2014-11-14T11:50:32-07:00 2013-12-31 990 2013-01-01 042104690 MARINE BIOLOGICAL LABORATORY MARI 5082897239 7 MBL Street Woods Hole MA 02543 Joan Ruderman President and Director 5082897300 2014-11-14 2013 2015-11-30 17:44:51Z Joan Ruderman 7 MBL Street Woods Hole MA 02543 94039473 0 X www.mbl.edu X 1888 MA The Marine Biological Laboratory (MBL) is dedicated to scientific discovery and improving the human condition through research and education in biology, biomedicine, and environmental science. 34 30 424 19 59424 46931 25641895 28228946 11087409 12602558 6688173 11944198 1302566 678910 44720043 53454612 3412601 3975296 0 0 23717648 22874334 0 0 1193023 20112339 20318633 47242588 47168263 -2522545 6286349 152427196 205215077 42694117 38553373 109733079 166661704 The Marine Biological Laboratory (MBL) is dedicated to scientific discovery and improving the human condition through research and education in biology, biomedicine, and environmental science. Founded in Woods Hole, Massachusetts, in 1888, the MBL is a private, nonprofit institution and an affiliate of the University of Chicago. 0 0 35453751 3029084 10267929 The Marine Biological Laboratory maintains laboratories for the scientific study and investigation of a wide range of biological studies from biomedical to ecological research. 8023862 946212 2449769 The Marine Biological Laboratory is an established educational organization of biology and natural history with an internationally renowned course faculty and world-wide student population. 0 0 0 43477613 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 1 0 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 273 0 1 424 1 1 1 1 CJ UC 0 0 0 1 1 0 0 0 1 1 0 X 34 30 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AZ CA CT FL GA IL KS KY MA MD MI MN NC NH NJ NY OK OR PA RI SC TN UT VA WI WV X X Mary S Harrington 5082897239 7 MBL Street Woods Hole MA 02543 Joan Ruderman President & Director 40 0 X X 345971 0 41929 Robert Ament Clerk of the Corporation 1 0 X 0 0 0 Bruce Beal Trustee 1 0 X 0 0 0 Millicent Bell Trustee 1 0 X 0 0 0 Colleen Cavanaugh Speaker of the Corporation 1 0 X 0 0 0 Rita Colwell Trustee 1 0 X 0 0 0 Thomas Crane Trustee 1 0 X 0 0 0 Paul Dupee Treasurer 1 0 X X 0 0 0 Gerald Fink Trustee 1 0 X 0 0 0 David Gadsby Chairman of the Science Council 1 0 X 0 0 0 Patrick Gage Trustee 1 0 X 0 0 0 James Galloway Trustee 1 0 X 0 0 0 David Greene Trustee 1 40 X 0 745777 208400 Caroline Harwood Trustee 1 0 X 0 0 0 Robert Haselkorn Trustee 1 0 X 0 1844 0 David Hibbitt Trustee 1 0 X 0 0 0 William Huyett Vice Chairman of the Board 1 0 X 0 0 0 Eric Isaacs Trustee 1 40 X 0 688132 81573 Ethan Lerner Trustee 1 0 X 0 0 0 George Logan Trustee 1 0 X 0 0 0 Walter Massey Trustee 1 0 X 0 0 0 John McCarter Trustee 1 1 X 0 0 0 Ambrose Monell Trustee 1 0 X 0 0 0 Richard Morse Trustee 1 0 X 0 0 0 Dana Ono Trustee 1 0 X 0 0 0 Saul Pannell Trustee 1 0 X 0 0 0 Jeffrey Pierce Trustee 1 0 X 0 0 0 Robert Prendergast Trustee 1 0 X 0 0 0 George Putnam Trustee 1 0 X 0 0 0 Patricia Robertson Trustee 1 0 X 0 0 0 Elise Rose Trustee 1 0 X 0 0 0 Charles Rosenthal Trustee 1 0 X 0 0 0 John Rowe Chairman of the Board 1 0 X 0 0 0 Walter Salmon Trustee 1 0 X 0 0 0 James Sharp Trustee 1 0 X 0 0 0 Dyann Wirth Trustee 1 0 X 0 0 0 Maureen Nunez CFO 40 0 X 234038 0 25765 Jonathan Gitlin Deputy Director of Research Programs 40 0 X 175416 0 33312 Christopher Neill Dirctor of Ecosystems 40 0 X 189090 0 27678 Mitchell Sogin Director Bay Paul Center 40 0 X 208914 0 36909 Roger Hanlon Senior Scientist 40 0 X 195016 0 35281 Stephen Highstein Senior Scientist 40 0 X 199808 0 35621 Jerry Melillo Senior Scientist 40 0 X 218835 0 37684 William Reznikoff Director of Education 40 0 X 172244 0 18433 Gaius Shaver Senior Scientist 40 0 X 161042 0 31711 Joshua Hamilton Chief Academic and Science Officer 40 0 X 307696 0 271804 Gary Borisy President & Director 0 0 X 346975 0 2817 2755045 1435753 888917 34 1 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15251 Food Service 1767715 Elsevier BV PO Box 7247 8455 