American Brain Foundation
- Assets
- $18.2m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/1993
- Data as of
- 12/2021
- 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. 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 12/2021, American Brain Foundation generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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 56 individual grants totaling $17,071,785. 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
THE MISSION OF THE AMERICAN BRAIN FOUNDATION IS TO ACCELERATE BREAKTHROUGH RESEARCH ON BRAIN DISEASE AND OPTIMIZE BRAIN HEALTH FOR ALL. WE ARE PASSIONATE ABOUT OUR MISSION AND BELIEVE THAT OUR VISION OF LIFE WITHOUT BRAIN DISEASE CAN BE ATTAINED. THE FOUNDATION ENJOYS A CLOSE RESEARCH PARTNERSHIP WITH OUR PRIMARY PARTNER, THE AMERICAN ACADEMY OF NEUROLOGY. THE ACADEMY'S SCIENCE COMMITTEE IS RESPONSIBLE FOR VETTING ALL OF THE RESEARCH GRANTS WE MAKE, ASSURING THAT FUND THE BEST AND BRIGHTEST SCIENTISTS. OUR MOTTO IS CURE ONE, CURE MANY. DRIVEN BY THE CERTAINTY THAT BRAIN DISEASES ARE INTERCONNECTED, OUR FOUNDATION INVESTS IN RESEARCH ON MECHANISMS SHARED BY MULTIPLE BRAIN DISEASES AND CONDITIONS, SETTING THE STAGE FOR NEW TREATMENTS FOR DISEASES THAT WERE PREVIOUSLY UNTREATABLE TO EMERGE. TO ASSURE THAT THE DISCOVERIES GENERATED FROM RESEARCH INVESTMENTS ARE DEVELOPED AND EXTENDED INTO THE FUTURE, IDENTIFYING AND FUNDING THE BEST RESEARCHERS IS A HIGH PRIORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS: IN 2021, THE AMERICAN BRAIN FOUNDATION FUNDED NEXT GENERATION RESEARCH GRANTS IN AMYOTROPHIC LATERAL SCLEROSIS (ALS); COGNITIVE AGING AND AGE-RELATED MEMORY LOSS; EPILEPSY; MIGRAINE; MULTIPLE SCLEROSIS; MYASTHENIA GRAVIS, NEURODISPARITIES; NEUROMUSCULAR DISEASE; PARKINSON'S DISEASE; STROKE; AND TOURETTE SYNDROME. THESE ARE TWO-YEAR CLINICAL INNOVATIVE RESEARCH PROJECTS THAT LAUNCH THE RESEARCH OF EARLY-CAREER INVESTIGATORS. EIGHTY-SIX PERCENT OF THE 300 THE FOUNDATION HAS FUNDED HAVE BEEN ABLE TO ATTAIN NIH FUNDING TO CONTINUE THE RESEARCH STARTED WITH OUR GRANTS. ALSO IN 2021, THE AMERICAN BRAIN FOUNDATION LED IN THE DEVELOPMENT 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 AND PROVIDED FINANCIAL SUPPORT TO LEADERS IN THE FIGHT AGAINST BRAIN DISEASE-BOTH SCIENTISTS AND MEMBERS OF THE PUBLIC. PUBLIC LEADERSHIP IN NEUROLOGY AWARD: THE AWARD HONORS AN INDIVIDUAL OR GROUP OUTSIDE OF THE MEDICAL PROFESSION KNOWN FOR ADVANCING PUBLIC UNDERSTANDING AND AWARENESS OF NEUROLOGICAL DISEASE, BEING EFFECTIVE ADVOCATES FOR NEUROSCIENCE RESEARCH, AND MAKING SIGNIFICANT CONTRIBUTIONS TO IMPROVE PATIENT CARE. DR. SANJAY GUPTA RECEIVED THE 2021 AWARD FOR HIS ROLE IN RAISING PUBLIC AWARENESS OF BRAIN HEALTH. AS A NEUROSURGEON AND NEUROSCIENTIST WHO HAS BECOME AMERICA'S DOCTOR, AND THROUGH HIS NEW BOOK, KEEP SHARP, DR. GUPTA HAS MADE A MASSIVE CONTRIBUTION TO THE PUBLIC'S AWARENESS OF BRAIN HEALTH FOR OVERALL