Civic Intelligence

Commonwealth Scientific and Industrial

990 • Fiscal year 2018 • EIN 98-0119947

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

Clunies Ross StreetActon, ACT 2601As

(612) 627-6635

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.19x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

26th percentile

0.39x

Higher debt load relative to revenue than 26% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Net Margin

8th percentile

-4.6%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Top Officer Pay

1st percentile

$0

Higher top officer pay than 1% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Asset Growth

60th percentile

6.4%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

6.0%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,157,411,435

Up $130,391,635 (+6.4%) from 2017

Net Assets

Up

$1,742,405,188

Up $100,022,630 (+6.1%) from 2017

Liabilities

Up

$415,006,247

Up $30,369,005 (+7.9%) from 2017

Revenue

Up

$1,060,962,998

Up $60,049,113 (+6.0%) from 2017

Expenses

Up

$1,109,448,930

Up $92,184,075 (+9.1%) from 2017

Net Income

Down

-$48,485,932

Down $32,134,962 (-197%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2011: $2,583,033Liabilities 2011: $522,762Net Assets 2011: $2,060,2712011Assets 2012: $2,991,841Liabilities 2012: $593,515Net Assets 2012: $2,398,3262012Assets 2013: $2,974,411Liabilities 2013: $607,730Net Assets 2013: $2,366,6812013Assets 2014: $2,646,503Liabilities 2014: $525,976Net Assets 2014: $2,120,5272014Assets 2015: $2,398,183Liabilities 2015: $447,822Net Assets 2015: $1,950,3622015Assets 2016: $2,052,835Liabilities 2016: $385,614Net Assets 2016: $1,667,2212016Assets 2017: $2,027,019,800Liabilities 2017: $384,637,242Net Assets 2017: $1,642,382,5582017Assets 2018: $2,157,411,435Liabilities 2018: $415,006,247Net Assets 2018: $1,742,405,1882018Assets 2019: $2,033,338,820Liabilities 2019: $414,679,109Net Assets 2019: $1,618,659,7112019Assets 2020: $1,946,650,501Liabilities 2020: $463,727,482Net Assets 2020: $1,482,923,0192020Assets 2021: $2,210,702,659Liabilities 2021: $493,916,926Net Assets 2021: $1,716,785,7332021Assets 2022: $2,284,667,877Liabilities 2022: $510,361,955Net Assets 2022: $1,774,305,9222022Assets 2023: $2,324,325,699Liabilities 2023: $536,502,292Net Assets 2023: $1,787,823,4072023Assets 2024: $2,388,986,347Liabilities 2024: $486,503,862Net Assets 2024: $1,902,482,4852024

Highlighted filing

2018

Assets$2,157,411,435
Liabilities$415,006,247
Net Assets$1,742,405,188

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5B$1.0B$500M$0-$500MRevenue 2011: $1,483,242Expenses 2011: $1,251,445Net Income 2011: $231,7972011Revenue 2012: $1,565,586Expenses 2012: $1,359,384Net Income 2012: $206,2022012Revenue 2013: $1,311,316Expenses 2013: $1,354,841Net Income 2013: -$43,5252013Revenue 2014: $1,176,094Expenses 2014: $1,217,773Net Income 2014: -$41,6792014Revenue 2015: $1,068,852Expenses 2015: $1,099,458Net Income 2015: -$30,6062015Revenue 2016: $972,511Expenses 2016: $1,024,389Net Income 2016: -$51,8782016Revenue 2017: $1,000,913,885Expenses 2017: $1,017,264,855Net Income 2017: -$16,350,9702017Revenue 2018: $1,060,962,998Expenses 2018: $1,109,448,930Net Income 2018: -$48,485,9322018Revenue 2019: $1,024,947,833Expenses 2019: $1,049,546,324Net Income 2019: -$24,598,4912019Revenue 2020: $942,337,007Expenses 2020: $977,330,777Net Income 2020: -$34,993,7702020Revenue 2021: $1,072,398,569Expenses 2021: $1,029,833,466Net Income 2021: $42,565,1032021Revenue 2022: $1,067,242,529Expenses 2022: $1,006,952,420Net Income 2022: $60,290,1092022Revenue 2023: $1,067,896,728Expenses 2023: $1,103,855,060Net Income 2023: -$35,958,3322023Revenue 2024: $1,114,389,675Expenses 2024: $1,119,535,683Net Income 2024: -$5,146,0082024

Highlighted filing

2018

Revenue$1,060,962,998
Expenses$1,109,448,930
Net Income-$48,485,932
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.3
Gross Receipts
$1,062,470,404
Mission and Program Overview

Mission

We deliver innovative solutions for industry, society and the environment through great science. We innovate for tomorrow and help improve today - for our customers, all australians and the world.

