The Brookings Institution

“John thornton and brian greenspun - business relationship”

“The executive committee of the board of trustees has appointed the audit committee of the board as the responsible board party for reviewing the form 990 and 990t each year starting with the fiscal year ended june 30, 2009. Once the form has been completed it is reviewed internally by the president, the chief financial officer, the controller, the general counsel, and other members of the senior staff, along with the audit committee. Once those reviews are completed and the document has been approved, it is sent to all voting members of the board of trustees before it is filed with the internal revenue service.”

“Each year, all brookings personnel and certain affiliates are required to complete a disclosure and acknowledgment form related to the institution's conflict of interest policy. Specifically, all employees are required to acknowledge that they have read, understood, and are committed to abiding by the institution's conflict of interest policy as well as certain other institutional policies and are additionally asked to make certain disclosures about their activities outside of work and finances to help identify possible conflicts of interest. All forms are submitted to the office of the general counsel, which reviews them and has discretion to make recommendations or raise concerns with affected individuals as appropriate. Minor issues involving potential or apparent conflicts of interest and questions about the same are resolved by the general counsel in consultation with other members of senior management as appropriate. Major conflict of interest issues and conflict of interest issues involving trustees are referred to the audit committee. The general counsel regularly confers with the chair of the audit committee regarding the institution's conflict of interest policy and any conflict of interest issues.”

“The institution's bylaws provide for a compensation committee consisting not fewer than five (5) trustees, including the chair (or co-chairs) of the board, the vice chair(s) and at least three (3) other trustees who shall be nominated by the chair (or co-chairs) of the board and determined by the board to be free of any contractual or other relationships that would put into question the exercise of his or her independent judgement. The compensation committee has the authority to set the salary of the president and such other officers, directors, managers, or employees as the executive committee or audit committee recommends be set by the compensation committee. In setting such salaries, the compensation committee asks the vice president and chief human resources officer to gather relevant salary comparability data and record committee minutes which clearly document the committee's decisions and the rationale underlying such decisions. The committee tends to use an outside consultant to establish salary comparables and to determine the reasonableness of the compensation received by all disqualified personnel.”

“Brookings' conflict of interest policy and other key policies are available on our website, brookings.edu. Brookings links to guidestar.org from its website to provide the form 990.”

“There were sixty-one board members who served at any time during the fiscal year. All board members who served during the fiscal year are shown in part vii, column a. At june 30, 2018, there were only fifty-six voting board members.”

“The brookings institution (brookings) is a nonprofit public policy organization that conducts in-depth, independent research with the goal of improving governance and solving problems facing society at the local, national and global level. Brookings achieves impact by providing policy analysis and recommendations on pressing policy challenges, which are disseminated which are disseminated through reports, books, media appearances, op-eds, blog posts, congressional testimony, public and private events, and opinion pieces posted on brookings's website, as well as briefings for policymakers and their staffs. Headquartered in washington, dc, brookings is organized into five research programs that focus on domestic and international economics, foreign policy, international development, governance, and metropolitan policy. Brookings has overseas centers in qatar, china and india.”

“The brookings institution is awaiting additional information in order to timely file a complete and accurate form 990-t by the extended deadline of may 15, 2019. The amount shown as net unrelated business taxable income on line 7b of page 1 of the form 990 is an estimate based on available information.”

“Contacts/professional services: program service expenses 8,592,383. Management and general expenses 1,611,411. Fundraising expenses 76,078. Total expenses 10,279,872. Qualified subcontacts: program service expenses 296,469. Management and general expenses 0. Fundraising expenses 0. Total expenses 296,469. Temporary help: program service expenses 829,607. Management and general expenses 57,795. Fundraising expenses 31,107. Total expenses 918,509.”

“Gain/(loss) on foreign currency exchange -287,045. Effect of adoption provisions sfas no. 158 112,000. India private expenses not included in form 990 -4,023.”