2011-11-11T14:52:47-06:00 2010-12-31 PricewaterhouseCoopers LLP 125 High Street Boston MA 02110 990 2010-01-01 042105850 WOODS HOLE OCEANOGRAPHIC INSTITUTION WOOD 5084572000 569 WOODS HOLE ROAD MS 14 WOODS HOLE MA 02543 CHRISTOPHER WINSLOW 2011-11-10 6175305000 2010 2016-02-24 21:20:13Z SUSAN AVERY 569 WOODS HOLE ROAD MS 14 WOODS HOLE MA 02543 306975741 false X www.whoi.edu X 1930 MA SEE SCHEDULE O 37 34 1151 75 38189 -72388 156486206 182249525 10399879 10624930 -3548551 15272524 1111509 874686 164449043 209021665 8448249 8808516 0 0 71848306 79861402 14732 0 1911139 94249293 109881327 174560580 198551245 -10111537 10470420 487591308 514511509 174735549 180460041 312855759 334051468 X SEE SCHEDULE O false false 179084548 8368707 216875 SPONSORED AND INSTITUTIONAL RESEARCH IN OCEANOGRAPHY AND RELATED FIELDS. OF THE 844 SPONSORED RESEARCH AWARDS, 505 AWARDS ARE FROM 9 FEDERAL AGENCIES AND 339 ARE FROM 143 OTHER CLIENTS. INSTITUTION RESEARCH SPONSORED 148 PROJECTS FROM UNRESTRICTED FUNDS. IN ADDITION, WOODS HOLE OCEANOGRAPHIC INSTITUTION ISSUED 436 PUBLICATIONS IN 2010. 9411613 439809 10624930 EDUCATION JOINT GRADUATE PROGRAM WITH M.I.T. IN THE MARINE SCIENCES. IN 2010 THERE WERE 110 GRADUATE STUDENTS, 24 DEGREE RECIPIENTS, 42 POST DOCTORAL SCHOLARS AND FELLOWS, 9 GEOPHYSICAL FLUID DYNAMICS PROGRAM PARTICIPANTS, 34 SUMMER STUDENT FELLOWS AND 76 GUEST STUDENTS. 188496161 true true false true false false true false false true true false false true true false true false false true true false false false false false false false true true true false false false false false true true false false false true false false false true true true true true false true X 186 0 true 1151 true true true false false false false false false false false false X 37 34 false false false false false false false true true false true true true true true true true true true true false MA NY X X DANA FERNANDEZ CONTROLLER 5082893505 MS 14 569 WOODS HOLE RD WOODS HOLE MA 02543 THOMAS B WHEELER 5.0 X 0 0 0 RODNEY B BERENS 5.0 X 0 0 0 MICHELE S FOSTER 5.0 X 0 0 0 ROBERT A DAY JR 5.0 X 0 0 0 ALFRED T DENGLER 5.0 X 0 0 0 SARA G DENT 5.0 X 0 0 0 ERIC H JOSTROM 5.0 X 0 0 0 WILLIAM J KEALY 5.0 X 0 0 0 COLEMAN P BURKE 5.0 X 0 0 0 NANCY S NEWCOMB 5.0 X 0 0 0 CARL E PETERSON 5.0 X 0 0 0 HARDWICK SIMMONS 5.0 X 0 0 0 RICHARD F SYRON 5.0 X 0 0 0 STEPHEN E TAYLOR 5.0 X 0 0 0 THOMAS J TIERNEY 5.0 X 0 0 0 GEORGETTE C MCCONNELL 5.0 X 0 0 0 GEOFFREY A THOMPSON 5.0 X 0 0 0 PETER A ARON 5.0 X 0 0 0 ROBERT C DUCOMMUN 5.0 X 0 0 0 JAMES M CLARK JR 5.0 X 0 0 0 SHERRI GOODMAN 5.0 X 0 0 0 JOHN F OBRIEN 5.0 X 0 0 0 JOSEPH F PATTON JR 5.0 X 0 0 0 NEWTON PS MERRILL 5.0 X 0 0 0 HERBERT F SCHWARTZ 5.0 X 0 0 0 MICHELE G SCAVONGELLI 5.0 X 0 0 0 ARTHUR YORKE ALLEN 5.0 X 0 0 0 JOSEPH D ROXE 5.0 X 