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Nonprofiteer
← BATTELLE MEMORIAL INSTITUTE

Form 990 for tax year 2024

Filed by BATTELLE MEMORIAL INSTITUTE.

Totals

Total revenue
$13,526,408,187
Total expenses
$13,402,357,370
Contributions and grants received
$11,912,917,812
Grants paid
$19,084,840
Program services expenses (Part IX)
$8,880,416,489
Management and general expenses
$4,521,940,881
Fundraising expenses
$0
Program service expenses (Part III)
$8,880,416,489

Program services were 66.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SEAN C O'KEEFE

    DIRECTOR

    Total calculated
    $170,898
    From this org
    $170,898
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $170,898
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,898

  • JOHN C LECHLEITER

    DIRECTOR

    Total calculated
    $168,912
    From this org
    $168,912
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $168,912
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,912

  • KIRKLAND H DONALD

    CHAIRMAN AND DIRECTOR

    Total calculated
    $246,034
    From this org
    $246,034
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $246,034
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $246,034

  • STEPHANIE O'SULLIVAN

    DIRECTOR TO 09/25

    Total calculated
    $168,403
    From this org
    $168,403
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $168,403
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,403

  • SUZANNE M VAUTRINOT

    DIRECTOR

    Total calculated
    $168,376
    From this org
    $168,376
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $168,376
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,376

  • VICKY A BAILEY

    DIRECTOR TO 11/24

    Total calculated
    $158,192
    From this org
    $158,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $158,192
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $158,192

  • STEPHEN D STEINOUR

    DIRECTOR

    Total calculated
    $166,286
    From this org
    $166,286
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $166,286
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $166,286

  • WAYNE FREDERICK

    DIRECTOR TO 8/25

    Total calculated
    $162,394
    From this org
    $162,394
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $162,394
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,394

  • CALVIN G BUTLER

    DIRECTOR

    Total calculated
    $167,914
    From this org
    $167,914
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $167,914
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $167,914

  • JEFFREY W EDWARDS

    DIRECTOR

    Total calculated
    $168,449
    From this org
    $168,449
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $168,449
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,449

  • LEWIS VON THAER

    PRESIDENT & CEO

    Total calculated
    $5,978,396
    From this org
    $5,933,094
    From related orgs
    $0
    Other
    $45,302
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,382,944
    Bonus
    $3,953,364
    Other
    $596,786
    Deferred
    $26,539
    Nontaxable benefits
    $18,763
    Filer's total
    $5,978,396

  • CHRIS BOYNTON

    EXECUTIVE VP, CFO

    Total calculated
    $803,108
    From this org
    $745,018
    From related orgs
    $0
    Other
    $58,090
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $480,703
    Bonus
    $258,288
    Other
    $6,027
    Deferred
    $26,539
    Nontaxable benefits
    $31,551
    Filer's total
    $803,108

  • JUAN ALVAREZ

    EXECUTIVE VP, GLB LAB OPS FRM 11/24

    Total calculated
    $1,079,159
    From this org
    $996,409
    From related orgs
    $0
    Other
    $82,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $658,820
    Bonus
    $241,852
    Other
    $95,737
    Deferred
    $59,347
    Nontaxable benefits
    $23,403
    Filer's total
    $1,079,159

  • MATTHEW L VAUGHAN

    EXECUTIVE VP, AS&T

    Total calculated
    $1,691,319
    From this org
    $1,637,367
    From related orgs
    $0
    Other
    $53,952
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $628,003
    Bonus
    $897,793
    Other
    $111,571
    Deferred
    $25,742
    Nontaxable benefits
    $28,210
    Filer's total
    $1,691,319

  • RUSSELL P AUSTIN

    SR VP, GEN COUNSEL & SECRETARY

    Total calculated
    $1,245,204
    From this org
    $1,210,374
    From related orgs
    $0
    Other
    $34,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,889
    Bonus
    $632,860
    Other
    $95,625
    Deferred
    $16,587
    Nontaxable benefits
    $18,243
    Filer's total
    $1,245,204

  • JOHN WAGNER

    SR VP, LAB DIRECTOR

    Total calculated
    $1,034,304
    From this org
    $973,755
    From related orgs
    $0
    Other
    $60,549
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $650,936
    Bonus
    $320,497
    Other
    $2,322
    Deferred
    $20,724
    Nontaxable benefits
    $39,825
    Filer's total
    $1,034,304

