Sepulveda Research Corporation

“A copy of the form 990 tax return is presented to the board members before it is filed. The executive director and the board approves the tax return before it is filed.”

“Upon hire, employees are presented the conflict of interest policy as well as periodically during the year and each year thereafter.”

“The board approves the salary of the executive director annually. Comparatives from similar organizations are used to determine whether compensation is reasonable. For other key employees and officers, the principal investigator requests new hire rates. If the rate is within salary scales, the executive director will approve. Raises are based upon merit.”

“The tax return and audited financial statements are available to the public upon request. The tax return is also available on guidestar's website.”

“Lab testing services: program service expenses 7,122. Management and general expenses 5,036. Fundraising expenses 0. Total expenses 12,158. Research-prof survey services: program service expenses 49,827. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,827. Other costs: program service expenses 44,767. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,767. Professional/consulting svcs: program service expenses 4,000. Management and general expenses 18,575. Fundraising expenses 0. Total expenses 22,575. Nih tissue harvesting: program service expenses 112,991. Management and general expenses 89. Fundraising expenses 0. Total expenses 113,080. Specimen processing: program service expenses 40,999. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,999.”

“The organization has not changed its process for audit oversight or auditor selection during the tax year.”

“In september 2019, the organization transferred $150,000 of cash to the greater los angeles veterans research and education foundation (glavref, a california non-profit benefit corporation) to help fund the glavref's initial operation costs. Glavref was formed to combine the operations of the organization and brentwood biomedical research institute (bbri, a california non-profit benefit corporation), a similar organization with the same research mission and common board members. The combined operations at glavref are designed to synergize resources and reduce operational redundancies.”