Philidelphia PA 19170 Electronic Subscription Service 419917 Otto Harrassowitz GmbH and CO KG 65174 Wiesbaden Allemagne GM Electronic Subscription Service 338610 W S Shultz Company Inc PO Box 393 Woods Hole MA 02543 Marine construction services 219008 Multitemp Mechanical Corporation 231 Norfolk St Walpole MA 01950 HVAC contractor 154628 8 0 29125 34342 6040000 18601329 3524150 631616 28228946 Education, Research, Publications 541700 10358583 10358583 0 0 Tuition, Dorm & Dining 611600 1443996 1443996 0 0 Library 519100 1610 1610 0 0 Advertising 541800 4775 0 4775 0 Rental Income 532000 793594 793594 0 0 0 0 0 0 12602558 1001394 0 54649 946745 0 0 0 0 51420 0 0 51420 500000 0 0 0 500000 0 500000 0 0 500000 51507055 0 40564251 0 10942804 0 10942804 0 0 10942804 28185 34342 20610 7575 0 7575 Miscellaneous revenue 541700 119915 119915 0 0 0 0 0 0 119915 53454612 12717698 59424 12448544 2684481 2684481 1289413 1289413 1402 1402 0 0 1319021 569682 749339 0 0 0 0 0 15897017 14691972 523784 681261 1472939 1368298 42357 62284 2903370 2697109 83491 122770 1281987 1190912 36866 54209 0 0 0 0 571268 0 553252 18016 121383 0 121383 0 0 0 0 0 0 0 70480 0 70480 0 904805 904805 0 53366 51588 0 1778 0 0 0 0 0 0 0 0 0 0 0 0 2022465 1934303 57548 30614 1372114 1349496 8844 13774 0 0 0 0 242964 227537 7329 8098 1290963 1245837 35403 9723 0 0 0 0 4771707 4624461 106269 40977 942750 882891 28436 31423 Subcontracts 1750410 1750410 0 0 Equipment Rental & Maintenance 699245 669067 14633 15545 Serials 928865 928701 117 47 Supplies 2808323 2752442 40406 15475 1767525 1662806 17690 87029 47168263 43477613 2497627 1193023 1332031 734067 430483 302915 7100481 4961078 697520 567396 331625 125375 0 0 347750 347750 150564 130328 416163 655886 176338898 61146583 68772203 115192315 43184115 56740289 28919471 24106587 0 0 0 0 744790 1351091 152427196 205215077 3125863 3133860 0 0 1985976 2029653 30415000 29615000 0 0 0 0 0 0 0 0 7167278 3774860 42694117 38553373 X 40438285 93244744 18105918 21900525 51188876 51516435 109733079 166661704 152427196 205215077 X 6286349 -3189860 0 0 0 53832136 X X 0 1 X 1 1 1 X 44183135 34036445 32722542 25636580 28228946 164807648 0 0 0 0 0 0 0 0 0 0 0 0 44183135 34036445 32722542 25636580 28228946 164807648 7828349 156979299 1924022 2360528 2574970 1936192 1552814 10348526 3624 23026 6391 15985 46931 95957 133320 251903 167224 257906 154257 964610 176216741 59152659 0.89083 0.89830 X Schedule A, Part II, Line 10 Other income shows miscellaneous revenue activity. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X X X 0 69096170 1147784 8734834 2957431 0 0 76021357 62973662 4165304 7714120 3249649 2507267 0 69096170 62712485 5814431 -1709775 2896287 947192 0 62973662 55007234 5585315 7103539 2658065 2325538 0 62712485 41947345 8420117 11257536 2361449 4256315 0 55007234 0.1283 0.657 0.2147 0 1 1 0 53083162 53083162 0 99996429 45580939 54415490 0 0 0 0 0 23004316 15565644 7438672 0 254991 0 254991 115192315 0 0 Equity Strategies 5816164 F Long/Short Equity Hedge Funds 10208332 F Multi-strategy Absolute Return Hedge Fund 8018532 F Other Hedge Funds 63559 F 24106587 0 Swap agreement liability 3049573 Future Program resources 302915 Annuities and Unitrust payable 422372 3774860 X 54076971 -3189860 0 0 3812219 622359 53454612 0 0 0 53454612 47148346 0 0 0 20610 20610 47127736 0 40527 40527 47168263 Schedule D, Part III, Line 1 Rare books, journals and prints located and used in the MBL Library for research and preservation. Schedule D, Part III, Line 4 Rare books, journals, and prints located and used in the MBL Library for research and preservation. Schedule D, Part V, Line 4 The endowment funds were established for a variety of purposes, including research, scholarships, library, plant and unrestricted. Schedule D, Part X, Line 2 The Laboratory is a tax exempt organization as described in Section 501(c)(3) of the Internal Revenue Code, as amended (the Code), and is generally exempt from income taxes pursuant to Section 501(a) of the Code. The Laboratory is required to assess uncertain