Brain Science Foundation Inc
- Assets
- $0.0
- Revenue
- $17.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 01/2010
- Data as of
- 09/2023
- EIN
- 27-1071028
Organization Overview
Brain Science Foundation Inc is located in Wellesley, MA. The organization was established in 2010. According to its NTEE Classification (G19) the organization is classified as: Support N.E.C., 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. Brain Science 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, Brain Science Foundation Inc generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $14.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (34.7%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTANCE FOR THE BENEFIT OF BRIGHAM & WOMEN'S HOSPITAL IN FURTHERANCE OF ITS CHARITABLE, SCIENTIFIC, & EDUCATIONAL PURPOSES IN THE BRAIN SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THE WORK AND GOALS OF THE INSTITUTE FOR THE NEUROSCIENCES AT MASSACHUSETTS GENERAL BRIGHAM IN BASIC AND CLINICAL RESEARCH, PROMISING NEW DIAGNOSTIC METHODS, TREATMENTS, AND OPPORTUNITIES TO IMPROVE THE QUALITY OF PATIENT CARE, RESEARCH, TREATMENT AND CURE FOR BRAIN TUMORS. THE BOARD OF DIRECTORS FOR THE BRAIN SCIENCE FOUNDATION INC VOTED AND APPROVED THE ENTITY WILL CLOSE AND CEASE OPERATIONS EFFECTIVELY 09/30/2023. ALL FINAL TAX RETURNS AND REQUIRED FILINGS WILL BE FILED AFTER THE CLOSING OF THE FISCAL YEAR (OR EARLIER). THE ENTITY WILL ALSO BE DISSOLVED WITH THE COMMONWEALTH OF MASSACHUSETTS ATTORNEY GENERAL'S OFFICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Aharonian Treasurer | Trustee | $0 | |
Diane Coletti Director | Trustee | $0 | |
Kathleen P Haley Vice Preside | OfficerTrustee | 1 | $0 |
Steven Haley President | OfficerTrustee | 3 | $0 |
Lynsey Cozens Clerk | Officer | 1 | $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 | $17,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,165 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,165 |
| 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 | $7,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,013 |
| Office expenses | $454 |
| Information technology | $985 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,640 |
| All other expenses | $0 |
| Total functional expenses | $14,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |