Philadelphia Neurologic Institute Foundation Inc is located in Pennington, NJ. The organization was established in 2018. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Neurologic Institute 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 12/2021, Philadelphia Neurologic Institute Foundation Inc generated $312.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 63.5% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PHILADELPHIA NEUROLOGIC INSTITUTE FOUNDATION, INC. (FORMERLY GNI NEUROSCIENCES FOUNDATION, INC.) (THE "CORPORATION") SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY TO CARRY OUT THOSE TAX-EXEMPT PURPOSES ENUMERATED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY SUBSEQUENT TAX LAW OF THE UNITED STATES, INCLUDING, BUT NOT LIMITED TO, RAISING FUNDS FOR THE PURPOSE OF: (I) EDUCATING THE PUBLIC TO IMPROVE RECOGNITION OF THE SIGNS AND SYMPTOMS OF NEUROLOGICAL INJURIES/DISEASES, SUCH AS STROKE; (II) EDUCATING CLINICIANS (PHYSICIANS, RNS, EMS SQUADS, ETC.) TO BETTER RECOGNIZE AND APPROPRIATELY TREAT NEUROLOGICAL INJURIES/DISEASES; (III) EDUCATING LOCAL COMMUNITIES OF THE CAPABILITIES AND AVAILABILITY OF NEUROSURGICAL AND NEUROLOGICAL SPECIALISTS IN THEIR AREAS; (IV) CONDUCTING TRAINING AND FUNDING RESEARCH INTENDED TO RAISE AWARENESS OF AND FURTHER DEVELOP NEUROSCIENCES TREATMENTS AND DEVICES; (V) PROVIDING INCUBATOR FACILITY FOR NE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILADELPHIA NEUROLOGIC INSTITUTE FOUNDATION, INC. (FORMERLY GNI NEUROSCIENCES FOUNDATION, INC.) (THE "CORPORATION") SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY TO CARRY OUT THOSE TAX-EXEMPT PURPOSES ENUMERATED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING PROVISIONS OF ANY SUBSEQUENT TAX LAW OF THE UNITED STATES, INCLUDING, BUT NOT LIMITED TO, RAISING FUNDS FOR THE PURPOSE OF: (I) EDUCATING THE PUBLIC TO IMPROVE RECOGNITION OF THE SIGNS AND SYMPTOMS OF NEUROLOGICAL INJURIES/DISEASES, SUCH AS STROKE; (II) EDUCATING CLINICIANS (PHYSICIANS, RNS, EMS SQUADS, ETC.) TO BETTER RECOGNIZE AND APPROPRIATELY TREAT NEUROLOGICAL INJURIES/DISEASES; (III) EDUCATING LOCAL COMMUNITIES OF THE CAPABILITIES AND AVAILABILITY OF NEUROSURGICAL AND NEUROLOGICAL SPECIALISTS IN THEIR AREAS; (IV) CONDUCTING TRAINING AND FUNDING RESEARCH INTENDED TO RAISE AWARENESS OF AND FURTHER DEVELOP NEUROSCIENCES TREATMENTS AND DEVICES; (V) PROVIDING INCUBATOR FACILITY FOR NEUROSCIENCES AND MENTAL HEALTH RELATED START-UPS; (VI) ORGANIZING AND PROVIDING FACILITIES FOR LARGE CONFERENCE MEETINGS; (VII) PROVIDING LABORATORY AND CLINICAL TRAINING FACILITIES FOR DEVELOPMENT OF NEXT GENERATION NEUROSCIENCES INNOVATIONS; (VIII) PROVIDING RESOURCES FOR ASSOCIATED/VISITING FACULTY, ASSOCIATIONS AND ORGANIZATIONS; (IX) SUPPORTING A DEDICATED, COMPREHENSIVE NEUROSCIENCES INSTITUTE DESIGNED TO ATTRACT NATIONALLY RECOGNIZED CLINICIANS AND HOUSE DEDICATED, STATE-OF- THE-ART RESEARCH, INPATIENT AND OUTPATIENT CLINICAL AND REHABILITATION FACILITIES SO AS TO TREAT PATIENTS WITH THE MOST ADVANCED CLINICAL TECHNIQUES IN BOTH NEUROSCIENCES AND MENTAL HEALTH FOCUSED ON IMPROVED PATIENT OUTCOMES; (X) SUPPORTING ON-SITE, DEDICATED OFFICE SPACE FOR ALL NEUROSCIENCES INDUSTRY STAKEHOLDERS WHO ARE FOCUSED ON MEDICAL ADVANCEMENT AND CURE; (XI) SUPPORTING THE DEVELOPMENT OF MENTAL HEALTH-RELATED ADVANCEMENTS; (XII) SUPPORTING DEDICATED ACADEMIC RESEARCH IN THE AREA OF NEUROSCIENCES AND RELATED DISCIPLINES INCLUDING BIOMEDICAL ENGINEERING, (XIV) SUPPORTING RESEARCH, DEVELOPMENT AND COMMERCIALIZATION OF PROMISING NEUROSCIENCES AND REHABILITATION INNOVATIONS; AND (XV) SUPPORTING THE EDUCATION OF CLINICIANS FOCUSED ON ADVANCING AND IMPROVING PATIENT CARE IN THE FIELD OF NEUROSCIENCES.
