2024-11-15T13:20:32-06:00 2023-12-31 PwC US Tax LLP 101 SEAPORT BLVD SUITE 500 BOSTON MA 02210 990 2023-01-01 042105850 WOODS HOLE OCEANOGRAPHIC INSTITUTION % DANA FERNANDEZ SR DIR FINAN WOOD 5084572000 569 WOODS HOLE ROAD MS 14 WOODS HOLE MA 02543 KATHRYN LINK VP OPS & CFO 5084572000 2024-11-12 true true ERICA R MCREYNOLDS P00977806 6175305000 2023 2024-10-15 13:58:12Z PETER DE MENOCAL 569 WOODS HOLE ROAD MS 14 WOODS HOLE MA 02543 557285061 false X www.whoi.edu X 1930 MA SEE SCHEDULE O 32 31 1354 94 -55508 0 342645334 334061264 8296918 10435673 0 0 2909278 1367822 353851530 345864759 13596573 14447303 0 0 137441676 149148752 363684 516083 5356462 144826690 167516821 296228623 331628959 57622907 14235800 715285770 766141956 154931095 162841803 560354675 603300153 X SEE SCHEDULE O false false 272494487 13683512 1620840 SPONSORED AND INSTITUTIONAL RESEARCH IN OCEANOGRAPHY AND RELATED FIELDS: OF THE 1,068 SPONSORED RESEARCH AWARDS, 683 AWARDS ARE FROM 8 FEDERAL AGENCIES AND 385 ARE FROM 157 OTHER SPONSORS. INSTITUTION RESEARCH SPONSORED 388 PROJECTS FROM UNRESTRICTED FUNDS. IN ADDITION, WOODS HOLE OCEANOGRAPHIC INSTITUTION ISSUED 583 PUBLICATIONS IN 2023. 15210584 763791 8814833 EDUCATION: JOINT GRADUATE PROGRAM WITH M.I.T. IN THE MARINE SCIENCES. IN 2023, THERE WERE 147 GRADUATE STUDENTS, 29-DEGREE RECIPIENTS, 42 POST-DOCTORAL SCHOLARS AND FELLOWS, 10 GEOPHYSICAL FLUID DYNAMICS PROGRAM PARTICIPANTS, 28 SUMMER STUDENT FELLOWS AND 113 GUEST STUDENTS. 287705071 true true false true false false true true false true true true false false true false true false false true true false false true false false false false true true true false false false false false false false false false false true false false false true true true true true false true 318 0 1354 true true true false false false false false false false false false true false X 32 31 false false false false false false false true true false false true true true true true true true true true true CA MA NY X X DANA FERNANDEZ SR DIR FINAN 5082893505 569 WOODS HOLE RD MS 14 WOODS HOLE MA 02543 X PETER DE MENOCAL PRESIDENT/DIRECTOR 50.0 0.0 X X 1684069 0 624753 CHRISTOPHER LAND VP LEGAL AFRS/GC (UNTIL 06/23) 50.0 0.0 X X 651647 0 21604 KATHRYN LINK VP OPS & CFO 50.0 0.0 X 473784 0 39050 ROBERT MUNIER VP MARINE FACILITIES & OPS 50.0 0.0 X 390574 0 73410 SAMUEL HARP VP FOR ADVANCEMENT & CMO 50.0 0.0 X 383568 0 62904 RICHARD MURRAY DD & VP SCIENCE & ENGINEERING 50.0 0.0 X 391593 0 37677 KEITH GLAVIN SR. DIR. INFORMATION SYSTEMS 50.0 0.0 X 308110 0 62000 PAUL MATTHIAS SENIOR PROGRAM MANAGER AOPE 50.0 0.0 X 283784 0 82719 GEORGE C CLAYTON CHIEF DEVELOPMENT OFFICER 50.0 0.0 X 311624 0 48020 DONALD ANDERSON SENIOR SCIENTIST 50.0 0.0 X 291306 0 63124 MARY MCNAIR INTERIM SECRETARY (AS OF 6/23) 40.0 0.0 X 55211 0 29502 PAUL SALEM CHAIRMAN 2.5 0.0 X X 0 0 0 MARIA WILHELM VICE CHAIR - BD OF TRUSTEES 2.5 0.0 X X 0 0 0 MARGARET A FLANAGAN VICE CHAIR - BD OF TRUSTEES 2.5 0.0 X X 0 0 0 STEVEN G HOCH CHAIR OF CORP. (UNTIL 05/23) 2.5 0.0 X X 0 0 0 JAMES M CLARK JR CHAIR OF CORP. (AS OF 05/23) 2.5 0.0 X X 0 0 0 WILLIAM SCHMIDT TREASURER 2.5 0.0 X X 0 0 0 CULLEN BUIE TRUSTEE 2.5 0.0 X 0 0 0 SUSAN BURKE