Masonic Medical Research Laboratory

“The directors of the institute shall not be less than nine (9) nor more than fifteen (15) in number. They shall be elected at the annual meeting of the grand lodge. Said directors shall constitute the membership of said institute. In the event of a vacancy, the grand master of the grand lodge of new york has the authority to reappoint.”

“The grand master of the grand lodge of free and accepted masons of new york provides oversight to the institute's governance.”

“Form 990 is prepared by the institute's independent accountants. The 990 is first reviewed by the institute's accounting staff. It is then presented to the board of directors for review, and when approved it is signed by the executive director. The form 990 is then filed with the proper irs office.”

“New board members are required to sign a conflict of interest statement when they begin their term as a director at masonic medical research institute. If a conflict exists, the compliance officer works with all board members to ensure proper resolution.”

“The board of directors approves the executive director's contract which includes salary commensurate with market values. Salaries of key personnel are determined by market surveys performed before hiring and then via budget approval in future years.”

“Individuals may request governing documents and conflict of interest statements, as well as financial statements. Various documents are also made available to the public through the research institute's website (www.mmri.edu).”

“Masonic medical research laboratory, doing business as masonic medical research institute, is a not-for-profit institute dedicated to improving the health and quality of life for all. The institute's primary mission is to conduct high quality basic and clinical research aimed at generating knowledge and information necessary for development of the medical cures and treatments of tomorrow. The institute is also committed to providing education and training to basic scientists, clinical researchers and students who will perpetuate and extend the fight against disease.”

“Change in value of split-interest agreements 364,981.”

“No changes from prior year.”