Neurotech Institute Inc
- Assets
- $9.0m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- Data as of
- 09/2022
- EIN
- 88-2087533
Organization Overview
Neurotech Institute Inc is located in Columbus, OH. According to its NTEE Classification (H96) the organization is classified as: Neurology & Neuroscience Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neurotech Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEUROTECH INSTITUTE, INC (NTI) HAS THREE INTERNAL PROGRAM AREAS, TERMED "PILLARS": CYBERPHYSICAL SOLUTIONS, NETWORK OF THE MIND SOLUTIONS, AND CELL MODULATION SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CYBERPHYSICAL SOLUTIONS - IMPLANTABLES AND WEARABLES TO RESTORE COMMUNICATION IN DISEASES CHARACTERIZED BY LOSS OF NORMAL NEURAL COMMUNICATION (E.G. SPINAL CORD INJURY).
NETWORK OF THE MIND SOLUTIONS - COMPUTATIONAL TECHNIQUES TO DESCRIBE BRAIN NETWORKS IN HEALTH AND DISEASE ENABLING BETTER DIAGNOSES OF NEUROLOGICAL, PSYCHIATRIC AND DEVELOPMENTAL DISORDERS, AND SUGGEST TREATMENT METHODS.
CELL MODULATION SOLUTIONS - DEVISES AND THERAPEUTICS TO TREAT MONO-GENETIC DISORDERS OF THE NERVOUS SYSTEM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Lucas President/ceo/sectretary | OfficerTrustee | 40 | $0 |
Deborah Chudzik Director | Trustee | 1 | $0 |
Gregory Kimmel Director | Trustee | 1 | $0 |
Russell Lonser Director | Trustee | 1 | $0 |
Justin Sanchez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $10,000,000 |
| 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. | $733,936 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,842 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,779 |
| Advertising and promotion | $2,500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,082 |
| 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 | $0 |
| All other expenses | $781 |
| Total functional expenses | $1,009,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,945,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,045,338 |
| 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 | $8,990,340 |
| 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 | $8,990,340 |
| Total liabilities and net assets/fund balances | $8,990,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neurosurgery Foundation At Goodman Campbell Inc Carmel, IN | $6,206,379 | $2,347,213 |
Neurotech Institute Inc Columbus, OH | $8,990,340 | $10,000,000 |
Insight Research Institute Flint, MI | $348,276 | $1,079,880 |
Mdds Balance Disorder Foundationinc Audubon, PA | $736,828 | $155,342 |
Colleen Shea Childrens Foundation Wilkes Barre, PA | $101,922 | $0 |
Milan S Miracle Fund Inc Grand Rapids, MI | $4,860 | $0 |
Pennsylvania Neurological Society York, PA | $249,915 | $97,409 |
Adams Brain Charity Speedway, IN | $2,215 | $0 |