Neuroscience Innovation Foundation
- Assets
- $612.4k
- Revenue
- $3.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- Data as of
- 12/2021
- 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 12/2021, Neuroscience Innovation Foundation generated $3.0k in total revenue. All expenses for the organization totaled $269.2k during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 Secretary-Treasurer & CEO | 37.5 | $117,000 | |
Thomas Devlin MD PHD President & Medical Director | 8 | $49,920 | |
Janice Gray Vice-President & Fundraising Director | 10 | $23,400 | |
Katrina Barton Ended August 2021 Former Treasurer | 5 | $13,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| 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 | $0 |
| Total Revenue | $3,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $203,820 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,317 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,064 |
| Total operating and administrative expenses | $249,154 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $269,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600,425 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $12,000 |
| 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 | $612,425 |
| Accounts payable and accrued expenses | $1,047 |
| 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 | $1,047 |
Grants Awarded
Over the last fiscal year, Neuroscience Innovation Foundation has awarded $39,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHI MEMORIAL FOUNDATION PURPOSE: TO PURCHASE 3 TELEMEDICINE CARTS FOR THE CHI HOSPITAL | $35,000 |
CHI MEMORIAL FOUNDATION PURPOSE: FOR NURSE PRACTIONER TRAINING AT THE HEALTH OUTCOME INSTITUTE | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Autauga-Elmore Mr 310 Millbrook, AL | $2,801,188 | $5,921,779 |
Center For Head Injury Services St Louis, MO | $4,461,253 | $3,756,729 |
Brain Injury Services Inc Springfield, VA | $1,591,336 | $3,359,735 |
Brain Injury Association Of America Inc Fairfax, VA | $6,594,689 | $4,901,812 |
Crumley House Head Injury Rehabilitation Limestone, TN | $4,600,525 | $2,232,993 |
Brain Injury Services Of Swva Roanoke, VA | $1,676,016 | $1,583,338 |
Alabama Head Injury Foundation Inc Hoover, AL | $816,830 | $1,314,386 |
Brain Injury Association Of Nc Raleigh, NC | $239,353 | $749,544 |
The Bridge Line Charlottesville, VA | $1,836,638 | $779,608 |
Spastic Paraplegia Foundation Inc Fortson, GA | $2,650,188 | $1,153,340 |
Brain Injury Connections Of The Shenandoah Valley Inc Harrisonburg, VA | $374,581 | $425,495 |
Southeastern Brain Tumor Foundation Inc Atlanta, GA | $401,909 | $267,153 |