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Dues of $960 have been specifically identified as pertaining to lobbying. false true X 599708067 39030414 3241258 25931007 616048732 567308036 34568695 26631120 28799784 599708067 520262375 46565971 27643695 27164005 567308036 512583650 6353339 1325386 520262375 451866849 53364300 7352501 512583650 1.00000 true false 25000000 25000000 293732104 14650765 279081339 38917362 26948437 11968925 150194686 106599213 43595473 615364 0 615364 360261101 FUND OF FUNDS 353330520 F 353330520 363890546 -10719515 20284110 9564595 354325951 1580156 -760855 819301 355145252 316752282 85170 760855 846025 315906257 1580156 1580156 317486413 AGENCY FUNDS SCHEDULE D, PART IV, LINE 2b THE BROAD INSTITUTE IS AN AGENT FOR FUNDS OF THE STARR CANCER CONSORTIUM (SCC) WHICH ARE INCLUDED ON FORM 990, PART X, LINE 2. AN OFFSETTING LIABILITY IS REPORTED FOR THE SAME AMOUNT ON FORM 990, PART X, LINE 21. THE SCC IS A COLLABORATIVE RESEARCH FRAMEWORK AMONG FIVE INSTITUTIONS INCLUDING THE BROAD INSTITUTE. ENDOWMENT SCHEDULE D, PART V, LINE 4 THE BROAD INSTITUTE'S ENDOWMENT FUNDS ARE USED TO SUPPORT THE INSTITUTE'S PRIMARY RESEARCH MISSION OF GENOMIC-BASED SCIENTIFIC RESEARCH. OTHER LIABILITIES SCHEDULE D, PART X, LINE 2 THE BROAD INSTITUTE DOES NOT HAVE A FIN 48 (ASC 740) STATEMENT. RECONCILIATION OF REVENUE/EXPENSES SCHEDULE D, PART XI, 2D THE INSTITUTE HAS A BENEFICIAL INTEREST IN TRUST. THE INSTITUTE RECOGNIZES ITS INTEREST IN THE TRUST WITH CHANGES RECOGNIZED IN NONOPERATING ACTIVITIES OF THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, 4B AND PART XII, 2D LOSSES ON ASSET SALES OF $714,261 AND RENTAL EXPENSES OF $46,594 ARE REPORTED AS EXPENSES IN THE INSTITUTE'S FINANCIAL STATEMENTS. true North America Grantmaking Research 696600 Europe (Including Iceland and Greenland) Grantmaking Research 512700 East Asia and the Pacific Grantmaking Research 472366 Middle East and North Africa Grantmaking Research 170790 Europe (Including Iceland and Greenland) 1 Program Services Research 112588 Middle East and North Africa 1 Program Services Research 97106 East Asia and the Pacific 1 Program Services Research 54549 3 3 2116699 2116699 East Asia and the Pacific Subaward 433292 WIRE East Asia and the Pacific Subaward 39074 CHECK Europe (Including Iceland and Greenland) Subaward 392535 WIRE Europe (Including Iceland and Greenland) Subaward 100665 WIRE Europe (Including Iceland and Greenland) Subaward 41000 WIRE Europe (Including Iceland and Greenland) Subaward 38000 WIRE Europe (Including Iceland and Greenland) Subaward 12500 CHECK Middle East and North Africa Subaward 170790 CHECK North America Subaward 633431 WIRE North America Subaward 31741 CHECK North America Subaward 31428 CHECK 8 3 true false true true false false SCHEDULE F PART I LINE 2 The Institute assigns responsibility for monitoring the use of grant funds outside of the United States to its Office of Sponsored Research. 