2024-05-15T05:37:09-07:00 2023-06-30 990 2022-07-01 042104690 MARINE BIOLOGICAL LABORATORY MARI 5082897239 7 MBL Street Woods Hole MA 02543 Mary S Harrington Director of Finance 5082897423 2024-05-15 Mary S Harrington 999009999 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Nipam Patel 7 MBL Street Woods Hole MA 02543 57727788 0 X www.mbl.edu X 1888 MA The Marine Biological Laboratory (MBL) is dedicated to scientific discovery - exploring fundamental biology, understanding biodiversity and the environment, and informing 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. 25 22 444 0 10253 840 47556605 44770074 6266908 7271498 5816791 1435221 143886 103422 59784190 53580215 4709786 4669856 0 0 26032660 28209278 0 0 1339164 18302156 21152011 49044602 54031145 10739588 -450930 237578536 238727925 37435237 35566984 200143299 203160941 The Marine Biological Laboratory (MBL) is a world-renowned center for biological discovery and training that is notably affiliated with more than 60 Nobel Prize winners. Research is conducted by full-time faculty as well as hundreds of the world's leading scientists who are attracted by the MBL's unique resources and strengths, and who come to the MBL to conduct research for weeks or months at a time. Their work spans biological scales from molecules and cells to ecosystems. The MBL trains students from high school to postdoctoral levels. Central to the MBL's identity are its advanced graduate level research courses. 0 0 32347602 2807022 24259178 The Marine Biological Laboratory (MBL) maintains laboratories for the scientific study and investigation of a wide range of biological topics, from biomedical to ecological research. MBL Resident Scientists are based full-time in Woods Hole and conduct funded research in areas of science that are relevant to the MBL's mission of fundamental biological discovery. Areas of focus include new discoveries emerging from the study of new research organisms, encompassing studies in cell biology, regenerative biology, neuroscience, sensory physiology, and comparative evolution and genomics; the study of microbiomes and microbial diversity and ecology in a variety of ocean, organismal, and terrestrial habitats; innovation in imaging and computation, illuminating cellular function and previously unknown biology; and adaptation and resilience of environmental systems and organisms in the face of global change. 11098446 2474975 11232702 The Marine Biological Laboratory (MBL) offers a wide range of scientific courses (from high school to post-doctoral level), workshops, conferences, and internships throughout the year. Central to the MBL's identity are its advanced, discovery-based courses for graduate students, postdoctoral fellows, and faculty. In these courses students learn from internationally renowned scientists and are immersed in the laboratory, learning cutting-edge techniques while investigating contemporary research problems. Each year, MBL advanced courses attract more than 500 graduate students and postdoctoral researchers from more than 300 institutions and over 30 countries. Course directors and faculty are leaders in their fields, drawn from leading universities and research institutions around the world. 2003858 0 1509366 Visiting (Whitman) Research: The Marine Biological Laboratory (MBL) hosts hundreds of researchers, postdocs, and graduate students from around the world to participate in scientific discovery courses, research, lectures, and field studies. As a convener of biology, the MBL is well known for fostering a highly collaborative environment, with scientists and students engaged in intensive research in a collegial and informal atmosphere. Whitman Center Scientists are provided with infrastructure and an informal, interactive scientific community that allows them to launch into research almost immediately upon their arrival. Advice and equipment are available from other researchers or from colleagues in the education program. Free from academic duties at their home institutions, some veteran Whitman Center Scientists report they do more hands-on research in three months at the MBL than they do during the rest of the year at their home institutions. 