Brain Aneurysm Foundation Incorporated
- Assets
- $2.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Hanover, MA
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 04-3243864
Organization Overview
Brain Aneurysm Foundation Incorporated is located in Hanover, MA. The organization was established in 1995. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Brain Aneurysm Foundation Incorporated employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brain Aneurysm Foundation Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Brain Aneurysm Foundation Incorporated generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Brain Aneurysm Foundation Incorporated has awarded 44 individual grants totaling $1,705,319. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EARLY DETECTION OF BRAIN ANEURYSMS BY PROVIDING KNOWLEDGE AND RAISING AWARENESS OF THE SIGNS, SYMPTOMS AND RISK FACTORS OF BRAIN ANEURYSMS. WORK WITH THE MEDICAL COMMUNITIES TO PROVIDE SUPPORT NETWORKS FOR PATIENTS AND FAMILIES, AS WELL AS TO FURTHER RESEARCH THAT WILL IMPROVE PATIENT OUTCOMES AND SAVE LIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRAIN ANEURYSM FOUNDATION AWARDED $633,272 IN RESEARCH FUNDING TO 15 DIFFERENT PROJECTS. THE FOUNDATION ALSO EDUCATED OVER 6000 PRIMARY CARE PROFESSIONALS VIA PRIMED LECTURES ON THE EARLY DETECTION AND MANAGEMENT OF BRAIN ANEURYSMS IN ORDER TO RAISE EARLY DETECTION. THE FOUNDATION HELD ANNUAL SUPPORT GROUPS ACROSS THE US AND HAD A HILL DAY TO ADVOCATE FOR MORE RESEARCH FUNDING AND BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Buckley Executive Dir. | Trustee | 40 | $156,200 |
Thomas Tinlin Chairman | Trustee | 2 | $0 |
Paul Games Treasurer | OfficerTrustee | 2 | $0 |
Joy Mullin Member | Trustee | 0.5 | $0 |
Deidre Buckley Secretary | OfficerTrustee | 2 | $0 |
Joseph Rooney Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,984 |
| Total Program Service Revenue | $0 |
| Investment income | $24,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $989,933 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,749,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $605,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $155,600 |
| Compensation of current officers, directors, key employees. | $39,492 |
| Compensation to disqualified persons | $442,355 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,366 |
| Payroll taxes | $50,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207,089 |
| Advertising and promotion | $0 |
| Office expenses | $11,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,423 |
| Travel | $461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,674 |
| Insurance | $6,485 |
| All other expenses | $57,403 |
| Total functional expenses | $2,199,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,863 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,701 |
| Net Land, buildings, and equipment | $12,996 |
| Investments—publicly traded securities | $1,439,743 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,074 |
| Total assets | $2,180,877 |
| Accounts payable and accrued expenses | $67,532 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $140,494 |
| Total liabilities | $208,026 |
| Net assets without donor restrictions | $1,972,851 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,180,877 |
Grants Awarded
Over the last fiscal year, Brain Aneurysm Foundation Incorporated has awarded $605,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ANEUVAS TECHNOLOGIES INC PURPOSE: RESEARCH GRANT | $75,000 |
NORTHERN ARIZONA UNIV | | | $40,000 |
DIGNITY HEALTH DBA ST JOSEPHS | | | $40,000 |
BETH ISRAEL DEACONESS PURPOSE: RESEARCH GRANT | $30,000 |
ST JOSEPHS HOSPITAL | | | $45,000 |
UNIVERSITY OF BUFFALO PURPOSE: RESEARCH GRANT | $35,000 |