THE MISSION OF PHILADELPHIA NEUROLOGIC INSTITUTE FOUNDATION, INC. (FORMERLY GNI NEUROSCIENCES FOUNDATION, INC.) (THE "CORPORATION") IS TO RAISE FUNDS FOR THE PURPOSE OF: (I) EDUCATING THE GENERAL PUBLIC TO IMPROVE RECOGNITION OF THE SIGNS AND SYMPTOMS OF NEUROLOGICAL INJURIES AND DISEASES, (II) EDUCATING CLINICIANS (PHYSICIANS, RNS, EMS SQUADS, ETC.) TO BETTER RECOGNIZE AND APPROPRIATELY TREAT NEUROLOGICAL INJURIES AND DISEASES, (III) EDUCATING LOCAL COMMUNITIES OF THE CAPABILITIES AND AVAILABILITY OF NEUROSURGICAL AND NEUROLOGICAL SPECIALISTS, AND (IV) FUNDING MEDICAL RESEARCH INTENDED TO RAISE AWARENESS OF AND FURTHER DEVELOP NEUROSCIENCES TREATMENTS. A NEUROSCIENCES CONFERENCE WAS HELD DURING THE YEAR AND THE MISSION OF THE CONFERENCE IS TO BRING AWARENESS, FORM ALLIANCES, AND HELP MOVE FORWARD SCIENTIFIC ADVANCEMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Erol Veznedaroglu MD President | OfficerTrustee | 10 | $0 |
Donald J Damico Treasurer | Officer | 10 | $0 |
Thomas Kurtz Secretary | Officer | 5 | $0 |
Kenneth Liebman MD Trustee | Trustee | 1 | $0 |
Mandy J Binning MD Trustee | Trustee | 1 | $0 |
Esther Egozi Choukroun Executive Di | Trustee | 10 | $0 |
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 | $90,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $90,000 |
Total Program Service Revenue | $222,312 |
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 | $312,312 |
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 | $174,185 |
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 | $49,321 |
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 | $874 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $224,380 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $113,689 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,518 |
Total assets | $124,207 |
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 | $0 |
Total liabilities | $0 |
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 | $124,207 |
Total liabilities and net assets/fund balances | $124,207 |
Over the last fiscal year, we have identified 3 grants that Philadelphia Neurologic Institute Foundation Inc has recieved totaling $7,500.
Awarding Organization | Amount |
---|---|
Parkinson Alliance Inc Kingston, NJ PURPOSE: ABBV-951 SUBCUTANEOUS CARBIDOPA/LEVODOPA INFUSION STUDY | $2,500 |
Parkinson Alliance Inc Kingston, NJ PURPOSE: ABBV-951 SUBCUTANEOUS CARBIDOPA/LEVODOPA INFUSION STUDY | $2,500 |
Parkinson Alliance Inc Kingston, NJ PURPOSE: ABBV-951 SUBCUTANEOUS CARBIDOPA/LEVODOPA INFUSION STUDY | $2,500 |
Organization Name | Assets | Revenue |
---|---|---|
Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |
Newcourtland Elder Service Philadelphia, PA | $143,669,356 | $7,770,253 |
Foundation For Morristown Medical Center Inc Morristown, NJ | $194,034,598 | $31,511,180 |
Saint Barnabas Health Care System Foundation Inc Oceanport, NJ | $95,611,955 | $91,087,287 |