HEALTH. COMMITMENT TO CURES AWARD: THIS AWARD HONORS AN INDIVIDUAL OR GROUP OUTSIDE THE MEDICAL PROFESSION KNOWN FOR THEIR OUTSTANDING PHILANTHROPY AND ADVOCACY FOR RESEARCH ON A NEUROLOGIC DISEASE. CINDY MCCAIN RECEIVED THE 2021 AWARD FOR HER AWARENESS-BUILDING AND PHILANTHROPIC WORK SHE HAS INITIATED FOR GLIOBLASTOMA. HER FUNDRAISING WORK HAS HELPED ADVANCE NEUROSCIENCE RESEARCH AND PATIENT CARE. SCIENTIFIC BREAKTHROUGH AWARD: THIS AWARD HONORS A SCIENTIST OR TEAM OF SCIENTISTS RESPONSIBLE FOR A SIGNIFICANT RESEARCH BREAKTHROUGH IN PREVENTING, CURING, OR TREATING A BRAIN DISEASE OR DISORDER. THE 2021 RECIPIENT WAS DR. PETER GOADSBY, MD, PHD. DR GOADSBY'S BASIC AND TRANSLATIONAL RESEARCH OVER THE PAST THREE DECADES LED TO THE SEMINAL DISCOVERY OF THE ROLE OF CALCITONIN GENE-RELATED PEPTIDE (CGRP) IN THE PATHOPHYSIOLOGY OF MIGRAINE AND ITS IDENTITY AS A TARGET FOR DRUG DEVELOPMENT. HE THEN LED THE DESIGN OF SEVERAL CLINICAL TRIALS THAT DEMONSTRATED THE EFFICACY AND SAFETY OF BOTH SMALL-MOLECULE CGRP RECEPTOR ANTAGONISTS (GEPANTS) AND MONOCLONAL ANTIBODIES TARGETING THE CGRP LIGAND OR ITS CANONICAL RECEPTOR. AS A RESULT, WITHIN THE PAST THREE YEARS, FOUR MONOCLONAL ANTIBODIES AND TWO GEPANTS HAVE BEEN APPROVED FOR THE PREVENTIVE AND ACUTE TREATMENT OF MIGRAINE, RESPECTIVELY, AND THE LIVES OF COUNTLESS PATIENTS AROUND THE WORLD HAVE BEEN CHANGED ASSOCIATION OF INDIAN NEUROLOGISTS IN AMERICA LIFETIME ACHIEVEMENT AWARD: THIS AWARD IS GIVEN TO A NORTH AMERICAN NEUROLOGIST DEDICATED TO ADVANCING THE TRAINING OF NORTH AMERICAN NEUROLOGISTS OF INDIAN ORIGIN AND PROMOTING INNOVATION AND RESEARCH IN THE FIELD OF NEUROLOGY. THE 2021 RECIPIENTS WERE DR. SEEMANT CHATURVEDIT, MD FROM AND DR. MANMOHAN NAYYAR, MD, FAAN, MBA, MHA MRIDHA SPIRIT OF NEUROLOGY AWARD: THIS HUMANITARIAN AWARD RECOGNIZES NEUROLOGISTS OR NEUROSCIENTISTS WHO HAVE SERVED A DISTRESSED, DESTITUTE, OR MARGINALIZED POPULATION, OR HAVE PROVIDED CARE IN IMPOVERISHED COMMUNITIES OF THE WORLD. THE 2021 RECIPIENTS WERE DR. FARRAH MATEEN, MD, PHD, DR. DEANNA SAYLOR, MD, MHS, AND DR. SANJAY P. SINGH, MD, FAAN, FANA. TED BURNS HUMANISM IN NEUROLOGY AWARD: THIS AWARD AIMS TO CELEBRATE NEUROLOGISTS WHOSE WORK EMBODIES HUMANISM IN PATIENT CARE, EDUCATION, ADVOCACY, AND EVERYDAY ENCOUNTERS. THE 2021 RECIPIENT WAS DR. JOHN QUINLAN, MD. AMERICAN ACADEMY OF NEUROLOGY SCIENTIFIC AWARDS: THE AMERICAN BRAIN FOUNDATION UNDERWROTE THE AMERICAN ACADEMY OF NEUROLOGY'S PRESTIGIOUS SCIENTIFIC AWARDS, INCLUDING THE INTERNATIONALLY KNOWN POTAMKIN PRIZE IN PICK'S, ALZHEIMER'S, AND RELATED DISEASES, AND THE SHEILA ESSEY AWARD FOR RESEARCH IN ALS. OTHER AWARDS INCLUDED: 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, JON STOLK AWARD IN MOVEMENT DISORDERS FOR YOUNG INVESTIGATORS, FOUNDERS AWARD, NEURO-ONCOLOGY INVESTIGATOR AWARD, NEURO-ONCOLOGY SCIENTIFIC AWARD, NEUROINFECTIOUS DISEASE AWARD, KENNETH M. VISTE JR, MD, PATIENT ADVOCATE OF THE YEAR AWARD.
