Institute Of Neurosurgical Innovation Inc A Non-Profit Public
- Assets
- $69.7k
- Revenue
- $167.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Marina Del Rey, CA
- Founding
- 01/2012
- Data as of
- 12/2022
- EIN
- 26-2811538
Organization Overview
Institute Of Neurosurgical Innovation Inc A Non-Profit Public is located in Marina Del Rey, CA. The organization was established in 2012. According to its NTEE Classification (H83) the organization is classified as: Alzheimers Disease Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Institute Of Neurosurgical Innovation Inc A Non-Profit Public employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute Of Neurosurgical Innovation Inc A Non-Profit Public 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 12/2022, Institute Of Neurosurgical Innovation Inc A Non-Profit Public generated $167.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $176.3k during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE OF NEURO INNOVATION IS DEDICATED TO ENHANCING NEUROLOGICAL FUNCTION THROUGH RESEARCH, INNOVATION AND NEUROSCIENCE EDUCATION IN ORDER TO OPTIMIZE BRAIN PERFORMANCE AND RECOVERY FROM DEGENERATION AND INJURY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
I.N.I. IS BUILDING A REVOLUTIONARY, COLLABORATIVE, OPEN SOURCE PLATFORM FOR DISCOVERY, DISCUSSION AND EDUCATION IN TECHNOLOGICAL ADVANCEMENT RELATED TO NEUROLOGICAL OPTIMIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Gervais Board Member | Trustee | 10 | $0 |
Bill Leider Vice President | Trustee | 10 | $0 |
Marijane Kantzabedian CFO | Trustee | 10 | $0 |
Amir Vokshoor President & CEO | Officer | 15 | $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 | $144,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,742 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $650 |
| Advertising and promotion | $157 |
| Office expenses | $2,096 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,711 |
| All other expenses | $1,504 |
| Total functional expenses | $176,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,819 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,746 |
| Accounts payable and accrued expenses | $0 |
| 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 | $62,630 |
| Total liabilities | $62,630 |
| Net assets without donor restrictions | $7,116 |
| 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 | $69,746 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Alzheimers Research Center Inc Phoenix, AZ | $1,153,499 | $4,616,368 |
Alzheimers San Diego San Diego, CA | $4,996,290 | $2,917,722 |
Hearts & Minds Activity Center San Jose, CA | $4,773,080 | $3,020,389 |
The John Douglas French Alzheimers Foundation Pasadena, CA | $577,596 | $113,348 |
Leeza Gibbons Memory Foundation Inc Beverly Hills, CA | $805,583 | $758,654 |
Lloyd Westley Luttrell Memorial Foundation For Alzheimers Research Belmont, CA | $0 | $3,509 |
Institute Of Neurosurgical Innovation Inc A Non-Profit Public Marina Del Rey, CA | $69,746 | $167,644 |
Omentum Research Foundation San Gabriel, CA | $632,560 | $12,009 |
Western Geriatric Research Institute Encino, CA | $0 | $766 |