2021-03-11T14:07:27-06:00 2020-10-31 KPMG LLP 60 South Street Boston MA 02111 990 2019-11-01 260150662 GORDON RESEARCH CONFERENCES INC % TARYN GROVES MORAN GORD 4017834011 512 LIBERTY LANE WEST KINGSTON RI 028921502 TARYN GROVES MORAN TREAS AND CFO 4013601521 2021-03-10 true STEPHANIE LONCZAK P01880207 6179881000 2021-03-08 2019 2022-09-23 18:48:47Z NANCY RYAN GRAY 512 LIBERTY LANE WEST KINGSTON RI 028921502 61942064 false X WWW.GRC.ORG X 2009 RI GORDON RESEARCH CONFERENCES, INC. PROVIDES THE PRESENTATION AND DISCUSSION OF FRONTIER RESEARCH IN THE BIOLOGICAL, CHEMICAL, PHYSCIAL SCIENCES, & THEIR RELATED TECHNOLOGIES. 15 15 94 15 0 0 9632195 4027688 38099700 6964705 2888026 5237610 13191 36925 50633112 16266928 0 0 0 0 3955533 3348207 0 0 0 42488819 10052218 46444352 13400425 4188760 2866503 71851799 70683357 2532941 466497 69318858 70216860 X GORDON RESEARCH CONFERENCES, INC. PROVIDES AN INTERNATIONAL FORUM FOR THE PRESENTATION AND DISCUSSION OF FRONTIER RESEARCH IN THE BIOLOGICAL, CHEMICAL, AND PHYSICAL SCIENCES. *SEE SCHEDULE O*. false false 8408585 7001630 THE GORDON RESEARCH CONFERENCES PROMOTE DISCUSSIONS AND THE FREE EXCHANGE OF IDEAS AT THE RESEARCH FRONTIERS OF THE BIOLOGICAL, CHEMICAL AND PHYSICAL SCIENCES. SCIENTISTS WITH COMMON PROFESSIONAL INTERESTS COME TOGETHER FOR A FULL WEEK OF INTENSE DISCUSSION AND EXAMINATION OF THE MOST ADVANCED ASPECTS OF THEIR FIELD. THESE CONFERENCES PROVIDE A VALUABLE MEANS OF DISSEMINATING INFORMATION AND IDEAS IN A WAY THAT CANNOT BE ACHIEVED THROUGH THE USUAL CHANNELS OF COMMUNICATION - PUBLICATIONS AND PRESENTATIONS AT LARGE SCIENTIFIC MEETINGS. DURING THE YEAR THERE WERE 32 CONFERENCES AS WELL AS 26 GORDON RESEARCH SEMINARS HELD. 8408585 true true false false false false false false false false true false false false true true false true false true true false false false false false false false false true false false false false false false false false false false false false false true true true false false true 6 0 true 94 true false true HK false false false false false false false false false false X 15 15 false false false false true true true true true false false true true true true true true true true false CA MA NH X X TARYN GROVES MORAN 4013601517 512 LIBERTY LANE WEST KINGSTON RI 02892 Nancy Ryan Gray President and CEO 40.0 10.0 X 694190 0 70274 Sarah Blendermann Chief Operating Officer 40.0 5.0 X 418188 0 61166 Taryn Groves Moran Treasurer and CFO 40.0 5.0 X 315781 0 52238 James David IT Manager 40.0 5.0 X 197771 0 54641 Darlene Armstrong Conf Operations/Grants Manager 40.0 5.0 X 172525 0 41789 David J Glass Chair 1.0 1.0 X 0 