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THIS OFFICE MONITORS ALL GRANT MAKING ACTIVITY INCLUDING ALL APPLICABLE COMPLIANCE REGULATIONS. MONITORING INCLUDES PERIODIC REVIEWS OF BUDGET TO ACTUAL REPORTS BY BOTH THE OFFICE OF SPONSORED RESEARCH AND THE PRINCIPAL INVESTIGATOR TO ENSURE FUNDS ARE USED ACCORDING TO THE AGREEMENT. EXPENSES ARE ACCOUNTED FOR ON AN ACCRUAL BASIS. X X X X false true X X X X X true true false false false false false true false ERIC S LANDER DIRECTOR, PRESIDENT & CEO 834417 0 0 0 90957 0 128335 0 21487 0 1075196 0 0 0 JUSTINE LEVIN-ALLERHAND CHIEF DEVELOP/CLERK (BEG 5/14) 327911 0 40000 0 17719 0 23250 0 27957 0 436837 0 0 0 SAMANTHA SINGER COO & TREASURER (BEG 8/14) 362560 0 0 0 1988 0 0 0 22896 0 387444 0 0 0 ALAN FEIN DEPUTY DIR/EVP/CLERK (UNT 5/14 489754 0 0 0 70212 0 47981 0 22177 0 630124 0 0 0 DIANE MACDONALD CFO & TREASURER (UNT 8/14) 248130 0 0 0 194741 0 21750 0 22659 0 487280 0 0 0 BRIAN HUBBARD DIR. 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FIRST-CLASS TRAVEL FOR OFFICERS AND CERTAIN EMPLOYEES OCCURS ON OVERSEAS FLIGHTS AND IN OTHER LIMITED SITUATIONS. THIS TRAVEL IS FOR BUSINESS PURPOSES, THEREFORE, THE VALUE IS NOT TREATED AS TAXABLE WAGES. THE PRESIDENT/CEO AND CHIEF DEVELOPMENT OFFICER WERE THE ONLY LISTED INDIVIDUALS WHO USED FIRST-CLASS TRAVEL DURING THE YEAR ENDED JUNE 30, 2015. THE INSTITUTE PAID SIX MONTHS OF OUTPLACEMENT SERVICES IN 2014 TO ASSIST THE FORMER CFO WITH THE LISTED INDIVIDUAL'S JOB SEARCH. THE VALUE WAS NOT TREATED AS TAXABLE WAGES IN ACCORDANCE WITH IRS GUIDELINES. SEVERANCE PAYMENT FORM 990, SCHEDULE J, LINE 4A IN ACCORDANCE WITH THE SEVERANCE AGREEMENT DATED MAY 28, 2014, DIANE MACDONALD RECEIVED MONTHLY SEVERANCE PAY AND BENEFITS FROM SEPTEMBER 1, 2014 TO MAY 15, 2015. TOTAL SEVERANCE PAID THROUGH DECEMBER 31, 2014 WAS $145,333, INCLUDING BENEFITS OF $8,177. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FORM 990, SCHEDULE J, LINE 4B AS AN ELEMENT OF HIS AMENDED AND RESTATED EMPLOYMENT CONTRACT EFFECTIVE JULY 1, 2014, THE PRESIDENT/CEO WILL BE ENTITLED TO RECEIVE LUMP SUM PAYMENTS ON JUNE 30, 2018 AND 2019 IF HE REMAINS IN THE POSITION OF CORE FACULTY MEMBER OF THE BROAD INSTITUTE. ALAN FEIN AND DIANE MACDONALD RECEIVED PAYMENT FROM THE INSTITUTE'S 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN IN JULY 2014 IN THE AMOUNTS OF $50,000 AND $25,000, RESPECTIVELY. NON-FIXED PAYMENTS FORM 990, SCHEDULE J, LINE 7 NON-FIXED PAYMENTS INCLUDE PERFORMANCE BONUSES, WHICH WERE GIVEN TO A CERTAIN OFFICER. 