2025-11-03T10:48:24-06:00 2024-12-31 990 2024-01-01 060706038 BERMUDA INSTITUTE OF OCEAN SCIENCES BIOS INC BERM 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 VICTORIA MILLETT TREASURER/CONTROLLER 4412971880 2025-11-03 0 2024 2025-03-06 01:10:19Z VICTORIA MILLETT 17 BIOLOGICAL STATION ST GEORGES BD GE 01 17945200 0 X BIOS.ASU.EDU X 1926 NY BIOS'S MISSION IS TO SEEK AND SHARE FUNDAMENTAL KNOWLEDGE THROUGH (CONTINUED IN SCHEDULE O) STATE-OF-THE-ART SCIENTIFIC RESEARCH, WORLD-CLASS FIELD EXPEDITIONS, AND COMPREHENSIVE EDUCATIONAL EXPERIENCES. 18 13 29 0 0 0 12550434 11896560 1199757 1258459 130694 407776 4095980 3288869 17976865 16851664 1908959 2097384 0 0 7809312 7969645 0 0 189147 7292584 7977341 17010855 18044370 966010 -1192706 42612324 42851737 2157935 2288019 40454389 40563718 X BIOS'S MISSION IS TO SEEK AND SHARE FUNDAMENTAL KNOWLEDGE OF THE OCEANS THROUGH STATE-OF-THE-ART SCIENTIFIC RESEARCH, WORLD-CLASS FIELD EXPEDITIONS, AND COMPREHENSIVE EDUCATIONAL EXPERIENCES. 0 0 13685785 2097385 2466239 SEE SCHEDULE O. 2211088 1632036 SEE SCHEDULE O. 15896873 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 10 0 1 29 1 0 1 BD 0 0 0 0 0 0 0 0 0 0 X 18 13 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X VICTORIA MILLETT 4412971880 17 BIOLOGICAL STATION ST GEORGES BD GE 01 KENRO KUSUMI TRUSTEE 0.50 40.00 X 0 403800 30107 ANTHONY WILLIAMS TRUSTEE 0.50 X 0 0 0 STEVE WEINSTEIN CHAIR 3.00 X 0 0 0 BESS WARD PHD TRUSTEE (UNTIL NOV 2024) 0.50 X 0 0 0 RICHARD STANLEY VICE-CHAIR (UNTIL NOV 2024) 1.00 40.00 X 0 280637 58249 JAMES N STANARD PHD TRUSTEE 0.50 X 0 0 0 MICHAEL SCHRUM TRUSTEE (UNTIL JUNE 2024) 1.00 X 0 0 0 PETER SCHLOSSER TRUSTEE 2.00 40.00 X 0 533745 29897 RALPH E RICHARDSON TRUSTEE 0.50 X 0 0 0 KEVIN RICHARDS TRUSTEE 0.50 X 0 0 0 MORGAN OLSEN TRUSTEE 2.00 40.00 X 0 1104247 62791 ALAN MCGOWAN TRUSTEE 0.50 X 0 0 0 LISA LOO TRUSTEE 1.00 40.00 X 0 613907 41135 SALLY MORTON VICE-CHAIR 1.00 40.00 X 0 986705 58652 MICHAEL NEFF TRUSTEE 0.50 X 0 0 0 RICHARD FERRETT TRUSTEE 1.00 X 0 0 0 CATHERINE DUFFY TRUSTEE 0.50 X 0 0 0 GRAHAM COLLIS TRUSTEE 0.50 X 0 0 0 J WILLIAM CHARRIER VICE-CHAIR 2.00 X 0 0 0 PATRICK BARLOW TRUSTEE 0.50 X 0 0 0 MICHAEL D HAMER PHD TRUSTEE 1.00 X 0 0 0 GILLIAN HOLLIS ASSIST TO THE PRES AND CEO 40.00 X 95613 0 4781 VICTORIA MILLETT TREASURER & CONTROLLER 40.00 X 181280 0 9064 MARK GUISHARD CHIEF OPERATING OFFICER 40.00 X 225000 0 8438 WILLIAM CURRY PHD PRESIDENT AND CEO 40.00 X 341000 0 0 MURRAY STEIN MARINE SUPERINTENDENT 40.00 X 180208 0 1417 AMY E MAAS SCIENTIST 40.00 X 142093 10000 0 RODNEY JOHNSON ASSISTANT SCIENTIST 40.00 X 150757 3654 7720 