tax positions and has determined that there were no such positions that are material to the financial statements. Schedule D, Part XI, Line 2d Deduct the interest rate swap increase of $3,171,103, the periodic pension expense change of $638,409 and the special event expense of $20,610, netted against special event revenue. Add back the change in present value adjustment to annuities of $17,903. Schedule D, Part XII, Line 2d Deduct special event expense of $20,610 and net against the special event revenue. Schedule D, Part XII, Line 4b Add $36,923 for the Director's employer-provided housing reported on W-2 only. Add $2,806 for severance pay reported on W-2 only. Europe (including Iceland and Greenland) 0 0 Program Services Travel related to research and education. 39747 South America 0 0 Program Services Travel related to research and education. 13112 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Travel related to research and education. 11732 Middle East and North Africa 0 0 Program Services Travel related to research and education. 1312 Sub-Saharan Africa 0 0 Program Services Travel related to research and education. 1348 Russia and the newly independent States 0 0 Program Services Travel related to research and education. 1763 Central America and the Caribbean 0 0 Program Services Travel related to research and education. 4696 East Asia and the Pacific 0 0 Program Services Travel related to research and education. 10746 0 0 84456 0 0 1 1 0 0 Schedule F, Part I, Line 3 A travel summary report is required to be filled out for any travel by the MBL staff. The report requires the name of the person, dates of travel, destination and the purpose for the travel. Any expenses related to the trip such as out of pocket expenses, transportation or lodging expense, pre-paid expenses via purchase order or expenses paid via credit card must be reported on this form. This form is submitted to the accounting department where the travel is recorded, sorted by region and reported in Part 1 of Schedule F as applicable. All expenses are recorded in US dollars and accounted for using the accrual basis of accounting. Summer Gala 62527 34342 28185 0 0 0 3419 7000 10191 0 0 62527 34342 28185 0 0 0 3419 7000 10191 20610 7575 1 Brown University 164 Angell Street Providence RI 02912 050258809 501(c)(3) 20841 0 Research Clark University 950 Main Streeet Worcester MA 01610 042111203 501(c)(3) 43763 0 Research Dartmouth College HB 7660 Hanover NH 03755 020222111 501(c)(3) 36583 0 Research Duke University 334 N Building Durham NC 27708 560532129 501(c)(3) 128464 0 Research Forsyth Institute 245 First Street STE 5 Cambridge MA 02142 131788491 501(c)(3) 20983 0 Haravard University PO Box 415619 Boston MA 02241 042103580 501(c)(3) 40375 0 J Craig Venter Institute 9704 Medical Center Drive Rockvile MD 20850 521842938 501(c)(3) 47002 0 Lamont Doherty Earth Observatory 1210 Amsterdam Ave New York NY 10027 135598093 501(c)(3) 125194 0 Lehigh University 526 Brodheard Ave Bethlehem PA 18015 210795445 501(c)(3) 6768 0 Mass Audobon Society 208 S Great Road Lincoln MA 01773 042104702 501(c)(3) 27400 0 Research Mount Sinai One Gustave L Levy Place Box 1075 New York NY 10029 136171197 501(c)(3) 93733 0 Research Marthas Vineyard Shellfish PO Box 1552 Oak Bluffs MA 02567 042612898 501(c)(3) 15009 0 Research Northwest Florida State College 100 College Blvd Niceville FL 32578 596001874 501(c)(3) 7830 0 Research Notre Dame University 836A Grace Hall Notre Dame IN 46556 350868188 501(c)(3) 150408 0 Research Polar Ocean RG PO Box 368 Sheridan MT 59749 810536140 501(c)(3) 75535 0 Research Rutgers University 3 Rutgers Plaza New Brunswick NJ 08901 226001086 501(c)(3) 11837 0 Research Scripps Institute 9500 Gilman Drive La Jolla CA 92037 951642394 501(c)(3) 47934 0 Research The Oceanography Society 104 Lynch Street Rockville MD 20850 237047095 501(c)(3) 71511 0 Research University of Vermont 85 S Prospect Street 340 Waterman Building Burlington VT 05405 916001537 501(c)(3) 80611 0 Research University of Massachusetts