Institute for Protein Innovation Inc

“Timothy springer and amir nashat have a business relationship as defined by the irs. Amir nashat and jeffrey flier also have a business relationship as defined by the irs.”

“The form 990 is prepared by the institute's independent external audit firm based on information provided by management. The finance director, ceo, and controller review the draft form 990 for accuracy. Once any corrections and revisions are made, the form is then provided to the institute's legal counsel and audit and finance committee of the board of directors. The audit and finance committee meets with the external audit firm to review the draft. After approval by the audit and finance committee, the form 990 is submitted to each member of the board of directors for review and approval prior to filing with the irs.”

“The institute has a conflict of interest policy that applies to all officers, directors and key employees. The policy is monitored by the institute's conflict of interest committee and legal counsel. The policy requires each director to submit, on an annual basis, a coi disclosure of any situations that could give rise to the appearance of a conflict of interest for review by legal counsel and the coi committee. Each director has a continuing obligation, under the policy, to disclose any potential conflicts of interest at the time they arise during the course of the year to the coi committee. All submissions are reviewed by legal counsel and the coi committee for a determination and appropriate action.”

“Compensation of executive officer(s) and key employees is reviewed and approved by the board of directors. The board of directors are independent of employment of the institute and are guided by the compensation committee of the board of directors. The compensation committee, as described in the committee's charter, is comprised of two or more directors as prescribed by the bylaws, each of whom is independent and free from any relationship that would interfere in their responsibilities as a member of the compensation committee. The committee reviews, on an annual basis, the corporate goals and objectives relevant to the compensation of the ceo and evaluates the ceo's performance considering the goals and objectives. Based on this review and evaluation, the committee then recommends the ceo's compensation to the board for approval. The ceo makes recommendations for key employee compensation for employees in a direct reporting relationship to the ceo with respect to: (a) salary; (b) bonus or other incentive awards; (c) supplemental benefits, including retirement benefits and deferred compensation; (d) employment agreements and severance arrangements; and (e ) prerequisites. The committee reviews and approves the ceo's recommendation as well as provides oversight for the process. As part of the annual budget process, the compensation committee in conjunction with the audit and finance committee reviews and approves annual proposed compensation plans for the coming fiscal year for salary increases and employee benefit plan terms. The board utilizes the radford compensation survey data to determine the appropriate compensation range for positions and engages a compensation consultant with specialized nonprofit practice expertise to assist the committee in reviewing executive officer and key employee compensation, including analysis of comparability data for the board's review.”

“The institute's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The institute does not formally track volunteers but has included the number of board of directors and scientific advisory board members that are uncompensated.”

“The board of directors is responsible for oversight of the audit process and review of the financial statements.”