ANDREW PETERS DIRECTOR OF EDUCATION 40.00 X 152370 3654 7619 ERIC HOCHBERG SENIOR SCIENTIST 40.00 X 156333 10000 0 NICHOLAS BATES SENIOR SCIENTIST & DIRECTO 40.00 X 235506 10000 12275 1860160 3960349 332145 9 0 1 0 BERNHARD SCHULTE SHIPMANAGEMENT 5G24877 DORCHESTER HOUS BELMONT HILL DOUGLAS IM IM1 4RE SHIP MANAGEMENT SERVICES (CREW) 501168 JR'S PAINTING & MAINTENANCE 18 TEXAS ROAD ST DAVIDS BD DD-01 PAINTER - CAMPUS PAINTING 145820 4 9697170 2199390 11896560 EDUCATION 611710 1258459 1258459 1258459 443136 443136 398642 0 398642 398642 398642 763918 247043 764100 282221 -182 -35178 -35360 -35178 -182 62448 47215 15233 15233 AFFILIATION SERVICE REVENUE 611710 2000000 2000000 REIMBURSEMENT OF LABOR 611710 640621 640621 ASU BIOS PASS THROUGH AWARDS 611710 180567 180567 53806 53806 2874994 16851664 4098275 0 856829 1722431 1722431 374953 374953 1711636 1037843 673793 4850048 4149851 591428 108769 282255 218856 59674 3725 843881 712732 113263 17886 281825 237568 41973 2284 73490 73490 34950 34950 840728 803902 36826 15660 11587 4073 474665 245683 205689 23293 74540 69502 5038 521142 508188 8325 4629 679661 638344 40492 825 198356 181035 15519 1802 58275 58275 1759995 1759995 396914 358333 38581 REPAIRS AND MAINTENANCE 1223693 1199641 6860 17192 SUPPLIES 1109883 1092765 13414 3704 FUEL 515389 515389 18044370 15896873 1958350 189147 3068349 4141055 7692276 9135276 2236101 0 1418657 1412454 53602 24193 15352 41054 41169934 27871394 13873914 13298540 14254073 14799165 42612324 42851737 683758 1305472 44107 31886 622782 210356 807288 740305 2157935 2288019 X 3558511 6094629 36895878 34469089 40454389 40563718 42612324 42851737 -1192706 1302035 0 X X 0 1 X 1 1 1 X 21116895 10612144 14011648 12550434 11896560 70187681 21116895 10612144 14011648 12550434 11896560 70187681 11183659 59004022 263765 376421 35721 170571 443136 1289614 12317 12317 71489612 6204415 0.82540 0.82560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14254075 25975 1302035 747968 34950 14799166 14090203 27600 897955 761407 276 14254075 17855860 25500 -2955965 775045 59848 14090502 16702617 26500 1924050 727958 69349 17855860 15685985 25600 1772362 722065 59265 16702617 0.09529 0.69249 0.21225 1 0 486850 486850 16924884 10456002 6468882 8315587 5669819 2645768 15442613 11745573 3697040 13298540 ASUF LONG TERM INVESTMENT POOL 14799165 F 14799165 X 18165962 1302035 47213 1349248 16816714 34950 34950 16851664 18056633 47213 47213 18009420 34950 34950 18044370 PART V, LINE 4: THE PURPOSE OF BIOS'S ENDOWMENT FUNDS IS TO PROVIDE LONG-TERM SUPPORT FOR THE INSTITUTION. INCOME FROM DONOR-RESTRICTED ENDOWMENT FUNDS IS UTILIZED BY BIOS IN ACCORDANCE WITH DONOR INTENT. PART X, LINE 2: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES: BIOS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGMENT HAS DETERMINED THAT BIOS HAD NO UNCERTAIN INCOME TAX POSITIONS THAT REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. BIOS IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 47,213. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD RECLASSED TO FORM 990, PART VIII, LINE 10B 47,213. 0 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION TO FACILITATE SCIENTIFIC RESEARCH 287657 BERMUDA 1 29 PROGRAM SERVICES TO FACILITATE SCIENTIFIC RESEARCH 12039492 CENTRAL AMERICA AND THE CARRIBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION TO FACILITATE SCIENTIFIC RESEARCH 87296 1 29 0 0 1 29 12414445 0 12414445 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 190574 WIRE TRANSFER 0 EUROPE TO FACILITATE SCIENTIFIC RESEARCH 97083 WIRE TRANSFER 0 CAYMAN ISLANDS TO FACILITATE SCIENTIFIC RESEARCH 87296 WIRE TRANSFER 0 0 0 0 0 0 0 PART I, LINE 2: USE OF GRANT FUNDS OUTSIDE THE USA ARE SUBJECT TO THE SAME SCRUTINY AS ARE FUNDS INSIDE THE USA. THE FUNDS ARE ISSUED TO THE ORGANIZATION ONLY, BASED ON AN APPROVED PROPOSAL, PERIODIC REPORTS ARE REQUIRED AND FUNDS ARE ONLY RELEASED ON A REIMBURSEMENT BASIS. BIOS MAINTAINS ACCOUNTING PROCEDURES GOVERNING ALL EXPENDITURES INCLUDING GRANT EXPENDITURES IN ITS ACCOUNTING AND POLICIES PROCEDURE MANUAL. GRANT FUNDING IS PROVIDED CONTRACTUALLY VIA SUBAWARD OR GRANT AGREEMENT VIA BIOS. FEDERAL PROJECT GRANT FUNDING FOR SUBAWARDS REQUIRE MONITORING IN TWO AREAS - (A) SUBRECIPIENT INSTITUTION COMPLIANCE WITH THE AUDITING REQUIREMENTS OF OMB CIRCULAR A-133 AND (B) SUBRECIPIENT PROVIDES PIS WITH ROUTINE AND REVIEWING OF TECHNICAL REPORTS AND REVIEW OF INVOICING IN RELATION TO BUDGET. CONTRACTUAL AGREEMENTS DICTATE SCOPE, PERIOD OF PERFORMANCE, AUDIT AND COMPENSATION (COST REIMBURSEMENT) REQUIREMENTS. ALL AGREEMENTS ARE TO FACILITATE SCIENTIFIC RESEARCH IN ACCORDANCE WITH THE ORGANIZATION'S MISSION. THIS IS CONSISTENTLY APPLIED IN US EXPENDITURES AND NON-US EXPENDITURES ALIKE. 1 UNIVERSITY OF RHODE ISLAND 79 UPPER COLLEGE RD KINGSTON RI 028812023 056014351 115 107472 0 TO FACILITATE SCIENTIFIC RESEARCH MARINE BIOLOGICAL LABORATORY PO BOX 3218 BOSTON MA 022413218 042104690 501(C)(3) 223771 0 TO FACILITATE SCIENTIFIC RESEARCH OREGON STATE UNIVERSITY 312 KERR ADMINISTRATION BUILDING CORVALLIS OR 973312140 611730890 115 275868 0 TO FACILITATE SCIENTIFIC RESEARCH THE REGENTS OF UNIVERSITY OF CALIFORNIA SANTA BARBARA 8622 DISCOVERY WAY 0210 LA JOLLA CA 