Neurolipid Research Foundation Inc
- Assets
- $65.2k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Millville, NJ
- Founding
- 04/2010
- Data as of
- 12/2020
- EIN
- 80-0496243
Organization Overview
Neurolipid Research Foundation Inc is located in Millville, NJ. The organization was established in 2010. According to its NTEE Classification (G96) the organization is classified as: Neurology & Neuroscience, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2020, Neurolipid Research Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neurolipid Research Foundation 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 12/2020, Neurolipid Research Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.7% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS, AND CULTURAL ORGANIZATIONS PURPOSES, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FEDERAL TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PERFORMS RESEARCH AND WORKS TO FIND ANSWERS FOR NEUROLOGICAL DISEASE, ESPECIALLY THOSE INVOLVING THE BRAIN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Herbert Pierce III President/tr | OfficerTrustee | 40 | $101,000 |
Krishna Doniparthi Trustee | Trustee | 10 | $6,500 |
Melvin Pierce Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,598 |
| Total Program Service Revenue | $879,158 |
| Investment income | $0 |
| 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 | $1,070,224 |
| 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 | $139,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,816 |
| Payroll taxes | $13,107 |
| 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 | $20,053 |
| Advertising and promotion | $8,094 |
| Office expenses | $24,194 |
| Information technology | $5,958 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,607 |
| Insurance | $12,598 |
| All other expenses | $106,520 |
| Total functional expenses | $1,189,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,339 |
| 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 | $22,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,496 |
| Total assets | $65,224 |
| Accounts payable and accrued expenses | $0 |
| 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 | $115,695 |
| Total liabilities | $115,695 |
| Net assets without donor restrictions | -$50,471 |
| 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 | $65,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neurolipid Research Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Neurological Association Mount Laurel, NJ | $12,538,234 | $3,245,038 |
Neurolipid Research Foundation Inc Millville, NJ | $65,224 | $1,070,224 |
Chiari & Syringomyelia Foundation Staten Island, NY | $885,796 | $769,207 |
Neurology Department Foundation Pf P-Upmc Gladwyne, PA | $0 | $4,435 |
Kamen Brain Tumor Foundation New York, NY | $194,248 | $33,513 |
Neuroscience Research Foundation Glenshaw, PA | $566,874 | $83,033 |
International Neurotoxin Association New York, NY | $1,285,490 | $112,611 |
A Step Toward Hope Inc Moorestown, NJ | $39,809 | $1,006 |
Neurotrauma Foundation Wayne, PA | $620 | $0 |