Neurodegenerative Disease Research Inc
- Assets
- $227.5k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Reddick, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-0520661
Organization Overview
Neurodegenerative Disease Research Inc is located in Reddick, FL. According to its NTEE Classification (H96) the organization is classified as: Neurology & Neuroscience Research, under the broad grouping of Medical Research and related organizations. As of 12/2023, Neurodegenerative Disease Research Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neurodegenerative Disease Research 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 12/2023, Neurodegenerative Disease Research Inc generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Neurodegenerative Disease Research Inc has awarded 35 individual grants totaling $7,654,765. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR GOAL IS TO FACILITATE RESEARCH THAT WILL BRING NEW TREATMENTS TO THOSE SUFFERING FROM NEURODEGENERATIVE DISEASES. WE FUND RESEARCHERS THAT HAVE PROJECTS INTENDED TO BRING NEW HOPE TO ALS PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO FUND RESEARCHERS WITH AN EMPHASIS TO IDENTIFY AND VALIDATE BIOMARKERS FOR DETERMINING DRUG EFFECTIVENESS IN NEURODEGENERATIVE DISEASES AND FACILITATE PATHOLOGY-BASED TREATMENTS TO ALS PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siobhan Ellison President And CEO | OfficerTrustee | 50 | $200,000 |
Bill Killeen Director | Trustee | 1 | $0 |
Julie Osborne Secretary | OfficerTrustee | 2 | $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 | $1,814,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,814,296 |
| 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 | $1,814,325 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,792,755 |
| 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 | $200,000 |
| Other salaries and wages | $140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,855 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $735 |
| Fees for services: Accounting | $3,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,030 |
| Advertising and promotion | $0 |
| Office expenses | $4,547 |
| 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 | $0 |
| Insurance | $2,042 |
| All other expenses | $0 |
| Total functional expenses | $2,138,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,681 |
| 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 | $158,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,525 |
| Accounts payable and accrued expenses | $186 |
| 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 | $186 |
| Net assets without donor restrictions | $227,339 |
| 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 | $227,525 |
Grants Awarded
Over the last fiscal year, Neurodegenerative Disease Research Inc has awarded $640,419 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
APPLIED STEMCELL INC PURPOSE: Medical Research | $0 |
UC SAN DIEGO FOUNDATION PURPOSE: Medical Research | $0 |
EMMES COMPANY LLC PURPOSE: Medical Research | $0 |
EMORY SCHOOL OF MEDICINE PURPOSE: Medical Research | $20,060 |
FOX CHASE PURPOSE: Medical Research | $0 |
UNIVERSITY OF PITTSBURG PURPOSE: Medical Research | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neurodegenerative Disease Research Inc Reddick, FL | $227,525 | $1,814,325 |
Caribbean Neurosurgery Foundation Sanford, FL | $25,124 | $57,885 |
Winning The Fight Tampa, FL | $93,598 | $0 |
Hydrocephalus And Neuroscience Institute Inc Orlando, FL | $251,608 | $282,093 |
Florida Association For The Study Of Headache Inc Palm Beach Gardens, FL | $177,841 | $30,188 |
Trinity Love Hoblit Foundation Inc Fernandina Beach, FL | $46,259 | $0 |
Neurological Injury Research And Educational Foundation Inc Clearwater, FL | $302,768 | $51,415 |
Neuromedical Research Foundation Inc Surfside, FL | $24,224 | $0 |
G Dolph Corradino Neuropuncture Research Corp Boynton Beach, FL | $9,173 | $0 |
Rengifo Parkinsons Foundation Inc Miami, FL | $470 | $0 |
Families For Fragile X Inc Miami, FL | $218,302 | $22,336 |