0 0 0 JAMES A AUSTIN JR 5.0 X 0 0 0 ROBERT L JAMES 5.0 X 0 0 0 SUSAN K AVERY 40.0 X X 398659 0 61251 JAMES L DUNLAP 5.0 X 0 0 0 STEVEN G HOCH 5.0 X 0 0 0 THOMAS G NEMMERS 40.0 X X 100176 0 29097 JEAN C TEMPEL 5.0 X 0 0 0 HAMILTON E JAMES 5.0 X 0 0 0 ROBERT M BAYLIS 5.0 X 0 0 0 CHRISTOPHER WINSLOW 40.0 X 251045 0 74285 LAURENCE MADIN 40.0 X 264350 0 44184 ROBERT MUNIER 40.0 X 207271 0 36082 ROBERT WELLER 40.0 X 223494 0 34924 ROBERT DETRICK 40.0 X 216581 0 26067 JAMES YODER 40.0 X 227938 0 43651 DANIEL STUERMER 40.0 X 209687 0 39043 PRIYA MCCUE 40.0 X 235434 0 68567 JUDY MCDOWELL 40.0 X 175358 0 41624 SUSAN HUMPHRIS 40.0 X 181136 0 35111 DONALD ANDERSON 40.0 X 177084 0 41644 2868213 0 575530 197 true true false RAYTHEON CO 870 WINTER STREET WALTHAM MA 024511449 PROGRAM MANAGEMENT 1019893 MCGARR SERVICE CORPORATION PO BOX 670139 CHESTNUT HILL MA 02467 CLEANING SERVICES 754638 EVERGREEN SHEET METAL INC 302 HERMAN MELVILLE BLVD NEW BEDFORD MA 02740 HVAC SERVICES 619474 AMERICAN PLUMBING HEATING CO 1000 CORDWAINER DRIVE NORWELL MA 020611631 PLUMBING SERVICES 550760 MARINE BIOLOGICAL LABORATORY 7 MBL STREET WOODS HOLE MA 02543 SCIENTIFIC SUPPLIES 376658 25 131589694 50659831 281518 182249525 EDUCATION 900099 10624930 10624930 10624930 3705249 3705249 0 131081 131081 543788 232130 311658 311658 311658 102096110 7193111 93428287 4293659 8667823 2899452 11567275 38189 11529086 0 0 0 INFO CENTER INCOME 541900 216875 216875 OTHER INCOME 900099 215072 215072 431947 209021665 10841805 38189 15892146 0 8808516 8808516 0 0 1242855 476059 730103 36693 0 59191921 57851138 467536 873247 0 19212850 17920370 743493 548987 213776 213776 440649 440649 851136 851136 410848 410848 4619 4619 0 642593 642593 7033294 7033294 317363 216310 77524 23529 24691277 23968553 591753 130971 800064 753913 35205 10946 0 503833 205607 298226 5693386 5429333 240617 23436 0 0 0 0 8486226 8158145 237719 90362 241606 48043 193563 OTHER ADMINISTRATIVE EXPENSE 3554639 1498367 1913015 143257 SHIP AND VESSELS 43111446 43111446 SHOP SERVICES 4799488 4799488 EQUIPMENT RENT & MAINTENANCE 8198884 8117603 56189 25092 MICELLANEOUS 99976 99976 198551245 188496161 8143945 1911139 23767368 2969884 6575970 6944710 10451525 7337618 13846487 15076004 10820 4642 1029151 989798 1644600 1850872 6646613 7758667 180919958 96695400 85837560 84224558 307246822 361156069 30534392 26198687 487591308 514511509 19213270 23019388 8726087 13389434 63431258 62052329 6000000 3000000 77364934 78998890 174735549 180460041 X 27135366 32305095 205024633 220261662 80695760 81484711 312855759 334051468 487591308 514511509 X 10470420 10725289 X false true true X true true X 123039477 142800076 154056468 156486206 182249525 758631752 123039477 142800076 154056468 156486206 182249525 758631752 758631752 4987581 