2014-08-15T10:05:43-05:00 2013-09-30 KPMG LLP 1676 International Drive McLean VA 22102 990 2012-10-01 541156453 Southeastern Universities Research Association Inc % PETER BJONERUD SOUT 2024087872 1201 New York Ave NW Suite 430 Washington DC 20005 JERRY P DRAAYER 2024087872 2014-08-13 true 7032868000 2012 2015-11-30 17:44:51Z Jerry Draayer 1201 New York Avenue Washington DC 20005 10558296 false 5487 X WWW.SURA.ORG X 1980 DC SURA, consisting of 60 member universities, operates the Jefferson Lab (a national laboratory) through a joint venture with PAE, the SURA residence facility, and conducts other scientific research. 61 61 20 0 0 4324736 2945901 1806678 1819703 2787789 368534 10049 3458 8929252 5137596 0 0 0 0 2809725 2917870 0 0 0 5174134 3982473 7983859 6900343 945393 -1762747 22059634 23410360 3606314 5055710 18453320 18354650 X GENERALLY, SURA'S PURPOSES ARE TO SERVE AS AN ENTITY BY WHICH COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS MAY COOPERATE WITH ONE ANOTHER AND WITH GOVERNMENT IN ACQUIRING, DEVELOPING, AND USING LABORATORIES, AND OTHER RESEARCH FACILITIES; AND, TO INITIATE AND PARTICIPATE IN COLLABORATIVE RESEARCH IN THE PHYSICAL, BIOLOGICAL, AND OTHER NATURAL SCIENCES AND ENGINEERING. SPECIFICALLY, THIS INCLUDES THE DESIGN, CONSTRUCTION, MANAGEMENT, AND OPERATIONS OF THE JEFFERSON LAB; AND THE COLLABORATIONS TO PROPOSE, AND SUBSEQUENTLY CONDUCT, SCIENTIFIC RESEARCH UNDER FEDERAL AGENCY SPONSORSHIP. false false 3672642 1819703 SURA WAS ESTABLISHED IN 1980 AS A NONPROFIT ASSOCIATION OF A SMALL GROUP OF RESEARCH UNIVERSITIES WITH THE OBJECTIVE OF PROFFERING A PLAN FOR THE CONSTRUCTION OF A NATIONAL CONTINUOUS ELECTRON BEAM ACCELERATOR FACILITY (CEBAF). ULTIMATELY, SURA WAS SELECTED IN A NATIONAL COMPETITION BY THE DOE TO DESIGN, BUILD, AND OPERATE CEBAF AS AN EXPERIMENTAL NUCLEAR PHYSICS FACILITY IN NEWPORT NEWS, VIRGINIA. TODAY, SURA HAS OVER 60 MEMBER UNIVERSITIES IN THE US AND CANADA AND IS ORGANIZED TO PROMOTE COOPERATIVE ACTIVITIES FOR SCIENTIFIC AND ENGINEERING PURPOSES, TO FOSTER EXCELLENCE IN SCIENTIFIC RESEARCH, TO STRENGTHEN THE SCIENTIFIC AND TECHNICAL CAPABILITIES OF THE NATION, AND TO PROVIDE TRAINING OPPORTUNITIES FOR SCIENTISTS AND ENGINEERS. CEBAF, RENAMED THE THOMAS JEFFERSON NATIONAL ACCELERATOR FACILITY, OR JEFFERSON LAB, IS ONE OF THE DOE OFFICE OF SCIENCE'S TEN NATIONAL LABORATORIES. SURA HAS BEEN RESPONSIBLE FOR THE MANAGEMENT AND OPERATIONS (M&O) CONTRACT FOR THE JEFFERSON LAB SINCE IT WAS SELECTED IN 1983 IN A NATIONAL COMPETITION. SURA PARTNERED WITH PAE APPLIED TECHNOLOGIES, LLC TO FORM JEFFERSON SCIENCE ASSOCIATES, LLC (JSA), WHICH WAS COMPETITIVELY AWARDED THE CONTRACT FOR THE MANAGEMENT AND OPERATIONS OF THE JEFFERSON LAB IN APRIL 2006. AS THE M&O CONTRACTOR, JSA HAS OVERSIGHT RESPONSIBILITY FOR JEFFERSON LAB OPERATIONS INCLUDING OVER 700 EMPLOYEES, $100 MILLION ANNUAL OPERATING BUDGET, AND $400 MILLION IN FACILITY UPGRADES THAT WILL DOUBLE THE ACCELERATOR'S ENERGY AND PROVIDE A NEW TECHNOLOGY AND ENGINEERING CENTER THAT INVOLVES THE ADDITION OF APPROXIMATELY 100,000 SF OF INDUSTRIAL ASSEMBLY, LABORATORY, AND OFFICE SPACE AND RENOVATION OF THE EXISTING PRODUCTION FACILITY. JSA IS ORGANIZED AS A LIMITED LIABILITY COMPANY AND IS GOVERNED BY AN OPERATING AGREEMENT THAT RESTRICTS ACTIVITIES EXCLUSIVELY TO THOSE HAVING CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES AND A PRIMARY MISSION TO PERFORM THE DOE JEFFERSON LAB M&O CONTRACT. SURA IS THE 60% MAJORITY OWNER AND CONTROLLING ADMINISTRATIVE AND TAX MEMBER OF JSA, AND PAE APPLIED TECHNOLOGIES, LLC IS THE 40% MINORITY MEMBER. AS PART OF JSA'S M&O RESPONSIBILITIES, SURA PROVIDES OVERSIGHT OF THE SCIENTIFIC MISSION OF THE JEFFERSON LAB WITH ASSISTANCE FROM FACULTY EXPERTS FROM ITS MEMBERS AND OTHER UNIVERSITIES. SURA ALSO OPERATES A 42-ROOM GUEST HOUSE ON ITS PROPERTY ADJACENT TO THE JEFFERSON LAB CAMPUS. THE SURA RESIDENCE FACILITY WAS ORIGINALLY CONSTRUCTED IN PARTNERSHIP WITH THE CITY OF NEWPORT NEWS. THE GUEST HOUSE ACCOMMODATES VISITING SCIENTISTS, RESEARCHERS, AND STUDENTS WHO NEED TEMPORARY HOUSING WHILE CONDUCTING THEIR RESEARCH AT THE LAB. IN ADDITION TO ITS WORK WITH THE JEFFERSON LAB, SURA DIRECTS INTRAMURAL SCIENTIFIC RESEARCH ACTIVITIES THROUGH COLLABORATIONS WITH ITS MEMBER UNIVERSITIES, GOVERNMENT AGENCIES, AND OTHER RESEARCHERS WORKING TO ADVANCE AND EXPLOIT THE TRANSFORMATIVE NATURE OF INFORMATION TECHNOLOGY ON THE REGIONAL, NATIONAL AND INTERNATIONAL FRONTS, AND FACILITATING A BETTER UNDERSTANDING OF COASTAL, OCEAN AND ENVIRONMENTAL PHENOMENA THAT PLAYS A PROMINENT ROLE IN OUR LIVES. 3672642 true true false true false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false true false false false false false false true true true false false true 13 0 true 20 true false false false false false false false false false false X 61 61 false false false false true true true true true false false true true true true true true true true true false X PETER BJONERUD 2024087872 1201 NEW YORK AVENUE SUITE 430 WASHINGTON DC 20005 DR SARA J GRAVES 1.0 X 0 0 0 DR DENNIS M MANOS 1.0 X 0 0 0 DR EDWARD BRASH 1.0 X 0 0 0 DR BARRY T ROSSON 1.0 X 0 0 0 DR CALVIN LOWE 1.0 X 0 0 0 DR JERRY BENSON 1.0 X 0 0 0 DR VICKI L COLVIN 1.0 X 0 