Brainfutures Incorporated
- Assets
- $535.1k
- Revenue
- $526.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 12/1975
- Data as of
- 06/2021
- EIN
- 52-0701916
Organization Overview
Brainfutures Incorporated is located in Lutherville, MD. The organization was established in 1975. According to its NTEE Classification (F80) the organization is classified as: Mental Health Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brainfutures Incorporated 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 06/2021, Brainfutures Incorporated generated $526.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $378.4k during the year ending 06/2021. 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. RESEARCH AND POLICY: RELEASED AN AT HOME GUIDE TO YOUTH BRAIN FITNESS PROGRAMS FOR EDUCATORS AND FAMILIES AS AN ADDENDUM TO OUR 2019 COMPREHENSIVE ASSESSMENT OF CLASSROOM-BASED PROGRAMS, AND RELEASED A RESEARCH REVIEW ON THE EFFECTIVENESS OF NEUROFEEDBACK FOR CERTAIN BEHAVIORAL HEALTH CONDITIONS. 2. OUTREACH AND EDUCATION: EDUCATED THE PUBLIC THROUGH RELEASE OF PRINT MATERIALS, DIGITAL NEWSLETTERS AND SOCIAL MEDIA, CONFERENCE PRESENTATIONS TO PROFESSIONAL AUDIENCES, AND AUTHORING ARTICLES FOR SELECT NATIONAL PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Kimes President | OfficerTrustee | 1 | $0 |
Timothy Santoni Treasurer/secretary | OfficerTrustee | 1 | $0 |
Linda Raines Chief Executive Officer | Officer | 1 | $0 |
Teresa Fields Chief Administrative Officer | Officer | 1 | $0 |
Henry Harbin Member | Trustee | 1 | $0 |
Randall Lutz Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $323,654 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,783 |
| Total Program Service Revenue | $0 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $526,812 |
| 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. | $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 | $337,847 |
| Fees for services: Legal | $558 |
| Fees for services: Accounting | $910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,563 |
| Advertising and promotion | $29 |
| Office expenses | $9,840 |
| 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 | $95 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,156 |
| All other expenses | $388 |
| Total functional expenses | $378,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,553 |
| Savings and temporary cash investments | $305,254 |
| 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 | $4,251 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $535,058 |
| Accounts payable and accrued expenses | $1,176 |
| Grants payable | $0 |
| 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 | $166,637 |
| Total liabilities | $167,813 |
| Net assets without donor restrictions | $194,019 |
| Net assets with donor restrictions | $173,226 |
| 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 | $535,058 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Brainfutures Incorporated has recieved totaling $560,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $500,000 |
Bowman Family Foundation Hockessin, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $25,000 |
Simon Family Philanthropic Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penn Foundation Inc Sellersville, PA | $26,556,017 | $31,596,468 |
People Encouraging People Inc Baltimore, MD | $28,592,709 | $29,454,676 |
Nami National Arlington, VA | $50,401,603 | $31,878,029 |
Danville Pittsylvania Community Services Danville, VA | $25,318,887 | $21,720,230 |
Southern Highlands Community Mental Health Center Princeton, WV | $14,445,865 | $22,363,429 |
The Arc Of Lehigh And Northampton Counties Inc Bethlehem, PA | $12,174,366 | $20,633,866 |
Fmrs Health Systems Inc Beckley, WV | $13,391,667 | $15,101,844 |
Potomac Highlands Mental Health Guild Inc Petersburg, WV | $5,722,921 | $13,615,372 |
Anchor Mental Health Association Washington, DC | $6,357,621 | $8,527,458 |
The Arc Of Pennsylvania Butler, PA | $13,606,348 | $13,700,268 |
Advocacy Alliance Scranton, PA | $11,524,564 | $9,909,566 |
Partnership For Community Supports Philadelphia, PA | $3,489,812 | $8,447,106 |