2015-08-13T14:46:27-05:00 2014-12-31 MKR ACCOUNTING 6927 Saroni Drive Oakland CA 94611 990 2014-01-01 943473864 SENS Research Foundation Inc SENS 6509386100 110 Pioneer Way No J Mountain View CA 94041 Michael Kope President/CEO 6509386100 2015-08-13 1 P01023106 5103380692 X 2014 2016-02-25 16:41:14Z Michael Kope 110 Pioneer Way No J Mountain View CA 94041 1829946 0 X WWW.SENS.ORG X 2009 CA Develop, promote and ensure widespread access to rejuvenation biotechnologies. 7 6 25 0 0 0 1631037 1650337 170658 175201 7822 5600 -2320 -1192 1807197 1829946 1726926 1546621 0 0 1640073 1839006 0 0 120841 1182401 1679554 4549400 5065181 -2742203 -3235235 9560546 6175964 227963 169002 9332583 6006962 X SENS Research Foundation works to research, develop and promote comprehensive regenerative medicine solutions for the diseases and disabilities of aging. The research is governed by a strategic agenda to demonstrate the feasibility of rejuvenation biotechnologies, as a natural extension of regenerative medicine as applied to aging, and therefore drive broader involvement. 0 0 1155330 Intramural Research - The intramural research program is carried out in the Organization's Mountain View facility by employees of the Organization. The program is comprised of three (3) separate lines of research: Cancer, Mitochondrial mutations, and Lysosomal storage. The Lysosomal storage line of research was turned into an extramural project in 2014. The Cancer line of research has made significant research associations with other researchers in the field and is working towards publication. The Mitochondrial mutations line of research has completed proof of concept and is moving ahead with their work. 1704071 1445034 Extramural Research - the extramural research program funds some of the most prestigious institutions around the world. Many of our extramural projects this year attained extensions to their original grants due to progress in their research. A couple programs completed their studies and have been discontinued. Funding for this program continues to be prioritized for projects that meet our company mission and are currently being unaddressed in our intramural research program. 236754 85587 Academic Initiative - As part of its mission, the Organization is committed to educating students and the public about rejuvenation biotechnologies. The Organization's student program, SRF Education Academic Initiative, is committed to educations students and the public. SRF Education operates a summer internship program that places students at the SRF Research Center and outside institutions; in 2014, the program added an additional 3 institutions to the internship program. The program continues to grow in size and outreach capacities. 451411 174009 Educational Conferences - In addition to participation in a variety of scientific and public engagements, the Organization organizes its own conferences and events. These include the now-annual Rejuvenation Biotechnology conference in the Bay area of California, as well as a variety of roundtable symposiums. This outreach is intended to inform both the scientific community and the general public about damage repair strategies for improving healthcare. 520220 16000 Other prgorams - The Organization conduct other programs related to the mission of the organziation 971631 16000 174009 4067786 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 25 1 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X The Organization 6509386100 110 Pioneer Way J Mountain View CA 94041 Barbara Logan Chairperson 1.00 X X 0 0 0 Kevin Perrott Treasurer 1.00 X 0 0 0 Bill Liao Secretary 1.00 X X 0 0 0 Kevin Dewalt Director 1.00 X X 0 0 0 James O'Neill Director 1.00 X 0 0 0 Jonathan Cain Director 1.00 X 0 0 0 Michael Kope President/CEO 50.00 X X 200850 0 0 Aubrey de Grey Chief Science Officer 50.00 X 49440 0 0 250290 0 0 1 0 1 0 Hyatt Regency Santa Clara P O Box 848150 Dallas TX 75284 Conference venue 351452 Kaiser Permanente 3100 Thornton Ave Burbank CA 91504 Health Insurance 153003 2 1650337 1650337 Conference registratio 611600 91526 91526 Conference sponsorship 611600 83675 83675 175201 5600 5600 Publication Revenue 900099 693 693 Loss on disposal of as 900099 -1885 -1885 -1192 1829946 174009 0 5600 1206359 1206359 53000 53000 287262 287262 250290 84821 112785 52684 1294307 1024752 249980 19575 22727 22727 153003 115041 32380 5582 118679 87466 26280 4933 32809 9634 23175 61224 61224 255696 179410 56132 20154 12092 58 12034 184036 99081 82658 2297 179927 93916 71877 14134 443659 439085 3564 1010 77771 58398 19373 9584 9584 Bad debt expense 150000 150000 Equipment and supplies 134628 133486 1142 Small computer equipmen 41008 8424 32584 Other Business expenses 31357 4938 26419 65763 32655 32636 472 5065181 4067786 876554 120841 2174293 2133903 7113752 3657733 801 69964 403392 176952 270237 226440 50000 1463 37924 9560546 6175964 227963 169002 227963 169002 X 108708 984205 9223875 5022757 9332583 6006962 9560546 6175964 X -3235235 -90386 X X 0 1 X 1 0 X 1110758 1381425 1875851 1616007 1650337 7634378 1110758 1381425 1875851 1616007 1650337 7634378 5394640 2239738 5764 7822 5600 19186 11588 -1192 10396 7663960 499259 0.29220 0.21350 X The SENS Research Foundation ("SRF") meets the facts and circumstances test of section 170(b)(1)(A)(vi) and regulation 1.170A-9(f)(3). The Organization maintains a qualifying program for solicitation of funds and the Organization is of the nature of an organization which is publicly supported.The Organization normally receives a substantial part of its support from contributions made directly or indirectly by the general public. The percentage of support normally received by the Organization from contributions made directly or indirectly by the general public is at least 10 percent of the total support normally received by the Organization. In the 2014 tax year, 29% of SRF's support came from public funding, up from 21% in the prior year. SRF's financial support consists of a combination of foundations, corporations, government bodies, and individual donors. In addition to continued financial support from existing donors, SRF plans to solicit contributions through phone, email, social media, fundraising events, as well as donations made on the SRF website. SRF is optimistic that the number of supporters will grow further in the coming year. The Organization