We deliver innovative solutions for industry, society and the environment through great science.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,735,239,927$1,804,006,014▲ $68,766,087
Pd in Cap Srpls Land Bldg Eqp Fund$1,312,070,545$1,451,345,230▲ $139,274,685
Rtn Earn Endowment Incm Other Fnds$330,312,013$291,059,958▼ $39,252,055
Savings and Temporary Cash Investments$94,692,000$137,921,000▲ $43,229,000
Investments Other Securities$52,368,758$75,344,070▲ $22,975,312
Accounts Receivable$60,455,681$65,552,705▲ $5,097,024
Intangible Assets$15,607,801$0▼ $15,607,801
Prepaid Expenses and Deferred Charges$10,345,235$12,213,911▲ $1,868,676
Cash and Non-Interest-Bearing Accounts$24,649,076$11,443,054▼ $13,206,022
Investments in Publicly Traded Securities$2,726,387$4,743,096▲ $2,016,709
Inventories for Sale or Use$1,163,098$1,168,008▲ $4,910
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,027,019,800$2,157,411,435▲ $130,391,635
Other Assets Total$29,771,837$45,019,577▲ $15,247,740
Liabilities
Other Liabilities$230,292,966$237,754,311▲ $7,461,345
Deferred Revenue$91,744,961$103,752,386▲ $12,007,425
Accounts Payable and Accrued Expenses$62,599,315$73,499,550▲ $10,900,235
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$384,637,242$415,006,247▲ $30,369,005
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,642,382,558$1,742,405,188▲ $100,022,630
Total Liabilities and Net Assets / Fund Balance$2,027,019,800$2,157,411,435▲ $130,391,635

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$975,844,822$1,159,057,659$2,134,902,481
Equipment$445,734,022$487,019,170$932,753,192
Land$382,427,170-$382,427,170

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$59,817,360$8,113,000▲ $3,612,090-$54,576,355
2016$51,136,972$19,727,500▲ $4,936,365$0$59,817,360
2015$70,264,504-▼ $5,589,606-$51,136,972
2014$97,452,427-▼ $3,206,532-$70,264,504
2013$128,665,952-▼ $5,151,097-$97,452,427
Compensation and Service Providers

Board Members and Trustees

NameTitle
David ThodeyBoard Chairman
David KnoxBoard Member
Drew ClarkeBoard Member
Edwina CornishBoard Member
James RanckBoard Member
Michele Judy AllanBoard Member
Peter RiddlesBoard Member
Shirley In't VeldBoard Member
Tanya MonroBoard Member
Adrian TurnerBusiness Unit Leader
Anthony WorbyBusiness Unit Leader
Douglas BockBusiness Unit Leader
John MannersBusiness Unit Leader
Jonathan LawBusiness Unit Leader
Keith McLeanBusiness Unit Leader
Marcus ZipperBusiness Unit Leader
Paul BertschBusiness Unit Leader
Robert GrenfellBusiness Unit Leader
Toni MoateBusiness Unit Leader
Thomas MunyardCFO
Larry MarshallChief Executive
Anita HillChief Scientist
Hazel BennettCOO (executive)
Craig RoyDeputy Chief Executive
David WilliamsExecutive
Peter MayfieldExecutive
Revenue and Support

Revenue Composition

Contributions and Grants
$643,806,304
Program Service Revenue
$328,730,937
Investment Income
$18,593,465
Other Revenue
$69,832,292
Change in Net Assets
$-48,485,932
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$566,197,285
Other Expenses$533,108,209
Grants and Similar Amounts Paid$10,143,436
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$491,444,746$0$0$491,444,746
Depreciation Depletion$147,214,899$0$0$147,214,899
All Other Expenses$121,637,960--$121,637,960
Pension Plan Contributions$74,752,539$0$0$74,752,539
Information Technology$48,639,643$0$0$48,639,643
Travel$28,630,276$0$0$28,630,276
Other Expenses$23,500,214$0$0$23,500,214
Conferences and Meetings$11,203,206$0$0$11,203,206
Foreign Grants$10,143,436--$10,143,436
Office Expenses$3,729,579$0$0$3,729,579
Fees for Services Legal$2,609,501$0$0$2,609,501
Interest$1,438,441$0$0$1,438,441
Advertising$1,199,600$0$0$1,199,600
Royalties$297,726$0$0$297,726
Total Functional Expenses$1,109,448,930$0$0$1,109,448,930
International Activity

International Summary

Offices
2
Employees
11,534
Spending
$1,097,300,244

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesSched O, Pt Iii, Ln 4a15,767$1,087,156,808
East Asia and the PacificGrantmakingSee Sched F, Pt V15,767$10,143,436
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Employee Provisions$177,574,962
Finance Leases$25,935,309
Provision for Remediation$24,189,805
Deposits from Third Parties$10,054,235
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Process used to review the form 990 csiro has a taxation unit within the finance department handling the organizations taxation compliance matters. Form 990 is prepared from csiro's audited financial statements, which are available on csiro's public website. The form is prepared by a tax advisor, reviewed by finance and hr management and the chief finance officer. The return is prepared with the expert assistance and review by qualified tax accountants from a us big four accounting firm.

