Brain Sciences Foundation
- Assets
- $1.2m
- Revenue
- $20.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 95-4228636
Organization Overview
Brain Sciences Foundation is located in Los Angeles, CA. The organization was established in 1994. 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. Brain Sciences 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, Brain Sciences Foundation generated $20.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $12.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ONGOING SUPPORT FOR BASIC SLEEP RESEARCH CONDUCTED BY WEBSCIENCES PROPOSED PROJECTS INCLUDING DEVELOPING RESEARCH PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCOMPLISHMENTS DURING THE YEAR INCLUDE ONGOING SUPPORT OF BASIC SLEEP PROJECTS CONDUCTED BY WEBSCIENCES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chase PHD President | OfficerTrustee | 40 | $0 |
Yvonne Tobin CFO | OfficerTrustee | 40 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $20,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $333 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,841 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $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 | $1,250 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,880 |
| Fees for services: Other | $10 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,711 |
| 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 | $0 |
| Investments—publicly traded securities | $1,133,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,170,245 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,170,245 |
| 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 | $1,170,245 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brain Sciences Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Harry L Bradley Jr Charitable Fund Boston, MA PURPOSE: GENERAL SUPPORT OF RECIPIENT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spine Institute Foundation Westlake Village, CA | $581,336 | $87,105 |
Cognitive Neuroscience Institute Inc Carpinteria, CA | $451,509 | $384,548 |
Neurospring Inc Napa, CA | $1,547,924 | $600,314 |
Neurosciences Education And Research Foundation San Marcos, CA | $2,173,548 | $141,117 |
Neuroscience Support Corporation La Jolla, CA | $1,558,611 | $159 |
Neuro Immune Disease Alliance Inc Agoura Hills, CA | $40,078 | $0 |
Parkinsons Movement And Disorder Foundation Westminster, CA | $67,028 | $0 |
William H Adams Foundation For Als Research San Francisco, CA | $8,298 | $0 |
The Cajal Club Foundation Corporation Irvine, CA | $402,493 | $0 |
Sierra Spine Society Newbury Park, CA | $21,052 | $0 |
Brain Sciences Foundation Los Angeles, CA | $1,170,245 | $20,841 |
Deepmind Foundation Cupertino, CA | $964,804 | -$501,346 |