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ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 THE INSTITUTE'S MISSION IS TO PROPEL PROGRESS IN BIOMEDICINE THROUGH RESEARCH AIMED AT THE UNDERSTANDING AND TREATMENT OF DISEASE, AND THE DISSEMINATION OF SCIENTIFIC KNOWLEDGE FOR THE PUBLIC GOOD. VOLUNTEERS FORM 990, PART I, LINE 6 THE BROAD INSTITUTE DOES NOT FORMALLY TRACK VOLUNTEERS BUT HAS INCLUDED THE NUMBER OF BOARD MEMBERS AND COMMITTEE MEMBERS OF THE BOARD OF DIRECTORS THAT ARE UNCOMPENSATED. STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A THE BROAD INSTITUTE OPERATES FOR EDUCATIONAL AND SCIENTIFIC PURPOSES AND IS A RESEARCH INSTITUTION AIMED AT PROPELLING THE TRANSFORMATION OF MEDICINE, BY BRINGING POWERFUL NEW APPROACHES TO BEAR ON THE UNDERSTANDING AND TREATMENT OF DISEASE. ITS RESEARCH PROGRAM ENCOMPASSES MULTIDISCIPLINARY AND INTEGRATED PROGRAMS IN CANCER, CELL CIRCUITS, CHEMICAL BIOLOGY, EPIGENOMICS, GENOME SEQUENCING AND ANALYSIS, INFECTIOUS DISEASE, MEDICAL AND POPULATION GENETICS, METABOLISM, AND PSYCHIATRIC DISORDERS. BROAD TEAMS CARRY OUT LARGE-SCALE PROJECTS TACKLING PROBLEMS THAT CANNOT BE DONE IN A TYPICAL LABORATORY. SUCH TEAMS INCLUDE GENOMICS, IMAGING, METABOLIC PROFILING, PROTEOMICS, GENETIC PERTUBATION, TECHNOLOGY LABS, AND THERAPEUTIC DEVELOPMENT. THERE WERE A TOTAL OF 963 PUBLICATIONS IN 2014 RESULTING FROM BROAD RESEARCH, WITH OVER 5,400 PUBLICATIONS TO DATE. THE BROAD INSTITUTE HOLDS AN ANNUAL SCIENTIFIC RETREAT, A TWO-DAY MEETING FEATURING PRESENTATIONS AND POSTERS ON A VARIETY OF RESEARCH PROJECTS ACROSS THE INSTITUTE, ATTENDED BY ALMOST A THOUSAND RESEARCHERS FROM THE BROAD COMMUNITY. THE BROAD'S EDUCATIONAL OUTREACH PROGRAM ENGAGES BOSTON-CAMBRIDGE AREA HIGH SCHOOL STUDENTS IN SCIENTIFIC RESEARCH BY PROVIDING SUMMER INTERNSHIPS AND SEMESTER-LONG RESEARCH PROJECTS. IN 2014, 14 HIGH SCHOOL STUDENTS PARTICIPATED IN A SUMMER SCHOLARS PROGRAM, ONE HIGH SCHOOL STUDENT PARTICIPATED IN RESEARCH PROJECTS DURING THE ACADEMIC YEAR, ONE HIGH SCHOOL STUDENT INTERNED WITH THE OFFICE OF EDUCATION AND OUTREACH DURING THE ACADEMIC YEAR, AND ONE UNDERGRADUATE STUDENT INTERNED WITH THE OFFICE OF EDUCATION AND OUTREACH DURING THE ACADEMIC YEAR AND SUMMER. IN ADDITION, THE EDUCATIONAL PROGRAM SPONSORS CLASS VISITS TO THE BROAD. THERE WERE 66 EDUCATIONAL TOURS IN 2014 THAT INCLUDED APPROXIMATELY 1,500 MIDDLE SCHOOL, HIGH SCHOOL, UNDERGRADUATE, AND GRADUATE STUDENTS, AS WELL AS POSTDOCTORAL SCHOLARS AND MEMBERS OF PARTNER INSTITUTIONS. BROAD ALSO TRAVELED TO SEVERAL LOCAL SCHOOLS TO PARTICIPATE IN CAREER PANELS AND JUDGE A