2024-05-15T12:21:28-05:00 2023-06-30 366055558 GRANT THORNTON LLP 171 N CLARK ST CHICAGO IL 60601 990 2022-07-01 382418381 MICHIGAN BIOTECHNOLOGY INSTITUTE MICH 5173539268 325 E GRAND RIVER AVE 275 EAST LANSING MI 48823 DAVID WASHBURN PRESIDENT 5173539268 2024-05-15 1 DAVID WASHBURN 999009999 0 BRIDGET T ROCHE P00666837 3128560200 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID WASHBURN 325 E GRAND RIVER AVE 275 EAST LANSING MI 48823 43321 0 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. 2 0 0 0 0 0 0 0 0 0 -3241 -40385 51152 43321 47911 2936 0 0 0 0 0 0 0 0 0 99126 94778 99126 94778 -51215 -91842 718619 626700 484 407 718135 626293 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 94103 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. MBI PROVIDES BUSINESS AND TECHNICAL EXPERTISE TO DEVELOP AND DERISK EARLY-STAGE BIOBASED TECHNOLOGIES, ULTIMATELY DEMONSTRATING TECHNO-ECONOMIC VIABILITY AT PILOT SCALE AND PREPARING THE TECHNOLOGIES FOR TRANSITION TO COMMERCIAL PARTNERS. 94103 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 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 2 0 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 390197 58630 REBEKAH SKRZYNIARZ DIR. OF FINANCE & TREASURER 1.00 39.00 X X 0 159456 34969 ALLEN JULIAN SECRETARY 1.00 0.00 X X 0 0 0 0 549653 93599 0 0 1 0 0 43321 43321 40385 -40385 -40385 -40385 2936 0 0 2936 633 633 5 5 1104 1068 36 1 1 93035 93035 94778 94103 675 0 61368 73643 22966 14655 534 534 633751 537868 718619 626700 484 407 484 407 X 718135 626293 718135 626293 718619 626700 -91842 0 X 0 1 X 1 0 X 715614 210445 926059 715614 210445 926059 926059 43584 41247 45232 51152 43321 224536 1150595 88424 0.80490 0.87350 X 0 X PART X, LINE 2: FIN 48 FOOTNOTE MBI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTIONS 501(C)(3) OF THE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. 0 0 0 0 0 0 0 0 0 DAVID WASHBURN PRESIDENT & CHAIR 0 333669 0 54750 0 1778 0 33313 0 25317 0 448827 0 0 REBEKAH SKRZYNIARZ DIR. OF FINANCE & TREASURER 0 137481 0 21000 0 975 0 14350 0 20619 0 194425 0 0 PART I, LINE 3: METHODS USED TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR: TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR, 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, EXECUTIVE DIRECTOR, AND INTERNAL ACCOUNTING PERSONNEL. FOLLOWING THE REVIEW AND APPROVAL THE FORM 990 WAS PROVIDED TO EACH OF THE 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 EXECUTIVE DIRECTOR 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 MICHIGAN STATE UNIVERSITY RESEARCH FOUNDATION'S 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) SAME AS 15A ABOVE 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.