2024-05-14T13:11:06-05:00 2023-06-30 341912961 COHEN & COMPANY LTD OFFICES LISTED AT WWWCOHENCPACOM OH 44115 990 2022-07-01 341621676 OHIO AEROSPACE INSTITUTE OHIO 4409623000 22800 CEDAR POINT ROAD BROOKPARK OH 44142 CHRIS HOCEVAR CHIEF FINANCIAL OFFICER 4409623000 2024-05-14 1 CHRIS HOCEVAR 999009999 1 PARGAT SINGH P02184330 8002291099 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS HOCEVAR 22800 CEDAR POINT ROAD BROOKPARK OH 44142 8330588 0 X WWW.OAI.ORG X 1989 OH WE COLLABORATE WITH MEMBERS IN GOVERNMENT, INDUSTRY AND ACADEMIA TO ACCELERATE OHIO'S AEROSPACE WORKFORCE DEVELOPMENT THROUGH A GLOBAL NETWORK OF CONNECTIONS, EDUCATIONAL PROGRAMS, AND CUTTING-EDGE INFORMATION. 15 12 46 12 0 0 8257499 7682768 91312 254491 1252 39505 430126 353824 8780189 8330588 1952914 1783807 0 0 5056010 5473676 0 0 0 1780029 1940715 8788953 9198198 -8764 -867610 8801598 8927929 3281329 2752238 5520269 6175691 X THE PRIMARY TAX-EXEMPT PURPOSE IS TO FURTHER HUMAN SCIENTIFIC AND ENGINEERING KNOWLEDGE IN A BROAD ARRAY OF AEROSPACE RELATED DISCIPLINES THROUGH INVESTIGATIONAL AND DEVELOPMENTAL RESEARCH; TO BUILD OHIO'S AEROSPACE ECONOMY THROUGH RESEARCH AND TECHNOLOGY, EDUCATION AND TRAINING, AND COLLABORATION AND INFORMATION EXCHANGE. TO FURTHER THE SCIENTIFIC AND ENGINEERING EDUCATION OF DOCTORAL LEVEL GRADUATE AND CONTINUING EDUCATION STUDENTS THROUGH AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO, AND TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH EDUCATION. TO SPONSOR, PROMOTE AND DISSEMINATE AEROSPACE RESEARCH IN COOPERATION WITH, AND AS A CONSORTIUM OF, COLLEGES AND UNIVERSITIES IN OHIO; TO STIMULATE ACADEMIC, GOVERNMENTAL AND PRIVATE SECTOR SUPPORT OF AND COOPERATION WITH SUCH RESEARCH; AND TO DEVELOP AEROSPACE RESEARCH AND GRADUATE EDUCATION RESOURCES IN OHIO. 0 0 3063856 219218 AEROSPACE RESEARCH WITH SPECIALIZED RESEARCH TEAMS IN THE AREAS OF COMPUTATIONAL MODELING, MATERIALS, STRUCTURES, VEHICLE HEALTH MONITORING AND SAFETY AND SPACE SCIENCE AND EXPLORATION TECHNOLOGIES 458343 873 254491 BUILDING AND MANAGING COLLABORATION, CONSORTIA AND PUBLIC-PRIVATE PARTNERSHIP (NEUTRAL, UNBIASED MANAGEMENT) 1068505 613930 WORKFORCE DEVELOPMENT: INTERNSHIPS, SCHOLARSHIP, VISITING FACULTY, SHORT COURSES, EDUCATION OUTREACH, STUDENT AND FACULTY ENGAGEMENT WITH INDUSTRY AND FEDERAL LABS 2827606 949786 1933 ECONOMIC BASED TECHNOLOGY DEVELOPMENT, TRANSFER AND COMMERCIALIZATION AND LEVERAGING AEROSPACE NETWORK (OHIO AEROSPACE INDUSTRY ASOCIATION) AND MAKING CONNECTIONS BETWEEN GOVERNMENT, INDUSTRY AND ACADEMIA. 