Neuronetworks Fund Inc
- Assets
- $156.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 46-4189615
Organization Overview
Neuronetworks Fund Inc is located in New Canaan, CT. The organization was established in 2015. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders 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. Neuronetworks Fund Inc 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, Neuronetworks Fund Inc generated $41.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $26.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE HAVE ACHIEVED THE FORMATION AND FINANCING OF A YALE SPIN OUT COMPANY CALLED MINDNEST HEALTH, A COMPANY FOCUSED ON DEVELOPING DIGITAL THERAPEUTICS TO TREAT AUTISTIC CHILDREN WITH BEHAVIORAL DISORDERS - $13,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Horsburgh Director, President, Inves | 1 | $0 | |
Marina Bozlilenko Director | 8 | $0 | |
Jane Jablons Director | 8 | $0 | |
Sandra Panem Director, President, Inves | 10 | $0 | |
Peder Jensen Director | 8 | $0 | |
Michele Kong Director | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,247 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $41,247 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,135 |
| Total expenses | $26,135 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,001 |
| Other assets | $0 |
| Total assets | $156,501 |
| Total liabilities | $0 |
| Net assets or fund balances | $156,501 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Neuronetworks Fund Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $100,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tisch Multiple Sclerosis Research Center Of New York Inc New York, NY | $14,119,730 | $12,621,293 |
Apbd Research Foundation Brooklyn, NY | $480,862 | $398,154 |
Ibrea Foundation New York, NY | $1,239,920 | $344,213 |
Pierce Family Fragile X Foundation Inc Winchester, MA | $47,634 | $0 |
Charles Maddock Foundation New York, NY | $0 | $391 |
Neuronetworks Fund Inc New Canaan, CT | $156,501 | $0 |
A Round Fore Awareness Inc Southbury, CT | $0 | $624 |
Cure Developmental Brain Defects Now Foundation New York, NY | $637 | $160 |
Broderick Brain Foundation Bronx, NY | $2,036 | $1,200 |