0 0 DR DAVID P NORTON 1.0 X 0 0 0 DR PRAKASH NAGARKATTI 1.0 X 0 0 0 DR FRED KING 1.0 X 0 0 0 DR DOUG RIGNEY 1.0 X 0 0 0 DR ALICE M CLARK 1.0 X 0 0 0 DR LEO M CHALUPA 1.0 X 0 0 0 MR JAMES O'CONNOR 1.0 X 0 0 0 DR CHRISTOPHER F D'ELIA 1.0 X 0 0 0 DR KELVIN DROEGEMEIER 1.0 X 0 0 0 DR FRED D TOMPKINS 1.0 X 0 0 0 DR KEITH WILLIAMSON 1.0 X 0 0 0 DR JAMES M RANKIN 1.0 X 0 0 0 DR DANIEL I SOBER 1.0 X 0 0 0 DR DAVID C LEE 1.0 X 0 0 0 DR ANDREW MEYERS 1.0 X 0 0 0 DR ANDRES GIL 1.0 X 0 0 0 DR DAVID J ERNST 1.0 X 0 0 0 DR JOHN M MASON 1.0 X 0 0 0 DR TRUELL HYDE 1.0 X 0 0 0 DR M J SOILEAU 1.0 X 0 0 0 DR JAMES N SIEDOW 1.0 X 0 0 0 DR DAVID R SHAW 1.0 X 0 0 0 DR RICHARD NEWMAN 1.0 X 0 0 0 DR PAUL EUGENIO 1.0 X 0 0 0 DR JAMES W TRACY 1.0 X 0 0 0 DR ELIZABETH J BEISE 1.0 X 0 0 0 DR CARL PINKERT 1.0 X 0 0 0 DR JUNE L MATTHEWS 1.0 X 0 0 0 DR RONI AVISSAR 1.0 X 0 0 0 DR MARC HOIT 1.0 X 0 0 0 DR GERARD P GILFOYLE 1.0 X 0 0 0 DR JUAN SANCHEZ 1.0 X 0 0 0 DR ZISIS PAPANDREOU 1.0 X 0 0 0 DR THOMAS C SKALAK 1.0 X 0 0 0 DR FRANCIS L MACRINA 1.0 X 0 0 0 DR TERRY L HERDMAN 1.0 X 0 0 0 DR MARCUS SHUTE 1.0 X 0 0 0 DR R LARRY DOOLEY 1.0 X 0 0 DR CHARLES G RIORDAN 1.0 X 0 0 MR GUILBERT BROWN 1.0 X 0 0 MS LISA DAVIS 1.0 X 0 0 0 DR JAMES WEYHENMEYER 1.0 X 0 0 0 DR RATHINDRA N BOSE 1.0 X 0 0 0 DR RAMESH KOLLURU 1.0 X 0 0 0 DR STAN NAPPER 1.0 X 0 0 0 DR KARL V STEINER 1.0 X 0 0 0 DR STEVEN G JOHNSON 1.0 X 0 0 0 DR ADEBISI OLADIPUPO 1.0 X 0 0 0 DR BARRY L BURKS 1.0 X 0 0 0 DR H RODGER HARVEY 1.0 X 0 0 0 DR SUDEEP SARKAR 1.0 X 0 0 0 DR GORDON C CANNON 1.0 X 0 0 0 DR GLEN A LAINE 1.0 X 0 0 0 MR CHARLES MCMAHON 1.0 X 0 0 0 DR TERRY L HERDMAN 1.0 X 0 0 0 DR JERRY P DRAAYER 40.0 X 420000 0 68953 PETER BJONERUD 40.0 X 232800 0 38220 ELIZABETH LAWSON 40.0 X 192000 0 31521 GREG KUBIAK 40.0 X 176100 0 28911 LAWRENCE HARE 40.0 X 100000 0 16417 RUSSELL MOY 40.0 X 180300 0 29601 GARY CRANE 40.0 X 191988 0 31520 JERI CRAVENS 40.0 X 148375 0 24359 LINDA AKALI 40.0 X 106000 0 17402 JANETTE STOUT 40.0 X 108200 0 17764 1855763 0 304668 9 false true true KPMG LLP 1801 K STREET NW WASHINGTON DC 20036 AUDIT & TAX 133675 VAN SCOYOC ASSOCIATES 101 CONSTITUTION AVE NW WASHINGTON DC 20001 PROF CONSULTING 210688 2 246107 2699794 2945901 PERFORMANCE FEES 900099 1473823 1473823 RESIDENCE FACILITY INCOME 900099 345880 345880 1819703 320739 320739 0 0 0 0 0 5468496 5420700 47796 47795 47795 0 0 0 MISC. REVENUE 900099 3458 3458 3458 5137596 1823161 368534 0 0 0 0 1560449 223508 1336941 0 1081471 387131 694340 72883 19595 53288 75462 20289 55173 127605 34308 93297 0 21922 21922 133675 133675 276729 276729 0 133911 133911 20000 20000 0 