2014-10-13T13:12:56-05:00 2013-12-31 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2013-01-01 060706038 BERMUDA INSTITUTE OF OCEAN SCIENCES (BIOS) INC BERM 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 WILLIAM B CURRY PRESIDENT/DIRECTOR 4412971880 2014-07-17 1 CHRISTOPHER W CASINI P00072754 2122862600 2014-07-17 2013 2015-11-30 17:44:51Z WILLIAM B CURRY 17 BIOLOGICAL STATION ST GEORGES BD GE 01 13911081 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. 37 36 64 44 -26869 -26869 10516198 10162749 1896903 2110261 459956 856885 274786 216957 13147843 13346852 820141 877982 0 0 6258957 6435852 0 0 621219 6548615 5609424 13627713 12923258 -479870 423594 32319700 32894057 6956746 6089346 25362954 26804711 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 7890328 877982 SCIENTIFIC RESEARCH: THE RESEARCH CONDUCTED AT BIOS IS RELEVANT TO THE WATERS SURROUNDING BERMUDA, AS WELL AS GLOBAL EARTH SYSTEM, AND IS MULTIDISCIPLINARY, SPANNING THE BIOLOGICAL, CHEMICAL, GEOLOGICAL, AND PHYSICAL SCIENCES. BIOS RESEARCHERS ARE ACTIVE PARTNERS IN REGIONAL AND INTERNATIONAL RESEARCH COLLABORATIONS THAT ARE WORKING TO ADDRESS SOME OF THE MOST PRESSING ISSUES OF OUR TIME INCLUDING CLIMATE CHANGE, MARINE CONSERVATION, ECOSYSTEM HEALTH, AND NATURAL-DISASTER RISK ASSESSMENT. 2887870 2110261 EDUCATION: FROM HANDS-ON PROGRAMS FOR BERMUDA K-12 STUDENTS TO GRADUATE INTERNSHIPS IN SHIPBOARD 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 YEARLONG OCEAN ACADEMY PROVIDES EDUCATIONAL RESOURCES TO LOCAL TEACHERS AND OFFERS HANDS-ON LEARNING EXPERIENCES TO HUNDREDS OF STUDENTS EACH YEAR. BIOS PROVIDES UNIQUE EXPERIENTAL LEARNING OPPORTUNITIES FOR UNDERGRADUATE AND GRADUATE STUDENTS FROM THE US, INCLUDING A FALL SEMESTER OF ACADEMIC COURSES AND FALL INTERNSHIPS PROVIDING AUTHENTIC RESEARCH EXPERIENCE. BIOS ALSO OFFERS SUMMER COURSES FOR STUDENTS FROM AROUND THE WORLD AND SUMMER RESEARCH (CONTINUED IN SCHEDULE O) INTERNSHIPS FOR STUDENTS FROM THE US, CANADA AND THE UK. 10778198 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 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 64 1 1 1 1 BD 0 0 0 0 0 0 0 0 X 37 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X VICTORIA MILLETT 4412971880 BIOS 17 BIOLOGICAL STATION ST. GEORGE'S BD GE 01 WILLIAM CURRY PRESIDENT AND DIRECTOR 40.00 X X 323820 0 25124 BRIAN DUPERREAULT CHAIRMAN 2.00 X X 0 0 0 IDWAL WYN HUGHESPHD VICE-CHAIRMAN 2.00 X X 0 0 0 IAN STRECKER VICE-CHAIRMAN 2.00 X X 0 0 0 WILLIAM H WILLIAMS VICE-CHAIRMAN 2.00 X X 0 0 0 KENNETH H BRINK PHD TRUSTEE 0.50 X 0 0 0 MICHAEL A BUTT TRUSTEE 0.50 X 0 0 0 THOMAS M CHURCH PHD TRUSTEE 0.50 X 0 0 0 RITA R COLWELL PHD TRUSTEE 0.50 X 0 0 0 JOHN W FARRINGTON PHD TRUSTEE 0.50 X 0 0 0 DIANA H FRAZIER TRUSTEE 0.50 X 0 0 0 JAMES N GALLOWAY PHD TRUSTEE 0.50 X 0 0 0 LINDA K GLOVER TRUSTEE 0.50 X 0 0 0 ANTHONY