2013-02-13T11:37:08-06:00 2012-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-07-01 521362650 INCORPORATED RESEARCH INSTITUTIONS FOR SEISMOLOGY INCO 2026822220 1200 NEW YORK AVENUE NW NO 400 WASHINGTON DC 20005 CANDY SHIN 2026822220 2013-02-13 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-03-07 17:11:31Z DAVID W SIMPSON 1200 NEW YORK AVENUE NW NO 400 WASHINGTON DC 20005 32017978 0 X WWW.IRIS.EDU X 1984 DE FACILITATING RESEARCH AND EDUCATION ON EARTHQUAKES, EARTH STRUCTURE, AND EARTH DYNAMICS. 9 9 68 12 0 0 30590593 30943142 0 0 86015 57360 0 0 30676608 31000502 12649685 13374479 0 0 7327568 7285034 1000 0 0 10628968 10335576 30607221 30995089 69387 5413 4240530 5112012 2991356 3940900 1249174 1171112 X - FACILITATE GEOPHYSICAL RESEARCH AND EDUCATION; - PROMOTE FREE AND OPEN EXCHANGE OF GEOPHYSICAL DATA AND KNOWLEDGE; - FOSTER COOPERATION TO ADVANCE GEOPHYSICAL RESEARCH AND CONVEY ITS BENEFITS TO ALL OF HUMANITY. 1 0 13503762 7466793 IRIS OPERATES USARRAY AS THE SEISMOLOGICAL AND MAGNETOTELLURIC COMPONENT OF EARTHSCOPE, A CONTINENT-SCALE OBSERVATORY FOR STUDYING THE STRUCTURE AND EVOLUTION OF THE NORTH AMERICAN CONTINENT AND PROVIDING INFORMATION FOR ASSESSING EARTHQUAKE AND VOLCANIC HAZARDS. BUILD ON THE TECHNOLOGIES AND FACILITIES DEVELOPED FOR THE CORE IRIS PROGRAMS, USARRAY WILL COVER THE ENTIRE U.S. WITH A REGULAR 70-KM GRID OF SEISMIC STATIONS. AN ARRAY OF 400 INSTRUMENTS WILL GRADUALLY CROSS THE COUNTRY, OCCUPYING A TOTAL OF MORE THAN 1800 SITES WITH TWO YEARS OF OBSERVATIONS AT EACH SITE. 13337500 5738846 IRIS CORE PROGRAMS FOR THE COLLECTION AND DISTRIBUTION OF DATA INCLUDE:A GLOBAL SEISMOGRAPHIC NETWORK (GSN) OF MORE THAN 150 PERMANENT STATIONS WORLDWIDE FOR OBSERVATIONS OF GLOBAL EARTHQUAKE ACTIVITY; A LENDING FACILITY WITH MORE THAN 3000 PORTABLE INSTRUMENTS (PASSCAL) FOR TEMPORARY DEPLOYMENTS IN STUDIES OF EARTHQUAKES AND EARTH STRUCTURE; DATA SERVICES (DS) WHICH COLLECTS AND ARCHIVES ALL IRIS DATA AND PROVIDES FREE AND OPEN DATA ACCESS TO RESEARCHERS AND EDUCATORS WORLDWIDE; AND AN EDUCATION & PUBLIC OUTREACH (EPO) PROGRAM WHICH DEVELOPS RESOURCES AND MATERIALS FOR EDUCATIONAL SEISMOLOGY. 591273 168840 OTHER COLLABORATIVE PROJECTS SUPPORTING SEISMOLOGICAL RESEARCH INCLUDE:GLISN - A REAL-TIME SENSOR ARRAY OF 25 STATIONS IN GREENLAND FOR MONITORING GLACIAL EARTHQUAKES.CHILE - COLLABORATIONS WITH CHILE'S NATIONAL SEISMIC MONITORING NETWORKOMO - THE OCEAN BOTTOM SEISMOGRAPH INSTRUMENT POOL (OBSIP) MANAGEMENT OFFICE 27432535 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 68 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 DC X CANDY SHIN 2026822220 1200 NEW YORK AVENUE NW NO 400 WASHINGTON DC 20005 X BRIAN STUMP 4.00 X X 0 0 0 MATT FOUCH 4.00 X X 0 0 0 JIM GAHERTY 2.00 X X 0 0 0 SUSAN BILEK 2.00 X X 0 0 0 ED GARNERO 2.00 X X 0 0 0 EMILY BRODSKY 2.00 