Brainup Inc
- Assets
- $537.5k
- Revenue
- $215.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, IL
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-5516802
Organization Overview
Brainup Inc is located in Frankfort, IL. The organization was established in 2016. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brainup 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, Brainup Inc generated $215.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $328.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FINANCIALLY SUPPORT BRAIN CANCER RESEARCH THAT IS BEING CONDUCTED BY UNIVERSITY TEACHING HOSPITALS IN THE CHICAGOLAND AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT RESEARCH AND ENCOURAGE DIALOGUE BETWEEN HOSPITALS CONDUCTING BRAIN CANCER RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Kresach President | Officer | 0 | $0 |
Meg Kresach Vice President | Officer | 0 | $0 |
Dena Krenzien Director | Trustee | 0 | $0 |
Ray Probasco Director | Trustee | 0 | $0 |
Lorenzo Munoz MD Director | Trustee | 0 | $0 |
Jeffrey Lamorte Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $273,510 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,830 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,340 |
| Total Program Service Revenue | $0 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$72,886 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,574 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $323,000 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115 |
| Insurance | $679 |
| All other expenses | $0 |
| Total functional expenses | $328,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $535,315 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $537,521 |
| Accounts payable and accrued expenses | $15,372 |
| Grants payable | $215,270 |
| 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 | $230,642 |
| Net assets without donor restrictions | $306,879 |
| 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 | $537,521 |
Grants Awarded
Over the last fiscal year, Brainup Inc has awarded $320,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWESTERN HOSPITAL PURPOSE: BRAIN CANCER RESEARCH | $160,000 |
UNIV OF CHICAGO MED CTR PURPOSE: BRAIN CANCER RESEARCH | $160,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Brainup Inc has recieved totaling $18,250.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,377 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $7,300 |
Debra And Kenneth Caplan Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,053 |
Sapiente Family Foundation Inverness, IL PURPOSE: UNRESTRICTED DONATION | $1,000 |
Lpf Foundation Inverness, IL PURPOSE: CHARITABLE CONTRIBUTION | $500 |
The Kusinski Family Foundation New Lenox, IL PURPOSE: OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Siouxland Regional Cancer Center Sioux City, IA | $22,869,484 | $57,761,612 |
National Childrens Cancer Society Inc St Louis, MO | $10,588,169 | $40,039,752 |
Alliance Nctn Foundation Chicago, IL | $4,276,385 | $9,494,506 |
Midwest Athletes Against Childhood Cancer Inc Milwaukee, WI | $8,719,614 | $5,966,033 |
Cancer Center Of Western Wisconsin Inc New Richmond, WI | $3,535,083 | $4,799,679 |
Hematology Oncology Pharmacy Association Inc Milwaukee, WI | $8,943,245 | $5,533,209 |
Wellness House Hinsdale, IL | $4,130,428 | $3,474,611 |
Northern Illinois Cancer Treatment Center Dixon, IL | $6,957,137 | $2,837,443 |
Fight Colorectal Cancer Inc Springfield, MO | $4,461,667 | $2,518,270 |
Little Red Door Cancer Agency Inc Indianapolis, IN | $5,180,729 | $2,801,269 |
Association Of Pediatric Hematology Oncology Nurses Inc Chicago, IL | $3,004,986 | $2,463,063 |
Wise Women Gathering Place Inc Green Bay, WI | $356,088 | $2,004,991 |