2020-11-13T14:23:01-06:00 2019-12-31 PricewaterhouseCoopers LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2019-01-01 042105850 WOODS HOLE OCEANOGRAPHIC INSTITUTION % DANA FERNANDEZ SR DIR FINAN WOOD 5084572000 569 WOODS HOLE ROAD MS 14 WOODS HOLE MA 02543 JEFFREY FERNANDEZ VP OPS & CFO 5084572000 2020-11-04 true GWEN SPENCER P00641463 6175305000 2020-11-02 155.201.35.69 04363820203185000064 2020-11-13 P 070853ADB8E5B535652A537AC8200DCC9DCE9529 EF1072450F0F741895684F37E73F23BFD826A89D 2019 2021-01-29 14:40:06Z PETER DE MENOCAL 569 WOODS HOLE ROAD MS 14 WOODS HOLE MA 02543 295696577 false X www.whoi.edu X 1930 MA SEE SCHEDULE O 36 34 1141 65 3252227 2029523 195530700 252464384 6662663 8089451 17405 421858 1501208 810773 203711976 261786466 8863506 10095967 0 0 110041008 116958898 53390 116303 4924227 108715586 130155798 227673490 257326966 -23961514 4459500 598068698 626827966 242432642 241120491 355636056 385707475 X SEE SCHEDULE O false false 218192237 9563467 2445551 SPONSORED AND INSTITUTIONAL RESEARCH IN OCEANOGRAPHY AND RELATED FIELDS: OF THE 1,007 SPONSORED RESEARCH AWARDS, 578 AWARDS ARE FROM 7 FEDERAL AGENCIES AND 429 ARE FROM 172 OTHER SPONSORS. INSTITUTION RESEARCH SPONSORED 78 PROJECTS FROM UNRESTRICTED FUNDS. IN ADDITION, WOODS HOLE OCEANOGRAPHIC INSTITUTION ISSUED 700 PUBLICATIONS IN 2019. 12148866 532500 5643900 EDUCATION: JOINT GRADUATE PROGRAM WITH M.I.T. IN THE MARINE SCIENCES. IN 2019, THERE WERE 134 GRADUATE STUDENTS, 32 DEGREE RECIPIENTS, 49 POST DOCTORAL SCHOLARS AND FELLOWS, 12 GEOPHYSICAL FLUID DYNAMICS PROGRAM PARTICIPANTS, 33 SUMMER STUDENT FELLOWS AND 234 GUEST STUDENTS. 230341103 true true false true false false true true false true true true false true true false true false false true true false false true false false false false true true true false false false false false false false false false false true false false false true true true true true false true 235 0 true 1141 true true true false false false false false false false false false false false X 36 34 false false false false false false false true true false false true true true true true true true true true false CA MA NY X X X DANA FERNANDEZ SR DIR FINAN 5082893505 569 WOODS HOLE RD MS 14 WOODS HOLE MA 02543 X MARK ABBOTT PRESIDENT/DIRECTOR 50.0 0.0 X X 481880 0 243611 JEFFREY A FERNANDEZ VP OPS & CFO 50.0 0.0 X 564060 0 120628 ROBERT MUNIER VP MARINE FACILITIES & OPS 50.0 0.0 X 320072 0 62719 SAMUEL HARP VP FOR ADVANCEMENT & CMO 50.0 0.0 X 302167 0 50037 CHRISTOPHER LAND VP LEGAL AFFAIRS/GEN. COUNSEL 50.0 0.0 X X 312907 0 37148 ROBERT WELLER SENIOR SCIENTIST 50.0 0.0 X 271533 0 44797 KEITH GLAVIN SR. DIR. INFORMATION SYSTEMS 50.0 0.0 X 253033 0 51795 DONALD ANDERSON SENIOR SCIENTIST 50.0 0.0 X 241683 0 53794 JOHN TROWBRIDGE SENIOR SCIENTIST 50.0 0.0 X 249755 0 45052 SUSAN HUMPHRIS INTERIM DEP DIR&VP OF RESEARCH 50.0 0.0 X 238591 0 53082 LAURENCE MADIN DEP DIR & VPR (UNTIL 5/19) 50.0 0.0 X 201519 0 26664 DAVID B SCULLY CHAIR OF THE BOARD OF TRUSTEES 2.5 0.0 X X 0 0 0 JEFFERSON E HUGHES J VICE CHAIR OF THE BOARD 2.5 0.0 X X 0 0 0 STEVEN G HOCH CHAIRMAN OF THE CORPORATION 2.5 0.0 X X 0 0 0 ANNE C KRONENBERG TREASURER 2.5 0.0 X X 0 0 0 JAMES A AUSTIN JR TRUSTEE 2.5 0.0 X 0 0 0 ROBERT BAYLIS TRUSTEE 2.5 0.0 X 0 0 0 H LARRY CLARK TRUSTEE 2.5 0.0 X 0 0 0 JAMES M CLARK JR TRUSTEE 2.5 0.0 X 0 0 0 SAMUEL COLEMAN TRUSTEE (AS OF 05/19) 2.5 0.0 X 0 0 0 ALFRED T DENGLER TRUSTEE 2.5 0.0 X 0 0 0 SARA G DENT TRUSTEE 2.5 0.0 X 0 0 0 ROBERT C DUCOMMUN TRUSTEE 2.5 0.0 X 0 0 0 MICHAEL ESPOSITO TRUSTEE 2.5 0.0 X 0 0 0 LAURENCE FISH TRUSTEE 2.5 0.0 X 0 0 0 MARGARET A FLANAGAN TRUSTEE 2.5 0.0 X 0 0 0 MICHELE S FOSTER TRUSTEE 2.5 0.0 X 0 0 0 CHRISTINE H FOX TRUSTEE 2.5 0.0 X 0 0 0 CLINT HARRIS TRUSTEE (AS OF 05/19) 2.5 0.0 X 0 0 0 ROBIN POWELL MANDJES TRUSTEE 2.5 0.0 X 0 0 0 GEORGETTE MCCONNELL TRUSTEE (UNTIL 05/19) 2.5 0.0 X 0 0 0 JOYCE K MOSS TRUSTEE 2.5 0.0 X 0 0 0 JOSEPH F PATTON JR TRUSTEE (UNTIL 5/19) 2.5 0.0 X 0 0 0 JOHN M RICHARDSON TRUSTEE (AS OF 10/19) 2.5 0.0 X 0 0 0 JAMES P ROSENFIELD TRUSTEE 2.5 0.0 X 0 0 0 LINDA SALLOP TRUSTEE 2.5 0.0 X 0 0 0 D ALEC SARGENT TRUSTEE 2.5 0.0 X 0 0 0 WILLIAN SCHMIDT TRUSTEE 2.5 0.0 X 0 0 0 MATTHEW SEILER TRUSTEE 2.5 0.0 X 0 0 0 HARDWICK SIMMONS TRUSTEE 2.5 0.0 X 0 0 0 JOHN STAVIS TRUSTEE (AS OF 5/19) 2.5 0.0 X 0 0 0 STEPHEN E TAYLOR TRUSTEE 2.5 0.0 X 0 0 0 JEAN C TEMPEL TRUSTEE 2.5 0.0 X 0 0 0 THOMAS J TIERNEY TRUSTEE 2.5 0.0 X 0 0 0 EDWARD TREGURTHA TRUSTEE 2.5 0.0 X 0 0 0 CHARLES WARD TRUSTEE 2.5 0.0 X 0 0 0 MARIA WIHELM TRUSTEE (AS OF 05/19) 2.5 0.0 X 0 0 0 JOSEPH C HOOPES CHAIR-LIFE TRUSTEES AS OF 5/19 2.5 0.0 X 0 0 0 NEWTON PS MERRILL CHAIR-LIFE TRSTEES(UNTIL 5/19) 2.5 0.0 X 0 0 0 3437200 0 789327 281 false true false VOLSTAD SHIPPING KEISER WILHELMS GATE23 5ETG BOX777 ALESUND 0 NO 6001 SCIENTIFIC RESEARCH 6064090 INTEGRO USA INC 190 S La Salle Street 2000 CHICAGO IL 60603 SCIENTIFIC RESEARCH 2896586 MRV SYSTEMS LLC 6370 LUSK BLVD F100/F101 SAN DIEGO CA 92121 SCIENTIFIC RESEARCH 2175096 WORLD-LINK COMMUNICATIONS INC 1101 Worcester Rd FRAMINGHAM MA 01701 SCIENTIFIC RESEARCH 1818992 SIEMENS GOVERNMENT TECHNOLOGIES 2231 CRYSTAL DRIVE SUITE 700 ARLINGTON VA 22202 SCIENTIFIC RESEARCH 1581600 122 185297672 67166712 1514025 252464384 EDUCATION 900099 5643900 5643900 CHARTER INCOME 900099 1971180 890753 1080427 INFO CENTER INCOME 541900 277705 277705 CENTER FOR MARINE ROBOTICS REVENUE 900099 196666 196666 8089451 421858 2171800 -1749942 0 93151 93151 553087 262111 290976 0 290976 290976 33648000 33648000 0 0 0 0 0 0 0 0 0 0 INSURANCE PROCEEDS FROM NEREUS 900099 151553 151553 SPONSORED RESEARCH 900099 250017 250017 OTHER REVENUE 900099 25076 25076 426646 261786466 7009024 3252227 -939169 0 10095967 10095967 0 0 1879457 427137 1090895 361425 0 74940156 64444666 8242349 2253141 17267954 14582257 2097980 587717 17168048 14497889 2085842 584317 5703283 4816247 692924 194112 2584055 2094749 396437 92869 751467 424067 327400 658446 658446 96396 96396 116303 116303 2645065 2645065 538225 528285 3500 6440 403895 266745 43510 93640 13301407 12998393 254527 48487 1116367 1052210 18660 45497 0 3533462 2908032 625430 5009184 4828342 80251 100591 0 0 3714563 3282387 432176 0 10755273 10106932 648341 4386422 3585830 800592 EQUIPMENT 17185424 17160886 17069 7469 OUTSIDE SERVICES 24962235 24481708 224428 256099 EQUIPMENT RENT & MAINTENANCE 6943868 6884294 10430 49144 SUBCONTRACTS 25047902 25047902 6522142 5826178 568988 126976 257326966 230341103 22061636 4924227 4116527 5229194 26568043 28074605 2035652 7630900 37032109 41418629 