Wisconsin Corporation for Biomedical Research

“The organization has a contractual relationship to lease an employee from the medical college of wisconsin. The leased employee is contracted out as the executive director of the organization. This person, waqar malik, is not an officer, director, or key employee of the medical college of wisconsin. Waqar malik's role as contracted executive director accounts for 60% of total hours worked through the medical college of wisconsin. --- waqar malik's compensation as executive director is as follows: $56,098; other compensation: $0”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“Form 990 is reviewed by the executive director and at least 1 board member”

“The board of directors adopted a conflict of interest policy in 2007. Board members and staff with significant decision-making authority are required to certify annually that they are aware of and are in compliance with the federal laws and regulations applicable to federal employees with respect to conflicts of interest.”

“The board of directors sets the executive director's compensation after review of data from guidestar compensation reports for other organizations of similar size in the milwaukee area and compensation of other executive directors of other va nonprofit corporations.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Other fees: bank service charges: program service expense=$0.00; management and general expense=$128.00; fundraising expense=$0.00; total=$128.00. --- 2)-professional fees: program service expense=$1,110.00; management and general expense=$1660.00; fundraising expense=$0.00; total=$1660.00.--- 3)- contract labor: program service expense=$27,361; management and general expense=$74,742; fundraising expense=$0.00; total=$102,103. --- 4)- payroll processing expense: program service expense=$0.00; management and general expense=$2,681; fundraising expense=$0.00; total=$2,681;total other fees on form 990, part ix, line 11g, col a = $107,682”

“Restatement of prior year change in net assets for updated accounting”