Barrow Neurological Foundation
- Assets
- $237.9m
- Revenue
- $71.9m
- Investments
- $26.3m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/1962
- Data as of
- 06/2021
- EIN
- 86-0174371
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 06/2021, Barrow Neurological Foundation generated $71.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $23.8m during the year ending 06/2021. While expenses have increased by 7.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Cobb CEO | OfficerTrustee | 40 | $332,612 |
Michael Hecomovich Board Chair | OfficerTrustee | 1 | $0 |
Mitchel Sayere Vice Chair | OfficerTrustee | 1 | $0 |
Cheryl Najafi Board Secretary | OfficerTrustee | 1 | $0 |
Jim Swanson Treasurer | OfficerTrustee | 1 | $0 |
Ira Fulton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snell & Wilmer Legal | 6/29/21 | $843,402 |
Oh Partners Advertising | 6/29/21 | $225,000 |
Mercer Investments Llc Consulting | 6/29/21 | $168,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,996,228 |
| Investment income | $1,484,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,504,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$1,112,569 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,872,310 |
| Statement of Expenses | |
|---|---|
| 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 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 | $392,349 |
| Fees for services: Accounting | $53,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $319,194 |
| Fees for services: Other | $3,249,349 |
| Advertising and promotion | $816,866 |
| Office expenses | $329,522 |
| Information technology | $172,753 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,524 |
| 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 | $49,730 |
| All other expenses | $0 |
| Total functional expenses | $23,763,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,155,420 |
| Savings and temporary cash investments | $12,626,388 |
| Pledges and grants receivable | $49,893,765 |
| 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 |
| Investments—publicly traded securities | $139,919,322 |
| Investments—other securities | $26,271,892 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,240 |
| Total assets | $237,891,027 |
| Accounts payable and accrued expenses | $84,058 |
| Grants payable | $2,423,423 |
| 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 | $204,042 |
| Total liabilities | $2,711,523 |
| 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 |
| Total liabilities and net assets/fund balances | $235,179,504 |