137472 52075 85397 0 0 340611 24610 316001 115988 56601 59387 0 48477 6153 42324 49006 49006 0 50499 47695 2804 65030 5679 59351 RESEARCH RELATED SUBAWARDS 2410512 2392204 18308 OTHER EXPENSES 178641 106065 72576 6900343 3672642 3227701 0 141686 159422 0 0 0 0 215291 173944 0 0 0 0 0 0 0 0 833429 1516836 2508546 1548588 983773 959958 19449863 20194202 435592 405998 0 0 0 0 0 0 22059634 23410360 437869 440244 0 0 829911 1574754 0 0 0 0 0 0 0 0 2250000 2975000 88534 65712 3606314 5055710 X 18453320 18354650 0 0 0 0 18453320 18354650 22059634 23410360 -1762747 1664077 X X false true X true true true X 915704 659122 9574878 4324736 2945901 18420341 0 0 915704 659122 9574878 4324736 2945901 18420341 0 18420341 758964 549828 453403 303911 320739 2386845 0 55924 15473 222715 10049 3458 307619 21114805 0.87239 0.84350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 276729 276729 6623614 6900343 495017 123754 387304 818895 549895 495017 2251111 3376667 271010 280521 276782 276729 1105042 96826 204724 137298 123754 562602 843903 780789 780789 1392726 1275891 116835 28042 20739 7303 306989 251958 55031 959958 0 DEFERRED RENT 65712 65712 X SCHEDULE D, PART X FASB ASC 740-10-25 REQUIRES THAT MANAGEMENT EVALUATE TAX POSITIONS TAKEN BY SURA AND RECOGNIZE A TAX LIABILITY (OR ASSETS) IF SURA HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SURA HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2013, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN FINANCIAL STATEMENTS. X X X X X false false false false false false false false false DR JERRY P DRAAYER 420000 0 0 0 0 0 24212 0 44741 0 488953 0 0 0 PETER BJONERUD 232800 0 0 0 0 0 23280 0 14940 0 271020 0 0 0 ELIZABETH LAWSON 192000 0 0 0 0 0 19200 0 12321 0 223521 0 0 0 GREG KUBIAK 176100 0 0 0 0 0 17610 0 11301 0 205011 0 0 0 JERI CRAVENS 148375 0 0 0 0 0 14837 0 9522 0 172734 0 0 0 RUSSELL MOY 180300 0 0 0 0 0 18030 0 11571 0 209901 0 0 0 GARY CRANE 191988 0 0 0 0 0 19199 0 12321 0 223508 0 0 0 Hortensia Valdes WIFE OF PRESIDENT/CEO 24000 SEE PART V false Description of Business Transactions with Interested Persons The President and CEO of SURA, Jerry Draayer, married Hortensia Valdes in December 2012. For the current year and several years prior, Hortensia was responsible at Louisiana State University, where she works, for maintaining SURA's website as well as various IT Functions. She receives an annual fee of $24,000 for her various functions which has been the case for the past 10 years. Jerry Draayer is not involved in approving her invoice, or signing checks, and nor does he supervise her in any way. ORGANIZATION