0 CATHERINE DUFFY TRUSTEE 0.50 X 0 0 0 RICHARD FERRETT TRUSTEE 1.00 X 0 0 0 DIANA H FRAZIER TRUSTEE, UNTIL 10/2021 2.00 X 0 0 0 JAMES N GALLOWAY PHD TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 LINDA K GLOVER TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 MARK GUISHARD TRUSTEE 0.50 X 0 0 0 MICHAEL D HAMER PHD TRUSTEE, UNTIL 10/2021 0.75 X 0 0 0 PAUL HANLE PHD TRUSTEE 1.00 X 0 0 0 DENNIS HANSELL PHD TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 IDWAL WYN HUGHES PHD TRUSTEE, UNTIL 6/2021 1.00 X 0 0 0 KENRO KUSUMI TRUSTEE 0.50 X 0 0 0 ALAN H MCGOWAN TRUSTEE 0.50 X 0 0 0 BRIAN M O'HARA TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 MORGAN OLSEN TRUSTEE 2.00 X 0 0 0 JONATHAN REISS TRUSTEE, UNTIL 10/2021 0.10 X 0 0 0 RALPH E RICHARDSON TRUSTEE 0.50 X 0 0 0 PETER SCHLOSSER TRUSTEE 2.00 X 0 0 0 MICHAEL SCHRUM TRUSTEE 2.00 X 0 0 0 HON GERALD DE SIMONS OBE TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 BURT SINGER TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 JAMES N STANARD PHD TRUSTEE 0.50 X 0 0 0 DEBORAH K STEINBERG PHD TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 IAN STRECKER TRUSTEE, UNTIL 6/2021 0.50 X 0 0 0 LADY JUDY VEREKER TRUSTEE, UNTIL 10/2021 5.00 X 0 0 0 BESS WARD PHD TRUSTEE 1.00 X 0 0 0 ANTHONY WILLIAMS TRUSTEE 5.00 X 0 0 0 WILLIAM H WILLIAMS TRUSTEE, UNTIL 10/2021 0.50 X 0 0 0 WILLIAM CURRY PHD PRESIDENT AND CEO 40.00 X 404124 0 51581 WILLIAM GRAHAM- WELTON CHIEF FINANICAL AND OPERATION 40.00 X 217153 0 34173 VICTORIA MILLETT TREASURER/CONTROLLER 40.00 X 173040 0 23066 GILLIAN M S HOLLIS SECRETARY 40.00 X 91267 0 16111 NICHOLAS BATES SENIOR SCIENTIST AND DIR. OF RESEARCH 40.00 X 234062 0 32703 QUENTIN LEWIS MARINE SUPERINTENDENT 40.00 X 177020 0 40850 ANDREW PETERS DIRECTOR OF EDUCATION 40.00 X 140595 0 20548 ERIC HOCHBERG SENIOR SCIENTIST 40.00 X 133100 0 31599 JULIUS BARSI BIOLOGIST - ASSISTANT SCIENTIST 40.00 X 130252 0 22549 KENT LARSEN OCEAN TECHNICAL SERVICES MANAGER 40.00 X 129756 0 19163 1830369 0 292343 16 0 1 0 BERNHARD SCHULTE SHIPMANAGEMENT (ISLE OF DORCHESTER HOUSE BELMONT HILL DOUGLAS ISLE OF MAN UK IM1 4RE SHIP MANAGEMENT SERVICES 326866 MARKEY MACHINERY COMPANY INC 7266 8TH AVENUE SOUTH SEATTLE WA 98108 WINCH FABRICATION AND SERVICING 135226 3 8648807 1963337 50704 10612144 EDUCATION 611710 1137678 1137678 1137678 548 548 273489 149649 123840 123840 123840 800900 5200 801010 0 -110 5200 5090 5090 17590 2942 14648 14648 11893948 1137678 0 144126 1386698 1386698 289055 289055 1277280 266765 1010515 141996 141996 4255272 3754341 317781 183150 167731 156214 2278 9239 451667 405238 21839 24590 265223 204266 49681 11276 52487 52487 69000 69000 69349 69349 696932 597233 42519 57180 833 833 217154 178026 36251 2877 62426 59159 3267 348758 348758 610897 602930 7967 13181 11091 2090 412360 412360 2163788 209302 1953057 1429 302108 283755 18353 SUPPLIES AND FOOD 786678 773566 12336 776 REPAIRS AND MAINTENANCE 737023 668810 45219 22994 FUEL 295509 295509 STUDENT SUPPORT STIPEND 240139 237874 2265 132976 109259 23717 15446520 11444692 3682785 