Form 990, Part VI, Line 12C

Monitoring and enforcement of compliance with conflict of interest policy under the csiro terms and conditions of service, all staff have an obligation to report and where possible avoid conflict of interest in their work. The conflict of interest policy provides guidance on how staff comply with this requirement. In addition, senior staff are required to complete a return of their private interest and those of their immediate families to a declaration officer. This is updated annually so that the potential for conflict of interest can be identified and reported.

Form 990, Part VI, Line 15

Process for determining compensation csiro's ceo's remuneration is set within limits determined by the australian government remuneration tribunal. The remuneration tribunal is an independent statutory body that handles the remuneration of key commonwealth officers.

Form 990, Part VI Line 19

Process for making documents available to the public audited financial statements and organization structures are available on csiro's website for any interested parties. Specific governing documents and conflict of interest policy are not available to the general public. However, they may upon request be made available under the freedom of information act in australia.

Form 990, Part VII, Sections A and B

Csiro is a corporate body established by section 8 of the science and industry research act 1949(cth) ("sir act" of australia) and is bound by the privacy act 1988 (cth), as an agency of the australian government. The privacy act 1988 (cth) ("privacy act") regulates the collection, use, disclosure, storage and security of personal information of government agencies and private organizations. Csiro is a corporate body established by section 8 of the science and industry research act 1949 (cth) ("sir act") and is bound by the privacy act 1988 (cth), as an agency of the australian government. The privacy act includes 13 binding australian privacy principles ("apps") with which csiro must comply with in relation to its management of personal information. An individuals remuneration information is personal information under the privacy act. Accordingly and to ensure csiro operates consistently with the privacy act, csiro will only provide average remuneration paid to senior executives and board members: - the average compensation of the directors in calendar year 2017 is usd 61,441. - the average compensation of the officers and key employees in calendar year 2017 is usd 257,719. - andreas schiller received calendar year compensation that requires him to be reported as a former key employee.

Filing and Contact Details

Filer

Filer Name
Commonwealth Scientific and Industrial
EIN
98-0119947
In Care Of
% Thomas Munyard
Phone
6126276635
Address
AS

Signing Officer

Name
Thomas Munyard
Title
CFO
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Munyard
Formed
1949
Legal Domicile
As
Voting Board Members
10
Independent Board Members
9
Employees
5,767
Volunteers
89

Preparer

Firm
Ernst & Young US Llp
Address
4365 EXECUTIVE DR STE 1600, SAN DIEGO, CA 92121
Preparer
Ryan Mayor
Phone
8585357200
Supplemental Narrative

Additional Explanations

Exchange Rates and Rounding

All relevant financial information, including comparative figures for the year ended 30 june 2018 for part a, viii to xi have been converted from australian dollars (aud) to us dollars (usd) using the average exchange rate for the year ended 30 june 2018 as prescribed by the australian tax office (ato). The rate was aud$1.00 = usd$0.8113 and rounded to the nearest us dollar. However, for part x column a beginning of the year, the exchange rate used was aud$1.00 = usd$0.7891, being the average exchange rate for the year ended 30 june 2017 as prescribed by the ato.

Form 990, Part III, Line 4A

Statement of program services and accomplishments: csiro is an independent australian government research agency, constituted and operating under the provisions of the science and industry research act (i.e. An act of the australian government) and the financial rule made under section 41(2) and 42(2) of the public governance, performance and accountability act 2013. Csiro's primary functions which form the basis of exemption under irc section 501(c)(3) are: 1) to carry out scientific research for the purpose of assisting australian industries, furthering the interest of the australian community, contributing to the achievement of australian national objectives or the performance of the national and international responsibilities of the commonwealth and for any purpose determined by the minister. 2) to encourage or facilitate the application or utilization of the results of such research. Csiro's secondary functions included the international scientific liaison, training of research workers, publication of research results and dissemination of information about science and technology. Form 990, part v, line 2a csiro is an independent australian government research agency, constituted and operating under the provisions of the science and industry research act (i.e. An act of the australian government) and the financial rule made under section 41(2) and 42(2) of the public governance, performance and accountability act 2013. Csiro is not required to file form w-3 and is reporting total number of employees in this line. Form 990, part vi, lines 7a & 7b in accordance with the science and industry research act 1949, the government through their appointed minister, may give to the board, in writing, directions and guidelines with respect to the performance of the functions, or the exercise of the powers, of the board or of the organisation, and the board shall ensure that any directions or guidelines so given are complied with.