MISSION FORM 990, PART I, LINE 1 THE SOUTHEASTERN UNIVERSITIES RESEARCH ASSOCIATION, INC. (SURA), CONSISTING OF OVER 60 MEMBER UNIVERSITIES, IS A PARTNER IN A JOINT VENTURE WITH PAE APPLIED TECHNOLOGIES, LLC TO OPERATE THE THOMAS JEFFERSON NATIONAL ACCELERATOR FACILITY, JEFFERSON LAB, A U.S. DEPARTMENT OF ENERGY (DOE) NATIONAL RESEARCH FACILITY IN NEWPORT NEWS, VIRGINIA. SURA ALSO OPERATES THE RESIDENCE FACILITY, A 42-ROOM GUEST HOUSE ADJACENT TO THE LAB, AND CONDUCTS OTHER SCIENTIFIC RESEARCH. FORM 990, PART IV, LINE 12 AND PART XII SURA RECEIVES A CONSOLIDATED ANNUAL AUDIT IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). CONSISTENT WITH SURA'S MAJORITY AND CONTROLLING INTEREST IN JEFFERSON SCIENCE ASSOCIATES LLC (JSA), THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE ACTIVITIES OF SURA AND THE OPERATIONS OF JSA. FORM 990, PART VI, LINES 6 AND 7 SURA IS ORGANIZED AS A NON-STOCK, NON-PROFIT CORPORATION AND HAS THREE CATEGORIES OF MEMBERS: STANDARD MEMBERS, ENTITY MEMBERS, AND AFFILIATE MEMBERS. STANDARD MEMBERS ARE INSTITUTIONS OF HIGHER LEARNING OR OTHER COMPLEMENTARY ORGANIZATIONS THAT ARE TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THAT ARE THE EQUIVALENT OF SECTION 501(C)(3) ORGANIZATIONS, AND DESIRE FULL PARTICIPATION IN SURA'S ACTIVITIES AND SUPPORT ITS GOALS. EACH STANDARD MEMBER HAS ONE VOTE AND IS REPRESENTED BOTH ON THE COUNCIL OF PRESIDENTS, WHICH PROVIDES OVERALL DIRECTION AND LEADERSHIP TO THE CORPORATION, AND THE BOARD OF TRUSTEES WHICH MANAGES THE FUNDS AND BUSINESS OF THE CORPORATION. ENTITY MEMBERS ARE FOR-PROFIT ENTITIES WHICH DESIRE PARTICIPATION IN SOME OR ALL PROGRAMMATIC ACTIVITIES OF THE ORGANIZATION AND SUPPORT THE GOALS OF THE CORPORATION. THERE ARE THREE CLASSES OF ENTITY MEMBERSHIP, A, B AND C. ONLY CLASS A ENTITY MEMBERS HAVE A VOTE AND ARE REPRESENTED ON THE COUNCIL OF PRESIDENTS AND THE BOARD OF TRUSTEES. CLASS B AND CLASS C ENTITY MEMBERS DO NOT HAVE A VOTE NOR ARE THEY REPRESENTED ON THE COUNCIL OF PRESIDENTS OR THE BOARD OF TRUSTEES. CLASS B AND CLASS C ENTITY MEMBERS MAY ATTEND THE BOARD OF TRUSTEES MEETINGS BY INVITATION AND MAY PARTICIPATE IN PROGRAMMATIC ACTIVITIES AS PERMITTED BY POLICY AFFILIATE MEMBERS ARE NON PROFIT MEMBERS DESIRING PARTICIPATION IN ONE OF SURA'S PROGRAMMATIC ACTIVITIES. AFFILIATE MEMBERS DO NOT HAVE A VOTE NOR ARE THEY REPRESENTED ON THE COUNCIL OF PRESIDENTS OR THE BOARD OF TRUSTEES. AFFILIATE MEMBERS MAY ATTEND THE BOARD OF TRUSTEES MEETINGS BY INVITATION AND MAY PARTICIPATE IN PROGRAMMATIC ACTIVITIES AS PERMITTED BY POLICY. BOTH THE STANDARD MEMBER AND THE CLASS A ENTITY MEMBER