American Brain Foundation

“The executive committee shall include the chair, vice-chair, secretary, treasurer, and no more than three other members of the board as appointed by the chair. The chair of the board shall be the chair of the executive committee. Meetings may be conducted by group meetings, conference call, or other electronic means of communication. Between meetings of the board, the board's power is delegated to the executive committee. The executive committee shall report its activity to the board.”

“This form 990 was presented to the finance/audit committee by the cfo and the executive director. The finance/audit committee reviewed the form 990 and identified and agreed upon changes to be made. In line with minnesota law, the final form 990 is presented to and approved by the board of directors. The form 990 is filed subsequent to this process.”

“The foundation's conflict of interest policy covers individuals serving as an officer, director, committee member, or positions of official responsibility or leadership. All covered are required to complete a relationship disclosure statement annually, or as changed in personal circumstances occur. The statements are reviewed and actions determined according to the foundation's hierarchy based on position or by the executive committee if a resolution cannot be made. Potential conflicts are handled on an individual basis. Actions taken depend on the severity of the conflict which include no action required, on-going monitoring with appropriate disclosure or withdrawal from the conflicting relationship. Conflict of interest proceeding are documented in meeting minutes or as appropriate”

“The american brain foundation leases all employees from the american academy of neurology (aan) through a contractual arrangement. This arrangement included, as of 2024, the foundation executive director being leased through aan. The abf's board of directors is responsible for hiring and setting the compensation for the executive director. The board employs procedures (use of independent consultant, compensation survey, and no involvement of any persons with conflict of interest) and last set compensation amounts in 2024.”

“The foundation makes the most recent three years audited financial statements and irs form 990 available to the public on its website. The foundation does not make its other governing documents (e.g. Articles of incorporation) nor its conflict of interest policy available to the public.”

“Other fees: program service expenses 185,338. Management and general expenses 67,212. Fundraising expenses 233,031. Total expenses 485,581.”