Parkinson Research Foundation Inc
- Assets
- $2.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Sarasota, FL
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 20-0205035
Organization Overview
Parkinson Research Foundation Inc is located in Sarasota, FL. The organization was established in 2003. According to its NTEE Classification (G80) the organization is classified as: Specifically Named Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Parkinson Research Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parkinson 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, Parkinson Research Foundation Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PARKINSON RESEARCH FOUNDATION IS TO HELP FIND A CURE FOR PARKINSONS DISEASE THROUGH FUNDING RESEARCH, WHILE PROVIDING EDUCATION AND SERVICES THAT IMPROVE THE QUALITY OF LIFE TODAY FOR THOSE LIVING WITH PARKINSONS AND CAREGIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKINSON PLACE IS A 9,000 SQ FT COMPREHENSIVE CARE CENTER DEDICATED EXCLUSIVELY TO THE PHYSICAL, MENTAL, EMOTIONAL AND SOCIAL NEEDS OF PARKINSON PATIENTS, THEIR FAMILIES AND CAREGIVERS. EVIDENCE BASED PROGRAMS SUPPORT A BETTER LIFE TODAY FOR THOSE LIVING WITH PARKINSONS DISEASE. THE INTEGRATIVE MEDICINE PROGRAM OFFERS OVER 65 FREE CLASSES PER MONTH INCLUDING YOGA, TAI-CHI, PILATES, FUN FITNESS, DANCE, VOICE, MUSIC, BOXING, FITNESS AND EXERCISE.
PRF EDUCATION AND OUTREACH PROGRAMS - THE PRF WEBSITE WWW.PARKINSONHOPE.ORG PROVIDES THE LATEST IN PARKINSON RESEARCH, TREATMENT AND RESOURCES TO PD PATIENTS AND CAREGIVERS. THIS WEBSITE HAS AN AVERAGE OF 60,000 HITS FROM ALL OVER THE WORLD. PRF NEWSLSETTER KEEPS THE PD COMMUNITY INFORMED ON A QUARTERLY BASIS ABOUT THE LATEST IN RESEARCH, CLINICAL UPDATES AND PRACTICAL TIPS FOR LIVING WELL WITH PD. THE PD UPDATE HAS AN ANNUAL CIRCULATION OF OVER 120,000 COPIES.
FUNDING FOR RESEARCH DEDICATED TO DISCOVERING CURES AND TREATMENTS FOR PARKINSONS DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Hoffheimer President | OfficerTrustee | 20 | $81,000 |
Linda Patterson Treasurer | OfficerTrustee | 20 | $70,000 |
Dustin Tenney Employee | 14 | $42,820 | |
Amy Carroll Secretary | OfficerTrustee | 2 | $0 |
Donna J Auger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,190,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,362,525 |
| Total Program Service Revenue | $0 |
| Investment income | $15,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $169,417 |
| Net Gain/Loss on Asset Sales | -$4,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,542,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $481,829 |
| 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. | $151,000 |
| Compensation of current officers, directors, key employees. | $116,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,004 |
| Payroll taxes | $21,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $17,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $45,830 |
| Fees for services: Investment Management | $9,281 |
| Fees for services: Other | $25,204 |
| Advertising and promotion | $0 |
| Office expenses | $29,296 |
| Information technology | $3,455 |
| Royalties | $0 |
| Occupancy | $217,748 |
| 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 | $541 |
| Insurance | $8,652 |
| All other expenses | $26,185 |
| Total functional expenses | $1,962,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $992,117 |
| Savings and temporary cash investments | $0 |
| 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 | $37,026 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,140 |
| Net Land, buildings, and equipment | $3,113 |
| Investments—publicly traded securities | $1,265,823 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,347,219 |
| Accounts payable and accrued expenses | $93,866 |
| 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 | $10,777 |
| Total liabilities | $104,643 |
| Net assets without donor restrictions | $2,242,576 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,347,219 |
Grants Awarded
Over the last fiscal year, Parkinson Research Foundation Inc has awarded $481,829 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL | | $431,829 |
NEUROGENERATION INSTITUTE | | | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parkinson Research Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Vander Meer Family Foundation Loveland, CO PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Game Changers Hoover, AL | $172,690 | $2,825,317 |
Fidec Inc Miami, FL | $10,721,016 | $5,119,630 |
The International Waldenstroms Macroglobulinemia Foundation Inc Sarasota, FL | $7,402,039 | $4,461,160 |
Parkinson Research Foundation Inc Sarasota, FL | $2,347,219 | $2,542,690 |
The Als Association Of Georgia Inc Atlanta, GA | $1,686,109 | $1,269,205 |
Dyslexia Resource Trust Inc Atlanta, GA | $1,477,246 | $1,480,098 |
Workplace Injury Litigation Group Inc New Port Richey, FL | $673,657 | $1,040,739 |
Lupus Foundation Of America Georgia Chapter Inc Smyrna, GA | $558,120 | $586,075 |
Gout Education Society Inc Gainesville, FL | $521,772 | $355,100 |
Usher 2020 Foundation Inc Atlanta, GA | $551,033 | $558,053 |
Down Syndrome Foundation Of Florida Inc Orlando, FL | $554,854 | $431,150 |
Elizabeth Burns Yost Trust Southern National Bank Of Nc Trust Orlando, FL | $2,212,429 | $86,566 |