Novel Pharmaceutics Institute Inc
- Assets
- $38.3k
- Revenue
- $7.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 76-0334402
Organization Overview
Novel Pharmaceutics Institute Inc, operating under the name Neuronexus, is located in Franklin, TN. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Neuronexus 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, Neuronexus generated $7.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (48.4%) each year. All expenses for the organization totaled $12.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (44.7%) per year over the past 7 years. 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
THE NEURONEXUS FACILITY PROVIDES A CONFERENCE AREA FOR RESEARCH WORK, WEBINAR SUPPORT, A PUBLIC FORUM FOR PRESENTATIONS ON NEUROSCIENCE TOPICS, AND SPECIALIZED INFORMATION ON NEUROLOGICAL DISORDERS. MENTORING AND DOCENT SERVICES ARE AVAILABLE THROUGH THE ORGANIZATION. IT SERVES AS A CONVOCATION POINT FOR THOUGHT LEADERS IN NEUROLOGY. OUR STAFF HAS OFFERED CME CREDIT COURSES, HOSTED PROFESSIONAL ROUNDTABLES AND WEBINARS AND FOCUSED ON "FLOATING ALL THE BOATS" IN THE COMMUNITY AND REGION THROUGH EDUCATION OF THE PUBLIC AND MEDICAL PROFESSIONALS ON NEUROLOGICAL DISEASE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL EDUCATION, CONTINUING EDUCATION GRANTS, MEDICAL RESEARCH, TRAINING PHYSICIANS IN USE OF MEDICATION, PUBLIC INFORMATION, PUBLIC EDUCATION ON NEUROLOGICAL DISEASE, GRANTS FOR CONTINUING EDUCATION AND EXPOSURE TO EDUCATION OPPORTUNITIES FOR STUDENTS, EDUCATIONAL BENEFITS FOR STUDENTS, TRAINING FOR MEDICAL RELATED STUDENT ACTIVITY, INTERNSHIPS, MENTORSHIPS AND TRAINING FOR INDIVIDUALS, YOUTHS AND STUDENTS IN HEALTH CARE PROFESSIONS. DR. DANIEL KANTOR, CHAIRMAN OF THE BOARD, OPERATES THE AFFILIATED GROUP, MEDICAL PARTNERSHIP FOR MS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Brown Secretary | OfficerTrustee | 0.1 | $0 |
Dr Daniel Kantor Chairman | OfficerTrustee | 1 | $0 |
Randolph Quigley Board Member | Trustee | 0.1 | $0 |
Ruth Woodall Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455 |
| Total Program Service Revenue | $6,660 |
| Investment income | $14 |
| 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 | $7,129 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,719 |
| 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 | $506 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,040 |
| 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 | $200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $63 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,303 |
| Accounts payable and accrued expenses | $15,395 |
| 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 | $645 |
| Total liabilities | $16,040 |
| Net assets without donor restrictions | $0 |
| 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 | $22,263 |
| Total liabilities and net assets/fund balances | $38,303 |
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