319043 4135481 4943842 2430370 2417593 8870473 7397602 213599 273716 78510 66434 88515 43049 37860207 22688258 17043269 15171949 16727733 17829059 8382 1352 49596332 48144596 923270 723174 59634 59099 606315 755358 8350000 5432088 980649 927125 10919868 7896844 X 9523063 2726897 29153401 37520855 38676464 40247752 49596332 48144596 X -3552572 1923860 3200000 X X 0 1 X 1 1 1 X 17397714 10300884 10686571 21116895 10612144 70114208 17397714 10300884 10686571 21116895 10612144 70114208 9901219 60212989 489009 690859 539169 263765 376421 2359223 12317 12317 72485748 7133507 0.83070 0.81440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16702617 26500 1924050 727958 69349 17855860 15685985 25600 1772362 722065 59265 16702617 13663319 34941 2685080 697355 15685985 15300178 25800 -967460 695199 13663319 13732393 276352 2003207 711774 15300178 0.11050 0.56951 0.31999 0 0 486850 486850 16594104 9233896 7360208 6989634 4612891 2376743 13789619 8841471 4948148 15171949 X 17202804 1923860 3454975 5378835 11823969 69349 630 69979 11893948 15631516 254975 254975 15376541 69349 630 69979 15446520 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: BIOS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT 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 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE RECLASSED TO FORM 990, PART VIII, LINE 6B 252,033. COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 2,942. ASU EQUITY INVESTMENT 3,200,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON FOREIGN CURRENCY EXCHANGE 630. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 2,942. RENTAL EXPENSES RECLASSED TO FORM 990, PART VIII, LINE 6B 252,033. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON FOREIGN CURRENCY EXCHANGE 630. 1 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION TO FACILITATE SCIENTIFIC RESEARCH 289055 BERMUDA 1 73 PROGRAM SERVICES SCIENTIFIC RESEARCH AND EDUCATION 11059376 0 0 0 0 0 0 11348431 0 11348431 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 112833 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 61688 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 41479 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 34034 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 30809 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 8212 WIRE TRANSFER 0 6 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 MARINE BIOLOGICAL LABORATORY PO BOX 3218 BOSTON MA 022413218 042104690 501(C)(3) 353114 0 TO FACILITATE SCIENTIFIC RESEARCH WOODS HOLE OCEANOGRAPHIC INSTITUTE 569 WOODS HOLE ROAD BOSTON MA 02543 042105850 501(C)(3) 301187 0 TO FACILITATE SCIENTIFIC RESEARCH OREGON STATE UNIVERSITY 312 KERR ADMINISTRATION BUILDING CORVALLIS OR 973312140 611730890 115 296917 0 TO FACILITATE SCIENTIFIC RESEARCH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 8622 DISCOVERY WAY 0210 LA JOLLA CA 920930210 956006145 115 260852 0 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY OF MIAMI 1535 LEVANTE AVENUE ROOM 201A CORAL GABLES FL 33146 590624458 501(C)(3) 113725 0 TO