Foundation for Marine Animal Husbandry Animal Husbandry Inc

“Houghton Mifflin Harcourt Publishers, Inc. is the sole Member of the Foundation for Marine Animal Husbandry, Inc.”

“Houghton Mifflin Harcourt Publishers, Inc., the sole Member of the Foundation for Marine Animal Husbandry, Inc., may exclusively appoint and remove all members of the governing body.”

“Houghton Mifflin Harcourt Publishers, Inc., possesses and may exercise exclusive voting rights at all meetings of the Members.”

“The Foundation for Marine Animal Husbandry, Inc. did not have a formal policy regarding contemporaneous documentation of meetings or written actions of the governing body or committees in place during the tax year.”

“Please see explanation for Form 990, Part VI, Section A, line 8a.”

“The Form 990 is prepared by an independent accounting firm with the assistance of staff members from Houghton Mifflin Harcourt Publishing Company, a related organization. A draft is provided to the Foundation's Controller and Assistant Treasurer, who reviews the return on behalf of the Board and make any necessary changes. After the officer review is complete and any changes have been incorporated into the return, the Form 990 is filed with the IRS.”

“All Officers and Directors of the Foundation for Marine Animal Husbandry, Inc. are employees of a related organization, Houghton Mifflin Harcourt Publishing Company. The CEO's compensation is determined by a written contract approved by the Compensation Committee and Board of Directors. CEO contract has an indicated bonus target percentage. Each year, the Compensation Committee approves targets for bonus and, if applicable, recommends equity compensation. Based on performance, the Compensation Committee makes recommendations to the Board of Directors for final approval of CEO compensation.”

“Financial information and governing documents are available to the public upon request.”

“All Officers and Directors of the Foundation for Marine Animal Husbandry, Inc. are employees of a related organization, Houghton Mifflin Harcourt Publishing Company. Compensation reported on Form 990, Part VII, Section A represents salary, benefits, and other compensation for services rendered to Houghton Mifflin Harcourt Publishing Company. and does not represent compensation for services rendered to the Foundation. Please note that since Joseph Abbott did not begin his employment with the organization until March 2016, there is no calendar year 2015 compensation reported for him on Part VII-A, Line 1 in accordance with IRS instructions.”

“Purchased Services: Program service expenses 263,049. Management and general expenses 58,476. Fundraising expenses 0. Total expenses 321,525.”

“Although the Organization receives income from gifts, grants, and contributions no fundraising activity is carried out by the Organization itself. Rather, Mar3ine, a 501(c)(3) public charity, conducts fundraising activities on the Organization's behalf. Therefore, the Organization is reporting no fundraising expenses on Form 990, Part IX, Column D.”

“Transfer of Net Assets Upon Dissolution -693.”