2013-08-01T10:58:15-05:00 2012-12-31 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2012-01-01 060706038 BERMUDA INSTITUTE OF OCEAN SCIENCES (BIOS) INC BERM 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 STEPHEN M MARKMAN 4412971880 2013-07-25 1 CHRISTOPHER W CASINI P00072754 2122862600 2012 2016-02-25 16:41:14Z WILLIAM CURRY 17 BIOLOGICAL STATION ST GEORGES BD GE 01 14187468 0 X WWW.BIOS.EDU X 1926 NY OUR MISSION IS TO TRANSFORM THE FIELDS OF OCEANOGRAPHY, MARINE SCIENCE, (CONTINUED ON SCHEDULE O) AND OCEAN HEALTH THROUGH A BLEND OF CUTTING EDGE RESEARCH, COMPREHENSIVE EDUCATIONAL EXPERIENCES AND A COMMITMENT TO SHARE OUR KNOWLEDGE INTERNATIONALLY. 39 39 64 42 0 0 4910839 2638612 10721062 9774489 160338 459956 299199 274786 16091438 13147843 809860 820141 0 0 6427938 6258957 0 0 553456 7423724 6548615 14661522 13627713 1429916 -479870 32567270 32319700 7771516 6956746 24795754 25362954 X OUR MISSION IS TO TRANSFORM THE FIELDS OF OCEANOGRAPHY, MARINE SCIENCE, AND OCEAN HEALTH THROUGH A BLEND OF CUTTING EDGE RESEARCH, COMPREHENSIVE EDUCATIONAL EXPERIENCES AND A COMMITMENT TO SHARE OUR KNOWLEDGE INTERNATIONALLY. 0 0 8264683 820141 8139173 SCIENTIFIC RESEARCH: BIOS PARTICIPATED IN OVER 50 GRANTS FUNDED BY US FEDERAL AGENCIES [INCLUDING NATIONAL SCIENCE FOUNDATION (NSF), NATIONAL OCEANOGRAPHIC AND ATMOSPHERIC ASSOCIATION (NOAA), NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA) AND NATIONAL INSTITUTES OF HEALTH (NIH)] AND BY THE BERMUDA GOVERNMENT. IN ADDITION, THERE ARE MANY OCEANIC RESEARCH COLLABORATIONS WITH VARIOUS UNIVERSITIES AND RESEARCH INSTITUTIONS; AND, COLLABORATIONS WITH VARIOUS REINSURERS TO AID IN THE EVALUATION OF THE ASSESSMENT OF WEATHER-RELATED RISKS. OUR RESEARCH VESSEL R/V ATLANTIC EXPLORER LOGGED 170 OPERATIONAL RESEARCH SEA DAYS. ADDITIONALLY, OUR FLEET OF SMALL BOATS LOGGED HUNDREDS OF DAYS WITH STUDENTS AND SCIENTISTS RESEARCHING CORAL AND (CONTINUED ON SCHEDULE O) OTHER CLOSE-IN PHENOMENA AROUND BERMUDA AND THE SARGASSO SEA. 3395967 1910102 EDUCATION: BIOS HAS A VERY ACTIVE SERIES OF EDUCATION PROGRAMS IN CONJUNCTION WITH UNIVERSITIES AROUND THE WORLD INCLUDING, FROM THE US, COURSES OFFERED THROUGH PRINCETON, ROGER WILLIAMS, FERHAM, AND RHODE ISLAND UNIVERSITIES, AND, FROM THE UK, COURSES OFFERED IN CONJUNCTION WITH SOUTHAMPTON, OXFORD, NEWCASTLE AND CAMBRIDGE. COLLECTIVELY THESE INCLUDED OVER A HUNDRED STUDENTS. IN COOPERATION WITH NSF WE OFFER AN ADDITIONAL EIGHT STUDENTS RESEARCH OPPORTUNITIES THROUGH THE RESEARCH EXPERIENCE FOR UNDERGRADUATES PROGRAM. MANY OTHER VISITING STUDENTS PARTICIPATE IN SELF-DIRECTED COURSES OF STUDY OR RESEARCH SUPPORTING THEIR QUEST FOR MASTERS OR PHD DEGREES. ALSO, THROUGH OUR OCEAN ACADEMY PROGRAMS, BERMUDA SCHOOL GROUPS AT (CONTINUED ON SCHEDULE O) ALL LEVELS VISIT ANNUALLY (NEARLY 3000 