2025-05-14T10:10:47-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2023-07-01 382418381 MICHIGAN BIOTECHNOLOGY INSTITUTE MICH 5173539268 325 E GRAND RIVER AVE 275 EAST LANSING MI 48823 DAVID WASHBURN PRESIDENT 5173539268 2025-05-14 1 0 BRIDGET T ROCHE P00666837 3128560200 2023 2025-03-06 01:10:19Z DAVID WASHBURN 325 E GRAND RIVER AVE 275 EAST LANSING MI 48823 36537 0 5167 X HTTPS://WWW.MSUFOUNDATION.ORG/MBI X 1981 MI BRIDGING THE GAP BETWEEN EARLY-STAGE INNOVATION AND COMMERCIAL (CONTINUED IN SCH O) APPLICATION. PARTNERING TO DE-RISK, DEVELOP AND SCALE-UP DISCOVERIES INTO COMMERCIALLY-VIABLE TECHNOLOGY PACKAGES. 3 1 0 1 0 0 0 0 0 0 -40385 -153313 43321 36537 2936 -116776 0 0 0 0 0 0 0 0 0 94778 79703 94778 79703 -91842 -196479 626700 429855 407 41 626293 429814 BRIDGING THE GAP BETWEEN EARLY-STAGE INNOVATION AND COMMERCIAL APPLICATION. PARTNERING TO DE-RISK, DEVELOP AND SCALE-UP DISCOVERIES INTO COMMERCIALLY-VIABLE TECHNOLOGY PACKAGES. 0 0 79120 0 0 RESEARCH AND DEVELOPMENT - PRIVATE, NOT-FOR-PROFIT TECHNOLOGY DEVELOPMENT AND COMMERCIALIZATION CORPORATION ORGANIZED TO MEET AGRICULTURAL, INDUSTRIAL, AND ENVIRONMENTAL MARKET NEEDS BY DEVELOPING AND SCALING UP COMMERCIALLY PROMISING TECHNOLOGIES. MBI'S MISSION IS TO CREATE MEANINGFUL SOCIETAL BENEFITS BY COLLABORATING WITH UNIVERSITIES, GOVERNMENTS, FOUNDATIONS AND COMPANIES TO ACCELERATE THE COMMERCIALIZATION OF BIOBASED TECHNOLOGIES. 79120 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X REBEKAH SKRZYNIARZ 5173539268 325 E GRAND RIVER AVE SUITE 275 EAST LANSING MI 48823 DAVID WASHBURN PRESIDENT & CHAIR 1.00 39.00 X X 0 456997 64199 REBEKAH SKRZYNIARZ DIRECTOR OF FINANCE 1.00 39.00 X X 0 173118 38668 ALLEN JULIAN SECRETARY 2.00 0.00 X X 0 0 0 0 630115 102867 0 0 1 0 0 36537 36537 153313 -153313 -153313 -153313 -116776 0 0 -116776 547 547 1104 1068 36 78052 78052 79703 79120 583 0 73643 94161 14655 12857 534 1000 537868 321837 626700 429855 407 41 407 41 X 626293 429814 626293 429814 626700 429855 -196479 0 X 0 1 X 1 0 X 210445 210445 210445 210445 210445 41247 45232 51152 43321 36537 217489 427934 22487 0.49180 0.80490 X 0 0 X PART X, LINE 2: FIN 48 FOOTNOTE MBI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ('CODE'). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED ON THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. 0 0 0 0 0 0 0 0 0 DAVID WASHBURN PRESIDENT & CHAIR 0 354104 0 102300 0 593 0 34638 0 29561 0 521196 0 0 REBEKAH SKRZYNIARZ DIRECTOR OF FINANCE 0 143393 0 29400 0 325 0 14920 0 23748 0 211786 0 0 PART I, LINE 3: METHODS USED TO ESTABLISH COMPENSATION OF PRESIDENT: TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S PRESIDENT, THE RELATED ORGANIZATION UTILIZES THE FOLLOWING: EXECUTIVE COMMITTEE, COMPARABILITY DATA, AN OUTSIDE COMPENSATION CONSULTING FIRM, AND APPROVAL BY THE BOARD OR EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 BUSINESS RELATIONSHIPS CERTAIN LISTED OFFICERS AND BOARD MEMBERS ALSO SERVE AS OFFICERS AND BOARD MEMBERS OF A RELATED ENTITY. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS 100% OF MBI'S STOCK IS HELD BY THE MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS MEMBERS OF THE MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION'S BOARD OF DIRECTORS ARE ALSO MEMBERS OF MBI'S BOARD AND THEREFORE MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION (STOCKHOLDER) IS INVOLVED IN THE DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS MEMBERS OF THE MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION'S BOARD OF DIRECTORS ARE ALSO MEMBERS OF MBI'S BOARD AND THEREFORE MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION (STOCKHOLDER) IS INVOLVED IN THE DECISION MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FORM 990 WAS PREPARED BY A NATIONAL INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S INTERNAL FINANCE DEPARTMENT. A DRAFT OF THE RETURN IS REVIEWED BY THE DIRECTOR OF FINANCE, PRESIDENT, AND INTERNAL ACCOUNTING PERSONNEL. FOLLOWING THE REVIEW AND APPROVAL THE FORM 990 WAS PROVIDED TO EACH OF THE OTHER VOTING MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY CONFLICT OF INTEREST FORM IS FILLED OUT AT THE BEGINNING OF EACH CALENDAR YEAR AND REVIEWED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL (LINE 15A) THE ANNUAL (FISCAL YEAR) PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S PRESIDENT BEGINS BY ANALYZING COMPENSATION DATA FROM THE MOST CURRENT NATIONAL PUBLISHED COMPENSATION SURVEYS AND IRS FORM 990 DATA. COMPENSATION DATA ARE ANALYZED FROM DEFINED PEER GROUPS COMPARABLE TO MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION IN SIZE AND COMPLEXITY. FOR EXECUTIVE POSITIONS, DATA FROM OTHER INDUSTRIES ARE INCLUDED FOR MARKET COMPARISON PURPOSES. THE COMPENSATION DATA SOURCES ARE USED TO ANALYZE MSU OFFICERS' PAY LEVELS AND TO DETERMINE IF ANY ADJUSTMENTS NEED TO BE MADE. COMPENSATION IS APPROVED BY THE BOARD CHAIR, BOARD VICE CHAIR, AND BOARD PRESIDENT. THIS PROCESS WAS COMPLETED BY A RELATED TAX-EXEMPT ENTITY, MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION. COMPENSATION PROCESS FOR OFFICERS (LINE 15B) THE ANNUAL (FISCAL YEAR) PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S MANAGEMENT TEAM AND REMAINING STAFF BEGINS BY ANALYZING COMPENSATION DATA FROM THE MOST CURRENT NATIONAL PUBLISHED COMPENSATION SURVEYS AND IRS FORM 990 DATA. COMPENSATION DATA ARE ANALYZED FROM DEFINED PEER GROUPS COMPARABLE TO MSU FOUNDATION IN SIZE AND COMPLEXITY. FOR EXECUTIVE POSITIONS, DATA FROM OTHER INDUSTRIES ARE INCLUDED FOR MARKET COMPARISON PURPOSES. THE COMPENSATION DATA SOURCES ARE USED TO ANALYZE MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION'S OFFICERS' PAY LEVELS AND TO DETERMINE IF ANY ADJUSTMENTS NEED TO BE MADE. COMPENATION IS APPROVED BY THE BOARD CHAIR. THE ORGANIZATIONS SALARY BUDGET IS APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. THIS PROCESS WAS COMPLETED BY A RELATED TAX-EXEMPT ENTITY, MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.