0 0 0 45449906 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 1 385 0 1 444 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 22 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AK AL CA FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X Mary S Harrington 5082897239 7 MBL Street Woods Hole MA 02543 Robert J Zimmer Former Chair of the Board of Trustees 1 40 X 0 3314058 108881 A Paul Alivisatos Chair of the Board of Trustees 1 40 X X 0 1832579 293208 Juan J de Pablo Trustee 2 40 X 0 827686 64095 Nipam H Patel Director of the MBL 40 0 X X 535757 0 55742 Lori Berko Secretary of the MBL Corporation 2 40 X 0 529281 39113 Paul E Speer Chief Operating Officer 40 0 X 301891 0 48481 Linda Hyman Director of Education 40 0 X 284217 0 41359 Anne Sylvester Director, Division of Research 40 0 X 280715 0 13000 Joshua Rosenthal Senior Scientist 40 0 X 231873 0 36444 Mary S Harrington Treasurer & Director of Finance 40 0 X 220507 0 47444 Sebastien Laye Chief Advancement Officer 40 0 X 0 215611 42243 David B Mark Welch Senior Scientist 40 0 X 189284 0 68150 Scott Koerner Director of Information Technology 40 0 X 179620 0 44738 Jennifer Morgan Director of the Eugene Bell Center 40 0 X 208431 0 11722 Marie Russell Director, Facilities and Services 40 0 X 206631 0 11722 Walter E Massey Trustee 1 0 X 0 50000 0 Saul J Pannell Vice Chair of the Board of Trustees 1 0 X X 0 0 0 Avram Hershko Trustee 1 0 X 0 0 0 Brien M OBrien Trustee 1 0 X 0 0 0 Catherine E Hibbitt Trustee 1 0 X 0 0 0 Christopher G Kennedy Trustee 1 0 X 0 0 0 Constance T Keller Trustee 1 0 X 0 0 0 David B Fithian Trustee 1 0 X 0 0 0 David A Greene Trustee 1 0 X 0 0 0 Dyann F Wirth Trustee 1 0 X 0 0 0 Ethan A Lerner Trustee 1 0 X 0 0 0 John W McCarter Trustee 1 0 X 0 0 0 John W Rowe Trustee 1 0 X 0 0 0 Margaret J Fofonoff Trustee 1 0 X 0 0 0 Patrice O Yarbough Trustee 1 0 X 0 0 0 Peter D Barbey Trustee 1 0 X 0 0 0 Ronald P OHanley Trustee 1 0 X 0 0 0 Samme L Thompson Trustee 1 0 X 0 0 0 Susan M Fitzpatrick Trustee 1 0 X 0 0 0 Timothy A Springer Trustee 1 0 X 0 0 0 William A Linton Trustee 1 0 X 0 0 0 William I Huyett Trustee 1 0 X 0 0 0 William T Speck Trustee 1 0 X 0 0 0 2638926 6769215 926342 49 1 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15251 Food service 2430073 American Plumbing & Heating Corp 1000 Cordwainer Drive Norwell MA 02061 Construction 708554 Woods Hole Oceanographic Institution 266 Woods Hole Road No 14 Woods Hole MA 02543 Research Subaward 555624 Greenwood Industries Inc 640 Lincoln Street Worcester MA 01605 Construction 468000 MAS Building and Bridge Inc 18 Sharon Avenue Norfolk MA 02056 Construction 401102 23 0 0 0 13557492 17863153 13349429 137388 44770074 Tuition 611600 2370173 2370173 0 0 Housing, dining & conferences 721000 3118106 3118106 0 0 Specimen & research services 541700 393904 393904 0 0 Rental Income 532000 1099228 0 0 1099228 Gift Shop 453220 252169 241916 10253 0 37918 37918 0 0 7271498 633824 0 0 633824 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4948970 0 3978118 169455 970852 -169455 801397 0 0 801397 0 0 0 0 0 0 103422 103422 0 0 103422 53580215 6265439 10253 2534449 2726973 2726973 1024860 1024860 918023 918023 0 0 1669523 681103 878366 110054 0 0 0 0 19096765 16754492 1915864 426409 1714605 1449536 217338 47731 4167035 3522832 528201 116002 1561350 1319973 197912 43465 0 0 0 0 154494 0 154494 0 114375 0 114375 0 144000 0 0 144000 0 0 0 0 0 0 2099947 1756616 240609 102722 0 0 0 0 0 0 0 0 251291 141043 30513 79735 0 0 0 0 2252869 1508467 717460 26942 1154190 1103662 30102 20426 0 0 0 0 0 0 0 0 777581 563439 206403 7739 0 0 0 0 4028217 3134107 861798 32312 1438933 962482 459232 17219 Supplies 3269193 3167582 93686 7925 Hospitality Services 2474975 2474975 0 0 Equipment & equip maintenance 991592 786093 197229 8270 Serials 416298 278731 132595 4972 1584056 1174917 265898 143241 54031145 45449906 7242075 1339164 2603125 3508009 0 11226011 11472882 1233474 1234440 0 0 0 0 230250 230250 94087 106378 939919 1002875 207541764 103243576 101017845 104298188 18405353 15406886 98315734 97442973 0 0 0 0 3512738 4025044 237578536 238727925 4384654 5072199 0 0 8030349 7455048 22871397 21899513 0 0 0 0 0 0 0 0 2148837 1140224 37435237 35566984 X 91460295 97168235 108683004 105992706 200143299 203160941 237578536 238727925 X -450930 1200401 0 0 0 2268171 X 0 1 X 1 1 1 X 39567143 35027047 37169993 47556604 44770074 204090861 0 0 0 0 0 0 0 0 0 0 39567143 35027047 37169993 47556604 44770074 204090861 2725377 201365484 1074778 781462 702416 1016314 633824 4208794 0 0 0 0 1840 1840 407546 601008 173785 143886 103422 1429647 209731142 31033196 0.96011 0.97096 X Schedule A, Part II, Line 10 Other income shows miscellaneous activity. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 144110 144110 0 Schedule C, Part II-B, Line 1 The MBL employed two lobbyists to contact various people/agencies to advocate for funding beneficial to the MBL. 0 0 0 0 X X X 0 96915115 1228444 2777759 4948970 0 0 95972348 110363398 866932 -9636592 4678623 0 0 96915115 83248252 1533546 30175118 4593518 0 0 110363398 83193942 2375450 2096520 4417660 0 0 83248252 83102761 398596 5331976 4443586 1195805 0 83193942 0.1007 0.62 0.2793 0 1 1 0 52931085 52931085 0 112780534 73369172 39411362 0 0 0 0 0 39692148 29874404 9817744 0 2137997 0 2137997 104298188 University of Chicago Total Return Investment Pool 95972348 F University of Chicago Gift Annuity Fund 1470625 F 97442973 0 Interest rate swap 903837 Other liabilities 181659 Charitable gift annuities payable 54728 1140224 X 52881308 0 0 0 3524899 3524899 49356409 0 4223806 4223806 53580215 52607074 0 0 0 0 0 52607074 0 1424071 1424071 54031145 Schedule D, Part III, Line 4 Rare books, journals and prints are located and used in the MBL Library for research and preservation. Schedule D, Part V, Line 4 The endowment funds were established to support a variety of purposes, including research, scholarships, the MBL Library, and plant. 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. Management believes that the Laboratory's income tax returns for years ended prior to 2019 are no longer subject to examination by tax authorities in its major tax jurisdiction. Schedule D, Part XI, Line 2d Investment earnings used for operations of $4,948,970 is excluded from Operating Revenue on the Form 990, offset by Financial aid of $1,424,071 included within "Tuition,net" on the Audited Financial Statements, but presented as an expense on the Form 990. Schedule D, Part XI, Line 4b The following amounts are included in Non-operating revenue within the Audited Financial Statements, but for purposes of the Form 990 the they are included in revenue on Part VIII: Contributions for plant of $97,229; Federal and Non federal funding for plant of $105,852 and $2,413,812; Endowment interest & dividends of $633,550; and Endowment realized gains of $973,362. Schedule D, Part XII, Line 4b Financial aid of $1,424,071 included within "Tuition, net" revenue on the Audited Financial Statements, but presented as an expense for the purpose of the Form 990. 1 Europe (including Iceland and Greenland) 0 0 Program Services Grants and scholarship assistance 314913 South America 0 0 Program Services Scholarship assistance 178153 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Grants and scholarship assistance 133988 East Asia and the Pacific 0 0 Program Services Scholarship assistance 110860 Sub-Saharan Africa 0 0 Program Services Scholarship assistance 63509 South Asia 0 0 Program Services Scholarship assistance 60160 Middle East and North Africa 0 0 Program Services Grants and scholarship assistance 35825 Central America and the Caribbean 0 0 Program Services Scholarship assistance 16681 Russia and the newly independent States 0 0 Program Services Scholarship assistance 3932 0 0 918021 North America (including Canada and Mexico, but not the United States) Research 45353 EFT Middle East and North Africa Research 19364 EFT Europe (including Iceland and Greenland) Research 15332 EFT 3 0 Scholarship and Research Award Europe (including Iceland and Greenland) 62 299582 Scholarship South America 35 178153 Scholarship East Asia and the Pacific 26 110860 Scholarship and Research Award North America (including Canada and Mexico, but not the United States) 22 88635 Scholarship Sub-Saharan Africa 