2019-10-14T13:58:07-05:00 2018-12-31 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2018-01-01 680492065 PUBLIC LIBRARY OF SCIENCE PUBL 4156241200 1160 BATTERY STREET NO 225 SAN FRANCISCO CA 94111 TODOR GRIGOROV CFO 4156241200 2019-10-10 1 KATY BROWN P00650274 9257902600 2019-10-10 38.111.205.16 2019-10-10 12:01:53 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A2EF7C6B3EF9173E0A95C57244F2B1B86FE486B2 2018 2020-01-14 16:20:31Z TODOR GRIGOROV 1160 BATTERY STREET NO 225 SAN FRANCISCO CA 94111 37176279 0 X WWW.PLOS.ORG X 2001 CA PLEASE SEE SCHEDULE O FOR COMPLETE DESCRIPTION OF THE ORGANIZATION'S MISSION. 10 9 205 12061 318689 111172 4732 3606 35375666 32007918 715628 503884 96412 1929 36192438 32517337 0 0 0 0 22281610 24034068 0 0 0 16210669 13946083 38492279 37980151 -2299841 -5462814 21016206 15407696 4048117 4724106 16968089 10683590 X PLEASE SEE SCHEDULE O FOR COMPLETE DESCRIPTION OF THE ORGANIZATION'S MISSION. 0 0 30341405 31689229 SCIENCE AND MEDICAL PUBLISHING ARE THE CORE OF PLOS PROGRAM EXPENSE AT OVER $30 MILLION. THE SCOPE OF PLOS JOURNALS INCLUDES: PLOS ONE, THE FIRST MULTIDISCIPLINARY OA JOURNAL PUBLISHING ALL TECHNICALLY VALID AND ETHICAL RESEARCH, REGARDLESS OF ANTICIPATED IMPACT. PLOS BIOLOGY, PUBLISHING ARTICLES OF EXCEPTIONAL SIGNIFICANCE, ORIGINALITY AND RELEVANCE IN ALL AREAS OF BIOLOGICAL SCIENCE, FROM MOLECULES TO ECOSYSTEMS TO DATA-DRIVEN META-RESEARCH. PLOS MEDICINE, WITH ARTICLES IN ALL AREAS OF MEDICAL SCIENCE, CLINICAL PRACTICE AND HEALTH POLICY INCLUDING A VARIETY OF STUDY DESIGNS.(CONTINUED ON SCHEDULE O). PLOS COMPUTATIONAL BIOLOGY, PUBLISHING WORK THAT FURTHERS THE UNDERSTANDING OF LIVING SYSTEMS AT ALL SCALES THROUGH THE APPLICATION OF COMPUTATIONAL METHODS. PLOS GENETICS, FOCUSED ON ORIGINAL CONTRIBUTIONS IN GENETICS AND GENOMICS THAT REFLECT THE FULL BREADTH, INTERDISCIPLINARY NATURE AND IMPACT OF THESE FIELDS ON SCIENCE AND MEDICINE. PLOS NEGLECTED TROPICAL DISEASES, THE FIRST JOURNAL SOLELY DEVOTED TO CHRONIC AND POVERTY-PROMOTING INFECTIOUS DISEASES, PUBLISHES RESEARCH ON ALL ASPECTS OF NTDS. PLOS PATHOGENS, FIRST OA JOURNAL FOR BREAKTHROUGHS IN UNDERSTANDING PATHOGENS AND THEIR INTERACTIONS WITH HOST ORGANISMS.IN 2018 PLOS CONTINUED ITS FOCUS ON EASING AND MODERNIZING PROCESSES FOR OUR INTERNATIONAL COMMUNITY OF CONTRIBUTORS TO MORE QUICKLY BRING WORK TO THE PUBLIC; EXPANDING OPPORTUNITIES FOR AUTHORS AND READERS TO PARTICIPATE IN THE SCIENTIFIC DISCOURSE; AND UPDATING POLICIES AND PRACTICES TO IMPROVE RECOGNITION, CREDIT AND