Unknown Organization

“In october 2012, the bbri board of trustees appointed a 5-person special transition committee from among its members and hired jean moses of synergy partners to chair the committee and to oversee the orderly wind down and dissolution of the institute, including the sale of bbri's research facitlity. The trustees reserved authority for final approval of the dissolution plan and terms of sale of the building, but delegated responsibility for day-to-day activities. The trustees hired synergy partners, primarily through its contractor, jean moses, to fulfill the role of chief transition officer. Synergy partners and jean moses was paid $372,146.29 for the calendar year ending december 31, 2013, for managing the wind down and dissolution.”

“The organization's members elect those trustees who will sit on the governing board with voting power and also elect the corporation's officers.”

“The form 990 is reviewed by the jean moses, chief transition officer and john layton, board president. The form 990 is then reviewed and approved by the board of trustees.”

“Annually a conflict of interest form/disclosure statement is sent to each trustee for his/her completion. It is signed by the trustees, returned to institutional advancement and reviewed by the board president. Principal investigators are also required to complete a written conflict of interest and committment disclosure statement annually which is then returned to human resources.”

“Ceo/director and cfo compensation is reviewed and approved annually by the compensation committee of the board of trustees. Retention of the chief transition officer was approved by the board of trustees.”

“The governing documents, conflicts of interest policy, financial statements, and the form 990 are available upon request. The form 990 is also available on www.guidestar.org.”

“Bbri is in the process of dissolving and is expected to file dissolution documents with the massachusetts attorney general and then the supreme judicial court in october 2014.”

“Transfer of equipment = -$285383”

“As a result of its decision to cease operations and liquidate, BBRI split its endowment into 2 sections: funds to be used to wind down the organization, and funds to be transferred to other similar 501(c)(3) organizations.”