11 63509 Scholarship South Asia 17 60160 Scholarship Central America and the Caribbean 3 16681 Scholarship Middle East and North Africa 5 16461 Scholarship Russia and the newly independent States 1 3932 0 0 0 0 0 0 Schedule F, Part I, Line 2 For subawards to institutions outside the United States, a budget, including the budget for the subaward, is prepared by the Office of Sponsored Programs (OSP) and forwarded to the prime funding agency for approval. When approval is received, an agreement between the MBL and the subawardee is prepared. The agreement is required to include a budget, justification and description of work to be completed. Additional information such as an annual audit report may be requested as applicable. This agreement must be approved and signed by a signatory official of the subawardee. Additional reporting is required of all foreign subawards including itemized invoices with detailed justification of charges to verify their appropriateness and reasonableness and prepared on a basis comparable to Generally Accepted Accounting Principles (GAAP) of the United States of America. Invoices are reviewed by OSP and then forwarded to the MBL Principle Investigator (PI) for review, approval, and certification that they have been monitoring the progress of the project each time an invoice is approved. Approved invoices are forwarded to MBL Financial Services for processing. MBL may also require progress reports the same as stipulated by the prime agreement and the MBL PI. 1 Yale University 105 Wall St New Haven CT 06511 060646973 501(c)(3) 669983 Research University of Chicago 5801 South Ellis Ave Chicago IL 60637 362177139 501(c)(3) 503161 Research University of Texas at Dallas 800 West Campbell Rd AD15 Richardson TX 75080 751305566 Government 182540 Research Woods Hole Oceanographic Inst 569 Woods Hole Rd MS 14 Woods Hole MA 02543 042105850 501(c)(3) 161762 Research Regents of the University of California DBA University of California Berkeley 1608 Fourth St Suite 220 MC 5940 Berkeley CA 94710 946002123 Government 150897 Research Clifford A Goudey & Associates 21 Marlboro St Newburyport MA 01950 007485171 92777 Research Recinto Universitario de Mayaguez PO Box 9000 MAYAGEZ PR 00681 660433761 Government 87076 Research Michigan State University 426 Auditorium Rd Rm 2 East Lansing MI 48824 386005984 Government 82456 Research University of Connecticut 438 Whitney Road Ext Unit 1133 Storrs CT 06269 060772160 Government 81119 Research Clark University 950 Main St Worcester MA 01610 042111203 501(c)(3) 80148 Research Boston University 1 Silber Way Boston MA 02215 042103547 501(c)(3) 73291 Research University of California Irvine Office of Research 160 Aldrich Hall Ivine CA 92697 952226406 Government 71966 Research Villanova University 800 Lancaster Ave Villanova PA 19085 231352688 501(c)(3) 65338 Research Regents of the University of Minnesota 450 McNamara Alumni Center 200 Oak St SE Minneapolis MN 55455 416007513 Government 64813 Research University of New Hampshire 51 College Rd Durham NH 03824 026000937 Government 64526 Research University of Illinois Chicago 809 S Marshfield Ave MC551 Chicago IL 60612 376000511 Government 63510 Research William Marsh Rice University 6100 Main St MS - 16 Houston TX 77005 741109620 501(c)(3) 63257 Research University of Massachusetts Boston 100 Morrissey Blvd Boston MA 02125 043167352 Government 57923 Research University of South Carolina 1600 Hampton St Suite 414 Columbia SC 29208 576001153 Government 46285 Research Massachusetts Audobon Society 208 S Great Rd Lincoln MA 01773 042104702 501(c)(3) 37000 Research University of California Santa Barbara 3227 Cheadle Hall Santa Barbara CA 93106 956006145 Government 35452 Research University of Massachusetts Amherst 120 Tillson Farm Rd Amherst MA 01003 043167352 Government 22654 Research Northeastern University 360 Huntington Ave Boston MA 02115 041679980 501(c)(3) 12563 Research Coastal Ocean Vision Inc 10 Edgerton Dr Suite 2 North Falmouth MA 02556 474941142 8000 Research Nature Conservancy 4245 North Fairfax Dr Suite 100 Arlington VA 22203 530242652 501(c)(3) 5899 Research 22 3 Scholarships 144 710505 Award values