Rhode Island Quality Institute

“Mukesh jain, dean of medicine and biological sciences at brown university has a relationship with riqi president & ceo, indra neil sarkar, whom teaches at brown university and reports to him in his teaching capacity. The spouse of indra neil sarkar, president and ceo of riqi, is on mutual federal grants of which riqi and brown university are both named.”

“The process for 990 form approval involves external audit preparation and subsequent review by management. The form 990 is sent to the audit and compliance committee for review and approval. Any changes to the form 990 are made as necessary. The committee recommends the form 990 to the board (they receive a copy prior to the board meeting) for final approval.”

“Each year the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.”

“Annually the board conducts a performance review and evaluation of the chief executive officer. The review also establishes the individual's compensation for the following year. This process involves the evaluation of the individual and a review of compensation of comparable positions obtained from an independent compensation consultant.”

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative office during normal business hours. The organization charges for the copies in accordance with irs regulations.”

“The organization did not chnage either its oversight process or selection process during the tax year.”