X 0 0 0 PAUL DAVIS 2.00 X 0 0 0 JOHN HOLE 2.00 X 0 0 0 JEROEN RITSEMA 2.00 X 0 0 0 JEROEN TROMP 2.00 X 0 0 0 DOUG WIENS 2.00 X 0 0 0 STEVE GRAND 2.00 X 0 0 0 DAVID SIMPSON 40.00 X 243665 0 48889 CANDY SHIN 40.00 X 152839 0 27031 TIM AHERN 40.00 X 209618 0 42540 BOB WOODWARD 40.00 X 182537 0 44729 ROBERT WOOLLEY 40.00 X 169796 0 30746 JOHN TABER 40.00 X 138191 0 33997 RAY WILLEMANN 40.00 X 148068 0 26246 ROBERT BUSBY 40.00 X 148725 0 32678 OLGA CABELLO 40.00 X 128310 0 34287 JAMES GRIDLEY 40.00 X 136525 0 36799 1658274 0 357942 17 0 1 0 INSPERITY 19001 CRESCENT SPRINGS DR KINGWOOD TX 77339 PROFESSIONAL EMPLOYER ORGANIZATION 6627017 HONEYWELL TECHNOLOGY SOLUTIONS INC 7000 COLUMBIA GATEWAY DR COLUMBIA MD 21046 SEISMIC STATION INSTALLATION 1958791 COASTAL TECHNICAL SERVICES 509 A 13TH STREET VIRGINIA BEACH VA 23451 STATION CONSTRUCTION 887808 WINDY CITY CELLULAR LLC 1410 RUDAKOF CIRCLE ANCHORAGE AK 99508 ENGINEERING/ELECTRIC LABOR 102132 4 2500 30940642 30943142 20966 20966 1053870 1017476 36394 36394 36394 31000502 0 0 57360 13283080 13283080 91399 91399 839892 368973 470919 3900503 3079856 820647 777422 565606 211816 1767217 1288252 478965 19282 19282 36800 36800 63000 63000 13947 13947 1309459 1026311 283148 2134 2134 296412 146478 149934 838438 762723 75715 677658 9319 668339 1024997 886267 138730 689388 643507 45881 9428 9428 107831 88876 18955 EQUIPMENT & SUPPLIES 4562494 4559638 2856 COMMUNICATIONS 531308 529805 1503 OTHER EXPENSES 83032 32477 50555 MAINTENANCE & REPAIR 69968 69968 30995089 27432535 3562554 0 41004 11027 221179 126492 2545875 3524020 138429 144541 203930 155367 143382 9428 0 133954 1090113 1016611 4240530 5112012 1411705 1365740 1547342 2315304 32309 259856 2991356 3940900 X 1224724 1146662 24450 24450 1249174 1171112 4240530 5112012 X 5413 -83475 X 0 1 1 X 1 1 X 34128475 34149629 31990953 30590593 30943142 161802792 34128475 34149629 31990953 30590593 30943142 161802792 161802792 45829 31073 -28927 19626 20966 88567 161891359 0.99950 0.99940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63000 63000 30932089 30995089 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 70718 85668 71505 63000 290891 250000 250000 250000 250000 1000000 1500000 24450 24450 24150 300 24450 25980 775 2605 24150 25980 25980 1.00000 0 0 143382 9428 133954 133954 OTHER LIABILITIES 7000 DEFERRED RENT 252856 259856 31000502 30995089 5413 -83475 -83475 -78062 30917027 -83475 -83475 31000502 0 31000502 30995089 0 30995089 0 30995089 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSET IS MADE UP OF JOHN C. LAHR EDUCATIONAL SEISMOLOGY FUND. THE JOHN C. LAHR EDUCATIONAL SEISMOLOGY FUND WAS SET UP IN 2009 TO COMMEMORATE THE LEGACY OF JOHN C. LAHR. THE FUNDS ARE USED TO SUPPORT SEISMOGRAPHS IN SCHOOLS (SIS), WITHIN THE IRIS EDUCATION AND OUTREACH PROGRAM. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IRIS IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. IRIS HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2012 AND 2011. IRIS HAS ADOPTED THE ACCOUNTING STANDARD FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, IRIS MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. AS OF JUNE 30, 2012, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. GENERALLY, IRIS IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE 2009. 1 EAST ASIA AND THE PACIFIC 0 7 PROGRAM SERVICE TRAVEL, ELECTRIC BILL 25931 EUROPE (INCLUDING ICELAND & GREENLAND) 0 13 PROGRAM SERVICE TRAVEL, TELECOMMUNICATIONS 50178 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICE TRAVEL 3108 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICE TELECOMMUNICATIONS 5409 SOUTH AMERICA 0 9 PROGRAM SERVICES TRAVEL/FIELDWORK 198612 ANTARCTICA 0 6 PROGRAM SERVICES TRAVEL/FIELDWORK 7033 NORTH AMERICA 0 1 PROGRAM SERVICES TRAVEL, TELECOMMUNICATIONS 11451 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 23300 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 68099 0 37 0 0 0 37 325022 68099 393121 RUSSIA & THE NEWLY INDEPENDENT STATES GENERATION OF SEED ACTIVITIES 23300 WIRE TRANSFER NORTH AMERICA TA SITING 31965 CHECK NORTH AMERICA TA SITING 28584 CHECK NORTH AMERICA TA SITING 7550 CHECK 4 0 0 0 0 0 1 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: PROGRAM MANAGERS AND THEIR COMMITTEES ANNUALLY EVALUATE SUBAWARDEES' PROGRESS AND CONSIDER SUBAWARD BUDGETS AND NEW FUNDING RECOMMENDATIONS FOR THE COORDINATING COMMITTEE AND BOARD OF DIRECTORS TO REVIEW AND APPROVE. THE BUSINESS OFFICE REVIEWS SUBAWARD INVOICES TO ENSURE COMPLIANCE WITH FINANCIAL AND AWARD TERMS AND CONDITIONS. PROGRAM MANAGERS MONITOR SUBAWARDEES TO ENSURE THEY ARE ACCOMPLISHING THEIR PROGRAM GOALS AND OBJECTIVES. 1 UNIV OF NEW HAMPSHIRE 51 COLLEGE ROAD DURHAM NH 03820 026000937 501(C)(3) 20282 TA SITING BOSTON COLLEGE 140 COMMONWEATLH AVE CHESTNUT HILL MA 02467 042103545 501(C)(3) 5988 TA SITING OPENDAP INC 165 DEAN KNAUSS DRIVE NARRAGANSETT RI 02882 050514540 8458 EAGER: PLAFTORM FOR EARTHCUBE COLLEGE OF CHARLESTON 66 GEORGE STREET CHARLESTON SC 29424 073723322 501(C)(3) 14590 TA SITING COLUMBIA UNIVERSITY 254 ENGINEERING TERRACE PALISADES NY 10027 135598093 501(C)(3) 18113 MANAGE GSP NETWORK SYRACUSE UNIVERISTY 113 BOWNE HALL SYRACUSE NY 13244 150532081 501(C)(3) 15897 TA SITING COASTAL TECHNICAL SERVICES 2100 MEDITERRANEAN AVE 125 VIRGINIA BEACH VA 23451 204356526 989204 TA STATION CONSTRUCTION LEHIGH UNIVERSITY 526 BRODHEAD AVE BETHLEHEM PA 80826 240795445 501(C)(3) 17795 TA SITING MORAVIAN COLLEGE 1200 MAIN STREET BETHLEHEM PA 18018 240795460 501(C)(3) 28503 EDUCATION SOFTWARE DEVELOPMENT MIAMI UNIVERSITY 501 E HIGH STREET OXFORD OH 45056 316402089 501(C)(3) 26902 TA SITING PURDUE UNIVERSITY 155 