ARE ADMITTED TO THE CORPORATION BY THE AFFIRMATIVE VOTE OF THE COUNCIL OF PRESIDENTS. ALL OTHER MEMBERSHIP CATEGORIES ARE ADMITTED BY AFFIRMATIVE VOTE OF THE BOARD OF TRUSTEES. FORM 990, PART VI, LINE 11 THE CFO IS RESPONSIBLE FOR ASSEMBLING ALL INFORMATION REQUIRED TO COMPLETE THE FORM 990 WHICH IS SUBSEQUENTLY PREPARED AND REVIEWED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM, KPMG. A FINAL REVIEW OF THE FORM 990 IS THEN CONDUCTED BY THE CEO AND THEN BY THE CHAIR OF THE SURA FINANCE COMMITTEE ON BEHALF OF THE BOARD. SHORTLY BEFORE SUBMITTING THE FORM 990 TO THE IRS, AN INFORMATION COPY IS PROVIDED TO EACH TRUSTEE OF THE SURA BOARD OF TRUSTEES. A COPY OF THE FORM 990 IS ALSO PROVIDED TO THE CORPORATE SECRETARY AS A PERMANENT FILE COPY FOR PUBLIC ACCESS. FORM 990, PART VI, LINE 12C IT IS SURA'S POLICY THAT TRUSTEES, OFFICERS, COMMITTEE MEMBERS, STAFF, VOLUNTEERS AND OTHERS WHILE ACTING ON BEHALF OF SURA MUST AVOID CONFLICTS OF INTEREST. EVEN APPEARANCE OF A CONFLICT OF INTEREST MUST BE AVOIDED. MONITORING COMPLIANCE WITH THIS POLICY IS ACCOMPLISHED THROUGH A "MANDATORY CONFLICT OF INTEREST DISCLOSURE POLICY" WHICH REQUIRES THAT ALL BOARD OF TRUSTEES, OFFICERS, SENIOR STAFF AS DESIGNATED BY THE PRESIDENT, AND OTHER SPECIFIC INDIVIDUALS WHO MAY BE CONSIDERED TO BE "DISQUALIFIED PERSONS" UNDER FEDERAL REGULATION 53.4958-3 SIGN AND SUBMIT ON AN ANNUAL BASIS A MANDATORY DISCLOSURE STATEMENT TO THE CORPORATE SECRETARY. THE CORPORATE SECRETARY IS RESPONSIBLE FOR ENFORCING THE MANDATORY DISCLOSURE POLICY AND FOR MAINTAINING AND ANNUALLY UPDATING A FILE OF SIGNED DISCLOSURE STATEMENTS. DISCLOSURE STATEMENTS ARE DISTRIBUTED ANNUALLY AND SECOND NOTICES ARE SENT TO NON RESPONDENTS DURING THE YEAR. IF THE CORPORATE SECRETARY IN CONSULTATION WITH SURA'S GENERAL COUNSEL CONCLUDES THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL MUST NOT PARTICIPATE IN THE DELIBERATIONS, CONSIDERATION OR VOTE IN THE TRANSACTION OR MATTER AT ISSUE. A NOTATION MUST BE MADE IN THE MINUTES OF ANY MEETING AT WHICH DELIBERATION, CONSIDERATION OR VOTE IN THE TRANSACTION OR MATTER AT ISSUE IS UNDERTAKEN INDICATING THAT THE INDIVIDUAL WITH A CONFLICT OR POTENTIAL CONFLICT WAS EXCUSED FOR THE MEETING, TOOK NO PART IN ANY DISCUSSIONS PERTAINING TO THE TRANSACTION OR MATTER, AND REFRAINED FROM VOTING ON THE TRANSACTION OR MATTER. FORM 990, PART VI, LINE 15 THE SURA BOARD OF TRUSTEES APPOINTS A COMPENSATION COMMITTEE (COMMITTEE) CONSISTING OF THE CHAIR AND VICE CHAIR OF THE COUNCIL OF PRESIDENTS, THE CHAIR AND IMMEDIATE PAST CHAIR OF THE BOARD OF TRUSTEES, AND THE CHAIR OF THE FINANCE COMMITTEE. THE