Neurological Recovery For The Armed Services
- Assets
- $0.0
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 10/2017
- Data as of
- 12/2020
- EIN
- 82-2264712
Organization Overview
Neurological Recovery For The Armed Services is located in Fort Worth, TX. The organization was established in 2017. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. Neurological Recovery For The Armed Services 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 12/2020, Neurological Recovery For The Armed Services generated $12.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.1%) each year. All expenses for the organization totaled $63.8k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE NEUROLOGICAL CARE TO VETERANS WITH BRAIN AND SPINAL INJURY USING INNOVATIVE ROBOTIC TECHNOLOGY AND VIRTUAL REALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES FOR THE NRAS PROJECT ARE PRIMARILY SALARIES FOR THERAPISTS AND RENTAL COSTS FOR THE TECHNOLOGY USED IN PATIENT CARE. BECAUSE THE PRESIDENT OF NRAS OWNS THE BUILDING AND EQUIPMENT USED FOR THE REHABILITATION PROGRAM, RENTAL COSTS, BOTH FOR OCCUPANCY AND EQUIPMENT, ARE SUBSIDIZED TO ALLOW THE ORGANIZATION TO MORE EFFICIENTLY FUND ITS MISSION. NRAS IS UNIQUE IN ITS ABILITY TO PROVIDE COMPREHENSIVE NEUROLOGICAL REHABILITATION, DIFFERENT FROM OTHER CLINICS IN ITS ABILITY TO MAINTAIN DIVERSE TREATMENTS WITHIN A SPECIALTY OF MEDICINE. PROGRAMS ARE TAILORED TO INCORPORATE THE THEORY OF NEURAL PLASTICITY, AND THERAPISTS STRUCTURE TREATMENT PLANS AROUND GOAL-ORIENTED THERAPY AND USE MODALITIES SUCH AS NEUROMODULATION AND VIRTUAL STIMULI TO PROMOTE FORMATIONS OF NEW SYNAPTIC PATHWAYS IN PATIENTS' BRAINS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Conti President | OfficerTrustee | 2 | $0 |
Alan Barron Secretary | OfficerTrustee | 0.25 | $0 |
Travis Lutter Director | Trustee | 0.25 | $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 | $2,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,250 |
| Total Program Service Revenue | $617 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,583 |
| 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 | $480 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $130 |
| 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 | $16,991 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $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 | $0 |
| 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 | $0 |
| 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 | $0 |