TRUSTEE 2.5 0.0 X 0 0 0 ALAN CHUNG TRUSTEE 2.5 0.0 X 0 0 0 H LARRY CLARK TRUSTEE 2.5 0.0 X 0 0 0 GEORGE DAVID TRUSTEE 2.5 0.0 X 0 0 0 ROBERT C DUCOMMUN Trustee 2.5 0.0 X 0 0 0 MICHAEL ESPOSITO TRUSTEE 2.5 0.0 X 0 0 0 LAWRENCE FISH TRUSTEE 2.5 0.0 X 0 0 0 CLINT HARRIS TRUSTEE 2.5 0.0 X 0 0 0 SARAH JOHNSON TRUSTEE 2.5 0.0 X 0 0 0 JOHN KREIDER TRUSTEE 2.5 0.0 X 0 0 0 ANNE C KRONENBERG TRUSTEE 2.5 0.0 X 0 0 0 ROBIN POWELL MANDJES TRUSTEE 2.5 0.0 X 0 0 0 SALLY ROCKER TRUSTEE 2.5 0.0 X 0 0 0 LINDA SALLOP TRUSTEE 2.5 0.0 X 0 0 0 ROBERT SMITH TRUSTEE (AS OF 05/23) 2.5 0.0 X 0 0 0 JOHN STAVIS TRUSTEE 2.5 0.0 X 0 0 0 EDWARD TREGURTHA TRUSTEE 2.5 0.0 X 0 0 0 BARBARA WU TRUSTEE 2.5 0.0 X 0 0 0 JAMES A AUSTIN JR TRUSTEE 2.5 0.0 X 0 0 0 JAMES P ROSENFIELD TRUSTEE 2.5 0.0 X 0 0 0 JEFFERSON E HUGHES JR TRUSTEE 2.5 0.0 X 0 0 0 JOYCE K MOSS TRUSTEE 2.5 0.0 X 0 0 0 SAMUEL COLEMAN TRUSTEE 2.5 0.0 X 0 0 0 CHARLES WARD TRUSTEE (UNTIL 05/23) 2.5 0.0 X 0 0 0 MICHELE S FOSTER TRUSTEE (UNTIL 05/23) 2.5 0.0 X 0 0 0 THOMAS J TIERNEY TRUSTEE (UNTIL 05/23) 2.5 0.0 X 0 0 0 D ALEC SARGENT TRUSTEE (UNTIL 10/23) 2.5 0.0 X 0 0 0 ROBERT JEFFE TRUSTEE (AS OF 10/23) 2.5 0.0 X 0 0 0 STEPHANIE VAN PUTTEN TRUSTEE (AS OF 10/23) 2.5 0.0 X 0 0 0 5225270 0 1144763 445 false true false MC GARR SERVICE CORP 233 NEEDHAM STREET SUITE 530 NEWTON MA 02464 CLEANING SERVICES 956746 CROCKER ARCHITECTURAL SHEET METAL C 129 SOUTHBRIDGE STREET ROUTE 20 NORTH OXFORD MA 01537 CONSTRN LABOUR SVCS 922890 PWC LLP 101 SEAPORT BLVD BOSTON MA 02210 AUDIT & TAX ADVISORY 847685 SERMAR MARITIME AGENCY APARTADO 76 PUNTARENAS 0 CS 60101 PORT AGENCY SERVICES 752568 SMITH GAMBRELL RUSSELL LLP 1230 PEACHTREE STREET NE ATLANTA GA 31193 LEGAL SERVICES 739462 42 242731083 91330181 563221 334061264 EDUCATION 900099 8814833 8814833 CHARTER INCOME 541900 1100000 1100000 INFO CENTER INCOME 900099 520840 520840 10435673 0 -55508 55508 0 138108 138108 552800 417316 135484 0 135484 135484 211002986 211002986 0 0 0 0 0 0 0 0 0 0 0 SPONSORED RESEARCH 900099 1094230 1094230 1094230 345864759 10435673 -55508 1423330 0 14447303 14447303 0 0 3791631 1223164 1596769 971698 0 101459314 86602123 13164752 1692439 14809206 12357350 2077002 374854 21038109 17554977 2950610 532522 8050492 6717629 1129087 203776 2891592 2542919 348673 1761761 192097 1569664 630148 630148 0 516083 516083 3312951 3312951 466161 406383 2891 56887 799024 393809 123699 281516 17734442 17370853 308313 55276 4865144 3154820 1569702 140622 0 2631350 1945613 685737 6519161 6073343 303012 142806 0 0 2888568 2882413 6155 0 15289162 14472269 816893 6086563 4906617 1179946 EQUIPMENT 28997611 28960711 36900 0 OUTSIDE SERVICES 26066221 21648894 4097005 320322 SUBCONTRACTS 25822632 25822632 0 0 FEDERAL & STATE INCOME TAX 55095 0 55095 0 20699235 18029152 2602422 67661 331628959 287705071 38567426 5356462 15297000 9308063 30074299 36508261 39009603 52170437 50761182 208654698 0 0 0 0 877956 839609 3267226 3433344 5794419 6446888 318555639 199646739 120608277 118908900 967954 3821904 441954871 319609221 0 0 0 0 6672983 6440631 715285770 766141956 33588707 42261623 0 0 1725677 3286161 78371088 76482751 0 0 0 0 0 0 0 0 41245623 40811268 154931095 162841803 X 