Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
THE MULTIPLE MYELOMA RESEARCH FOUNDATION INC
Employer identification number
06-1504413
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization?
................
11g(i)
(ii)
a family member of a person described in (i) above?
......................
11g(ii)
(iii)
a 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of support?
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
14,704,606
22,305,441
22,400,673
21,845,537
25,650,253
106,906,510
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3..
14,704,606
22,305,441
22,400,673
21,845,537
25,650,253
106,906,510
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
22,672,197
6
Public Support. Subtract line 5 from line 4.
84,234,313
Section B. Total Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
7
Amounts from line 4..
14,704,606
22,305,441
22,400,673
21,845,537
25,650,253
106,906,510
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
265,162
245,441
113,486
68,343
146,601
839,033
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..
11
Total support (Add lines 7 through 10).
107,745,543
12
Gross receipts from related activities, etc. (See instructions.)
..................
12
949,858
13
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here..........................................
Section C. Computation of Public Support Percentage
14
Public Support Percentage for 2010 (line 6 column (f) divided by line 11 column (f))
.........
14
78.180 %
15
Public Support Percentage for 2009 Schedule A, Part II, line 14
...............
15
78.970 %
16a
33 1/3% support test—2010.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
......................
b
33 1/3% support test—2009.
If the organization did not check the box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2010.
If the organization did not check a box on line 13, 16a, or 16b and line 14
is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported
organization
..................................................
b
10%-facts-and-circumstances test—2009.
If the organization did not check a box on line 13, 16a, 16b, or 17a and line
15 is 10% or more, and if the organization meets the "facts and circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts and circumstances" test. The organization qualifies as a publicly supported organization
..............................................
18
Private Foundation
If the organization did not check a box on line 13, 16a, 16b, 17a or 17b, check this box and see
instructions
...................................................
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public Support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2006
(b) 2007
(c) 2008
(d) 2009
(e) 2010
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
13
Total support (Add lines 9, 10c, 11 and 12.).
14
First Five Years
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public Support Percentage for 2010 (line 8 column (f) divided by line 13 column (f))
.........
15
16
Public support percentage from 2009 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2010 (line 10c column (f) divided by line 13 column (f))
......
17
18