FACILITATE SCIENTIFIC RESEARCH THE UNIVERSITY OF RHODE ISLAND 79 UPPER COLLEGE ROAD KINGSTON RI 028812023 056014351 115 38932 0 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY OF WASHINGTON 4333 BROOKLYN AVENUE NE SEATTLE WA 98105 916001537 115 21971 0 TO FACILITATE SCIENTIFIC RESEARCH 7 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 WILLIAM CURRY PHD PRESIDENT AND CEO 341000 0 0 0 63124 0 15500 0 36081 0 455705 0 0 0 NICHOLAS BATES SENIOR SCIENTIST AND DIR. OF RESEARC 234062 0 0 0 0 0 11146 0 21557 0 266765 0 0 0 WILLIAM GRAHAM- WELTON CHIEF FINANICAL AND OPERATION 217153 0 0 0 0 0 10341 0 23832 0 251326 0 0 0 QUENTIN LEWIS MARINE SUPERINTENDENT 175000 0 0 0 2020 0 8750 0 32100 0 217870 0 0 0 VICTORIA MILLETT TREASURER/CONTROLLER 173040 0 0 0 0 0 8240 0 14826 0 196106 0 0 0 ERIC HOCHBERG SENIOR SCIENTIST 133100 0 0 0 0 0 0 0 31599 0 164699 0 0 0 ANDREW PETERS DIRECTOR OF EDUCATION 140595 0 0 0 0 0 6695 0 13853 0 161143 0 0 0 JULIUS BARSI BIOLOGIST - ASSISTANT SCIENTIST 130000 0 0 0 252 0 0 0 22549 0 152801 0 0 0 PART I, LINE 1A PART I LINE 1A: HOUSING ALLOWANCES ARE PROVIDED TO SUPPLEMENT THE EXCESSIVE COST OF HOUSING IN BERMUDA. MOST STAFF ARE ABLE TO BENEFIT FROM THE RELATIVELY LOW COST HOUSING AVAILABLE ON CAMPUS. ALL ALLOWANCES PROVIDED ARE INCLUDED IN W-2'S WHERE REQUIRED. WILLIAM CURRY RECEIVED A HOUSING BENEFIT IN THE AMOUNT OF $60,000, REPORTED IN SCHEDULE J PART I COLUMN B III. RUTH CURRY FAMILY RELATIONSHIP WITH WILLIAM CURRY, PRESIDENT & CEO 141996 EMPLOYEE 0 X 4 24304 SALES PRICE X COMP. EQUIPMENT 2 26400 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS PROVIDED. 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 2021, 191 SEA DAYS WERE COMPLETED, WITH NO LOSS IMPACT FROM THE COVID-19 PANDEMIC. IN 2022, 218 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 TO APPROXIMATELY 1200 STUDENTS AND TEACHERS EACH YEAR. DUE TO ONGOING COVID-19 RESTRICTIONS IN EARLY 2021, OCEAN ACADEMY SERVED 952 STUDENTS, 370 IN VIRTUAL CLASSROOMS AND 580 ON CAMPUS. 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 2021, BIOS UNIVERSITY PROGRAMS OPERATIONS CONTINUED TO RECOVER FROM THE IMPACT OF THE GLOBAL PANDEMIC, AND SUCCESSFULLY HOSTED A TOTAL OF 60 STUDENTS: 31 STUDENTS ENROLLED IN TWO SUMMER COURSES, 19 INTERNS, AND 10 FALL SEMESTER PROGRAM STUDENTS. THERE WERE NO EDUCATIONAL VISISTING GROUPS IN 2021 DUE TO COVID RELATED TRAVEL RESTRICTIONS IN ORIGINATING COUNTRIES AND OTHERS PLACED BY THEIR HOME INSTITUTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS CERTIFICATE OF INCORPORATION AND BYLAW TO INCLUDE THE CHANGE TO A MEMBER CORPORATION WITH ARIZONA BOARD OF REGENTS ON BEHALF OF ARIZONA STATE UNIVERSITY AS THE SOLE MEMBER WITH ULTIMATE CONTROL OF THE ORGANIZATION. ANY AMENDMENTS TO THE CORPORATION'S INCORPORATION CERTIFICATE OR BYLAWS REQUIRE THE SOLE MEMBER APPROVAL. THE SOLE MEMBER ELECTS ALL TRUSTEES, FILLS BOARD VACANCIES, AND DETERMINES AT ITS SOLE DISCRETION WHETHER A MATTER IS OR NOT A MEMBER DECISION. THE BOARD HAS NO AUTHORITY ON MEMBER DECISIONS. THE BOARD OF TRUSTEES COMPOSITION CONSISTS OF NOT MORE THAN 19 AND NO FEWER THAN 9 TRUSTEES. A QUORUM OF 75% OR GREATER IS REQUIRED FOR TRANSACTION PURPOSES, PREVIOUSLY 50%, ALSO SUBJECT TO CHANGES IN LAW. A MAJORITY VOTE ABOVE 50% IS REQUIRED IN ANY MANNER OF ACTION BY THE BOARD AND ANY TRUSTEE DEADLOCK WILL BE RESOLVED BY THE SOLE MEMBER AS FINAL AND BINDING. 