are the amount of tuition and housing waived. Research Awards 19 314355 Award values are the amount of lab space and housing waived Schedule I, Part I, Line 2 The Grants Accountant, Controller, and Director of Finance 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 Division of Research staff. Research award applications are reviewed by a committee of internal and external scientists, who meet with the Director of the Division of Research to make their recommendations for the final determination of recipients and award amounts. The Senior Administrator in the Division of Research tracks the awardee's research progress and expenditures through their stay at the MBL, reviewing the required reports that are due one month after completion of the research award term, and ensuring awardees remain within budget. Scholarships are awarded by the Division of Research from grants and contributions received by the MBL, some of which are restricted for specific use. The Director of the Division of Education determines student eligibility and the amount of the scholarship. Awards are first applied to cover tuition costs, and then cover room, board, and travel if the amount awarded is sufficient. X X 0 0 0 0 0 0 0 0 0 Robert J Zimmer Former Chair of the Board of Trustees 0 1426800 0 1500000 0 387258 0 84460 0 24421 0 3422939 0 0 A Paul Alivisatos Chair of the Board of Trustees 0 1209761 0 360000 0 262818 0 271600 0 21608 0 2125787 0 0 Juan J de Pablo Trustee 0 683800 0 127037 0 16849 0 24400 0 39695 0 891781 0 0 Nipam H Patel Director of the MBL 535757 0 0 0 0 0 27000 0 28742 0 591499 0 0 0 Lori Berko Secretary of the MBL Corporation 0 394845 0 133000 0 1436 0 24400 0 14713 0 568394 0 0 Paul E Speer Chief Operating Officer 301891 0 0 0 0 0 25037 0 23444 0 350372 0 0 0 Linda Hyman Director of Education 284217 0 0 0 0 0 26988 0 14371 0 325576 0 0 0 Anne Sylvester Director, Division of Research 280715 0 0 0 0 0 13000 0 0 0 293715 0 0 0 Joshua Rosenthal Senior Scientist 231873 0 0 0 0 0 13000 0 23444 0 268317 0 0 0 Mary S Harrington Treasurer & Director of Finance 220507 0 0 0 0 0 24000 0 23444 0 267951 0 0 0 Sebastien Laye Chief Advancement Officer 0 215611 0 0 0 0 0 17872 0 24371 0 257854 0 0 David B Mark Welch Senior Scientist 189284 0 0 0 0 0 25037 0 43113 0 257434 0 0 0 Scott Koerner Director of Information Technology 179620 0 0 0 0 0 9573 0 35166 0 224359 0 0 0 Jennifer Morgan Director of the Eugene Bell Center 208431 0 0 0 0 0 0 0 11722 0 220153 0 0 0 Marie Russell Director, Facilities and Services 206631 0 0 0 0 0 0 0 11722 0 218353 0 0 0 Walter E Massey Trustee 0 50000 0 0 0 0 0 0 0 0 0 50000 0 0 A Massachusetts Development Finance Agency 043431814 57583RFL4 2006-04-26 34000000 Renovation of facilities and refinancing 0 0 0 A 11995000 0 34629135 0 134301 0 0 0 0 19644135 14985000 0 2008 0 1 1 1 A 0 1 1 0 0 0.0347 0.0013 0.0360 1 0 1 A 0 0 1 0 1 1 Morgan Stanley 30.3 1 0 1 Trans America 1.5 1 0 0 A 1 X 9 132214 Market value X Instrument 1 28740 Appraised value X Equipment 4 87289 Market Value X Supplies 2 15035 Market Value 0 0 1 1 Schedule M, Part I, Line 32b Stock donations are received in the MBL's Morgan Stanley account and sold as soon as possible by Morgan Stanley. 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 to approve or disapprove of certain fundamental decisions concerning the Corporation. Form 990, Part VI, Section A, Line 7a The University as sole member has the power to appoint and remove members of the Board of Trustees. 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 MBL after prior consultation with the MBL's Board of Trustees, and the power to approve or disapprove certain actions taken by the MBL. Form 990, Part VI, Section B, Line 11b Prior to filing the Form 990, members of the Executive Committee and Audit Committee of the Laboratory's Board of Trustees were given an opportunity to review portions of the Form 990 relevant to the areas of oversight of those Committees, allowing them to review the form, provide comments, and ask any questions. Subsequent to the Committees' review, the form is made available to the full Board of Trustees for review prior to filing. Form 990, Part