Brain Trauma Foundation Inc.

“Jamshid ghajar has a business relationship with kevin coppersmith and alan g. Quasha.”

“The organization outsources its cfo function to kathleen stevens. She manages the day-to-day accounting and finance activities, negotiates and signs contracts, approves payment requests and signs checks. In addition, she oversees the foundation's administrative and it activities. She was paid $140,400 by the foundation in 2013 for her services.”

“Brain trauma foundation inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the executive committee at least 10 business days befor the filing date (usually the extended due date). The committee has 7 business days to respond with any corrections. If no response is received, the form 990 and schedules shall be deemed approved as prepared.”

“The board chair inquires at all quarterly meetings whether any updates are required to the conflict of interest statements. Also, key employees are required to update their conflict of interest statements during their annual review. Conflicts and/or potential conflicts are disclosed, discussed and resolved at board meetings and noted in the minutes. Follow up is conducted at future meetings if deemed necessary. All board members must submit conflict of interest statements each year. The last time this was completed was november 5, 2013. When a conflict or potential conflict arises, it is normally introduced at a board meeting. Between meetings, the "conflicted" person notifies other board members so that the issue can be addressed, and the board secretary may refer the matter to legal counsel. When a conflict is introduced for board discussion, the nature of the conflict is defined, the board determines whether or not it is an acceptable conflict, and an agreement is reached concerning how the conflict should be managed or resolved. Discussion is duly noted in the minutes (including the basis for accepting the conflict); legal opinions are solicited if needed; and the conflict and the handling of the conflict are revisited at year-end.”

“The president has an employment contract providing for a base salary of $350,000. In addition, he receives a discretionary bonus that is determined by the board each year. In addition, in 2013 an independent compensation study was conducted in respect to the president's compensation. The study included comparability data. Each year, the compensation committee of the board votes to extend the contractual base salary and approve the bonus amount(s). The approval is documented in the minutes to the compensation committee meeting.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”

“Consulting: program service expenses 54,378. Management and general expenses 462,394. Fundraising expenses 0. Total expenses 516,772. Contracted services: program service expenses 211,745. Management and general expenses 65,573. Fundraising expenses 0. Total expenses 277,318.”

“Brain trauma foundation, inc. Board assumes responsibility for the oversight of the audit of its financial statements and selection of its independent auditor. The policy for selection and oversight of the independent auditors has not changed since last year.”