Investment income percentage from 2009 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2010.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3% and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
..........
b
33 1/3% support tests—2009.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
....
20
Private Foundation
If the organization did not check a box on line 14, 19a or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information.
Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2010
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
THE MULTIPLE MYELOMA RESEARCH FOUNDATION INC
Employer identification number
06-1504413
Identifier
Return Reference
Explanation
NEW PROGRAM SERVICES
FORM 990, PART III, LINE 2
THE MULTIPLE MYELOMA RESEARCH FOUNDATION, (THE "MMRF") INTENDS TO SPONSOR A MULTI-YEAR PERSONALIZED MEDICINE RESEARCH INITIATIVE IN MULTIPLE MYELOMA. IT BEGAN CERTAIN PROCESSES IN TAX YEAR 2010 IN CONTEMPLATION OF SUCH INITIATIVE AND INTENDS TO START SUCH INITIATIVE BEGINNING IN TAX YEAR 2011. THIS IS A NEW ACTIVITY FOR THE MMRF AS IT WILL BE TAKING ON THE RESPONSIBILITIES OF A SPONSOR OF RESEARCH (E.G., INITIATION, MANAGEMENT, AND/OR FINANCING OF THE RESEARCH) RATHER THAN SIMPLY FUNDING SUCH RESEARCH SPONSORED BY A THIRD PARTY, AS IT HAS DONE PREVIOUSLY. THEREFORE, MMRF IS REPORTING THIS ACTIVITY TO THE IRS AS A CHANGE IN ITS ACTIVITIES PURSUANT TO SECTION III QUESTION 2 OF THIS FORM 990. PURSUANT TO THE MMRF'S CERTIFICATE OF INCORPORATION, ONE OF ITS PURPOSES IS TO "SUPPORT AND PROMOTE IMPROVED TREATMENT AND DEVELOPMENT OF A CURE FOR MULTIPLE MYELOMA... [N]OTWITHSTANDING ANY OTHER PROVISION OF THIS CERTIFICATE OF INCORPORATION, THE OBJECTS AND PURPOSES OF THE CORPORATION SHALL BE EXCLUSIVELY CHARITABLE, SCIENTIFIC AND EDUCATIONAL WITHIN THE MEANING OF CODE SECTION 501(C)(3)." TO MEET THIS PURPOSE, THE MMRF INTENDS TO SPONSOR SCIENTIFIC RESEARCH CARRIED ON IN THE PUBLIC INTEREST TO DISCOVER A CURE FOR MULTIPLE MYELOMA. MMRF INTENDS TO SPONSOR A PERSONALIZED MEDICINE INITIATIVE IN WHICH 1000 OR MORE NEWLY DIAGNOSED PATIENTS WILL BE ENROLLED THROUGH SEVERAL SITES (I.E., HOSPITALS, ACADEMIC MEDICAL CENTERS AND OTHER COMMUNITY HEALTH CENTERS) ACROSS THE COUNTRY. NO EXPERIMENTAL DRUG WILL BE USED IN THE STUDY. RATHER BLOOD AND BONE MARROW SAMPLES WILL BE TAKEN FROM THE PATIENTS PERIODICALLY OVER THE COURSE OF THEIR TREATMENT. THE STANDARD OF CARE (I.E., DRUGS AND TREATMENT) FOR EACH PATIENT WILL BE DETERMINED BY SUCH PATIENT'S PERSONAL PHYSICIAN. THE TISSUES SAMPLES COLLECTED WILL BE PLACED IN A BIOBANK. AN UNRELATED, THIRD PARTY, NOT-FOR-PROFIT BIOMEDICAL RESEARCH INSTITUTE WOULD THEN PERFORM LABORATORY TESTS ON A PORTION OF EACH OF THE SAMPLES RESULTING IN GENOMIC DATA ABOUT EACH PATIENT. THE PURPOSE OF THE RESEARCH STUDY AS SET FORTH IN THE RESEARCH STUDY PROTOCOL IS AS FOLLOWS: "THE OBJECTIVE OF THIS LONGITUDINAL STUDY IS TO IDENTIFY PATIENT SUBGROUPS AND PHENOTYPES DEFINED BY MOLECULAR PROFILING AND CLINICAL FEATURES. THESE PROFILES WILL ENABLE A BETTER UNDERSTANDING OF MECHANISMS OF DISEASE, DRUG RESPONSE AND PATIENT RELAPSE. ULTIMATELY THE STUDY IS INTENDED TO DRIVE SUCCESSFUL DRUG DEVELOPMENT AND PATIENT CARE IN MULTIPLE MYELOMA." BASICALLY, A PERSONALIZED MEDICINE APPROACH LOOKS AT AN INDIVIDUALS GENETIC MAKE UP, ALLOWING PHYSICIANS