2021-04-28T09:10:41-05:00 2020-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2019-07-01 362477928 BRAIN RESEARCH FOUNDATION BRAI 3127595150 111 W WASHINGTON ST NO 1460 CHICAGO IL 60602 TERRE A CONSTANTINE EXECUTIVE DIRECTOR/CEO 3127595150 2021-04-26 1 DAVID LOWENTHAL P00378651 3122071040 2021-04-26 2019 2022-09-23 18:48:47Z TERRE A CONSTANTINE 111 W WASHINGTON ST NO 1460 CHICAGO IL 60602 12460383 0 X WWW.THEBRF.ORG X 1953 IL SUPPORT OF NEUROSCIENCE RESEARCH TO ADVANCE THE UNDERSTANDING OF BRAIN FUNCTION AND TREATMENT. 18 18 3 33 0 0 1685457 1455566 0 0 214433 569327 -100933 -124341 1798957 1900552 1022779 1019630 0 0 459097 477378 0 0 149734 292637 586226 1774513 2083234 24444 -182682 17872481 19333418 525477 585280 17347004 18748138 THE FOUNDATION IS COMMITTED TO SUPPORTING NEUROSCIENCE RESEARCH THAT LEADS TO ADVANCES IN UNDERSTANDING OF BRAIN FUNCTION AND TREATMENT OF BRAIN-RELATED DISORDERS. 0 0 1171903 1019630 THE BRAIN RESEARCH FOUNDATION SUPPORTS PROFESSIONAL TRAINING, EDUCATION, AND RESEARCH BY PROVIDING START-UP MONEY FOR INNOVATIVE NEUROSCIENCE RESEARCH PROJECTS ACROSS THE BROAD SPECTRUM OF THESE ILLNESSES, INCLUDING BUT NOT LIMITED TO: ALS (LOU GEHRIG'S DISEASE), ALZHEIMER'S DISEASE, ATTENTION DEFICIT DISORDER, AUTISM, BIPOLAR DISORDER, DEPRESSION AND ANXIETY, EPILEPSY, HEAD INJURIES, PARKINSON'S DISEASE, SCHIZOPHRENIA, AND STROKE. ADVANCING SCIENCE IN THESE AREAS WILL HELP ALL HUMANS AFFLICTED WITH NEUROLOGICAL DISORDERS. 190070 THE BRAIN RESEARCH FOUNDATION USES PROMOTIONS, MARKETING, AND PRINTED MATERIALS TO RAISE FUNDS FOR RESEARCH ON BRAIN-RELATED ILLNESSES AND TO EDUCATE THE PUBLIC ABOUT NEUROLOGICAL DISORDERS AND THE FOUNDATION ITSELF. OUR FUNDRAISING EFFORTS ARE TO HELP THE OVER 50 MILLION AMERICANS AFFLICTED WITH NEUROLOGICAL DISORDERS. 64703 THE BRAIN RESEARCH FOUNDATION SUPPORTS EDUCATIONAL PROGRAMS FOR RESEARCHERS AND THE GENERAL PUBLIC THROUGH OUR WEBSITE, PRINTED MATERIALS AND SEMINARS. BRF SPONSORS AN ANNUAL NEUROSCIENCE DAY, WHICH EDUCATES RESEARCHERS WORKING ON THE BRAIN AND NERVOUS SYSTEM. THE FOUNDATION EDUCATES THE PUBLIC ON SUCH TOPICS AS AUTISM, STROKE AND SPORTS-RELATED BRAIN INJURIES. 1426676 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X JANIE JENKINS 3127595150 111 W WASHINGTON ST SUITE 1460 CHICAGO IL 606022858 TERRE CONSTANTINE EXECUTIVE DIRECTOR/CEO 40.00 0.00 X 222127 0 64112 SANDRA JAGGI DIRECTOR OF PHILANTHROPY 40.00 0.00 X 105011 0 24705 PETER B POND CHAIRMAN 0.50 0.00 X X 0 0 0 NORMAN R BOBINS VICE CHAIRMAN 0.50 0.00 X X 0 0 0 DAVID D OLSON SECRETARY 0.50 0.00 X X 0 0 0 DAVID H FISHBURN TREASURER 0.50 0.00 X X 0 0 0 C BRANT AHRENS TRUSTEE - THRU 11/2019 0.30 0.00 X 0 0 0 RICHARD A CHAIFETZ TRUSTEE 0.30 0.00 X 0 0 0 GAIL M ELDEN TRUSTEE 0.30 0.00 X 0 0 0 MARSHALL B FRONT TRUSTEE 0.30 0.00 X 0 0 0 WILBUR H GANTZ TRUSTEE 0.30 0.00 X 0 0 0 NATHAN HANSEN TRUSTEE 0.30 0.00 X 0 0 0 DIANE B JASTROMB TRUSTEE 0.30 0.00 X 0 0 0 RICHARD M KOHN TRUSTEE 0.30 0.00 X 0 0 0 BENNET L LEVENTHAL MD TRUSTEE 0.30 0.00 X 0 0 0 ROBERT C MALENKA MD PHD TRUSTEE 0.30 0.00 X 0 0 0 DAVID P PURCELL TRUSTEE 0.30 0.00 X 0 0 0 THOMAS A REYNOLDS III TRUSTEE 0.30 0.00 X 0 0 0 SCOTT P SEROTA TRUSTEE 0.30 0.00 X 0 0 0 DANIEL P SHAPIRO TRUSTEE 0.30 0.00 X 0 0 0 DOUGLAS H WALTER TRUSTEE 0.30 0.00 X 0 0 0 327138 0 88817 2 0 1 0 0 943301 512265 77819 1455566 404805 404805 10564247 10399725 164522 164522 164522 35765 943301 160106 -124341 -124341 1900552 0 0 444986 1019630 1019630 286239 286239 149729 80689 25394 43646 883 476 150 257 20474 11033 3473 5968 20053 10807 3401 5845 31752 31752 100311 100311 24000 24000 184651 99508 31317 53826 20444 11018 3468 5958 11132 5999 1888 3245 49197 26512 8344 14341 