REPRODUCIBILITY. THE FOLLOWING ARE KEY HIGHLIGHTS FROM OUR WORK IN 2018: PLOS CONTINUED ITS STRONG SUPPORT FOR INCREASED TRANSPARENCY BY ESTABLISHING POLICIES TO GIVE CREDIT FOR EACH AUTHOR'S ROLE IN THE RESEARCH PROCESS. A MORE SYSTEMATIC DESCRIPTION OF AUTHOR CONTRIBUTIONS IS A PREREQUISITE TO PROVIDING DUE CREDIT FOR ROLES THAT ARE INSTRUMENTAL TO THE RESEARCH ENTERPRISE, ESPECIALLY THOSE ROLES THAT ARE TOO OFTEN IGNORED OR DEVALUED. PLOS JOURNALS HAVE ADOPTED BOTH ORCID AND CREDIT SINCE 2016, WHICH HELP FACILITATE BEST PRACTICES FOR AUTHOR CREDIT. TO EXPEDITE DISCOVERY AND ACCESS TO PLOS RESEARCH ARTICLES, WE WORKED WITH GOOGLE SCHOLAR TO INCLUDE PLOS ABSTRACTS IN THEIR NEW QUICK ABSTRACTS FEATURE. RESEARCHERS AROUND THE WORLD CAN NOW VIEW COMPLETE ABSTRACTS AND EXPLORE CITATIONS QUICKLY AND EFFICIENTLY FROM ANY MOBILE DEVICE. FOR SCIENTISTS, EDUCATORS, POLICY MAKERS AND JOURNALISTS, THIS MEANS MORE EFFICIENT AND TIMELY ACCESS TO THE ACADEMIC LITERATURE. PLOS ENABLED AUTHORS TO HAVE A CHOICE OF POSTING THEIR SUBMITTED MANUSCRIPT ON THE BIORXIV PREPRINT SERVER THANKS TO OUR PARTNERSHIP WITH BIORXIV. PREPRINTS ENABLE AUTHORS TO ACCELERATE THE DISSEMINATION OF THEIR WORK AND INVITE COMMENTARY BY A BROADER COMMUNITY, WHICH PLOS EDITORS WILL EVALUATE AS PART OF PEER REVIEW. PLOS BEGAN ITS WORK TO HELP PROVIDE A FRAMEWORK FOR MINIMAL REPORTING STANDARDS IN THE LIFE SCIENCES. TRANSPARENCY IN REPORTING BENEFITS SCIENTIFIC COMMUNICATION ON MANY LEVELS. WHILE SPECIFIC NEEDS AND EXPECTATIONS VARY ACROSS FIELDS, THE EFFECTIVE USE OF RESEARCH FINDINGS RELIES ON THE AVAILABILITY OF CORE INFORMATION ABOUT RESEARCH MATERIALS, DATA, AND ANALYSIS. THESE ARE THE UNDERLYING PRINCIPLES THAT LED TO THE DESIGN OF THE TOP GUIDELINES, WHICH OUTLINE A FRAMEWORK THAT OVER 1,000 JOURNALS AND PUBLISHERS HAVE ELECTED TO FOLLOW. WE MADE SIGNIFICANT PROGRESS TOWARDS A NETWORKED ECOSYSTEM WITH MORE THAN 170,000 AUTHENTICATED ORCID USERS IN OUR SYSTEM. ORCID ENABLES CONNECTIONS BETWEEN PUBLICATIONS, GRANTS AND RESEARCHERS, AND PROVIDES ACCURATE RECOGNITION, APPROPRIATE CREDIT AND EASIER DISCOVERY OF AUTHORS' WORK BY POTENTIAL COLLABORATORS, FUNDERS AND EMPLOYERS. WE ADDED A NEW EBOLA OUTBREAK CHANNEL IN RESPONSE TO AN OUTBREAK IN CONGO. CHANNELS FOSTER DISCOVERY, EXPLORATION AND CONTEXTUAL INSIGHTS BY COMBINING CURATED, QUALITY RESEARCH; FACTUAL NEWS FROM RELIABLE WEB SOURCES; AND EXPERT COMMENTARY. WE CONTINUED OUR PUBLICATION FEE ASSISTANCE PROGRAMS, DESIGNED TO OVERCOME BARRIERS TO IMMEDIATE AVAILABILITY, ACCESS AND USE OF RESEARCH. IN 2018 PLOS PROVIDED $1.9 MILLION IN PARTIAL OR FULL ARTICLE PROCESSING CHARGE (APC) WAIVERS TO AUTHORS. THIS MAJOR PROGRAM EXPENSE, WHICH APPEARS AS A CONTRA-REVENUE FOR FINANCIAL REPORTING PURPOSES, DEMONSTRATES OUR SUPPORT TO SCIENCE AND THE GLOBAL RESEARCH COMMUNITY. 