2014-02-08T10:45:08-06:00 2013-06-30 363468829 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2012-07-01 362477928 BRAIN RESEARCH FOUNDATION BRAI 3127595150 111 W WASHINGTON ST NO 1710 CHICAGO IL 60602 RICHARD KOHN 3127595150 2014-02-05 1 LU ANN TRAPP P01506476 3122071040 2014-02-05 2012 2015-11-30 17:44:51Z RICHARD KOHN 111 W WASHINGTON ST NO 1710 CHICAGO IL 60602 9651949 0 X WWW.THEBRF.ORG X 1953 IL THE FOUNDATION IS COMMITTED TO SUPPORTING NEUROSCIENCE RESEARCH THAT LEADS TO ADVANCES IN UNDERSTANDING OF BRAIN FUNCTION AND TREATMENT OF BRAIN-RELATED DISORDERS. 22 21 6 59 0 0 990552 1204568 0 0 783647 1206646 -94870 -43222 1679329 2367992 743754 992780 0 0 326808 404930 0 0 272756 483264 359159 1553826 1756869 125503 611123 14008799 15207398 90389 206127 13918410 15001271 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 196620 150000 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. 963559 842780 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. 169325 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. 1329504 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 7 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 22 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X LISA UNDERWOOD 3127595156 111 W WASHINGTON ST SUITE 1710 CHICAGO IL 606022858 NATHAN T HANSEN 1.00 X X 0 0 0 WILLIAM E FAY JR 0.50 X X 0 0 0 NORMAN R BOBINS 0.50 X X 0 0 0 DAVID H FISHBURN 0.50 X X 0 0 0 RICHARD M KOHN 0.50 X X 0 0 0 C BRANT AHRENS 0.30 X 0 0 0 MARY J BEATTIE 0.30 X 0 0 0 PETER J ESCHENBACH 0.50 X 0 0 0 KATHRYN G JOHNSON 0.30 X 0 0 0 BENNETT L LEVENTHAL 0.50 X 0 0 0 SUZANNE MK MOSKOW 0.50 X 0 0 0 KATHERINE A THOMPSON 0.50 X 0 0 0 ROB MALENKA 0.30 X 0 0 0 ROBERT D GLICK 0.30 X 0 0 0 LINDA H HEAGY 0.30 X 0 0 0 ROBERT S JOHNSON 0.30 X 0 0 0 JOHN D MABIE 0.30 X 0 0 0 SUSAN MORAN 0.30 X 0 0 0 PATRICIA B KOLDYKE 0.30 X 0 0 0 DIANE JASTROMB 0.30 X 0 0 0 MARY H SMART 0.50 X 0 0 0 PETER B POND 0.30 X 0 0 0 THOMAS A REYNOLDS III 0.30 X 0 0 0 TERRE A CONSTANTINE 40.00 X 173020 0 46525 173020 0 46525 1 0 1 0 0 716254 488314 7628 1204568 553056 553056 7785835 7132245 653590 653590 653590 108490 716254 151712 -43222 -43222 2367992 0 0 1163424 992780 992780 219545 111968 35127 72450 84656 10412 35539 38705 32524 13085 7555 11884 43456 17482 10095 15879 24749 9957 5749 9043 18651 18651 61639 32301 29338 15330 6167 3561 5602 7652 3078 1778 2796 46486 18701 10799 16986 1181 475 274 432 3199 1287 743 1169 9320 3749 2165 3406 5675 2283 1318 2074 MARKETING 98527 68969 29558 EDUCATIONAL PROJECTS 26382 10613 6129 9640 PUBLICATIONS 25704 10341 5971 9392 RECRUITING AND TRAINING 9402 3783 2184 3435 30011 12073 6971 10967 1756869 1329504 154609 272756 13658 11684 1098970 274794 25000 14908 25120 116882 107678 15224 9204 12835839 14881396 5200 5200 14008799 15207398 90389 206127 90389 206127 X 11962338 12812297 456072 688974 1500000 1500000 13918410 15001271 14008799 15207398 X 611123 408708 63030 X 0 1 X 1 0 X 668882 455023 2681334 990552 1204568 6000359 668882 455023 2681334 990552 1204568 6000359 2305632 3694727 287199 321230 401437 448437 553056 2011359 2083 19402 21485 8033203 0.45990 0.47550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1614629 167819 77880 21933 1682635 1671330 45977 80210 22468 1614629 1500000 171330 1671330 0.00000 0.89100 0.10900 0 0 63748 60211 3537 53134 47467 5667 9204 X 2776700 408708 408708 2367992 0 2367992 1693839 0 1693839 63030 63030 1756869 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE FOUNDATION ESTABLISHED THE HELEN M. MCLORAINE NEUROSCIENCE RESEARCH FUND TO SUPPORT RESEARCH IN THE FIELD OF DEMENTIA, WITH A FOCUS ON ATYPICAL DEMENTIA. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2013 AND 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME EXAMINATIONS FOR YEARS PRIOR TO 2010. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEAR GRANTS RETURNED 63,030. ANNUAL BENEFIT 731737 700927 30810 43570 68406 ROTR 72911 15327 57584 18175 3489 1 18195 0 18195 12000 822843 716254 106589 61745 83895 145640 -39051 1 BRAIN RESEARCH 12 992780 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 0 0 0 0 0 0 0 0 0 TERRE A CONSTANTINE 163020 0 10000 0 0 0 27216 0 19309 0 219545 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. JOHN D MABIE BOARD MEMBER 54990 ORGANIZATION PAID $54,990 FOR INVESTMENT MANAGEMENT SERVICES TO MID CONTINENT CAPITAL, LLC. MR. MABIE IS A NON-EQUITY CHAIRMAN OF MID-CONTINENT CAPITAL, LLC. MR. MABIE IS NOT INVOLVED IN ANY INVESTMENT DECISIONS MADE BY THE BRAIN RESEARCH FOUNDATION. HE ABSTAINS FROM VOTING IN AGREEMENT WITH THE FOUNDATION'S CONFLICT OF INTEREST POLICY, WHILE THE REMAINING MEMBERS OF THE BOARD MAKE DECISIONS CONCERNING INVESTMENT ISSUES. 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER KATHY THOMPSON IS A MANAGING DIRECTOR AT THE SAME COMPANY THAT BOARD MEMBER NORM BOBINS IS A NON-EXECUTIVE CHAIRMAN. KATHY THOMPSON REPORTS DIRECTLY TO NORM BOBINS AT THE OTHER, NON-RELATED COMPANY. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FORM 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 "AUGUST 2012 CHARITY NAVIGATOR CEO COMPENSATION STUDY" TO DETERMINE THE SALARY FOR THE EECUTIVE DIRECTOR. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PRIOR YEAR GRANTS RECEIVED 63,030.