0 0 Francis Arnold Vice Chair 1.0 1.0 X 0 0 0 Donald Hilvert Past Chair 1.0 1.0 X 0 0 0 Kristi Anseth Trustee 1.0 1.0 X 0 0 0 Cynthia Burrows Trustee 1.0 1.0 X 0 0 0 Barry Cooperman Trustee 1.0 1.0 X 0 0 0 Dennis A Dougherty Trustee 1.0 1.0 X 0 0 0 Scott D Emr Trustee 1.0 1.0 X 0 0 0 Mark Murcko Trustee 1.0 1.0 X 0 0 0 Monica Olvera de la Cr Trustee (As of Nov 1, 2019) 1.0 1.0 X 0 0 0 Elsa Reichmanis Trustee 1.0 1.0 X 0 0 0 Viola Vogel Trustee 1.0 1.0 X 0 0 0 David Weitz Trustee (As of Nov 1, 2019) 1.0 1.0 X 0 0 0 Albert Cheung-Hoi Yu Trustee 1.0 1.0 X 0 0 0 Sudip Parikh STANDING APPOINTMENT 1.0 1.0 X 0 0 0 Christopher Graham Es Secretary 5.0 5.0 X 0 0 0 1798455 0 280108 5 false true false Slalom LLC DBA Slalom Consulting 399 Boyleston St 1000 Boston MA 02116 Consulting Firm 377758 Locke Lorde LLP 111 Huntington Ave Boston MA 02111 Legal Services 150483 KPMG LLP 60 SOUTH STREET BOSTON MA 02111 Accounting Services 115575 3 953599 3074089 4027688 CONFERENCE FEES & CHARGES 900099 6964705 6964705 6964705 1756504 1756504 0 0 0 0 0 49156242 45675136 3481106 3481106 3481106 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 36925 36925 36925 16266928 7001630 5237610 0 0 0 0 1208945 1208945 0 1498359 64794 1433565 0 189780 189780 302272 302272 148851 6033 142818 0 144220 72110 72110 80661 80661 0 0 162013 162013 0 81300 81300 108175 18349 89826 49552 2934 46618 0 0 660408 638180 22228 0 7606185 7606185 0 0 94808 94808 37578 37578 MISCELLANEOUS 80177 80177 CONSULTANTS 947141 947141 13400425 8408585 4991840 0 X 664822 7084481 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3195477 950440 1073433 2245037 68184740 59348601 0 0 0 0 0 0 1928804 2005238 71851799 70683357 158400 108761 200000 200000 0 0 0 0 0 0 0 0 0 0 0 0 2174541 157736 2532941 466497 X 67298186 66148321 2020672 4068539 69318858 70216860 71851799 70683357 2866503 -1968501 X false true X true true true X 8133677 8990306 10331298 9632195 4027688 41115164 0 0 8133677 8990306 10331298 9632195 4027688 41115164 61729 41053435 1259369 1259185 1683452 2205509 1763101 8170616 0 46554 19229 11848 13191 36925 127747 49413527 149027329 0.83081 0.84799 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 131612 131612 1644932 865167 779765 1418933 85273 1333660 2245037 0 ADVANCE CONFERENCE PAYMENTS 157736 157736 X UNCERTAIN TAX POSITIONS PART X, LINE 2 GRC is a tax-exempt organization as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and is generally exempt from income taxes on related income pursuant to Section 501(a) of the Code. GRC recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount that is greater than fifty percent