4421287 4460464 4254074 4380118 22503524 281424 357991 337128 595971 431947 2004461 783139737 51652323 0.96871 0.96705 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 142 true 1510 false true 13292 true 4800 true 19744 false LOBBYING ACTIVITY EXPLANATION SCHEDULE C THE WOODS HOLE OCEANOGRAPHIC INSTITUTION DID NOT PARTICIPATE OR INTERVENE IN ANY POLITICAL CAMPAIGNS. THE WOODS HOLE OCEANOGRAPHIC INSTITUTION EMPLOYS A DIRECTOR OF GOVERNMENT RELATIONS WHO IS REGISTERED AS A LOBBYIST WITH THE U.S. SENATE AND THE U.S. HOUSE OF REPRESENTATIVES TO LOBBY ON A BROAD RANGE OF POLICY AND SPENDING LEGISLATION RELATING TO OCEAN SCIENCE. SPECIFICALLY, WHOI LOBBIES FOR INCREASED FUNDING FOR COMPETITIVE OCEAN SCIENCE GRANT PROGRAMS IN THE US NAVY, THE NATIONAL SCIENCE FOUNDATION, AND THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION. IN ADDITION, THE INDIVIDUAL REPORTS TO WOODS HOLE OCEANOGRAPHIC INSTITUTION ON DEVELOPMENTS AND ISSUES OF INTEREST TO AND/OR FACING THE INSTITUTION. FOR THE YEAR ENDED DECEMBER 31, 2010, WHOI PAID $11,135 IN COMPENSATION TO THIS INDIVIDUAL FOR LOBBYING ACTIVITIES. THE ORGANIZATION PAID MEMBERSHIP DUES OF $5,880 TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. WHOI ALSO PROVIDES EXPERT ADVICE TO CONGRESS ON OCEAN MATTERS INCLUDING ENVIRONMENTAL QUALITY, CLIMATE CHANGE AND MARINE RESOURCES. X 1 10.76 0 1 true 4.00 400 true 317845815 7995383 38354918 16297557 347898559 264540552 788623 69276908 15348010 1412258 317845815 383839989 1638049 -101788792 6682238 6992993 5473463 264540552 0.24000 0.19000 0.57000 true false false 203724 1325473 1529197 724552 50153822 19949173 30929201 0 31530426 25028827 6501599 68691 96913270 51717400 45264561 84224558 REMAINDER TRUSTS 10420847 CONTRIBUTED ASSETS 4978001 ANNUITY INVESTMENTS AT MARKET 1474681 DEPOSITS FOR CONSTRUCTION 3177682 DEPOSITS FOR DEBT SERVICE 92 DEFERRED FIXED RATE VARIANCES 6147384 26198687 0 SUPPLEMENT RETIREMENT RESERVE 6801626 ACCRUED PENSION LIABILITY 66286872 ACCRUED POSTRETIREMENT LIABILITY 5910392 78998890 209021665 198551245 10470420 28187660 -17462371 10725289 21195709 235664339 28187660 -1544986 26642674 209021665 209021665 198783375 232130 232130 198551245 198551245 CONSERVATION EASEMENTS FORM 990, SCHEDULE D, PART II, LINE 5 FACILITIES OFFICE PERSONNEL WALK THE CONSERVATION EASEMENT AREA TWICE A YEAR TO ENSURE THAT THERE ARE NO ENCROACHMENTS ON THE 11 ACRE AREA AND THAT THERE ARE NO PROHIBITED USES AS DEFINED IN THE TERMS OF THE CONSERVATION RESTRICTION. FORM 990, SCHEDULE D, PART II, LINE 9 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION'S CONSERVATION EASEMENT IS NOT ACCOUNTED FOR SEPARATELY, BUT IS INCLUDED AS PART OF LAND ON THE BALANCE SHEET. INTENDED USE OF ENDOWMENT FUND FORM 990, SCHEDULE D, PART V, LINE 4 -PROVIDE