Southern Research Institute

“The directors shall be appointed by the president of the university of alabama at birmingham, a related governmental entity, provided such appointment is approved by the board of trustees of the university of alabama.”

“The governing documents state that the organization may not adopt a plan of merger, consolidation or dissolultion and cannot sell, lease, exchange, mortgage, pledge or otherwise dispose of all or substantially all of the organization's assets without approval from the board of trustees of the university of alabama. Furthermore, the governing documents may not be amended without prior consent from the board of trustees of the university of alabama.”

“The board of directors has adopted the policy that the finance committee would review and approve the form 990 prior to filing.”

“Officers, directors, and key/highly compensated employees are required to disclose annually any potential conflicts of interest or certify that no such conflicts exist. The organization investigates disclosures of any potential conflicts and takes steps to mitigate the occurrence of actual conflicts of interest. Should a conflict of interest occur, the officer, director, and key/highly compensated employee will be excused from voting on matters associated with the entity that the conflict of interest arose with.”

“In early 2025, the wilson group was engaged to conduct a competitive assessment of the total cash compensation for the executive leadership team (elt) of southern research (sr). Of note, the wilson group has conducted similar studies in 2018, 2021, and 2023. The methodology used in this analysis is like previous compensation studies conducted by this team. This updated analysis has been facilitated by an external hr consultant, alesia jones, under the direction of the sr's board's finance committee.”

“As a general rule, the organization does not make its governing documents, conflict of interest policy, or financial statements available to the public. Any written request by the public would be reviewed and acted upon by the board.”

“Outside services: program service expenses 2,356,222. Management and general expenses 1,009,809. Fundraising expenses 0. Total expenses 3,366,031. Consultants: program service expenses 1,377,510. Management and general expenses 590,361. Fundraising expenses 0. Total expenses 1,967,871. Other professional services: program service expenses 21. Management and general expenses 9. Fundraising expenses 0. Total expenses 30.”

“The finance committee of the organization assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”