Allen Institute

“- jo lynn allen has business relationships with nathaniel brown, susan coliton, stephen hall, and allen israel. - nathaniel brown has business relationships with jo lynn allen and susan coliton. - susan coliton has business relationships with jo lynn allen, nathaniel brown and allen israel. - stephen hall has a business relationship with jo lynn allen. - allen israel has business relationships with jo lynn allen and susan coliton.”

“The chief operating officer and the general counsel perform a thorough review before filing, and the board members are given copies before filing.”

“The persons covered under the allen institute for brain science conflict of interest policy are the institute's board of directors, principal officers, and key employees. The allen institute places upon all persons covered under the policy, a duty to disclose any actual or possible conflicts of interest to the board of directors. Furthermore, covered persons annually affirm that they have read and agree to comply with the policy. After disclosure of an actual or possible conflict, persons with a conflict shall be excused from the meeting during the discussion of, and the vote on, the transaction involving the possible conflict. The remaining disinterested directors will determine whether a conflict of interest exists. If a conflict is found, the board chairperson, if appropriate, will appoint a disinterested person to investigate alternatives to the transaction that would not give rise to a conflict of interest. If any alternative transactions are not reasonable, the board shall determine by a majority vote of the disinterested directors whether the conflicted transaction is fair, reasonable, and in the best interest of the institute.”

“The compensation committee makes a recommendation to the board of directors regarding the compensation of the chief executive officer (ceo) using a similar criteria as outlined below. There was separate benchmarking of ceo compensation in both 2011 and 2012 to ensure market consistency. The compensation committee of the board of directors reviews external compensation material, recommended salary adjustments for officers and key employees and budgets for salary adjustments. The committee considers other like positions in the pacific northwest for market comparisons.”

“The institute makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Outside services : program service expenses 3,379,911. Management and general expenses 489,769. Fundraising expenses 0. Total expenses 3,869,680. Honorarium & speakers expenses : program service expenses 327,975. Management and general expenses 47,525. Fundraising expenses 0. Total expenses 375,500. Subcontract expense : program service expenses 116,876. Management and general expenses 16,936. Fundraising expenses 0. Total expenses 133,812. Temporary services : program service expenses 450,519. Management and general expenses 65,283. Fundraising expenses 0. Total expenses 515,802.”

“This process has not changed from the prior year.”