PUBLIC OUTREACH: THE 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, BRAIN HEALTH TIPS, AND INSPIRING STORIES FROM PATIENTS, CAREGIVERS, AND LOVED ONES. THE FOUNDATION PRODUCED FREE MONTHLY WEBINARS WITH NEUROLOGY EXPERTS FOR THE PUBLIC ON TOPICS SUCH AS, THE LATEST RESEARCH IN ALZHEIMER'S & DEMENTIA, HOW GRIEF IMPACTS THE BRAIN, AND CONCUSSION IN SPORT. THE COMMITMENT TO CURES GALA WAS HOSTED VIRTUALLY DUE TO THE COVID-19 PANDEMIC AND REACHED AN INTERNATIONAL AUDIENCE OF OVER 1,100 VIEWERS. ALL KEY PERFORMANCE INDICATORS FOR PUBLIC OUTREACH SIGNIFICANTLY EXCEEDED GOALS. COMPARING 2021 TO 2020, SOCIAL MEDIA FOLLOWERS INCREASED 95%, WEBSITE TRAFFIC INCREASED 92%, AND EMAIL SUBSCRIBERS INCREASED 31%
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Ransom Executive Director | Officer | 41 | $295,079 |
Emily Christian Director, Advancement And External Relations | Officer | 40 | $121,630 |
David D Dodick Chair | OfficerTrustee | 1 | $0 |
Susan Schneider Williams Vice Chair | OfficerTrustee | 0.75 | $0 |
James Essey Treasurer | OfficerTrustee | 0.75 | $0 |
Kevin P Goodno Past Chair & Trustee | OfficerTrustee | 0.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Academy Of Neurology Management Services & Occupancy | 12/30/21 | $230,972 |
Yakkety Yak Full Service Digital Marketing Agency | 12/30/21 | $565,155 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $171,632 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,864,288 |
| Noncash contributions included in lines 1a–1f | $1,495 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,035,920 |
| Total Program Service Revenue | $0 |
| Investment income | $441,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,460,619 |
| Net Income from Fundraising Events | -$56,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,882,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,240,973 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $481,382 |
| Compensation of current officers, directors, key employees. | $188,707 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $423,341 |
| Pension plan accruals and contributions | $40,465 |
| Other employee benefits | $82,203 |
| Payroll taxes | $52,970 |
| Fees for services: Management | $59,276 |
| Fees for services: Legal | $28,761 |
| Fees for services: Accounting | $108,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,508 |
| Fees for services: Investment Management | $4,819 |
| Fees for services: Other | $431,523 |
| Advertising and promotion | $136,847 |
| Office expenses | $276,094 |
| Information technology | $19,552 |
| Royalties | $0 |
| Occupancy | $17,291 |
| Travel | $1,191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,029 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,349 |
| Insurance | $6,559 |
| All other expenses | $0 |
| Total functional expenses | $4,478,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,804 |
| Savings and temporary cash investments | $2,018,103 |
| Pledges and grants receivable | $4,158,026 |
| Accounts receivable, net | $66,746 |
| 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 | $38,631 |
| Net Land, buildings, and equipment | $12,450 |
| Investments—publicly traded securities | $11,230,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,178,228 |
| Accounts payable and accrued expenses | $154,343 |
| Grants payable | $1,492,927 |
| Deferred revenue | $4,250 |
| 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 | $1,651,520 |
| Net assets without donor restrictions | $5,880,256 |
| Net assets with donor restrictions | $10,646,452 |
| 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 | $18,178,228 |
Grants Awarded
Over the last fiscal year, American Brain Foundation has awarded $2,245,008 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: Clinical Research Training Scholarships, Scientific Awards, and Nonscientific awards for work on diseases of the brain and nervous system. See Part IV for more details. | $2,046,160 |
New York, NY PURPOSE: Clinical Scientist Development Award in Multiple Sclerosis Grant | $75,000 |
Dallas, TX PURPOSE: Lawrence M. Brass Awards for Cardiovascular and Stroke Research | $73,848 |
Bayside, NY PURPOSE: Clinical Scientist Development Award in Tourette Syndrome Grant | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that American Brain Foundation has recieved totaling $5,006,028.
| Awarding Organization | Amount |
|---|---|
Alzheimers Disease And Related Disorders Association Inc Chicago, IL PURPOSE: PROGRAM SUPPORT | $1,531,667 |
American Academy Of Neurology Institute Minneapolis, MN PURPOSE: Grant | $1,250,000 |
Michael J Fox Foundation For Parkinsons Research New York, NY PURPOSE: PARKINSON'S RESEARCH | $1,000,000 |
Parkinsons Foundation Inc Miami, FL | | $200,000 |
Amyotrophic Lateral Sclerosis Assn Arlington, VA PURPOSE: CLINICAL SCIENTIST DEVELOPMENT AWARD | $168,000 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $150,000 |
Endowment Analysis
| Beg. Balance | $4,028,837 |
| Earnings | $597,232 |
| Admin Expense | $30,540 |
| Net Contributions | $380,695 |
| Grants | $88,190 |
| Ending Balance | $4,888,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Brain Foundation Minneapolis, MN | $18,178,228 | $8,882,210 |
Sanford Fargo, ND | $3,399,370 | $3,043,326 |
Neuro Developmental Treatment Association Inc Middleton, WI | $686,593 | $1,016,511 |
The Association Of Indian Neurologists In America Kimberly, WI | $207,657 | $0 |
Neuroscience Research Foundation Roseville, MN | $26,643 | $61 |