Amherst 70 Butterfield Terrace Amherst MA 01003 043167352 501(c)(3) 124223 0 Research University of New Hampshire 51 College Road Durham NH 03824 026000937 501(c)(3) 100331 0 Research University of Colorado Office of Contracts and Grants 3100 Marine Street Room 479 Boulder CO 80303 846000555 501(c)(3) 50666 0 Research University of Connecticut 263 Farmington Avenue Farmington CT 06030 672772160 501(c)(3) 176990 0 Research University of Georgia Research Foundation 465 N Lumpkin Street Athens GA 30602 581353149 501(c)(3) 113282 0 Research University of Illinois 506 s Wright Street 182 Admin Building Urbana IL 61801 376000511 501(c)(3) 15918 0 Research University of Michigan 1015 LSA Ann Arbor MI 48109 386006309 501(c)(3) 169111 0 Research University of South Carolina 901 Summer Street Columbia SC 29208 570967350 501(c)(3) 109067 0 Research University of Virginia 1001 N Emmit Street Charlottesville VA 22904 546001796 501(c)(3) 42024 0 Research University of Washington 12455 Collections Drive Chicago IL 60693 916001537 501(c)(3) 480182 0 Research Utah State University 2400 Old Main Hill Logan UT 84322 876000052 501(c)(3) 32129 0 Research Virginia Institute of Marine Studies PO Box 1346 Gloucester Point VA 23062 546001718 501(c)(3) 56079 0 Research Woods Hole Oceangraphic Institution 221 Oyster Pond Road Woods Hole MA 02543 042105850 501(c)(3) 89632 0 Research University of Miami 1400 NW 10th Avenue Room 1205H Miami FL 33136 590624458 5019c)(3) 75307 0 Research 33 0 Research awards 25 343201 0 Scholarships 285 946212 0 Schedule I, Part I, Line 2 The Grants Accountant and Controller oversee all grant, contract or cooperative agreement awards compliance. This includes establishing a new job center for each award, reconciling allowable expenses to the sponsor's requirements, accounting of all costs on active awards, ensuring grant contract or cooperative agreement expenses do not exceed the award revenues, completing all billing to government and private agencies, and completing a financial close-out of all finished awards assuring proper reporting to federal and non-federal agencies. Schedule I, Part III Research award oversight is provided by the Office of the Chief Academic and Scientific Officer (CASO). Research award applications are reviewed by a committee of internal and external scientists, who forward their recommendations to the President/Director and CASO who make the final determination of specific awards and award amount. The CASO then forwards an acceptance letter and contract to each awardee, listing the terms and reporting requirements of the award. The CASO office then tracks the awardee's research progress and expenditures through their stay at MBL to ensure that the awardees stay closely within budget and reviews the required report due approximately one month after the completion of the term covered by the research award. Scholarships are awarded by the Education Office from grants and contributions, many of which have limitations on who and what the scholarship may be awarded to including the nationality, home institution and course being taken. The Education Director determines the amount and if a student is eligible for a scholarship according to these limitations. Awards are first used to cover tuition costs and then room and board and travel expense if the amount awarded allow this. X X 1 1 X X 1 0 0 0 0 0 0 0 0 Joan Ruderman President & Director 309048 0 0 0 36923 0 25500 0 16429 0 387900 0 0 Gary Borisy President & Director 0 0 0 0 346975 0 2817 0 0 0 349792 0 0 0 Joshua Hamilton Chief Academic and Science Officer 223736 0 0 0 83960 0 258489 0 13315 0 579500 0 0 0 Maureen Nunez CFO 209038 0 25000 0 0 0 23419 0 2346 0 259803 0 0 0 Jerry Melillo Senior Scientist 218835 0 0 0 0 0 22092 0 15592 0 256519 0 0 0 Mitchell Sogin Director Bay Paul Center 208914 0 0 0 0 0 21376 0 15533 0 245823 0 0 0 Stephen Highstein Senior Scientist 199808 0 0 0 0 0 20189 0 15432 0 235429 0 0 0 Roger Hanlon Senior Scientist 195016 0 0 0 0 0 19874 0 15406 0 230296 0 0 0 Christopher Neill