A STREAM OF INCOME IN SUPPORT OF ANNUAL BUDGETARY NEEDS. -PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER. -PROVIDE SUPPORT FOR CAPITAL INVESTMENT NEEDS AS THEY ARISE. other liabilities SCHEDULE D, PART X, LINE 2 Woods Hole Oceanographic Institution does not have a fin 48 footnote in its financial statements. ADJUSTMENTS TO NET ASSETS FORM 990, SCHEDULE D, PART XI, LINE 8 PENSION RELATED CHANGES OTHER THAN COST (3,969,468) UNREALIZED LOSS ON SWAP (1,777,116) CHANGE IN SPLIT INTEREST AGREEMENTS 583,949 DISTRIBUTION IN EXCESS OF INCOME EARNED (15,382,065) CHANGE IN PREPAID PENSION COST 3,082,329 =========== TOTAL (17,462,371) REVENUE INCLUDED ON BOOKS BUT NOT ON RETURN FORM 990, SCHEDULE D, PART XII, LINE 2D UNREALIZED LOSS ON SWAP (1,777,116) RENTAL EXPENSE 232,130 =========== TOTAL (1,544,986) EXPENSES INCLUDED ON BOOKS BUT NOT ON RETURN FORM 990, SCHEDULE D, PART XIII, LINE 2D RENTAL EXPENSE 232,130 Central America and the Caribbean 5 Program Services SHIP OPERATIONS 74483 Central America and the Caribbean 1 6 Program Services SCIENTIFIC RESEARCH 364800 South America 5 Program Services SHIP OPERATIONS 13655 Europe (Including Iceland and Greenland) 3 Program Services SHIP OPERATIONS 10913 Middle East and North Africa 1 36 Program Services SCIENTIFIC RESEARCH 716388 Sub-Saharan Africa 2 Program Services SHIP OPERATIONS 9959 Central America and the Caribbean Investments 66639000 2 57 2 57 67829198 67829198 true false false true true false DESCRIPTION OF FOREIGN ACTIVITIES SCHEDULE F, PART I, LINE 3 WOODS HOLE OCEANOGRAPHIC INSTITUTION (WHOI) OPERATES THREE U.S. GOVERNMENT-OWNED OCEANOGRAPHIC RESEARCH VESSELS UNDER THE UNIVERSITY-NATIONAL OCEANOGRAPHIC LABORATORY SYSTEM (UNOLS). THE SHIPS OPERATE BY "LEGS," PERIODS OF TIME AT SEA. EACH LEG ENDS IN A PORT OF CALL TO DISEMBARK RESEARCHERS, EQUIPMENT AND SOMETIMES MARINE CREW, THEN LOAD EQUIPMENT, AND BOARD THE NEXT SET OF RESEARCHERS AND SOMETIMES CREW MEMBERS FOR THE FOLLOWING LEG. SOME PORTS OF CALL ARE IN FOREIGN REGIONS AS DETERMINED BY GRANTS THAT FUND SHIP OPERATIONS. WHOI DOES NOT CONSIDER THESE TRANSIENT ACTIVITIES TO CONSTITUTE FOREIGN ACTIVITIES THAT SHOULD BE REPORTED ON FORM 990, SCHEDULE F. IN ALL OF THESE CASES THE PURPOSE OF JOINING A SHIP IS TO CONDUCT RESEARCH ACTIVITIES OR SHIP OPERATIONS AT SEA, NOT IN THE FOREIGN COUNTRY. HOWEVER, AGENTS, PRIMARILY SHIP'S AGENTS WHO ARE PAID FOR SERVICES TO FACILITATE THE TURNOVER BETWEEN LEGS AT SEA, ARE REPORTED BY NUMBER AND TOTAL EXPENDITURES (PART I, LINE 3, COLUMN (C) & (F)). TWO PLACES IN FOREIGN REGIONS CAN BE IDENTIFIED WHERE RESEARCH IS CARRIED OUT ON A REPEATED BASIS. ONE, IN THE MIDDLE EAST & NORTH AFRICA REGION, A GRADUATE-LEVEL SCIENTIFIC RESEARCH UNIVERSITY HAS AN AGREEMENT WITH WHOI TO COLLABORATE ON MARINE