Neurological Research Foundation Inc
- Assets
- $2.7m
- Revenue
- $231.9k
- Investments
- $2.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 91-1769991
Organization Overview
Neurological Research Foundation Inc is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (H96) the organization is classified as: Neurology & Neuroscience Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neurological Research 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, Neurological Research Foundation Inc generated $231.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $160.0k during the year ending 12/2021. While expenses have increased by 5.6% 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.
Since 2014, Neurological Research Foundation Inc has awarded 12 individual grants totaling $588,898. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO A DONOR ADVISED FUND WHICH WILL BE USED FOR GRANTS TO ORGANIZATIONS WHICH PROMOTE AND FOSTER NEUROLOGICAL RESEARCH. A GRANT OF $135,000 WAS MADE TO THE NATIONAL PHILANTHROPIC TRUST DURING THE YEAR.
GRANTS TO TWO DOCTORS WHICH PROMOTE AND FOSTER NEUROLOGICAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Venners Vice President | 0 | $0 | |
David S Baskin MD President/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $56,240 |
| Interest on Savings | $0 |
| Dividends & Interest | $97,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,535 |
| Capital Gain Net Income | $78,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $231,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,268 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,749 |
| Total operating and administrative expenses | $23,017 |
| Contributions, gifts, grants paid | $137,000 |
| Total expenses and disbursements | $160,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $168,421 |
| Net Accounts receivable | $2,555 |
| 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 | $2,502,720 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,674,883 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Neurological Research Foundation Inc has awarded $137,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Jenkintown, PA PURPOSE: SUPPORT NEUROLOGICAL RESEARCH | $135,000 |
DR MARTYN SHARPE PHD PURPOSE: SUPPORT NEUROLOGICAL RESEARCH | $1,500 |
DR SANTOSH HELEKAR PHD PURPOSE: SUPPORT NEUROLOGICAL RESEARCH | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neurological Research Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Siff Charitable Foundation Worcester, MA PURPOSE: GENERAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Mind Research Network Albuquerque, NM | $3,071,604 | $13,923,047 |
The Gordon And Mary Cain Pediatric Neurology Research Foundation Bellaire, TX | $32,282,985 | $383,420 |
Neurological Research Foundation Inc Houston, TX | $2,674,883 | $231,939 |
Neurovascular Research Foundation New Orleans, LA | $95,753 | $4,583 |
Institute For Neuroscience And Consciousness Studies Inc Austin, TX | $69,364 | $0 |
Greater Houston Foundation For Medical Research And Education The Woodlands, TX | $91,379 | $0 |
Neuro-Science Research Foundation Inc Tulsa, OK | $0 | $0 |