Mcknight Brain Research Foundation
- Assets
- $44.8m
- Revenue
- $5.6m
- Investments
- $42.0m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 65-6301255
Organization Overview
Mcknight Brain Research Foundation is located in Orlando, FL. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcknight Brain Research 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 06/2022, Mcknight Brain Research Foundation generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 2.0% per year over the past 3 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 2020, Mcknight Brain Research Foundation has awarded 21 individual grants totaling $5,752,362. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION HOSTS AN ANNUAL CONFERENCE AND OTHER EVENTS FOR THE PURPOSE OF FOSTERING THE NECESSARY COLLABORATION BETWEEN RESEARCH SCIENTISTS IN EACH OF THE FOUR MCKNIGHT BRAIN INSTITUTES TO ACHIEVE SUCCESSFUL OUTCOMES IN THE UNDERSTANDING OF COGNITIVE AGING AND THE PROBLEMS OF LEARNING AND MEMORY IN THE AGING WITH THE EMPHASIS ON COGNITIVE HEALTH, PREVENTION AND TREATMENT OF COGNITIVE DECLINE AND LOSS. THIS YEAR'S CONFERENCE WAS DESIGNED TO FOSTER AND EMPHASIZE THE COLLABORATION BETWEEN THE RESEARCH SCIENTISTS IN THREE MAIN AREAS: EPIGENETICS, NEUROIMAGING, AND STANDARDIZATION OF COGNITIVE ASSESSMENT MEASURES.SEE STATEMENT 14 FOR ADDITIONAL INFORMATION REGARDING THE FOUNDATION'S ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr J Lee Dockery Trustee Emeritus | 6 | $40,000 | |
Dr Michael Dockery Trustee | 6 | $40,813 | |
Dr Robert Wah Trustee (ended 8/21) | 6 | $23,291 | |
Dr Madhav Thambisetty Trustee | 6 | $0 | |
Dr Richard Isaacson Trustee | 6 | $40,000 | |
Dr Susan Pekarkse Trustee | 6 | $40,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $847,247 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,704,854 |
| Capital Gain Net Income | $4,504,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,389 |
| Total Revenue | $5,557,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $590,651 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $104,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $175,308 |
| Printing and publications | $0 |
| Other expenses | $86,506 |
| Total operating and administrative expenses | $1,059,318 |
| Contributions, gifts, grants paid | $2,097,815 |
| Total expenses and disbursements | $3,157,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,846,754 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $41,986,305 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,833,059 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mcknight Brain Research Foundation has awarded $2,097,815 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FEDERATION FOR AGING RESEARCH PURPOSE: FUNDING OF RESEARCH | $534,500 |
AMERICAN BRAIN FOUNDATION PURPOSE: FUNDING SCHOLARSHIP IN COGNITIVE AGING AND MEMORY LOSS | $330,000 |
GRAND CANYON CONSERVANCY PURPOSE: FUNDING OF RESEARCH | $250 |
UNIVERSITY OF ALABAMA BIRMINGHAM PURPOSE: FUNDING OF THE EVELYN F. MCKNIGHT BRAIN INSTITUTE AT UAB | $32,005 |
FOUNDATION FOR THE NIH PURPOSE: FUNDING OF RESEARCH | $1,000,000 |
UNIVERSITY OF ARIZONA - EVELYN F MCKNIGHT BRAIN INSTITUTE PURPOSE: FUNDING OF THE EVELYN F. MCKNIGHT BRAIN INSTITUTE AT THE UNIVERSITY OF ARIZONA | $1,232 |