Laureate Institute for Brain Research Inc

“LAUREATE INSTITUTE FOR BRAIN RESEARCH BOARD MEMBERS AS ACTIVE COMMUNITY MEMBERS HAVE A - Business relationship”

“LIBR HAS THREE MEMBERS.”

“Members appoint directors.”

“Board committees contemporaneously record meeting minutes when possible, but do not always have someone available to do so. Noteworthy issues are reported to the board at subsequent meetings.”

“The form 990 is reviewed by libr's management and is given to each member of the libr board of directors prior to filing. The form 990 is also reviewed by an outside independent accounting firm.”

“On an annual basis, every board member completes and submits a "conflict of interest" form which details all entity and board affiliations. These are reviewed by libr officers and management. In the event of any potential excess benefit conflict of interest situation, the libr board follows procedures requiring disclosure of the conflict of interest by the party with the conflict, recusal from voting by the party with a conflict, review of the matter by independent persons on the libr board or committee who make a decision on the matter based on the best interests of libr after review and consideration of appropriate and relevant data related to the matter, and having such decision by the independent group documented in writing in the minutes of the meeting making such decision, with such minutes being reviewed and approved at the next meeting of such body.”

“Documents subject to public disclosures are made available on an "as requested" basis as required.”

“Because libr staff members are on loan from saint francis health system inc., ein 73-1501972, they conform to the sfhs guidelines which include written policies for whistleblowing and document retention and destruction.”

“Compensation for the president and officers is set through a structured review process. This process includes an evaluation of comparable salaries for comparable positions in similar organizations by an independent external firm. Compensation adjustments are reviewed and approved by the directors. The last compensation review was performed in 2022.”

“Laureate institute for brain research, inc (libr) staff is on loan from other entities. Libr also has personnel service contracts with the university of tulsa board of regents, and kruse peo, inc. Related to the services of these individuals. All remaining staff are on loan from a saint francis health system, inc. Entity, laureate psychiatric clinic and hospital, inc. Under this agreement, loaned staff participate in all benefit plans provided by saint francis health system, inc. And laureate psychiatric clinic and hospital, inc. At 12/31/22 libr had 85 loaned staff members from saint francis health system, four loaned staff members from the university of tulsa, and two staff members from kruse peo.”

“To operate exclusively for the promotion of health as a charitable, scientific, and educational purpose, and for those purposes to primarily engage directly in the continuous active conduct of medical research within the meaning and exemption of section 501(c)(3) of the internal revenue code of 1986, or corresponding section of any future federal tax code.”

“Financial statement adjustment for revenues received in 2022. - -314648;”