2012-08-06T13:53:41-05:00 2011-12-31 133385019 O'CONNOR DAVIES MUNNS & DOBBINS LLP 60 EAST 42ND STREET 36TH FL NEW YORK NY 101653698 990 2011-01-01 060706038 BERMUDA INSTITUTE OF OCEAN SCIENCES (BIOS) INC BERM 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 STEPHEN MARKMAN 4412971880 2012-07-24 1 CHRISTOPHER W CASINI P00072754 2122862600 2011 2016-02-24 21:20:13Z DR NICHOLAS R BATES PHD 17 BIOLOGICAL STATION ST GEORGES BD GE 01 18249607 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 35 0 0 2385663 4910839 8881472 10721062 249528 160338 350832 299199 11867495 16091438 767088 809860 0 0 5710431 6427938 0 0 732248 5667832 7423724 12145351 14661522 -277856 1429916 31198495 32567270 7832657 7771516 23365838 24795754 X THE BIOS 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 9247951 9042762 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 HSBC ATLANTIC EXPLORER LOGGED 164 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. 3252459 1972140 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, 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. ADDITIONAL VISITING STUDENTS PARTICIPATE IN SELF-DIRECTED COURSES OF STUDY OR RESEARCH SUPPORTING THEIR QUEST FOR MASTER OR PHD DEGREES. ADDITIONALLY, BERMUDA SCHOOL GROUPS AT ALL LEVELS VISIT ANNUALLY (OVER 2400 STUDENTS) TO (CONTINUED ON SCHEDULE O) PARTICIPATE IN A HALF-DAY PROGRAM, "BIOS EXPLORER" AND WEEKLY FACILITY TOURS ARE CONDUCTED FOR THE INTERESTED GENERAL PUBLIC (556 PEOPLE PARTICIPATING). TEN STUDENTS FROM DEVELOPING COUNTRIES ARE INTRODUCED TO DOCUMENTATION AND RESEARCH STANDARDS OF THE USA AND INTRODUCED TO MANY LEADING RESEARCHERS FROM ALL OVER, THROUGH A TEN MONTH PROGRAM FUNDED BY NIPPON FOUNDATION THROUGH THE PARTNERSHIP FOR OBSERVATION OF GLOBAL OCEANS. OTHER PROGRAMS INCLUDE ROADS SCHOLARS PROGRAM THROUGH ELDERHOSTEL INCLUDING ABOUT 200 PARTICIPANTS. 12500410 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 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 0 1 3 0 1 64 1 0 1 BD 0 0 0 0 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 MARKMAN 4412971880 BIOS17 BIOLOGICAL STATION ST.GEORGE BD GE 01 NICHOLAS BATES PHD 40.00 X X 176805 0 12788 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 MAE C JEMISON PHD 0.50 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 H RODGER MELTON PHD 0.50 X 0 0 0 EDWARD S TRIPPE 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 KARL WILDI 0.50 X 0 0 0 LADYJUDY 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 ANTHONY H KNAP PHD 40.00 X X 418388 0 25055 STEPHEN MARKMAN 40.00 X 155783 0 27287 GILLIAN MS HOLLIS 40.00 X 80653 0 10266 F GERALD PLUMLEY 40.00 X 183362 0 11117 WILLIAM WELTON 40.00 X 197279 0 15888 ARTHUR WASSERMAN 40.00 X 200000 0 8708 RONALD H HARELSTAD 40.00 X 115484 0 11726 MICHAEL W LOMAS 40.00 X 138435 0 15622 FREDRIC LIPSCHULTZ 40.00 X 166945 0 0 ANDREW PETERS 40.00 X 107795 0 14596 RICHARD SMITH 40.00 X 106361 0 8961 2047290 0 162014 11 0 1 0 