The Mind Research Network

“The Form 990 is presented in draft form to the audit and compensation committee and to the full board for review prior to submission.”

“The conflict of interest policy covers any trustee, officer or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. The organization conducts periodic reviews to determine (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 organization'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 an excess benefit transaction. Outside experts and advisors may be used if deemed necessary. The governing board or committee determines if a conflict of interest exists after disclosure of the financial interest and all material facts. Actual conflicts are reviewed by the governing board or committee with governing board delegated powers. If a person is determined to have a conflict of interest, that person may make a presentation at the governing board or committee meeting but is prohibited from participating in the governing body's deliberations and decision in the transactions. If a conflict of interest still exists, the board or independent member of the board will investigate and report on solutions that would not give rise to a conflict of interest.”

“The organization's audit and compensation committees receive compensatory recommendations from Human Resources and from management as to: 1. Percent base salary increase for the organization as a whole with targets and dollar amount of impact are presented to and approved by the audit and compensation committees. 2. Target amount of bonus compensation for the entire organization and dollar impact are presented and approved by the audit and compensation committees. 3. CEO compensation (base, bonus, and deferred compensation) is reviewed to market value for similar positions in the industry and approved by the audit and compensation committees. This process is documented and was last completed in 2016.”

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

“Research consultants: Program service expenses 483,363. Management and general expenses 0. Fundraising expenses 0. Total expenses 483,363. OTHER PROFESSIONAL SERvices: Program service expenses 196,831. Management and general expenses 225,495. Fundraising expenses 0. Total expenses 422,326. subcontractors: Program service expenses 2,740,002. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,740,002.”