Barrow Neurological Foundation

Organization Overview

Barrow Neurological Foundation is located in Phoenix, AZ. The organization was established in 1962. According to its NTEE Classification (G11) the organization is classified as: Single Organization Support, 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. Barrow Neurological 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 06/2020, Barrow Neurological Foundation generated $31.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $37.8m during the year ending 06/2020. While expenses have increased by 17.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT BARROW NEUROLOGICAL INSTITUTE, A DIVISION OF DIGNITY HEALTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION RAISES FUNDS TO SUPPORT BARROW NEUROLOGICAL INSTITUTE, A DEPARTMENT OF ST. JOSEPH'S HOSPITAL AND MEDICAL CENTER IN PHOENIX, ARIZONA ('HOSPITAL').


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Board, Officers & Key Employees

Name (title)Compensation
Katherine Cobb
President And CEO
$314,970
Michael Hecomovich
Board Chair
$0
William Langer
Board Secretary
$0
Mitchel Sayare
Vice Chair
$0
Jim Swanson
Board Treasurer
$0
Tomas Gorney
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mercer Investments Llc
Consulting
$168,750
Snell & Wilmer
Legal
$843,402
Oh Partners
Advertising
$225,000
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$23,698,092
Investment income $2,018,236
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,968,103
Net Income from Fundraising Events -$148,801
Net Income from Gaming Activities $402,976
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,938,606

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Barrow Neurological Foundation has recieved totaling $190,030.

Awarding OrganizationAmount
Herbert H And Barbara C Dow Foundation

Frankfort, MI

PURPOSE: LEWIS HEADACHE CENTER MATCHING GIFT

$52,000
Kramer Family Foundation

Paradise Valley, AZ

PURPOSE: MEDICAL RESEARCH

$50,000
Richard Stravitz Foundation

Virginia Beach, VA

PURPOSE: ALS RESEARCH

$31,000
Als Cure Project Inc

Pleasanton, CA

PURPOSE: Neuro Research

$25,000
Timothy T Day Foundation Inc

Phoenix, AZ

PURPOSE: HEALTH SERVICES

$20,000
Lisa Family Foundation Inc

Paradise Valley, AZ

PURPOSE: TO FUND PATIENT CARE, RESEARCH, MEDICAL EDUCATION, COMMUNITY OUTREACH AND CLINICAL PROGRAMS OF BARROW NEUROLOGICAL INSTITUTE AT ST. JOSEPH'S HOSPITAL.

$7,030
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$59,820,070
Earnings$9,458,184
Net Contributions$303,795
Other Expense$1,852,504
Ending Balance$67,729,545

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