2827606 949786 1933 7418310 1 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 44 0 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 12 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 OH X CHRISTOPHER HOCEVAR 4409623000 22800 CEDAR POINT ROAD BROOKPARK OH 44142 MEREDITH BOND PHD TRUSTEE 0.00 X 0 0 0 LEE ANN COCHRAN TRUSTEE 0.00 X 0 0 0 WAYNE DENNY JR CHAIRMAN 0.00 X 0 0 0 ALI DHINOJWALA TRUSTEE 0.00 X 0 0 0 GAIL DOLMAN-SMITH TRUSTEE 0.00 X 0 0 0 JOHN M HORACK PHD TRUSTEE 0.00 X 0 0 0 DENNIS IRWIN PHD PE FNSPE TRUSTEE 0.00 X 0 0 0 DAVID KOONCE TRUSTEE 0.00 X 0 0 0 JOHN LELAND TRUSTEE 0.00 X 0 0 0 MICHAEL MCKAY TRUSTEE 0.00 X 0 0 0 GAUTAM PILLAY PHD TRUSTEE 0.00 X 0 0 0 ROBERT TANNER TRUSTEE 0.00 X 0 0 0 JOHN SANKOVIC PRESIDENT & CEO 40.00 X X 340072 0 14623 CHRISTOPHER HOCEVAR CHIEF FINANCIAL OFFICER 40.00 X X 148278 0 19281 MIKE PEARSALL SECRETARY - AS OF 01/01/23 40.00 X X 0 0 0 SHERRI OBLANDER SECRETARY - THROUGH 12/31/23 40.00 X X 79596 0 8124 ANDREW GYEKENYESI ASSOCIATE CHIEF SCIENTIST 40.00 X 216092 0 34270 MRITYUNJAY SINGH CHIEF SCIENTIST 40.00 X 211924 0 32798 CASIMIR SUCHYTA PRINCIPAL SCIENTIST 40.00 X 156534 0 27459 ANTHONY GILLESPIE SR. PROGRAM MANAGER 40.00 X 150114 0 26502 BOB DIRGO SR. PROGRAM MANAGER 40.00 X 151048 0 19350 1453658 0 182407 13 0 1 0 0 240764 7423754 18250 7682768 REGISTRATION FEES 541900 254491 254491 254491 39505 39505 351891 0 351891 351891 351891 HOSTED WORKSHOPS 541900 1933 1933 1933 8330588 256424 0 391396 1228673 1228673 555134 555134 381551 333105 48446 3993597 3478768 514829 299759 261698 38061 491139 425823 65316 307630 268570 39060 54335 54335 72000 72000 57278 57278 102734 16636 86098 474942 149433 325509 165772 156073 9699 211695 200535 11160 4103 4103 280840 280840 CONSULTANTS 404783 299250 105533 SOFTWARE SUBSCRIPTIONS 112233 44612 67621 9198198 7418310 1779888 0 1770032 954962 535786 356457 1464458 1325311 116881 81793 6153331 113926 4779342 6039405 135099 170001 8801598 8927929 841124 856102 1847079 1428288 135099 170001 458027 297847 3281329 2752238 X 1766345 2579067 3753924 3596624 5520269 6175691 8801598 8927929 X -867610 1523032 X X 0 1 X 1 1 1 X X 8 CLEVELAND STATE UNIVERSITY 340966056 2 1 28000 0 UNIVERSITY OF AKRON 346002924 2 1 85002 0 CASE WESTERN RESERVE UNIVERSITY 341018992 2 1 28264 0 UNIVERSITY OF CINCINNATI 316000989 