Bioone

“The bylaws were updated in may 2023, with the most significant change being the removal of a founding organization from "active" status.”

“Bioone has five founding organizations, three of which are able to appoint directors according to the organization's bylaws.”

“According to the organization's bylaws, bioone's board of directors shall be composed of three members appointed by the three active founding organizations and up to 12 at large members elected by the board. The three active founding organizations with these appointment rights are: the american institute of biological sciences, the scholarly publishing and academic resources coalition, and the greater western library alliance. No individual member of the governing board has the power to appoint someone to the board.”

“The form 990 was distributed to bioone's audit and oversight committee (aoc), which reviewed the form for accuracy, and made a report to the full board of directors at its next meeting. If there are any questions or problems raised by the aoc, details are worked through with bioone management. The final document is submitted to the entire board of directors, and reviewed a final time by the aoc, before filing with the irs. The form 990 is also posted on the organization's website.”

“Bioone has adopted a code of ethics, conflict of interest, anti-fraud and inclusivity policies that are distributed to staff and all directors and officers. These documents are reviewed and redistributed as part of an annually updated handbook for the board of directors. Monitoring and enforcement of these policies are done at each meeting of the board when issues are raised that could potentially be considered conflicts of interest. If a director feels that there is a conflict, they leave the meeting, the action and reason are documented in the minutes, and if necessary, details of the decision are carefully expunged from the set of minutes distributed to that director following the meeting. Directors sign annually a formal disclosure statement. Originals are kept in the bioone hq office and in a secure location online.”

“The president/ceo's compensation for 2023 was informed by her employment contract, signed in august 2021, which provides evaluation criteria for annual increases, determined by the executive committee/compensation committee each fall. In assessing the president/ceo's compensation and annual adjustments, the committee considers comparable data from similar sized non-profit organizations, published compensation reports by prominent organizations, as well as consultation with bioone's partners as applicable. The annual performance review with the executive directors committee was held in august 2023. In turn, the president/ceo is responsible for the compensation of all other employees of the organization. Salaries, benefits, and eligible promotions are reviewed on an annual basis and benchmarked across a variety of sources, to include comparable data from similar sized non-profit organizations, and published compensation reports for non-profit organizations, for dc-based organizations, and for organizations operating in scholarly communications. Annual adjustments to employee compensation are included as part of the annual budget, reviewed and approved by the bioone board of directors in november of each year. Adjustments recommended by the ceo outside of the budget cycle similarly must be reviewed and approved by the bioone board of directors.”

“The organization makes its governing documents, conflict of interest policy, and audited financial statements available upon request. The audited financial statements are also posted on the organization's website.”

“The organization began a new program, bioone ebook collections.”

“SURPLUS SHARE -987,659.”