TO GIVE THE RIGHT DRUG, AT THE RIGHT DOSE, TO THE RIGHT PATIENT, AT THE RIGHT TIME BASED ON THE PATIENT'S GENETIC INFORMATION. IN OTHER WORDS, THE ULTIMATE GOAL OF THE RESEARCH STUDY IS TO COME UP WITH A STANDARD OF CARE MODEL FOR MULTIPLE MYELOMA BASED ON A PATIENT'S GENOMIC DATA. ONCE A CERTAIN NUMBER (E.G., 50) OF PATIENTS' INFORMATION HAS BEEN COLLECTED AND THE GENOMIC DATA PRODUCED FROM THE LABORATORY TESTS CONDUCTED BY THE THIRD PARTY, THE GENOMIC DATA AND THE CLINICAL DATA COLLECTED ON EACH PATIENT, WILL BE PLACED INTO ONE LARGE DATABASE (I.E., THAT CONTAINS BOTH GENOMIC AND CLINICAL DATA) (THE "PATIENT DATA REPOSITORY"). THE PATIENT DATA REPOSITORY WILL THEN BE ACCESSIBLE VIA THE INTERNET TO RESEARCHERS. EACH TIME A NEW MILESTONE NUMBER OF PATIENTS' SAMPLES HAVE BEEN ANALYZED AND GENOMIC INFORMATION DERIVED (E.G., 50, 100, 150, 200 ETC.), SUCH INFORMATION, ALONG WITH THE CLINICAL DATA OF THE RELEVANT PATIENTS, WILL BE POSTED TO THE PATIENT DATA REPOSITORY AND ACCESS GRANTED TO RESEARCHERS. ACCESS TO INFORMATION POSTED TO THE PATIENT DATA REPOSITORY WILL OCCUR AS FOLLOWS: AFTER ANY POSTING OF INFORMATION TO THE PATIENT DATA REPOSITORY, THE MMRF, CERTAIN PRINCIPAL INVESTIGATORS IN MULTIPLE MYELOMA RESEARCH FROM LEADING ACADEMIC MEDICAL CENTERS, CERTAIN SITES WHICH HAVE ENROLLED PATIENTS INTO THE RESEARCH STUDY (E.G., HIGH ENROLLING SITES), A NOT-FOR-PROFIT BIOMEDICAL RESEARCH INSTITUTE WHICH IS A LEADER IN GENOMIC RESEARCH, AND CERTAIN PHARMACEUTICAL AND BIOTECH COMPANIES WILL HAVE ACCESS TO THE INFORMATION FOR THE FIRST NINE MONTHS AFTER EACH POSTING OF INFORMATION. EACH WILL HAVE THE RIGHT TO PUBLISH THEIR FINDINGS (I.E., IN SCIENTIFIC JOURNALS, TREATISE, ETC.) STARTING 9 MONTH AFTER EACH POSTING. AFTER THE FIRST 9 MONTHS FOLLOWING ANY POSTING OF INFORMATION, ANY RESEARCHERS AND ENROLLING SITES INVOLVED IN THE RESEARCH STUDY THAT DID NOT YET HAVE ACCESS TO THE PATIENT DATA REPOSITORY WILL HAVE ACCESS AND BE ABLE TO PUBLISH THEIR FINDINGS. AT THE END OF THE 12TH MONTH FOLLOWING ANY POSTING, THE INFORMATION CONTAINED IN SUCH POSTING WILL BE AVAILABLE TO THE INTERESTED PUBLIC FOR RESEARCH, EDUCATION AND PUBLICATION. FUNDING FOR THE PERSONALIZED MEDICINE INITIATIVE WILL BE DERIVED PRIMARILY (>60%) FROM PRIVATE DONATIONS. SUPPLEMENTAL FUNDING WILL ALSO BE FROM SEVERAL PHARMACEUTICAL AND BIOTECH COMPANIES. THESE COMPANIES WILL NOT HAVE ANY DECISION-MAKING AUTHORITY OVER THE PROTOCOL DESIGN, OVER WHO CAN ACCESS INFORMATION POSTED TO THE PATIENT DATA REPOSITORY, OVER THE CONTENT OF INFORMATION POSTED TO THE PATIENT DATA REPOSITORY, OR OVER WHO CAN ACCESS PATIENT TISSUE. THE SELECTION OF ENROLLING SITES IS IN THE SOLE DISCRETION OF THE MMRF. ALL SCIENTIFIC DECISIONS WILL BE MADE BY A SCIENTIFIC ADVISORY BOARD COMPOSED SOLELY OF NON-INDUSTRY SCIENTISTS AND RESEARCHERS. TISSUE SAMPLES FROM THE PATIENTS IN THE RESEARCH STUDY WILL BE AVAILABLE TO THE ENTITIES AND INDIVIDUALS WHO HAVE HAD ACCESS TO THE PATIENT DATA REPOSITORY, WITH CONSIDERATION GOING TO THE ENTITIES AND RESEARCHERS WHO PARTICIPATED DIRECTLY IN THE RESEARCH STUDY AND WHO CAN MOST EFFICIENTLY AND EFFECTIVELY USE THE SAMPLES IN CONJUNCTION WITH THE INFORMATION POSTED IN THE PATIENT DATA REPOSITORY TO FURTHER A CURE FOR MULTIPLE MYELOMA.
