Harvard Neurodiscovery Center Inc
- Assets
- $3.3m
- Revenue
- $139.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 31-1745145
Organization Overview
Harvard Neurodiscovery Center Inc is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (H96) the organization is classified as: Neurology & Neuroscience Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvard Neurodiscovery Center 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 06/2021, Harvard Neurodiscovery Center Inc generated $139.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (38.8%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Harvard Neurodiscovery Center Inc has awarded 29 individual grants totaling $4,041,271. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEUROSCIENCE-RELATED RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL RESEARCH PROGRAMS, INCLUDING, BUT NOT LIMITED TO, THE LABORATORY FOR DRUG DISCOVERY NEURODEGENERATION PROGRAM, THE 3T MRI AND PET PROGRAM, THE BIOMARKER PROGRAM, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Q Daley MD President | OfficerTrustee | 1 | $0 |
David Smallwood Treasurer | OfficerTrustee | 1 | $0 |
Lynn Wood Harwell Clerk | OfficerTrustee | 1 | $0 |
Jeffrey W Harper Trustee | Trustee | 1 | $0 |
Michael E Greenberg Trustee | Trustee | 1 | $0 |
Dennis J Selkoe MD Trustee | Trustee | 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 | $125,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,681 |
| Total Program Service Revenue | $0 |
| Investment income | $14,012 |
| 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 | $139,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,348,961 |
| 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 | $14,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $83,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | -$4,992 |
| 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 | $45,703 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,635,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,814,771 |
| 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 | $139,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,379,804 |
| Total assets | $3,333,990 |
| Accounts payable and accrued expenses | $4,279 |
| 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 | $4,279 |
| Net assets without donor restrictions | -$19,103,880 |
| Net assets with donor restrictions | $22,433,591 |
| 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 | $3,333,990 |
Grants Awarded
Over the last fiscal year, Harvard Neurodiscovery Center Inc has awarded $1,348,961 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: GRANTS FOR RESEARCH PROGRAMS | $1,088,272 |
Boston, MA PURPOSE: GRANTS FOR RESEARCH PROGRAMS | $155,104 |
Boston, MA PURPOSE: GRANTS FOR RESEARCH PROGRAMS | $42,880 |
Boston, MA PURPOSE: GRANTS FOR RESEARCH PROGRAMS | $24,446 |
Cambridge, MA PURPOSE: GRANTS FOR RESEARCH PROGRAMS | $22,679 |
Somerville, MA PURPOSE: GRANTS FOR RESEARCH PROGRAMS | $8,229 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harvard Neurodiscovery Center Inc has recieved totaling $1,267,974.
| Awarding Organization | Amount |
|---|---|
Fidelity Non-Profit Management Foundation Boston, MA PURPOSE: MEDICAL RESEARCH | $1,267,974 |
Endowment Analysis
| Beg. Balance | $9 |
| Ending Balance | $9 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Winifred Masterson Burke Medical Research White Plains, NY | $9,563,124 | $17,375,898 |
Institute For Neurodegenerative Disorders Inc New Haven, CT | $7,010,755 | $8,708,583 |
Regenerative Research Foundation Rensselaer, NY | $4,518,761 | $5,099,449 |
Foundation For Neurologic Diseases Newburyport, MA | $42,372,654 | $7,178,078 |
Dent Neurosciences Research Center Inc Amherst, NY | $5,193,271 | $2,403,366 |
Harvard Neurodiscovery Center Inc Boston, MA | $3,333,990 | $139,693 |
Pediatric Neurotransmitter Disease Association Inc Farmingdale, NY | $0 | $2,481 |
Sumaira Foundation Somerville, MA | $356,004 | $309,923 |
International Behavioural And Neural Genetics Society Corporatio Wakefield, MA | $171,226 | $0 |
Chiari & Syringomyelia Research Foundation Inc West Seneca, NY | $321,935 | $0 |
Thames Neurological Institute Inc Norwich, CT | $2,632 | $13,042 |
Alliance For The Study Of Cognitive Disorders Inc New York, NY | $147,333 | $0 |