Brain Research Foundation
- Assets
- $24.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 03/1958
- Data as of
- 06/2021
- EIN
- 36-2477928
Organization Overview
Brain Research Foundation is located in Chicago, IL. The organization was established in 1958. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations. As of 06/2021, Brain Research Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brain Research Foundation 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, Brain Research Foundation generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $2.7m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF NEUROSCIENCE RESEARCH TO ADVANCE THE UNDERSTANDING OF BRAIN FUNCTION AND TREATMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRAIN RESEARCH FOUNDATION SUPPORTS PROFESSIONAL TRAINING, EDUCATION, AND RESEARCH BY PROVIDING START-UP MONEY FOR INNOVATIVE NEUROSCIENCE RESEARCH PROJECTS ACROSS THE BROAD SPECTRUM OF THESE ILLNESSES, INCLUDING BUT NOT LIMITED TO: ALS (LOU GEHRIG'S DISEASE), ALZHEIMER'S DISEASE, ATTENTION DEFICIT DISORDER, AUTISM, BIPOLAR DISORDER, DEPRESSION AND ANXIETY, EPILEPSY, HEAD INJURIES, PARKINSON'S DISEASE, SCHIZOPHRENIA, AND STROKE. ADVANCING SCIENCE IN THESE AREAS WILL HELP ALL HUMANS AFFLICTED WITH NEUROLOGICAL DISORDERS.
THE BRAIN RESEARCH FOUNDATION USES PROMOTIONS, MARKETING, AND PRINTED MATERIALS TO RAISE FUNDS FOR RESEARCH ON BRAIN-RELATED ILLNESSES AND TO EDUCATE THE PUBLIC ABOUT NEUROLOGICAL DISORDERS AND THE FOUNDATION ITSELF. OUR FUNDRAISING EFFORTS ARE TO HELP THE OVER 50 MILLION AMERICANS AFFLICTED WITH NEUROLOGICAL DISORDERS.
THE BRAIN RESEARCH FOUNDATION SUPPORTS EDUCATIONAL PROGRAMS FOR RESEARCHERS AND THE GENERAL PUBLIC THROUGH OUR WEBSITE, PRINTED MATERIALS AND SEMINARS. BRF SPONSORS AN ANNUAL NEUROSCIENCE DAY, WHICH EDUCATES RESEARCHERS WORKING ON THE BRAIN AND NERVOUS SYSTEM. THE FOUNDATION EDUCATES THE PUBLIC ON SUCH TOPICS AS AUTISM, STROKE AND SPORTS-RELATED BRAIN INJURIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terre Constantine Executive Director/ceo | Officer | 40 | $251,127 |
Sandra Jaggi Director Of Philanthropy | 40 | $119,223 | |
Peter B Pond Chairman | OfficerTrustee | 0.5 | $0 |
Norman R Bobins Vice Chairman | OfficerTrustee | 0.5 | $0 |
David D Olson Secretary | OfficerTrustee | 0.5 | $0 |
David H Fishburn Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $727,456 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $521,140 |
| Noncash contributions included in lines 1a–1f | $24,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,248,596 |
| Total Program Service Revenue | $0 |
| Investment income | $399,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,128,088 |
| Net Income from Fundraising Events | -$54,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,721,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,497,743 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,350 |
| Compensation of current officers, directors, key employees. | $289,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,787 |
| Pension plan accruals and contributions | $30,574 |
| Other employee benefits | $5,609 |
| Payroll taxes | $22,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,122 |
| Fees for services: Other | $24,215 |
| Advertising and promotion | $353,976 |
| Office expenses | $22,332 |
| Information technology | $11,277 |
| Royalties | $0 |
| Occupancy | $49,715 |
| Travel | $1,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,179 |
| Insurance | $7,934 |
| All other expenses | $0 |
| Total functional expenses | $2,665,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,465 |
| Savings and temporary cash investments | $369,851 |
| 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 | $24,391,733 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,200 |
| Total assets | $24,853,249 |
| Accounts payable and accrued expenses | $52,033 |
| Grants payable | $705,000 |
| 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 | $7,557 |
| Total liabilities | $764,590 |
| Net assets without donor restrictions | $21,386,200 |
| Net assets with donor restrictions | $2,702,459 |
| 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 | $24,853,249 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brain Research Foundation has recieved totaling $5,300.
| Awarding Organization | Amount |
|---|---|
Niamogue Foundation Chicago, IL PURPOSE: ANNUAL EVENT | $5,000 |
Bertha & Henry Brownstein Foundation Chicago, IL PURPOSE: GENERAL & UNRESTRICTED | $300 |
Endowment Analysis
| Beg. Balance | $1,875,267 |
| Earnings | $705,180 |
| Grants | $105,292 |
| Ending Balance | $2,475,155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brain Research Foundation Chicago, IL | $24,853,249 | $4,721,537 |
Dystonia Medical Research Foundation Chicago, IL | $6,898,919 | $2,942,734 |
Foundation Of The American Society Of Neuroradiology Oak Brook, IL | $9,784,060 | $807,677 |
Brain Center Of Green Bay Inc Green Bay, WI | $351,388 | $291,233 |
Central Brain Tumor Registry Of The United States Hinsdale, IL | $249,048 | $241,093 |
Head Injury Center For Prevention And Community Re-Entry Inc Chicago, IL | $3,120 | $0 |
Hannahs Hope Inc Portage, IN | $209,146 | $0 |
Families For Hope Inc Indianapolis, IN | $130,059 | $0 |
Jill Bolte Taylor Brains Inc Bloomington, IN | $84,654 | $0 |
Miracles In Progress Nfp Westchester, IL | $135,058 | $0 |