11876 0 0 0 634952 609162 3320626 3070743 1554387 1335155 244570458 153606256 87925607 90964202 2373346 5658850 394810156 407664871 0 0 0 0 37685417 35171655 598068698 626827966 31356062 33561160 0 0 17660883 4048618 85390159 83723699 0 0 0 0 0 0 7000000 0 101025538 119787014 242432642 241120491 X 5015520 -6630718 350620536 392338193 355636056 385707475 598068698 626827966 X 4459500 41107793 -15495874 X false true X true true true X 213556790 206600438 191109014 195530700 252464384 1059261326 0 0 213556790 206600438 191109014 195530700 252464384 1059261326 24714409 1034546917 975807 129295 667378 685005 1068096 3525581 0 1037056 1553142 3837036 1160086 426646 8013966 1070800873 52526316 0.96614 0.97021 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 78 true 18 false true 20608 true 105 true 96396 117205 false LOBBYING ACTIVITY EXPLANATION 2019 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION DID NOT PARTICIPATE OR INTERVENE IN ANY POLITICAL CAMPAIGNS. THE WOODS HOLE OCEANOGRAPHIC INSTITUTION EMPLOYS A DIRECTOR OF GOVERNMENT RELATIONS TO ADVOCATE ON A BROAD RANGE OF POLICY AND SPENDING LEGISLATION RELATING TO OCEAN SCIENCE. SPECIFICALLY, WHOI SUPPORTS INCREASED FUNDING FOR COMMUNITY-WIDE COMPETITIVE OCEAN SCIENCE GRANT PROGRAMS IN THE US NAVY, THE NATIONAL SCIENCE FOUNDATION, AND THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION. IN ADDITION, THE INDIVIDUAL REPORTS TO WOODS HOLE OCEANOGRAPHIC INSTITUTION ON FEDERAL POLICY AND POLITICAL ISSUES OF INTEREST TO AND/OR FACING THE INSTITUTION. THERE WERE NO DIRECT LOBBYING EXPENSES IN 2019. THE ORGANIZATION PAID MEMBERSHIP DUES OF $105 TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. ADDITIONAL COSTS WERE INCURRED FOR MAILINGS $78. WHOI ALSO PROVIDES EXPERT ADVICE TO CONGRESS ON OCEAN MATTERS INCLUDING ENVIRONMENTAL QUALITY, CLIMATE CHANGE AND MARINE RESOURCES. WHOI ALSO ENGAGED A CONSULTANT TO LOBBY ON ISSUES, PROJECTS AND LEGISLATION RELATED TO OCEAN SCIENCE WITH THE STATE OFFICES AND LEGISLATURE OF THE COMMONWEALTH OF MASSACHUSETTS. X 2 15.45 1 true 12.00 1278 true X X X false 417536924 6390133 40486309 30384817 434028549 437709964 2700023 -2670105 20202958 417536924 415886575 1650100 39733277 19559988 437709964 408211715 11860101 23290148 27475389 415886575 423921896 3227111 11228745 30166037 408211715 0.19940 0.24600 0.55460 false false 5247 3961000 3966247 574821 175600950 113436545 62739226 20486477 17303052 3183425 25711026 16863170 8847856 991497 17239440 6003489 12227448 90964202 PVT EQTY,VENTURE CAP, & OTHER 21240440 F SHORT-TERM LIQUIDITY FUND 386424431 F 407664871 OTHER ASSETS 1038373 DEPOSITS W/ TRUSTEES FOR CONST 33106718 CONTRIB. FROM REMAINDER TRUSTS 1026564 35171655 0 ACCRUED PENSION LIABILITY 114987698 DEFERRED FIXED RATE VARIANCE 4799316 119787014 286852478 41107793 411130 -15179479 26339444 260513034 2645065 -1371633 1273432 261786466 254488803 411130 262111 673241 253815562 2645065 866339 3511404 257326966 CONSERVATION EASEMENTS FORM 990, SCHEDULE D, PART II, LINE 5 FACILITIES OFFICE PERSONNEL WALK THE CONSERVATION EASEMENT AREAS TWICE A YEAR TO ENSURE THAT THERE ARE NO ENCROACHMENTS ON THE 15.45 ACRES AND THAT THERE ARE NO PROHIBITED USES AS DEFINED IN THE TERMS OF THE CONSERVATION RESTRICTIONS. FORM 990, SCHEDULE D, PART