920930210 956006145 115 343491 0 TO FACILITATE SCIENTIFIC RESEARCH UNIVERSITY OF MIAMI 1535 LEVANTE AVENUE ROOM 201A CORAL GABLES FL 33146 590624458 501(C)(3) 153536 0 TO FACILITATE SCIENTIFIC RESEARCH WOODS HOLE OCEANOGRAPHIC INST 569 WOODS HOLE ROAD BOSTON MA 025431050 042105850 501(C)(3) 592150 0 TO FACILITATE SCIENTIFIC RESEARCH BENEATH THE WAVES PO BOX 126 HEARNDON VA 20172 463461387 501(C)(3) 26142 0 TO FACILITATE SCIENTIFIC RESEARCH 7 0 PART I, LINE 2: BIOS MAINTAINS ACCOUNTING PROCEDURES GOVERNING ALL EXPENDITURES INCLUDING GRANT EXPENDITURES IN ITS ACCOUNTING AND POLICIES PROCEDURE MANUAL. GRANT FUNDING IS PROVIDED CONTRACTUALLY VIA SUBAWARD OR GRANT AGREEMENT VIA BIOS. FEDERAL PROJECT GRANT FUNDING FOR SUBAWARDS REQUIRE MONITORING IN TWO AREAS - (A) SUBRECIPIENT INSTITUTION COMPLIANCE WITH THE AUDITING REQUIREMENTS OF OMB CIRCULAR A-133 AND (B) SUBRECIPIENT PROVIDES PIS WITH ROUTINE AND REVIEWING OF TECHNICAL REPORTS AND REVIEW OF INVOICING IN RELATION TO BUDGET. CONTRACTUAL AGREEMENTS DICTATE SCOPE, PERIOD OF PERFORMANCE, AUDIT AND COMPENSATION (COST REIMBURSEMENT) REQUIREMENTS. ALL AGREEMENTS ARE TO FACILITATE SCIENTIFIC RESEARCH IN ACCORDANCE WITH THE ORGANIZATION'S MISSION. THIS IS CONSISTENTLY APPLIED IN US EXPENDITURES AND NON-US EXPENDITURES ALIKE. 1 X X 0 0 0 0 0 0 0 0 0 MORGAN OLSEN TRUSTEE 0 587699 0 0 0 516548 0 44850 0 17941 0 1167038 0 0 SALLY MORTON VICE-CHAIR 0 615455 0 0 0 371250 0 44850 0 13802 0 1045357 0 0 LISA LOO TRUSTEE 0 491372 0 0 0 122535 0 34674 0 6461 0 655042 0 0 PETER SCHLOSSER TRUSTEE 0 468745 0 15000 0 50000 0 24150 0 5747 0 563642 0 0 KENRO KUSUMI TRUSTEE 0 403800 0 0 0 0 0 24150 0 5957 0 433907 0 0 WILLIAM CURRY PHD PRESIDENT AND CEO 310000 0 0 0 31000 0 0 0 0 0 341000 0 0 0 RICHARD STANLEY VICE-CHAIR (UNTIL NOV 2024) 0 241069 0 0 0 39568 0 51772 0 6477 0 338886 0 0 NICHOLAS BATES SENIOR SCIENTIST & DIRECTO 235506 10000 0 0 0 0 12275 0 0 0 247781 10000 0 0 MARK GUISHARD CHIEF OPERATING OFFICER 225000 0 0 0 0 0 8438 0 0 0 233438 0 0 0 VICTORIA MILLETT TREASURER & CONTROLLER 181280 0 0 0 0 0 9064 0 0 0 190344 0 0 0 MURRAY STEIN MARINE SUPERINTENDENT 173124 0 0 0 7084 0 1417 0 0 0 181625 0 0 0 ERIC HOCHBERG SENIOR SCIENTIST 155275 10000 0 0 1058 0 0 0 0 0 156333 10000 0 0 ANDREW PETERS DIRECTOR OF EDUCATION 152370 3654 0 0 0 0 7619 0 0 0 159989 3654 0 0 RODNEY JOHNSON ASSISTANT SCIENTIST 150757 3654 0 0 0 0 7720 0 0 0 158477 3654 0 0 AMY E MAAS SCIENTIST 134862 10000 0 0 7231 0 0 0 0 0 142093 10000 0 0 PART I, LINE 3: THE DIRECTORS LISTED ON SCHEDULE J ARE COMPENSATED BY ARIZONA STATE UNIVERSITY. THEIR COMPENSATION IS DETERMINED BY THE