The Biomimicry Institute

“The following is the official biomimicry institute 990 policy included as part of its board of directors' governance policies: the biomimicry institute recognizes that the board of directors has the right to review the form 990 prior to its filing. Procedure is as follows: a. The biomimicry's senior management is responsible for the timely preparation of form 990. B. The completed form 990 is provided to the finance committee of the board of directors sufficiently in advance of the filing deadline to enable a comprehensive and careful review by all members of the committee. Questions and concerns of the finance committee members are addressed by the biomimicry institute's financial officer and incorporated into the form 990 as appropriate. C. All members of the board of directors are invited to view the completed form 990 in advance of the filing deadline. Questions and concerns of the board are addressed by the biomimicry institute's financial officer and incorporated into the form 990 as appropriate. D. After all of the input from the board of directors and finance committee has been appropriately addressed, senior management of the biomimicry institute files the final form 990 as required.”

“According to the biomimicry institute's (tbi) conflict of interest policy each director, principal, officer and member of the committee with governing boarddelegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy and d. Understands tbi is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its taxexempt purposes. In addition, our policy calls for periodic reviews to ensure tbi operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its taxexempt status. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable based on competent survey information, and the result of arm's length bargaining b. Whether partnerships, joint ventures, and reasonable investment of payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“The board of directors conducts an annual review of total compensation and benefits for all officers and key employees. Part of the review is to determine which employees are officers or key employees. The review is based on comparable compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. The board also documents its deliberations and decisions regarding the compensation arrangement and as to any changes to be implemented in compensation or benefits for the designated persons. The process was last conducted in october 2022.”

“The 990, governing documents, policies, and financial statements are made available to the public upon request. They are also available through third party sites such as guidestar. The 990 and audited financial statements are also available on our website.”

“Professional services: program service expenses 639,619. Management and general expenses 25,499. Fundraising expenses 7,212. Total expenses 672,330.”