Form 990, Part III, Line 2 |
We received a NIH grant in August 2015 that became a significant source of program service revenue. The grant, Structure and Dynamics of Cyclooxygenase Catalysis and Inhibition, is described in detail in 4c. |
Form 990, Part III, Line 3 |
The NIH grant, Multi-Level Optimization of Membrane Proteins for Crystallography, which was listed last year as a significant program service accomplishment, ended in June 2015. |
Form 990, Part III, Line 4d |
Other Program Services include various research work undertaken in endocrine biochemistry and molecular biophysics to develop and understand the cause of disease and potential therapies for the cure. Expenses $2,635,065 include grants of $0 and revenue of $48,375. |
Form 990, Part IV, Line 14a |
HWI has one employee who is based in Germany. |
Form 990, Part VI, Section A, Line 6 |
The membership of the corporation consists of those persons who signed the certificate of incorporation as incorporators, those who are currently serving as directors of the corporation and emeritus directors. |
Form 990, Part VI, Section A, Line 7a |
The members of the organization may elect new members of the organization at the annual members' meeting. Any person may be elected to membership in the corporation by a vote of a majority of the Board of Directors after recommendation by the governance committee and acceptance by the nominee. |
Form 990, Part VI, Section A, Line 7b |
Members need to approve any sale or merger of the Institute. |
Form 990, Part VI, Section B, Line 11b |
Form 990 is prepared by an on-staff CPA and reviewed by an independent accounting firm and the Vice President of Finance and reviewed with the Board of Directors before submission. |
Form 990, Part VI, Section B, Line 12c |
All Board Members complete a conflict of interest disclosure form on an annual basis. The forms are then reviewed by the Chief Executive Officer and kept on file. If a conflict arises, the CEO and board chairman follows up with the affected individual. Every quarterly board meeting begins with a reminder to board members that the conflict of interest policy they signed remains in effect and must be strictly adhered to. |
Form 990, Part VI, Section B, Line 15 |
All employees and corporate officers are reviewed regularly. Appropriate raises are granted based on their performance and the performance of HWI as a whole. In addition, management uses various benchmarking methods to compare salaries and benefits to those of similar non-profit organization in the area as well as comparisions with other research institutes that are members of the association of independent research institutes (AIRI). |
Form 990, Part VI, Section C, Line 19 |
The Institute's governing documents and conflict of interest policy are available upon request. Additionally, the financial statements are on the company's website. |
Form 990, Part VII, Section A, Line 1a |
Reportable compensation from related organizations is from University of Buffalo. The University of Buffalo Structural Biology Department is housed at the Hauptman Woodward Medical Research Institute. Many research scientists also teach classes for UB. Because of this close relationship we have included salaries from UB as related party salary. |
Form 990, Part XI, Line 9 |
Book to Tax Adjustment is necessary for K-1 received from Harker Bio LLC for $5,722 loss for their end of tax year 12/31/2015. |