SCIENCE FAIR, SERVING APPROXIMATELY 300 STUDENTS. THERE WERE FOUR MIDSUMMER NIGHTS' SCIENCE AND ONE SCIENCE FOR ALL SEASONS PUBLIC LECTURES WITH APPROXIMATELY 1,300 ATTENDEES. BROAD PARTICIPATED IN NETPALS IN 2014, WHICH MATCHED 25 MIDDLE SCHOOL STUDENTS WITH 25 SCIENTIST MENTORS. IN 2014, BROAD BEGAN A PARTNERSHIP WITH CAMBRIDGE PUBLIC SCHOOLS SPECIFICALLY RELATED TO GENETICS AND EVOLUTION THAT INCLUDES 8TH GRADE CURRICULUM DESIGN, CO-PLANNING WITH TEACHERS AND SCIENTISTS, AND CLASSROOM VISITS. THIS INITIATIVE INVOLVED 24 SCIENTISTS, 10 TEACHERS/SCHOOL STAFF, AND 350 STUDENTS. ALSO IN 2014, THE EDUCATIONAL PROGRAM WORKED WITH BROAD SCIENTISTS TO DESIGN AND PILOT TWO LESSONS IN THREE LOCAL HIGH SCHOOLS THAT ALLOWED STUDENTS TO ANALYZE BROAD DATA. APPROXIMATELY 10 BROAD SCIENTISTS WERE INVOLVED IN THESE INITIATIVES, SERVING APPROXIMATELY 175 STUDENTS AND FIVE TEACHERS. TO HELP INSPIRE YOUNG PEOPLE AND INCREASE THE NUMBER OF SCIENTISTS FROM DIVERSE BACKGROUNDS, THE BROAD'S DIVERSITY INITIATIVE IN SCIENTIFIC RESEARCH OFFERS PROGRAMS FOR MINORITIES AT DIFFERENT STAGES OF THEIR EDUCATION AND CAREERS. IN 2014, 14 HIGH SCHOOL STUDENTS AND 12 UNDERGRADUATE STUDENTS PARTICIPATED IN THESE PROGRAMS. IN ADDITION, THIS PROGRAM ATTRACTED 200 HIGH SCHOOL STUDENTS WHO ATTENDED A LECTURE DURING THE SUMMER. RELATIONSHIPS AMONG FORM 990 PART VI, LINE 2 PHILLIP SHARP IS AN EMPLOYEE OF MIT AND L. RAFAEL REIF IS THE PRESIDENT OF MIT; THEREFORE THEY HAVE A BUSINESS RELATIONSHIP. THEY ARE BOTH DIRECTORS AT THE BROAD INSTITUTE. JEFFREY FLIER IS AN EMPLOYEE OF HARVARD UNIVERSITY AND DREW GILPIN FAUST IS THE PRESIDENT OF HARVARD; THEREFORE THEY HAVE A BUSINESS RELATIONSHIP. THEY ARE BOTH DIRECTORS AT THE BROAD INSTITUTE. MEMBERS FORM 990 PART VI, LINE 6 THE MEMBERS OF THE BROAD INSTITUTE CONSIST OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY ("MIT"), PRESIDENT AND FELLOWS OF HARVARD COLLEGE ("HARVARD") AND THE ELI AND EDYTHE BROAD FOUNDATION. DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS FORM 990 PART VI, LINE 7A AND 7B BROAD MEMBERS (HARVARD, MIT AND THE BROAD FOUNDATION) EXERCISE ALL POWERS CONSISTENT WITH THE ACTIVITIES AND AFFAIRS OF THE BROAD INSTITUTE. THE MEMBERS HAVE ALL POWERS AND RIGHTS AS ARE VESTED IN THEM BY LAW, THE ARTICLES OF ORGANIZATION AND THE BY-LAWS, WHICH INCLUDE AMENDMENTS TO THE BY-LAWS AND ARTICLES OF INCORPORATION, THE ELECTION OR REPLACEMENT OF DIRECTORS, DISTRIBUTIONS OF THE ENDOWMENT PRIOR TO JULY 1, 2014 AND DISSOLUTION OF THE INSTITUTE. THE MEMBERS SHALL HOLD AN ANNUAL MEETING FOR ELECTION OF DIRECTORS AND FOR THE CONDUCT OF SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING. REVIEW OF 990 FORM 990, PART VI, LINE 11B