RESEARCH PROJECTS. THE OTHER IS THE LIQUID JUNGLE LAB (LJL) IN THE CENTRAL AMERICA/CARRIBEAN REGION. WHOI USES THESE FACILITIES, BUT DOES NOT HAVE AN OWNERSHIP INTEREST. THIS IS THE BASIS FOR COUNTING THEM AS OFFICES FOR THE PURPOSES OF PART I, LINE 3, COLUMN (B). ACTIVITIES PER REGION PART I, LINE 3, COLUMNS (B) & (F) REPORTABLE INFORMATION IS OBTAINED THROUGH WHOI'S FINANCIAL MANAGEMENT SYSTEM. PROVISION OF COLUMN (F) DATA FOR THE UNIVERSITY WAS FACILITATED BY A LOCALLY-IMPOSED ACCOUNTING PROCEDURE THAT SEPARATES COSTS INCURRED INSIDE ITS BORDERS FROM THOSE INCURRED OUTSIDE. true FELLOWSHIPS/SCHOLARSHIPS 81 3299241 BOOK TUITION STIPENDS 271 3976522 MAINTAINING RECORDS FORM 990, SCHEDULE I, PART I, LINE 1 APPLICATIONS FOR ADMISSIONS ARE REVIEWED BY FACULTY. STUDENTS ARE ADMITTED BASED UPON THEIR ACADEMIC RECORD, AND ALL ARE GIVEN SUPPORT THROUGH EITHER WHOI OR MIT. WRITTEN RECORDS OF ALL DECISIONS ARE RETAINED. MONITORING USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 EACH STUDENT'S ACADEMIC PROGRESS IS EVALUATED YEARLY. X false true X X X X X false false false false false false false false true true SUSAN K AVERY 348479 0 0 50180 43800 17451 459910 0 0 LAURENCE MADIN 242749 0 0 21601 32354 11830 308534 0 0 ROBERT WELLER 200235 0 0 23259 27415 7509 258418 0 0 ROBERT DETRICK 215266 0 0 1315 25143 924 242648 0 0 SUSAN HUMPHRIS 158439 0 0 22697 21608 13503 216247 0 0 JAMES YODER 224323 0 0 3615 27448 16203 271589 0 0 DANIEL STUERMER 193350 0 0 16337 24931 14112 248730 0 0 DONALD ANDERSON 154421 0 0 22663 21495 20149 218728 0 0 CHRISTOPHER WINSLOW 244846 0 0 6199 57338 16947 325330 0 0 PRIYA MCCUE 218729 0 0 16705 50977 17590 304001 0 0 ROBERT MUNIER 189466 0 0 17805 24336 11746 243353 0 0 JUDY MCDOWELL 153531 0 0 21827 22229 19395 216982 0 0 HOUSING ALLOWANCE DESCRIPTION FORM 990, SCHEDULE J, LINE 1B AN ON-SITE RESIDENCE IS MADE AVAILABLE TO THE PRESIDENT/DIRECTOR AS AN ELEMENT OF HER EMPLOYMENT CONTRACT. IMPUTED INCOME IS CALCULATED FOR THIS HOUSING PROVISION. INITIAL CONTRACT FORM 990, SCHEDULE J, LINE 8 SUSAN AVERY ENTERED INTO AN EMPLOYMENT AGREEMENT WITH WOODS HOLE OCEANOGRAPHIC INSTITUTION IN DECEMBER 2007. THE TERMS OF HER CONTRACT INCLUDE A BASE SALARY, REGULAR EMPLOYEE BENEFITS (E.G., LIFE INSURANCE, MEDICAL INSURANCE, DISABILITY INCOME, VACATION, RETIREMENT, AND OTHER BENEFIT PLANS WHICH THE INSTITUTION MAY FROM TIME TO TIME HAVE IN EFFECT FOR ALL OR MOST OF ITS SENIOR ADMINISTRATORS), PARTICIPATION IN THE RETIREMENT BENEFIT RESTORATION PLAN, HOUSING ASSISTANCE (ALLOWED TO RESIDE AT METEOR HOUSE UNTIL THE TIME SHE ELECTS TO PURCHASE A HOME IN THE WOODS HOLE AREA, AT WHICH TIME SHE WOULD BE PROVIDED WITH A FIRST OR SECOND MORTGAGE LOAN TOWARDS THE PURCHASE OF THE FIRST PRINCIPAL RESIDENCE; MAXIMUM OF LOAN WILL BE