Dirctor of Ecosystems 189090 0 0 0 0 0 18879 0 8799 0 216768 0 0 0 Jonathan Gitlin Deputy Director of Research Programs 175416 0 0 0 0 0 18058 0 15254 0 208728 0 0 0 William Reznikoff Director of Education 172244 0 0 0 0 0 16656 0 1777 0 190677 0 0 0 Gaius Shaver Senior Scientist 161042 0 0 0 0 0 16582 0 15129 0 192753 0 0 0 David Greene Trustee 0 617938 0 60400 0 67439 0 145400 0 63000 0 954177 0 0 Eric Isaacs Trustee 0 580106 0 57209 0 50817 0 0 0 81573 0 769705 0 0 Schedule J, Part I, Line 1a Joan Ruderman, President/Director of the MBL during 2013 was provided housing as part of a compensation package. The value of the housing is computed at market rate and included in her W-2. The amount included for 2013 was $36,923. Schedule J, Part I, Line 3 Joan Ruderman, President/Director of the MBL, received a salary comparable to the salary received by the former President/Director, approved by the Board. The former President/Director's salary was determined using an independent compensation consultant, compensation study, reviewing the Form 990 of other organizations and was approved by the Board. Schedule J, Part I, Line 4 Former President/Director, Gary Borisy resigned from his position and was awarded severance in 2012. The severance was paid to him in 2013. His contract provided a severance package totaling $346,975. This amount consisted of one years salary, a $5,000 payment for loss of benefits, moving expenses of $8,210 and the ownership of the telephone and computers used as President and Director. Joshua Hamilton, Chief Academic and Science Officer (CASO) resigned in 2013. He received severance pay that included one years salary and a payment of $7,447 for forfeited vacation with payments starting in December 2013. As part of the severance package he received a payment of $12,971 to offset COBRA expense, forgiveness of debt (grossed up for FICA) of $51,203 and ownership of the computers used as CASO of which he paid $1,000 of the calculated value of $3,806. A Mass Development Finance Agency 043431814 57583RFL4 2006-04-26 34000000 Renovation of facilities and refinancing 0 0 0 A 800000 0 34500092 0 134301 0 0 0 0 18825538 0 0 2008 0 1 1 1 A 0 1 1 0 1 0 0.0264 0.0017 0.0281 1 0 1 A 0 0 1 0 1 1 Morgan Stanley 30.3 1 0 1 Trans America 1.5 1 0 1 A 0 Schedule K, Part II, Line 3-04/26/2006 34,000,000 Mass Development Finance Agency The remaining proceeds of the bond issue (not identified elsewhere in Part II) were used to refinance existing bonds. Joshua Hamilton Key employee Second Mortgage X 174375 125375 0 0 1 125375 Dart Neuroscience LLC Former Trustee 500000 Rental of lab space at the MBL by Dart Neuroscience LLC of which Kenneth Johns is CEO. 0 Zeiss LLC Trustee 140991 Purchase of scientific equipment by the MBL from Zeiss LLC of which James Sharp is President. 0 X 34 611811 Market value X Scientific equipment 2 19024 Market value X Books 1 1015 Market Value 0 0 1 1 Schedule M, Part I, Line 9 The number in column B shows the number of securities received as donations in 2013. Schedule M, Part I, Lines 25-28 The number under contributions for line 25 shows the number of contributors that donated these items. Schedule M, Part I, Line 32b Stock donations are typically received in the MBL's Morgan Stanley Smith Barney account and typically sold as soon as possible by Morgan Stanley Smith Barney. Form 990, Part VI, Section A, Line 4 On July 1, 2013, the Laboratory entered into an affiliation agreement with the University of Chicago (the University) located in Chicago, Illinois. The University of Chicago as sole member has the right to exercise all powers conferred on members of non-profit corporations under Massachusetts General Laws Chapter 180, and also has certain reserved powers to approve or disapprove of certain fundamental decisions concerning the Corporation. Form 990, Part VI, Section A, Line 6 On July 1, 2013 the Laboratory entered into an affiliation agreement with the University of Chicago (the University) located in Chicago, Illinois. Under this affiliation the