81540068 81221093 478814607 522079060 560354675 603300153 715285770 766141956 X 14235800 52093728 -23384050 X false true X true true true X 252464384 247862118 286413539 342645334 334061264 1463446639 0 0 252464384 247862118 286413539 342645334 334061264 1463446639 3958427 1459488212 -1103704 -1204438 -2617221 -106985 746416 -4285932 2030523 798950 3273412 67002 0 6169887 426646 146944 218107 2667661 1094230 4553588 1469884182 41382655 0.99293 0.98210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false true 115 false true 18532 true 52 false 18699 false LOBBYING ACTIVITY EXPLANATION 2023 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION DID NOT PARTICIPATE OR INTERVENE IN ANY POLITICAL CAMPAIGNS. THE WOODS HOLE OCEANOGRAPHIC INSTITUTION EMPLOYS A DIRECTOR OF GOVERNMENT RELATIONS TO ADVOCATE ON A BROAD RANGE OF POLICY AND SPENDING LEGISLATION RELATING TO OCEAN SCIENCE. SPECIFICALLY, WHOI SUPPORTS INCREASED FUNDING FOR COMMUNITY-WIDE COMPETITIVE OCEAN SCIENCE GRANT PROGRAMS IN THE US NAVY, THE NATIONAL SCIENCE FOUNDATION, AND THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION. IN ADDITION, THE INDIVIDUAL REPORTS TO WOODS HOLE OCEANOGRAPHIC INSTITUTION ON FEDERAL POLICY AND POLITICAL ISSUES OF INTEREST TO AND/OR FACING THE INSTITUTION. THERE WERE NO DIRECT LOBBYING EXPENSES IN 2023. THE ORGANIZATION PAID MEMBERSHIP DUES OF $52 TO MEMBER ORGANIZATIONS WHICH MAY ENGAGE IN LOBBYING ACTIVITIES. THEREFORE, A PORTION OF THE DUES MAY BE ATTRIBUTABLE TO LOBBYING ACTIVITIES. NO ADDITIONAL COSTS WERE INCURRED FOR MAILINGS. WHOI ALSO PROVIDES EXPERT ADVICE TO CONGRESS ON OCEAN MATTERS INCLUDING ENVIRONMENTAL QUALITY, CLIMATE CHANGE AND MARINE RESOURCES. X 4 16.09 1 true 12.00 1278 true X X X false 465168384 2195763 49400920 22244000 494521067 513017766 33205942 -59808324 21247000 465168384 469357845 821485 63694436 20856000 513017766 434028549 1684014 54343282 20698000 469357845 417536924 6390133 40486309 30384817 434028549 0.18290 0.24200 0.57510 false false 5247 4261039 4266286 574821 228900945 141715537 87760229 24482911 20611549 3871362 29295892 23641616 5654276 991497 30043287 13678037 17356747 118908900 PVT EQTY,VENTURE CAP, & OTHER 294596611 F SHORT-TERM LIQUIDITY FUND 25012610 F 319609221 0 ACCRUED PENSION LIABILITY 37505068 DEFERRED FIXED RATE VARIANCE 3306200 40811268 433462983 52093728 643333 13820755 66557816 366905167 3312952 -24353360 -21040408 345864759 329376657 643333 417316 1060649 328316008 3312951 3312951 331628959 CONSERVATION EASEMENTS FORM 990, SCHEDULE D, PART II, LINE 5 FACILITIES OFFICE PERSONNEL WALK THE CONSERVATION EASEMENT AREAS TWICE A YEAR TO ENSURE THAT THERE ARE NO ENCROACHMENTS ON THE 16.09 ACRES AND THAT THERE ARE NO PROHIBITED USES AS DEFINED IN THE TERMS OF THE CONSERVATION RESTRICTIONS. FORM 990, SCHEDULE D, PART II, LINE 9 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION'S CONSERVATION EASEMENTS ARE NOT ACCOUNTED FOR SEPARATELY, BUT ARE INCLUDED AS PART OF LAND ON THE BALANCE SHEET. ORGANIZATIONS MAINTAINING COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS FORM 990, SCHEDULE D, PART III, LINE 4 IN 2013, WOODS HOLE OCEANOGRAPHIC INSTITUTION (WHOI) ADDED THE DEEPSEA