  • STEVEN F ASHBY

    SR VP, LAB DIRECTOR TO 9/25

    Total calculated
    $1,879,908
    From this org
    $1,648,023
    From related orgs
    $0
    Other
    $231,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $624,069
    Bonus
    $832,771
    Other
    $191,183
    Deferred
    $204,520
    Nontaxable benefits
    $27,365
    Filer's total
    $1,879,908

  • SHANNON BENNENT

    SR VP, MARKETING & COMMUN FRM 1/25

    Total calculated
    $0
    Hours/week
    40

  • PATRICK F JARVIS

    SR VP, MARKETING & COMMUN TO 12/24

    Total calculated
    $824,304
    From this org
    $774,049
    From related orgs
    $0
    Other
    $50,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,409
    Bonus
    $453,720
    Other
    $86,920
    Deferred
    $18,748
    Nontaxable benefits
    $31,507
    Filer's total
    $824,304

  • AIMEE KENNEDY

    SR VP, CHIEF HR OFFICER

    Total calculated
    $806,862
    From this org
    $760,094
    From related orgs
    $0
    Other
    $46,768
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,320
    Bonus
    $409,712
    Other
    $48,062
    Deferred
    $24,054
    Nontaxable benefits
    $22,714
    Filer's total
    $806,862

  • BRIAN R SMITH

    VP & TREASURER

    Total calculated
    $487,561
    From this org
    $437,497
    From related orgs
    $0
    Other
    $50,064
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $276,896
    Bonus
    $155,798
    Other
    $4,803
    Deferred
    $22,416
    Nontaxable benefits
    $27,648
    Filer's total
    $487,561

  • ERICA CLASSING

    ASST TREAS & CONTROLLER FRM 03/25

    Total calculated
    $245,055
    From this org
    $217,281
    From related orgs
    $0
    Other
    $27,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,535
    Bonus
    $25,448
    Other
    $298
    Deferred
    $15,883
    Nontaxable benefits
    $11,891
    Filer's total
    $245,055

  • AMY VERTANEN

    ASST TREAS & CONTROLLER TO 01/25

    Total calculated
    $503,614
    From this org
    $452,569
    From related orgs
    $0
    Other
    $51,045
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,388
    Bonus
    $170,998
    Other
    $1,183
    Deferred
    $23,191
    Nontaxable benefits
    $27,854
    Filer's total
    $503,614

  • THOMAS E SHARPE

    ASST TREASURER & ASST SECR

    Total calculated
    $357,167
    From this org
    $315,614
    From related orgs
    $0
    Other
    $41,553
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $272,512
    Bonus
    $35,625
    Other
    $7,477
    Deferred
    $22,247
    Nontaxable benefits
    $19,306
    Filer's total
    $357,167

  • GEORGE LECAKES

    SR VP & GENERAL MANAGER

    Total calculated
    $978,730
    From this org
    $965,072
    From related orgs
    $0
    Other
    $13,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $344,790
    Bonus
    $382,133
    Other
    $238,149
    Deferred
    $12,773
    Nontaxable benefits
    $885
    Filer's total
    $978,730

  • MICHAEL SCHLENDER

    DEPUTY LAB DIRECTOR

    Total calculated
    $988,420
    From this org
    $738,571
    From related orgs
    $0
    Other
    $249,849
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,318
    Bonus
    $172,751
    Other
    $115,502
    Deferred
    $234,023
    Nontaxable benefits
    $15,826
    Filer's total
    $988,420

  • BRIAN ABRAHAMSON

    DEPUTY LAB DIRECTOR

    Total calculated
    $846,743
    From this org
    $733,971
    From related orgs
    $0
    Other
    $112,772
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $429,674
    Bonus
    $160,550
    Other
    $143,747
    Deferred
    $103,798
    Nontaxable benefits
    $8,974
    Filer's total
    $846,743

  • JUDSON VIRDEN

    DEPUTY LAB DIRECTOR

    Total calculated
    $1,110,978
    From this org
    $713,646
    From related orgs
    $0
    Other
    $397,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $438,738
    Bonus
    $183,253
    Other
    $91,655
    Deferred
    $381,538
    Nontaxable benefits
    $15,794
    Filer's total
    $1,110,978