University became the sole member of the Laboratory. The University of Chicago as sole member has the right to exercise all powers conferred on members of non-profit corporations under Massachusetts General Laws Chapter 180, and also has certain reserved powers to approve or disapprove of certain fundamental decisions concerning the Corporation. Form 990, Part VI, Section A, Line 7a The University of Chicago as sole member has the power to appoint and remove members of the Board of Directors. Form 990, Part VI, Section A, Line 7b The University of Chicago as sole member has the power to take certain actions with respect to the Corporation after prior consultation with the Corporation's Board of Directors, and the power to approve or disapprove certain actions taken by the Corporation. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by the MBL staff and reviewed by Grant Thornton, LLP, the institutions audit and tax services firm. When that review is complete the draft is submitted to the Audit Committee of the Board of Trustees for review. The final version is given to all members of the Board of Trustees at least five(5) days before the filing date. Form 990, Part VI, Section B, Line 12c PROCESS FOR REVIEW OF TRUSTEE CONFLICT OF INTEREST DISCLOSURES AND COMPLIANCE WITH THE BOARD OF TRUSTEES CONFLICT OF INTEREST POLICY 1. The Chairman of the Board, Vice-Chairman, and the Chairman of the Audit Committee are the trustees responsible for overseeing compliance with the MBL Board of Trustees Conflict of Interest Policy (the Policy). Led by the Chairman of the Board, they shall implement the procedures below. In carrying out their duties they may perform such other inquiry and consult others (including counsel) as, in their sole discretion, they deem appropriate. 2. Without limiting the foregoing, whether or not a particular financial interest or organizational affiliation has been disclosed, if they receive credible information of any kind from any source that an actual or potential conflict exists under the Policy, led by the Chairman of the Board they shall determine whether the allegation merits an inquiry, and if so they shall initiate such inquiry in their sole discretion as they deem appropriate to resolve the matter. At the conclusion of such inquiry, the Chairman of the Audit Committee shall provide a brief report to the Audit Committee, preserving to the maximum extent feasible the confidentiality of the matter. 3. The Director will designate a person in his or her office (the Assistant) to provide support to the Chairman of the Board, Vice-Chairman, and the Chairman of the Audit Committee, in connection with the review of Trustee Conflict of Interest Disclosure Forms and related material documenting Financial Interests and Organizational Affiliations (such documentation for a Trustee being a Disclosure) that may give rise to actual or potential conflicts of interest under the Policy. 4. The Assistant will handle all receipt, communication of, and filing of Disclosures, treating them as confidential information and storing them in a secure location. 5. The filing deadlines under the Policy are 30 days after a trustee's election to the Board, and February 15th of each year. A week before each such filing deadline, the Assistant will inform the Chairman of the Audit Committee of all trustees whose Disclosures have not yet been received, providing phone and email contact information for each such trustee. The Chairman of the Audit Committee will contact those trustees to encourage timely filing. 6. Within five days of each filing deadline the Assistant will inform the Chairman of the Board and, if appropriate, the Vice Chairman of the Board, with copies to the Chairman of the Audit Committee for information purposes, of all trustees whose Disclosures are still missing, for further action by the Chairman of the Board or, if appropriate, the Vice Chairman of the Board. 