The Brookings Institution

“Brookings trustees cheryl cohen effron and ellen futter - business relationship (american museum of natural history). Brookings trustees glenn hutchins and beth mooney - business relationship (at&t board). Brookings trustees helene gayle and david weinberg - business relationship (coca-cola board).”

“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 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, brookings personnel are required to complete a disclosure and acknowledgment form related to the institution's conflict of interest policy. Specifically, all employees and resident affiliates 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 - make certain disclosures about their outside activities and finances to help identify conflicts of interest. Forms are submitted to the office of the general counsel, which reviews them and has discretion to make recommendations or raise concerns with relevant individuals as appropriate. The board of trustees is required to complete an annual questionnaire and conflict of interest affirmation that: - confirms their receipt, understanding, and compliance with the institution's conflict of interest policies that relate to board members as well as other institutional policies; and - discloses relevant information about their family and business relationships, transactions and loans, and other relevant relationships with brookings. Issues involving conflicts of interest are resolved by the general counsel, in consultation with other members of senior management, as appropriate. The general counsel confers with the chair of the audit committee, as appropriate, regarding the institution's conflict of interest policy and other conflict of interest issues. Conflict of interest issues involving trustees may be referred to the audit committee chair, the full audit committee, and/or the board co-chairs, as appropriate.”

“The institution's bylaws provide for a compensation committee consisting of not fewer than five trustees, including the chair (or co-chairs) of the board of trustees and at least three 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 judgment. The compensation committee has the authority to set the salary of the president and such other officers, managers, or employees as the executive committee or audit committee recommends be set by the compensation committee and in accordance with any board-adopted compensation policy. In setting such salaries, the compensation committee asks the vice president, 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 uses an outside consultant to establish salary comparables and to determine the reasonableness of the compensation received by all disqualified personnel.”

“Brookings makes the relevant documents available to the public as follows: - brookings's conflict of interest policy, as well as summaries of other key policies are available on its website; - brookings's audited financial statements are also available on its website; and - brookings's website provides a link to guidestar.org to provide the form 990.”

“The brookings institution (brookings) is a nonprofit public policy organization that conducts in-depth, independent research that leads to new ideas for solving problems facing society at the local, national, and global level. Headquartered in washington, dc, brookings is organized into five research programs that focus on domestic and international economics, foreign policy, sustainable development, governance, and metropolitan policy. Brookings achieves impact by providing policy analysis and recommendations on pressing policy challenges, which are disseminated through reports, books, media appearances, op-eds, blog posts, meetings, events, congressional testimony, and briefings.”

“Contacts/professional services: program service expenses 5,944,499. Management and general expenses 1,775,171. Fundraising expenses 199,705. Total expenses 7,919,375. Qualified subcontacts: program service expenses 1,659,580. Management and general expenses 3,500. Fundraising expenses 0. Total expenses 1,663,080. Temporary help: program service expenses 995,974. Management and general expenses 471,403. Fundraising expenses 63,391. Total expenses 1,530,768.”

“Gain/(loss) on foreign currency exchange -18,413. Effect of adoption provisions sfas no. 158 322,000. Rounding variance -3.”