Cold Spring Harbor Laboratory

“990 review the consolidated financial statements and the 990 of the organization are prepared by the finance office of cold spring harbor laboratory. The finance office uses the books and records of the organization to prepare the financial statements and the 990. These records are largely included in the audited documents by an independent auditor. Upon completion of the audited financial statements, the remaining documentation needed to prepare the 990 is finalized. The cfo then proceeds with a detailed review of the 990, with additional documentation and schedules. These documents are forwarded to grant thornton, llp who reviews the draft return and supporting information and prepares the return for electronic filing to the irs. Copies of the return are reviewed by the audit and risk committee and provided to members of the board of trustees prior to filing with the irs.”

“Conflict of interest policy the organization requires all senior staff to file an annual questionnaire disclosing possible sources of conflict of interest according to the conflict of interest policy of the organization. The organization also requires all officers, trustees and key personnel to file an annual questionnaire disclosing possible sources of conflict of interest according to the conflict of interest policy of the organization. The board of trustees is made up of a large group of leaders within the scientific and financial communities. Any member with a perceived or actual conflict with respect to a contemplated transaction shall recuse themselves from any deliberation or determination of the transaction considered. Reporting is managed by the office of the chief operating officer and the office of the general counsel for officers, trustees and key personnel and the conflict of interest and compliance coordinator and the office of the general counsel for senior staff.”

“Compensation the compensation of all staff members earning wages in excess of $250,000, including the president and chief operating officer, is determined by an executive commitee of the board of trustees upon recommendation of the compensation review and advisory sub-committee. The vp human resources reports directly to the compensation rewiew and advisory sub-committee, which is made up of independent members of the board of trustees. Reporting includes comparability data and other information gathered at the request of the sub-committee. Contemporaneous substantiation of the deliberation and discussion by the compensation review and advisory sub-committee and the executive committee is maintained by the vp of human resources.”

“Governing documents the organization maintains all documents including governing documents, conflict of interest policies, annual reports, financial statements and tax returns for public inspection at the finance office of cold spring harbor laboratory, located at 1 bungtown road, cold spring harbor, new york 11724. In addition many of these documents are available online at www.cshl.edu.”

“Change in fair value of interest rate swap 397,646.”