Charlotte Neuroscience Association Inc
- Assets
- $3.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Charlotte, NC
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-4329944
Organization Overview
Charlotte Neuroscience Association Inc is located in Charlotte, NC. The organization was established in 2014. According to its NTEE Classification (G83) the organization is classified as: Alzheimers Disease, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Charlotte Neuroscience Association Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Neuroscience Association 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 06/2022, Charlotte Neuroscience Association Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 31.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPACT THE LIVES OF INDIVIDUALS LIVING WITH COGNITIVE IMPAIRMENT AND MOVEMENT DISORDERS AS WELL AS THOSE WHO CARE FOR THEM, TO PROVIDE PATIENTS WITH SPECIALIZED MEDICAL CARE THROUGH AN IN-DEPTH ASSESSMENT OF THE MEDICAL, SAFETY AND BEHAVIORAL NEEDS OF THE PATIENTS AND TO SUPPORT CAREGIVERS AND THE WHOLE FAMILY WITH EDUCATION, COUNSELING, AND IMPROVED ACCESS TO SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARLOTTE NEUROSCIENCE FOUNDATION (DBA MEMORY & MOVEMENT CHARLOTTE) IS A NON-PROFIT MEDICAL PRACTICE THAT OFFERS TREATMENT AND SUPPORT TO PATIENTS AND THEIR FAMILIES BATTLING ALZHEIMERS DISEASE, PARKINSONS DISEASE, AND RELATED DISORDERS. USING A TIME-AND-ATTENTION MODEL, MEMORY & MOVEMENT CHARLOTTE IS DEVOTED TO MEETING THE MEDICAL, SAFETY AND BEHAVIORAL NEEDS OF PATIENTS AND DEVELOPS A PATIENT-CENTRIC CARE PLAN AS A ROADMAP TO ADDRESS EVERY ASPECT OF THE PATIENTS NEEDS. IN CONCERT WITH PATIENT CARE, CAREGIVERS RECEIVE CONTINUING EDUCATION, TIME TO ASK QUESTIONS AND EXPRESS CONCERN THROUGHOUT THE CAREGIVING JOURNEY. MEMORY & MOVEMENT CHARLOTTE HAS THREE PHYSICIAN LED CLINICAL TEAMS CARING FOR OVER 900 PATIENTS AND 2700 CAREGIVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Iyer Medical Director | 40 | $310,013 | |
Aristides Chaconas Physician | 40 | $273,077 | |
Charles Edwards II Physician | 32 | $125,000 | |
Janet Leclair Executive Dir. | Officer | 40 | $106,310 |
Nancy Downing Chair | OfficerTrustee | 0.5 | $0 |
Teresa Starr Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,311,233 |
| Noncash contributions included in lines 1a–1f | $47,254 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,611,233 |
| Total Program Service Revenue | $1,800,139 |
| Investment income | $383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$130,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,290,485 |
| 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. | $700,704 |
| Compensation of current officers, directors, key employees. | $87,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $982,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,441 |
| Payroll taxes | $105,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,378 |
| Advertising and promotion | $31,458 |
| Office expenses | $40,550 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,641 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,467 |
| Insurance | $28,182 |
| All other expenses | $47,994 |
| Total functional expenses | $2,768,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,651 |
| Savings and temporary cash investments | $200,006 |
| Pledges and grants receivable | $482,203 |
| Accounts receivable, net | $236,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $24,152 |
| Prepaid expenses and deferred charges | $2,200 |
| Net Land, buildings, and equipment | $1,903,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,183 |
| Other assets | $12,731 |
| Total assets | $3,082,037 |
| Accounts payable and accrued expenses | $152,794 |
| Grants payable | $0 |
| Deferred revenue | $302,350 |
| 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 | $1,043,342 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,498,486 |
| Net assets without donor restrictions | $1,256,349 |
| Net assets with donor restrictions | $327,202 |
| 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 | $3,082,037 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charlotte Neuroscience Association Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
David Moore Foundation Charlotte, NC PURPOSE: CHARITABLE | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Insight Memory Care Center Fairfax, VA | $3,154,973 | $3,550,226 |
Charlotte Neuroscience Association Inc Charlotte, NC | $3,082,037 | $3,290,485 |
Alzheimers Tennessee Inc Knoxville, TN | $1,498,748 | $1,957,241 |
Wellmont-Madison House Alzheimers Center Of Upper E Tennessee Johnson City, TN | $591,023 | $808,200 |
Alzheimers & Dementia Services Of Memphis Inc Memphis, TN | $4,866,660 | $2,133,712 |
Alps Adult Day Services Morristown, TN | $2,514,473 | $1,040,545 |
Dementia Alliance Of North Carolina Inc Raleigh, NC | $832,392 | $872,226 |
Rick Sharp Alz Foundation Virginia Beach, VA | $1,126,907 | $702,010 |
Jud C Hickey Center For Alzheimers Care Inc Augusta, GA | $6,980,586 | $1,363,088 |
Ark Of Sc Summerville, SC | $751,337 | $425,359 |
Alzheimers Services Center Inc Morrow, GA | $1,261,641 | $208,460 |
David Moore Foundation Charlotte, NC | $54,028 | $236,009 |