2018-11-14T17:51:50-06:00 2017-12-31 861065772 DELOITTE TAX LLP 925 FOURTH AVENUE SUITE 3300 SEATTLE WA 981041126 990 2017-04-28 821808476 BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE BILL 2067093100 PO BOX 23350 SEATTLE WA 98102 HELEN BOUDREAU CHIEF OPERATING OFFICER 2067093100 2018-11-14 1 JOLENE G COX P00235481 2067167000 24.19.142.179 2018-11-14 17:46:29 PS P D3EF78E5CD68727A1E19203B9DB4C5829AEEC9ED D3EF78E5CD68727A1E19203B9DB4C5829AEEC9ED 2017 2019-02-21 02:37:17Z X PENNY M HEATON 245 MAIN STREET CAMBRIDGE MA 02142 262698758 0 X WWW.GATESMRI.ORG X 2017 WA THE GATES MRI ACTIVELY AND CONTINUOUSLY ENGAGES DIRECTLY IN THE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS FOR THE PURPOSE OF ADDRESSING MAJOR CAUSES OF ILLNESS AND DEATH IN LOW-INCOME COUNTRIES. 5 0 0 0 0 0 262692744 0 6014 0 262698758 0 0 0 0 0 3027514 3027514 259671244 259671244 0 259671244 X THE GATES MRI ACTIVELY AND CONTINUOUSLY ENGAGES DIRECTLY IN THE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS FOR THE PURPOSE OF ADDRESSING MAJOR CAUSES OF ILLNESS AND DEATH IN LOW-INCOME COUNTRIES. 0 0 1699963 DURING 2017, BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE ("GATES MRI") FOCUSED ON ACTIVITIES IN ANTICIPATION OF ITS START-UP AND LAUNCH. THE GATES MRI IS GUIDED BY THE VISION THAT EVERY PERSON DESERVES THE OPPORTUNITY TO LEAD A HEALTHY AND PRODUCTIVE LIFE. THE GATES MRI ACTIVELY AND CONTINUOUSLY ENGAGES DIRECTLY IN THE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS FOR THE PURPOSE OF ADDRESSING MAJOR CAUSES OF ILLNESS AND DEATH IN LOW-INCOME COUNTRIES. IN SPECIFIC, THE GATES MRI WORKS TO IMPROVE LIVES BY HARNESSING THE LATEST SCIENCE AND TECHNOLOGY TO COMBAT AND ERADICATE INFECTIOUS DISEASES THAT AFFECT THE POOREST POPULATIONS; TO DEPLOY INNOVATIVE AND CUTTING-EDGE SCIENCE AND TECHNOLOGY IN THE AREAS OF GREATEST NEED; AND TO CREATE A WORLD-CLASS TRANSLATIONAL MEDICINE INSTITUTE THAT WILL QUICKLY AND EFFECTIVELY BRING NOVEL DRUGS, BIOLOGICS, VACCINES AND DIAGNOSTICS TO LOW AND MIDDLE-INCOME COUNTRIES. 1699963 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 WA MA X X JENNIFER DEGER 2067093100 500 FIFTH AVENUE N SEATTLE WA 98109 X SUSAN DESMOND-HELLMANN DIRECTOR 2.00 40.00 X 0 869983 13637 JIM BROMLEY DIRECTOR, SECRETARY AND TREASURER 2.00 40.00 X X 0 334292 38295 TREVOR MUNDEL DIRECTOR 3.00 40.00 X 0 612767 21676 EMILIO EMINI DIRECTOR 2.00 40.00 X 0 275958 39223 HELENE MADONICK DIRECTOR 2.00 40.00 X 0 569348 43978 PENNY HEATON CHIEF EXECUTIVE OFFICER 20.00 20.00 X 0 317056 36538 0 2979404 193347 0 0 1 0 MCKINSEY & COMPANY INC US PO BOX 7247-7255 PHILADELPHIA PA 191707255 STRATEGY DEVELOPMENT 1350000 THE HIGGINS GROUP INC 701 LEE RD SUITE 100 CHESTERBROOK PA 19087 RECRUITING 545276 STRAIGHTLINE 107 GRAND STREET NEW YORK NY 10013 COMMUNICATIONS 302799 MORGAN LEWIS & BOCKIUS LLP PO BOX 8500-S-6050 PHILADELPHIA PA 191786050 LEGAL SERVICES 299955 PEOPLEFIRM LLC 1326 FIFTH AVE SUITE 459 SEATTLE WA 98101 OPERATIONAL CONSULTING 192000 6 262692744 262692744 6014 6014 262698758 0 0 6014 X 348852 348852 16570 16570 2469543 1699963 769580 4976 4976 9248 9248 59000 59000 65513 65513 2550 2550 FURNITURE, FIXTURES & E 49737 49737 1525 1525 3027514 