likely of being realized upon settlement. Changes in recognition in measurement are reflected in the period in which the change in judgment occurs. GRC did not recognize the effect of any income tax positions in either 2020 or 2019. Europe (Including Iceland and Greenland) 0 3 Program Services CONFERENCE SITES 2220194 0 3 0 3 2220194 2220194 true false true false false false X true true X X X X true false false false false false false true false Nancy Ryan Gray President and CEO 502440 0 166750 0 25000 0 30800 0 39474 0 764464 0 0 0 Sarah Blendermann Chief Operating Officer 160774 0 76489 0 180925 0 26099 0 35067 0 479354 0 0 0 Taryn Groves Moran Treasurer and CFO 256124 0 59657 0 0 0 30800 0 21438 0 368019 0 0 0 James David IT Manager 158413 0 14358 0 25000 0 21755 0 32886 0 252412 0 0 0 Darlene Armstrong Conf Operations/Grants Manager 158468 0 14057 0 0 18978 0 22811 0 214314 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL UPON BOARD OF TRUSTEES APPROVAL, GRC President and CEO and other key personnel can travel first class. Conditions for approval are that the employee is traveling overnight and expected to work the next day. Part I, Line 4A Severance Sarah Blendermann left Gordon Research Conferences employment on May 31, 2019 and received a severance package that was paid out bi-weekly from 6/1/2019 to 2/21/2020. Gordon Research Conferences continued to pay for Health and Dental benefits through 10/31/2019 until Sarah Blendermann found new employment. As part of her separation agreement, Sarah Blendermann received severance of $180,925, which was included in her W-2 and reported on Schedule J, Part II, Column B(III). Part I, Line 7 NON-FIXED PAYMENTS THE BOARD OF TRUSTEES HAS DISCRETION IN DETERMINING THE AMOUNT OF BONUS COMPENSATION PAID TO EMPLOYEES. PLEASE REFER TO SCHEDULE O (NARRATIVE FOR FORM 990, PART VI, LINE 15) FOR ADDITIONAL INFORMATION ON THE ORGANIZATION'S BONUS COMPENSATION PROGRAM. Part II, Column (B)(iii) Other Reportable Compensation Amounts in this column represent employee 403(b) contributions. MISSION STATEMENT FORM 990, PART III, LINE 1 IN SUPPORT OF THIS MISSION STATEMENT, THE GRC BOARD OF TRUSTEES IS COMMITTED TO: PROVIDING A SERVICE TO THE RESEARCH AND DEVELOPMENT COMMUNITY IN THE BIOLOGICAL, CHEMICAL, OR PHYSICAL SCIENCES THROUGH THE ORGANIZATION AND SUPPORT OF SCIENTIFIC CONFERENCES. EACH GORDON RESEARCH CONFERENCE HAS A RECURRING THEMATIC TOPIC AND STRIVES TO BE THE OVERALL BEST MEETING IN ITS FIELD. A CONFERENCE PROGRAM MAY EXTEND TO RELATED SUBJECTS IN AREAS SUCH AS INDUSTRIAL TECHNOLOGY, THE ENVIRONMENTAL SCIENCES, GEOLOGY, MEDICINE, COMPUTATION, SCIENCE