II, LINE 9 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION'S CONSERVATION EASEMENTS ARE NOT ACCOUNTED FOR SEPARATELY, BUT ARE INCLUDED AS PART OF LAND ON THE BALANCE SHEET. ORGANIZATIONS MAINTAINING COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS FORM 990, SCHEDULE D, PART III, LINE 4 IN 2013, WOODS HOLE OCEANOGRAPHIC INSTITUTION (WHOI) ADDED THE DEEPSEA CHALLENGER, A HUMAN OCCUPIED SUBMERSIBLE VEHICLE, TO ITS COLLECTION. WHOI SCIENTISTS AND ENGINEERS COLLABORATED WITH THE DEEPSEA CHALLENGE RENGINEERING TEAM TO CONDUCT A FULL SYSTEM SURVEY, COMPLETELY DISASSEMBLING AND REASSEMBLING THE VEHICLE, AND TO DOCUMENT AND DETAIL THE DESIGN APPROACH TO THE VEHICLE'S SUBSYSTEMS. WHOI ENGINEERS HAVE PRESENTED THEIR FINDINGS TO THE OCEAN ENGINEERING COMMUNITY AND INFORMATION ABOUT THE DEEPSEA CHALLENGER IS INCLUDED ON WHOI'S WEBSITE. THE VEHICLE WAS DAMAGED IN A FIRE, HAD COSMETIC/DISPLAY REPAIRS COMPLETED, AND IS AWAITING A DISPLAY LOCATION AND/OR MUSEUM PARTNER. INTENDED USE OF ENDOWMENT FUND FORM 990, SCHEDULE D, PART V, LINE 4 -PROVIDE A STREAM OF INCOME IN SUPPORT OF ANNUAL BUDGETARY NEEDS. -PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER. -PROVIDE SUPPORT FOR CAPITAL INVESTMENT NEEDS AS THEY ARISE. OTHER LIABILITIES SCHEDULE D, PART X, LINE 2 WOODS HOLE OCEANOGRAPHIC INSTITUTION DOES NOT HAVE A FIN 48 FOOTNOTE IN ITS FINANCIAL STATEMENTS. REVENUE INCLUDED ON BOOKS BUT NOT ON RETURN FORM 990, SCHEDULE D, PART XI, LINE 2D PENSION RELATED CHANGES OTHER THAN COST (16,674,540) CHANGE IN SPLIT INTEREST AGREEMENTS $293,767 RETURN ON INVESTMENT FOR RETIREE & ACTIVE MED. $2,313,166 NET PERIODIC BENEFIT COST (245,533) SWAP INTEREST EXPENSE (866,339) ============= TOTAL (15,179,479) REVENUE INCLUDED ON RETURN BUT NOT ON BOOKS FORM 990, SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSE $262,111 CHANGE IN NET ASSETS (1,633,744) ========== TOTAL $ (1,371,633) EXPENSES INCLUDED ON BOOKS BUT NOT ON RETURN FORM 990, SCHEDULE D, PART XII, LINE 2D RENTAL EXPENSE $262,111 EXPENSES INCLUDED ON RETURN BUT NOT ON BOOKS FORM 990, SCHEDULE D, PART XII, LINE 4B SWAP INTEREST EXPENSE $866,339 North America 1 Program Services SHIP OPERATIONS 3500 Central America and the Caribbean 13 Program Services Scientific Research 53699 North America 34 Program Services Scientific Research 85047 Europe (Including Iceland and Greenland) 1 Program Services SHIP OPERATIONS 4625 Europe (Including Iceland and Greenland) 114 Program Services Scientific Research 487665 East Asia and the Pacific 45 Program Services Scientific Research 230805 Middle East and North Africa 6 Program Services Scientific Research 19370 South America 10 Program Services Scientific Research 51355 South Asia 13 Program Services Scientific Research 60512 Sub-Saharan Africa 12 Program Services Scientific Research 135629 Central America and the Caribbean Investments 5034714 249 249 6166921 6166921 true false true true true false DESCRIPTION OF FOREIGN ACTIVITIES SCHEDULE F, PART I, LINE 3 WOODS HOLE OCEANOGRAPHIC INSTITUTION (WHOI) OPERATES TWO U.S. GOVERNMENT-OWNED OCEANOGRAPHIC RESEARCH VESSELS UNDER THE UNIVERSITY-NATIONAL OCEANOGRAPHIC LABORATORY SYSTEM (UNOLS). THE SHIPS OPERATE BY "LEGS," PERIODS OF TIME AT SEA. EACH LEG ENDS IN A PORT OF CALL TO DISEMBARK