Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $11,753,496,242

• 1f · All other contributions, gifts and grants

  $58,985,015

• 2a · Program service revenue: GOVERNMENT CONTRACTS

  total $964,330,074 · related or exempt $964,330,074

• 2b · Program service revenue: SCIENTIFIC RESEARCH

  total $446,601,016 · related or exempt $341,336,294 · unrelated business $105,264,722

• 3 · Investment income

  total $29,342,897 · unrelated business $513,810 · excluded $28,829,087

• 5 · Royalties

  total $3,192,482 · excluded $3,192,482

• 6a · Gross rents

  real property $907,821

• 6b · Less rental expenses

  real property $40,585

• 6c · Rental income or loss

  real property $867,236

• 6d · Net rental income or loss

  total $867,236 · unrelated business $768,443 · excluded $98,793

• 7a · Gross sales of assets other than inventory

  securities $91,715,306

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $37,318

• 7c · Gain or loss

  securities $91,715,306 · other assets -$37,318

• 7d · Net gain or loss

  total $91,677,988 · excluded $91,677,988

• 11a · Other revenue: OTHER INCOME

  total $588,163 · excluded $588,163

• 11e · Other revenue, total

  $588,163

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $18,533,260 · program services $18,533,260

• 5 · Compensation of officers, directors and key employees

  total $22,626,277 · management and general $22,626,277

• 7 · Other salaries and wages

  total $5,417,121,488 · program services $3,564,981,624 · management and general $1,852,139,864

• 8 · Pension plan contributions

  total $251,837,826 · program services $169,560,485 · management and general $82,277,341

• 9 · Other employee benefits

  total $1,490,699,674 · program services $991,894,868 · management and general $498,804,806

• 10 · Payroll taxes

  total $381,623,717 · program services $251,948,634 · management and general $129,675,083

• 11a · Fees: management

  total $4,930,443 · program services $4,930,443

• 11b · Fees: legal

  total $10,005,784 · management and general $10,005,784

• 11c · Fees: accounting

  total $768,509 · management and general $768,509

• 11d · Fees: lobbying

  total $1,228,171 · program services $1,228,171

• 11f · Fees: investment management

  total $2,062,443 · management and general $2,062,443

• 11g · Fees: other

  total $2,953,069,403 · program services $1,929,498,845 · management and general $1,023,570,558

• 12 · Advertising and promotion

  total $503,793 · program services $503,793

• 13 · Office expenses

  total $4,707,263 · program services $152,491 · management and general $4,554,772

• 14 · Information technology

  total $212,552,613 · program services $134,151,923 · management and general $78,400,690

• 16 · Occupancy

  total $168,728,534 · program services $108,831,861 · management and general $59,896,673

• 17 · Travel

  total $218,277,634 · program services $143,836,443 · management and general $74,441,191

• 19 · Conferences, conventions and meetings

  total $4,303,485 · program services $2,762,048 · management and general $1,541,437

• 20 · Interest

  total $8,763,194 · program services $4,460,031 · management and general $4,303,163

• 22 · Depreciation, depletion and amortization

  total $21,379,056 · program services $10,793,350 · management and general $10,585,706

• 23 · Insurance

  total $9,946,076 · management and general $9,946,076

• 24a · Other expenses: PURCHASES

  total $1,657,082,341 · program services $1,048,522,125 · management and general $608,560,216

• 24b · Other expenses: NON SERVICE COSTS OF PE

  total $187,880,771 · management and general $187,880,771

• 24c · Other expenses: NON-INCOME TAX EXPENSE

  total $168,070,495 · program services $116,645,229 · management and general $51,425,266

• 24d · Other expenses: RENTAL & MAINTENANCE

  total $119,273,553 · program services $76,258,937 · management and general $43,014,616

• 24e · All other expenses

  total $33,937,048 · program services $9,820,781 · management and general $24,116,267

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $47,050,353 · end of year $49,764,308

