Brains Together For A Cure
- Assets
- $597.8k
- Revenue
- $98.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 61-1552453
Organization Overview
Brains Together For A Cure is located in Rochester, MN. The organization was established in 2008. 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. Brains Together For A Cure 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, Brains Together For A Cure generated $98.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $115.2k during the year ending 12/2021. While expenses have increased by 1.5% 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.
Since 2019, Brains Together For A Cure has awarded 11 individual grants totaling $451,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION: TO PROMOTE AWARENESS OF BRAIN TUMORS AND THE NEED FOR EFFECTIVE TREATMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRAINS TOGETHER FOR A CURE COORDINATES AN ANNUAL ADULT AND PEDIATRIC WALK/RUN FOR BRAIN TUMOR AWARENESS. IN 2021, DUE TO COVID RESTRICTIONS, THE EVENT WAS DONE AS A VIRTUAL EVENT AND HAD 138 PARTICIPANTS. TWO RESEARCH GRANTS WERE AWARDED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marjorie Severeid Secretary | Officer | 2 | $0 |
Susan Steinmetz President | Officer | 8 | $0 |
Michelle Kuhlmann Treasurer | Officer | 8 | $0 |
Jonathan Schwartz Director | Trustee | 2 | $0 |
Gesina Keating Director | Trustee | 2 | $0 |
Thomas Canan Director | Trustee | 2 | $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 | $73,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,383 |
| Total Program Service Revenue | $0 |
| Investment income | $8,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,318 |
| Net Income from Fundraising Events | $1,714 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,312 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,636 |
| Office expenses | $458 |
| Information technology | $480 |
| Royalties | $0 |
| Occupancy | $3,237 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $642 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358 |
| Insurance | $0 |
| All other expenses | $573 |
| Total functional expenses | $115,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,424 |
| Savings and temporary cash investments | $126,386 |
| 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 | $803 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $894 |
| Investments—publicly traded securities | $464,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $597,847 |
| 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 | $593,656 |
| Net assets with donor restrictions | $4,191 |
| 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 | $597,847 |
Grants Awarded
Over the last fiscal year, Brains Together For A Cure has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MAYO CLINIC RESEARCH - MICHAEL RUFF PURPOSE: CHIMERIC ANTIGEN RECEPTOR T CELL THERAPY | $50,000 |
MAYO CLINIC RESEARCH - CODY NESVICK PURPOSE: EPIGENETIC MECHANISMS OF DISEASE IN ATYP | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brains Together For A Cure has recieved totaling $249.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The International Parkinson And Movement Disorder Society Inc Milwaukee, WI | $48,331,901 | $12,317,485 |
Child Neurology Society St Paul, MN | $7,823,278 | $2,619,680 |
North American Neuro-Opthalmology Society Minneapolis, MN | $2,412,591 | $1,116,345 |
American Society Of Neurorehabilitation Roseville, MN | $516,758 | $324,854 |
Brains Together For A Cure Rochester, MN | $597,847 | $98,589 |