TY 2012 Form 990 Schedule O

efile Public Visual Render ObjectId: 201401269349300105 - Submission: 2014-05-06 TIN: 52-0895843

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.

OMB No. 1545-0047

2012

Open to Public
Inspection

Name of the organization

SOCIETY FOR NEUROSCIENCE

Employer identification number

52-0895843

Identifier	Return Reference	Explanation
ORGANIZATION MISSION STATEMENT	FORM 990, PART I, LINE 1	THE APPLICATION OF NEW SCIENTIFIC KNOWLEDGE TO DEVELOP IMPROVED DISEASE TREATMENTS AND CURES. 2. PROVIDE PROFESSIONAL DEVELOPMENT ACTIVITIES, INFORMATION, AND EDUCATIONAL RESOURCES FOR NEUROSCIENTISTS AT ALL STAGES OF THEIR CAREERS, INCLUDING UNDERGRADUATES, GRADUATES, AND POSTDOCTORAL FELLOWS, AND INCREASE PARTICIPATION OF SCIENTISTS FROM A DIVERSITY OF CULTURAL AND ETHNIC BACKGROUNDS. 3. PROMOTE PUBLIC INFORMATION AND GENERAL EDUCATION ABOUT THE NATURE OF SCIENTIFIC DISCOVERY AND THE RESULTS AND IMPLICATIONS OF THE LATEST NEUROSCIENCE RESEARCH. SUPPORT ACTIVE AND CONTINUING DISCUSSIONS ON ETHICAL ISSUES RELATING TO THE CONDUCT AND OUTCOMES OF NEUROSCIENCE RESEARCH. 4. INFORM LEGISLATORS AND OTHER POLICYMAKERS ABOUT NEW SCIENTIFIC KNOWLEDGE AND RECENT DEVELOPMENTS IN NEUROSCIENCE RESEARCH AND THEIR IMPLICATIONS FOR PUBLIC POLICY, SOCIETAL BENEFIT, AND CONTINUED SCIENTIFIC PROGRESS.
	FORM 990, PART VI, SECTION A, LINE 6	SFN IS A MEMBER-DRIVEN SOCIETY THAT CURRENTLY CONSISTS OF APPROXIMATELY 40,000 SCIENTISTS AND PHYSICIANS DEVOTED TO ADVANCING UNDERSTANDING OF THE BRAIN AND NERVOUS SYSTEM FROM ACROSS THE UNITED STATES AND THE WORLD.
	FORM 990, PART VI, SECTION A, LINE 7A	REGULAR MEMBERS ARE ELIGIBLE TO VOTE IN THE SFN ELECTIONS FOR THE SOCIETY'S PRESIDENT, TREASURER, SECRETARY, AND COUNCILORS. THESE ELECTIONS ARE HELD ANNUALLY BY AN INDEPENDENT THIRD PARTY VENDOR TO ENSURE VOTING ANONYMITY.
	FORM 990, PART VI, SECTION A, LINE 7B	ANY CHANGES TO OUR GOVERNING BYLAWS MUST BE APPROVED BY A MAJORITY IN A VOTE OPEN TO THE VOTING MEMBERSHIP. A MEMBER VOTE IS REQUIRED TO CHANGE OR AMEND THE BYLAWS, WITH A SIMPLE MAJORITY PASSING THE CHANGES AND/OR AMENDMENTS. NO OTHER DECISIONS ARE SUBJECT TO A MEMBER VOTE.
	FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE EXECUTIVE DIRECTOR, DEPUTY EXECUTIVE DIRECTOR, PROGRAMS & FINANCE, SENIOR DIRECTOR OF FINANCE & DEVELOPMENT/CFO, AND THE CONTROLLER. THE 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE OF COUNCIL (E.C.) PRIOR TO FILING. THE E.C. IS COMPRISED OF THE PRESIDENT, PAST PRESIDENT, AND PRESIDENT-ELECT AND IS AUTHORIZED BY COUNCIL TO ACT ON ITS BEHALF BETWEEN MEETINGS OF THE COUNCIL.