WILLIAMS TRUSTEE 0.50 X 0 0 0 ALAN MCGOWAN TRUSTEE 0.50 X 0 0 0 NEILL CURRIE TRUSTEE 0.50 X 0 0 0 JAMES N STANARD PHD TRUSTEE 0.50 X 0 0 0 DEBORAH K STEINBERG PHD TRUSTEE 0.50 X 0 0 0 WILLIAM RUSSEL PHD TRUSTEE 0.50 X 0 0 0 PHILIP V BANCROFT TRUSTEE 0.50 X 0 0 0 ALLAN WB GRAY TRUSTEE 0.50 X 0 0 0 MICHAEL D HAMER PHD TRUSTEE 0.50 X 0 0 0 REBECCA KNOX-BYRNE TRUSTEE (RESIGNED APRIL 2013) 0.50 X 0 0 0 CHRISTOPHER MAYBURY TRUSTEE 0.50 X 0 0 0 BRIAN M O'HARA TRUSTEE 0.50 X 0 0 0 RALPH E RICHARDSON TRUSTEE 0.50 X 0 0 0 HON GERALD DE SIMONS OBE TRUSTEE 0.50 X 0 0 0 HON SIR JOHN W SWAN KBEJP TRUSTEE (RESIGNED APRIL 2013) 0.50 X 0 0 0 BRADFORD KOPP TRUSTEE (RESIGNED APRIL 2013) 0.50 X 0 0 0 GEORGE A WARDMAN TRUSTEE 0.50 X 0 0 0 MICHAEL MCGAVICK TRUSTEE (RESIGNED DECEMBER 2013) 0.50 X 0 0 0 LADY JUDY VEREKER TRUSTEE 0.50 X 0 0 0 PHILIP BUTTERFIELD TRUSTEE 0.50 X 0 0 0 RICHARD FERRETT TRUSTEE 0.50 X 0 0 0 DIANE FRANCIS TRUSTEE (RESIGNED APRIL 2013) 0.50 X 0 0 0 JOHNATHAN REISS TRUSTEE 0.50 X 0 0 0 J WILLIAM CHARRIER TRUSTEE 0.50 X 0 0 0 GARY H ISAKSEN PHD TRUSTEE 0.50 X 0 0 0 JAMES J MAGUIRE JR TRUSTEE (RESIGNED OCTOBER 2013) 0.50 X 0 0 0 DENNIS HANSELL PHD TRUSTEE 0.50 X 0 0 0 PAUL HANLE TRUSTEE 0.50 X 0 0 0 GRAHAM COLLIS TRUSTEE 0.50 X 0 0 0 BRENDAN MCDONAGH TRUSTEE 0.50 X 0 0 0 STEPHEN MARKMAN TREASURER 40.00 X 148779 0 22555 GILLIAN MS HOLLIS SECRETARY 40.00 X 83522 0 8666 WILLIAM WELTON CHIEF OPERATING OFFICER 40.00 X 198726 0 17088 NICHOLAS BATES SENIOR SCIENTIST 40.00 X 213690 0 15906 ANDREA BODNAR ASSOCIATE SCIENTIST 40.00 X 106288 0 16313 RONALD H HARELSTAD MARINE SUPERINTENDENT 40.00 X 133534 0 14307 FREDRIC LIPSCHULTZ SENIOR SCIENTIST 40.00 X 178831 0 0 ANDREW PETERS ASSOCIATE SCIENTIST 40.00 X 111985 0 14696 ARTHUR WASSERMAN CHIEF DEVELOPMENT OFFICER 40.00 X 115169 0 0 1614344 0 134655 9 0 1 0 RUBIS ENERGY BERMUDA LTD PO BOX GE 2 ST. GEORGE'S BD GE BX DIESEL FUEL 489895 APPLETON MARINE INC 3030 PERSHING ST APPLETON WI 59415 CRANE AND CRANE PARTS 235293 BERNHARD SCHULTE SHIPMANAGEMENT RICHMOND HOUSE 12 PAR LA VILLE HAMILTON BD HM HX SHIPMANAGEMENT SERVCIES 233794 BUTTERFIELD & VALLIS PO BOX HM 468 HAMILTON BD HM BX KITCHEN AND RV A/E SUPPLIES 218975 SOMERS CONSTRUCTION LTD 20 BAKERY LANE PEMBROKE BD HM 07 CCONSTRUCTION 204718 9 6819039 3343710 45142 10162749 EDUCATION 900099 2110261 2110261 2110261 828084 828084 541702 332527 209175 209175 -26869 236044 242151 3000 211850 4500 30301 -1500 28801 28801 23134 15352 7782 7782 13346852 2110261 -26869 1100711 784722 784722 93260 93260 1057876 560910 381472 115494 4357943 3430206 610191 317546 770374 585999 124408 59967 249659 189908 40317 19434 64862 64862 432446 432446 33973 30884 3089 257558 208624 38242 10692 46859 29745 17114 485277 485277 262872 210717 33926 18229 27266 25473 831 962 58935 58565 370 1077883 947278 129219 1386 204747 192847 11900 REPAIRS & MAINTENANCE 802551 736565 42228 23758 SUPPLIES AND FOOD 787711 762991 12560 12160 INTERNS/STIPENDS 545514 515348 12779 17387 FUEL 471163 471163 49807 25270 20536 4001 12923258 10778198 1523841 621219 925078 1555282 9144 6671 902508 685445 198985 52250 28537 44058 2154 4510 29913912 13475334 17134607 16438578 13118687 14107263 32319700 32894057 1308500 1023119 615617 618032 3254364 2716133 1778265 1732062 6956746 6089346 X 10944495 10425631 4745294 6679015 9673165 9700065 25362954 26804711 32319700 32894057 423594 1018163 0 X 0 1 X 1 1 1 X 2009083 2385663 4916198 10516198 10162749 29989891 2009083 2385663 4916198 10516198 10162749 29989891 29989891 358424 249528 218618 488998 828084 2143652 32133543 35255623 0.93330 0.92500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13418829 26900 1876332 536719 14785342 12248819 26400 1610210 466600 13418829 10521175 2026900 156673 455929 12248819 9754417 1250 1169529 404021 10521175 8156125 1100 1921213 324021 9754417 0.10000 0.66000 0.24000 1 0 486850 486850 16417284 7074135 9343149 4198133 3343620 854513 8811645 3057579 5754066 16438578 X 14562095 1018163 197080 1215243 13346852 0 13346852 13120338 197080 197080 12923258 0 12923258 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: FACILITY FEE NETTED AGAINST GUEST SERVICE REVENUE: $-152,299 COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B: $15,352 RENTAL EXPENSE RECLASSED TO FORM 990, PART VIII, LINE 6B: $332,527 DISPOSAL OF FIXED ASSETS RECLASSED TO FORM 990, PART VIII, LINE 7: $1,500 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSED TO FORM 990, PART VIII, LINE 6B: $332,527 COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B: $15,352 FACILITY FEE NETTED AGAINST GUEST SERVICE REVENUE: $-152,299 DISPOSAL OF FIXED ASSETS RECLASSED TO FORM 990, PART VIII, LINE 7: $1,500 1 BERMUDA 1 99 PROGRAM SERVICES SCIENTIFIC RESEARCH AND EDUCATION 10778198 1 99 0 0 1 99 10778198 0 10778198 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO FACILITATE SCIENTIFIC RESEARCH 31260 CHECK EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO FACILITATE SCIENTIFIC RESEARCH 62000 CHECK 2 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. 1 WOODS HOLE OCEANOGRAPHIC INSTITUTE 569 WOODS HOLE ROAD BOSTON MA 02543 042105850 501(C)(3) 97726 TO FACILITATE SCIENTIFIC RESEARCH MARINE BIOLOGICAL LABORATORY PO BOX 3218 BOSTON MA 022413218 042104690 501(C)(3) 149624 TO FACILITATE SCIENTIFIC RESEARCH BIGELOW LABORATORY FOR OCEAN SCIENCES 180 MCKOWN POINT ROAD PO BOX 475 WEST BOOTHBAY HARBOR ME 04575 016006001 501(C)(3) 66667 TO FACILITATE SCIENTIFIC RESEARCH MDI BIOLOGICAL LABORATORY PO BOX 35 OLD HARBOR ROAD SALISBURY COVE ME 04672 010202467 501(C)(3) 41477 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY OF ALASKA FAIRBANKS PO BOX 757880 FAIRBANKS AK 997757880 926000147 501(C)(3) 49112 TO