• 2 · Savings and temporary cash investments

  beginning of year $361,331,448 · end of year $279,757,525

• 4 · Accounts receivable

  beginning of year $269,462,081 · end of year $380,973,389

• 5 · Loans and receivables from officers and key people

  beginning of year $16,901,980 · end of year $23,062,367

• 8 · Inventories for sale or use

  beginning of year $1,191,158 · end of year $1,687,746

• 9 · Prepaid expenses and deferred charges

  beginning of year $29,406,744 · end of year $34,246,689

• 10a · Land, buildings and equipment: cost or other basis

  $564,186,803

• 10b · Land, buildings and equipment: accumulated depreciation

  $412,268,174

• 10c · Land, buildings and equipment, net

  beginning of year $155,764,782 · end of year $151,918,629

• 11 · Investments: publicly traded securities

  beginning of year $459,980,508 · end of year $557,949,117

• 12 · Investments: other securities

  beginning of year $226,518,633 · end of year $246,668,603

• 15 · Other assets

  beginning of year $43,509,548 · end of year $69,280,276

• 17 · Accounts payable and accrued expenses

  beginning of year $204,133,082 · end of year $222,773,665

• 19 · Deferred revenue

  beginning of year $56,637,849 · end of year $37,913,837

• 24 · Unsecured notes and loans payable

  beginning of year $305,000,000 · end of year $285,000,000

• 25 · Other liabilities

  beginning of year $131,979,805 · end of year $82,522,331

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $913,366,499 · end of year $1,167,098,816

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 2023 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. FIVE OFFICER'S HAD TRAVEL FOR COMPANIONS AND THE VALUE OF THE OFFICER'S COMPANION TRAVEL EXPENSES WERE INCLUDED IN THE COMPENSATION OF SUCH OFFICER REPORTED ON W-2. BMI PROVIDES A TAX GROSS-UP FOR RELOCATION COSTS, CERTAIN FRINGE BENEFITS AND OTHER MISCELLANEOUS ITEMS. FOR 2023 ELEVEN OFFICERS AND TWELVE DIRECTORS HAD TAX GROSS UPS. SOCIAL CLUB DUES PERTAIN TO DUES THAT ALLOW BUSINESS MEETINGS AND BUSINESS ACTIVITIES TO TAKE PLACE. FOR 2023 THERE WAS ONE CURRENT OFFICER WITH SOCIAL CLUB DUES.

PART I, LINES 4A-C

EFFECTIVE OCTOBER 1, 2015, BATTELLE MEMORIAL INSTITUTE IMPLEMENTED THE BATTELLE MEMORIAL INSTITUTE 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 2023, THIRTEEN WERE REPORTED WITH VESTED/TAXABLE COMPENSATION IN COLUMN D OF PART VII AS APPLICABLE. SEVERANCE MARK PERRIGO 130,313 NON-QUALIFIED RETIREMENT PLAN STEVEN ASHBY 85,354 RUSSELL AUSTIN 75,579 ED GRECCO 10,035 PATRICK JARVIS 62,640 AIMEE KENNEDY 31,019 GEORGE LECAKES 8,551 THOMAS MASON 76,533 ANTHONY PEURRUNG 59,562 JERRY ROTTLER 197,653 THOMAS SHARPE 3,018 MICHAEL SCHLENDER 77,391 LOU THAER 134,284 MATT VAUGHAN 20,677 EQUITY-BASED COMPENSATION ARRANGEMENT EFFECTIVE JANUARY 19, 2023, BMI ADOPTED THE BATTELLE MEMORIAL INSTITUTE EQUITY PARTICIPATION PLAN 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 EQUITY INTERESTS IN A BMI SPIN OUT THAT IS FOCUSED ON THE TREATMENT AND DESTRUCTION OF PFAS. THE PROFIT UNITS OF RET INCENTIVE, LLC THAT WERE GRANTED IN 2023 GENERALLY VEST IN THREE YEARS AND RECIPIENTS OF THOSE PROFIT UNITS MADE SECTION 83(B) ELECTIONS FOR THOSE UNITS. AWARDS OF PROFIT UNITS OF RET INCENTIVE, LLC IN 2023 TO LISTED PERSONS ARE AS FOLLOWS: NAME PROFIT UNITS AWARDED PERCENTAGE INTEREST OF RET INCENTIVE, LLC RUSSELL P. AUSTIN 1,332 0.5994% EDWARD GRECCO 1,332 0.5994% PATRICK JARVIS 1,332 0.5994% AIMEE KENNEDY 1,332 0.5994% GEORGE LECAKES 318 0.1431% MARK PERIGO 318 0.1431% MARK PETERS 318 0.1431% BRIAN SMITH 318 0.1431% AMY VERTANEN 318 0.1431% LOU VON THAER 2000 0.90%