  • JONATHAN CARTLIDGE

    SALES DIRECTOR

    Total calculated
    $784,143
    From this org
    $757,356
    From related orgs
    $0
    Other
    $26,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,920
    Bonus
    $623,017
    Other
    $419
    Deferred
    $26,597
    Nontaxable benefits
    $190
    Filer's total
    $784,143

  • EDWARD GRECCO

    EXECUTIVE VP, CFO TO 05/23

    Total calculated
    $767,334
    From this org
    $760,478
    From related orgs
    $0
    Other
    $6,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,050
    Bonus
    $511,812
    Other
    $147,616
    Deferred
    $6,835
    Nontaxable benefits
    $21
    Filer's total
    $767,334

  • MARK T PETERS

    EXECUTIVE VP, GLB LAB OPS TO 08/24

    Total calculated
    $526,051
    From this org
    $487,164
    From related orgs
    $0
    Other
    $38,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $459,653
    Bonus
    $0
    Other
    $27,511
    Deferred
    $18,277
    Nontaxable benefits
    $20,610
    Filer's total
    $526,051

  • THOMAS E MASON

    SENIOR VP 07/17 TO 11/17

    Total calculated
    $759,414
    From this org
    $759,393
    From related orgs
    $0
    Other
    $21
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $610,561
    Other
    $148,832
    Deferred
    $0
    Nontaxable benefits
    $21
    Filer's total
    $759,414