30341405 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 91 0 1 205 1 1 1 1 UK 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X SUSAN AU DIRECTOR OF FINANCE AND ACCOUNTING 4156241200 1160 BATTERY STREET NO 225 SAN FRANCISCO CA 94111 MICHAEL W CARROLL BOARD MEMBER 5.00 X 0 0 0 MICHAEL B EISEN BOARD MEMBER (THRU 10/18) 5.00 X 0 0 0 DAVID LIDDLE BOARD MEMBER (THRU 5/18) 5.00 X 0 0 0 ROBIN LOVELL-BADGE BOARD MEMBER 5.00 X 0 0 0 MEREDITH T NILES BOARD MEMBER 5.00 X 0 0 0 JENNY MACHIDA BOARD MEMBER 5.00 X 0 0 0 ALASTAIR ADAM BOARD MEMBER (START 11/18) 5.00 X 0 0 0 SURESH BHAT BOARD MEMBER (START 11/18) 5.00 X 0 0 0 VICTORIA COLEMAN BOARD MEMBER (START 5/18) 5.00 X 0 0 0 SIMINE VAZIRE BOARD MEMBER (START 10/18) 5.00 X 0 0 0 GARY E WARD BOARD CHAIR (THRU 12/18) 5.00 X X 0 0 0 ALISON MUDDITT CHIEF EXECUTIVE OFFICER 40.00 X X 343999 0 31665 RICHARD HEWITT CHIEF FINANCIAL OFFICER (THRU 12/18) 40.00 X 322402 0 35833 RAY CAMPBELL GENERAL COUNSEL & SEC.(THRU 12/18) 40.00 X 179064 0 22243 LOUISE PAGE CHIEF INNOVATION OFFICER (THRU 10/18) 40.00 X 312276 0 9407 VERONIQUE KIERMER PUBLISHER & EXEC EDITOR 40.00 X 281864 0 26109 REBEKAH DARKSMITH CHIEF MARKETING OFFICER (START 2/18) 40.00 X 211790 0 20540 CATHERINE RAYHILL CHIEF TECHNOLOGY OFFICER (THRU 4/18) 40.00 X 193558 0 9687 AARON DODDS DIRECTOR PRODUCT MGMT 40.00 X 199765 0 23816 SUSAN AU DIRECTOR, FINANCE & ACCOUNTING 40.00 X 193541 0 13046 LAURENCE PEIPERL CHIEF EDITOR (THRU 12/18) 40.00 X 199765 0 25183 CLARK E HARTSOCK III SR MANAGER IT SERVICES (THRU 12/18) 40.00 X 186330 0 24051 JOERG D HERBER EDITOR-IN-CHIEF 40.00 X 185522 0 30197 2809876 0 271777 56 0 1 0 KAUFMAN WILLS FUSTING & COMPANY 1010 STREEPER ST S BALTIMORE MD 21224 EDITORIAL SERVICES 1374726 APEX COVANTAGE LLC 198 VAN BUREN ST 200 PRESIDENTS P HERNDON VA 20170 COMPOSITION 1309617 EDITORIAL OFFICE LTD 21 LION CLOSE RG25 3HL OVERTON HAMPSHIRE UK EDITORIAL SERVICES 1234585 J&J EDITORIAL 201 SHANNON OAKS CIR 124 CARY NC 27511 EDITORIAL SERVICES 1148006 ARIES SYSTEMS CORPORATION 50 HIGH STREET SUITE 21 NORTH ANDOVER MA 01845 MANUSCRIPT SUBMISSION & TRACKING SYSTEM 820017 16 3606 3606 PUBLICATION FEES, NET 519130 31663670 31663670 ADVERTISING 519130 318689 318689 REPRINTS 519130 