2 1 65938 0 THE OHIO STATE UNIVERSITY 316401599 2 1 32070 0 WRIGHT STATE UNIVERSITY 310732831 2 1 4487 0 UNIVERSITY OF DAYTON RESEARCH INSTITUTE 310536715 2 1 11000 0 OHIO UNIVERSITY 316402113 2 1 31500 0 8 286261 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 72000 0 0 72000 0 PART II-B, LINE 1: SINCE ITS CREATION, IN PART, BY THE GOVERNOR OF STATE OF OHIO, THE OHIO AEROSPACE INSTITUTE (OAI) HAS EITHER RECEIVED OR SOUGHT TO RECEIVE OPERATING AND/OR CAPITAL FUNDS FROM THE STATE OF OHIO. IN THIS REGARD, OAI RETAINS THE SERVICES OF EXECUTIVE AGENCY LOBBYISTS AND LEGISLATIVE AGENTS TO PROVIDE LEGAL COUNSEL AND TO REPRESENT OAI IN FUNDING MEETINGS WITH THE STATE OF OHIO EXECUTIVE AND LEGISLATIVE OFFICIALS. ON OCCASION, OAI EXECUTIVE STAFF ATTENDS THESE MEETINGS AND PROVIDES BACKGROUND INFORMATION AS REQUESTED. IN ADDITION, THESE LOBBYISTS INTRODUCE OAI, ITS EXECUTIVE STAFF, AND ITS COLLABORATIVE PARTNERS TO KEY FEDERAL POLICYMAKERS IN THE PURSUIT OF FEDERAL POLICY AND FUNDING OPPORTUNITIES. SIMILARLY, OAI EXECUTIVE STAFF ATTENDS THESE MEETINGS AND PROVIDES BACKGROUND INFORMATION AS REQUESTED. TO ADVANCE THESE PRIORITIES, OAI REGULARLY UTILIZES E-MAIL AND OTHER MAILINGS TO GARNER VOLUNTARY SUPPORT FROM GOVERNMENT OFFICIALS AND THEIR STAFFS, AS WELL AS FROM OAI STAFF, MEMBERS AND COLLABORATIONS. 1 135099 34902 170001 1 6100000 107646 5992354 53331 6280 47051 6039405 X PART IV, LINE 1B: THE INSTITUTE HOLDS FUNDS IN ONE SEPARATE BANK ACCOUNT AND ACTS AS FISCAL AGENT FOR TWO ORGANIZATIONS. AT THE CONCLUSION OF THE RELATIONSHIP, THE INSTITUTE WILL REMIT ALL REMAINING CASH TO THE ORGANIZATIONS. PART X, LINE 2: THE INSTITUTE RECOGNIZES AND DISCLOSES UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH GAAP. AS OF AND FOR THE YEAR ENDED JUNE 30, 2023, THE INSTITUTE DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 BALDWIN WALLACE UNIVERSITY 275 EASTLAND ROAD BEREA OH 44017 340714629 501(C)(3) 15000 0 OSGC SCHOLARSHIPS & FELLOWSHIPS CEDARVILLE UNIVERSITY 251 NORTH MAIN STREET CEDARVILLE OH 45314 310536647 501(C)(3) 17000 0 OSGC SCHOLARSHIPS & FELLOWSHIPS CENTRAL STATE UNIVERSITY 1400 BRUSH ROW ROAD PO BOX 1004 WILBERFORCE OH 45384 310675386 501(C)(3) 13000 0 OSGC SCHOLARSHIPS & FELLOWSHIPS CLEVELAND STATE UNIVERSITY 2121 EUCLID AVENUE UR 340 CLEVELAND OH 44115 340966056 501(C)(3) 28000 0 OSGC RESEARCH SUPPORT & SCHOLARSHIPS KENT STATE UNIVERSITY 800 EAST SUMMIT STREET KENT OH 44240 316402079 