American Brain Foundation
- Assets
- $21.9m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- 05/1993
- Data as of
- 12/2023
- EIN
- 41-1717098
Organization Overview
American Brain Foundation is located in Minneapolis, MN. The organization was established in 1993. According to its NTEE Classification (H96) the organization is classified as: Neurology & Neuroscience Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, American Brain Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Brain 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 12/2023, American Brain Foundation generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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.
Since 2014, American Brain Foundation has awarded 65 individual grants totaling $26,070,826. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE BREAKTHROUGH RESEARCH ON BRAIN DISEASE AND OPTIMIZE BRAIN HEALTH FOR ALL. ABF FUNDS THE BEST AND BRIGHTEST SCIENTISTS TO MAKE A LASTING IMPACT ON PUBLIC HEALTH AND OUR COLLECTIVE KNOWLEDGE OF THE BRAIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: IN 2023, THE AMERICAN BRAIN FOUNDATION FUNDED NEXT GENERATION RESEARCH GRANTS IN AMYOTROPHIC LATERAL SCLEROSIS (ALS); ALZHEIMER'S; COGNITIVE AGING AND AGE-RELATED MEMORY LOSS; EPILEPSY; FRONTOTEMPORAL DEGENERATION; LEWY BODY DEMENTIA; MIGRAINE; MULTIPLE SCLEROSIS; MUSCULAR DYSTROPHY; NEUROMUSCULAR DISEASE; PARKINSON'S DISEASE; PERIPHERAL NEUROPATHY; STROKE; TOURETTE SYNDROME; AND NEUROLOGICAL HEALTHCARE DISPARITIES. THESE ARE TWO- AND THREE-YEAR INNOVATIVE CLINICAL RESEARCH PROJECTS THAT LAUNCH RESEARCH CAREERS. OVER 95% OF THE NEARLY 300 INVESTIGATORS THE FOUNDATION HAS FUNDED HAVE RECEIVED ADDITIONAL RESEARCH FUNDING FROM THE NIH AND OTHER ENTITIES TO CONTINUE THE RESEARCH STARTED WITH OUR GRANTS. THE AMERICAN BRAIN FOUNDATION ALSO CONTINUED TO LEAD THE DEVELOPMENT AND FUNDING OF AN INITIATIVE TO FIND A BIOMARKER FOR THE EARLY DIAGNOSIS OF LEWY BODY DEMENTIA WITH PARTNERS THE ALZHEIMER'S ASSOCIATION, THE MICHAEL J. FOX FOUNDATION, AND THE AMERICAN ACADEMY OF NEUROLOGY. WE EXPECT THIS RESEARCH TO LEAD TO MORE CLARITY AND EFFECTIVE THERAPIES FOR PEOPLE STRUGGLING WITH LBD, AND TO INCREASE OUR UNDERSTANDING OF OTHER NEURODEGENERATIVE BRAIN DISEASES, SUCH AS ALZHEIMER'S DISEASE AND PARKINSON'S DISEASE.
AWARDS: THE AMERICAN BRAIN FOUNDATION HONORED LEADERS IN THE FIGHT AGAINST BRAIN DISEASE-BOTH SCIENTISTS AND MEMBERS OF THE PUBLIC. AMONG THESE WERE THE PRESTIGIOUS POTAMKIN PRIZE IN PICK'S, ALZHEIMER'S, AND RELATED DISEASES, AND THE SHEILA ESSEY AWARD FOR RESEARCH IN ALS. OTHER AWARDS INCLUDED THE PUBLIC LEADERSHIP IN NEUROLOGY AWARD, GIVEN TO ARIANNA HUFFINGTON FOR RAISING PUBLIC AWARENESS OF THE IMPORTANCE OF SLEEP AND BRAIN HEALTH, AND THE SCIENTIFIC BREAKTHROUGH AWARD, GIVEN TO JOSEP DALMAU, MD, PHD AND VANDA LENNON, MD, PHD FOR TRANSFORMING THE FIELD OF AUTOIMMUNE AND PARANEOPLASTIC NEUROLOGY. WE ALSO GAVE HUMANITARIAN AND LIFETIME ACHIEVEMENT AWARDS, INCLUDING THE ASSOCIATION OF INDIAN NEUROLOGISTS IN AMERICAN LIFETIME ACHIEVEMENT AWARD; THE MRIDHA SPIRIT OF NEUROLOGY AWARD; AND THE TED M. BURNS HUMANISM IN NEUROLOGY AWARD, AND UNDERWROTE NUMEROUS AAN SCIENTIFIC AWARDS, INCLUDING THE DREIFUSS-PENRY EPILEPSY AWARD; NORMAN GESCHWIND PRIZE IN BEHAVIORAL NEUROLOGY; MITCHELL B. MAX AWARD FOR NEUROPATHIC PAIN; MOVEMENT DISORDERS RESEARCH AWARD; MICHAEL S. PESSIN STROKE LEADERSHIP PRIZE; SLEEP SCIENCE AWARD, NEURO-ONCOLOGY SCIENTIFIC AWARD, NEUROINFECTIOUS DISEASE AWARD, AND MANY OTHERS.
