Neurosurgery Foundation Inc
- Assets
- $1.6m
- Revenue
- $69.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 11/1986
- Data as of
- 09/2023
- EIN
- 05-0414462
Organization Overview
Neurosurgery Foundation Inc is located in Providence, RI. The organization was established in 1986. According to its NTEE Classification (G96) the organization is classified as: Neurology & Neuroscience, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neurosurgery Foundation Inc 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 09/2023, Neurosurgery Foundation Inc generated $69.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $167.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTH IN THE COMMUNITY, EDUCATE BROWN UNIVERSITY MEDICAL STUDENTS, AND ENGAGE IN MEDICAL RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPORT FOR THE NEUROSURGERY DEPARTMENT OF RI HOSPITAL; CLINICAL AND CLASSROOM INSTRUCTION TO BROWN UNIVERSITY MEDICAL STUDENTS AND RHODE ISLAND HOSPITAL INTERNS AND RESIDENTS; TEACHING AND RESEARCH IN THE AREA OF NEUROSURGERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ziya L Gokaslan MD Faans Fac President | 3 | $0 | |
Curtis E Doberstein MD Vice President | 3 | $0 | |
Mustafa Mazlumoglu Treasurer | 7 | $0 | |
Adetokunbo Oyelese MD Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $33,636 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,445 |
| Capital Gain Net Income | $35,445 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,081 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $218 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,243 |
| Total operating and administrative expenses | $67,501 |
| Contributions, gifts, grants paid | $99,615 |
| Total expenses and disbursements | $167,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,778 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $756,734 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,609,998 |
| Accounts payable and accrued expenses | $15,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,137 |
Grants Awarded
Over the last fiscal year, Neurosurgery Foundation Inc has awarded $99,615 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
RHODE ISLAND HOSPITAL - NEUROSURGERY DEPARTMENT PURPOSE: PROMOTE HEALTH IN THE COMMUNITY | $42,615 |
RHODE HOSPITAL FOUNDATION PURPOSE: PROMOTE HEALTH IN THE COMMUNITY | $47,000 |
CHORDOMA FOUNDATION PURPOSE: PROMOTE HEALTH IN THE COMMUNITY | $5,000 |
NEUROSURGERY RESEARCH & EDUCATION FOUNDATION PURPOSE: PROMOTE HEALTH IN THE COMMUNITY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ch Neurology Foundation Inc Boston, MA | $32,219,023 | $49,738,674 |
Brown Neurology Providence, RI | $15,051,382 | $43,048,918 |
Pediatric Development Center Inc Pittsfield, MA | $3,049,711 | $2,093,583 |
Neurofibromatosis Incorporated Northeast Burlington, MA | $842,757 | $616,977 |
Neurosurgery Foundation Inc Providence, RI | $1,609,998 | $69,081 |
Baby Alex Foundation Inc Harvard, MA | $4,867 | $0 |