S GRANT STREET W LAFAYETTE IN 47907 356002041 501(C)(3) 25394 TA SITING NORTHWESTERN UNIVERISTY 633 CLARK STREET STE 2-502 EVANSTON IL 60208 362167817 501(C)(3) 10454 DATA PROCESSING SHORT COURSE MICHIGAN STATE UNIVERSITY 301 ADMINISTRATION BLDG EAST LANSING MI 48824 386005984 501(C)(3) 29821 TA SITING UNIVERSITY OF WISCONSIN-MADISON 21 N PARK STREET MADISON WI 53715 396006492 501(C)(3) 16796 EAGER: PLAFTORM FOR EARTHCUBE OREGON STATE UNIVERSITY 312 KERR ADMINISTRATION BLDG CORVALLIS OR 97331 481278540 501(C)(3) 642408 USARRAY MT OPERATIONS HONEYWELL TECH SOLUTIONS 7000 COUMBIA GATEWAY DRIVE COLUMBIA MD 21046 520741967 1855174 USARRAY TA DEPLOYMENT SUPPORT HONEYWELL TECH SOLUTIONS 7000 COUMBIA GATEWAY DRIVE COLUMBIA MD 21046 520741967 53007 USARRAY CASCADIA OPERATIONS SUPPORT NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501(C)(3) 10170 TA SITING SOUTH CAROLIAN RESEARCH FOUNDATION 701 SUMTER ST COLUMBIA SC 29208 570967350 501(C)(3) 21968 REV & USARRAY MONITOR MAINTENANCE GEORGIA TECH RESEARCH CORPORATION MS-0420 ATLANTA GA 30332 586002023 501(C)(3) 19404 TA SITING ECKERD COLLEGE 4200 54TH AVENUE SOUTH ST PETERSBURG FL 33711 590859121 501(C)(3) 16091 TA SITING UNIV OF FLORIDA 219 GRINTER HALL GAINSVILLE FL 32611 596002052 501(C)(3) 25532 TA SITING UNIV OF KENTUCKY RESEARCH FOUNDATION 201 KINKEAD HALL LEXINGTON KY 40506 616001218 501(C)(3) 20414 TA SITING UNIV OF TEXAS EL PASO 500 WEST UNIVERSITY AVENUE EL PASO TX 77902 746000813 501(C)(3) 196451 MAINTAIN TEXAN INSTRUMENTS UNIVERSITY OF COLORADO 3100 MARINE STREET BOULDER CO 80309 846000555 501(C)(3) 24049 AMBIENT NOISE CROSS-CORRELATION NM INSTITUTE OF MINING & TECH 801 LEROY PLACE SOCORRO NM 87801 856000411 501(C)(3) 1100614 OPERATE INSTRUMENT CENTER NM INSTITUTE OF MINING & TECH 801 LEROY PLACE SOCORRO NM 87801 856000411 501(C)(3) 154138 GLISN SUPPORT NM INSTITUTE OF MINING & TECH 801 LEROY PLACE SOCORRO NM 87801 856000411 501(C)(3) 1191305 OPERATE INSTRUMENT CENTER NM INSTITUTE OF MINING & TECH 801 LEROY PLACE SOCORRO NM 87801 856000411 501(C)(3) 1828916 ARRAY OPERATIONS FACILITY CALIFORNIA INSTITUTE OF TECHNOLOGY 1200 E CALIFORNIA BLVD PASADENA CA 91125 916001537 501(C)(3) 19996 WAVEFORM DATA QUALITY UNIVERSITY OF WASHINGTON 1100 NE 45TH ST SEATTLE WA 98105 916001537 501(C)(3) 64920 IRIS DMC SUPPORT STANFORD JUNIOR UNIVERSITY 340 PANAMA STREET STANFORD CA 94305 941156365 501(C)(3) 24774 QUAKE CATCHER NETWORK UNIV OF CALIFORNIA SAN DIEGO 8622 DISCOVERY WAY LA JOLLA CA 92037 956006144 501(C)(3) 378158 GSN NETWORK OPERATOR (IDA)/DCC UNIV OF CALIFORNIA SAN DIEGO 8622 DISCOVERY WAY LA JOLLA CA 92037 956006144 501(C)(3) 2664113 GSN NETWORK OPERATOR (IDA)/DCC UNIV OF CALIFORNIA SAN DIEGO 8622 DISCOVERY WAY LA JOLLA CA 92037 956006144 501(C)(3) 1292156 ARRAY NETWORK FACILITY UNIV OF CALIFORNIA SAN DIEGO 8622 DISCOVERY WAY LA