RESEARCHERS, EQUIPMENT AND SOMETIMES MARINE CREW, THEN LOAD EQUIPMENT, AND BOARD THE NEXT SET OF RESEARCHERS AND SOMETIMES CREW MEMBERS FOR THE FOLLOWING LEG. SOME PORTS OF CALL ARE IN FOREIGN REGIONS AS DETERMINED BY GRANTS THAT FUND SHIP OPERATIONS. WHOI DOES NOT CONSIDER THESE TRANSIENT ACTIVITIES TO CONSTITUTE FOREIGN ACTIVITIES THAT SHOULD BE REPORTED ON FORM 990, SCHEDULE F. IN ALL OF THESE CASES THE PURPOSE OF JOINING A SHIP IS TO CONDUCT RESEARCH ACTIVITIES OR SHIP OPERATIONS AT SEA, NOT IN THE FOREIGN COUNTRY. HOWEVER, AGENTS, PRIMARILY SHIP'S AGENTS WHO ARE PAID FOR SERVICES TO FACILITATE THE TURNOVER BETWEEN LEGS AT SEA, ARE REPORTED BY NUMBER AND TOTAL EXPENDITURES (PART I, LINE 3, COLUMNS (C) AND (F)). ACTIVITIES PER REGION PART I, LINE 3, COLUMNS (B) & (F) REPORTABLE INFORMATION IS OBTAINED THROUGH WHOI'S FINANCIAL MANAGEMENT SYSTEM. PROVISION OF COLUMN (F) DATA FOR THE INSTITUTION WAS FACILITATED BY A LOCALLY-IMPOSED ACCOUNTING PROCEDURE THAT SEPARATES COSTS INCURRED INSIDE ITS BORDERS FROM THOSE INCURRED OUTSIDE. X X X X X true BALLANTINE CORPORATION MAILING false 80732 46558 0 EDWARD FONES SEE PART IV false 0 69745 0 80732 116303 0 CT MA NY SCHEDULE G, PART I, LINE 2B FUNDRAISING CONSULTANT EDWARD FONES WAS ASSOCIATED WITH THE SAME FUNDRAISING ACTIVITIES AS BALLANTINE CORPORATION. GROSS RECEIPTS FROM THIS JOINT EFFORT ARE INCLUDED ON LINE 1, COLUMN IV. true TUITION/FELLOWSHIPS & SCHOLARSHIPS 136 7554445 BOOK TUITION STIPENDS 116 2541522 MAINTAINING RECORDS FORM 990, SCHEDULE I, PART I, LINE 1 APPLICATIONS FOR ADMISSIONS ARE REVIEWED BY FACULTY. STUDENTS ARE ADMITTED BASED UPON THEIR ACADEMIC RECORD, AND ALL ARE GIVEN SUPPORT THROUGH EITHER WHOI OR MIT. WRITTEN RECORDS OF ALL DECISIONS ARE RETAINED. MONITORING USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 EACH STUDENT'S ACADEMIC PROGRESS IS EVALUATED YEARLY TO ENSURE SATISFACTORY ACADEMIC PROGRESS. X false true X X X X X false true false false false false false true true true MARK ABBOTT PRESIDENT/DIRECTOR 452484 0 0 0 29396 0 200126 0 43485 0 725491 0 0 0 CHRISTOPHER LAND VP LEGAL AFFAIRS/GEN. COUNSEL 305202 0 5000 0 2705 0 22400 0 14748 0 350055 0 0 0 JEFFREY A FERNANDEZ VP OPS & CFO 353440 0 0 0 210620 0 76308 0 44320 0 684688 0 175000 0 LAURENCE MADIN DEP DIR & VPR (UNTIL 5/19) 169242 0 0 0 32277 0 15099 0 11565 0 228183 0 0 0 SAMUEL HARP VP FOR ADVANCEMENT & CMO 293842 0 2500 0 5825 0 22400 0 27637 0 352204 0 0 0 ROBERT MUNIER VP MARINE FACILITIES & OPS 305247 0 5000 0 9825 0 33600 0 29119 0 382791 0 0 0 ROBERT WELLER SENIOR SCIENTIST 263703 0 0 0 7830 0 32100 0 12697 0 316330 0 0 0 DONALD ANDERSON SENIOR SCIENTIST 238803 0 0 0 2880 0 29537 0 24257 0 295477 0 0 0 KEITH GLAVIN SR. DIR. INFORMATION SYSTEMS 251258 0 0 0 1775 0 25196 0 26599 0 304828 0 0 0 JOHN TROWBRIDGE SENIOR SCIENTIST 247132 0 0 0 2623 0 33540 0 11512 0 294807 0 0 0 SUSAN HUMPHRIS INTERIM DEP DIR&VP OF RESEARCH 238591 0 0 0 0 0 29492 0 23590 0 291673 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE FORM 990, SCHEDULE J, LINE 1A DR. MARK R. ABBOTT RECEIVED HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER. SUCH AMOUNTS ARE NOT CONSIDERED TAXABLE COMPENSATION. THE VALUE OF THE HOUSING IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FORM 990, SCHEDULE