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 GOVERING 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 BIOS 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. PRIOR TO FILING THE RETURN IS REVIEWED BY EXECUTIVE LEADERSHIP, AUDIT COMMITTEE AND THE CHAIRMAN OF THE FINANCE COMMITTEE. ANY COMMENTS ARE DOCUMENTED AND RESOLVED PRIOR TO RETURN FILING. FORM 990, PART VI, SECTION B, LINE 12C 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. A CONFLICT OF INTEREST MAY EXIST IF AN INTERESTED PERSON HAS DIRECTLY OR INDIRECTLY THROUGH BUSINESS, INVESTMENT OR FAMILY, (A) AN OWNERSHIP/INVESTMENT INTEREST IN AN ENTITY OF WHICH BIOS HAS A TRANSACTION ARRANGEMENT, (B) A COMPENSATION ARRANGEMENT WITH BIOS OR ANY ENTITY OR INDIVIDUAL WITH WHICH BIOS HAS A TRANSACTION OR ARRANGEMENT, OR (C) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN OR COMPENSATION ARRANGEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD POWERS. UPON DISCLOSURE OF THE FINANCIAL INTEREST AND MATERIAL FACTS, THE BOARD MINUS THE INTERESTED PERSON WILL DISCUSS AND VOTE UPON DETERMINATION OF THE EXISTENCE OF A CONFLICT OF INTEREST. IF A CONFLICT OF INTEREST IS DEEMED TO EXIST THE GOVERNING BOARD WILL TAKE APPROPRIATE CORRECTIVE ACTION. THIS POLICY IS AFFIRMED ANNUALLY BY ALL DIRECTORS, PRINCIPAL OFFICERS, KEY EMPLOYEES AND MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS. FORM 990, PART VI, SECTION B, LINE 15 BIOS, INC. HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR COMPENSATION COMMITTEE TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES. 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. COMPENSATION IS REVIEWED IN THE COMPENSATION COMMITTEE MEETINGS. THE DECISIONS ARE DOCUMENTED AND MAINTAINED IN THE MINUTES OF THE COMPENSATION COMMITTEE. THIS PROCESS WAS LAST UNDERTAKEN IN 2018. FORM 990, PART VI, SECTION C, LINE 19 BIOS INC. MAKES ITS FORM 990 AVAILABLE FOR THE PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY MAKING IT AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION FORM 990, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE AVAILABLE UPON WRITTEN REQUEST AT BIOS, 17 BIOLOGICAL STATION, ST. GEORGE GE 01, BERMUDA, OR BY CALLING THE ORGANIZATION DIRECTLY AT (441) 297-1880. FORM 990, PART XI, LINE 9: ASU EQUITY INVESTMENT 3,200,000. FORM 990, PART XI, LINE 9 ON OCTOBER 26, 2021, BIOS AND ARIZONA STATE UNIVERSITY ("ASU"), A RELATED PARTY EXECUTED AN AFFILIATION AGREEMENT. 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 ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. ARIZONA STATE UNIVERSITY 1151 S FOREST AVE TEMPE AZ 85281 860196696 UNIVERSITY EDUCATION AZ 115 LINE 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 ARIZONA STATE UNIVERSITY S 3200000