STUDENTS). MOST PARTICIPATE IN A HALF-DAY PROGRAM, "BIOS EXPLORER"; OTHERS IN THE WATERSTART PROGRAM; AND, OLDER STUDENTS PURSUE MARINE SCIENCE INTERNSHIPS. WEEKLY FACILITY TOURS ARE CONDUCTED FOR THE INTERESTED GENERAL PUBLIC (NEARLY 600 PEOPLE PARTICIPATING). TEN STUDENTS FROM DEVELOPING COUNTRIES ARE INTRODUCED TO DOCUMENTATION AND RESEARCH STANDARDS OF THE USA, AND TO MANY LEADING RESEARCHERS FROM ALL OVER, THROUGH A TEN MONTH PROGRAM. ANOTHER PROGRAM IS ROADS SCHOLARS THROUGH ELDERHOSTEL INCLUDING ABOUT 200 PARTICIPANTS, GENERALLY SENIORS. 11660650 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 64 1 0 1 BD 0 0 0 1 1 0 0 0 0 X 39 39 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X STEPHEN M MARKMAN 4412971880 BIOS 17 BIOLOGICAL STATION ST.GEORGE BD GE 01 WILLIAM CURRY 40.00 X X 72500 0 3381 BRIAN DUPERREAULT 2.00 X X 0 0 0 IDWAL WYN HUGHESPHD 2.00 X X 0 0 0 IAN STRECKER 2.00 X X 0 0 0 WILLIAM H WILLIAMS 2.00 X X 0 0 0 KENNETH H BRINK PHD 0.50 X 0 0 0 MICHAEL A BUTT 0.50 X 0 0 0 THOMAS M CHURCH PHD 0.50 X 0 0 0 RITA R COLWELL PHD 0.50 X 0 0 0 JOHN W FARRINGTON PHD 0.50 X 0 0 0 DIANA H FRAZIER 0.50 X 0 0 0 JAMES N GALLOWAY PHD 0.50 X 0 0 0 LINDA K GLOVER 0.50 X 0 0 0 ANTHONY WILLIAMS 0.50 X 0 0 0 CHARLES KENNEL PHD 0.50 X 0 0 0 ALAN MCGOWAN 0.50 X 0 0 0 NEILL CURRIE 0.50 X 0 0 0 JAMES N STANARD PHD 0.50 X 0 0 0 DEBORAH K STEINBERG PHD 0.50 X 0 0 0 WILLIAM RUSSEL PHD 0.50 X 0 0 0 PHILIP V BANCROFT 0.50 X 0 0 0 ALLAN WB GRAY 0.50 X 0 0 0 MICHAEL D HAMER PHD 0.50 X 0 0 0 REBECCA KNOX-BYRNE 0.50 X 0 0 0 CHRISTOPHER MAYBURY 0.50 X 0 0 0 RAYMOND E MOORE 0.50 X 0 0 0 BRIAN M O'HARA 0.50 X 0 0 0 RALPH E RICHARDSON 0.50 X 0 0 0 HON GERALD DE SIMONS OBE 0.50 X 0 0 0 HON SIR JOHN W SWAN KBEJP 0.50 X 0 0 0 BRADFORD KOPP 0.50 X 0 0 0 GEORGE A WARDMAN 0.50 X 0 0 0 MICHAEL MCGAVICK 0.50 X 0 0 0 LADY JUDY VEREKER 0.50 X 0 0 0 PHILIP BUTTERFIELD 0.50 X 0 0 0 RICHARD FERRETT 0.50 X 0 0 0 DIANE FRANCIS 0.50 X 0 0 0 JOHNATHAN REISS 0.50 X 0 0 0 J WILLIAM CHARRIER 0.50 X 0 0 0 GARY H ISAKSEN PHD 0.50 X 0 0 0 JAMES J MAGUIRE JR 0.50 X 0 0 0 STEPHEN MARKMAN 40.00 X 157685 0 27706 GILLIAN MS HOLLIS 40.00 X 82914 0 8334 WILLIAM WELTON 40.00 X 198726 0 16670 NICHOLAS BATES 40.00 X 234876 0 15921 ARTHUR WASSERMAN 40.00 X 200000 0 9500 ANDREA BODNAR 40.00 X 105266 0 15562 RONALD H HARELSTAD 40.00 X 127426 0 13403 FREDRIC LIPSCHULTZ 40.00 X 173628 0 0 ANDREW PETERS 40.00 X 111431 0 15581 RICHARD SMITH 40.00 X 107084 0 5604 1571536 0 131662 9 0 1 0 SOMERS CONSTRUCTION LTD 20 BAKERY LANE PEMBROKE BD HM 07 CONSTRUCTION 977076 BERMUDA ELECTRIC LIGHT CO LTD PO BOX HM 1026 HAMILTON BD HM DX ELECTRIC POWER AND SERVICE 535148 DETYENS SHIPYARDS INC 1670 DRYDOCK AVE BLDG 236 CHARLESTON SC 29405 REPAIRS, EQUIPMENT AND VESSEL INSPECTION 479753 ESSO BERMUDA PO BOX GE 49 ST. GEORGE'S BD GE BX DIESEL