TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202401369349309120 - Submission: 2024-05-15 TIN: 06-1043412

SCHEDULE O
(Form 990)

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

2022

Open to Public
Inspection

Name of the organization

WHITEHEAD INSTITUTE FOR BIOMEDICAL RESEARCH

Employer identification number

06-1043412

Return Reference	Explanation
FORM 990, PART I, LINE 6:	THE INSTITUTE DOES NOT FORMALLY TRACK VOLUNTEERS, BUT HAS INCLUDED THE NUMBER OF BOARD MEMBERS THAT ARE UNCOMPENSATED.
FORM 990, PART VI, LINE 2:	PETER AND SUSAN WHITEHEAD (DIRECTORS) HAVE A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP.
FORM 990, PART VI, LINE 11B:	THE PROCESS FOR THE FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE FULL BOARD, INCLUDING THE AUDIT & RISK COMMITTEE RECEIVES A FINAL COPY OF THE FORM 990 BEFORE IT IS FILED.
FORM 990, PART VI, LINE 12C:	PROMPTLY AFTER THE END OF EACH FISCAL YEAR OF THE INSTITUTE (JUNE 30), AND IMMEDIATELY FOLLOWING ELECTION TO THE BOARD, OR AS AN OFFICER, FOR THE FIRST TIME, DIRECTORS AND OFFICERS SHALL SUBMIT TO THE SECRETARY, OR SUCH PERSON AS THE DIRECTOR MAY DESIGNATE, A COMPLETED DISCLOSURE STATEMENT REPORTING INFORMATION SPECIFICALLY REQUESTED IN THE STATEMENT AND ALSO REPORTING ON BEHALF OF THEMSELVES, THEIR FAMILY MEMBERS, AND ORGANIZATIONS WITH WHICH THEY HAVE A BUSINESS RELATIONSHIP, ANY ACTUAL OR PLANNED BUSINESS OR OTHER TRANSACTION OR RELATIONSHIP THAT DIRECTLY OR INDIRECTLY INVOLVES THE INSTITUTE OR THAT FOR SOME OTHER REASON COULD BE CONSTRUED AS A CONFLICT OF INTEREST BECAUSE IT MIGHT AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT WHEN CARRYING OUT THEIR DUTIES FOR THE INSTITUTE. IF A MATTER COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST (EITHER DIRECTLY OR INDIRECTLY), SUCH DIRECTOR SHOULD WITHDRAW FROM DISCUSSION AND VOTING WHEN THE BOARD OR COMMITTEE ACTS ON SUCH MATTER. CONFLICTS OF INTEREST ARE MONITORED BY THE VICE PRESIDENT AND DIRECTOR WHO ADVISE THE CHAIRMAN OF THE BOARD.
FORM 990, PART VI, LINE 15:	A LEADERSHIP ADVISORY COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND RECOMMENDS CHANGES TO THE COMPENSATION FOR THE PRESIDENT, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT BASED UPON PERFORMANCE AND ACHIEVING ANNUAL GOALS. THE PRESIDENT REVIEWS THE SENIOR MANAGEMENT SALARIES AND REPORTS TO THE COMMITTEE. FACULTY SALARIES ARE SET BY MASSACHUSETTS INSTITUTE OF TECHNOLOGY ON AN ANNUAL BASIS. BENCHMARK AND INDUSTRY SURVEYS ARE REVIEWED FOR ALL WHITEHEAD POSITIONS.
FORM 990, PART VI, LINE 19:	THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST ON AN INDIVIDUAL CASE BASIS.
FORM 990, PART XI, LINE 9:	OTHER CHANGES IN NET ASSETS OR FUND BALANCES: POSTRETIREMENT RELATED CHANGES: $513,635 ENDOWMENT CONTRIBUTIONS: $2,700,652 TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES: $3,214,287

Return Reference

Explanation

FORM 990, PART I, LINE 6:

THE INSTITUTE DOES NOT FORMALLY TRACK VOLUNTEERS, BUT HAS INCLUDED THE NUMBER OF BOARD MEMBERS THAT ARE UNCOMPENSATED.

