Brainfutures Incorporated
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 12/1975
- Data as of
- 06/2022
- EIN
- 52-0701916
Organization Overview
Brainfutures Incorporated is located in Lutherville, MD. The organization was established in 1975. According to its NTEE Classification (F80) the organization is classified as: Mental Health Associations, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brainfutures Incorporated 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 06/2022, Brainfutures Incorporated generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $849.0k during the year ending 06/2022. While expenses have increased by 28.8% per year over the past 4 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. RESEARCH AND POLICY: RELEASED AN AT HOME GUIDE TO YOUTH BRAIN FITNESS PROGRAMS FOR EDUCATORS AND FAMILIES AS AN ADDENDUM TO OUR 2019 COMPREHENSIVE ASSESSMENT OF CLASSROOM-BASED PROGRAMS, AND RELEASED A RESEARCH REVIEW ON THE EFFECTIVENESS OF NEUROFEEDBACK FOR CERTAIN BEHAVIORAL HEALTH CONDITIONS. 2. OUTREACH AND EDUCATION: EDUCATED THE PUBLIC THROUGH RELEASE OF PRINT MATERIALS, DIGITAL NEWSLETTERS AND SOCIAL MEDIA, CONFERENCE PRESENTATIONS TO PROFESSIONAL AUDIENCES, AND AUTHORING ARTICLES FOR SELECT NATIONAL PUBLICATIONS.
- RESEARCH AND POLICY: RELEASED A PAPER SERIES ON A NEW CLASS OF DRUGS, THAT WHEN COMBINED WITH PSYCHOTHERAPY, ARE SHOWING EFFICACY IN TREATING VARIOUS BRAIN BASED INDICATIONS INCLUDING POST TRAUMATIC STRESS DISORDER, TREATMENT RESISTANT DEPRESSION AND MAJOR DEPRESSIVE DISORDER. - OUTREACH AND EDUCATION: EDUCATED THE PUBLIC THROUGH RELEASE OF PRINT MATERIALS, DIGITAL NEWSLETTERS AND SOCIAL MEDIA, CONFERENCE PRESENTATIONS TO PROFESSIONAL AUDIENCES, AND AUTHORING ARTICLES FOR SELECT NATIONAL PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Raines Chief Executive Officer | Officer | 1 | $0 |
Teresa Fields Chief Administrative Officer | Officer | 1 | $0 |
George Kimes President | OfficerTrustee | 1 | $0 |
Timothy Santoni Treasurer/secretary | OfficerTrustee | 1 | $0 |
Henry Harbin Member | Trustee | 1 | $0 |
Randall Lutz Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $480,993 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $969,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,450,779 |
| Total Program Service Revenue | $0 |
| Investment income | $273 |
| 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 | $1,451,052 |
| 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 | $563,468 |
| Fees for services: Legal | $558 |
| Fees for services: Accounting | $11,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $249,702 |
| Advertising and promotion | $29 |
| Office expenses | $12,542 |
| Information technology | $2,517 |
| 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 | $2,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,904 |
| All other expenses | $0 |
| Total functional expenses | $849,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,043,542 |
| Savings and temporary cash investments | $305,527 |
| Pledges and grants receivable | $125,000 |
| 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 | $404 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,048 |
| Total assets | $1,562,521 |
| Accounts payable and accrued expenses | $101,998 |
| 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 | $491,230 |
| Total liabilities | $593,228 |
| Net assets without donor restrictions | $194,293 |
| Net assets with donor restrictions | $775,000 |
| 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 | $1,562,521 |