501(C)(3) 54000 0 OSGC SCHOLARSHIPS & INNOVATION GRANTS MARIETTA COLLEGE 215 FIFTH STREET MARIETTA OH 45750 314379584 501(C)(3) 7500 0 OSGC SCHOLARSHIPS & FELLOWSHIPS MIAMI UNIVERSITY 650 EAST HIGH STREET OXFORD OH 45056 316402089 501(C)(3) 27500 0 OSGC SCHOLARSHIPS & FELLOWSHIPS OHIO NORTHERN UNIVERSITY 525 SOUTH MAIN STREET ADA OH 45810 344429091 501(C)(3) 26300 0 OSGC SCHOLARSHIPS & INTERNSHIPS OHIO STATE UNIVERSITY THE ARC 2300 WEST CASE ROAD COLUMBUS OH 43235 100161834 501(C)(3) 28500 0 OSGC SCHOLARSHIPS, INTERNSHIPS & INNOVATION GRANTS UNIVERSITY OF AKRON 302 EAST BUCHTEL AVENUE AKRON OH 44325 346002924 501(C)(3) 56500 0 OSGC SCHOLARSHIPS & INNOVATION GRANTS UNIVERSITY OF CINCINNATI 2850 CAMPUS WAY CINCINNATI OH 45221 316000989 501(C)(3) 72000 0 OSGC SCHOLARSHIPS & INNOVATION GRANTS UNIVERSITY OF DAYTON 300 COLLEGE PARK DAYTON OH 45469 310536715 501(C)(3) 13000 0 OSGC SCHOLARSHIPS & FELLOWSHIPS UNIVERSITY OF TOLEDO 2801 WEST BANCROFT STREET TOLEDO OH 43606 346401483 501(C)(3) 11000 0 OSGC SCHOLARSHIPS & FELLOWSHIPS WILBERFORCE UNIVERSITY 1055 NORTH BICKETT ROAD PO BOX 1001 WILBERFORCE OH 45384 310604719 501(C)(3) 13000 0 OSGC SCHOLARSHIPS & FELLOWSHIPS YOUNGSTOWN STATE UNIVERSITY 1 UNIVERSITY PLAZA YOUNGSTOWN OH 44555 341011998 501(C)(3) 28000 0 OSGC SCHOLARSHIPS & INNOVATION GRANTS 15 0 VARIOUS SCHOLARSHIPS 78 198500 PART I, LINE 2: OAI UTILIZES CONTINUOUS TRACKING OF EXPENDITURES, COMPARISON OF BUDGETS TO TOTAL FUNDING. APPROVAL OF EXPENDITURES ARE OVERSEEN BY PROGRAM MANAGERS. X X X X X X 0 0 0 0 0 1 0 0 0 JOHN SANKOVIC PRESIDENT & CEO 340072 0 0 0 0 0 0 0 14623 0 354695 0 0 0 ANDREW GYEKENYESI ASSOCIATE CHIEF SCIENTIST 216092 0 0 0 0 0 0 0 34270 0 250362 0 0 0 MRITYUNJAY SINGH CHIEF SCIENTIST 211924 0 0 0 0 0 0 0 32798 0 244722 0 0 0 CASIMIR SUCHYTA PRINCIPAL SCIENTIST 156534 0 0 0 0 0 0 0 27459 0 183993 0 0 0 ANTHONY GILLESPIE SR. PROGRAM MANAGER 150114 0 0 0 0 0 0 0 26502 0 176616 0 0 0 BOB DIRGO SR. PROGRAM MANAGER 151048 0 0 0 0 0 0 0 19350 0 170398 0 0 0 CHRISTOPHER HOCEVAR CHIEF FINANCIAL OFFICER 148278 0 0 0 0 0 0 0 19281 0 167559 0 0 0 PART I, LINE 6 THE PRESIDENT/CEO AND THE CHIEF OPERATING OFFICER HAVE THE OPPORTUNITY UNDER BONUS PLAN ADMINISTERED BY THE COMPENSATION COMMITTEE TO RECEIVE A BONUS BASED ON A FORMULA AS A PERCENTAGE OF OPERATING SURPLUS. FORM 990, PART III, LINE 1 TO PROMOTE SUCH EDUCATION AND RESEARCH BY SECURING AND PROVIDING FUNDS AND OTHER ASSISTANCE TO COLLEGES AND