EDUCATION, AND PUBLIC POLICY. PROVIDING AN OPEN APPLICATION PROCESS FOR ATTENDANCE AT GRC BY ACTIVE SCIENTISTS, TECHNOLOGISTS, AND EDUCATORS FROM ACADEMIA, GOVERNMENT, AND INDUSTRY. ASSURING A FORMAT AND SITE LOCATIONS THAT ENCOURAGE EXTENSIVE FORMAL AND INFORMAL DISCUSSION AND A SENSE OF COMMUNITY AMONG THE ATTENDEES. PLACING A PREMIUM ON THE "OFF THE RECORD" PRESENTATION OF PREVIOUSLY UNPUBLISHED SCIENTIFIC RESULTS AND ON THE CONSEQUENT AD HOC PEER DISCUSSION. USING THE GRC AS A POSITIVE INFLUENCE ON THE CULTURE OF SCIENCE AS REFLECTED IN OPENNESS TO A DIVERSITY OF NEW IDEAS AND CONCEPTS, OUTREACH TO GLOBAL SCIENCE, AND ESTABLISHMENT OF AN EGALITARIAN ENVIRONMENT FOR SCIENTIFIC DEBATE. PROVIDING A FORUM FOR CAREER NETWORKING AND CAREER ADVANCEMENT. SUPPORTING AND ENCOURAGING YOUNG SCIENTISTS AS THEY ESTABLISH INITIAL SCIENTIFIC AND PERSONAL CONTACTS. MAINTAINING A "BOTTOM-UPOPEN GOVERNANCE PROCESS AT ALL LEVELS OF THE GRC ORGANIZATION, INCLUDING ESTABLISHING NEW CONFERENCES, AND REVIEWING AND GOVERNING RECURRENT CONFERENCES. PROVIDING A FORUM FOR THE SYNTHESIS AND EVALUATION OF NEW CONCEPTS AS A MEANS TO CLARIFY AND CRYSTALLIZE NEW RESEARCH DIRECTIONS. MAKING THE GRC AVAILABLE TO THE WORLDWIDE SCIENTIFIC COMMUNITY AND ASSURING THAT THE GRC IS RESPONSIVE TO THE NEEDS OF A DIVERSITY OF SCIENTIFIC CULTURES AND INTERESTS. COUNCIL MEMBERS FORM 990, PART VI, LINE 6, 7A & 7B GORDON RESEARCH CONFERENCES HAS A COUNCIL WHERE THE CONFERENCE CHAIRPERSON FROM EACH CONFERENCE IS A COUNCIL MEMBER. THE COUNCIL MEETS ELECTRONICALLY ONCE PER YEAR TO VOTE ON THE BOARD MEMBERS AND TO RECEIVE THE PRESIDENT'S ANNUAL REPORT. THE COUNCIL MEMBERS CHANGE EACH YEAR WITH THE CONFERENCE CHAIRPERSONS. BELOW IS AN EXCERPT FROM GORDON RESEARCH CONFERENCES' BY-LAWS REGARDING THE COUNCIL: THE CORPORATION SHALL HAVE MEMBERS WHO SHALL BE ADMITTED TO MEMBERSHIP IN ACCORDANCE WITH THESE BY-LAWS. THE CORPORATION SHALL HAVE A COUNCIL (THE COUNCIL), THE MEMBERS OF WHICH SHALL BE THE MEMBERS OF THE CORPORATION (EACH, A COUNCIL MEMBER). THE COUNCIL SHALL HAVE THE POWERS AND DUTIES SET FORTH IN THIS ARTICLE III. ALL COUNCIL MEMBERS SHALL BE NATURAL PERSONS WHO MAY BE ADMITTED TO MEMBERSHIP UNDER ANY ONE OF THE FOLLOWING PROCEDURES, AS APPLICABLE: (A) THE BOARD OF TRUSTEES MAY, IN ITS DISCRETION, GRANT ANY FOUNDING MEMBER THE PRIVILEGE OF APPOINTING ONE MEMBER OF THE COUNCIL AS A REPRESENTATIVE OF SUCH FOUNDING MEMBER FOR SUCH TERM AS THE BOARD MAY DETERMINE. (B) EACH CONFERENCE SHALL APPOINT ONE MEMBER OF THE COUNCIL AS SUCH CONFERENCE'S REPRESENTATIVE. ANY SUCH REPRESENTATIVE OF A CONFERENCE SHALL BE THE CHAIR