CHALLENGER, A HUMAN OCCUPIED SUBMERSIBLE VEHICLE, TO ITS COLLECTION. WHOI SCIENTISTS AND ENGINEERS COLLABORATED WITH THE DEEPSEA CHALLENGE RENGINEERING TEAM TO CONDUCT A FULL SYSTEM SURVEY, COMPLETELY DISASSEMBLING AND REASSEMBLING THE VEHICLE, AND TO DOCUMENT AND DETAIL THE DESIGN APPROACH TO THE VEHICLE'S SUBSYSTEMS. WHOI ENGINEERS HAVE PRESENTED THEIR FINDINGS TO THE OCEAN ENGINEERING COMMUNITY AND INFORMATION ABOUT THE DEEPSEA CHALLENGER IS INCLUDED ON WHOI'S WEBSITE. THE VEHICLE WAS DAMAGED IN A FIRE, HAD COSMETIC/DISPLAY REPAIRS COMPLETED, AND IS NOW MOVING FROM MUSEUM TO MUSEUM FOR SHORT-TERM EXHIBITS. INTENDED USE OF ENDOWMENT FUND FORM 990, SCHEDULE D, PART V, LINE 4 -PROVIDE A STREAM OF INCOME IN SUPPORT OF ANNUAL BUDGETARY NEEDS. -PRESERVE AND ENHANCE THE REAL (INFLATION-ADJUSTED) PURCHASING POWER. -PROVIDE SUPPORT FOR CAPITAL INVESTMENT NEEDS AS THEY ARISE. OTHER LIABILITIES SCHEDULE D, PART X, LINE 2 WOODS HOLE OCEANOGRAPHIC INSTITUTION DOES NOT HAVE A FIN 48 FOOTNOTE IN ITS FINANCIAL STATEMENTS. REVENUE INCLUDED ON BOOKS BUT NOT ON RETURN FORM 990, SCHEDULE D, PART XI, LINE 2D PENSION RELATED CHANGES OTHER THAN COST $5,938,847 RETURN ON INVESTMENT FOR RETIREE & ACTIVE MED. $1,684,136 NET PERIODIC BENEFIT COST $5,577,629 CHANGE IN SPLIT-INTEREST AGREEMENTS $620,143 ============= TOTAL $13,820,755 REVENUE INCLUDED ON RETURN BUT NOT ON BOOKS FORM 990, SCHEDULE D, PART XI, LINE 4B RENT EXPENSES ($417,316) RELEASE FROM RESTRICTION ($23,936,044) ============= TOTAL ($24,353,360) EXPENSES INCLUDED ON BOOKS BUT NOT ON RETURN FORM 990, SCHEDULE D, PART XII, LINE 2D RENT EXPENSE $417,316 ============= TOTAL $417,316 Central America and the Caribbean 0 62 Program Services SHIP OPERATIONS 797649 Europe (Including Iceland and Greenland) 0 1 Program Services SHIP OPERATIONS 28902 Antarctica 0 3 Program Services SCIENTIFIC RESEARCH 10241 Central America and the Caribbean 0 49 Program Services Scientific Research 89564 East Asia and the Pacific 0 51 Program Services Scientific Research 201331 Europe (Including Iceland and Greenland) 0 147 Program Services Scientific Research 516233 Middle East and North Africa 0 2 Program Services Scientific Research 1754 North America 0 43 Program Services Scientific Research 145872 South America 0 21 Program Services Scientific Research 45760 South Asia 0 7 Program Services Scientific Research 21438 Sub-Saharan Africa 0 18 Program Services Scientific Research 129197 Central America and the Caribbean 0 0 Investments 1111641 0 404 0 404 3099582 3099582 true false true true true false DESCRIPTION OF FOREIGN ACTIVITIES SCHEDULE F, PART I, LINE 3 WOODS HOLE OCEANOGRAPHIC INSTITUTION (WHOI) OPERATES TWO U.S. GOVERNMENT-OWNED OCEANOGRAPHIC RESEARCH VESSELS UNDER THE UNIVERSITY-NATIONAL OCEANOGRAPHIC LABORATORY SYSTEM (UNOLS). THE SHIPS OPERATE BY "LEGS," PERIODS OF TIME AT SEA. EACH LEG ENDS IN A PORT OF CALL TO DISEMBARK RESEARCHERS, EQUIPMENT AND SOMETIMES MARINE CREW, THEN LOAD EQUIPMENT, AND BOARD THE NEXT SET OF RESEARCHERS AND SOMETIMES CREW MEMBERS FOR THE FOLLOWING LEG. SOME PORTS OF CALL ARE IN FOREIGN REGIONS AS DETERMINED BY GRANTS THAT FUND SHIP OPERATIONS. HOWEVER, AGENTS, PRIMARILY SHIP'S