J, LINE 4B PURSUANT TO HIS EMPLOYMENT AGREEMENT, DR. MARK R. ABBOTT IS ENTITLED TO A DISCRETIONARY BONUS OF UP TO $100,000 PER YEAR FOR FIVE YEARS. SUBJECT TO THE OFFICER'S CONTINUED EMPLOYMENT AS PRESIDENT AND DIRECTOR THROUGH SEPTEMBER 30, 2020, THE INSTITUTION SHALL PAY THE TOTAL OF ALL ANNUAL BONUS AWARDS NO LATER THAN DECEMBER 31, 2020. THE AWARD OF $100,000 ACCRUED IN 2019 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C). IN ADDITION, AT THE END OF THE TERM THE PRESIDENT IS ENTITLED TO CONTINUE HIS EMPLOYMENT FOR ONE YEAR. AMOUNTS ACCRUED OF $70,833 IN CONNECTION WITH THIS ARRANGEMENT ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). JEFFREY FERNANDEZ WAS ENTITLED TO A ONE-TIME LUMP-SUM RETENTION PAYMENT OF $200,000 IF HE REMAINED EMPLOYED BY THE INSTITUTION THROUGH JUNE 30, 2019. THE AMOUNT WAS PAID IN 2019 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). IN ADDITION, JEFFREY FERNANDEZ IS ENTITLED TO ANOTHER RETENTION PAYMENT OF $75,000 IF HE REMAINS EMPLOYED BY THE INSTITUTION THROUGH JUNE 30, 2020. AMOUNTS ACCRUED OF $42,708 IN CONNECTION WITH THIS ARRANGEMENT ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). TERMS AND CONDITIONS OF DISCRETIONARY BONUS FORM 990, SCHEDULE J, LINE 7 WHOI PROVIDES DR. MARK R. ABBOTT WITH A DISCRETIONARY BONUS OF $100,000 for 2019 TO BE PAID OUT IN 2020. THE BONUS IS AT THE DISCRETION OF THE BOARD OR THE COMPENSATION COMMITTEE. PLEASE SEE DISCLOSURE FOR DR. ABBOTT IN CONNECTION WITH SCHEDULE J, PART I, LINE 4B. CHRISTOPHER LAND, ROBERT MUNIER AND SAMUEL HARP RECEIVED PERFORMANCE BONUSES IN 2019 OF $5,000, $5,000 AND $2,500, RESPECTIVELY. THE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). THE BONUSES WERE APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. FORM 990, SCHEDULE J, LINE 8 WHOI ENTERED INTO AN EMPLOYMENT CONTRACT WITH DR. MARK ABBOTT IN JUNE 2015. THE TERMS OF THIS CONTRACT INCLUDE A BASE SALARY, INCENTIVE PROGRAM, CONFIDENTIALITY, AND SEVERANCE PROVISION. A MHEFA 042456011 57584YGR4 2018-05-09 86306214 Refinanced Bond Issue of 12/4/2008 false false false A 0 0 86468681 0 0 0 645990 0 0 2055749 50660224 33106718 2019 true false false true A false false false true true 0.03560 0.00000 0.03560 false false false true A false true false true false false 0 false 0 false true A true TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART I, LINE A, COLUMN (F) REFINANCED BOND ISSUE OF 12/04/2008 AND CONSTRUCTION. SCHEDULE K, PART II, LINE 3 THE AMOUNT REPORTED INCLUDES TOTAL PROCEEDS OF PRINCIPAL TOTALING $75,510,000 AND PREMIUM OF $10,958,681. SCHEDULE K, PART III, LINE 9; PART IV, LINE 7; PART V THE ORGANIZATION HAS A CHECKLIST IN PLACE TO ENSURE COMPLIANCE WITH FEDERAL TAX REQUIREMENTS. SCHEDULE K, PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED ON 06/06/2018. X 22 1463530 FMV X CATERING 1 10145 FMV X BOOKS 1 0 NONE X LIGHTING 1 35500 FMV X EVENTS 1 4850 FMV X BOAT 1 0 NONE X KAYAK 1 0 NONE X TUG BOAT CRUISE 1 0 NONE 0 false true true CONTRIBUTION METHOD FORM 990, SCHEDULE M, PART I, COLUMN (B) WOODS HOLE OCEANOGRAPHIC INSTITUTION HAS REPORTED THE NUMBER OF CONTRIBUTIONS ON THIS SCHEDULE. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION IS DEDICATED TO ADVANCING KNOWLEDGE OF THE OCEAN AND ITS CONNECTION WITH THE EARTH SYSTEM THROUGH A SUSTAINED COMMITMENT TO EXCELLENCE IN SCIENCE, ENGINEERING, AND EDUCATION, AND TO THE APPLICATION OF THIS KNOWLEDGE TO PROBLEMS FACING SOCIETY. DELEGATION OF BOARD AUTHORITY FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIRMAN OF THE BOARD OF TRUSTEES (EX OFFICIO); VICE CHAIRMAN OF THE BOARD OF TRUSTEES(EX OFFICIO); CHAIRMAN OF THE CORPORATION (EX OFFICIO); THE CHAIRS OF THE ADVANCEMENT COMMITTEE, AUDIT AND RISK COMMITTEE, COMMITTEE ON THE BOARD, FACILITIES COMMITTEE, FINANCE AND INVESTMENTS SUBCOMMITTEE, AND UP TO FOUR DESIGNEES APPOINTED BY THE BOARD, FROM TRUSTEES SUGGESTED BY THE CHAIRMAN OF THE BOARD. THE CHAIRMAN OF THE BOARD OF TRUSTEES SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, SO FAR AS MAY BE PERMITTED BY LAW, ALL OF THE POWERS OF THE BOARD DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES EXCEPT SUCH POWERS OR DUTIES AS MAY HAVE BEEN SPECIFICALLY DELEGATED BY THE BOARD TO OTHER COMMITTEES OR OFFICERS, AND SHALL HAVE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION TO BE AFFIXED TO ALL PAPERS WHICH MAY REQUIRE IT, AND SUCH OTHER POWERS AS THE BOARD MAY DELEGATE TO IT. THE EXECUTIVE COMMITTEE MAY HOLD MEETINGS AND MAKE RULES FOR THE CONDUCT OF ITS BUSINESS AS IT SHALL FROM TIME TO TIME DEEM NECESSARY OR ADVISABLE. THE PRESENCE OF AT LEAST FIVE MEMBERS OF THE EXECUTIVE COMMITTEE WHO ARE TRUSTEES SHALL CONSTITUTE A QUORUM AND MAY TAKE ACTION BY MAJORITY VOTE OF SUCH QUORUM. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD IN WRITING OR AT THE NEXT MEETING OF THE BOARD. CONSISTENT WITH THE PROVISIONS OF THE MASSACHUSETTS GENERAL LAWS, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO: (I) CHANGE THE PRINCIPAL OFFICE OF THE CORPORATION; (II) AMEND THE BYLAWS; (III) ELECT THE STATUTORY OFFICERS OF THE CORPORATION INCLUDING THE PRESIDENT AND DIRECTOR, TREASURER, AND SECRETARY, OR FILL VACANCIES IN SUCH OFFICES; (IV) CHANGE THE NUMBER OF THE BOARD OF TRUSTEES OR FILL VACANCIES IN THE BOARD OF TRUSTEES; OR (V) REMOVE OFFICERS OR TRUSTEES FROM OFFICE. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B WOODS HOLE OCEANOGRAPHIC INSTITUTION'S (WHOI) FORM 990 IS PREPARED WITH THE ASSISTANCE OF ITS OUTSIDE TAX ACCOUNTANTS. FOLLOWING WHOI'S INTERNAL MANAGEMENT'S REVIEW, A DRAFT VERSION OF THE RETURN IS DISTRIBUTED TO THE AUDIT AND RISK COMMITTEE FOR REVIEW AND COMMENTS. ONCE THE RETURN HAS BEEN UPDATED WITH INTERNAL MANAGEMENT AND THE AUDIT AND RISK COMMITTEE'S COMMENTS, EACH VOTING MEMBER OF THE GOVERNING BODY, THE PRESIDENT & DIRECTOR AND VP FOR OPERATIONS AND CHIEF FINANCIAL OFFICER, WILL RECEIVE COPIES OF FORM 990 FOR REVIEW. THE AUDITORS/TAX CONSULTANTS WILL THEN FINALIZE THE FORM 990. COPIES OF COMPLETED FORM 990 WILL BE DISTRIBUTED IN ELECTRONIC OR PAPER FORM TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. A DESIGNEE OF THE CHIEF FINANCIAL OFFICER WILL BE RESPONSIBLE FOR MAINTAINING A CURRENT DISTRIBUTION LIST AND DISTRIBUTING THE COPIES. CONFLICT OF INTEREST COMPLIANCE FORM 990, PART VI, LINE 12C EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF WOODS HOLE OCEANOGRAPHIC INSTITUTION ("WHOI") IS REQUIRED TO DISCLOSE ON AN ONGOING BASIS, IN WRITING, ON WHOI'S DISCLOSURE STATEMENT, (A) ANY FINANCIAL OR BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMBER, HAS