Battelle Memorial Institute

“A detailed analysis of form 990 and 990t and final copies of each form are provided to every member of the board of directors prior to filing. The audit committee of the board of directors holds a special meeting to review and approve the forms for filing. The audit committee reports its findings and conclusions to the entire board following the committee meeting.”

“Each year, bmi requires all employees to take an online training course that provides training on battelle's code of business ethics and conduct. Battelle's code of business ethics and conduct includes provisions that set forth battelle's obligations as a tax exempt organization and the requirements with respect to personal and organizational conflicts of interest that each employee is expected to follow. Upon completion of the course, each employee is required to electronically certify that they have reviewed battelle's code of business ethics and conduct. Bmi maintains an ethics hot line for its staff to report concerns and suspected violations of battelle's policies and code of business ethics and conduct. Reported matters and concerns are given due consideration and investigated appropriately.”

“Compensation policy: bmi has a comprehensive total compensation policy which it applies to all employees. Bmi's policy is to compensate each employee in a manner which is equitable and consistent with the market value of his/her position, his/her performance, and compensation of his/her associates and peers. The goal underlying bmi's policy is to attract, retain, and reward the high-quality employees it needs to continue and advance its exempt purposes. In implementing its policy, bmi rigorously utilizes national, regional, and local compensation surveys and benchmarking of other organizations to establish market-comparability of total compensation and takes great care to structure compensation programs to comply with all relevant legal, tax and regulatory requirements. When considering and approving key executive compensation, the bmi board of director's normal practice is to follow procedures which establish a rebuttable presumption of reasonableness pursuant to treasury regulation section 53.4958-6.”

“Bmi provides form 1023, application for tax exemption, on request. Form 1023 includes the articles of incorporation and the code of regulations. The code of regulations in form 1023 does not reflect the changes made on november 12, 2008. Bmi makes forms 990 and 990t available to the public from its web site. The conflict of interest policies and financial statements are not made available to the public.”

“Subcontract & consulting: program service expenses 1,929,498,845. Management and general expenses 1,023,570,558. Fundraising expenses 0. Total expenses 2,953,069,403.”

“Pension and post retirement benefits 269,025,751. Noncontrolling interest -760,523. Market value adjustment 6,298,827.”