COMMITTEE IS AN INDEPENDENT BODY RESPONSIBLE FOR COMPENSATION REVIEW AND APPROVAL OF, OR TRANSACTIONS WITH, SURA'S TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES IN ACCORDANCE WITH SURA'S COMPENSATION POLICY AND INTERMEDIATE SANCTIONS COMPLIANCE POLICY. THE COMMITTEE REVIEWS OR DETERMINES COMPENSATION FOR SURA'S TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES IN COMPARISON TO COMPENSATION LEVELS AND OTHER CONSIDERATION PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS OR TRANSACTIONS, AND TAKING INTO ACCOUNT THE LOCATION OF THE OTHER ORGANIZATIONS AND THE AVAILABILITY OF SIMILAR SPECIALTIES IN THE GEOGRAPHIC AREA. THE COMMITTEE COMPARES SURA'S ANNUAL COMPENSATION TO COMPETITIVE MARKET SURVEYS OR REPORTS PROVIDED BY NATIONALLY RECOGNIZED INDEPENDENT FIRMS AND OTHER RELEVANT DATA WHEN APPROPRIATE. THE COMMITTEE SUPPLEMENTS THIS INFORMATION BY RETAINING INDEPENDENT HUMAN RESOURCES MANAGEMENT CONSULTANTS APPROXIMATELY EVERY THREE YEARS. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE FACILITATED AND CONTEMPORANEOUSLY DOCUMENTED BY THE SURA DIRECTOR OF ADMINISTRATION AND HUMAN RESOURCE SERVICES. IN COMPLIANCE WITH THE INDEPENDENT COMPENSATION ANALYSIS, THE COMMITTEE APPROVES THE SALARY RANGE AND SPECIFIC SALARY OF THE SURA PRESIDENT AND PREPARES FORMAL CORRESPONDENCE AMENDING THE EMPLOYMENT CONTRACT OF THE PRESIDENT. THE COMMITTEE REVIEWS AND APPROVES SALARY RANGE RECOMMENDATIONS OF THE PRESIDENT FOR OTHER CORPORATE OFFICERS AND KEY EMPLOYEES. THE MOST RECENT INDEPENDENT COMPENSATION STUDY WAS PERFORMED IN 2010 BY MERCER, A NATIONALLY RECOGNIZED COMPENSATION AND BENEFITS CONSULTING FIRM. THE STUDY RESULTED IN AN EXECUTIVE COMPENSATION REVIEW COMPLIANT WITH THE TERMS OF THE RFP AND COMMITTEE RESPONSIBILITIES OUTLINED ABOVE. FORM 990, PART VI, LINE 19 SURA'S BYLAWS AND CORPORATE POLICIES, INCLUDING ITS CONFLICT OF INTEREST POLICY, ARE ACCESSIBLE ON ITS PUBLIC WEBSITE (SEE HTTP://WWW.SURA.ORG/ABOUT/BYLAWS.HTML AND HTTP://WWW1.SURA.ORG/STAFF/100/10108.PDF). BOARD ACTIONS ARE ALSO ACCESSIBLE ON THE PUBLIC WEBSITE. FOR EXAMPLES OF NOTIFICATION OF BOARD ACTIONS, SEE HTTP://WWW.SURA.ORG/NEWS/2013/TRUSTEES_SPR.HTML (BOARD ACTIONS TAKEN AT SPRING 2013 MEETING) AND HTTP://WWW.SURA.ORG/NEWS/2013/TRUSTEES_FALL.HTML (BOARD ACTIONS TAKEN AT FALL 2013 MEETING) THE CHIEF GOVERNANCE OFFICER RESPONDS TO PUBLIC REQUESTS FOR GOVERNING DOCUMENTS AND PROVIDES AS APPROPRIATE. THE FY2013 AUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION WERE DISTRIBUTED TO THE BOARD OF TRUSTEES AND COUNCIL OF PRESIDENTS. 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