WITH WHOI OR ANY AFFILIATED ORGANIZATION OR WITH ORGANIZATIONS THAT DO BUSINESS WITH WHOI OR ANY AFFILIATED ORGANIZATION, (B) ANY ELECTED OR APPOINTED OFFICE OR POSITION THAT HE OR SHE, OR ANY FAMILY MEMBER, HOLDS IN A BRANCH OF GOVERNMENT OR IN A REGULATORY AGENCY HAVING AUTHORITY OR JURISDICTION OVER WHOI, OR (C) OTHER PERSONAL, FAMILIAL, FINANCIAL, OR BUSINESS RELATIONSHIPS THAT OTHERWISE COULD BE CONSTRUED TO AFFECT THE INDEPENDENT, UNBIASED JUDGMENT OF SUCH TRUSTEE OR OFFICER IN LIGHT OF HIS OR HER DECISION-MAKING AUTHORITY OR RESPONSIBILITIES FOR WHOI. THE DISCLOSURE STATEMENTS ARE FILED WITH WHOI'S SECRETARY AND THE SECRETARY WILL PREPARE A REPORT ANNUALLY OR MORE FREQUENTLY AS NECESSARY FOR THE TRUSTEES AND OFFICERS SUMMARIZING ANY CONFLICT ISSUES. THE AUDIT COMMITTEE REVIEWS THE DISCLOSURE REPORTS AND ANY CONFLICTS OR POTENTIAL CONFLICTS ARE BROUGHT TO THE EXECUTIVE COMMITTEE'S ATTENTION. THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER A CONFLICT EXISTS BASED ON WHOI'S CONFLICT OF INTEREST POLICY. IF A CONFLICT OF INTEREST IS DETERMINED, THE EXECUTIVE COMMITEE WILL EXERCISE ITS JUDGMENT ON THE BEST COURSE TO FOLLOW. COMPENSATION APPROVAL FORM 990, PART VI, LINE 15 THE ANNUAL COMPENSATION APPROVAL PROCESS CONSISTS OF A REVIEW BY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE, USING COMPARABLE, RELEVANT MARKET DATA FOR THE INSTITUTION'S POSITIONS OBTAINED FROM PUBLISHED SURVEYS, AND OTHER AVAILABLE SOURCES SUCH AS PEER ORGANIZATIONS' 990 FORMS. OTHER SURVEYS OF SPECIALIZED SKILL SETS OR EMPLOYEE ATTRIBUTES CRITICAL TO THE SUCCESS OF THE INSTITUTION WILL ALSO BE INCORPORATED AS NEEDED. MOREOVER, THE COMMITTEE MAY RELY ON MEMBERS OF WHOI MANAGEMENT AND OUTSIDE ADVISORS, CONSULTANTS, AND COUNSEL TO PROVIDE MARKET DATA REPORTS, ANALYSIS, AND OPINIONS WITH RESPECT TO COMPENSATION-RELATED MATTERS. ALL COMPENSATION DECISIONS MADE ARE DOCUMENTED IN THE MINUTES. PUBLIC DISCLOSURE OF DOCUMENTS FORM 990, PART VI, LINE 18 THE FORM 990 IS MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE, UPON REQUEST, AND ON GUIDESTAR.ORG. FORM 990, PART VI, LINE 19 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 VEBA RELATED EXPENSES $951,010 RETURN ON INVESTMENT FOR RETIREE & ACTIVE MED. 2,313,166 NET PERIODIC BENEFIT COST (245,533) CHANGE IN SPLIT INTEREST AGREEMENTS 293,767 CHANGE IN NET ASSETS (1,633,744) PENSION RELATED CHANGES OTHER THAN COST (16,674,540) GAIN ON SALE OF INVESTMENT (EOM) (500,000) TOTAL (15,495,874) WHOI TAX EXEMPT EMP WELFARE BEN TRUST 569 WOODS HOLE ROAD WOODS HOLE MA 02543 043282355 BEN. TRUST MA 501(C)(9) N/A WOODS HOLE true WHOI INVESTMENTS HOLDINGS LP 569 WOODS HOLE RD WOODS HOLE MA 02543 371769504 INVESTING DE WOODS HOLE EXCLUDED 27941547 486186206 false 2157921 false 1.00000 QUISSETT DEVELOPMENT CORP REALTY TRUST 569 WOODS HOLE ROAD WOODS HOLE MA 02543 266212595 LICENSING MA WOODS HOLE TRUST 1.00000 true CHARITABLE REMAINDER TRUST (1) SUPPORT MA WOODS HOLE TRUST true CHARITABLE REMAINDER TRUST (2) SUPPORT NY WOODS HOLE TRUST true CHARITABLE REMAINDER TRUST (3) SUPPORT FL WOODS HOLE TRUST true false true false false false false false false false false false false false false false false true true true WHOI TAX EXEMPT EMP WELFARE BEN TRUST Q 699932 CASH