UNIVERSITY IN ADHERANCE WITH POLICIES AND APPLICABLE UNIVERSITY GOVERNANCE. RUTH CURRY FAMILY RELATIONSHIP EMPLOYEE 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: RUTH CURRY(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:FAMILY RELATIONSHIP WITH WILLIAM CURRY, PRESIDENT & CEO FORM 990, PART III, LINE 4A SCIENTIFIC RESEARCH: THE BERMUDA INSTITUTE OF OCEAN SCIENCES (BIOS) CONDUCTS MULTIDISCIPLINARY OCEANOGRAPHIC RESEARCH FOCUSED ON THE WATERS SURROUNDING BERMUDA AND THE BROADER GLOBAL EARTH SYSTEM. BIOS'S SCIENTIFIC PROGRAMS SPAN BIOLOGICAL, CHEMICAL, GEOLOGICAL, AND PHYSICAL OCEANOGRAPHY, WITH AN EMPHASIS ON UNDERSTANDING OCEAN ECOSYSTEMS AND THEIR FUNCTION. IN ADDITION TO ITS FLAGSHIP BERMUDA ATLANTIC TIME-SERIES STUDY (BATS), ONE OF THE LONGEST-RUNNING OCEAN TIME-SERIES PROGRAMS IN THE WORLD, BIOS SUPPORTS A RANGE OF OTHER RESEARCH INITIATIVES. THESE INCLUDE STUDIES ON CORAL REEF ECOLOGY, OCEAN BIOGEOCHEMISTRY, MICROBIAL OCEANOGRAPHY, AND THE DEVELOPMENT OF AUTONOMOUS OCEAN OBSERVING TECHNOLOGIES. TOGETHER, THESE PROGRAMS CONTRIBUTE TO ADVANCING SCIENTIFIC KNOWLEDGE AND ADDRESSING KEY QUESTIONS IN OCEAN SCIENCE. IN 2024, BATS ACHIEVED THE FOLLOWING: * PUBLISHED OVER 30 PEER-REVIEWED SCIENTIFIC PAPERS ADVANCING OCEANOGRAPHIC KNOWLEDGE * SUPPORTED MORE THAN 50 NATIONAL AND INTERNATIONAL COLLABORATORS ACROSS ACADEMIA AND RESEARCH INSTITUTIONS * PROVIDED OPEN-ACCESS OCEANOGRAPHIC DATA TO THOUSANDS OF RESEARCHERS GLOBALLY, FACILITATING BROAD SCIENTIFIC ENGAGEMENT AND DISCOVERY SHIP OPERATIONS ARE CENTRAL TO BIOS'S RESEARCH MISSION. THE R/V ATLANTIC EXPLORER ENABLES LONG-TERM DATA COLLECTION AND SUPPORTS MULTI-INSTITUTIONAL EXPEDITIONS. IN 2024, THE VESSEL COMPLETED 203 SEA DAYS BEFORE ENTERING SCHEDULED SHIPYARD MAINTENANCE IN DECEMBER. IN 2025, BIOS HAS SECURED FUNDING FOR 223 SEA DAYS, WITH OPERATIONS RESUMING IN Q1 FOLLOWING THE VESSEL'S RETURN TO SERVICE. THESE ACTIVITIES DIRECTLY SUPPORT BIOS'S EXEMPT PURPOSE BY CONTRIBUTING TO THE GLOBAL SCIENTIFIC UNDERSTANDING OF OCEAN SYSTEMS, FOSTERING COLLABORATIVE RESEARCH, AND DISSEMINATING KNOWLEDGE FOR PUBLIC BENEFIT. FORM 990, PART III, LINE 4B EDUCATION: EDUCATION IS A CORE COMPONENT OF BIOS'S MISSION, DIRECTLY LINKING OCEANOGRAPHIC RESEARCH TO HANDS-ON LEARNING OPPORTUNITIES FOR STUDENTS IN BERMUDA AND INTERNATIONALLY. BIOS CONDUCTS A RANGE OF EDUCATIONAL PROGRAMS ANNUALLY THAT PREPARE STUDENTS FOR FUTURE SCIENTIFIC AND TECHNICAL CHALLENGES. IN 2024, BIOS'S OCEAN ACADEMY PROGRAM SERVED 2,479 LOCAL STUDENTS AND TEACHERS, OFFERING YEAR-ROUND EXPERIENTIAL LEARNING AND PROFESSIONAL DEVELOPMENT FOR BERMUDA'S