	FORM 990, PART VI, SECTION B, LINE 12C	IN ORDER TO ADHERE TO OUR CONFLICT OF INTEREST POLICY, STAFF ENSURES THE ANNUAL DISSEMINATION OF THE CONFLICT OF INTEREST POLICY TO ALL COUNCILORS (MEMBERS OF THE SOCIETY'S BOARD OF DIRECTORS) AND COMMITTEE CHAIRS AT THE SOCIETY'S ANNUAL MEETING AND MONITORS THE RETURN OF THE DISCLOSURES OF THE FORMS WITH SFN'S GENERAL COUNSEL. IN ADDITION, SFN'S COUNCIL MEMBERS ARE APPRISED OF THEIR FIDUCIARY RESPONSIBILITIES DURING THE COUNCIL ORIENTATION SESSION THAT IS CONDUCTED EACH SUMMER FOR NEW MEMBERS. SFN'S CONFLICT OF INTEREST POLICIES SPECIFICALLY STATE THE ACTION(S) THAT ARE TO TAKE PLACE IF A PERCEIVED CONFLICT OF INTEREST OCCURS. DEPENDING ON THE SITUATION, THIS INCLUDES RECUSING ONESELF FROM THE DISCUSSION OR DECISION, AIRING THE PERCEIVED CONFLICT OF INTEREST TO THE PRESIDENT OR CHAIR OF THE COMMITTEE, AND THEN ALLOWING EITHER GENERAL COUNSEL OR THE APPROPRIATE COMMITTEE TO DEEM WHETHER A CONFLICT OF INTEREST DOES EXIST, INVOLVING THE EXECUTIVE COMMITTEE AND SECRETARY AS DEEMED NECESSARY. IN ADDITION, ALL SENIOR STAFF COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY, WHICH IS REVIEWED BY THE EXECUTIVE DIRECTOR.
	FORM 990, PART VI, SECTION B, LINE 15A	THE PROCESS FOR DETERMINING COMPENSATION OF THE SENIOR STAFF GROUP, INCLUDING THE EXECUTIVE DIRECTOR WAS: 1. CONDUCTED BY PERSONS INDEPENDENT OF THE AFFECTED CLASS OF EMPLOYEES; 2. BASED ON EXTERNALLY-GENERATED SURVEY DATA COMPARING SIMILAR POSITIONS IN COMPARABLE PEER ORGANIZATIONS; AND 3. THE DECISIONS WERE DOCUMENTED AND SUBSTANTIATED IN WRITING AT THE TIME OF THE DECISION. THE EXECUTIVE DIRECTOR'S COMPENSATION WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE, AND KEY EMPLOYEES' COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. THE DATE OF THE LAST COMPENSATION REVIEW WAS DECEMBER 2012.
	FORM 990, PART VI, SECTION C, LINE 19	THE SOCIETY PLACES ITS MISSION, STRATEGIC PLAN, LIST OF COUNCILORS (BOARD OF DIRECTORS), BYLAWS, AND ANNUAL REPORT DIRECTLY ON ITS PUBLIC-FACING WEBSITE. THE ANNUAL REPORT PROVIDES AN OVERVIEW OF SFN ACCOMPLISHMENTS, EFFORTS, AND ACTIVITIES FOR THE FISCAL YEAR, AND INCLUDES INFORMATION ABOUT SFN'S ANNUAL MEETING, THE JOURNAL OF NEUROSCIENCE, MEMBERSHIP, CHAPTERS, PROFESSIONAL DEVELOPMENT, OUTREACH, ADVOCACY, AND THE AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC ON A REQUEST BASIS. CONFLICT OF INTEREST POLICY STATEMENTS ARE ALSO INCLUDED IN THE SOCIETY'S SUBMISSION REQUIREMENTS FOR AUTHOR SUBMISSIONS TO THE JOURNAL OF NEUROSCIENCE, ABSTRACTS PRESENTED AT THE ANNUAL MEETING, AND INSTRUCTORS AND PLANNERS AT CONTINUING MEDICAL EDUCATION ACTIVITIES, AS WELL AS THE REQUIRED COUNCIL, COMMITTEE CHAIR, AND EMPLOYEE CONFLICT OF INTEREST POLICY REQUIREMENTS PREVIOUSLY DISCLOSED.
		FORM 990, PART VII, SECTION A: CERTAIN MEMBERS OF THE BOARD RECEIVED COMPENSATION FOR PROVIDING EDITORIAL SERVICES FOR SFN'S JOURNAL OF NEUROSCIENCE. THE COMPENSATION HAS BEEN REPORTED ON PART VII AND WAS UNRELATED TO ANY BOARD DUTIES. THE COMPENSATION WAS DETERMINED TO BE AT FAIR MARKET VALUE.
CHANGES IN NET ASSETS OR FUND BALANCES:	FORM 990, PART XI, LINE 9:	UNREALIZED GAIN ON INTEREST RATE SWAP 3,572,997.