673 673 4079 4079 2853 1538 483 832 7335 3952 1244 2139 EDUCATIONAL PROJECT 116871 116871 MISCELLANEOUS 20159 7761 2443 9955 PUBLICATIONS 11935 6432 2024 3479 REPAIRS & MAINTENANCE 834 450 141 243 2083234 1426676 506824 149734 54682 177668 214946 156137 132000 0 15800 15000 132241 131062 4032 1179 17445821 18978234 5200 5200 17872481 19333418 33771 60236 470000 510000 21706 15044 525477 585280 X 15380680 16610676 1966324 2137462 17347004 18748138 17872481 19333418 -182682 1583816 0 X 0 1 X 1 0 X 1320966 1360751 1168623 1685457 1455566 6991363 1320966 1360751 1168623 1685457 1455566 6991363 196513 6794850 540688 486127 364640 391096 404805 2187356 59910 26500 164566 41710 35765 328451 9507170 0.71470 0.68920 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENT REVENUE - 2015 AMOUNT: $ 59,910. 2016 AMOUNT: $ 26,500. 2017 AMOUNT: $ 164,566. 2018 AMOUNT: $ 41,710. 2019 AMOUNT: $ 35,765. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1738096 248459 111288 1875267 1717404 130313 109621 1738096 1591174 238683 112453 1717404 1511053 188144 108023 1591174 1802648 -73591 218004 1511053 0.00000 0.80000 0.20000 0 0 6400 6343 57 72707 72059 648 53134 52660 474 1179 DEFERRED RENT EXPENSE 15044 15044 3378300 1583816 -5757 1578059 1800241 100311 100311 1900552 1977166 0 1977166 100311 5757 106068 2083234 PART V, LINE 4: ENDOWMENT FUNDS MAINTAINED TO PROVIDE A PERMANENT SOURCE OF INCOME, WITH THE STIPULATION THAT PRINCIPAL MUST BE INVESTED AND KEPT INTACT IN PERPETUITY, WHILE ONLY THE INCOME GENERATED CAN BE USED BY THE ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST REVENUE -5,757. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES NETTED AGAINST REVENUE 5,757. ANNUAL BENEFIT 900854 873104 27750 58272 15000 72261 YOUNG LEADERSHIP EVENT 78212 70197 8015 13186 1387 979066 943301 35765 71458 15000 73648 160106 -124341 1 BRAIN RESEARCH GRANTS 11 1019630 PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO REPORT BACK TO THE FOUNDATION WITH A SUMMARY OF RESEARCH PROGRESS AND A FINANCIAL REPORT DETAILING EXPENDITURES. THERE ARE SPECIFIC FUNDING POLICIES AND RESEARCH PROTOCOL INVOLVED. BY SIGNING THE INITIAL APPLICATION AT THE BEGINNING OF THE GRANT PROCESS, THE CHOSEN RECIPIENTS ARE ACKNOWLEDGING THESE STIPULATIONS. X 1 1 X X X 0 0 0 0 0 0 0 1 0 TERRE CONSTANTINE EXECUTIVE DIRECTOR/CEO 217127 0 5000 0 0 0 38575 0 25537 0 286239 0 0 0 PART I, LINE 1A PROVIDES SOCIAL CLUB DUES TO THE UNIVERSITY CLUB OF CHICAGO FOR THE EXECUTIVE DIRECTOR OF BRAIN RESEARCH FOUNDATION. THE MEMBERSHIP IS USED PRIMARILY FOR BUSINESS PURPOSES AND IS REIMBURSED TO THE ORGANIZATION IF NOT USED FOR BUSINESS PURPOSES. PART I, LINE 7 ALL BRF EMPLOYEES HAVE AN ANNUAL EVALUATION AND ARE ELIGIBLE FOR A PERFORMANCE BONUS BASED ON MEETING GOALS AND EXPECTATIONS. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES AND VOTES ON THE DISCRETIONARY BONUS. X 4 77819 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER NORM BOBINS AND C. BRANT AHRENS BOTH WORK FOR THE SAME NON-RELATED COMPANY AND SHARE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST TO THE BOARD OF TRUSTEES, ACCORDING TO THE BY-LAWS OF THE ORGANIZATION, WHICH ALSO ALLOW FOR THE REMOVAL OF AN OFFICER IF IT IS IN THE BEST INTEREST OF THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES AND VOTES ON COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL OTHER EMPLOYEES OF THE BRAIN RESEARCH FOUNDATION. A SPECIAL MEETING OF THE EXECUTIVE COMMITTEE WAS HELD TO REVIEW COMPENSATION DATA PROVIDED BY THE "CHARITY NAVIGATOR - 2017 METRO MARKET STUDY: CHICAGO AND "2019-2020 NONPROFIT CEO COMPENSATION STUDY FROM EXCELLENCE IN GIVING." FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.