Neurosurgery Foundation Inc
- Assets
- $1.7m
- Revenue
- $151.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 11/1986
- Data as of
- 09/2021
- EIN
- 05-0414462
Organization Overview
Neurosurgery Foundation Inc is located in Providence, RI. The organization was established in 1986. According to its NTEE Classification (G96) the organization is classified as: Neurology & Neuroscience, 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. Neurosurgery 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 09/2021, Neurosurgery Foundation Inc generated $151.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $123.6k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HEALTH IN THE COMMUNITY, EDUCATE BROWN UNIVERSITY MEDICAL STUDENTS, AND ENGAGE IN MEDICAL RESEARCH AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SUPPORT FOR THE NEUROSURGERY DEPARTMENT OF RI HOSPITAL; CLINICAL AND CLASSROOM INSTRUCTION TO BROWN UNIVERSITY MEDICAL STUDENTS AND RHODE ISLAND HOSPITAL INTERNS AND RESIDENTS; TEACHING AND RESEARCH IN THE AREA OF NEUROSURGERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ziya L Gokaslan MD Faans Fac President | 3 | $0 | |
John B Murphy MD Director | 3 | $0 | |
Curtis E Doberstein MD Vice President | 3 | $0 | |
Mustafa Mazlumoglu Treasurer | 7 | $0 | |
Adetokunbo Oyelese MD Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,701 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $118,360 |
| Capital Gain Net Income | $118,360 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $437 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,146 |
| Printing and publications | $0 |
| Other expenses | $57,521 |
| Total operating and administrative expenses | $99,604 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $123,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,695 |
| 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 | $967,636 |
| Net Land, buildings, and equipment | $655 |
| Other assets | $0 |
| Total assets | $1,745,183 |
| Accounts payable and accrued expenses | $32,568 |
| 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 | $32,568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ch Neurology Foundation Inc Boston, MA | $38,253,224 | $41,294,317 |
Brown Neurology Providence, RI | $14,080,281 | $35,504,055 |
Pediatric Development Center Inc Pittsfield, MA | $2,403,383 | $2,341,228 |
Neurofibromatosis Incorporated Northeast Burlington, MA | $973,512 | $737,666 |
Neurosurgery Foundation Inc Providence, RI | $1,745,183 | $151,061 |
Baby Alex Foundation Inc Harvard, MA | $4,854 | $0 |