Ibrea Foundation
- Assets
- $1.4m
- Revenue
- $405.3k
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 10/2008
- Data as of
- 12/2022
- EIN
- 26-2331802
Organization Overview
Ibrea Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (H48) the organization is classified as: Brain Disorders Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Ibrea Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ibrea 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 12/2022, Ibrea Foundation generated $405.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $302.0k during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRAIN EDUCATION AND RESEARCH: TO INCREASE AWARENESS OF THE HUMAN BRAIN'S POTENTIAL THROUGH HOLISTIC BRAIN EDUCATION, TO DISSEMINATE INFORMATION THROUGH EDUCATIONAL CONFERENCES, PUBLICATIONS AND EVENTS AND UNITED NATIONS (UN) ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isabel Pastor Guzman Director/sec | OfficerTrustee | 40 | $36,000 |
Ju Eun Shin Director/tre | OfficerTrustee | 40 | $36,000 |
Anne Covert Board Chair | Trustee | 5 | $0 |
Collette Hemmings Director | Trustee | 10 | $0 |
Kyung Run Kim Director | Trustee | 2 | $0 |
Sung Hee Kim Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,602 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,476 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,663 |
| Total Program Service Revenue | $118,649 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $405,337 |
| 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 | $30,000 |
| 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 | $78,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,983 |
| Payroll taxes | $6,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,556 |
| Advertising and promotion | $5,070 |
| Office expenses | $22,408 |
| Information technology | $464 |
| Royalties | $0 |
| Occupancy | $65,633 |
| Travel | $20,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,389 |
| Interest | $15,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,479 |
| Insurance | $7,540 |
| All other expenses | $0 |
| Total functional expenses | $301,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $834 |
| 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 | $5,510 |
| Net Land, buildings, and equipment | $656,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $60,000 |
| Intangible assets | $11,823 |
| Other assets | $142,025 |
| Total assets | $1,363,386 |
| Accounts payable and accrued expenses | $6,348 |
| 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 | $585,048 |
| Total liabilities | $591,396 |
| Net assets without donor restrictions | $771,990 |
| 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 | $1,363,386 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The International Academy Of Hope New York, NY | $17,556,866 | $18,933,969 |
Tisch Multiple Sclerosis Research Center Of New York Inc New York, NY | $34,331,783 | $10,932,221 |
Ibrea Foundation New York, NY | $1,363,386 | $405,337 |
Apbd Research Foundation Brooklyn, NY | $557,383 | $405,243 |
Bounce Out The Stigma Project Inc Allendale, NJ | $32,989 | $0 |
Mind Your Brain Berwyn, PA | $132,736 | $133,198 |
Nci Clinical Research Foundation Inc Somerset, NJ | $11,327 | $104,833 |
Pierce Family Fragile X Foundation Inc Winchester, MA | $40,753 | $0 |
Charles Maddock Foundation New York, NY | $0 | $391 |
Neuronetworks Fund Inc New Canaan, CT | $156,501 | $0 |
Jess Fin Foundation Zionsville, PA | $11,847 | $29,775 |
Irene & Eric Simon Brain Research Foundation Inc Sparta, NJ | $311,547 | $0 |
Brain Injury Foundation Bala Cynwyd, PA | $630 | $100 |
Broderick Brain Foundation Bronx, NY | $1,095 | $159 |
Bryces Bridge Of Hope Thorofare, NJ | $5,744 | $0 |
Cure Developmental Brain Defects Now Foundation New York, NY | $149 | $0 |
A Round Fore Awareness Inc Southbury, CT | $0 | $0 |