Institute for Advanced Clinical Trials

“The organization has three classes of members: (1) founding members, consisting of martha brumfield, at founding, represented by critical path insitute, clinical research alliance, llc and robert m. Ward, md; (2) sustaining members, consisting of organizations that provide substantial unrestricted funds as dues to the corporation over an initial membership term of five years; and (3) general members, consisting of those supporting the purpose and activities of the corporation over a one-year term of membership.”

“Founding and sustaining members have the right to vote on board of directors nominees.”

“The form 990 is prepared by an external cpa firm using information provided by the organization. The form is reviewed by the audit and compensation committee and the board of directors prior to being finalized.”

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: (1) whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining, and (2) whether partnerships, joint ventures and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. When conducting the periodic reviews, the organization may, but need not, use outside advisors. If outside advisors are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.”

“The articles of incorporation, conflict of interest policy, and financial statements are available upon request”

“To function as a non-profit educational, scientific and research organization to enable and advance pediatric clinical research prescribed by regulation through (1) developing, advancing, accumulating and maintaining scientific knowledge regarding best practices and strategies for the conduct of pediatric clinical research and treatment of children through the conduct of pediatric clinical research; (2) educating its members and others about the best practices and strategies in pediatric research and aiding them in obtaining high-quality data useful for the advancement of scientific knowledge; (3) disseminating information and scientific research to and facilitating communication among researchers, clinical research sponsors, regulators and other stakeholders regarding best practices and strategies for the conduct of pediatric clinical research; (4) facilitating and conducting pediatric clinical research in accordance with best practices and strategies to further scientific knowledge; (5) assisting governmental agencies and governmental regulatory authorities in connection with meeting or fulfilling their goals and responsibilities related to pediatric research; and (6) engaging in any lawful act or activity for which corporations may be organized under the delaware general corporation law. As amended from time to time.”

“Other professional fees: program service expenses 239,338. Management and general expenses 350,741. Fundraising expenses 10. Total expenses 590,089.”