2013-02-15T15:51:03-06:00 2012-06-30 363468829 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2011-07-01 362477928 BRAIN RESEARCH FOUNDATION BRAI 3127595160 111 W WASHINGTON ST NO 1710 CHICAGO IL 60602 NATHAN HANSEN 3127595160 2013-02-13 1 KIM HAUMANN P00546491 3122071040 2013-02-13 2011 2016-03-07 17:11:31Z NATHAN HANSEN 111 W WASHINGTON ST NO 1710 CHICAGO IL 60602 5822276 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. 25 25 5 61 0 0 2681334 990552 0 0 578613 783647 -104847 -94870 3155100 1679329 1051249 743754 0 0 416959 326808 0 0 257584 243370 483264 1711578 1553826 1443522 125503 14235418 14008799 70692 90389 14164726 13918410 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 88738 30685 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. 863780 713069 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. 212019 0 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. 1164537 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 0 1 18 0 1 5 1 0 0 0 0 0 1 1 0 0 0 0 0 X 25 25 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 JEAN D JERNSTEDT 0.30 X 0 0 0 JOHN M MCDONOUGH 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 JOHN M PETERMAN 0.30 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 THOMAS A REYNOLDS III 0.30 X 0 0 0 PATRICIA B KOLDYKE 0.30 X 0 0 0 DIANE JASTROMB 0.30 X 0 0 0 PETER B POND 0.30 X 0 0 0 MARY H SMART 0.50 X 0 0 0 TERRE A CONSTANTINE 37.00 X 163375 0 45097 163375 0 45097 1 0 1 0 0 748427 242125 12251 990552 448437 448437 4303430 3968220 335210 335210 335210 60455 748427 174727 -114272 -114272 PRIOR YEAR GRANTS RETU 900099 19402 19402 19402 1679329 19402 0 669375 743754 743754 166750 85393 26773 54584 89483 45880 14315 29288 26714 13686 4284 8744 25548 13089 4096 8363 18313 9381 2938 5994 24837 24837 132084 80393 327 51364 13917 7131 2231 4555 9251 4739 1484 3028 45178 23145 7245 14788 3238 1659 519 1060 3848 1971 617 1260 12960 6639 2079 4242 6491 3326 1040 2125 EDUCATIONAL PROJECTS 155351 85357 26718 43276 RECRUITING AND TRAINING 25873 13256 4148 8469 MISCELLANEOUS EXPENSES 21660 11097 3474 7089 PUBLICATIONS 17611 9023 2823 5765 10965 5618 1757 3590 1553826 1164537 131705 257584 46095 13658 1269452 1098970 50000 25000 25026 14908 125210 109986 28184 15224 12811010 12835839 5651 5200 14235418 14008799 70692 90389 70692 90389 X 12121753 11962338 542973 456072 1500000 1500000 14164726 13918410 14235418 14008799 X 125503 -371819 X 0 1 1 X 0 X 897670 668882 455023 2681334 990552 5693461 897670 668882 455023 2681334 990552 5693461 2082324 3611137 318525 287199 321230 401437 448437 1776828 102850 2083 19402 124335 7594624 0.47550 0.47530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1671330 45977 80210 22468 1614629 0 1500000 171330 1671330 0.93000 0.07000 0 0 72076 68873 3203 53134 41113 12021 15224 1679329 1553826 125503 -371819 -371819 -246316 1310568 -371819 11200 11260 -349359 1659927 19402 19402 1679329 1556884 11200 11260 22460 1534424 19402 19402 1553826 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: THE FOUNDATION'S APPLICATION OF GAAPUSA REGARDING UNCERTAIN TAX POSITIONS HAS HAD NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE FOUNDATION HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF ITS NOT-FOR-PROFIT TAX STATUS. THE FOUNDATION WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS INCOME TAX EXPENSE. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR PERIODS BEFORE 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: WHITE SOX EVENT DIRECT EXPENSES 11,260. PART XII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEAR GRANTS RETURNED 19,402. PART XIII, LINE 2D - OTHER ADJUSTMENTS: WHITE SOX EVENT DIRECT EXPENSES 11,260. PART XIII, LINE 4B - OTHER ADJUSTMENTS: PRIOR YEAR GRANTS RETURNED 19,402. ANNUAL BENEFIT 728496 688196 40300 56022 57010 ROTR 54651 49431 5220 17422 3548 1 12380 1500 10880 11260 795527 739127 56400 73444 71818 145262 -88862 1 BRAIN RESEARCH 13 743754 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 153375 0 10000 0 0 0 24571 0 20526 0 208472 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 51874 ORGANIZATION PAID $51,874 FOR INVESTMENT MANAGEMENT SERVICES TO MID CONTINENT CAPITAL, LLC. MR. MABIE IS PRESIDENT 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 2011 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -371,819.