OR CO-CHAIR OF THE CONFERENCE, ELECTED TO SUCH OFFICE DURING A MEETING OF SUCH CONFERENCE TO SERVE THROUGH CONCLUSION OF THE NEXT FOLLOWING MEETING OF SUCH CONFERENCE OR IF THE CHAIR OR CO-CHAIRS OF SUCH CONFERENCE SHALL NO LONGER BE ABLE TO SERVE IN SUCH CAPACITY, THE DULY ELECTED VICE CHAIR OR CO-VICE CHAIR SHALL SERVE AS THE CONFERENCE'S REPRESENTATIVE TO THE COUNCIL FOR THE REMAINDER OF SUCH TERM OF OFFICE. EACH CONFERENCE REPRESENTATIVE WILL SERVE ON THE COUNCIL UNTIL THE NEXT MEETING OF THE CONFERENCE AND HIS OR HER SUCCESSOR IS DULY ELECTED. (C) EACH MEMBER OF THE BOARD OF TRUSTEES SHALL BE COUNCIL MEMBER DURING SUCH TRUSTEE'S TERM ON THE BOARD OF TRUSTEES AND FOR TWO YEARS AFTER THE EXPIRATION OF SUCH TERM. (D) EACH MEMBER OF THE SELECTION AND SCHEDULING COMMITTEE SHALL BE A COUNCIL MEMBER DURING SUCH MEMBER'S TERM ON THAT COMMITTEE. (E) THE PRESIDENT AND CEO SHALL BE EX OFFICIO, EXECUTIVE SECRETARY OF THE COUNCIL AND SHALL BE MEMBER OF THE COUNCIL. FORM 990 REVIEW PROCESS FORM 990 PART VI LINE 11B DATA IS COLLECTED AND PREPARED BY THE FINANCIAL OPERATIONS MANAGER ("FOM"). THE FOM FORWARDS THE INFORMATION TO KPMG, WHO COMPLETES THE RETURN USING THIS MATERIAL AS WELL AS THE ISSUED FINANCIAL STATEMENTS. THE COMPLETED RETURN IS REVIEWED BY THE FOM AND IS PROVIDED TO THE PRESIDENT FOR REVIEW AND DISCUSSION. THE DRAFT OF THE 990 RETURN IS FORWARDED VIA E-MAIL ATTACHMENT TO THE GRC BOT, INCLUDING FINANCE AND AUDIT COMMITTEES, FOR TRUSTEE REVIEW. COMMENTS, IF ANY, ARE FORWARDED BACK TO THE FOM AND PRESIDENT AND, IF NEEDED, ARE ADDRESSED. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE GRC CONFLICT OF INTEREST POLICY COVERS MEMBERS OF GRC'S BOARD OF TRUSTEES, OFFICERS AND SENIOR EMPLOYEES HAVING DECISION-MAKING AUTHORITY. AS A MATTER OF PRACTICE, GRC ALSO ASKS NON-ELECTED MEMBERS OF BOARD COMMITTEES TO COMPLETE CIP FORM. UPON ELECTION OF THE BOARD OF TRUSTEES OR GRC OFFICERS, OR UPON HIS OR HER HIRE, INDIVIDUALS COVERED BY THE POLICY ARE ASKED TO REVIEW THE POLICY AND COMPLETE THE CONFLICT QUESTIONNAIRE, SIGNING AND RETURNING THE COMPLETED QUESTIONNAIRE TO GRC'S COUNSEL. EVERY 12 MONTHS, EACH INDIVIDUAL IS ASKED TO REVIEW THE POLICY, COMPLETE ANY REQUIRED DISCLOSURE, AND SIGN A NEW QUESTIONNAIRE. A COPY OF THE POLICY IS SENT TO EACH COVERED PERSON AT THE TIME SUCH REQUEST IS MADE. GRC'S COUNSEL IS RESPONSIBLE FOR COLLECTING THE COMPLETED QUESTIONNAIRES AND ENSURING THEY HAVE BEEN UPDATED ANNUALLY. A COMPILATION OF ALL COMPLETED FORMS, AND THEIR DATE OF LAST COMPLETION, IS MAINTAINED AT THE OFFICES OF COUNSEL. COUNSEL REVIEWS ALL COMPLETED QUESTIONNAIRES TO IDENTIFY ANY