2011-11-15T13:16:38-06:00 2010-12-31 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2010-01-01 131739923 BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH INC BOYC 6072541234 TOWER ROAD ITHACA NY 148531801 SOPHIA DARLING 6072541234 2011-11-15 1 FREDERICK H ROTHMAN 2128674000 2010 2016-03-07 17:11:31Z DAVID STERN TOWER ROAD ITHACA NY 148531801 18288491 0 X WWW.BTI.CORNELL.EDU X 1924 NY THE BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH, INC. (BTI) WAS FOUNDED BY WILLIAM BOYCE THOMPSON OUT OF A CONVICTION THAT "ANY PRINCIPLES CONCERNING THE NATURE OF LIFE THAT YOU CAN ESTABLISH FOR PLANTS, WILL HELP YOU UNDERSTAND MAN, IN HEALTH AND IN DISEASE." HE ALSO SAW PLANT SCIENCE AS A MEANS OF ENDING HUNGER, THUS ULTIMATELY, PROMOTING DEMOCRACY AND POLITICAL STABILITY. BTI SCIENTISTS INCREASE THE UNDERSTANDING OF PLANTS FOR THE BENEFIT OF PEOPLE AND THE ENVIRONMENT, CONCENTRATING PARTICULARLY ON PLANT DEVELOPMENT, MOLECULAR PLANT-MICROBE INTERACTIONS, AND MOLECULAR AND CHEMICAL ECOLOGY. BTI ENVISIONS A WORLD IN WHICH NUTRITIOUS FOOD IS IN ABUNDANCE, THE ENVIRONMENT IS SECURE, AND PEOPLE LIVE FULLER, HEALTHIER LIVES. THIS VISION CAN BE REALIZED IN PART THROUGH THE STUDY OF PLANT BIOLOGY. AT BTI, WE STRIVE TO BE A WORLD LEADER IN PLANT BIOLOGY. 19 18 224 0 0 0 11161857 12519600 0 0 1261196 4977873 11090436 789727 23513489 18287200 0 0 0 0 9796266 9265332 0 0 152775 6604935 9997063 16401201 19262395 7112288 -975195 98910509 102712454 9059676 9690873 89850833 93021581 X TO ADVANCE AND COMMUNICATE SCIENTIFIC KNOWLEDGE IN PLANT BIOLOGY TO IMPROVE AGRICULTURE, PROTECT THE ENVIRONMENT, AND ENHANCE HUMAN HEALTH. 0 0 2199108 SEE SCHEDULE OPROTECT THE ENVIRONMENT & RENEWABLE ENERGY. INSTITUTE SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT RESEARCH TO PROTECTING THE ENVIRONMENT AND ADVANCING RENEWABLE ENERGY. PLANTS HELP OFFSET GLOBAL WARMING BY ABSORBING CARBON DIOXIDE. PLANTS ALSO PROVIDE RENEWABLE AND SUSTAINABLE SOURCES OF FOOD AND ENERGY, WORLDWIDE. AT BTI (THE BOYCE THOMPSON INSTITUTE), SCIENTISTS USE A SUITE OF MODERN TECHNIQUES TO UNDERSTAND KEY PROCESSES SUCH AS PHOTOSYNTHESIS AND BIOMASS PRODUCTION, AT THE MOLECULAR, BIOCHEMICAL, AND GENETIC LEVEL. RESEARCH AT BTI AIMS TO IMPROVE PLANT GROWTH AND INCREASE YIELD WITH FEWER NEGATIVE EFFECTS ON THE ENVIRONMENT. 8127046 SEE SCHEDULE OIMPROVE AGRICULTURE/SUSTAINABLE FOOD PRODUCTION. INSTITUTE SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT RESEARCH TOWARDS PRODUCING AN INCREASINGLY SUSTAINABLE FOOD SUPPLY. THE UNITED NATIONS FEBRUARY, 2010 FOOD SECURITY ANALYSIS CITES CLIMATE CHANGE, NATURAL DISASTER, RAPID URBANIZATION, AND UNPRECEDENTED POPULATION GROWTH AS GREAT CHALLENGES TO THE SUSTAINABLE FUTURE OF THE WORLD FOOD SUPPLY. AT BTI, SCIENTISTS ARE INVESTIGATING, AT THE MOLECULAR LEVEL, HOW PLANTS GROW, RESPOND TO LIGHT, AND MAKE USE ON A SCALE THAT CAN MEET DEMAND. CURRENT RESEARCH IS FOCUSED ON IMPROVING THE NUTRITIVE QUALITY OF FOOD, INCREASING YIELD, AND FURTHERING THE SUSTAINABILITY OF AGRONOMICALLY VIABLE PLANT SPECIES. SPECIFIC RESEARCH FOCUSES ON LONGER SHELF-LIFE, NATURAL INSECT CONTROL TO FURTHER REDUCE THE NEED FOR PESTICIDES, ENHANCED DISEASE RESISTANCE IN PLANTS, CROPS THAT PRODUCE HIGHER YIELD WITH LESS LIGHT, REDUCED NEED FOR CHEMICAL FERTILIZATION, AND PLANTS WITH HIGHER TOLERANCE FOR ENVIRONMENTAL STRESSORS SUCH AS DROUGHT, HEAT, AND COLD. 1648142 SEE SCHEDULE OIMPROVED HUMAN HEALTH. INSTITUTE SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT RESEARCH TOWARDS IMPROVED HUMAN HEALTH. CURRENT RESEARCH AT BTI MAY LEAD TO AN INCREASE IN OUR UNDERSTANDING OF STEM CELLS, ALZHEIMER'S DISEASE AND AGING; PRODUCE FOODS TO COMBAT VITAMIN DEFICIENCIES; PROVIDE NATURAL WAYS TO CONTROL BLOOD PRESSURE; AND USE GENETIC TOOLS TO COMBAT DISEASE IN HUMANS, SUCH AS THE EMPLOYMENT OF PLANT-DERIVED COMPOUNDS AS ANTI-CANCER AGENTS. 