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments

Answered no

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DIRECTORS, OFFICERS, AND STAFF TRAVEL ON THE CORPORATE PLANES. TRAVEL EXPENSES COMPLY WITH A WRITTEN REIMBURSEMENT POLICY THAT FOLLOWS PUBLISHED IRS GUIDANCE. ALL EXECUTIVES, INCLUDING THOSE INDIVIDUALS REPORTED ON PART VII, ARE REQUIRED TO SUBSTANTIATE TRAVEL AND ENTERTAINMENT EXPENSES IN ACCORDANCE WITH THE POLICY. INTERNAL AUDIT TESTED THE EXPENSE REPORTS ASSOCIATED WITH DIRECTORS AND OFFICERS TRAVEL AND ENTERTAINMENT EXPENSES. FOR 2024 TWO OFFICERS HAD PERSONAL USE OF A CORPORATE AIRCRAFT AND THE VALUE OF THE OFFICER'S PERSONAL USE WAS INCLUDED IN THE COMPENSATION OF SUCH OFFICER REPORTED ON W-2. TWO OFFICER'S HAD TRAVEL FOR COMPANIONS ON CORPORATE AIRCRAFT AND THE VALUE OF THE OFFICER'S COMPANION TRAVEL EXPENSES WERE INCLUDED IN THE COMPENSATION OF SUCH OFFICER REPORTED ON W-2. BATTELLE MEMORIAL INSTITUTE ("BMI") PROVIDES A TAX GROSS-UP FOR RELOCATION COSTS, CERTAIN FRINGE BENEFITS AND OTHER MISCELLANEOUS ITEMS. FOR 2024 TWELVE OFFICERS AND TEN DIRECTORS HAD TAX GROSS UPS. SOCIAL CLUB DUES PERTAIN TO DUES THAT ALLOW BUSINESS MEETINGS AND BUSINESS ACTIVITIES TO TAKE PLACE. FOR 2024 THERE WAS ONE CURRENT OFFICER WITH SOCIAL CLUB DUES.
PART I, LINES 4A-C
EFFECTIVE OCTOBER 1, 2015, BATTELLE MEMORIAL INSTITUTE IMPLEMENTED THE BMI RETIREMENT BENEFITS RESTORATION PLAN ("RESTORATION PLAN"), A TOP HAT PLAN THAT REPLACES THE NOW TERMINATED BATTELLE MEMORIAL INSTITUTE EXECUTIVE'S SECTION 457(F) PENSION PLAN. THE RESTORATION PLAN IS A COMPONENT OF BATTELLE'S TOTAL COMPENSATION PACKAGE, AND IT PROVIDES A DEFINED CONTRIBUTION ACCRUAL SPECIFIC TO PAY EARNED IN EXCESS OF IRS PAY LIMITS. THESE CONTRIBUTIONS ARE VESTED ON A CLASS-YEAR BASIS (5-YEARS AFTER CONTRIBUTION, OR AT AGE 65 IF EARLIER), AND ARE TAXABLE TO THE PARTICIPANT IN THE YEAR OF VESTING. THE AMOUNT THAT BECOMES VESTED/TAXABLE IS REPORTED ON THE PARTICIPANT'S FORM W-2 IN THE YEAR OF VESTING. IN 2024, FIFTEEN WERE REPORTED WITH VESTED/TAXABLE COMPENSATION IN COLUMN D OF PART VII AS APPLICABLE. SEVERANCE GEORGE LECAKES 222,254 NON-QUALIFIED RETIREMENT PLAN STEVEN ASHBY 157,410 JUAN ALVAREZ 27,361 RUSSELL AUSTIN 89,202 ED GRECCO 147,382 PATRICK JARVIS 82,464 AIMEE KENNEDY 39,724 GEORGE LECAKES 12,793 THOMANS MASON 128,832 BRIAN ABRAHAMSON 24,614 JUDSON VIRDEN 68,913 THOMAS SHARPE 3,708 MICHAEL SCHLENDER 91,087 BRIAN SMITH 2,841 LOU THAER 531,743 MATT VAUGHAN 103,916 EFFECTIVE JANUARY 19, 2023, BMI ADOPTED THE BATTELLE MEMORIAL INSTITUTE EQUITY PARTICIPATION PLAN ("EPP") AS AN INCENTIVE COMPENSATION PROGRAM FOR EMPLOYEES WHO MAKE SIGNIFICANT CONTRIBUTIONS TO BMI SCIENTIFIC RESEARCH BY GRANTING THEM PROFIT INTERESTS IN NEW BUSINESSES THAT FURTHER DEVELOP AND COMMERCIALIZE THE OUTCOMES OF THAT SCIENTIFIC RESEARCH. IN 2023, VARIOUS BMI EMPLOYEES, INCLUDING SOME BMI EMPLOYEES THAT ARE LISTED ON PART VII OF SECTION A OF FORM 990, WERE AWARDED PROFIT UNITS IN RET INCENTIVE, LLC WHICH IS A BMI AFFILIATE THAT HOLDS BMI'S EQUITY INTEREST IN A BMI SPIN OUT THAT IS FOCUSED ON THE TREATMENT AND DESTRUCTION OF PFAS. PROFIT UNITS GRANTED UNDER THE EPP GENERALLY VEST IN THREE YEARS AND RECIPIENTS OF THOSE PROFIT UNITS MADE SECTION 83(B) ELECTIONS FOR THOSE UNITS. NO PROFIT UNITS WERE ISSUED UNDER THE EPP IN 2024. THE PROFIT UNITS OF RET INCENTIVE, LLC THAT WERE GRANTED IN 2023 AND THAT ARE CURRENTLY BEING HELD BY PERSONS LISTED ON PART VII OF SECTION A OF FORM 990 ARE AS FOLLOWS: NAME NUMBER OF PROFIT UNITS RUSSELL P. AUSTIN 1,332 EDWARD GRECCO 1,332 PATRICK JARVIS 1,332 AIMEE KENNEDY 1,332 GEORGE LECAKES 318 MARK PERIGO 318 MARK PETERS 318 BRIAN SMITH 318 AMY VERTANEN 318 LOU VON THAER 2000