7. As soon as practical after receiving any Disclosures from a trustee, the Assistant will provide them to the Chairman of the Audit Committee, with the exception of Disclosure by the Chairman of the Audit Committee, which shall be provided to the Chairman of the Board. 8. Promptly upon receipt of these Disclosures, the Chairman of the Audit Committee or, in the case of the Chairman of the Audit Committee's own Disclosure, the Chairman of the Board, shall review them and determine whether any raise issues of actual or potential conflicts under the Policy. Where he/she determines in his judgment that none exist, he/she shall note such finding on those Disclosures, and return them to the Assistant for filing. 9. If the Chairman of the Audit Committee determines that an actual or potential conflict may exist under the Policy, he or she will forward the Disclosure to the Chairman of the Board or, in the case of the Chairman of the Board's own Disclosure, to the Vice Chairman of the Board, for further review and a determination how to address such actual or potential conflict. 10. The Chairman of the Board and, if applicable, the Vice-Chairman of the Board, will review all Disclosures received from the Chairman of the Audit Committee, including the Audit Committee Chairman's own form, and document these reviews and actions taken in a report to Chairman of the Audit Committee. To the extent the question of an actual or potential conflict relates to the Chairman of the Audit Committee, the Chairman shall provide such report to the Vice-Chairman of the Board. He or she will inform the chairmen of committees of the Board of issues related to members of those committees as he judges appropriate. 11. Upon completion of all such reviews, the reviewers will return the Disclosures and all related documentation to the Assistant for filing. 12. The Assistant will maintain a list showing the status of Disclosures of all trustees, and make such list available to the Chairman of the Audit Committee. Form 990, Part VI, Section B, Line 15 Joan Ruderman, President/Director of the MBL, received a salary comparable to the salary received by the former President/Director, approved by the Board. The former President/Director's salary was determined using an independent compensation consultant, compensation study, reviewing the Form 990 of other organizations and was approved by the board. Form 990, Part VI, Section C, Line 19 The conflict of interest policy is available on the website. Financial statements are available upon request to the CFO. Form 990, Part XI, Line 9 Add the $50,000,000 write up for fair value of assets due to the affiliation. Add back $3,171,103 for the interest rate swap, add back $638,409 for the post retirement change, add $40,527 for compensation expense reported on W-2s only. Deduct the PV annuities change of $17,903. Form 990, Part XII, Line 2c There is a committee of the Board responsible for overseeing the reliability and integrity of the Corporation's financial statements, enterprise risk management and compliance with regulatory requirements. TR U A Marine Biological Laboratory 7 MBL Street Woods Hole MA 02543 136044672 General support of the MBL NY 4947(a)(1) NA Trustees 0 TR U A Marine Biological Lab Library 7 MBL Street Woods Hole MA 02543 136045011 Support for the MBL Library NY 4947(a)(1) NA Trustees 0 University of Chicago 5801 S Ellis Avenue Chicago IL 60637 362177139 Education MA 501(c)(3) 2 N/A 0 University of Chicago Medical Center 5481 S Maryland Avenue Chicago IL 60637 363488183 Medical Care IL 501(c)(3) 3 University of Chicago 0 University of Chicago Self Insurance Trust 5801 S Ellis Avenue Chicago IL 60637 363020034 Malpractice trust IL 501(c)(3) 2 University of Chicago 0 University of Chicago Retiree Medical Trust 5801 S Ellis Avenue Chicago IL 60637 363999692 Medical IL 501(c)(3) 2 University of Chicago 0 Chicago Tumor Institute 5801 S Ellis Avenue Chicago IL 60637 237136019 Supp Research IL 501(c)(3) 11-T University of Chicago 0 National Opinion Research Center 55 E Monroe Stree 20th Floor Chicago IL 60603 362167808 Surveys IL 501(c)(30 7 University of