LYONS SHIPYARD INC PO BOX 2180 NORFOLK VA 23501 REPAIRS AND DRYDOCK SERVICES FOR RESEARC 1323776 SOMERS CONSTRUCTION LTD 20 BAKERY LANE PEMBROKE BD HM 07 CONSTRUCTION 1125812 BERMUDA ELECTRIC LIGHT CO LTD PO BOX HM 1026 HAMILTON BD HM DX ELECTRIC POWER AND SERVICE 496711 ESSO BERMUDA PO BOX GE 49 ST. GEORGE'S BD GE BX DIESEL FUEL 394190 BERNHARD SCHULTE SHIP MANAGEMENT RICHMOND HOUSE 12 PAR LA VILLE HAMILTON BD HM HX SHIP MANAGEMENT 292444 15 15725 4895114 95402 4910839 PROGRAM SERVICE FEES 900099 9160435 9160435 GUEST SERVICES 900099 990788 990788 COURSE FEES 900099 569839 569839 10721062 218618 218618 527048 324134 202914 202914 202914 1707737 1766017 -58280 -58280 -58280 158944 68018 90926 90926 MARINE EDUCATION INCOM 900099 5359 5359 5359 16091438 11014902 0 165697 809860 809860 1847291 1158737 561644 126910 3641196 2923553 336961 380682 683151 536447 105224 41480 256300 201261 39477 15562 61650 61650 589963 516546 67145 6272 2446 250 2196 407352 275789 61698 69865 16664 16664 426850 426850 379624 366718 7639 5267 103912 101761 2151 61486 61116 370 1058690 949610 106465 2615 250984 236444 13755 785 REPAIRS & MAINTENANCE 1905089 1890715 5940 8434 SUPPLIES AND FOOD 997374 981965 6391 9018 INTERNS/STIPENDS 548148 488046 60102 FUEL 530832 530832 82660 27246 52354 3060 14661522 12500410 1428864 732248 1840233 1138268 12947 5567 1444807 1377322 679244 666135 33641 23190 25000 28582399 11368590 16664049 17213809 10523574 12117979 31198495 32567270 1451042 1502125 889231 631580 3225675 3520431 2223478 2049605 43231 67775 7832657 7771516 X 11888973 11091924 3857000 4057065 7619865 9646765 23365838 24795754 31198495 32567270 1429916 0 X 0 1 1 X 1 1 X 9101978 4733980 2009083 2385663 4916198 23146902 2078901 8988020 9513623 9572478 11407054 41560076 11180879 13722000 11522706 11958141 16323252 64706978 355154 1518169 328050 430750 211000 2843123 0 355154 1518169 328050 430750 211000 2843123 61863855 384687 335774 358424 249528 218618 1547031 384687 335774 358424 249528 218618 1547031 23408 23408 11588974 14057774 11881130 12207669 16541870 66277417 0.93340 0.97200 0.02330 0.02590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10521175 2026900 156673 455929 12248819 9754417 1250 1169529 404021 10521175 8156125 1100 1921213 324021 9754417 8933123 1956319 -2383888 349429 8156125 0.09000 0.79000 0.12000 1 0 486850 486850 15912945 6208699 9704246 4007933 2906339 1101594 8174671 2253552 5921119 17213809 ANNUITY PAYABLE 16544 RETENTION PAYABLE 51231 67775 16091438 14661522 1429916 1429916 16421642 95402 234802 330204 16091438 0 16091438 14991726 95402 234802 330204 14661522 0 14661522 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. PART XII, LINE 2D - OTHER ADJUSTMENTS: FACILITY FEE NETTED AGAINST GUEST SERVICE REVENUE: $-157,350 COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B: $68,018 RENTAL EXPENSE RECLASSED TO FORM 990, PART VIII, LINE 6B: $324,134 PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES RECLASSED TO FORM 990, PART VIII, LINE 6B: $324,134 COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B: $68,018 FACILITY FEE NETTED AGAINST GUEST SERVICE REVENUE: $-157,350 PART X, LINE 2 - FIN 48 FOOTNOTE - 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 EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2008. BERMUDA 1 111 PROGRAM SERVICES SCIENTIFIC RESEARCH AND EDUCATION 12500410 BERMUDA 0 0 INVESTMENTS 19792 1 111 0 0 1 111 12520202 0 12520202 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. 1 WOODS HOLE OCEANOGRAPHIC INSTITUTE 569 WOODS HOLE ROAD BOSTON MA 02543 042105850 501(C)(3) 262324 WEATHER AND SCIENCE RELATED RESEARCH MARINE BIOLOGICAL LABORATORY PO BOX 3218 BOSTON MA 022413218 042104690 501(C)(3) 189279 WEATHER AND SCIENCE RELATED RESEARCH UNIVERSITY OF ARIZONA 888 N EUCLID TUCSON AZ 85719 742652689 501(C)(3) 41821 WEATHER AND SCIENCE RELATED RESEARCH RUTGERS UNIVERSITY OF NEW JERSEY 3 RUTGERS PLAZA ASB III NEW BRUNSWICK NJ 089018521 226001086 501(C)(3) 99867 WEATHER AND SCIENCE RELATED RESEARCH UNIVERSITY OF ALASKA FAIRBANKS PO BOX 757880 FAIRBANKS AK 997757880 926000147 501(C)(3) 60142 WEATHER AND SCIENCE RELATED RESEARCH COLLEGE OF WILLIAM AND MARY PO BOX 1346 ROUTE 1208 GREAT ROAD GLOUCESTER POINT VA 230621346 546001802 501(C)(3) 41427 WEATHER AND SCIENCE RELATED RESEARCH FLORIDA STATE UNIVERSITY FOR RESEARCH PO BOX 3064166 TALLAHASEE FL 323064166 593211153 501(C)(3) 32628 WEATHER AND SCIENCE RELATED RESEARCH UNIVERSITY OF MASSACHUSETTS AMHERST 70 BUTTERFIELD TERRACE AMHERST MA 01003 043167352 501(C)(3) 3954 WEATHER AND SCIENCE RELATED RESEARCH NORTH CAROLINA STATE UNIVERSITY 2701 SULLIVAN DRIVE SUITE 240 RALEIGH NC 276957514 566000756 501(C)(3) 34388 WEATHER AND SCIENCE RELATED RESEARCH MONTEREY BAY AQUARIUM RESEARCH INSTITUTE 7700 SANOHOLT ROAD MOSS LANDING CA 95039 770150580 501(C)(3) 14997 WEATHER AND SCIENCE RELATED RESEARCH MARINE ENVIROMENTAL SCIENCES CONSORTIUM DAUPHIN ISLAND SEA LAB 101 BIENVILLE BLVD DAUPHIN ISLAND AL 36528 630779657 501(C)(3) 23424 WEATHER AND SCIENCE RELATED RESEARCH 11 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 X 1 1 X X X 1 0 0 0 0 0 0 0 0 NICHOLAS BATES PHD 176805 0 0 0 0 0 0 0 12788 0 189593 0 0 0 ANTHONY H KNAP PHD 418388 0 0 0 0 0 0 0 25055 0 443443 0 0 0 STEPHEN MARKMAN 155783 0 0 0 0 0 0 0 27287 0 183070 0 0 0 F GERALD PLUMLEY 183362 0 0 0 0 0 0 0 11117 0 194479 0 0 0 WILLIAM WELTON 197279 0 0 0 0 0 0 0 15888 0 213167 0 0 0 ARTHUR WASSERMAN 200000 0 0 0 0 0 0 0 8708 0 208708 0 0 0 MICHAEL W LOMAS 138435 0 0 0 0 0 0 0 15622 0 154057 0 0 0 FREDRIC LIPSCHULTZ 166945 0 0 0 0 0 0 0 0 0 166945 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. CLUB MEMBERSHIPS ARE ONLY PROVIDED TO THE PRESIDENT AND ARE USED EXCLUSIVELY FOR FUND RAISING. THESE ARE NOT CONSIDERED TAXABLE. PART I, LINE 4A ANTHONY H KNAP, PHD RECEIVED SEVERANCE OF $28,729. X VARIOUS 95402 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.