3746464 RESEARCH TOOLS & COMMUNICATIONS: INSTITUTE SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT RESEARCH TOWARDS THE ADVANCEMENT OF SCIENTIFIC KNOWLEDGE. VIRTUALLY EVERY DAY, SCIENTISTS DISCOVER AND RECORD A STAGGERING AMOUNT OF NEW INFORMATION ABOUT THE GENES, PROTEINS AND CHEMICALS, THAT DIRECT THE LIFE OF CELLS. THEY ARE ALSO CONTINUALLY DEVELOPING NEW TECHNIQUES FOR LABORATORY RESEARCH. BTI SCIENTISTS ARE DEVELOPING INNOVATIVE SOFTWARE AND DATABASES, ENABLING RESEARCHERS TO BETTER ORGANIZE, ACCESS, AND RETRIEVE A WEALTH OF DATA, ISOLATE AND IDENTIFY SPECIFIC GENES CONTROLLING SPECIFIC LIFE PROCESSES AND IDENTIFY MOLECULES WITH POTENTIAL EVOLUTIONARY, BIOLOGICAL AND MEDICAL IMPORTANCE. 3746464 15720760 1 1 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 78 0 1 224 1 0 0 0 0 0 0 0 0 0 0 X 19 18 1 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X SOPHIA A DARLING 6072541225 TOWER ROAD ITHACA NY 148531801 DAVID STERN 40.00 X X 295786 0 79397 EZRA CORNELL 0.40 X 0 0 0 ROY H PARK JR 0.40 X 0 0 0 LAURA A PHILLIPS 0.40 X 0 0 0 BARBARA BAIRD 0.40 X 0 0 0 ANDY BASS 0.40 X 0 0 0 ALAN J BILOSKI 0.40 X 0 0 0 PETER BRUNS 0.40 X 0 0 0 THOMAS BURR 0.40 X 0 0 0 MARY CLUTTER 0.40 X 0 0 0 WILLIAM CREPET 0.40 X 0 0 0 GREGORY GALVIN 0.40 X 0 0 0 GREGORY HARTZ 0.40 X 0 0 0 KAREN L KINDLE 0.40 X 0 0 0 SABBEHA MERCHANT 0.40 X 0 0 0 KATHLEEN MULLINIX 0.40 X 0 0 0 CAROLYN SAMPSON 0.40 X 0 0 0 KIRA SHEINERMAN 0.40 X 0 0 0 CRISPIN TAYLOR 0.40 X 0 0 0 DONNA CLAES 40.00 X 57474 0 9628 SOPHIA DARLING 40.00 X 77489 0 13852 DR ERIC RICHARDS 40.00 X 220063 0 28202 JOAN CURTISS 40.00 X 92535 0 0 DR THOMAS BRUTNELL 40.00 X 115159 0 31008 DR MARIA HARRISON 40.00 X 150639 0 13203 DR DANIEL KLESSIG 40.00 X 231686 0 0 JOHN DENTES X 226937 0 5334 TAMI BOGAUSCH X 28087 0 6905 1495855 0 187529 6 1 1 0 CONVERGENT WEALTH ADVISORS 67 MONROE AVE PITTSFORD NY 14535 INVESTMENT CONSULTING 183554 ROBERT GRANADOS 5 EAGLES HEAD RD ITHICA NY 14850 CONSULTING 114375 EDWARDS ANGELL PALMER & DODGE PO BOX 40956 HARTFORD CT 061510956 LEGAL 108897 3 11046901 1472699 12519600 833221 833221 745533 745533 4145943 1291 4145943 -1291 4144652 4144652 REVENUE RELATED TO INT 900099 38804 38804 5390 5390 44194 18287200 0 0 5767600 8077459 7392296 594849 90314 267263 267263 426910 316043 107287 3580 493700 417668 71301 4731 2598074 1481262 1116812 217668 211454 6214 43500 43500 388709 388709 2911184 2478127 401058 31999 1529528 1445601 81947 1980 327899 278525 49374 52913 22731 29513 669 708912 694226 14686 78970 78970 EXTERNAL & INTERNAL SER 752675 612771 136886 3018 EQUIPMENT MAINTENANCE 327370 327370 PUBLICATIONS 59661 42686 491 16484 19262395 15720760 3388860 152775 161750 825677 5326782 2041678 914661 1051694 58989 41034 10869038 5499806 5966616 5369232 53397555 56852239 26766387 28330105 6317769 8200795 98910509 102712454 1174388 1198317 613750 672502 7271538 7820054 9059676 9690873 X 86350559 89276761 478074 722620 3022200 3022200 89850833 93021581 98910509 102712454 X -975195 4145943 X X 1 1 1 X 1 1 X 6832682 870027 9814962 11161857 12519600 41199128 1682656 1960849 1954415 1804267 1527898 8930085 8515338 2830876 11769377 12966124 