also maintains a continuous and bona-fide program for solicitation of funds from the general public or community. Due to growth seen in donations in the past 5 years, SRF has begun to expand the scope of its solicitations to encompass more of the general public and to reach out to more individuals who may be interested in donating to the Organization. Additionally, the following facts and circumstances are pertinent to the Organization:The SENS Research Foundation ("SRF") works to develop, promote and ensure widespread access to regenerative medicine solutions to the disabilities and diseases of aging. It is achieving this goal through a combination of scientific research projects, educational programs, and outreach efforts. SRF's governing body is representative of the broad interests of the public. There are 7 directors on its board, including scientists, educators, and business people with experience and connections to universities, medical centers, and the scientific community. SRF's directors are internationally positioned to better support the global community's needs.SRF routinely publishes results of funded projects in peer-reviewed journals and presents those findings at internationally attended scientific conferences. SRF has a routinely updated listing of all its publications at http://sens.org/research/recent-publications that is made readily available to the general public. SRF puts on an Industry-focused conference annually in the Bay area of California. The Rejuvenation Biotechnology conference in 2014 had 3 conference tracks that included topics such as Alzheimer's Disease, Investment, Cardiovascular Disease, and Economic Impact of an Aging Population on the Health Care System. The attendance was approximately 350 attendees from Academia, Industry, and Government. In addition, videos of all presentations have been made available at no cost on the SRF website and YouTube channel.Members of the scientific community, educators, and medical professionals participate in SRF projects. We have 10 extramural research projects that include Harvard University, Wake Forest Institute for Regenerative Medicine, Yale University, and Oxford University, as well at 3 intramural research projects at the SRF Research Center in Mountain View, California. SRF also has a 28-member, world-class Research Advisory Board featuring leading scientists in the international community. SRF's educational program hosts research scholars and volunteers throughout the academic year at their Research Center, as well as their nationally and internationally affiliated organizations. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 327234 123778 203456 76158 53174 22984 226440 X 1739560 -90386 -90386 1829946 0 1829946 5065181 0 5065181 0 5065181 Part X, Line 2: The Organization evaluates its uncertain tax positions and will recognize a loss contingency when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of December 31, 2014, management did not identify any uncertain tax positions. Part XI, Line 2d - Other Adjustments: Unrealized loss on foreign currency exchange -90,386. 0 0 0 0 0 0 0 0 0 0 Europe Research project cost 130140 Europe Research project cost 51883 Europe Research project cost 41289 Canada Research project cost 30000 Europe Research project cost 11088 Europe Research project cost 6187 Europe Research project cost 35 Contract research Research Grant 2 16640 Cash Payment 0 0 0 0 0 0 1 Yale University PO Box 208241 New Haven CT 06520 060646973 School 393305 Research grant University of Texas Health Science Cntr PO Box 203382 Houston TX 77216 741761309 School 160000 Research grant Brigham and Women's Hospital 75 Francis St Boston MA 02115 042312909 School 141480 Research grant Albert Einstein College 1301 Morris Park Ave Bronx NY 10461 131624225 School 123241 Research grant Wake Forest Institute for Regenerative Me Medical Center Blvd WinstonSalem NC 27157 223849199 School 109896 Research grant University of Denver 2199 S University Blvd Denver CO 80208 840404231 School 88000 Research grant The Regents of the University of CA 2195 Hearst Ave RM 130 MC 1103 Berkeley CA 94720 946002123 School 78787 Research grant Rice University 6100 Main Street MS-317 Houston TX 77005 771109620 School 36000 Research grant Buck Institute 8001 Redwood Blvd Novato CA 94945 943030609 Corporation 35200 Research grant Synbion Inc 9833 Cynthia Ann Ct Houston TX 77025 900609477 Corporation 31250 Research grant Wake Forest Properties PO Box 7477 Winston Salem NC 27109 999999999 School 6000 Education program University of Southern California University Gardens Suite 205 Los Angeles CA 90089 951642394 School 3200 Research grant Research grants 6 53000 Part I, Line 2: The Organization monitors grants at six month intervals. We require interim research reports every six months, which are submitted with the next payment invoice. At the conclusion of each research contract, we require a comprehensive research report and a financial accounting that details how the grant was spent. X X 0 0 0 0 0 0 0 0 0 Michael Kope President/CEO 200850 0 0 0 0 0 0 0 0 0 200850 0 0 0 Kevin Perrott Kevin Perrott is the treasurer of the board of directors 30000 Current portion of 3 year research grant through University of Alberta. Form 990, Part VI, Section B, line 11 The form 990 is reviewed by the president and the operations manager and presented to the board prior to filing. Form 990, Part VI, Section B, line 12c A formal conflict of interest policy has been adopted by the organization. The policy is reviewed and reaffirmed annually. Form 990, Part VI, Section B, line 15 The president's salary was determined through the budget process by the board of directors. The board used comparable data for determining salaries of all key employees Form 990, Part VI, Section C, line 18 The forms 1023 and 990 are available at the organization's offices upon request. Form 990, Part VI, Section C, line 19 All governing documents, the conflict of interest policy and the financial statements are available at the organization's offices upon request Form 990, Part XI, line 9: Unrealized loss on foreign currency exchange -90,386. Form 990, Part XII, Line 2c The Organization's audit committee is charged with the responsibility of overseeing the audit and the work of the independent auditors. This process has not changed from prior years.