Neurosurgery Research And Education Foundation
- Assets
- $17.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Rolling Meadows, IL
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-2905743
Organization Overview
Neurosurgery Research And Education Foundation is located in Rolling Meadows, IL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neurosurgery Research And Education 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 06/2022, Neurosurgery Research And Education Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 3.3% 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 2015, Neurosurgery Research And Education Foundation has awarded 179 individual grants totaling $10,895,125. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE LIVES BY ADVANCING NEUROSURGICAL CARE THROUGH THE FUNDING OF RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
-TO PROVIDE A PRIVATE, NON-GOVERNMENTAL SOURCE OF FUNDING FOR RESEARCH TRAINING IN THE NEUROSCIENCES RELATED TO THE FIELD OF NEUROLOGICAL SURGERY;-TO ENSURE THE CONTINUED VIABILITY AND EXPANSION OF THE FIELD OF NEUROLOGICAL SURGERY BASED ON FUNDAMENTAL RESEARCH IN THE BASIC SCIENCES AND CLINICAL ENTERPRISES PERTINENT TO NEUROSURGERY;-TO AUGMENT SUPPORT FOR RESEARCH ENDEAVORS BY THE NEUROSURGICAL COMMUNITY;-TO STIMULATE LEARNING BY NEUROSURGEONS AND ENHANCE EDUCATIONAL OPPORTUNITIES FOR THEM THROUGHOUT THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Groff Chair | OfficerTrustee | 2.5 | $0 |
Charles L Branch Jr Vice-Chair | OfficerTrustee | 2.5 | $0 |
Sepideh Amin-Hanjani Treasurer | OfficerTrustee | 2.5 | $0 |
Gregory J Zipfel Secretary | OfficerTrustee | 2.5 | $0 |
Aviva Abosch Director | Trustee | 2.5 | $0 |
Adam S Arthur Director | Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Duke University Health Services | 6/29/21 | $102,500 |
University Of Miami Office Of Research Health Services | 6/29/21 | $117,500 |
Rush University Medical Center Health Services | 6/29/21 | $130,000 |
Piedmont Healthcare Foundation Inc Health Education Services | 6/29/21 | $886,000 |
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 | $1,994,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,994,440 |
| Total Program Service Revenue | $556,989 |
| Investment income | $239,005 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,790 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,938,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,901,000 |
| Grants and other assistance to domestic individuals. | $154,616 |
| 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 | $18,918 |
| Fees for services: Accounting | $6,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $76,621 |
| Fees for services: Other | $36,692 |
| Advertising and promotion | $0 |
| Office expenses | $51 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $115,074 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $137,382 |
| Total functional expenses | $3,190,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $958,890 |
| Accounts receivable, net | $3,260,205 |
| 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 | $12,025,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,113,606 |
| Accounts payable and accrued expenses | $1,039,229 |
| Grants payable | $2,271,773 |
| 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 | $383,816 |
| Total liabilities | $3,694,818 |
| Net assets without donor restrictions | $2,717,971 |
| Net assets with donor restrictions | $10,700,817 |
| 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 | $17,113,606 |
Grants Awarded
Over the last fiscal year, Neurosurgery Research And Education Foundation has awarded $1,878,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
BRIGHAM & WOMEN'S HOSPITAL MASS HOSPITAL HARVARD UNIVERSITY PURPOSE: Medical Student Summer Research grants, 2022-23 NREF & StacheStrong Research Fellowship Grant on behalf of the AANS/CNS Section on Tumors | $55,000 |
BROWN UNIVERSITYRHODE ISLAND HOSPITAL PURPOSE: NREF Clinical Fellowship Grant - Globus Medical | $60,000 |
CAROLINA CRANIOSPINAL NEUROSURGERY PURPOSE: NREF Directed Residency Scholarship | $12,000 |
CAROLINA NEUROSURGERY & SPINE EDUCATION AND RESEARCH FOUNDATION PURPOSE: NREF Directed Residency Scholarship | $15,000 |
CEDARS-SINAI MEDICAL CENTER PURPOSE: NREF Clinical Fellowship Grant - Globus Medical, NREF Clinical Fellowship Grant - Medtronic | $135,000 |
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: 2022-23 NREF & AANS/CNS Section on Pediatric Neurological Surgery Young Clinician Investigator Award | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neurosurgery Research And Education Foundation Rolling Meadows, IL | $17,113,606 | $2,938,037 |
Neurosurgery Foundation At Goodman Campbell Inc Carmel, IN | $6,206,379 | $2,347,213 |
Neurofibromatosis Midwest St Charles, IL | $293,598 | $241,223 |
The Association Of Indian Neurologists In America Kimberly, WI | $199,830 | $0 |
Society For Behavioral Neuroendocrinology Schaumburg, IL | $213,615 | $0 |
Adams Brain Charity Speedway, IN | $2,215 | $0 |