VI, Section B, Line 12c All trustees, officers, senior faculty, senior administrators, and other employees of the Laboratory are subject to conflict of interest policies that among other things, define material financial disclosure of information and specify procedures to be followed in managing these conflicts. The Laboratory's conflict of interest (COI) policies for trustees and officers requires disclosure whenever a trustee or a related party engages in an activity that could be considered a conflict of interest. Trustees are reminded that questions regarding the COI policy may be raised informally and confidentially at any time with the Chair of the Board of Trustees, the Chair of the Nominating and Governance Committee, or the University of Chicago's General Counsel. All trustees must annually disclose actual and potential conflicts of interest by completing a confidential COI Disclosure Statement and Acknowledgement, and these disclosures must be updated as new information becomes available that could affect the trustee's stated interests. The MBL's Director of Finance, in consultation with the Nominating and Governance Committee and Senior MBL and University of Chicago administration, will compile the disclosures into a confidential database. The Chair of the Board of Trustees will also review all disclosed potential conflicts of interest before making Board committee assignments. Regardless of these efforts, Trustees must be alert to any and all potential conflicts. To the extent a potential conflict has not been addressed, it should be brought to the immediate attention of the Chair of the Board, the Chair of the Nominating and Governance Committee, or the University of Chicago's General Counsel. The Trustee should also abstain from participating in or voting on the matter. Actions in this regard will be reflected in any official meeting minutes. The Laboratory requires that employees (MBL staff members) complete a COI statement annually. The statement is reviewed by the Director of Human Resources and the Director of the Division of Research. If it is believed there may be a conflict of interest on any of the statements, it is brought to the attention of the MBL Compliance Committee for resolution. Any MBL staff member who is or will be involved in an MBL business transaction in which a potential for conflict of interest may exist is required to report such potential conflict to the Chief Operating Officer. The MBL shall take action to ensure that the transaction, if it is to proceed, is on fair and reasonable terms and in the best interest of the Laboratory. Someone other than the individual with the conflict must initiate the resolutions for action and make the necessary decisions and control the transaction(s). The individual with the conflict must recuse themselves from the decision-making process. Form 990, Part VI, Section C, Line 19 The Conflict of Interest policy is available on MBL's website. Audited financial statements and Form 990 are available upon request to organization. In addition, audited financial statements, Form 990, and governing documents are available on public websites and the Commonwealth of Massachusetts' website. Form 990, Part XI, Line 9 Adjustments for non-operating activities: decrease in interest rate swap agreement of $995,456; increase for the change in value of annuities of $46,744; increase in post-retirement health care asset value of $563,946; and gain on insurance proceeds of $662,025. UNIVERSITY OF CHICAGO 5801 S ELLIS AVENUE CHICAGO IL 60637 362177139 EDUCATION & RESEARCH IL 501 (C) (3) N/A 0 ARCH DEVELOPMENT CORPORATION 5555 S WOODLAWN AVENUE CHICAGO IL 60637 363485244 TECH TRANSFER IL 501 (C) (3) 12 UNIV OF CHICAGO 0 ASIAN HEALTH COALITION 180 W WASHINGTON ST SUITE 1000 CHICAGO IL 60602 311607193 HEALTHCARE ACCESSIBILITY IL 501 (C) (3) 10 UNIV OF CHICAGO 0 CHAPIN HALL CENTER FOR CHILDREN 1313 E 60th Street CHICAGO IL 60637 362167012 POLICY RESEARCH CENTER IL 501 (C) (3) 7 N/A 0 CHICAGO HOME FOR THE INCURABLES 5801 S ELLIS AVENUE CHICAGO IL 60637 362169138 SUPP RESEARCH IL 501 (C) (3) 12 UNIV OF CHICAGO 0 CHICAGO TUMOR INSTITUTE 5801 S ELLIS AVENUE