AGENTS WHO ARE PAID FOR SERVICES TO FACILITATE THE TURNOVER BETWEEN LEGS AT SEA, ARE REPORTED BY NUMBER AND TOTAL EXPENDITURES (PART I, LINE 3, COLUMNS (C) AND (F)). ACTIVITIES PER REGION PART I, LINE 3, COLUMNS (B) & (F) REPORTABLE INFORMATION IS OBTAINED THROUGH WHOI'S FINANCIAL MANAGEMENT SYSTEM. PROVISION OF COLUMN (F) DATA FOR THE INSTITUTION WAS FACILITATED BY A LOCALLY-IMPOSED ACCOUNTING PROCEDURE THAT SEPARATES COSTS INCURRED INSIDE ITS BORDERS FROM THOSE INCURRED OUTSIDE. X X X X X true BALLANTINE CORPORATION 1 HIGH STREET COURT SUITE 6 MORRISTOWN NJ 07960 MAILING false 155633 50498 105135 EDWARD FONES 2206 APPLE ROAD FOGELSVILLE PA 180511905 SEE PART IV false 0 18195 0 COMMUNITY COUNSELLING SVC 527 Madison Avenue 5th Floor NEW YORK NY 10022 CAPITAL CAMPAIGN false 0 422987 0 PMX ONE WORLD TRADE CENTER 63RD FLOOR NEW YORK NY 10007 FUNDRAISER LIST false 0 9240 0 BAIONE 64 CATHERINE COURT RINGWOOD NJ 07456 FUNDRAISER LIST false 0 5062 0 MMS USA Holding 11030 CIRCLE POINT ROAD SUITE 110 BROOMFIELD CO 80020 FUNDRAISER LIST false 0 6500 0 155633 512482 105135 CT MA NY SCHEDULE G, PART I, LINE 2B FUNDRAISING CONSULTANT EDWARD FONES WAS ASSOCIATED WITH THE SAME FUNDRAISING ACTIVITIES AS BALLANTINE CORPORATION. GROSS RECEIPTS FROM THIS JOINT EFFORT ARE INCLUDED ON LINE 1, COLUMN IV. true TUITION/FELLOWSHIPS & SCHOLARSHIPS 147 5767481 BOOK TUITION STIPENDS 136 8679822 MAINTAINING RECORDS FORM 990, SCHEDULE I, PART I, LINE 1 APPLICATIONS FOR ADMISSIONS ARE REVIEWED BY FACULTY. STUDENTS ARE ADMITTED BASED UPON THEIR ACADEMIC RECORD, AND ALL ARE GIVEN SUPPORT THROUGH EITHER WHOI OR MIT. WRITTEN RECORDS OF ALL DECISIONS ARE RETAINED. MONITORING USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 EACH STUDENT'S ACADEMIC PROGRESS IS EVALUATED YEARLY TO ENSURE SATISFACTORY ACADEMIC PROGRESS. X X true true X X X X X true true false false false false false true false PETER DE MENOCAL PRESIDENT/DIRECTOR 606238 0 0 0 1077831 0 533000 0 91753 0 2308822 0 1000003 0 CHRISTOPHER LAND VP LEGAL AFRS/GC (UNTIL 06/23) 175276 0 0 0 476371 0 12185 0 9419 0 673251 0 0 0 ROBERT MUNIER VP MARINE FACILITIES & OPS 350527 0 32000 0 8047 0 39600 0 33810 0 463984 0 0 0 SAMUEL HARP VP FOR ADVANCEMENT & CMO 339013 0 42000 0 2555 0 26400 0 36504 0 446472 0 0 0 RICHARD MURRAY DD & VP SCIENCE & ENGINEERING 356506 0 31000 0 4087 0 32925 0 4752 0 429270 0 0 0 GEORGE C CLAYTON CHIEF DEVELOPMENT OFFICER 304837 0 0 0 6787 0 10483 0 37537 0 359644 0 0 0 DONALD ANDERSON SENIOR SCIENTIST 288046 0 0 0 3260 0 35514 0 27610 0 354430 0 0 0 PAUL MATTHIAS SENIOR PROGRAM MANAGER AOPE 280624 0 0 0 3160 0 35916 0 46803 0 366503 0 0 0 KEITH GLAVIN SR. DIR. INFORMATION SYSTEMS 299791 0 5000 0 3319 0 31217 0 30783 0 370110 0 0 0 KATHRYN LINK VP OPS & CFO 407919 0 41000 0 24865 0 33000 0 6050 0 512834 0 0 0 BENEFITS TO INVIDUALS LISTED ON PART VII, SECTION A FIRST-CLASS OR CHARTER TRAVEL FORM 990, SCHEDULE J, LINE 1A CHRISTOPHER LAND RECEIVED FIRST-CLASS TRAVEL FOR BUSINESS PURPOSES. THE AMOUNT IS NOT INCLUDED IN TAXABLE INCOME AS THEY ARE APPROPRIATE BUSINESS EXPENSES UNDER AN ACCOUNTABLE PLAN. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE FORM 990, SCHEDULE J, LINE 1A PETER DE MENOCAL RECEIVED HOUSING AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE EMPLOYER. SUCH AMOUNTS ARE NOT CONSIDERED TAXABLE COMPENSATION. THE VALUE OF THE HOUSING IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). SEVERANCE PAYMENT FORM 990, SCHEDULE J, LINE 4A CHRISTOPHER LAND, IN CONNECTION WITH HIS SEPARATION FROM THE ORGANIZATION, WAS ENTITLED TO A TOTAL OF $449,567 DURING CALENDAR YEAR 2023. THESE PAYMENTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FORM 990, SCHEDULE J, LINE 4B PURSUANT TO HIS EMPLOYMENT AGREEMENT IN 2021, PETER DE MENOCAL IS ENTITLED TO A $200,000 SIGNING BONUS, WHICH IS CREDITED TO HIS DEFERRED COMPENSATION ACCOUNT PURSUANT TO SECTION 457(F). THIS AMOUNT BECAME FULLY VESTED IN 2023 AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). PETER DE MENOCAL IS ENTITLED TO INCENTIVE PAYMENTS WHICH WERE CREDITED TO HIS DEFERRED COMPENSATION ACCOUNT PURSUANT TO SECTION 457(F). IN 2023, $850,000 OF INCENTIVE PAYMENTS BECAME FULLY VESTED AND ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(III). PETER DE MENOCAL WAS AWARDED AN ADDITIONAL $500,000 OF INCENTIVE PAYMENTS IN 2023, WHICH WILL VEST OVER THE NEXT SEVERAL YEARS. THIS AMOUNT IS INCLUDED IN SCH J, PART II, COLUMN C. TERMS AND CONDITIONS OF DISCRETIONARY BONUS FORM 990, SCHEDULE J, LINE 7 CERTAIN LISTED PERSONS RECEIVED NONFIXED PERFORMANCE BONUSES IN 2023. THE BONUSES WERE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AND THE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(II). A MHEFA 042456011 57584YGR4 2018-05-09 86306214 REFINANCED BOND ISSUE OF 12/4/2008 false false false A 0 0 86468681 0 2297624 0 645990 0 0 32864843 50660224 0 2019 true false true true A false false false true true 0.00000 0.00000 0.00000 false false false true A false false false true false false 0 false 0 false true A true TOTAL PROCEEDS OF ISSUE TOTAL PROCEEDS OF ISSUE SCHEDULE K, PART I, LINE A, COLUMN (F) REFINANCED BOND ISSUE OF 12/04/2008 AND CONSTRUCTION. SCHEDULE K, PART II, LINE 3 THE AMOUNT REPORTED INCLUDES TOTAL PROCEEDS OF PRINCIPAL TOTALING $75,510,000 AND PREMIUM OF $10,958,681. SCHEDULE K, PART III, LINE 9; PART IV, LINE 7; PART V THE ORGANIZATION HAS A CHECKLIST IN PLACE TO ENSURE COMPLIANCE WITH FEDERAL TAX REQUIREMENTS. SCHEDULE K, PART IV, LINE 2C THE REBATE COMPUTATION WAS PERFORMED ON 06/06/2018. X 18 563221 FMV false true true CONTRIBUTION METHOD FORM 990, SCHEDULE M, PART I, COLUMN (B) WOODS HOLE OCEANOGRAPHIC INSTITUTION HAS REPORTED THE NUMBER OF CONTRIBUTIONS ON THIS SCHEDULE. MISSION STATEMENT FORM 990, PART I, LINE 1 AND PART III, LINE 1 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION IS DEDICATED TO ADVANCING KNOWLEDGE OF THE OCEAN AND ITS CONNECTION WITH THE EARTH SYSTEM THROUGH A SUSTAINED COMMITMENT TO EXCELLENCE IN SCIENCE, ENGINEERING, AND EDUCATION, AND TO THE APPLICATION OF THIS KNOWLEDGE TO PROBLEMS FACING SOCIETY. DELEGATION OF BOARD AUTHORITY FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE CHAIR OF THE BOARD OF TRUSTEES; VICE CHAIR(S) OF THE BOARD OF TRUSTEES; CHAIR OF THE CORPORATION; THE CHAIRS OF THE ADVANCEMENT COMMITTEE, AUDIT AND RISK COMMITTEE, COMMITTEE ON THE BOARD, DIVERSITY, EQUITY, AND