JOLLA CA 92037 956006144 501(C)(3) 348003 ARRAY NETWORK FACILITY-METADATA UNIV OF CALIFORNIA SAN DIEGO 8622 DISCOVERY WAY LA JOLLA CA 92037 956006144 501(C)(3) 57205 USARRAY CASCADIA OPERATIONS SUPPORT UNIV OF CALIFORNIA SAN DIEGO 8622 DISCOVERY WAY LA JOLLA CA 92037 956006144 501(C)(3) 24236 VISUALIZATION & SONIFICATIONS OF SEISMIC SIGNALS UNIV OF CALIFORNIA SAN DIEGO 8622 DISCOVERY WAY LA JOLLA CA 92037 956006144 501(C)(3) 14701 DATA COLLECTION ASPECTS OF GRO-CHILE 27 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PROGRAM MANAGERS AND THEIR COMMITTEES ANNUALLY EVALUATE SUBAWARDEES' PROGRESS AND CONSIDER SUBAWARD BUDGETS AND NEW FUNDING RECOMMENDATIONS FOR THE COORDINATING COMMITTEE AND BOARD OF DIRECTORS TO REVIEW AND APPROVE. THE BUSINESS OFFICE REVIEWS SUBAWARD INVOICES TO ENSURE COMPLIANCE WITH FINANCIAL AND AWARD TERMS AND CONDITIONS. PROGRAM MANAGERS MONITOR SUBAWARDEES TO ENSURE THEY ARE ACCOMPLISHING THEIR AGREED-TO PROGRAM GOALS AND OBJECTIVES. X X 0 0 0 0 0 0 0 0 0 DAVID SIMPSON 240693 0 0 0 2972 0 35528 0 14681 0 293874 0 0 0 CANDY SHIN 152425 0 0 0 414 0 22165 0 6186 0 181190 0 0 0 TIM AHERN 207242 0 0 0 2376 0 30440 0 13792 0 253850 0 0 0 BOB WOODWARD 181759 0 0 0 778 0 27250 0 18799 0 228586 0 0 0 ROBERT WOOLLEY 168475 0 0 0 1321 0 24680 0 7386 0 201862 0 0 0 JOHN TABER 137087 0 0 0 1104 0 20636 0 14681 0 173508 0 0 0 RAY WILLEMANN 146925 0 0 0 1143 0 21380 0 6186 0 175634 0 0 0 ROBERT BUSBY 148104 0 0 0 621 0 21702 0 10976 0 181403 0 0 0 OLGA CABELLO 127764 0 0 0 546 0 19062 0 16424 0 163796 0 0 0 JAMES GRIDLEY 136143 0 0 0 382 0 20495 0 16304 0 173324 0 0 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 OBSIP MANAGEMENT OFFICE (OMO): OPERATING A MANAGEMENT OFFICE FOR THE OCEAN BOTTOM SEISMOMETER INSTRUMENT POOL (OBSIP) THE OMO WILL WORK WITH THE NATIONAL SCIENCE FOUNDATION (THE FUNDING AGENCY), THE SCIENTIFIC COMMUNITY (THE INSTRUMENT AND DATA USERS), AND THE INSTITUTIONAL INSTRUMENT CONTRIBUTORS (IICS) TO OVERSEE AND COORDINATE OMO ACTIVITIES AND FACILITATE OBSIP DATA FLOW. FORM 990, PART VI, SECTION A, LINE 6 EDUCATIONAL AND NOT-FOR-PROFIT INSTITUTIONS CHARTERED IN THE UNITED STATES, WITH A MAJOR COMMITMENT TO RESEARCH IN SEISMOLOGY AND RELATED FIELDS, MAY BECOME "VOTING MEMBERS". RESEARCH INSTITUTIONS AND OTHER NOT-FOR-PROFIT ORGANIZATIONS, BOTH INSIDE AND OUTSIDE THE U.S., ENGAGED IN SEISMOLOGICAL RESEARCH AND DEVELOPMENT, WHICH MAY NOT OTHERWISE QUALIFY FOR IRIS MEMBERSHIP, MAY BE ELECTED EDUCATIONAL AFFILIATES, U.S. AFFILIATES, OR FOREIGN AFFILIATES. FORM 990, PART VI, SECTION A, LINE 7A REPRESENTATIVES OF THE VOTING MEMBER INSTITUTIONS ELECT THE NINE-MEMBER BOARD OF DIRECTORS BY WRITTEN BALLOT. DIRECTORS ARE ELECTED FOR THREE-YEAR TERMS, WHICH HAVE BEEN STAGGERED, SO THAT THREE NEW MEMBERS ARE TYPICALLY ELECTED EACH YEAR AT THE IRIS ANNUAL MEMBERS' MEETING