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, 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 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 (THE "PLAN"). 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BATTELLE NATIONAL BIODEFENSE INSTITUTE LLC

  MANAGEMENT OF NATIONAL LABORATORY · DE · income $50,565,736 · assets $13,780,950

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• BATTELLE ENERGY ALLIANCE LLC

  MANAGEMENT OF NATIONAL LABORATORY · DE · income $2,065,780,418 · assets $6,803,567

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• BATTELLE SAVANNAH RIVER ALLIANCE LLC

  MANAGEMENT OF NATIONAL LABORATORY · DE · income $435,955,551 · assets $5,219,709

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• RET INCENTIVE LLC

  UNRELATED · EQUITY PARTICIPATION PLAN · DE · 82% owned · share of income -$1,265,793 · share of assets $1,062,843

  Directly controlled by RET HOLDCO INC

• AMPLIFYBIO LLC

  UNRELATED · ADVANCED MEDICAL RESEARCH · DE · 56.58% owned · share of income -$22,826,632 · share of assets $63,439,974

  Directly controlled by BATTELLE SERVICES COMPANY INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BATTELLE APPLIED SOLUTIONS LLC

  C · ENVIRONMENTAL SERVICES · DE · 100% owned · share of income $389,559 · share of assets $1,043,976 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• BATTELLE CANADA LTD

  C · SCIENTIFIC RESEARCH · CA · 100% owned · share of income $316 · share of assets $17,805 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• BATTELLE SERVICES COMPANY INC

  C · HOLDING COMPANY · OH · 100% owned · share of income $354,417 · share of assets $116,529,302 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• BATTELLE UK LIMITED

  C · SCIENTIFIC RESEARCH · UK · 100% owned · share of income $13,260,597 · share of assets $12,942,961 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• B-C JV LLC

  C · SCIENTIFIC RESEARCH (DORMANT) · MD · 70% owned · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• GEOSAFE CORPORATION

  C · LICENSING COMPANY · WA · 100% owned · share of assets $419,089 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• RESEARCH INSURANCE COMPANY LTD

  C · INSURING BATTELLE RISKS · BD · 100% owned · share of income $1,918,619 · share of assets $127,485,169 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• RET HOLDCO INC

  C · HOLDING COMPANY · DE · 100% owned · share of income $278,660 · share of assets $302,742 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• SCIENTIFIC ADVANCES INC

  C · VENTURE CAPITAL MANAGEMENT · OH · 100% owned · share of income $207 · share of assets $107,006 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• SEEBYTE HOLDINGS LTD

  C · HOLDING COMPANY · UK · 100% owned · share of income $14,012,461 · share of assets $25,140,809 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• SEEBYTE INC

  C · SOFTWARE DEVELOPMENT · DE · 100% owned · share of income $1,731,654 · share of assets $5,393,004 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE

• VITEX SYSTEMS INC

  C · LICENSING COMPANY · DE · 100% owned · share of income $17,733 · share of assets $556,608 · controlled entity

  Directly controlled by BATTELLE MEMORIAL INSTITUTE