INCLUSION COMMITTEE, FACILITIES COMMITTEE, FINANCE COMMITTEE, AND INVESTMENTS SUBCOMMITTEE, UP TO TWO "AT LARGE" TRUSTEES APPOINTED BY THE CHAIR OF THE BOARD OF TRUSTEES, AND UP TO TWO "AT-LARGE" TRUSTEES APPOINTED BY THE BOARD FROM TRUSTEES SUGGESTED BY THE COMMITTEE ON THE BOARD. AT-LARGE MEMBERS SHALL SERVE FOR A THREE-YEAR TERM, WITH THE POWER GIVEN TO THE CHAIR OF THE BOARD OF TRUSTEES TO RECOMMEND MEMBERS FOR ONE ADDITIONAL THREE-YEAR TERM. THE CHAIR OF THE BOARD OF TRUSTEES SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE, SO FAR AS MAY BE PERMITTED BY LAW, ALL OF THE POWERS OF THE BOARD DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF TRUSTEES EXCEPT SUCH POWERS OR DUTIES AS MAY HAVE BEEN SPECIFICALLY DELEGATED BY THE BOARD TO OTHER COMMITTEES OR OFFICERS, AND SHALL HAVE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION TO BE AFFIXED TO ALL PAPERS WHICH MAY REQUIRE IT, AND SUCH OTHER POWERS AS THE BOARD MAY DELEGATE TO IT. THE EXECUTIVE COMMITTEE MAY HOLD MEETINGS AND MAKE RULES FOR THE CONDUCT OF ITS BUSINESS AS IT SHALL FROM TIME TO TIME DEEM NECESSARY OR ADVISABLE. THE PRESENCE OF AT LEAST FIVE MEMBERS OF THE EXECUTIVE COMMITTEE WHO ARE TRUSTEES SHALL CONSTITUTE A QUORUM AND MAY TAKE ACTION BY MAJORITY VOTE OF SUCH QUORUM. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO THE BOARD IN WRITING OR AT THE NEXT MEETING OF THE BOARD. CONSISTENT WITH THE PROVISIONS OF THE MASSACHUSETTS GENERAL LAWS, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO: (I) CHANGE THE PRINCIPAL OFFICE OF THE CORPORATION; (II) AMEND THE BYLAWS; (III) ELECT THE STATUTORY OFFICERS OF THE CORPORATION INCLUDING THE PRESIDENT AND DIRECTOR, TREASURER, AND SECRETARY, OR FILL VACANCIES IN SUCH OFFICES; (IV) CHANGE THE NUMBER OF THE BOARD OF TRUSTEES OR FILL VACANCIES IN THE BOARD OF TRUSTEES; OR (V) REMOVE OFFICERS OR TRUSTEES FROM OFFICE. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11A THE ORGANIZATION HAS PROVIDED A COMPLETE COPY OF THE FORM 990 TO ITS GOVERNING BODY. FORM 990, PART VI, LINE 11B WOODS HOLE OCEANOGRAPHIC INSTITUTION'S (WHOI) FORM 990 IS PREPARED WITH THE ASSISTANCE OF ITS OUTSIDE TAX ACCOUNTANTS. FOLLOWING WHOI'S INTERNAL MANAGEMENT'S REVIEW, A DRAFT VERSION OF THE RETURN IS DISTRIBUTED TO THE AUDIT AND RISK COMMITTEE FOR REVIEW AND COMMENTS. ONCE THE RETURN HAS BEEN UPDATED WITH INTERNAL MANAGEMENT AND THE AUDIT AND RISK COMMITTEE'S COMMENTS, EACH VOTING MEMBER OF THE GOVERNING BODY, THE PRESIDENT & DIRECTOR AND VP FOR OPERATIONS AND CHIEF FINANCIAL OFFICER, WILL RECEIVE COPIES OF FORM 990 FOR REVIEW. THE AUDITORS/TAX CONSULTANTS WILL THEN FINALIZE THE FORM 990. COPIES OF COMPLETED FORM 990 WILL BE DISTRIBUTED IN ELECTRONIC OR PAPER FORM TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING WITH THE IRS. A DESIGNEE OF THE CHIEF FINANCIAL OFFICER WILL BE RESPONSIBLE FOR MAINTAINING A CURRENT DISTRIBUTION LIST AND DISTRIBUTING THE COPIES. CONFLICT OF INTEREST COMPLIANCE FORM 990, PART VI, LINE 12C EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE OF WOODS HOLE OCEANOGRAPHIC INSTITUTION ("WHOI") IS REQUIRED TO DISCLOSE ON AN ONGOING BASIS, IN WRITING, ON WHOI'S DISCLOSURE