THE BROAD INSTITUTE'S FORM 990 WAS PREPARED WITH THE ASSISTANCE OF THE INSTITUTE'S AUDITORS, PRICEWATERHOUSECOOPERS LLP. THE DRAFT FORM 990 WAS PROVIDED TO THE INSTITUTE'S SENIOR MANAGEMENT AND AUDIT COMMITTEE FOR REVIEW AND COMMENT. THE FULL BOARD RECEIVED A COMPLETED COPY OF THE FORM 990 PRIOR TO THE FORM BEING FILED WITH THE IRS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C EACH DIRECTOR AND OFFICER HAS A DUTY TO PLACE THE INTEREST OF THE INSTITUTE FOREMOST IN ANY DEALING WITH THE INSTITUTE AND HAS A CONTINUING RESPONSIBILITY TO COMPLY WITH THE REQUIREMENTS OF THIS POLICY. EACH DIRECTOR AND OFFICER IS REQUIRED TO ANNUALLY ACKNOWLEDGE HIS OR HER FAMILIARITY WITH THIS POLICY AND DISCLOSE IN WRITING TO THE CHAIRMAN OF THE BOARD ANY EXISTING FINANCIAL OR OTHER MATERIAL INTERESTS SUBJECT TO THIS POLICY BY COMPLETING A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE REVIEWED BY THE CHAIRMAN OF THE BOARD. ANY ISSUES NOT PREVIOUSLY DISCLOSED ARE REFERRED BY HIM OR HER TO THE BOARD OR APPROPRIATE COMMITTEE. THE CONFLICT OF INTEREST DISCLOSURE STATEMENTS ARE RETAINED IN THE CONFIDENTIAL FILES OF THE CHAIRMAN OF THE BOARD. COMPENSATION FORM 990, PART VI, LINE 15A THE BROAD INSTITUTE ENGAGED A CONSULTING FIRM TO CONDUCT AN INDEPENDENT STUDY FOR THE PRESIDENT/CEO'S COMPENSATION AND FOR THE COMPENSATION OF INSTITUTIONAL LEADERSHIP POSITIONS. THE STUDY FINDINGS WERE PRESENTED TO THE LEADERSHIP, POLICY AND GOVERNANCE COMMITTEE WHO REVIEWED, AND THEIR DELIBERATIONS AND DECISIONS WERE CONTEMPORANEOUSLY DOCUMENTED. THE PRESIDENT/CEO'S EMPLOYMENT AGREEMENT WAS AMENDED AND RESTATED EFFECTIVE JULY 1, 2014. PUBLIC DISCLOSURE OF DOCUMENTS FORM 990, PART VI, LINE 18 THE FORM 990 IS MADE AVAILABLE UPON REQUEST AND ON GUIDESTAR.ORG. THE FORM 1023 IS MADE AVAILABLE UPON REQUEST. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, LINE 19 THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS ARE ATTACHED TO THE ANNUALLY FILED MASSACHUSETTS FORM PC, WHICH IS AVAILABLE TO THE PUBLIC. THE INSTITUTE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. BENEFICIAL INTEREST IN TRUST FORM 990, PART XI, LINE 9 THE INSTITUTE HAS A BENEFICIAL INTEREST IN TRUST. ACCORDINGLY, THE INSTITUTE RECOGNIZES ITS INTEREST IN THE TRUST WITH CHANGES RECOGNIZED IN NONOPERATING ACTIVITIES IN ITS FINANCIAL STATEMENTS. CLINICAL RESEARCH SEQ PLATFORM LLC 415 MAIN STREET CAMBRIDGE MA 02142 352469571 SEQUENCING MA 2280876 2294808 BROAD INST GENOME BRIDGE LLC 415 MAIN STREET CAMBRIDGE MA 02142 900984758 COMBINE DATA MA 0 0 BROAD INST THE STANLEY FUND FOR THE BROAD INSTITUTE 415 MAIN SREET CAMBRIDGE MA 02142 465574304 SUPPORT. ORG. 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