FORM 990, PART VI, SECTION A, LINE 2
KATHY GIUSTI, CEO AND KAREN ANDREWS, CO-FOUNDER AND BOD MEMBER ARE SISTERS.
FORM 990, PART VI, SECTION A, LINE 3
JUDITH FINLEY PROVIDED HUMAN RESOURCE SERVICES AND REPORTED DIRECTLY TO THE CEO. KATHY GUISTI.
FORM 990, PART VI, SECTION B, LINE 11
THE 990 FORM IS REVIEWED INTERNALLY BY THE EXECUTIVE MANAGEMENT WITH NOTIFICATION AND COPIES OF THE 990 SENT TO MEMBERS OF THE BOARD UPON FILING.
FORM 990, PART VI, SECTION B, LINE 12C
DUTY TO DISCLOSE A POTENTIAL CONFLICT OF INTEREST. ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST TO THE BOARD OR CONFLICTS COMMITTEE AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD, MEMBERS OF THE CONFLICTS COMMITTEE AND ALL MEMBERS OF ANY COMMITTEE CONSIDERING THE PROPOSED CONTRACT OR TRANSACTION. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR CONFLICTS COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR CONFLICT COMMITTEE MEMBERS, AS APPLICABLE, SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. I. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR CONFLICTS COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE CONTRACT OR TRANSACTION THAT RESULT IN THE CONFLICT OF INTEREST. II. THE CHAIR OF THE BOARD OR CHAIRPERSON OF THE CONFLICTS COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR APPOINT OR ESTABLISH AN ADVISORY COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED CONTRACT OR TRANSACTION. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR THE CONFLICTS COMMITTEE SHALL TAKE ALL REASONABLE STEPS TO DETERMINE WHETHER THE MMRF CAN OBTAIN A MORE ADVANTAGEOUS CONTRACT OR TRANSACTION WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS CONTRACT OR TRANSACTION IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR CONFLICT COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE, BUT NOT LESS THAN TWO, OF THE DISINTERESTED DIRECTORS OR MEMBERS THEREOF WHETHER THE CONTRACT OR TRANSACTION IS IN THE MMRFS BEST INTEREST AND IS FAIR AND REASONABLE TO THE MMRF; PROVIDED, HOWEVER, IF SUCH CONTRACT OR TRANSACTION IS APPROVED BY DISINTERESTED DIRECTORS WHO DO NOT SATISFY A QUORUM OR VOTING REQUIREMENT APPLICABLE TO THE AUTHORIZATION OF THE ACTION BY REASON OF THE MMRFS CERTIFICATE OF INCORPORATION, BYLAWS OR A PROVISION OF LAW, THE ACTION MUST BE INDEPENDENTLY APPROVED BY SUCH INTERESTED AND DISINTERESTED DIRECTORS AS SATISFY THE APPLICABLE QUORUM OR VOTING REQUIREMENT. VIOLATION OF THE CONFLICTS OF INTEREST POLICY III. IF THE BOARD OR CONFLICTS COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR, OFFICER OR COMMITTEE MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD SUCH PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE DIRECTOR, OFFICER OR COMMITTEE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR CONFLICTS COMMITTEE DETERMINES THAT SUCH PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD OR CONFLICTS COMMITTEE, AS APPLICABLE, SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
FORM 990, PART VI, SECTION B, LINE 15