DISCLOSURE MADE BY ANY COVERED PERSON. IF THERE ARE DISCLOSURES MADE, COUNSEL MAKES A PRELIMINARY DETERMINATION OF WHETHER A CONFLICT COULD EXIST. IF COUNSEL BELIEVES THERE COULD BE A CONFLICT, COUNSEL THEN BRINGS THE DISCLOSURE TO THE PRESIDENT (UNLESS THE PRESIDENT HAS MADE THE DISCLOSURE) AND THE CORPORATE GOVERNANCE COMMITTEE OF THE BOARD FOR A DETERMINATION BY THE COMMITTEE AS TO WHETHER A CONFLICT MAY EXIST OR DISCLOSURE SHOULD BE MADE TO THE FULL BOARD. THE COMMITTEE IS TO ADVISE THE BOARD AT EACH MEETING IF THERE ARE ANY ISSUES TO BE ADDRESSED. IF A DISCLOSURE IS MADE IN A QUESTIONNAIRE THAT COUNSEL OR THE COMMITTEE DETERMINE IS NOT A POSSIBLE CONFLICT, THE COMMITTEE HAS NO OBLIGATION TO REPORT SUCH DISCLOSURE TO THE FULL BOARD. IF A DISCLOSURE IS DETERMINED BY COUNSEL OR THE COMMITTEE TO BE A POSSIBLE CONFLICT, DISCLOSURE IS MADE TO THE ENTIRE BOARD. THE POSSIBLY CONFLICTED PERSON IS TO LEAVE THE MEETING IF THE CONFLICT IS TO BE VOTED UPON. DISINTERESTED MEMBERS OF THE BOARD WILL VOTE ON WHETHER A CONFLICT EXISTS. IT IS POSSIBLE THAT COUNSEL OR THE COMMITTEE WILL DETERMINE THAT A DISCLOSURE DOES NOT GIVE RISE TO POSSIBLE CONFLICT, BUT THE COMMITTEE WILL BRING THE DISCLOSURE TO THE FULL BOARD TO ENSURE THE BOARD IS APPRISED OF THE MATTER. IF A CONFLICT EXISTS, THE BOARD WILL EVALUATE ANY PROPOSED TRANSACTION INVOLVING THE CONFLICTED PERSON IN ACCORDANCE WITH THE POLICY'S PROCEDURES. COMPENSATION POLICY FORM 990, PART VI, LINE 15A THE GRC COMPENSATION POLICY IS TO BE MARKET COMPETITIVE WITH OUR PEER GROUP IN THE NOT FOR PROFIT SECTOR AND TO PAY FOR PERFORMANCE IN ORDER TO ATTRACT, RETAIN AND MOTIVATE HIGH-QUALITY EMPLOYEES. TO ACHIEVE THIS END THE GRC WILL HAVE A COMPENSATION PLAN THAT INCLUDES A FIXED SALARY, A BONUS OPPORTUNITY, AND COMPETITIVE BENEFITS. SALARY CHANGE AND BONUS SHALL BE BASED ON AN ANNUAL REVIEW OF EACH EMPLOYEE'S ACCOMPLISHMENTS VS. EXPECTATIONS AS SET FORTH IN THE GRC PERFORMANCE MANAGEMENT SYSTEM. A BASE SALARY RANGE WILL BE ESTABLISHED FOR EACH POSITION WITH A BASE SALARY TARGET AND A MINIMUM BASE SET AT 80% OF THE BASE SALARY TARGET. WHILE THE BASE SALARY TARGET WILL NOT BE A MAXIMUM, GENERALLY BASE SALARY WILL BE PAID BETWEEN MINIMUM AND THE TARGET. THE PRESIDENT WILL HAVE A STANDARD PERFORMANCE BONUS OPPORTUNITY OF 15% OF BASE SALARY AND A MAXIMUM BONUS OPPORTUNITY OF UP TO 30% OF BASE SALARY FOR OUTSTANDING PERFORMANCE. THE OTHER MANAGERS WILL HAVE A STANDARD PERFORMANCE BONUS OPPORTUNITY OF 10% OF BASE SALARY AND A MAXIMUM BONUS OPPORTUNITY OF UP TO 20% OF BASE SALARY FOR OUTSTANDING PERFORMANCE. IN 2019, THE BOARD OF TRUSTEES APPROVED THE OPTION FOR UP