Barrow Neurological Foundation
- Assets
- $175.4m
- Revenue
- $31.9m
- Investments
- $20.2m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/1962
- Data as of
- 06/2020
- EIN
- 86-0174371
Organization Overview
Barrow Neurological Foundation is located in Phoenix, AZ. The organization was established in 1962. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, 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. Barrow Neurological 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 06/2020, Barrow Neurological Foundation generated $31.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $37.8m during the year ending 06/2020. While expenses have increased by 17.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BARROW NEUROLOGICAL INSTITUTE, A DIVISION OF DIGNITY HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RAISES FUNDS TO SUPPORT BARROW NEUROLOGICAL INSTITUTE, A DEPARTMENT OF ST. JOSEPH'S HOSPITAL AND MEDICAL CENTER IN PHOENIX, ARIZONA ('HOSPITAL').
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Cobb President And CEO | OfficerTrustee | 40 | $314,970 |
Michael Hecomovich Board Chair | OfficerTrustee | 1 | $0 |
Mitchel Sayare Vice Chair | OfficerTrustee | 1 | $0 |
William Langer Board Secretary | OfficerTrustee | 1 | $0 |
Jim Swanson Board Treasurer | OfficerTrustee | 1 | $0 |
Ira Fulton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snell & Wilmer Legal | 6/29/21 | $843,402 |
Oh Partners Advertising | 6/29/21 | $225,000 |
Mercer Investments Llc Consulting | 6/29/21 | $168,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,698,092 |
| Investment income | $2,018,236 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,968,103 |
| Net Income from Fundraising Events | -$148,801 |
| Net Income from Gaming Activities | $402,976 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,938,606 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Legal | $829,176 |
| Fees for services: Accounting | $90,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $450,394 |
| Fees for services: Other | $3,222,999 |
| Advertising and promotion | $837,572 |
| Office expenses | $387,659 |
| Information technology | $133,657 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $119,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $78,808 |
| All other expenses | $0 |
| Total functional expenses | $37,810,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,300,659 |
| Savings and temporary cash investments | $2,605,674 |
| Pledges and grants receivable | $26,398,871 |
| 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 | $25,013 |
| Investments—publicly traded securities | $120,797,910 |
| Investments—other securities | $20,247,723 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,375,850 |
| Accounts payable and accrued expenses | $395,608 |
| Grants payable | $8,248,009 |
| 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 | $212,606 |
| Total liabilities | $8,856,223 |
| 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 |
| Total liabilities and net assets/fund balances | $166,519,627 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Barrow Neurological Foundation has recieved totaling $190,030.
| Awarding Organization | Amount |
|---|---|
Herbert H And Barbara C Dow Foundation Frankfort, MI PURPOSE: LEWIS HEADACHE CENTER MATCHING GIFT | $52,000 |
Kramer Family Foundation Paradise Valley, AZ PURPOSE: MEDICAL RESEARCH | $50,000 |
Richard Stravitz Foundation Virginia Beach, VA PURPOSE: ALS RESEARCH | $31,000 |
Als Cure Project Inc Pleasanton, CA PURPOSE: Neuro Research | $25,000 |
Timothy T Day Foundation Inc Phoenix, AZ PURPOSE: HEALTH SERVICES | $20,000 |
Lisa Family Foundation Inc Paradise Valley, AZ PURPOSE: TO FUND PATIENT CARE, RESEARCH, MEDICAL EDUCATION, COMMUNITY OUTREACH AND CLINICAL PROGRAMS OF BARROW NEUROLOGICAL INSTITUTE AT ST. JOSEPH'S HOSPITAL. | $7,030 |
Endowment Analysis
| Beg. Balance | $59,820,070 |
| Earnings | $9,458,184 |
| Net Contributions | $303,795 |
| Other Expense | $1,852,504 |
| Ending Balance | $67,729,545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barrow Neurological Foundation Phoenix, AZ | $175,375,850 | $31,938,606 |
Columbus Foundation Inc Salt Lake City, UT | $26,807,771 | $11,607,204 |
Bert Broday Jr Trust Fbo The American Heart Association Las Vegas, NV | $13,019,503 | $1,244,998 |
Friends Of@ren Xue International Inc Orinda, CA | $140,566 | $687,725 |
The Donor Alliance Foundation Denver, CO | $3,846,341 | $75,406 |
Joe & Emmy Liu Foundation Fremont, CA | $5,814,185 | $4,641,979 |
Until Theres A Cure Foundation Woodside, CA | $284,213 | $229,827 |
L Casey Trust Fbo Rosary Hill Home & St Joseph For Blind 233010t Las Vegas, NV | $3,035,120 | $352,414 |
Richmond-Ermet Foundation San Francisco, CA | $197,273 | $0 |
William J Maurer 4947-Ir-Tua Fbo Cancer Ins 1519163207 Las Vegas, NV | $2,063,665 | $226,870 |
Graves Disease And Thyroid Foundation Inc Rancho Santa Fe, CA | $143,178 | $105,726 |
Fields Lilian T Ua Las Vegas, NV | $1,036,473 | $73,560 |