CHICAGO IL 60637 237136019 SUPP RESEARCH IL 501 (C) (3) 12 UNIV OF CHICAGO 0 COURT THEATRE FUND 5535 S ELLIS AVENUE CHICAGO IL 60637 363203660 SUPP THE ARTS IL 501 (C) (3) 12 UNIV OF CHICAGO 0 FERMI RESEARCH ALLIANCE LLC PO BOX 500 BATAVIA IL 60510 571239010 MANAGE LAB IL 501 (C) (3) 7 N/A 0 HYMEN MILGROM SUPPORTING ORGANIZATION 33 N LASALLE ST SUITE 2131 CHICAGO IL 60602 466789522 SUPP EDUCATION RESEARCH VA 501 (C) (3) 15 N/A 0 LAKE PARK ASSOCIATES 5801 S ELLIS AVENUE CHICAGO IL 60637 366111317 PROPERTY HOLDING IL 501 (C) (2) UNIV OF CHICAGO 0 NATIONAL OPINION RESEARCH CENTER 55 E MONROE AVENUE CHICAGO IL 60603 362167808 SO SCI SURVEYS IL 501 (C) (3) 7 N/A 0 THE JOHN CRERAR FOUNDATION 5730 S ELLIS AVENUE CHICAGO IL 60637 363155157 SUPPORT THE LIBRARY IL 501 (C) (3) 15 N/A 0 THE QUADRANGLE CLUB 5801 S ELLIS AVENUE CHICAGO IL 60637 361655190 SOCIAL CLUB IL 501 (C) (7) UNIV OF CHICAGO 0 UCHICAGO RESEARCH INTERNATIONAL LTD 5801 S ELLIS AVENUE CHICAGO IL 60637 262741573 RESEARCH IL 501 (C) (3) 12 UNIV OF CHICAGO 0 UNIV OF CHGO BOOTH SCHL OF BUSINESS One Bartholomew Close Barts Square LONDON UK EC1A 7BL EDUCATION UK UNIV OF CHICAGO 0 UNIV OF CHGO BOOTH SCHL OF BUSINESS 101PENANG RD 238466 SINGAPORE SN EDUCATION SN UNIV OF CHICAGO 0 UNIV OF CHGO FOUNDATION IN HONG KONG LTD RM100 FAR EAST CTR CO WM FAN and Co HONG KONG HK FUNDRAISING HK UNIV OF CHICAGO 0 UNIV OF CHICAGO CHARTER SCHOOL CORP 5801 S ELLIS AVENUE CHICAGO IL 60637 364225812 EDUCATION IL 501 (C) (3) 2 UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO CANCER RESEARCH FOUNDATION 5801 S ELLIS AVENUE CHICAGO IL 60637 366056201 SUPP RESEARCH IL 501 (C) (3) 12 UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO CENTER IN PARIS 6 RUE THOMAS MANN 75013 PARIS FR EDUCATION FR UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO CLOISTERS CLUB 1212 E 59TH STREET CHICAGO IL 60637 SOCIAL CLUB IL UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO MEDICAL CTR 5841 S MARYLAND AVENUE CHICAGO IL 60637 363488183 HOSPITAL IL 501 (C) (3) 3 UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO PROPERTY HOLDING CORP 5801 S ELLIS AVENUE CHICAGO IL 60637 366108743 PROPERTY HOLDING IL 501 (C) (2) UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO RETIREE MEDICAL TRUST 5801 S ELLIS AVENUE CHICAGO IL 60637 363999692 MEDICAL TRUST IL 501 (C) (3) 12 UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO SELF INSURANCE TRUST 5801 S ELLIS AVENUE CHICAGO IL 60637 363020034 MALPRACTICE TRUST IL 501 (C) (3) 12 UNIV OF CHICAGO 0 UNIVERSITY OF CHICAGO TRUST (INDIA) L-9 East Wing Raheja Towers Mg Road BANGALORE IN 560001 FUNDRAISING IN UNIV OF CHICAGO 0 UCM COMMUNITY HEALTH & HOSPITAL DIVISION INC 208 South LaSalle Street CHICAGO IL 60604 363181170 PROMOTE HEALTHY COMMUNITIES & HEALTHCARE SERVICES IL 501 (C) (3) 13 UNIV OF CHICAGO MEDICAL CENTER 0 UCM CARE NETWORK MEDICAL GROUP INC 5841 S Maryland Ave CHICAGO IL 60637 474221241 HEALTHCARE IL 501 (C) (3) University of Chicago Medicine Care Network LLC SOUTH EAST CHICAGO COMMISSION 1511 East 53rd Street CHICAGO IL 60615 362226282 ECONOMIC DEVELOPMENT IL 501 (C) (3) UNIV OF CHICAGO UChicago (Beijing) Consulting Co LTD Unit 1-10 Culture Place Remmin University Beijing CH Consulting CH University of Chicago C UChicago Center in India Private Limited Unit 5-10 Grd Fl DLF Capital Point Baba Khara Singh Marg New Delhi IN Consulting IN University of Chicago C SC Curriculum Inc 70 West Madison Street Chicago IL 60602 Science curriculum IL University of Chicago C Phoenix Overlay Fund Ltd 401 N Michigan Ave Chicago IL 60611 Investing CJ University of Chicago C UChicago Medicine Northwest Indiana Inc 5841 S Maryland Ave Chicago IL 60637 922355855 Healthcare IN University Of Chicago Medical Center C Charitable Remainder Trusts (75) 5801 S Ellis Avenue Chicago IL 60637 Charitable Remainder Trust IL University of Chicago C Charitable Lead Trust (0) 5801 S Ellis Avenue Chicago IL 60637 Charitable Lead Trust IL University of Chicago C Pooled Income Fund (1) 5801 S Ellis Avenue Chicago IL 60637 Pooled Income Fund IL University of Chicago C 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 UNIVERSITY OF CHICAGO c 13557492 The