THE LOWER OF $250,000 OR FIFTY PERCENT OF THE PURCHASE PRICE OF THE PROPERTY), AND A 12-MONTH SEVERANCE PROVISION. MHEFA 042456011 57586ECE9 2008-12-04 64403887 REFINANCED BOND ISSUE OF 6/29/2004 false false false 64495534 268500 7349352 53700000 3177682 true false false true false false false true true 0.01500 0.00000 0.01500 true false false false false false false Schedule K, Line 3 Includes total proceeds of issue, transfer proceeds of $22,234 and interest earned of $69,413. WILLIAM JENKINS EDUCATION X 7395 796 false true true THOMAS NEMMERS COMPUTER LOAN X 1508 332 false true true DONALD ANDERSON EDUCATION X 9217 3332 false true true CHRISTOPHER WINSLOW COMPUTER LOAN X 1817 182 false true true 4642 CARLY BUCHWALD CHILD OF TRUST. M.SCAVONGELLI 28510 STIPEND CARLY BUCHWALD CHILD OF TRUST. M.SCAVONGELLI 51057 TUIT. REMISSION X 24 281518 FMV false true true CONTRIBUTION METHOD FORM 990, SCHEDULE M, PART I, COLUMN (B) WOODS HOLE OCEANOGRAPHIC INSTITUTION HAS REPORTED THE NUMBER OF CONTRIBUTIONS ON THIS SCHEDULE. THIRD PARTY FORM 990, SCHEDULE M, PART I, LINE 32B A THIRD PARTY BROKERAGE FIRM SELLS GIFTS OF MARKETABLE SECURITIES. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION IS DEDICATED TO RESEARCH AND EDUCATION TO ADVANCE UNDERSTANDING OF THE OCEAN AND ITS INTERACTION WITH THE EARTH SYSTEM, AND TO COMMUNICATE THIS UNDERSTANDING FOR THE BENEFIT OF SOCIETY. 990 REVIEW PROCESS FORM 990, PART VI, LINE 11A WOODS HOLE OCEANOGRAPHIC INSTITUTION'S (WHOI) FORM 990 IS PREPARED WITH THE ASSISTANCE OF ITS OUTSIDE TAX ACCOUNTANTS. FOLLOWING WHOI'S INTERNAL MANAGEMENT'S REVIEW, A DRAFT VERSION OF THE RETURN IS DISTRIBUTED TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENTS. ONCE THE RETURN HAS BEEN UPDATED WITH INTERNAL MANAGEMENT AND AUDIT COMMITTEE'S COMMENTS, EACH VOTING MEMBER OF THE GOVERNING BODY, THE PRESIDENT & DIRECTOR AND VICE PRESIDENT FOR FINANCE & ADMINISTRATION & CHIEF FINANCIAL OFFICER, WILL RECEIVE COPIES OF FORM 990 FOR REVIEW. THE AUDITORS/TAX CONSULTANTS WILL THEN FINALIZE THE FORM 990. COPIES OF COMPLETED FORM 990 WILL BE DISTRIBUTED IN ELECTRONIC OR PAPER FORM TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. A DESIGNEE OF THE VICE PRESIDENT FOR FINANCE & ADMINISTRATION & CHIEF FINANCIAL OFFICER WILL BE RESPONSIBLE FOR MAINTAINING A CURRENT DISTRIBUTION LIST AND DISTRIBUTING THE COPIES. CONFLICT OF INTEREST COMPLIANCE FORM 990, PART VI, LINE 12C EACH TRUSTEE AND OFFICER OF WOODS HOLE OCEANOGRAPHIC INSTITUTION ("WHOI") IS REQUIRED TO DISCLOSE ON AN ONGOING BASIS, IN WRITING, ON WHOI'S DISCLOSURE STATEMENT, (A) ANY FINANCIAL OR BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMBER, HAS WITH WHOI OR ANY AFFILIATED ORGANIZATION OR WITH ORGANIZATIONS THAT DO BUSINESS WITH WHOI OR ANY AFFILIATED