STATEMENT, (A) ANY FINANCIAL OR BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMBER, HAS WITH WHOI OR ANY AFFILIATED ORGANIZATION OR WITH ORGANIZATIONS THAT DO BUSINESS WITH WHOI OR ANY AFFILIATED ORGANIZATION, (B) ANY ELECTED OR APPOINTED OFFICE OR POSITION THAT HE OR SHE, OR ANY FAMILY MEMBER, HOLDS IN A BRANCH OF GOVERNMENT OR IN A REGULATORY AGENCY HAVING AUTHORITY OR JURISDICTION OVER WHOI, OR (C) OTHER PERSONAL, FAMILIAL, FINANCIAL, OR BUSINESS RELATIONSHIPS THAT OTHERWISE COULD BE CONSTRUED TO AFFECT THE INDEPENDENT, UNBIASED JUDGMENT OF SUCH TRUSTEE OR OFFICER IN LIGHT OF HIS OR HER DECISION-MAKING AUTHORITY OR RESPONSIBILITIES FOR WHOI. THE DISCLOSURE STATEMENTS ARE FILED WITH WHOI'S SECRETARY AND THE SECRETARY WILL PREPARE A REPORT ANNUALLY OR MORE FREQUENTLY AS NECESSARY FOR THE TRUSTEES AND OFFICERS SUMMARIZING ANY CONFLICT ISSUES. THE AUDIT COMMITTEE REVIEWS THE DISCLOSURE REPORTS AND ANY CONFLICTS OR POTENTIAL CONFLICTS ARE BROUGHT TO THE EXECUTIVE COMMITTEE'S ATTENTION. THE EXECUTIVE COMMITTEE WILL DETERMINE WHETHER A CONFLICT EXISTS BASED ON WHOI'S CONFLICT OF INTEREST POLICY. IF A CONFLICT OF INTEREST IS DETERMINED, THE EXECUTIVE COMMITTEE WILL EXERCISE ITS JUDGMENT ON THE BEST COURSE TO FOLLOW. COMPENSATION APPROVAL FORM 990, PART VI, LINE 15 THE ANNUAL COMPENSATION APPROVAL PROCESS CONSISTS OF A REVIEW BY THE ORGANIZATION'S INDEPENDENT COMPENSATION COMMITTEE, USING COMPARABLE, RELEVANT MARKET DATA FOR THE INSTITUTION'S POSITIONS OBTAINED FROM PUBLISHED SURVEYS, AND OTHER AVAILABLE SOURCES SUCH AS PEER ORGANIZATIONS' 990 FORMS. OTHER SURVEYS OF SPECIALIZED SKILL SETS OR EMPLOYEE ATTRIBUTES CRITICAL TO THE SUCCESS OF THE INSTITUTION WILL ALSO BE INCORPORATED AS NEEDED. MOREOVER, THE COMMITTEE MAY RELY ON MEMBERS OF WHOI MANAGEMENT AND OUTSIDE ADVISORS, CONSULTANTS, AND COUNSEL TO PROVIDE MARKET DATA REPORTS, ANALYSIS, AND OPINIONS WITH RESPECT TO COMPENSATION-RELATED MATTERS. ALL COMPENSATION DECISIONS MADE ARE DOCUMENTED IN THE MINUTES. PUBLIC DISCLOSURE OF DOCUMENTS FORM 990, PART VI, LINE 19 THE WOODS HOLE OCEANOGRAPHIC INSTITUTION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 VEBA RELATED EXPENSE (389,803) RETURN ON INVESTMENT FOR RETIREE & ACTIVE MED. 1,684,136 CHANGE IN SPLIT INTEREST AGREEMENTS 620,143 PENSION RELATED CHANGES OTHER THAN COST (527,550) OTHER NONOPERATING EXPENSES (24,770,976) ------------ TOTAL (23,384,050) WHOI TAX EXEMPT EMP WELFARE BEN TRUST 569 WOODS HOLE ROAD WOODS HOLE MA 02543 043282355 BEN. TRUST MA 501(C)(9) N/A WOODS HOLE true WHOI INVESTMENTS HOLDINGS LP 569 WOODS HOLE RD WOODS HOLE MA 02543 371769504 INVESTING DE WOODS HOLE EXCLUDED false false 1.00000 QUISSETT DEVELOPMENT CORP REALTY TRUST 569 WOODS HOLE ROAD WOODS HOLE MA 02543 266212595 LICENSING MA WOODS HOLE TRUST 1.00000 true CHARITABLE REMAINDER TRUST (1) SUPPORT MA WOODS HOLE TRUST true CHARITABLE REMAINDER TRUST (2) SUPPORT NY WOODS HOLE TRUST true CHARITABLE REMAINDER TRUST (3) SUPPORT FL WOODS HOLE TRUST true false true false false false false false false false false false false false false false false true true true WHOI TAX EXEMPT EMP WELFARE BEN TRUST Q 984344 CASH WHOI INVESTMENT HOLDINGS LP S 5025000 CASH