Identifier

Return Reference

Explanation

ORGANIZATION MISSION STATEMENT

FORM 990, PART I, LINE 1

THE APPLICATION OF NEW SCIENTIFIC KNOWLEDGE TO DEVELOP IMPROVED DISEASE TREATMENTS AND CURES. 2. PROVIDE PROFESSIONAL DEVELOPMENT ACTIVITIES, INFORMATION, AND EDUCATIONAL RESOURCES FOR NEUROSCIENTISTS AT ALL STAGES OF THEIR CAREERS, INCLUDING UNDERGRADUATES, GRADUATES, AND POSTDOCTORAL FELLOWS, AND INCREASE PARTICIPATION OF SCIENTISTS FROM A DIVERSITY OF CULTURAL AND ETHNIC BACKGROUNDS. 3. PROMOTE PUBLIC INFORMATION AND GENERAL EDUCATION ABOUT THE NATURE OF SCIENTIFIC DISCOVERY AND THE RESULTS AND IMPLICATIONS OF THE LATEST NEUROSCIENCE RESEARCH. SUPPORT ACTIVE AND CONTINUING DISCUSSIONS ON ETHICAL ISSUES RELATING TO THE CONDUCT AND OUTCOMES OF NEUROSCIENCE RESEARCH. 4. INFORM LEGISLATORS AND OTHER POLICYMAKERS ABOUT NEW SCIENTIFIC KNOWLEDGE AND RECENT DEVELOPMENTS IN NEUROSCIENCE RESEARCH AND THEIR IMPLICATIONS FOR PUBLIC POLICY, SOCIETAL BENEFIT, AND CONTINUED SCIENTIFIC PROGRESS.

FORM 990, PART VI, SECTION A, LINE 6

SFN IS A MEMBER-DRIVEN SOCIETY THAT CURRENTLY CONSISTS OF APPROXIMATELY 40,000 SCIENTISTS AND PHYSICIANS DEVOTED TO ADVANCING UNDERSTANDING OF THE BRAIN AND NERVOUS SYSTEM FROM ACROSS THE UNITED STATES AND THE WORLD.

FORM 990, PART VI, SECTION A, LINE 7A

REGULAR MEMBERS ARE ELIGIBLE TO VOTE IN THE SFN ELECTIONS FOR THE SOCIETY'S PRESIDENT, TREASURER, SECRETARY, AND COUNCILORS. THESE ELECTIONS ARE HELD ANNUALLY BY AN INDEPENDENT THIRD PARTY VENDOR TO ENSURE VOTING ANONYMITY.

FORM 990, PART VI, SECTION A, LINE 7B

ANY CHANGES TO OUR GOVERNING BYLAWS MUST BE APPROVED BY A MAJORITY IN A VOTE OPEN TO THE VOTING MEMBERSHIP. A MEMBER VOTE IS REQUIRED TO CHANGE OR AMEND THE BYLAWS, WITH A SIMPLE MAJORITY PASSING THE CHANGES AND/OR AMENDMENTS. NO OTHER DECISIONS ARE SUBJECT TO A MEMBER VOTE.

FORM 990, PART VI, SECTION B, LINE 11

THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE EXECUTIVE DIRECTOR, DEPUTY EXECUTIVE DIRECTOR, PROGRAMS & FINANCE, SENIOR DIRECTOR OF FINANCE & DEVELOPMENT/CFO, AND THE CONTROLLER. THE 990 WAS REVIEWED BY THE EXECUTIVE COMMITTEE OF COUNCIL (E.C.) PRIOR TO FILING. THE E.C. IS COMPRISED OF THE PRESIDENT, PAST PRESIDENT, AND PRESIDENT-ELECT AND IS AUTHORIZED BY COUNCIL TO ACT ON ITS BEHALF BETWEEN MEETINGS OF THE COUNCIL.