FUEL 357601 ACCOUNTANT GENERAL PO BOX HM 1537 HAMILTON BD HM FX SOCIAL INSURANCE & GOV'T PAYMENTS 269512 13 64848 168965 2404799 91694 2638612 PROGRAM SERVICE FEES 900099 8241774 8241774 GUEST SERVICES 900099 1045673 1045673 COURSE FEES 900099 487042 487042 9774489 488998 488998 616061 426659 189402 189402 189402 476986 399000 107028 77986 -107028 -29042 -29042 64152 64848 64152 0 116109 42786 73323 73323 MARINE EDUCATION INCOME 900099 12061 12061 12061 13147843 10049275 0 459956 820141 820141 1570835 770487 587160 213188 3712750 3245242 278707 188801 710523 561038 110598 38887 264849 209128 41226 14495 6950 2400 4550 62598 62598 402259 398399 3860 3668 3668 330556 249713 55978 24865 39348 39348 453416 453416 405500 396240 6758 2502 195898 188369 4481 3048 76761 76391 370 1070029 944365 122749 2915 274437 266890 6840 707 REPAIRS & MAINTENANCE 1033492 1010126 6748 16618 SUPPLIES AND FOOD 832646 815775 7855 9016 FUEL 623550 623550 INTERNS/STIPENDS 593104 569458 23646 144403 22574 119139 2690 13627713 11660650 1413607 553456 1138268 925078 5567 9144 1377322 902508 666135 198985 23190 28537 25000 2154 29541644 12407037 17213809 17134607 12117979 13118687 32567270 32319700 1502125 1277153 631580 615617 3520431 3254364 2049605 1778265 67775 31347 7771516 6956746 X 11091924 10944495 4057065 4745294 9646765 9673165 24795754 25362954 32567270 32319700 -479870 1047070 0 X 0 1 X 1 1 1 X 4733980 2009083 2385663 4916198 2638612 16683536 8988020 9513623 9572478 11407054 10518120 49999295 13722000 11522706 11958141 16323252 13156732 66682831 1518169 328050 430750 211000 986136 3474105 0 1518169 328050 430750 211000 986136 3474105 63208726 335774 358424 249528 218618 488998 1651342 335774 358424 249528 218618 488998 1651342 14057774 11881130 12207669 16541870 13645730 68334173 0.92500 0.93340 0.02420 0.02330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12248819 26400 1610210 466600 13418829 10521175 2026900 156673 455929 12248819 9754417 1250 1169529 404021 10521175 8156125 1100 1921213 324021 9754417 8933123 1956319 -2383888 349429 8156125 0.10000 0.72000 0.18000 1 0 486850 486850 16403517 6612104 9791413 4175457 3139040 1036417 8475820 2655893 5819927 17134607 ANNUITY PAYABLE 15164 RETENTION PAYABLE 16183 31347 X 14769423 1047069 91694 482817 1621580 13147843 0 13147843 14202223 91694 482816 574510 13627713 0 13627713 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE PURPOSE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS IS TO PROVIDE LONG-TERM SUPPORT FOR BIOS AND ITS CHARITABLE PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: FACILITY FEE NETTED AGAINST GUEST SERVICE REVENUE: $-157,809 COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B: $42,786 RENTAL EXPENSE RECLASSED TO FORM 990, PART VIII, LINE 6B: $426,659 FUNDRAISING EXPENSE RECLASSED TO FORM 