25559 25559 32007918 412826 412826 1929 1929 4750000 4656141 2801 93859 -2801 91058 91058 32517337 31689229 318689 505813 2000437 1554603 445834 18337497 14250653 4086844 2228519 1731853 496666 1467615 1140530 327085 24132 24132 62750 62750 20000 20000 1130040 484401 645639 438703 438703 574010 132587 441423 1134949 799806 335143 1801856 1587189 214667 718363 447911 270452 477865 420934 56931 91540 80634 10906 PRODUCTION COSTS 7251911 7251911 TRAINING & RECRUITMENT 219964 19690 200274 37980151 30341405 7638746 0 912832 707955 175976 175976 1718422 2154573 59089 60726 996267 603189 4833231 3975781 1301773 857450 15843445 10839425 8402 8402 21016206 15407696 2548678 4157175 432649 566931 1066790 0 4048117 4724106 X 16968089 10683590 16968089 10683590 21016206 15407696 X -5462814 -735706 -85979 X X 0 1 X 1 0 X 81797 208446 7215 4732 3606 305796 44310230 42343985 36882826 35082866 31689229 190309136 44392027 42552431 36890041 35087598 31692835 190614932 58882 186768 245650 0 58882 186768 245650 190369282 1077267 1180467 933692 564541 414755 4170722 3498 3498 1077267 1183965 933692 564541 414755 4174220 2698 832 3530 45471992 43737228 37823733 35652139 32107590 194792682 0.97730 0.97830 0.02140 0.02170 X 0 1 0 0 0 0 0 0 1 444 444 0 PART II-B, LINE 1: 2 PLOS EMPLOYEES SPENT TOTAL OF 4 HOURS TO REVIEW AND EDIT OPEN SCIENCE POSITION PAPER THAT WAS SENT TO EU FOR HORIZON EUROPE. PLOS WAS ONE OF THE PARTICIPATING SIGNATORY ORGANIZATIONS. 1099251 806297 292954 2786162 2221666 564496 947818 947818 0 857450 X 31675652 -735706 -85979 -821685 32497337 20000 20000 32517337 37960151 0 37960151 20000 20000 37980151 PART X, LINE 2: PLOS HAS RECEIVED NOTIFICATION FROM THE INTERNAL REVENUE SERVICE AND THE STATE OF CALIFORNIA THAT IT QUALIFIES FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 27301D OF THE CALIFORNIA REVENUE AND TAXATION CODE. THE EXEMPTIONS ARE SUBJECT TO PERIODIC REVIEW BY THE FEDERAL AND STATE TAXING AUTHORITIES, AND MANAGEMENT IS CONFIDENT THAT PLOS CONTINUES TO SATISFY ALL FEDERAL AND STATE STATUTES IN ORDER TO QUALIFY FOR CONTINUED TAX EXEMPTION STATUS. PLOS MAY PERIODICALLY RECEIVE UNRELATED BUSINESS INCOME (SUCH AS ADVERTISING INCOME, ETC.) REQUIRING PLOS TO FILE SEPARATE TAX RETURNS UNDER FEDERAL AND STATE STATUTES. PLOS ALSO HAS CERTAIN TRANSACTIONS REQUIRING THE PAYMENT OF ADDITIONAL EMPLOYER TAXES TO HM REVENUE AND CUSTOMS IN THE U.K. UNDER SUCH CONDITIONS, PLOS CALCULATES AND ACCRUES THE APPLICABLE TAXES. PLOS IS NOT SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, NOR WAS FOR ANY PRIOR YEARS. PLOS ASSESSES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN AGAINST MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION. BASED ON AN ANALYSIS PREPARED BY PLOS, IT WAS DETERMINED THAT PLOS BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXCHANGE RATE -85,979. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 54 PROGRAM SERVICES EDITORIAL SUPPORT TO SERVE U.S. OPERATIONS. 3523629 1 54 0 0 1 54 3523629 0 3523629 0 0 0 0 0 0 X X X X X 1 0 0 0 0 0 0 0 0 ALISON MUDDITT CHIEF EXECUTIVE OFFICER 343999 0 0 0 0 0 14072 0 17593 0 375664 0 0 0 RICHARD HEWITT CHIEF FINANCIAL OFFICER (THRU 12/18) 322402 0 0 0 0 0 11832 0 24001 0 358235 0 0 0 RAY CAMPBELL GENERAL COUNSEL & SEC.(THRU 12/18) 179064 0 0 0 0 0 7083 0 15160 0 201307 0 0 0 LOUISE PAGE CHIEF INNOVATION OFFICER (THRU 10/18 246260 0 0 0 66016 0 9407 0 0 0 321683 0 0 0 VERONIQUE KIERMER PUBLISHER & EXEC EDITOR 281864 0 0 0 0 0 11000 0 15109 0 307973 0 0 0 REBEKAH DARKSMITH CHIEF MARKETING OFFICER (START 2/18) 211790 0 0 0 0 0 7934 0 12606 0 232330 0 0 0 CATHERINE RAYHILL CHIEF TECHNOLOGY OFFICER (THRU 4/18) 105046 0 0 0 88512 0 3823 0 5864 0 203245 0 0 0 AARON DODDS DIRECTOR PRODUCT MGMT 199765 0 0 0 0 0 7693 0 16123 0 223581 0 0 0 SUSAN AU DIRECTOR, FINANCE & ACCOUNTING 193541 0 0 0 0 0 6175 0 6871 0 206587 0 0 0 LAURENCE PEIPERL CHIEF EDITOR (THRU 12/18) 199765 0 0 0 0 0 7642 0 17541 0 224948 0 0 0 CLARK E HARTSOCK III SR MANAGER IT SERVICES (THRU 12/18) 156974 0 0 0 29356 0 0 0 24051 0 210381 0 0 0 JOERG D HERBER EDITOR-IN-CHIEF 185522 0 0 0 0 0 7726 0 22471 0 215719 0 0 0 PART I, LINE 4A CLARK HARTSOCK RECEIVED SEVERANCE PAYMENT OF $29,356 RELATING TO TERMINATED EMPLOYMENT ENDING DECEMBER 7, 2018. LOUISE PAGE RECEIVED SEVERANCE PAYMENT OF $66,016 RELATING TO TERMINATED EMPLOYMENT ENDING OCTOBER 31, 2018. CATHERINE RAYHILL RECEIVED SEVERANCE PAYMENT OF $88,512 RELATING TO TERMINATED EMPLOYMENT ENDING APRIL 13, 2018. PART I, LINE 1 PLOS (PUBLIC LIBRARY OF SCIENCE) IS A LEADING NONPROFIT OPEN ACCESS (OA) PUBLISHER DEDICATED TO ACCELERATING PROGRESS IN SCIENCE AND MEDICINE BY LEADING A TRANSFORMATION IN HOW RESEARCHERS COMMUNICATE WITH ONE ANOTHER AND THE PUBLIC. THE PLOS SUITE OF JOURNALS CONTAINS RIGOROUSLY PEER-REVIEWED OA RESEARCH ARTICLES FROM ALL AREAS OF SCIENCE AND MEDICINE, TOGETHER WITH EXPERT COMMENTARY AND ANALYSIS. PLOS BELIEVES SCIENTIFIC IDEAS AND DISCOVERIES ARE A PUBLIC GOOD AND SUPPORTS OA TO MAKE SCIENTIFIC ARTICLES IMMEDIATELY AND FREELY AVAILABLE WITHOUT CHARGE