Global Biological Standards Institute LLC

“Raymond cypess, laurie boyer, ralph koch, and therese sellars, directors and officers of gbsi, had a business relationship during the tax year; they all served as directors and/or officers of atcc cell systems, inc., a related party as discussed on schedule r.”

“Gbsi is a district of columbia limited liability corporation. The sole member of gbsi is bionexus foundation, a non-profit corporation organized under the laws of the district of columbia with tax exempt status pursuant to section 501(c)(3). Bionexus foundation had the power to appoint the initial managers of gbsi and may remove any manager with or without cause by a majority or more vote of the bionexus foundation board of directors.”

“The written consent of bionexus foundation, gbsi's sole member, is required to approve the following matters: (i) gbsi's annual budget and any revisions thereof; (ii) the dissolution or winding up of gbsi; (iii) the merger or consolidation of gbsi; (iv) encumberance, lease or other disposition or transfer of all or substantially all of the assets of gbsi; (v) the sale, transfer, contribution, exchange, mortgage, pledge; (vi) amendments to this agreement; and (vii) any expenditures not provided for or in excess of those provided for in gbsi's annual budget.”

“All meetings and minutes involving gbsi were recorded by bionexus foundation.”

“The form 990 is prepared by pricewaterhousecoopers llp ("pwc"), based on the information provided by the organization's staff. The board of directors has delegated the review of the form 990 to the atcc global finance and audit committee. Prior to filing with the irs, the form 990 is provided to the atcc global finance and audit committee. Once the form 990 is reviewed by the committee and is made available to the board, pwc signs as preparer and the chief financial officer signs on behalf of the organization.”

“Gbsi has a conflict of interest policy that requires officers and directors to disclose annually interests that could give rise to conflicts. This policy is consistently monitored and enforced. Board members who have a conflict of interest do not vote on any matter related to the issue for which they have a potential conflict. Conflict of interest forms are distributed to, and signed by, the members of the board, and then returned to outside counsel for review. Disclosed conflicts, if any, are assessed by outside counsel, and outside counsel assists with any necessary follow up activities.”

“Atcc, a related organization, pays compensation for all gbsi officers and employees. The process for determining compensation is conducted by atcc global, another related organization. The compensation committee of the atcc global board of directors reviews recommendations by the ceo of atcc and gives final approval for the compensation programs for atcc to include market and range adjustments, merit increases, bonuses and benefits. A third party analysis of total executive compensation was conducted for calendar year 2014 compensation, and a similar analysis for the rest of the executive team will be completed in 2017. The compensation committee reviews and approves compensation for the ceo and executives using data for similarly qualified persons in functionally comparable positions within similar industries. Documentation of such discussions and decisions are captured in the meeting minutes.”

“Gbsi does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“The global biological standards institute llc ("gbsi") is dedicated to enhancing the quality of biomedical research by advocating best practices and standards to accelerate the translation of research breakthroughs into life-saving therapies.”

“Description:consultants total fees:837397”

“Description:contracted services total fees:59211”