amounts received by MBL represents $12,000,000 for operational support and $1,557,492 for specific programmatic activities. UNIVERSITY OF CHICAGO m 0 The University performs fundraising services by including MBL within online solicitations and some major donor solicitations. UNIVERSITY OF CHICAGO o 0 MBL's dedicated Chief Advancement Officer is funded by the University of Chicago. UNIVERSITY OF CHICAGO q 0 The University of Chicago holds courses and conducts occasional research at the MBL and reimburses MBL at standard rates for meeting room and laboratory rentals, housing and dining services, and research service purchases. Schedule R, Part II The University of Chicago, a 501(c)(3) organization, is the direct controlling organization of the Marine Biological Laboratory. For purposes of completeness, the following information is provided: The related organizations listed below are disregarded entities of the University of Chicago: UChicago Argonne LLC -68-0628477, 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Manage Lab Legal Domicile: Illinois University of Chicago Foundation Ltd - 98-0525557, 5th FL Alder Castle, 10 Noble, London, United Kingdom Primary Activity: Fundraising Legal Domicile: United Kingdom Theory and Computing Sciences Building Trust - 51-6596577 - 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Research Building Legal Domicile: Illinois UChicago Trading - 30-0517735, 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Investing Legal Domicile: Illinois UChicago Impact LLC - 61-1682394, 1307 E. 60th Street, Chicago, IL 60637 Primary Activity: Education Legal Domicile: Illinois Harper Court Holdings, LLC - 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Holding Company Legal Domicile: Illinois LPA Management LLC - 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Property Management Legal Domicile: Illinois 6014 Cottage Grove LPA Holdings LLC - 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Property Holding Company Legal Domicile: Illinois Center for Research in Security Prices LLC - 105 West Adams Street, Suite 1700, Chicago, Illinois 60603 Primary Activity: Securities Research and Data Legal Domicile: Illinois Harper Court Holdings 2, LLC - 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Holding Company Legal Domicile: Illinois For purposes of completeness, please note the following: The entities listed below are disregarded entities of The University of Chicago Medical Center: UCMC Community Physicians LLC, 5841 S. Maryland Ave., Chicago, IL 60637 EIN: 38-3865637 Primary Activity: Physician Services Legal Domicile: Illinois University of Chicago Medicine Care Network LLC, 5841 S. Maryland Ave., Chicago, IL 60637 EIN: 47-4222269 Primary Activity: Healthcare Legal Domicile: Illinois UCM Global LLC, 5841 S. Maryland Ave., Chicago, IL 60637 EIN: 32-0579811 Primary Activity: International Medical Consulting Legal Domicile: Illinois UCMC On-Campus Mammography Services, LLC f/k/a UCMC-Solis On-Campus Mammography Services, LLC and UCMC Off-Campus Mammography Services, LLC f/k/a UCMC-Solis Off-Campus Mammography Services, LLC were related organizations for a short transition period (March 31, 2023-June 30, 2023) before they were dissolved. Also note: The University of Chicago Medical Center is a less than 50% member in a joint venture with UCMC/SCH Oncology JV LLC, a tax exempt entity, 1850 Silver Cross Blvd, New Lenox, IL 60451, EIN: 32-2436795 And The University of Chicago Medicine Care Network, LLC, a disregarded entity of the University of Chicago Medical Center, is the sole member of the following related entities: UCM Care Network Medical Group Inc. 5841 S. Maryland Ave., Chicago, IL 60637 EIN: 47-4221241 Primary Activity: Healthcare Legal Domicile: Illinois University of Chicago Medicine Care Network Affiliated Physicians LLC, 5841 S. Maryland, Chicago, IL 60637, EIN: 47-4233918 Primary Activity: Healthcare Legal Domicile: Illinois The following entity is a disregarded entity of UChicago Research International, a related entity: UChicago Research Bangladesh LLC, 5801 S. Ellis Avenue, Chicago, IL 60637 Primary Activity: Support Research Legal Domicile: Illinois