Erase Ptsd Now
- Assets
- $1.4m
- Revenue
- $36.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Schaumburg, IL
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-3006397
Organization Overview
Erase Ptsd Now is located in Schaumburg, IL. The organization was established in 2009. According to its NTEE Classification (H80) the organization is classified as: Specifically Named Diseases Research, under the broad grouping of Medical Research and related organizations. As of 12/2022, Erase Ptsd Now employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erase Ptsd Now 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, Erase Ptsd Now generated $36.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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 FACILITATE RESEARCH FOR AND ACCESS TO INNOVATIVE BIOLOGICAL TREATMENTS FOR VETERANS AND ALL OTHERS WHO HAVE FACED TRAUMATIC EXPERIENCES AND ARE SUFFERING FROM POST-TRAUMATIC STRESS INJURIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONEY SPENT TO DATE HAS BEEN USED TO PROVIDE A BIOLOGICAL TREATMENT FOR VETERANS, FIRST RESPONDERS AND OTHER PTSD SUFFERERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Toolan Chairman & P | OfficerTrustee | 2 | $0 |
Michelle Kukla Secretary | OfficerTrustee | 2 | $0 |
Kim Lodewyk Treasurer | OfficerTrustee | 2 | $0 |
Mark Doyle Director | Trustee | 2 | $0 |
Meredith Greenberg Director | Trustee | 2 | $0 |
Rose Isaily CFO | Officer | 5 | $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 | $27,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,302 |
| Total Program Service Revenue | $0 |
| Investment income | $9,449 |
| 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 | $36,751 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500,000 |
| Grants and other assistance to domestic individuals. | $529,560 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,000 |
| Compensation of current officers, directors, key employees. | $52,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,668 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $239,947 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,612 |
| 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 | $3,116 |
| Total functional expenses | $1,587,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,987 |
| Savings and temporary cash investments | $1,394,191 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,402,178 |
| 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 | $127,711 |
| Net assets with donor restrictions | $1,274,467 |
| 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 | $1,402,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Swine Health Information Center Inc Ames, IA | $6,710,364 | $4,434,819 |
Erase Ptsd Now Schaumburg, IL | $1,402,178 | $36,751 |
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