UNIVERSITIES IN OHIO FOR DEVELOPING AND PROVIDING COURSES, CURRICULA, SEMINARS AND OTHER EDUCATIONAL PROGRAMS AND EDUCATIONAL MATERIALS IN AEROSPACE SCIENCE AND ENGINEERING. TO ADVANCE AEROSPACE-RELATED CAPABILITIES THROUGH UNIVERSITY/INDUSTRY/GOVERNMENT COLLABORATION; TO BE A CATALYST FOR BUILDING TEAMS AMONG UNIVERSITIES, INDUSTRY AND GOVERNMENT FOR THE PURPOSE OF ADAPTING AEROSPACE TECHNOLOGY TO COMMERCIAL APPLICATIONS. TO PROMOTE AND FURTHER THE TRANSFER OF AERONAUTICAL AND SPACE TECHNOLOGY BETWEEN THE UNITED STATES PUBLIC AND PRIVATE SECTORS; TO CONTRIBUTE TO THE DEVELOPMENT OF A STRONG AND COMPETITIVE U.S. WORKFORCE IN AEROSPACE RELATED DISCIPLINE AREAS THROUGH THE PROVISION AND PROMOTION OF EXPERIENTIAL LEARNING OPPORTUNITIES SUCH AS INTERNSHIPS AND COOPERATIVE EDUCATION EXPERIENCES IN A VARIETY OF SETTINGS; TO ENCOURAGE THE PARTICIPATION OF UNDERREPRESENTED MINORITIES, WOMEN, AND PERSONS WITH DISABILITIES IN AEROSPACE RELATED GRADUATE AND UNDERGRADUATE EDUCATION AND ACADEMIC RESEARCH, AND EXPERIENTIAL LEARNING OPPORTUNITIES, IN ORDER TO ENHANCE NATIONAL COMPETITIVENESS WITH A TALENT POOL THAT REFLECTS THE DIVERSITY OF SOCIETY AND TO ASSIST MEMBER INSTITUTIONS IN MEETING THEIR INDIVIDUAL AFFIRMATIVE ACTION/EQUAL OPPORTUNITY GOALS. FORM 990, PART VI, SECTION A, LINE 2 EVERY BOARD MEMBER IS A KEY EMPLOYEE OF A UNIVERSITY OR BUSINESS THAT THE INSTITUTE DOES BUSINESS WITH. FORM 990, PART VI, SECTION A, LINE 6 THE OHIO AEROSPACE INSTITUTE (OAI) IS A NONPROFIT CORPORATION WITH MEMBERS. AS DEFINED BY THE IRS, "MEMBER" MEANS ANY PERSON WHO, PURSUANT TO A PROVISION OF THE ORGANIZATION'S GOVERNING DOCUMENTS, OR APPLICABLE STATE LAW, HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE. MEMBERS HAVE THE RIGHT TO ELECT OR APPOINT ONE OR MORE MEMBERS OF OAI'S GOVERNING BODY. THE FOLLOWING SECTION MORE FULLY DESCRIBES THE COMPOSITION, TERM LENGTHS, VOTING RIGHTS, AND DECISION-MAKING PROCEDURES OF THE OAI BOARD OF TRUSTEES: THERE SHALL BE UP TO TWENTY (20) TRUSTEES, CONSISTING OF SIX (6) TRUSTEES, EACH AFFILIATED WITH ONE OF TEN (10) SPECIFIED OHIO ACADEMIC INSTITUTIONS ("ACADEMIC TRUSTEES"); UP TO THREE (3) TRUSTEES WHO ARE NOT DIRECTLY AFFILIATED WITH ANY ORGANIZATION REPRESENTED BY THE ACADEMIC TRUSTEES, INDUSTRY TRUSTEES OR EX OFFICIO TRUSTEES ("INDEPENDENT TRUSTEES"); PLUS UP TO FIVE (5) EX OFFICIO TRUSTEES (HAVING FULL VOTING RIGHTS AT THEIR DISCRETION). AT ANY TIME ONLY SIX (6) ACADEMIC TRUSTEES