FORM 990, PART VI, SECTION B, LINE 12C

IN ORDER TO ADHERE TO OUR CONFLICT OF INTEREST POLICY, STAFF ENSURES THE ANNUAL DISSEMINATION OF THE CONFLICT OF INTEREST POLICY TO ALL COUNCILORS (MEMBERS OF THE SOCIETY'S BOARD OF DIRECTORS) AND COMMITTEE CHAIRS AT THE SOCIETY'S ANNUAL MEETING AND MONITORS THE RETURN OF THE DISCLOSURES OF THE FORMS WITH SFN'S GENERAL COUNSEL. IN ADDITION, SFN'S COUNCIL MEMBERS ARE APPRISED OF THEIR FIDUCIARY RESPONSIBILITIES DURING THE COUNCIL ORIENTATION SESSION THAT IS CONDUCTED EACH SUMMER FOR NEW MEMBERS. SFN'S CONFLICT OF INTEREST POLICIES SPECIFICALLY STATE THE ACTION(S) THAT ARE TO TAKE PLACE IF A PERCEIVED CONFLICT OF INTEREST OCCURS. DEPENDING ON THE SITUATION, THIS INCLUDES RECUSING ONESELF FROM THE DISCUSSION OR DECISION, AIRING THE PERCEIVED CONFLICT OF INTEREST TO THE PRESIDENT OR CHAIR OF THE COMMITTEE, AND THEN ALLOWING EITHER GENERAL COUNSEL OR THE APPROPRIATE COMMITTEE TO DEEM WHETHER A CONFLICT OF INTEREST DOES EXIST, INVOLVING THE EXECUTIVE COMMITTEE AND SECRETARY AS DEEMED NECESSARY. IN ADDITION, ALL SENIOR STAFF COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY, WHICH IS REVIEWED BY THE EXECUTIVE DIRECTOR.

FORM 990, PART VI, SECTION B, LINE 15A

THE PROCESS FOR DETERMINING COMPENSATION OF THE SENIOR STAFF GROUP, INCLUDING THE EXECUTIVE DIRECTOR WAS: 1. CONDUCTED BY PERSONS INDEPENDENT OF THE AFFECTED CLASS OF EMPLOYEES; 2. BASED ON EXTERNALLY-GENERATED SURVEY DATA COMPARING SIMILAR POSITIONS IN COMPARABLE PEER ORGANIZATIONS; AND 3. THE DECISIONS WERE DOCUMENTED AND SUBSTANTIATED IN WRITING AT THE TIME OF THE DECISION. THE EXECUTIVE DIRECTOR'S COMPENSATION WAS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE, AND KEY EMPLOYEES' COMPENSATION WAS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. THE DATE OF THE LAST COMPENSATION REVIEW WAS DECEMBER 2012.

FORM 990, PART VI, SECTION C, LINE 19

THE SOCIETY PLACES ITS MISSION, STRATEGIC PLAN, LIST OF COUNCILORS (BOARD OF DIRECTORS), BYLAWS, AND ANNUAL REPORT DIRECTLY ON ITS PUBLIC-FACING WEBSITE. THE ANNUAL REPORT PROVIDES AN OVERVIEW OF SFN ACCOMPLISHMENTS, EFFORTS, AND ACTIVITIES FOR THE FISCAL YEAR, AND INCLUDES INFORMATION ABOUT SFN'S ANNUAL MEETING, THE JOURNAL OF NEUROSCIENCE, MEMBERSHIP, CHAPTERS, PROFESSIONAL DEVELOPMENT, OUTREACH, ADVOCACY, AND THE AUDITED FINANCIAL STATEMENTS. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC ON A REQUEST BASIS. CONFLICT OF INTEREST POLICY STATEMENTS ARE ALSO INCLUDED IN THE SOCIETY'S SUBMISSION REQUIREMENTS FOR AUTHOR SUBMISSIONS TO THE JOURNAL OF NEUROSCIENCE, ABSTRACTS PRESENTED AT THE ANNUAL MEETING, AND INSTRUCTORS AND PLANNERS AT CONTINUING MEDICAL EDUCATION ACTIVITIES, AS WELL AS THE REQUIRED COUNCIL, COMMITTEE CHAIR, AND EMPLOYEE CONFLICT OF INTEREST POLICY REQUIREMENTS PREVIOUSLY DISCLOSED.

FORM 990, PART VII, SECTION A: CERTAIN MEMBERS OF THE BOARD RECEIVED COMPENSATION FOR PROVIDING EDITORIAL SERVICES FOR SFN'S JOURNAL OF NEUROSCIENCE. THE COMPENSATION HAS BEEN REPORTED ON PART VII AND WAS UNRELATED TO ANY BOARD DUTIES. THE COMPENSATION WAS DETERMINED TO BE AT FAIR MARKET VALUE.

CHANGES IN NET ASSETS OR FUND BALANCES:

FORM 990, PART XI, LINE 9:

UNREALIZED GAIN ON INTEREST RATE SWAP 3,572,997.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2012

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