TO AN EXTRA 5% BONUS FOR OUTSTANDING OPERATIONAL PERFORMANCE. THE BASE SALARY RANGES WILL BE DESIGNED SO THAT THE BASE SALARY TARGET, PLUS THE MAXIMUM BONUS OPPORTUNITY (FOR OUTSTANDING PERFORMANCE), PLUS THE VALUE OF THE BENEFITS OFFERED, WILL APPROXIMATE COMPENSATION FOR the THIRD QUARTILE. IF A MANAGER IS PAID BELOW THE BASE SALARY TARGET AND RECEIVES A STANDARD PERFORMANCE BONUS RATHER THAN AN OUTSTANDING PERFORMANCE BONUS, THE EXECUTIVE WILL BE PAID CLOSE TO THE MEDIAN OF THE Marketplace. BENEFITS SHALL BE WHAT ARE REASONABLE AND EXPECTED IN THE PROVIDENCE AREA MARKET. THE COMPENSATION COMMITTEE (CC) OF GRC MAY HIRE AN OUTSIDE CONSULTANT AS APPROPRIATE TO ASSIST IN REVIEW OF THE ANNUAL COMPENSATION PLAN AND TO PROVIDE AN INTERMEDIATE SANCTIONS OPINION. A DETAILED ANALYSIS OF SALARY RANGES IN OUR PEER GROUP FOR POSITIONS COMPARABLE TO THE TOP FIVE POSITIONS AT GRC SHOULD BE PERFORMED AT LEAST EVERY 3RD YEAR. PROCESS: 1. ANNUALLY THE EC SHALL RECOMMEND TO THE CC A SALARY AND BONUS FOR THE PRESIDENT OF GRC BASED ON PERFORMANCE. 2. ANNUALLY THE PRESIDENT OF GRC SHALL RECOMMEND TO THE CC SALARIES AND BONUSES FOR THE PRESIDENT'S DIRECT REPORTS BASED ON PERFORMANCE. 3. ANNUALLY THE PRESIDENT OF GRC SHALL RECOMMEND TO THE CC COMPENSATION AND BONUS POOL FOR ALL OTHER STAFF BASED ON PERFORMANCE. 4. ANNUALLY THE CC WILL CONSIDER THESE RECOMMENDATIONS AND PREPARE A MOTION COVERING THE COMPENSATION FOR THE PRESIDENT, THE CFO AND THE COO AND THE TOTAL OF ALL OTHER COMPENSATION FOR CONSIDERATION AND ACTION BY THE BOARD OF TRUSTEES, AT ITS SPRING MEETING. ADDITIONALLY, GORDON RESEARCH CONFERENCES MEETS ALL THREE REQUIREMENTS OF THE REBUTTABLE PRESUMPTION STANDARD AS SET FORTH IN TREASURY REGULATION SECTION 53.4958-6(A) BECAUSE IT: 1. HAS AN INDEPENDENT BODY THAT REVIEWS AND APPROVES COMPENSATION, 2. USES INDEPENDENT COMPENSATION COMPARABILITY DATA OBTAINED FROM AN OUTSIDE FIRM, 3. ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FORM COMPENSATION DETERMINATIONS CONCURRENTLY WITH MAKING SUCH DETERMINATIONS.DETERMINATIONS CONCURRENTLY WITH MAKING SUCH DETERMINATIONS. PUBLIC DISCLOSURE FORM 990, PART VI LINE 19 UPON REQUEST, INDIVIDUALS ARE DIRECTED TO WWW.GUIDESTAR.ORG, OR PROVIDED A COPY OF THE MOST RECENTLY FILED FORM 990 VIA EMAIL ATTACHMENT OR A PAPER COPY VIA US POSTAL SERVICE. GORDON RESEARCH CONFERENCES (HONG KONG) C/O LISTER LO LUI CHOY2703 27/F THE CENTER QUEENS ROAD CENTRAL HK EDUC. CONFER. HK 501 (C) (3) GRC INC true false false false true false false false false false false false false false false false false true false false GORDON RESEARCH CONFERENCES (HONG KONG) D 1126532 CASH