PROCESS FOR DETERMINING COMPENSATION OF: A. CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL - THE HUMAN RESOURCES COMMITTEE SHALL BE RESPONSIBLE FOR (A) ASSISTING THE BOARD IN ENSURING THAT THE HUMAN RESOURCES AND COMPENSATION POLICES OF THE CORPORATION ARE (I) IN ACCORDANCE WITH ALL LAWS AND REGULATION; (II) WITHIN THE BUDGET APPROVED BY THE BOARD; AND (III) CONDUCIVE TO INDIVIDUAL AND GROUP PRODUCTIVITY AND MORALE; (B) PROVIDING GUIDANCE REGARDING THE CORPORATION'S PERSONNEL POLICIES AND THEIR ADMINISTRATION; (C) KEEPING THE EXECUTIVE COMMITTEE INFORMED OF ANY MATTERS WITH RESPECT TO THE CORPORATIONS' HUMAN RESOURCES, PERSONNEL AND COMPENSATION POLICIES THAT REQUIRE THE ATTENTION OF THE BOARD; (D) REVIEWING THE CORPORATION'S EMPLOYMENT AND PERSONNEL POLICIES AND MONITORING THEIR IMPLEMENTATION; (E) HAVING OVERSIGHT RESPONSIBILITY TO ENSURE THAT THERE ARE WELL-DEFINED PERSONNEL PROCEDURES IN KEEPING WITH BEST STANDARDS AND THAT ALL EMPLOYEES ARE INFORMED IN WRITING ABOUT PERSONNEL POLICIES AND PROCEDURE; (F) REVIEWING AND RECOMMENDING FOR THE EXECUTIVE COMMITTEE'S APPROVAL THE JOB DESCRIPTIONS FOR SENIOR STAFF POSITIONS; (G) ASSISTING MANAGEMENT IN THE ATTRACTION, DEVELOPMENT AND RETENTION OF TOP TALENT; (H) REVIEWING THE EVALUATION OF SENIOR STAFF BY THE CHIEF EXECUTIVE OFFICER AND MAKING RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE AS APPROPRIATE; (I) MAKING RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE CONCERNING THE CHIEF EXECUTIVE OFFICER'S ANNUAL COMPENSATION AND BENEFITS; (J) APPROVING THE CHIEF EXECUTIVE OFFICER'S RECOMMENDATIONS AND ADVISING THE EXECUTIVE COMMITTEE OF SUCH CONCERNING ANNUAL COMPENSATION AND BENEFITS FOR SENIOR MANAGEMENT (INCLUDING NEW HIRES); (K) PROVIDING GUIDANCE TO THE EXECUTIVE COMMITTEE AND THE AUDIT AND FINANCE COMMITTEE WITH REGARD TO OVERALL COMPENSATION AND BENEFIT POLICIES AND (L) ASSISTING IN THE DEVELOPMENT AND RECOMMENDATION TO THE BOARD OF A COMPREHENSIVE SUCCESSION PLAN. SUBJECT TO THE PROVISIONS OF THIS SECTION 5.6, THE HUMAN RESOURCES COMMITTEE SHALL HAVE SUCH ADDITIONAL PURPOSE, MEMBERSHIP, GENERAL AND SPECIFIC FUNCTIONS AND RESPONSIBILITIES AS ARE PROVIDED FOR IN ANY COMMITTEE CHARTER OF THE HUMAN RESOURCES COMMITTEE APPROVED BY THE ENTIRE BOARD. B. OFFICERS OR KEY EMPLOYEES: OFFICERS OF THE COMPANY, ACCORDING TO THE BY-LAWS, ARE: (I) CHAIR OF THE BOARD - NO COMPENSATION PROVIDED (I) CHIEF EXECUTIVE OFFICER (III) CHIEF OPERATING OFFICER (IV) TREASURER (CHIEF FINANCIAL OFFICER) (V) SECRETARY (SENIOR IN-HOUSE COUNSEL). KEY EMPLOYEES ARE: CHIEF SCIENTIFIC OFFICER THESE PERSONS USE THE SAME PROCESS FOR ELECTION BY THE HUMAN RESOURCES COMMITTEE AS DESCRIBED ABOVE FOR ELECTING THE CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL.
FORM 990, PART VI, SECTION C, LINE 19
YES DOCUMENTS ARE AVAILABLE TO THE PUBLIC: GOVERNING DOCUMENT - UPON REQUEST CONFLICT OF INTEREST POLICY - UPON REQUEST FINANCIAL STATEMENTS - AVAILABLE ON WEBSITE
CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990, PART XI, LINE 5:
NET UNREALIZED GAINS ON INVESTMENTS: 58,346.
FORM 990, PART XII, LINE 2C
THE PROCESS HAS NOT CHANGED
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.