FACILITATE SCIENTIFIC RESEARCH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 8622 DISCOVERY WAY 0210 LA JOLLA CA 920930210 956006144 501(C)(3) 166047 TO FACILITATE SCIENTIFIC RESEARCH FLORIDA STATE UNIVERSITY FOR RESEARCH PO BOX 3064166 TALLAHASEE FL 323064166 593211153 501(C)(3) 86620 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY OF MASSACHUSETTS AMHERST 70 BUTTERFIELD TERRACE AMHERST MA 01003 043167352 501(C)(3) 87 TO FACILITATE SCIENTIFIC RESEARCH NORTH CAROLINA STATE UNIVERSITY 2701 SULLIVAN DRIVE SUITE 240 RALEIGH NC 276957514 566000756 501(C)(3) 6958 TO FACILITATE SCIENTIFIC RESEARCH MARINE ENVIROMENTAL SCIENCES CONSORTIUM DAUPHIN ISLAND SEA LAB 101 BIENVILLE BLVD DAUPHIN ISLAND AL 36528 630779657 501(C)(3) 38976 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH PO BOX 3000 BOULDER CO 803073000 840412668 501(C)(3) 21726 TO FACILITATE SCIENTIFIC RESEARCH MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE NE 18-901 CAMBRIDGE MA 02139 042103594 501(C)(3) 38711 TO FACILITATE SCIENTIFIC RESEARCH VIRGINIA INSTITUTE OF MARINE SCIENCE PO BOX 1346 GLOUCESTER POINT VA 230621346 546001802 501(C)(3) 20991 TO FACILITATE SCIENTIFIC RESEARCH 13 13 PART I, LINE 2: BIOS HAS ESTABLISHED POLICIES AND PROCEDURES FOR ALL OF ITS FINANCIAL OPERATIONS AS DOCUMENTED IN ITS ACCOUNTING POLICIES AND PROCEDURES MANUAL. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 WILLIAM CURRY PRESIDENT AND DIRECTOR 323820 0 0 0 0 0 0 0 25124 0 348944 0 0 0 STEPHEN MARKMAN TREASURER 138429 0 0 0 10350 0 0 0 22555 0 171334 0 0 0 WILLIAM WELTON CHIEF OPERATING OFFICER 198726 0 0 0 0 0 0 0 17088 0 215814 0 0 0 NICHOLAS BATES SENIOR SCIENTIST 213690 0 0 0 0 0 0 0 15906 0 229596 0 0 0 FREDRIC LIPSCHULTZ SENIOR SCIENTIST 178831 0 0 0 0 0 0 0 0 0 178831 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. X VARIOUS 0 45142 FMV @ TIME OF DONATI 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 BIOS HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT'S SUBMITTED ELECTRONICALLY TO THE AUDIT COMMITTEE AND THE CHAIRMAN OF THE FINANCE COMMITTEE FOR REVIEW AND COMMENTS PRIOR TO ITS SUBMISSION. EACH COMMENT OR ISSUE, IF ANY, IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING FORM 990, PART VI, SECTION B, LINE 12C BIOS INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT MONITORS AND ENFORCES. THE TRUSTEES CURRENTLY MANDATE THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. 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 DIRECTOR 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 DIRECTOR WITH THE ADVISE OF THE CHAIRMAN. FORM 990, PART VI, SECTION C, LINE 19 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 POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION FORM 990, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS 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.