Institute For Applied Neurosciences
- Assets
- $646.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Charleston, SC
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 46-1014824
Organization Overview
Institute For Applied Neurosciences is located in Charleston, SC. The organization was established in 2014. 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 06/2022, Institute For Applied Neurosciences employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Applied Neurosciences 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 06/2022, Institute For Applied Neurosciences generated $1.2m 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 (5.9%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO APPLY SCIENTIFIC AND CLINICAL DISCOVERY TO CONCRETE NEUROSCIENCE PROBLEMS AND DEVELOP TECHNOLOGICAL ADVANCEMENTS THAT WILL MAKE A DIFFERENCE IN PATIENTS' LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH FOCUSED IN THE FIELD OF NEUROSCIENCES, PURSUANT TO A SPONSORED RESEARCH AGREEMENT FUNDED BY WHITE POINT TECHNOLOGIES, INC.
SCIENTIFIC RESEARCH FOCUSED IN THE FIELD OF NEUROSCIENCES
SCIENTIFIC RESEARCH FOCUSED IN THE FIELD OF NEUROSCIENCES, IN PARTICULAR TO ASSIST IN THE ADVANCEMENT OF THE BLINK SPEED MEASUREMENT TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Semler CEO | Officer | 40 | $303,000 |
Paul Asper Vice President | Officer | 40 | $205,000 |
William Himmelsbach Chairman | OfficerTrustee | 0.5 | $0 |
Joseph C Mcdonald Trustee | Trustee | 0.5 | $0 |
Paul Kohlheim Trustee | Trustee | 0.5 | $0 |
Andrew Mckenna Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $90,571 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,459 |
| Total Program Service Revenue | $508,539 |
| Investment income | -$7,147 |
| 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 | $1,214,851 |
| 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. | $508,000 |
| Compensation of current officers, directors, key employees. | $164,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $109,663 |
| Payroll taxes | $26,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105,496 |
| Fees for services: Accounting | $46,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,930 |
| Advertising and promotion | $0 |
| Office expenses | $11,531 |
| Information technology | $0 |
| Royalties | $52,903 |
| Occupancy | $20,571 |
| Travel | $620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $325 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,230 |
| Insurance | $12,001 |
| All other expenses | $0 |
| Total functional expenses | $1,348,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,166 |
| Accounts receivable, net | $194,799 |
| 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 | $8,518 |
| Net Land, buildings, and equipment | $89,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $182,683 |
| Other assets | $0 |
| Total assets | $646,779 |
| Accounts payable and accrued expenses | $341,365 |
| 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 | $341,365 |
| Net assets without donor restrictions | $305,414 |
| 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 | $646,779 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Humane Studies Arlington, VA | $19,221,469 | $20,882,389 |
American Diabetes Association Arlington, VA | $0 | $9,794,159 |
Rheumatology Research Foundation Atlanta, GA | $70,647,398 | $7,906,919 |
Research Triangle Foundation Of North Carolina Research Triangle Park, NC | $210,917,305 | $40,089,804 |
Medical Device Innovation Consortium Arlington, VA | $8,765,414 | $16,908,156 |
American Institute For Cancer Research Arlington, VA | $18,214,497 | $14,242,691 |
Diabetes Research Institute Foundation Inc Hollywood, FL | $35,361,806 | $13,874,959 |
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
Foundation For Atlanta Veterans Education And Research Inc Decatur, GA | $10,222,891 | $13,848,947 |
Johnston-Lee-Harnett Community Action Incorporated Smithfield, NC | $2,342,060 | $13,580,773 |
Empowerment Resource Center Inc Atlanta, GA | $7,163,867 | $11,556,811 |
Friedreichs Ataxia Research Alliance Fara Springfield, VA | $7,478,784 | $7,717,778 |