Form 990, Part XI, Line 9

Other changes in net assets movement due to foreign exchange $ 46,145,883 increase in asset revaluation reserve $ 89,692,452 increase in reserves $ 4,557,227 increase in contributed equity $ 8,113,000 --------------- total $ 148,508,562

Form 990, Part XII, Line 3B

Financial statements and reporting. Csiro as an australian government entity, is required to be audited by the australian government auditor general.

Form 990 Part IX Line 24 - Other Expenses

Description:all other expenses total expenses:xxx-xx-xxxx program services:xxx-xx-xxxx management and general:fundraising:

Financial Statement Notes

Schedule D, Part III, Line 1A

Csiro is the custodian of several collections used for scientific research. These collections have been established over time and document an extensive range of australian flora and fauna species. The collections are irreplaceable, bear scientific and historical value and are not reliably measurable in monetary terms. Therefore, csiro has not recognised them as an asset in its financial statements.

Schedule D, Part III, Line 4

Organization's collections and furtherance of exempt purpose the main collections held by csiro are: - australian national herbarium (anh) - with a focus on the australian flora and that of neighboring regions such as new guinea and the pacific, the anh has over 1 million herbarium specimens, with additional holdings at the australian tropical herbarium (ath) in cairns, queensland. The anh collections include the dadswell memorial wood collection and comprehensive holdings of a number of groups, including cryptogams, eucalypts and orchids. - australian national insect collection (anic) - specializing in australian terrestrial invertebrates, anic houses over 12 million specimens and is the worlds largest collection of australian insects, as well as groups such as mites, spiders, earthworms, nematodes and centipedes. Anic is an important research collection used by csiro researchers, university staff, and students, and scientists from australian and international research organisations. - australian national wildlife collection (anwc) - specializing in terrestrial vertebrates, anwc contains specimens of most species of australian mammals, birds, reptiles, and amphibians. It is particularly rich in specimens of birds from new guinea. Anwc is a valuable asset for biologists engaged in biodiversity research. Its research library holds 60,000 recordings of wildlife sounds, more than a thousand tissue samples, and the egg collections from more than 300 bird species. - australian national fish collection (anfc) - specializing in marine fishes, the anfc contains almost 150,000 specimens representing more than 3,000 species from the indo-pacific region. It is an invaluable resource for biodiversity and biogeographic research on australian and indo-pacific fishes. Its major strengths are sharks, rays, and deep-water fishes. It also contains a large collection of images and radiographs of australian fishes. - australian tree seed centre (atsc) - the atsc is managed as a collection and research centre for australian native tree species. For over 50 years the centre has been collecting, researching and supplying quality, fully documented tree seed to both domestic and overseas customers. Collections of seed are sourced from wild populations and genetically improved seed from our domestication and improvement programs. - australian national algae culture collection (anacc) - the anacc consists of more than 300 microalgae species and is a resource for research on algal diversity, distribution, richness, and taxonomic relationships, including those of economic importance and environmental concern. Aligned with the collection is the national algae supply service, which provides microalgae strains as starter cultures to industry, research, organisations and educational institutions in over 70 countries.

Schedule D, Part V, Line 4

Intended use of endowment funds to provide assistance to persons engaged in scientific research and provide scientific grants. The recipients of these grants are all based in australia.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,389$487$1,902$1,114$1,120$5.15
2023Detailed filing. Detailed filing data is available for this year.$2,324$537$1,788$1,068$1,104$36.0
2022Detailed filing. Detailed filing data is available for this year.$2,285$510$1,774$1,067$1,007$60.3
2021Detailed filing. Detailed filing data is available for this year.$2,211$494$1,717$1,072$1,030$42.6
2020Detailed filing. Detailed filing data is available for this year.$1,947$464$1,483$942$977$35.0
2019Detailed filing. Detailed filing data is available for this year.$2,033$415$1,619$1,025$1,050$24.6
2018Detailed filing. Detailed filing data is available for this year.$2,157$415$1,742$1,061$1,109$48.5
2017Detailed filing. Detailed filing data is available for this year.$2,027$385$1,642$1,001$1,017$16.4
2016Summary only. Only limited summary data is available for this year.$2.05$0.39$1.67$0.97$1.02$0.05
2015Summary only. Only limited summary data is available for this year.$2.40$0.45$1.95$1.07$1.10$0.03
2014Summary only. Only limited summary data is available for this year.$2.65$0.53$2.12$1.18$1.22$0.04
2013Summary only. Only limited summary data is available for this year.$2.97$0.61$2.37$1.31$1.35$0.04
2012Summary only. Only limited summary data is available for this year.$2.99$0.59$2.40$1.57$1.36$0.21
2011Summary only. Only limited summary data is available for this year.$2.58$0.52$2.06$1.48$1.25$0.23