Neurosurgery Research And Education Foundation
- Assets
- $13.9m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Rolling Meadows, IL
- Founding
- 07/2014
- Data as of
- 06/2020
- 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 06/2020, Neurosurgery Research And Education Foundation generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.9m during the year ending 06/2020. While expenses have increased by 2.4% per year over the past 6 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 155 individual grants totaling $9,808,375. 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
2020
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:
Part 3 - Line 4a
-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 |
Anthony L Asher Treasurer | OfficerTrustee | 2.5 | $0 |
Gregory J Zipfel Secretary | OfficerTrustee | 2.5 | $0 |
Kathleen T Craig CEO | Officer | 5 | $0 |
Dennis J Rizzo CFO | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Piedmont Healthcare Foundation Inc Health Education Services | 6/29/21 | $886,000 |
Rush University Medical Center Health Services | 6/29/21 | $130,000 |
University Of Miami Office Of Research Health Services | 6/29/21 | $117,500 |
Duke University Health Services | 6/29/21 | $102,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,627,946 |
| Investment income | $264,461 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,377 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,635,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $113,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $100,000 |
| Benefits paid to or for members | $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 | $45,790 |
| Fees for services: Accounting | $5,932 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $40,841 |
| Fees for services: Other | $9,750 |
| Advertising and promotion | $1,489 |
| Office expenses | $52,213 |
| Information technology | $9,061 |
| Royalties | $0 |
| Occupancy | $216,964 |
| Travel | $177,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,370 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,936,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,026,062 |
| Accounts receivable, net | $3,161,257 |
| 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 | $11,726 |
| Investments—publicly traded securities | $9,145,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,869,571 |
| Accounts payable and accrued expenses | $851,084 |
| Grants payable | $2,036,823 |
| 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 | $386,457 |
| Total liabilities | $3,274,364 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $10,595,207 |
Grants Awarded
Over the last fiscal year, Neurosurgery Research And Education Foundation has awarded $1,634,250 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: NREF 2021 Medical Student Summer Research Fellowship, NREF Clinical Fellowship Grant | $202,500 |
Chicago, IL PURPOSE: NREF 2021 Medical Student Summer Research Fellowship, NREF Clinical Fellowship Grant | $142,500 |
Los Angeles, CA PURPOSE: NREF Clinical Fellowship Grant | $140,000 |
Coral Gables, FL PURPOSE: NREF Clinical Fellowship Grant | $140,000 |
Evanston, IL PURPOSE: NREF Clinical Fellowship Grant, NREF Research Fellowship and Young Clinician Investigator Award | $110,000 |
San Francisco, CA PURPOSE: NREF Clinical Fellowship Grant, NREF 2021 Medical Student Summer Research Fellowship, NREF Research Fellowship and Young Clinician Investigator Award | $110,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Neurosurgery Research And Education Foundation has recieved totaling $177,569.
| Awarding Organization | Amount |
|---|---|
Stachestrong Inc Vestal, NY PURPOSE: SUPPORT BRAIN CANCER RESEARCH | $100,000 |
Southeastern Brain Tumor Foundation Inc Atlanta, GA PURPOSE: BRAIN TUMOR RESEARCH | $52,500 |
Integra Foundation Inc Princeton, NJ PURPOSE: 2022 DAVID KLINE RESEARCH AWARD AND SYMPOSIUM - SUPPORT FOR BASIC OR CLINICAL RESEARCH RELATED TO PERIPHERAL NERVES | $15,000 |
Lenke Family Foundation New York, NY PURPOSE: UNRESTRICTED USE IN EXEMPT PURPOSE | $5,000 |
Janusz A Subczynski Md F A C S Neuroscience Foundation Grosse Pointe Woods, MI PURPOSE: GENERAL | $4,419 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neurosurgery Research And Education Foundation Rolling Meadows, IL | $13,869,571 | $3,635,284 |
Society Of Vascular And Interventional Neurology Chicago, IL | $1,967,541 | $1,964,716 |
Neurosurgery Foundation At Goodman Campbell Inc Carmel, IN | $6,325,587 | $1,889,082 |
Neuro Developmental Treatment Association Inc Middleton, WI | $686,593 | $1,016,511 |
Neurosurgical Atlas Inc Carmel, IN | $4,279,212 | $3,648,134 |
Neurofibromatosis Midwest St Charles, IL | $317,579 | $220,690 |
The Association Of Indian Neurologists In America Kimberly, WI | $207,657 | $0 |
Society For Behavioral Neuroendocrinology Schaumburg, IL | $263,736 | $0 |
Adams Brain Charity Speedway, IN | $2,621 | $500 |