SHALL SERVE, EACH FOR THREE (3) YEAR TERMS ON A ROTATING BASIS, AND UP TO SIX (6) INDUSTRY TRUSTEES; UP TO THREE (3) INDEPENDENT TRUSTEES; AND UP TO FIVE (5) EX OFFICIO TRUSTEES, CONSISTING OF ONE PERSON RECOMMENDED BY THE CHANCELLOR OF THE OHIO BOARD OF REGENTS; ONE PERSON RECOMMENDED BY THE DIRECTOR OF THE OHIO DEPARTMENT OF DEVELOPMENT; ONE PERSON RECOMMENDED BY THE NASA GLENN RESEARCH CENTER; AND, ONE PERSON RECOMMENDED BY THE UNITED STATES AIR FORCE RESEARCH LABORATORY. A QUORUM AT ANY MEETING OF THE BOARD OF TRUSTEES SHALL CONSIST OF AT LEAST TWO-THIRDS OF THE TRUSTEES THEN ELIGIBLE TO VOTE. BUSINESS SHALL BE DETERMINED BY THE AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF THE TRUSTEES THEN IN ATTENDANCE AND ELIGIBLE TO VOTE. IN ADDITION, AN AFFIRMATIVE VOTE OF AT LEAST THREE-FORTHS OF THE TRUSTEES IN ATTENDANCE AND ELIGIBLE TO VOTE SHALL BE REQUIRED TO DISSOLVE THE CORPORATION, OR TO MODIFY THE NUMBER OR CLASSES OF TRUSTEES. THE TRUSTEES SHALL NOT RECEIVE SALARIES, FEES OR COMPENSATION FOR THEIR SERVICE AS TRUSTEES OR THEIR ATTENDANCE AT ANY MEETING OR COMMITTEE MEETING OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE OAI CHIEF FINANCIAL OFFICER IS RESPONSIBLE FOR COMPILING THE DATA REQUESTED BY THE TAX CONSULTANT TO PREPARE THE INITIAL DRAFT OF THE FORM 990. AFTER AN INTERNAL PROCESS OF REVIEWING THE DRAFT FOR ACCURACY AND COMPLETENESS, A DRAFT COPY IS MADE AVAILABLE FOR REVIEW TO EACH OF THE MEMBERS OF THE OAI AUDIT AND FINANCE COMMITTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE OAI HUMAN RESOURCE DEPARTMENT (HR) IS RESPONSIBLE FOR THE ELECTRONIC DISTRIBUTION, RETRIEVAL, STORAGE AND INITIAL FOLLOW-UP IN OBTAINING ANNUAL CONFLICT OF INTEREST FORMS FROM ALL OAI BOARD MEMBERS, STAFF AND VOLUNTEERS. TO FURTHER ENSURE COMPLIANCE WITH THE POLICY, HR PROVIDES THE OAI VP, FINANCE AND OPERATIONS, WITH A LIST OF DELINQUENT RESPONDENTS, IF ANY, FOR HIS REFERENCE AND ULTIMATE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE OAI EMPLOYEE COMPENSATION REVIEW PROCESS IS TRANSPARENT, YET CONFIDENTIAL, AND WELL-DOCUMENTED IN THE OAI POLICY MANUAL. EACH YEAR THAT PROCESS ESTABLISHES THE RECOMMENDED RANGE OF SALARY ADJUSTMENTS FOR ALL OAI EMPLOYEES FOR THE NEXT FISCAL YEAR. IN TURN, THAT RANGE IS VETTED AMONG AND BETWEEN OAI SENIOR MANAGEMENT, PRESENTED TO THE OAI BOARD OF TRUSTEES, AND APPROVED WITHIN THE CONTEXT OF THE ANNUAL OAI OPERATING BUDGET FRAMEWORK. CHANGES IN