ORGANIZATION, (B) ANY ELECTED OR APPOINTIVE OFFICE OR POSITION THAT HE OR SHE, OR ANY FAMILY MEMBER, HOLDS IN A BRANCH OF GOVERNMENT OR IN A REGULATORY AGENCY HAVING AUTHORITY OR JURISDICTION OVER WHOI, OR (C) OTHER PERSONAL, FAMILIAL, FINANCIAL, OR BUSINESS RELATIONSHIPS THAT OTHERWISE COULD BE CONSTRUED TO AFFECT THE INDEPENDENT, UNBIASED JUDGMENT OF SUCH TRUSTEE OR OFFICER IN LIGHT OF HIS OR HER DECISION-MAKING AUTHORITY OR RESPONSIBILITIES FOR WHOI. THE DISCLOSURE STATEMENTS ARE FILED WITH WHOI'S CLERK AND THE CLERK WILL PREPARE A REPORT ANNUALLY OR MORE FREQUENTLY AS NECESSARY FOR THE TRUSTEES AND OFFICERS SUMMARIZING ANY CONFLICT ISSUES. THE AUDIT COMMITTEE REVIEWS THE DISCLOSURE REPORTS AND ANY CONFLICTS OR POTENTIAL CONFLICTS ARE BROUGHT TO THE EXECUTIVE COMMITTEE'S ATTENTION. THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER A CONFLICT EXISTS BASED ON WHOI'S CONFLICT OF INTEREST POLICY. IF A CONFLICT OF INTEREST IS DETERMINED, THE EXECUTIVE COMMITEE WILL EXERCISE THEIR JUDGMENT ON THE BEST COURSE TO FOLLOW. COMPENSATION APPROVAL FORM 990, PART VI, LINE 15 THE COMPENSATION PROCESS CONSISTS OF COMPARABLE, RELEVANT MARKET DATA FOR THE INSTITUTION'S POSITIONS OBTAINED FROM PUBLISHED SURVEYS, AND OTHER AVAILABLE SOURCES SUCH AS PEER ORGANIZATIONS' 990 FORMS. OTHER SURVEYS OF SPECIALIZED SKILL SETS OR EMPLOYEE ATTRIBUTES CRITICAL TO THE SUCCESS OF THE INSTITUTION WILL ALSO BE INCORPORATED AS NEEDED. MOREOVER, THE COMMITTEE MAY RELY ON MEMBERS OF WHOI MANAGEMENT AND OUTSIDE ADVISORS, CONSULTANTS, AND COUNSEL TO PROVIDE MARKET DATA REPORTS, ANALYSIS, AND OPINIONS WITH RESPECT TO COMPENSATION-RELATED MATTERS. ALL COMPENSATION DECISIONS MADE ARE DOCUMENTED IN THE MINUTES. PUBLIC DISCLOSURE OF DOCUMENTS FORM 990, PART VI, LINE 19 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 NET UNREALIZED GAINS ON INVESTMENTS 28,187,660 PENSION RELATED CHANGES OTHER THAN COST (3,969,468) UNREALIZED LOSS ON SWAP (1,777,116) CHANGE IN SPLIT INTEREST AGREEMENTS 583,949 DISTRIBUTION IN EXCESS OF INCOME EARNED (15,382,065) CHANGE IN PREPAID PENSION COST 3,082,329 ============ TOTAL 10,725,289 EOM Offshore LLC 20 Jonathon Bourne Dr Pocasset MA 02559 800436296 BLD MOORING MA 671941 811451 na RETIREMENT TRUST FOR EMPLOYEES OF WHOI 569 woods hole road woods hole MA 02543 042893434 RET. TRUST MA 401(A) N/A NA WHOI TAX EXEMPT EMP WELFARE BEN TRUST 569 WOODS HOLE ROAD WOODS HOLE MA 02543 043282355 BEN. TRUST MA 501(C)(9) N/A NA QUISSETT DEVELOPMENT CORP REALTY TRUST 569 WOODS HOLE ROAD WOODS HOLE MA 02543 266212595 LICENSING MA NA TRUST 0 0 1.00000 false false false false false false false false false false false false false false false false true false RETIREMENT TRUST FOR EMPLOYEES OF WHOI Q 12223996 WHOI TAX EXEMPT EMP WELFARE BEN TRUST Q 1200000