IN DECEMBER. FORM 990, PART VI, SECTION B, LINE 11 THE CFO IS RESPONSIBLE FOR THE TIMELY PREPARATION OF THE FORM 990. ANNUALLY, IRIS RETAINS A CPA FIRM TO PREPARE THE FORM 990, WORKING WITH THE CFO. THE CFO WILL SUBMIT THE DRAFT FORM 990 TO THE BOARD OF DIRECTORS AND THE IRIS BUDGET & FINANCE SUBCOMMITTEE FOR REVIEW PRIOR TO THE FILING DEADLINE AND REQUEST APPROVAL OF THE FILING. THE SUBCOMMITTEE MAY IDENTIFY QUESTIONS, CONCERNS OR ISSUES THAT SHOULD BE BROUGHT TO THE BOARD'S ATTENTION. ALL QUESTIONS, CONCERNS, ETC. OF THE BUDGET & FINANCE SUBCOMMITTEE AND THE BOARD OF DIRECTORS WILL BE ADDRESSED BY THE CFO AND PRESIDENT AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. THE CFO AND THE PRESIDENT WILL MAKE FINAL CORRECTIONS AND APPROVE THE FORM 990. THE CFO WILL FILE THE FINAL FORM 990 AS REQUIRED. COPIES OF ALL FILED FORM 990 RETURNS WILL BE MAINTAINED BY IRIS FINANCIAL SERVICES AND ARE AVAILABLE UPON REASONABLE REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE PRESIDENT WILL DISCUSS AND DISTRIBUTE THE CONFLICT OF INTEREST POLICY AND FORM AT THE FIRST BOARD OF DIRECTORS MEETING OF THE YEAR. PROGRAM MANAGERS WILL DISCUSS AND DISTRIBUTE THE CONFLICT OF INTEREST POLICY AND FORM AT THEIR FIRST STANDING COMMITTEE MEETINGS OF THE YEAR. THE POLICY REQUIRES ALL BOARD AND IRIS COMMITTEE MEMBERS TO SUBMIT THEIR SIGNED CONFLICT OF INTEREST FORMS TO THE DC HEADQUARTERS OFFICES. THE PRESIDENT'S ASSISTANT WILL COLLECT ALL THE FORMS AND IDENTIFY FORMS THAT HAVE REQUIRED DISCLOSURES TO THE PRESIDENT, FOR ANY NECESSARY ACTION, AND MISSING FORMS TO THE PRESIDENT AND/OR THE PROGRAM MANAGER, WHO IS ASSIGNED TO FOLLOW UP WITH THE NECESSARY PARTY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF EMPLOYEES IS NEGOTIATED AT THE START OF THEIR EMPLOYMENT AND EVALUATED ANNUALLY WITH THEIR SUPERVISOR, AND APPROVED BY THE PRESIDENT. THE PRESIDENT'S COMPENSATION IS EVALUATED ANNUALLY BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES THE PRESIDENT'S COMPENSATION AND THE OVERALL AVERAGE SALARY INCREASE FOR OTHER STAFF, BASED ON COMPARABILITY DATA SUCH AS THE FEDERAL GOVERNMENT PAY INCREASES AND THE SOCIAL SECURITY ADMINISTRATION'S COST OF LIVING ADJUSTMENTS. THE BOARD'S DELIBERATIONS AND DECISIONS ARE RECORDED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ONLINE THROUGH THE IRIS WEBSITE. THE IRIS CONFLICT OF INTEREST POLICY IS NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REASONABLE REQUEST TO IRIS FINANCIAL SERVICES. NUMBER OF VOTING MEMBERS: FORM 990, PAGE 7, PART VII THE NINE-MEMBER IRIS BOARD OF DIRECTORS, ELECTED BY REPRESENTATIVES OF IRIS MEMBER INSTITUTIONS, SERVE ROTATING THREE-YEAR TERMS. IN FY2012, THREE OF THE BOARD MEMBERS WHOSE TERMS EXPIRED WERE REPLACED BY NEW BOARD MEMBERS DURING THE FISCAL YEAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -83,475.