Brain Trauma Foundation Inc.

“Jamshid ghajar has a business relationship with kathleen stevens and alan g. Quasha.”

“The organizations governing body did not conduct a review of the form 990 prior to filing.”

“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 12, 2014. 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 presidents compensation is reviewed and approved annually by the board of directors compensation committee. His compensation package includes salary, standard company-paid benefits, and a fee paid to his pc (new york neuroscience associate) for program related services, all of which are subject to review and approval. The compensation committee reviews the compensation package and makes a reommendation for approval of the board. The executive board then votes, and approval is documented in the minutes to the compensation committee meeting. In addition, a formal independent 3rd party compensation study was conducted in 2014, and was presented by the compensation committee to the executive board. The board approved the president's compensation for 2014 and 2015.”

“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 2,829. Management and general expenses 514,386. Fundraising expenses 0. Total expenses 517,215. Contracted services: program service expenses 152,725. Management and general expenses 107,469. Fundraising expenses 0. Total expenses 260,194.”