990, PART VIII, LINE 8B: $64,152 DISPOSAL OF FIXED ASSETS RECLASSED TO FORM 990, PART VIII, LINE 7: $107,029 PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSED TO FORM 990, PART VIII, LINE 6B: $426,659 COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B: $42,786 FACILITY FEE NETTED AGAINST GUEST SERVICE REVENUE: $-157,809 FUNDRAISING EXPENSE RECLASSED TO FORM 990, PART VIII, LINE 8B: $64,151 DISPOSAL OF FIXED ASSETS RECLASSED TO FORM 990, PART VIII, LINE 7: $107,029 1 BERMUDA 1 108 PROGRAM SERVICES SCIENTIFIC RESEARCH AND EDUCATION 11660650 1 108 0 0 1 108 11660650 0 11660650 EUROPE (INCLUDING ICELAND & GREENLAND) WEATHER AND SCIENCE RELATED RESEARCH 15630 CHECK 1 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, 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. GALA CELEBRATION 129000 64848 64152 40133 7376 16643 129000 64848 64152 40133 7376 16643 64152 0 1 WOODS HOLE OCEANOGRAPHIC INSTITUTE 569 WOODS HOLE ROAD BOSTON MA 02543 042105850 501(C)(3) 130180 WEATHER AND SCIENCE RELATED RESEARCH MARINE BIOLOGICAL LABORATORY PO BOX 3218 BOSTON MA 022413218 042104690 501(C)(3) 204136 WEATHER AND SCIENCE RELATED RESEARCH BIGELOW LABORATORY FOR OCEAN SCIENCES 180 MCKOWN POINT ROAD PO BOX 475 WEST BOOTHBAY HARBOR ME 04575 016006001 501(C)(3) 65132 WEATHER AND SCIENCE RELATED RESEARCH MDI BIOLOGICAL LABORATORY PO BOX 35 OLD HARBOR ROAD SALISBURY COVE ME 04672 010202467 501(C)(3) 59364 WEATHER AND SCIENCE RELATED RESEARCH UNIVERSITY OF ALASKA FAIRBANKS PO BOX 757880 FAIRBANKS AK 997757880 926000147 501(C)(3) 52882 WEATHER AND SCIENCE RELATED RESEARCH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 8622 DISCOVERY WAY 0210 LA JOLLA CA 920930210 956006144 501(C)(3) 103142 WEATHER AND SCIENCE RELATED RESEARCH FLORIDA STATE UNIVERSITY FOR RESEARCH PO BOX 3064166 TALLAHASEE FL 323064166 593211153 501(C)(3) 10459 WEATHER AND SCIENCE RELATED RESEARCH UNIVERSITY OF MASSACHUSETTS AMHERST 70 BUTTERFIELD TERRACE AMHERST MA 01003 043167352 501(C)(3) 45528 WEATHER AND SCIENCE RELATED RESEARCH NORTH CAROLINA STATE UNIVERSITY 2701 SULLIVAN DRIVE SUITE 240 RALEIGH NC 276957514 566000756 501(C)(3) 44379 WEATHER AND SCIENCE RELATED RESEARCH MARINE ENVIROMENTAL SCIENCES CONSORTIUM DAUPHIN ISLAND SEA LAB 101 BIENVILLE BLVD DAUPHIN ISLAND AL 36528 630779657 501(C)(3) 89309 WEATHER AND SCIENCE RELATED RESEARCH 10 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 STEPHEN MARKMAN 157685 0 0 0 0 0 0 0 27706 0 185391 0 0 0 WILLIAM WELTON 198726 0 0 0 0 0 0 0 16670 0 215396 0 0 0 NICHOLAS BATES 234876 0 0 0 0 0 0 0 15921 0 250797 0 0 0 ARTHUR WASSERMAN 200000 0 0 0 0 0 0 0 9500 0 209500 0 0 0 FREDRIC LIPSCHULTZ 173628 0 0 0 0 0 0 0 0 0 173628 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 91694 FMV @ TIME OF DONATION 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.