COMPENSATION FOR ALL OAI STAFF ARE BASED UPON THE EMPLOYEE'S JOB PERFORMANCE AND DEPENDENT UPON THE UNDERLYING FINANCIAL CONDITION OF OAI. ALSO, SALARY INCREASES FOR INDIVIDUAL EMPLOYEES ARE BASED UPON MERIT; THERE ARE NO MANDATORY INCREASES DUE TO COST OF LIVING ADJUSTMENTS, LENGTH OF SERVICE, ETC. HR IS RESPONSIBLE FOR COORDINATING THE CONTINUING INTERNAL REVIEW OF ALL COMPENSATION BY MAKING CERTAIN THAT EACH JOB IS EVALUATED AND ASSIGNED A JOB GRADE AND SALARY RANGE. OAI HAS SEPARATE SALARY STRUCTURES FOR EXEMPT AND NON-EXEMPT CLASSIFICATIONS. ANNUALY, HR LEADS AND MONITORS THE COMPENSATION REVIEW PROCESS TO ENSURE THAT COMPENSATION IS NONDISCRIMINATORY, COMPETITIVE, AND IN COMPLIANCE WITH FEDERAL, STATE AND LOCAL REGULATIONS. CONSEQUENTLY, HR ROUTINELY CONDUCTS COMPENSATION SURVEYS AND/OR UPDATES PREVIOUS SURVEYS PREPARED BY OAI'S INDEPENDENT COMPENSATION CONSULTANTS. OAI'S CHIEF EXECUTIVE OFFICER REVIEWS THE PERFORMANCE OF SENIOR OFFICERS AND UTILIZES THE SURVEY RESULTS TO ASSIST IN DETERMINING THEIR SALARY ADJUSTMENTS. CONCURRENTLY, THE BOARD CHAIR WORKS IN CONCERT WITH HR TO RECOMMEND THE CEO'S COMPENSATION CHANGES. ALL OFFICER COMPENSATION CHANGES ARE SHARED WITH THE FULL BOARD AND APPROVED AS PART OF THE ANNUAL OPERATING BUDGET CYCLE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE FOR ON-SITE INSPECTION AND REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9: FAIR MARKET VALUE ADJUSTMENT - PARALLAX ACQUISITION 1,523,032. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREAT LAKES BIOMIMICRY INC 22800 CEDAR POINT ROAD BROOK PARK OH 44142 461868575 CREATING THE CONDITIONS FOR INNOVATION INSPIRED BY NATURE. OH 501(C)(3) LINE 7 OHIO AEROSPACE INSTITUTE 1 PARALLAX ADVANCED RESEARCH CORPORATION 4035 COLONEL GLENN HWY SUITE 200 BEAVERCREEK OH 45431 161704454 PROMOTING, ENCOURAGING, AND ASSISTING IN SCIENTIFIC RESEARCH AND DEVELOPMENT OH 501(C)(3) LINE 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 GREAT LAKES BIOMIMICRY INC N SEE SUPPLEMENTAL INFORMATION GREAT LAKES BIOMIMICRY INC O SEE SUPPLEMENTAL INFORMATION GREAT LAKES BIOMIMICRY INC P SEE SUPPLEMENTAL INFORMATION GREAT LAKES BIOMIMICRY INC Q SEE SUPPLEMENTAL INFORMATION SCHEDULE R, PART V, SECTION 2 OHIO AEROSPACE INSTITUTE AND GREAT LAKES BIOMIMICRY, INC. SHARE ALL OF THEIR PAID EMPLOYEES AS WELL AS SHARE THEIR FACILITIES, EQUIPMENT, AND OTHER ASSETS. EXPENSES ARE PAID AND REIMBURSED AMONGST THE ENTITIES THROUGHOUT THE YEAR.