TY 2018 Form 990 Schedule O

efile Public Visual Render ObjectId: 202131819349301803 - Submission: 2021-06-30 TIN: 81-0459235

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

MCLAUGHLIN RESEARCH INSTITUTE FOR
BIOMEDICAL SCIENCES INC

Employer identification number

81-0459235

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	MANY MEMBERS OF THE INSTITUTE'S BOARD OF DIRECTORS ARE PROMINENT MEMBERS OF THE BUSINESS COMMUNITY AND INCLUDE ATTORNEYS, ACCOUNTANTS, GENERAL CONTRACTORS, DOCTORS AND RETAILERS WHO PROVIDE SERVICES AND PRODUCTS ON AN ARMS-LENGTH BASIS TO THE COMMUNITY AND SURROUNDING TRADE AREA INCLUDING OTHER MEMBERS OF THE INSTITUTE'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM WITH ADDITIONAL REVIEW BY THE ORGANIZATION'S FINANCE OFFICER BEFORE SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. INSTITUTE ACTIVITIES ARE VERY SPECIALIZED WITH A RELATIVELY SMALL NUMBER OF SUPPLIERS. THE FINANCIAL OFFICER IS RESPONSIBLE FOR MONITORING TRANSACTIONS WITH PARTIES RELATED TO BOARD MEMBERS. THE INSTITUTE MAINTAINS A SEPARATE CONFLICT OF INTEREST POLICY FOR ITS RESEARCH STAFF TO ENSURE COMPLIANCE WITH FEDERAL REGULATIONS REGARDING DISCLOSURE OF CONFLICTS.
FORM 990, PART VI, SECTION B, LINE 15A	THE INSTITUTE'S BOARD OF DIRECTORS AND SCIENTIFIC ADVISORY COMMITTEE REVIEW AND APPROVE COMPENSATION PAID TO THE INSTITUTE'S DIRECTOR/PRESIDENT. AMONG OTHER THINGS, THE BOARD REVIEWS COMPENSATION SURVEYS CONDUCTED BY THE ASSOCIATION OF INDEPENDENT RESEARCH INSTITUTES. ADDITIONALLY, SALARY RESTRICTIONS ARE PLACED ON THE CHIEF SCIENTIST BY NATIONAL INSTITUTES OF HEALTH GUIDELINES. THE DIRECTOR'S SALARY IS WELL WITHIN THE ABOVE PARAMETERS AND HAS BEEN INCREASED SINCE JULY 2014. ALL INSTITUTE SALARIES ARE DISCUSSED AND REVIEWED BY THE FINANCE COMMITTEE AS PART OF ITS ANNUAL BUDGET REVIEW PROCESS.
FORM 990, PART VI, SECTION C, LINE 19	THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS, FORM 990, AND CONFLICT OF INTEREST POLICY ARE POSTED AND AVAILABLE ON THE INSTITUTE'S WEBSITE (MCLAUGHLINRESEARCH.ORG). FINANCIAL STATEMENTS AND TAX FORMS ARE ALSO POSTED AND AVAILABLE ON THE WEBSITES OF VARIOUS NONPROFIT INFORMATION SERVICES.
FORM 990, PART XI, LINE 9:	CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -35387. THE ORIGINAL FORM 990 WAS AMENDED FOR ADJUSTMENTS TO THE ACCOUNTING RECORDS AFFECTING FORM 990 PARTS I, III, VIII, IX, X, AND XI. ALSO AMENDED WAS SCHEDULE A, SECTION A, LINE 1(E), SCHEDULE B, PART I, LINE 5, AND SCHEDULE D, PART VI.
FORM 990, PART XII, LINE 2C:	THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 2

MANY MEMBERS OF THE INSTITUTE'S BOARD OF DIRECTORS ARE PROMINENT MEMBERS OF THE BUSINESS COMMUNITY AND INCLUDE ATTORNEYS, ACCOUNTANTS, GENERAL CONTRACTORS, DOCTORS AND RETAILERS WHO PROVIDE SERVICES AND PRODUCTS ON AN ARMS-LENGTH BASIS TO THE COMMUNITY AND SURROUNDING TRADE AREA INCLUDING OTHER MEMBERS OF THE INSTITUTE'S BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM WITH ADDITIONAL REVIEW BY THE ORGANIZATION'S FINANCE OFFICER BEFORE SUBMISSION.

FORM 990, PART VI, SECTION B, LINE 12C

BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. INSTITUTE ACTIVITIES ARE VERY SPECIALIZED WITH A RELATIVELY SMALL NUMBER OF SUPPLIERS. THE FINANCIAL OFFICER IS RESPONSIBLE FOR MONITORING TRANSACTIONS WITH PARTIES RELATED TO BOARD MEMBERS. THE INSTITUTE MAINTAINS A SEPARATE CONFLICT OF INTEREST POLICY FOR ITS RESEARCH STAFF TO ENSURE COMPLIANCE WITH FEDERAL REGULATIONS REGARDING DISCLOSURE OF CONFLICTS.

FORM 990, PART VI, SECTION B, LINE 15A

THE INSTITUTE'S BOARD OF DIRECTORS AND SCIENTIFIC ADVISORY COMMITTEE REVIEW AND APPROVE COMPENSATION PAID TO THE INSTITUTE'S DIRECTOR/PRESIDENT. AMONG OTHER THINGS, THE BOARD REVIEWS COMPENSATION SURVEYS CONDUCTED BY THE ASSOCIATION OF INDEPENDENT RESEARCH INSTITUTES. ADDITIONALLY, SALARY RESTRICTIONS ARE PLACED ON THE CHIEF SCIENTIST BY NATIONAL INSTITUTES OF HEALTH GUIDELINES. THE DIRECTOR'S SALARY IS WELL WITHIN THE ABOVE PARAMETERS AND HAS BEEN INCREASED SINCE JULY 2014. ALL INSTITUTE SALARIES ARE DISCUSSED AND REVIEWED BY THE FINANCE COMMITTEE AS PART OF ITS ANNUAL BUDGET REVIEW PROCESS.

FORM 990, PART VI, SECTION C, LINE 19

THE INSTITUTE'S AUDITED FINANCIAL STATEMENTS, FORM 990, AND CONFLICT OF INTEREST POLICY ARE POSTED AND AVAILABLE ON THE INSTITUTE'S WEBSITE (MCLAUGHLINRESEARCH.ORG). FINANCIAL STATEMENTS AND TAX FORMS ARE ALSO POSTED AND AVAILABLE ON THE WEBSITES OF VARIOUS NONPROFIT INFORMATION SERVICES.

FORM 990, PART XI, LINE 9:

CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -35387. THE ORIGINAL FORM 990 WAS AMENDED FOR ADJUSTMENTS TO THE ACCOUNTING RECORDS AFFECTING FORM 990 PARTS I, III, VIII, IX, X, AND XI. ALSO AMENDED WAS SCHEDULE A, SECTION A, LINE 1(E), SCHEDULE B, PART I, LINE 5, AND SCHEDULE D, PART VI.

FORM 990, PART XII, LINE 2C:

THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

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