1699963 1327551 0 0 18777713 0 240886156 0 7375 0 259671244 0 0 X 0 259671244 0 259671244 0 259671244 259671244 0 X X 0 1 X 1 0 X UNIVERSITY OF WASHINGTON SEATTLE WA 0 0 0 0 0 0 0 0 0 SUSAN DESMOND-HELLMANN DIRECTOR 0 670061 0 185480 0 14442 0 717 0 12920 0 883620 0 0 JIM BROMLEY DIRECTOR, SECRETARY AND TREASURER 0 328771 0 0 0 5521 0 19875 0 18420 0 372587 0 0 TREVOR MUNDEL DIRECTOR 0 583345 0 0 0 29422 0 3548 0 18128 0 634443 0 0 EMILIO EMINI DIRECTOR 0 267829 0 0 0 8129 0 23698 0 15525 0 315181 0 0 HELENE MADONICK DIRECTOR 0 218741 0 0 0 350607 0 25925 0 18053 0 613326 0 0 PENNY HEATON CHIEF EXECUTIVE OFFICER 0 288264 0 0 0 28792 0 23617 0 12921 0 353594 0 0 PART I, LINE 3 FOR THE 2017 TAX YEAR, THE ORGANIZATION'S CEO WAS UNCOMPENSATED BY THE REPORTING ORGANIZATION. THE ORGANIZATION'S CEO REMAINED AN EMPLOYEE OF THE BILL & MELINDA GATES FOUNDATION, ITS SOLE MEMBER, AND PROVIDED SUPPORT TO THE REPORTING ORGANIZATION PURSUANT TO A SUPPORT AGREEMENT BETWEEN THE TWO ORGANIZATIONS. THIS AGREEMENT PROVIDED FOR THE BILL & MELINDA GATES FOUNDATION TO CONTRIBUTE SUPPORT THROUGH A NUMBER OF ITS EMPLOYEES AT NO COST TO THE REPORTING ORGANIZATION. ACCORDINGLY, THE BILL & MELINDA GATES FOUNDATION ESTABLISHED COMPENSATION FOR THE BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE CEO. FORM 990, PART VI, SECTION A, LINE 2 SUSAN DESMOND-HELLMANN, TREVOR MUNDEL, JIM BROMLEY, EMILIO EMINI, HELENE MADONICK, AND PENNY HEATON HAVE A BUSINESS RELATIONSHIP AS EMPLOYEES OF THE BILL & MELINDA GATES FOUNDATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE IS BILL & MELINDA GATES FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A BILL & MELINDA GATES FOUNDATION, THE SOLE MEMBER OF BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE, HAS THE AUTHORITY TO APPOINT AND REMOVE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B BILL & MELINDA GATES FOUNDATION, THE SOLE MEMBER OF BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE, HAS THE AUTHORITY TO AMEND THE ARTICLES OF INCORPORATION, ADOPT A PLAN OF MERGER OR CONSOLIDATION, AUTHORIZE THE SALE, LEASE, OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE ORGANIZATION, AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE ORGANIZATION AND ADOPTION OF A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTANT. AFTER PREPARATION, IT IS REVIEWED IN DETAIL BY THE CHIEF OPERATING OFFICER OF THE INSTITUTE, AND THE TAX TEAM AND CONTROLLER OF BILL & MELINDA GATES FOUNDATION, THE SOLE MEMBER OF BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE. A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF THE INSTITUTE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE CONSIDERED "COVERED PERSONS" FOR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, AND AS SUCH, ARE REQUIRED TO ANNUALLY DISCLOSE ANY RELATIONSHIPS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST INVOLVING THE ORGANIZATION. IN ADDITION, ANY TRANSACTIONS BETWEEN THE ORGANIZATION AND ANY OF THESE INDIVIDUALS (OR THEIR FAMILY MEMBERS OR AN AFFILIATED ENTITY) MUST BE DISCLOSED TO THE SECRETARY. IF THE SECRETARY HAS A POTENTIAL CONFLICT OF INTEREST, IT MUST BE DISCLOSED TO THE CHIEF EXECUTIVE OFFICER. THE SECRETARY