Chicago 0 The Quadrangle Club 5801s Ellils Avenue Chicago IL 60637 361655190 Social Club IL 501(c)(7) University of Chicago 0 Fermi Research Alliance LLC PO Bpx 500 Batavia IL 60510 571239010 Manage Lab IL 501(c)(3) 7 University of Chicago 0 University of Chicago Center in Paris 6 Rue Thomas Mann 75013 Paris FR Education FR NA NA University of Chicago 0 University of Chicago Prop Holding Corp 5801 S Ellis Avenue Chicago IL 60637 366108743 Prop Holding IL 501(C)(2) University of Chicago 0 Lake Park Associates 5801 Ellis Avenue Chicago IL 60637 366111317 Prop Holding IL 501(c)(2) University of Chicago 0 Arch Development Corporation 5555 S Woodlawn Chicago IL 60637 363485244 Tech Transfer IL 501(c)(3) 11-Type II University of Chicago 0 University of Chicago Charter School Corp 5801 S Ellis Avenue Chicago IL 60637 364225812 Education IL 501(c)(3) 2 University of Chicago 0 Court Theatre Fund 5535 S Ellis Avenue Chicago IL 60637 363203660 Arts Support IL 501(c)(3) 11-TYPE I University of Chicago 0 University of Chicago Cancer RSRCH FDN 5801 S Ellis Avenue Chicago IL 60637 366056201 Supp Research IL 501(c)(3) 11-TYPE I University of Chicago 0 U Chicago Booth School of Business LTD 25 Basinghall Street EC2V 5HA London UK Education UK NA University of Chicago 0 U Chicago Booth School of Business LTD 101 Penang Road Dhoby Ghaut SN Education SN NA University of Chicago 0 University of Chicago Trust GB 10-12 Rest House Crescent Bangalore IN Fundraising IN NA University of Chicago 0 University of Chicago FDN in Hong Kong LTD 16 Harcourt Road Room 1005 Admirality HK Fundraising HK NA University of Chicago 0 UChicago Research International LTD 5801 S Ellis Avenue Chicago IL 60637 262741573 Research IL 501(c)(3) 11-TYPE I University of Chicago 0 UChicago Research Bangladesh LTD House No 388 Road 24 1212 Mohakhali Dhaka BG Research BG NA UC Research International 0 South East Chicago Commission 1511 East 53rd Street Chicago IL 60615 362226282 Community Services IL 501(c)(3) 7 University of Chicago 0 The University of Chicago Cloisters Club c/o 5841 S Maryland Avenue Chicago IL 60637 Social Club IL 501(c)(7) University of Chicago 0 Phoenix Overlay Fund LTD c/o 401 N Michigan Avenue Chicago IL 60611 Investing CJ NA University of Chicago 0 The John Crerar Foundation 5730 S Ellis Avenue Chicao IL 60637 363155157 Library Suport IL 501(c)(3) 11- TYPE I University of Chicago 0 Chapin Hall Center for Children 1313 e 60th Street Chicago IL 60637 362167012 Policy Research IL 501(c)(3) 7 N/A 0 Hymen Milgrom Supporting Organization 33 N Lasalle Street STE 2131 Chicago IL 60602 466789522 Education Research VA N/A 0 Maroon Investments LLC 5801 S Ellis Avenue Chicago IL 60637 Holding Company DE University of Chicago 0 Theory and Computing Science Building Trust 5801 S Ellis Avenue Chicago IL 60637 516596577 Research Building IL University of Chicago Impact LLC 5801 S Ellils Avenue Chicago IL 60637 611682394 Education Consulting IL University of Chicago Argonne LLC 5801 S Ellis Avenue Chicago IL 60637 680628477 Manage Lab IL University of Chicago UChicago Trading 5801 S Ellis Avenue Chicago IL 60637 300517735 Investing IL University of Chicago University of Chicago Foundation Limited (UK) 5T FL Alder Caster 10 Noble London UK 980525557 Fundraising UK University of Chicago Harper Court LLC 5801 S Ellis Avenue Chicago IL 60637 Manage property IL University of Chicago UCMC Community Physicians LLC 5481 South Maryland Avenue Chicago IL 60637 383865637 Physician Services IL University of Chicago UChicago Center in India Private Limited 2/11 B Jangpura A New Delhi IN Consulting IN N/A T 0 0 Uchicago (Beijing) Consulting Co LTD Unit 1-10 Culture Place Remmin University Beijing CH Consulting CH N/A C 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 Schedule R, Part III For purposes of completion, UCMC is also a member in a joint venture with another tax exempt entity. UCMC/SCH Oncology JV LLC, EIN 32-2436795 provides healthcare services. UCMC does not own more than 50% of the venture and is not the managing member.