14047498 50129213 50129213 2091208 1267820 1031533 1612527 1578754 7581842 10361645 44194 10405839 68116894 0.73590 0.70800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3388364 405030 152354 3640860 3022200 501441 135277 3388364 4384184 -1282325 -79659 3022200 0.11000 0.93060 0 0 5967402 2102391 3865011 4900636 3397415 1503221 1000 1000 5369232 PRIVATE EQUITIES - LLC'S 9687507 F EQUITY - LLC'S 18642598 F 28330105 ACCRUED INTEREST AND DIVIDENDS 11193 DUE FROM BROKER (SALE OF INVESTMENTS) 7992777 OTHER ASSETS 196825 8200795 ACCRUED POST-RETIREMENT BENEFITS 2476682 DUE TO INVENTORS 123931 DEFERRED COMPENSATION 766542 ACCRUED PENSION PAYABLE 4452899 7820054 18287200 19262395 -975195 4145943 4145943 3170748 23573623 4184747 1527898 1291 5713936 17859687 388709 38804 427513 18287200 19571475 1527898 1527898 18043577 388709 830109 1218818 19262395 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INCOME HAS BEEN BOARD DESIGNATED TO SUPPORT A POSITION IN PLANT MOLECULAR BIOLOGY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INSTITUTE HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX RETURNS FOR THE YEARS DECEMBER 31, 2007 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS 1,291. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS REVENUE 38,804. PART XIII, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT TO REFLECT PENSION FUNDING STATUS 830,109. THE INCOME HAS BEEN BOARD DESIGNATED TO SUPPORT A POSITION IN PLANT MOLECULAR BIOLOGY. X 0 1 X X X X 0 0 0 0 0 0 0 0 0 DAVID STERN 274486 0 15300 0 6000 0 48389 0 31008 0 375183 0 0 0 DR ERIC RICHARDS 213352 0 0 0 6711 0 6711 0 21491 0 248265 0 0 0 DR MARIA HARRISON 134139 0 0 0 16500 0 4123 0 9080 0 163842 0 0 0 DR DANIEL KLESSIG 231686 0 0 0 0 0 0 0 0 0 231686 0 0 0 JOHN DENTES 224999 0 0 0 1938 0 590 0 4744 0 232271 0 0 0 PART I, LINE 1A PART 1-1A, FIRST CLASS TRAVEL, $15,406, INCURRED FOR PRESIDENT'S PREMIUM AIR TRAVEL NON TAXABLE PART 1-1B, AS PER EMPLOYMENT AGREEMENT PART 1-1B, PAYMENTS ARE AS PER EMPLOYMENT AGREEMENT RALPH WF HARDY FORMER DIRECTOR 52000 INDEPENDENT 0 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD CHAIR, MR. CORNELL, HAD A BUSINESS RELATIONSHIP WITH MR. STERN, BTI'S PRESIDENT. FORM 990, PART VI, SECTION A, LINE 6 THE BOYCE THOMPSON INSTITUTE, INC. IS A NYS MEMBERSHIP CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT DIRECTORS FORM 990, PART VI, SECTION B, LINE 11 NO REVIEW WILL BE CONDUCTED PRIOR TO FILING, HOWEVER, THE BOARD WILL REVIEW THE 990 AFTER IT HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CERTIFICATIONS ARE PROVIDED BY DIRECTORS AND KEY EMPLOYEES TO THE CORPORATE SECRETARY AND DIRECTOR OF HUMAN RESOURCES. CONFLICTS ARE DISCLOSED TO AND REVIEWED BY THE AUDIT COMMITTEE AND BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPENSATION COMMITTEE ESTABLISHES THE SALARIES OF THE PRESIDENT AND THE VICE PRESIDENT, ANNUALLY. COMPARABLE SALARIES AND COST OF LIVING DATA IS PROVIDED BY THE DIRECTOR OF HUMAN RESOURCES. MEETING MINUTES, RECOMMENDATIONS AND SUPPORTING DATA ARE RETAINED BY THE COPORATE SECRETARY. SALARY REVIEWS ARE PERFORMED ANNUALLY, IN NOVEMBER. THE COMPENSATION COMMITTED MET IN NOVEMBER 2009 TO REVIEW AND SET THE 2010 COMPENSATION FOR THE PRESIDENT, VICE PRESIDENT, AND CFO/VP FOR FINANCE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE ON REQUEST TO THE CORPORATE SECRETARY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,145,943. FORM 990, PART XI, LINE 2C: THE BTI AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.