PUBLIC OUTREACH: THE AMERICAN BRAIN FOUNDATION CONTINUED TO INVEST IN A LARGE-SCALE PUBLIC AWARENESS CAMPAIGN WITH THE PURPOSE OF EDUCATING THE PUBLIC ABOUT THE NEED FOR BRAIN DISEASE RESEARCH. THE MULTI-CHANNEL CAMPAIGN PROVIDED RESOURCES AND INFORMATION ABOUT BRAIN DISEASES AND DISORDERS, THE LATEST BRAIN RESEARCH NEWS, AND STORIES FROM PATIENTS AND CAREGIVERS. THE AMERICAN BRAIN FOUNDATION PRODUCED FREE MONTHLY WEBINARS WITH NEUROLOGY EXPERTS FOR THE PUBLIC ON TOPICS SUCH AS DEEP BRAIN STIMULATION, SLEEP AND THE BRAIN, AND MIGRAINE RESEARCH AND TREATMENT. THE COMMITMENT TO CURES GALA WAS A HYBRID EVENT AND WAS ATTENDED BY NEARLY 2,000 PEOPLE AND RAISED OVER $850,000. ALL KEY PERFORMANCE INDICATORS FOR PUBLIC OUTREACH EXCEEDED GOALS. COMPARING 2022 TO 2021, SOCIAL MEDIA FOLLOWERS INCREASED 51%, WEBSITE TRAFFIC INCREASED 50%, AND EMAIL SUBSCRIBERS INCREASED 31%.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Ransom Executive Director | Officer | 41 | $371,331 |
Emily Christian Deputy Director | 37 | $143,081 | |
David D Dodick Chair | OfficerTrustee | 1.5 | $0 |
Ben Lenail Vice Chair | OfficerTrustee | 1 | $0 |
James Essey Treasurer | OfficerTrustee | 1 | $0 |
Jacqueline French Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yakkety Yak Full Service Digital Marketing Agency | 12/30/23 | $528,500 |
American Academy Of Neurology Management Services & Occupancy | 12/30/23 | $248,741 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $443,150 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,677,442 |
| Noncash contributions included in lines 1a–1f | $2,018,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,120,592 |
| Total Program Service Revenue | $0 |
| Investment income | $419,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,553 |
| Net Income from Fundraising Events | -$142,647 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,383,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,399,988 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $419,086 |
| Compensation of current officers, directors, key employees. | $176,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $645,992 |
| Pension plan accruals and contributions | $70,890 |
| Other employee benefits | $88,589 |
| Payroll taxes | $63,573 |
| Fees for services: Management | $47,850 |
| Fees for services: Legal | $28,776 |
| Fees for services: Accounting | $130,464 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $41,250 |
| Fees for services: Investment Management | $8,762 |
| Fees for services: Other | $569,415 |
| Advertising and promotion | $58,893 |
| Office expenses | $197,120 |
| Information technology | $44,390 |
| Royalties | $0 |
| Occupancy | $39,700 |
| Travel | $48,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,827 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,360 |
| All other expenses | $9,177 |
| Total functional expenses | $4,956,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,007,855 |
| Savings and temporary cash investments | $5,128,619 |
| Pledges and grants receivable | $4,671,369 |
| Accounts receivable, net | $228,313 |
| 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 | $61,532 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,820,854 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,918,542 |
| Accounts payable and accrued expenses | $199,979 |
| Grants payable | $2,242,216 |
| Deferred revenue | $7,700 |
| 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 | $2,449,895 |
| Net assets without donor restrictions | $7,718,793 |
| Net assets with donor restrictions | $11,749,854 |
| 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 | $21,918,542 |
Grants Awarded
Over the last fiscal year, American Brain Foundation has awarded $2,352,351 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF NEUROLOGY INSTITUTE PURPOSE: Clinical Research Training Scholarships, Scientific Awards, and Non Scientific Awards for work on diseases of the brain and nervous system. See Part IV for more details. | $2,260,973 |
NATIONAL MULTIPLE SCLEROSIS SOCIETY PURPOSE: Clinician Scientist Development Award in Multiple Sclerosis | $75,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: Funding grant for research in Alzheimer's and related neurodegenerative disorders | $16,378 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Brain Foundation Minneapolis, MN | $21,918,542 | $10,383,820 |
Sanford Fargo, ND | $3,399,370 | $3,043,326 |
The Association Of Indian Neurologists In America Kimberly, WI | $199,830 | $0 |
North American Academy Of Neural Therapy Stillwater, MN | $31,582 | $0 |
Neuroscience Research Foundation Roseville, MN | $24,802 | $0 |