OR OTHER BARRIERS. WE SEEK TO OPTIMIZE THE OPENNESS AND INTEGRITY OF THE PUBLICATION PROCESS TO ENSURE THAT RESEARCH OUTCOMES ARE DISCOVERABLE, ACCESSIBLE AND AVAILABLE FOR DISCUSSION AND THAT SCIENCE COMMUNICATION IS CONSTRUCTIVE, TRANSPARENT AND VERIFIABLE. WE STRIVE TO IMPLEMENT POLICIES AND INNOVATIONS THAT PROMOTE REPRODUCIBILITY, CREDIT AND ACCOUNTABILITY IN ORDER TO FOSTER A CULTURE OF OPEN SCIENCE, WITH OPEN DATA, EARLY SHARING OF WORK AND CLEAR CONTRIBUTOR RECOGNITION. OUR WORK IN THESE AREAS IS SUPPORTED BY THE EFFORTS OF A HIGHLY DIVERSE, INTERNATIONAL COMMUNITY OF SCIENTIFIC RESEARCHERS FROM HUNDREDS OF RESEARCH AREAS WHO PUBLISH AND REVIEW RIGOROUS RESEARCH OF ALL TYPES, ENSURING THAT IT IS MADE ACCESSIBLE TO THE WORLD. SINCE 2003, PLOS HAS PUBLISHED MORE THAN 236,000 ARTICLES. IN 2018 ALONE PLOS PUBLISHED SLIGHTLY MORE THAN 20,000 RESEARCH ARTICLES DOCUMENTING THE OBSERVATIONS AND DISCOVERIES OF A DIVERSE SCIENTIFIC COMMUNITY. A GLOBAL POOL OF MORE THAN 11,000 ACADEMIC EDITORS AND 65,000 REVIEWERS CONTRIBUTED TO BRINGING THIS WORK TO THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL WITH ASSISTANCE FROM THE ORGANIZATION. THE FORM IS THEN REVIEWED BY THE CFO AND MEMBERS FROM THE AUDIT COMMITTEE. AFTER REVIEW AND MODIFICATIONS WHERE NECESSARY, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO THE BOARD OF DIRECTORS. THE CFO SIGNS AND FILES ALL REQUIRED TAX FILINGS. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL COUNSEL AND SECRETARY OVERSEES THE ANNUAL CONFLICT OF INTEREST DISCLOSURE PROCESS. A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS ALL POTENTIAL CONFLICTS OF INTEREST AT LEAST ANNUALLY. THE CEO AND ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THE ORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THE ORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF ALL HIGH-LEVEL PERSONNEL ANNUALLY IN ACCORDANCE WITH IRS RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA FROM INDUSTRY SOURCES IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND BENEFITS. EVERY EFFORT IS MADE TO ENSURE THAT THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH APPROPRIATE GOVERNANCE AND REGULATORY COMPLIANCE. THIS IS PERFORMED ANNUALLY AND THE PROCESS IS MANAGED BY THE HR DIRECTOR. REVIEW ENCOMPASSES CEO, CFO, EXECUTIVES AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 PLOS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THESE DOCUMENTS ARE ALSO POSTED ON OUR WEBSITE. FORM 990, PART XI, LINE 9: LOSS ON EXCHANGE RATE -85,979.