PART I, LINE 7
SHORT AND LONG-TERM INCENTIVE COMPENSATION PROGRAMS ARE TIED TO CORPORATE AND INDIVIDUAL PERFORMANCE.
SCHEDULE J SUPPLEMENTAL INFORMATION
DIRECTORS ARE PAID AS INDEPENDENT CONTRACTORS IN PART VII. EMPLOYEE WELFARE BENEFITS AND FRINGE BENEFITS: IN ADDITION TO THE COMPENSATION AND RETIREMENT PLANS OTHERWISE LISTED IN PART VII, THOSE INDIVIDUALS REPORTED ON PART VII WHO ARE EMPLOYEES OF BMI ARE ELIGIBLE TO PARTICIPATE IN BMI'S EMPLOYEE WELFARE BENEFIT AND GROUP INSURANCE PLANS ON THE SAME TERMS AS ANY OTHER EMPLOYEE. CONTRIBUTIONS TO EMPLOYEE WELFARE BENEFIT AND GROUP INSURANCE PLANS ARE MADE IN AGGREGATE BASED UPON GROUP ACTUARIAL FACTORS AND HISTORICAL CLAIMS EXPERIENCE AND APPORTIONING SPECIFIC DOLLAR AMOUNTS TO INDIVIDUALS IS IMPRACTICAL. AS EMPLOYEES, SUCH INDIVIDUALS MAY ALSO HAVE RECEIVED WORKING CONDITION FRINGE BENEFITS AND/OR DE MINIMIS FRINGE BENEFITS EXCLUDED FROM INCOME UNDER INTERNAL REVENUE CODE SECTIONS 132(A)(3) AND 132(A)(4) RESPECTIVELY. TRAVEL AND ENTERTAINMENT EXPENSE REIMBURSEMENT: BMI'S EXECUTIVES INCUR VARIOUS TRAVEL AND ENTERTAINMENT EXPENSES IN THE CONDUCT OF THEIR OFFICIAL DUTIES AS REPRESENTATIVES OF BMI. BMI HAS WRITTEN TRAVEL AND ENTERTAINMENT EXPENSE REIMBURSEMENT POLICIES THAT COMPLY WITH PUBLISHED IRS GUIDANCE. ALL EXECUTIVES, INCLUDING THOSE INDIVIDUALS REPORTED ON PART VII, ARE REQUIRED TO SUBSTANTIATE TRAVEL AND ENTERTAINMENT EXPENSE IN ACCORDANCE WITH THAT POLICY. INTERNAL AUDIT TESTED A REPRESENTATIVE SAMPLE OF THE EXPENSE REPORTS ASSOCIATED WITH DIRECTOR'S AND OFFICER'S TRAVEL AND ENTERTAINMENT EXPENSES. BMI'S TOTAL COMPENSATION PACKAGE CONSISTS OF BASE SALARIES OR HOURLY RATES OF PAY; SHORT AND LONG-TERM INCENTIVE COMPENSATION PROGRAMS TIED TO CORPORATE AND INDIVIDUAL PERFORMANCE; QUALIFIED DEFINED BENEFIT FOR ELIGIBLE EMPLOYEES AND DEFINED CONTRIBUTION EMPLOYEE BENEFIT PLANS; NONQUALIFIED PLANS AND CASH PAYMENT ARRANGEMENTS; VARIOUS EMPLOYEE WELFARE BENEFIT PLANS AND GROUP INSURANCES; PAID LEAVE TIME; TUITION REIMBURSEMENT; MISCELLANEOUS DE MINIMIS FRINGE BENEFITS AND WORKING CONDITION FRINGE BENEFITS. DEFERRED COMPENSATION FROM RETIREMENT PLANS REPORTED IN SCHEDULE J, PART II, COLUMN C REFLECTS THE IMPACT OF THE CHANGES IN THE DISCOUNT RATE AND ACTUARIAL IMPACTS OF SALARY GROWTH, AGE, AND ADDITIONAL SERVICE AND OTHER ACTUARIAL FACTORS, THEREBY INCREASING OR DECREASING THE AMOUNTS.
SCHEDULE J SUPPLEMENTAL INFORMATION - LOANS TO AND/OR FROM INTERESTED PERSO
IN ORDER TO ATTRACT, RETAIN AND REWARD TALENTED KEY EMPLOYEES AND PROVIDE AN ADDITIONAL BENEFIT FOR KEY HIRES IN RECOGNITION OF EXTRAORDINARY CONTRIBUTIONS, BMI ADOPTED AND MAINTAINS THE BATTELLE CAPITAL ACCUMULATION PROGRAM, A SPLIT-DOLLAR LIFE INSURANCE ARRANGEMENT AS DEFINED IN TREASURY REGULATION SECTION 1.61-22(B) WHICH COMPLIES WITH TREASURY REGULATION SECTION 1.7872-15. ELIGIBLE EMPLOYEES MAY ELECT, IN LIEU OF CURRENT COMPENSATION, FOR BMI TO PAY THE PREMIUMS TO FUND THE INSURANCE ARRANGEMENT. SUCH PAYMENTS ARE TREATED AS LOANS FOR TAX PURPOSES AND ARE SECURED BY A COLLATERAL ASSIGNMENT OF THE INSURANCE PROCEEDS IN THE AGGREGATE AMOUNT OF THE LOANS AND ACCRUED INTEREST. PARTICIPATING EMPLOYEES LISTED IN PART VII, SECTION A ARE LISTED IN SCHEDULE L, PART II.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202612229349301026

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