AND CHIEF EXECUTIVE OFFICER ARE RESPONSIBLE FOR REVIEWING THE ANNUAL CONFLICT OF INTEREST DISCLOSURES AND RESOLVING ANY POTENTIAL CONFLICT OF INTERESTS THAT MAY ARISE. THE COVERED PERSON IS REQUIRED TO REFRAIN FROM USING HIS OR HER PERSONAL INFLUENCE TO ENCOURAGE THE ORGANIZATION TO ENTER INTO THE COVERED TRANSACTION. ADDITIONALLY, HE OR SHE MUST NOT PARTICIPATE IN ANY DISCUSSIONS REGARDING THE COVERED TRANSACTIONS WITH OFFICERS, DIRECTORS AND EMPLOYEES OF THE ORGANIZATION, EXCEPT TO RESPOND TO REQUESTS FOR INFORMATION. IF THE TRANSACTION IS DEEMED TO BE REASONABLE BY THE DISINTERESTED DIRECTORS (IN THE CASE OF A CONFLICT INVOLVING A DIRECTOR OR THE CHIEF EXECUTIVE OFFICER) OR CHIEF EXECUTIVE OFFICER (IN THE CASE OF A CONFLICT INVOLVING ANOTHER OFFICER OR KEY EMPLOYEE), THE ORGANIZATION MAY ENTER INTO THE TRANSACTION, AS LONG AS IT IS FAIR AND REASONABLE TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 DURING 2017, BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE DID NOT COMPENSATE ITS CHIEF EXECUTIVE OFFICER, OTHER OFFICERS OR KEY EMPLOYEES. THE ORGANIZATION HAD NO EMPLOYEES AND THE OFFICERS WERE COMPENSATED BY BILL & MELINDA GATES FOUNDATION, THE SOLE MEMBER OF BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE. BILL & MELINDA GATES FOUNDATION HAS A PROCESS TO DETERMINE COMPENSATION WHICH INCLUDES APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS DOCUMENTATION. BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE CONDUCTED A COMPENSATION STUDY IN 2017 TO PREPARE FOR THE HIRING OF EMPLOYEES ON JANUARY 1, 2018. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE'S FINANCIAL STATEMENTS ARE CONSOLIDATED WITH BILL & MELINDA GATES FOUNDATION, AND THE CONSOLIDATED FINANCIAL STATEMENTS ARE AVAILABLE AT WWW.GATESFOUNDATION.ORG. FORM 990, PART VII, SECTION A, COLUMNS (E) AND (F): DURING 2017, BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE DID NOT COMPENSATE ITS DIRECTORS OR OFFICERS. THESE INDIVIDUALS WERE COMPENSATED BY BILL & MELINDA GATES FOUNDATION, THE SOLE MEMBER OF BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE. BILL & MELINDA GATES FOUNDATION WAS RELATED TO BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE AS OF APRIL 28, 2017. THE EFFECTIVE DATE OF THE ORGANIZATIONAL CONSENT APPOINTING THE DIRECTORS AND OFFICERS OF BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE OCCURRED ON JUNE 8, 2017. AS SUCH, THE REPORTED COMPENSATION PAID BY BILL & MELINDA GATES FOUNDATION COVERS THE TIME PERIOD OF JUNE 8, 2017 THROUGH DECEMBER 31, 2017. FORM 990, PART IX, LINE 11G STRATEGY DEVELOPMENT EXPENSES: PROGRAM SERVICE EXPENSES 1,699,963. MANAGEMENT AND GENERAL EXPENSES 769,580. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,469,543. FORM 990, PART XII, LINE 2C: BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE'S AUDITED FINANCIAL STATEMENTS ARE CONSOLIDATED WITH BILL & MELINDA GATES FOUNDATION. PER THE SUPPORT AGREEMENT BETWEEN THE TWO ORGANIZATIONS, BILL & MELINDA GATES MEDICAL RESEARCH INSTITUTE HAS DELEGATED TO BILL & MELINDA GATES FOUNDATION THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF THE INDEPENDENT ACCOUNTANTS. 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