Research Foundation for Mental Hygiene Inc.

“The foundation has approximately 800 members who are classified as follows: a. Active members, b. Contributing or supporting members, c. Honorary members. Qualifications of members: a. Active members are new york state or foundation employees at research institutes of the department of mental hygiene, working at least half-time in state grades 22 or higher, or the foundation equivalent, who are actively engaged in conducting directly or administering mental hygiene research projects or programs. B. Contributing or supporting members include persons who by contribution, bequest, gift, or other assistance have significantly contributed to the purposes of the foundation. C. Honorary members may include former members of either of the preceding classes, or additional persons whom the foundation may wish to recognize or honor because of personal achievement or professional distinction.”

“The active members elect contributing or supporting members, honorary members and certain members of the board of directors. Members of the foundation are responsible for election of 14 of the 23 members of the board of directors who serve four-year terms.”

“The only decision that is subject to the approval of the members is the dissolution of the foundation.”

“The form 990 is prepared by the management of the foundation and reviewed by the independent auditors. The form is also presented to the audit committee, the finance committee, and the board for their review and member certification.”

“The foundation has a conflict of interest policy whereby officers, directors and all employees are required to disclose conflicts of interest. The organization consistently monitors the policy, provides reminders of its existence and the obligation of those with a perceived or actual conflict to present it to the proper reporting authority, as provided for in the policy.”

“The finance committee annually reviews the compensation of officers, directors and all employees. The committee uses comparable salary data from affiliated new york state agenices, the research industry and other non-profits.”

“The foundation files annual reports with the charities bureau of the new york state attorney general's office, accompanied by audited financial statements which are accessible by the public at the bureau's website. Governing documents and conflict of interest policy are available for inspection on request.”

“None of the members of the board of directors is compensated for serving on the board.”

“Post retirement health care benefits note from financial statements: the foundation provides postretirement health insurance benefits for eligible employees who meet age and length of service requirements. Effective october 1, 2015 the foundation terminated its defined benefit obligation replacing it with a defined contribution structure. The foundation established the research foundation for mental hygiene, inc. Veba trust (the trust) to provide reimbursements for health insurance premiums and qualifying medical expenses not covered by health insurance. Employees are eligible to participate, as defined by the plan document. Board designated investments, previously held for postretirement health care benefits, of approximately $40,100,000 were transferred to the trust during the year ended march 31, 2016. The curtailment of the defined benefit obligation resulted in a one-time gain of approximately $2,500,000, which was recognized in the statement of activities and changes in net assets for the year ended march 31, 2016. The foundation contributes annually to the trust in accordance with the contribution schedule included in the plan document. Employer contributions began january 1, 2016. The foundation's contribution to the plan was $721,653 for the year ended march 31, 2017 and $125,000 for the period ended march 31, 2016 and is included in administration and support in the statements of activities and changes in net assets.”