2011-03-14T16:09:22-05:00 2010-06-30 BLACKMAN KALLICK LLP 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2009-07-01 362477928 BRAIN RESEARCH FOUNDATION BRAI 3127595160 111 W WASHINGTON ST No 1710 CHICAGO IL 60602 NATHAN HANSEN 3127595160 2011-03-10 1 KIMBERLY HAUMANN 3122071040 2011-03-10 2009 2016-02-24 21:20:13Z NATHAN HANSEN 111 W WASHINGTON ST No 1710 CHICAGO IL 60602 4320527 0 X www.brainresearchfdn.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. 26 26 3 28 0 0 668882 456738 0 120471 448648 368 789353 905754 1045665 569139 0 323140 338846 0 131151 199540 303426 1568345 1211411 -778992 -305657 9415655 11155855 1023667 122587 8391988 11033268 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 49132 3000 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. 640355 525000 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, Parkinsons disease, schizophrenia, and stroke. Advancing science in these areas will help all humans afflicted with neurological disorders. 71432 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. 760919 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 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 3 1 0 0 0 0 0 1 1 0 0 0 0 26 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X KRISTINE THOMPSON 3127595156 111 W WASHINGTON ST SUITE 1710 CHICAGO IL 606022858 WILLIAM E FAY JR 0.50 X X 0 0 0 John D Mabie 0.50 X X 0 0 0 Thomas A Reynolds III 0.50 X X 0 0 0 Robert J Winter Jr 0.50 X X 0 0 0 Nathan T Hansen 1.00 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 Jean D Jernstedt 0.50 X X 0 0 0 John M McDonough 0.50 X X 0 0 0 RIChard J Daly 0.50 X 0 0 0 PETER J Eschenbach 0.50 X 0 0 0 KATHRyn G Johnson 0.50 X 0 0 0 RICHARD M KOHN 0.50 X 0 0 0 BENNett L Leventhal 0.50 X 0 0 0 SUZANNE M K MOSKOW 0.50 X 0 0 0 JOHN M Peterman 0.50 X 0 0 0 KATHERine A Thompson 0.50 X 0 0 0 MARY J BEATTLE 0.30 X 0 0 0 JAMES L CLAUS 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 PATRICIA B KOLDYKE 0.30 X 0 0 0 ROBERT A MANN 0.30 X 0 0 0 MARCO A MORENO 0.30 X 0 0 0 Peter B Pond 0.30 X 0 0 0 MARY H SMART 0.30 X 0 0 0 terre a sharma phd 37.50 X 141026 0 44938 141026 0 44938 1 0 1 0 0 1715 455023 456738 521583 521583 3332206 3405141 -72935 -72935 -72935 10000 1715 9632 368 368 905754 0 0 449016 569139 569139 185964 55529 92461 37974 76632 22883 38101 15648 31701 9466 15762 6473 29633 8848 14734 6051 14916 4454 7416 3046 26897 8031 13374 5492 38628 11534 19206 7888 21273 6352 10577 4344 4707 1405 2341 961 47929 14311 23831 9787 1641 490 816 335 4560 1361 2268 931 6833 2040 3398 1395 6060 1809 3014 1237 EDUCATIONAL PROJECTS 97832 29213 48642 19977 RECRUITING AND TRAINING 13500 4032 6711 2757 MISCELLANEOUS 10543 3148 5242 2153 PUBLICATIONS 9648 2881 4797 1970 TELEPHONE 6149 1835 3058 1256 7226 2158 3592 1476 1211411 760919 319341 131151 26851 6578 2529404 540432 5500 53500 25 19095 22720 105539 89021 23351 16518 6655803 10460431 155651 55651 9415655 11155855 88750 122587 934917 0 1023667 122587 X 7874223 10682498 517765 350770 8391988 11033268 9415655 11155855 X 0 1 1 X 0 X 1492534 917158 897670 668882 455023 4431267 1492534 917158 897670 668882 455023 4431267 340728 4090539 350451 368171 318525 287199 321230 1645576 102850 2083 104933 6181776 0.66170 0.72220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 69405 61826 7579 36134 27195 8939 16518 905754 1211411 -305657 962020 1984917 2946937 2641280 3862014 962020 9323 1984917 2956260 905754 0 905754 1220734 9323 9323 1211411 0 1211411 Part XI, Line 8 - Other Adjustments: RETURN OF GRANT FUNDS AND REVERSAL OF LIABILITY: 1984917. PART X, LINE 2 - FIN 48 FOOTNOTE: The Foundation is a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, the accompanying financial statements do not reflect income taxes. The Foundation's adoption of the Income Tax Topic regarding uncertain tax positions of GAAPUSA on July 1, 2009 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 2007. Prior to adoption of the Income Tax Topic, the Foundation accounted for tax positions under a contingent loss model, requiring recognition of a tax liability when it was both (1) probable that it had been incurred as of year-end and (2) the amount could be reasonably estimated. 1 MEDICAL RESEARCH GRANTS 17 569139 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 sharma phd 140328 0 698 0 0 0 0 0 44938 0 185964 0 0 0 Part I, Line 1a PROVIDES SOCIAL CLUB DUES TO THE UNIVERSITY CLUB OF CHICAGO FOR APPROXIMATELY 30 MEMBERS 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 38579 ORGANIZATION PAID $38,579 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. 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.