GRADE-SCHOOL EDUCATORS. UNIVERSITY-LEVEL PROGRAMMING INCLUDED TWO SUMMER COURSES, RESEARCH INTERNSHIPS, AND A FALL SEMESTER PROGRAM, COLLECTIVELY HOSTING 85 STUDENTS FROM THE US, UK, CANADA, AND OTHER COUNTRIES. THESE PROGRAMS PROVIDED SPECIALIZED INSTRUCTION AND PRACTICAL RESEARCH EXPERIENCE IN BOTH LABORATORY AND FIELD SETTINGS. BIOS ALSO HOSTED 8 EVENING EDUCATION GROUPS FROM ROAD SCHOLAR INC., TOTALING 184 PARTICIPANTS, AND WELCOMED 19 EDUCATIONAL EXPEDITION GROUPS IN 2024, COMPRISING 354 STUDENTS AND INSTRUCTORS AND RESULTING IN 2,604 BED NIGHTS. THESE INITIATIVES SUPPORT BIOS'S EXEMPT PURPOSE BY ADVANCING OCEAN LITERACY, FOSTERING ACADEMIC ACHIEVEMENT, AND PROMOTING SCIENTIFIC RESEARCH AS A TOOL FOR UNDERSTANDING THE NATURAL WORLD. FORM 990, PART VI, SECTION A, LINE 2 (A) NAME OF PERSON: RUTH CURRY (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY RELATIONSHIP WITH WILLIAM CURRY, PRESIDENT & CEO FORM 990, PART VI, SECTION A, LINE 6 ARIZONA STATE UNIVERSITY IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ARIZONA STATE UNIVERSITY IS THE SOLE MEMBER OF THE ORGANIZATION AND HAS THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ARIZONA STATE UNIVERSITY IS THE SOLE MEMBER OF THE ORGANIZATION WITH ULTIMATE CONTROL OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE TREASURER AND CONTROLLER AND AFTER THE INITIAL REVIEW, A DRAFT COPY OF THE TAX RETURN WILL BE SENT TO THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C BIOS INC. HAS A CONFLICT OF INTEREST POLICY GOVERNING ANY INTERESTED PERSON (ANY DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS DIRECT OR INDIRECT FINANCIAL INTEREST) IS AN INTERESTED PERSON, I.E. NOT INDEPENDENT. THIS POLICY IS AFFIRMED ANNUALLY BE ALL DIRECTORS, PRINCIPAL OFFICERS, KEY EMPLOYEES AND MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE PRESIDENT AND CEO IS DETERMINED BY THE COMPENSATION COMMITTEE BASED ON REVIEW OF COMPARABLE STATISTICS AND OTHER SOURCES AS THEY DEEM APPROPRIATE. COMPENSATION OF OTHER OFFICERS AND KEY MANAGEMENT PERSONNEL ARE DETERMINED BY THE PRESIDENT AND CEO WITH THE ADVICE OF THE CHAIRMAN. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM. ARIZONA STATE UNIVERSITY 1151 S FOREST AVE TEMPE AZ 85281 860196696 UNIVERSITY EDUCATION AZ 115 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 ARIZONA STATE UNIVERSITY L 2000000 ARIZONA STATE UNIVERSITY Q 640621 ARIZONA STATE UNIVERSITY S 465567 SCH R, PART V, SECTION 2, LINE 3 $465,567 TRANSFER OF CASH FROM ARIZONA STATE UNIVERSITY (ASU) TO BIOS CONSISTED OF THE FOLLOWING: ASU TUITION REMITTANCES $285,000 ASU BIOS PASS-THROUGH AWARDS $180,567