FORM 990, PART VI, LINE 2:

PETER AND SUSAN WHITEHEAD (DIRECTORS) HAVE A FAMILY RELATIONSHIP AND A BUSINESS RELATIONSHIP.

FORM 990, PART VI, LINE 11B:

THE PROCESS FOR THE FORM 990 INCLUDES REVIEW BY SENIOR MANAGEMENT AND THE INDEPENDENT EXTERNAL TAX CONSULTANTS. THE FULL BOARD, INCLUDING THE AUDIT & RISK COMMITTEE RECEIVES A FINAL COPY OF THE FORM 990 BEFORE IT IS FILED.

FORM 990, PART VI, LINE 12C:

PROMPTLY AFTER THE END OF EACH FISCAL YEAR OF THE INSTITUTE (JUNE 30), AND IMMEDIATELY FOLLOWING ELECTION TO THE BOARD, OR AS AN OFFICER, FOR THE FIRST TIME, DIRECTORS AND OFFICERS SHALL SUBMIT TO THE SECRETARY, OR SUCH PERSON AS THE DIRECTOR MAY DESIGNATE, A COMPLETED DISCLOSURE STATEMENT REPORTING INFORMATION SPECIFICALLY REQUESTED IN THE STATEMENT AND ALSO REPORTING ON BEHALF OF THEMSELVES, THEIR FAMILY MEMBERS, AND ORGANIZATIONS WITH WHICH THEY HAVE A BUSINESS RELATIONSHIP, ANY ACTUAL OR PLANNED BUSINESS OR OTHER TRANSACTION OR RELATIONSHIP THAT DIRECTLY OR INDIRECTLY INVOLVES THE INSTITUTE OR THAT FOR SOME OTHER REASON COULD BE CONSTRUED AS A CONFLICT OF INTEREST BECAUSE IT MIGHT AFFECT THEIR INDEPENDENT, UNBIASED JUDGMENT WHEN CARRYING OUT THEIR DUTIES FOR THE INSTITUTE. IF A MATTER COMES BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD IN WHICH A DIRECTOR HAS AN INTEREST (EITHER DIRECTLY OR INDIRECTLY), SUCH DIRECTOR SHOULD WITHDRAW FROM DISCUSSION AND VOTING WHEN THE BOARD OR COMMITTEE ACTS ON SUCH MATTER. CONFLICTS OF INTEREST ARE MONITORED BY THE VICE PRESIDENT AND DIRECTOR WHO ADVISE THE CHAIRMAN OF THE BOARD.

FORM 990, PART VI, LINE 15:

A LEADERSHIP ADVISORY COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND RECOMMENDS CHANGES TO THE COMPENSATION FOR THE PRESIDENT, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT BASED UPON PERFORMANCE AND ACHIEVING ANNUAL GOALS. THE PRESIDENT REVIEWS THE SENIOR MANAGEMENT SALARIES AND REPORTS TO THE COMMITTEE. FACULTY SALARIES ARE SET BY MASSACHUSETTS INSTITUTE OF TECHNOLOGY ON AN ANNUAL BASIS. BENCHMARK AND INDUSTRY SURVEYS ARE REVIEWED FOR ALL WHITEHEAD POSITIONS.

FORM 990, PART VI, LINE 19:

THE INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST ON AN INDIVIDUAL CASE BASIS.

FORM 990, PART XI, LINE 9:

OTHER CHANGES IN NET ASSETS OR FUND BALANCES: POSTRETIREMENT RELATED CHANGES: $513,635 ENDOWMENT CONTRIBUTIONS: $2,700,652 TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES: $3,214,287

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

Cat. No. 51056K

Schedule O (Form 990) 2022

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