Neuroscience Innovation Foundation
- Assets
- $335.4k
- Revenue
- $185.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- Data as of
- 12/2022
- EIN
- 85-1657300
Organization Overview
Neuroscience Innovation Foundation is located in Chattanooga, TN. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neuroscience Innovation 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 12/2022, Neuroscience Innovation Foundation generated $185.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.0%) each year. All expenses for the organization totaled $461.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATISTICAL SERVICES FOR TWO RESEARCH PAPERS SUBMITTED TO PROFESSIONAL MEDICAL JOURNALS PERTAINING TO THE IMPACT OF AI BASED MEDICAL ANALYSIS AND PATIENT LOGISTICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Catalano Treasurer & CEO | 37.5 | $117,000 | |
Thomas Devlin MD PHD President & Medical Director | 8 | $49,920 | |
Janice Gray Secretary And Chief Development Office | 10 | $27,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,149 |
| Total Revenue | $185,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $194,068 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $28,605 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,968 |
| Printing and publications | $0 |
| Other expenses | $27,173 |
| Total operating and administrative expenses | $283,381 |
| Contributions, gifts, grants paid | $178,000 |
| Total expenses and disbursements | $461,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,386 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $335,386 |
| Accounts payable and accrued expenses | $240 |
| 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 | $240 |
Grants Awarded
Over the last fiscal year, Neuroscience Innovation Foundation has awarded $178,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CHI MEMORIAL FOUNDATION PURPOSE: STROKE NURSE TRAINING AND EDUCATIONAL EQUIPMENT | $28,000 |
KIPNIS LAB WASHINGTON UNIVERSITY PURPOSE: LABORATORY RESEARCH AND RELATED EXPENSES AND THE SPONSORSHIP OF NEUROIMMUNOLOGY CONFERENCE WITH THE WEIZMANN INSTITUTE IN 2023. | $100,000 |
UNIVERSITY OF TEXAS AT DALLAS- SLAM LAB PURPOSE: RESEARCH EXPENSES FOR THE SPEECH, LANGUAGE AND MUSIC LAB | $50,000 |