Neurological Research Foundation Inc
- Assets
- $2.6m
- Revenue
- $73.3k
- Investments
- $2.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 91-1769991
Organization Overview
Neurological Research Foundation Inc is located in Houston, TX. The organization was established in 1997. 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. Neurological Research Foundation Inc 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 12/2022, Neurological Research Foundation Inc generated $73.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $182.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Neurological Research Foundation Inc has awarded 14 individual grants totaling $747,888. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO DOCTOR WHICH PROMOTE AND FOSTER NEUROLOGICAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Baskin MD President/treasurer | 0 | $0 | |
Theodore Venners Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,187 |
| Interest on Savings | $0 |
| Dividends & Interest | $80,796 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$30,689 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,579 |
| Total operating and administrative expenses | $23,715 |
| Contributions, gifts, grants paid | $158,990 |
| Total expenses and disbursements | $182,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,444 |
| Net Accounts receivable | $2,555 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,364,711 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,561,902 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Neurological Research Foundation Inc has awarded $158,990 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHILANTHROPIC TRUST PURPOSE: SUPPORT NEUROLOGICAL RESEARCH | $153,990 |
DR MARTYN SHARPE PHD PURPOSE: SUPPORT NEUROLOGICAL RESEARCH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Mind Research Network Albuquerque, NM | $3,071,604 | $13,923,047 |
The Gordon And Mary Cain Pediatric Neurology Research Foundation Bellaire, TX | $29,949,174 | $1,426,046 |
Neurological Research Foundation Inc Houston, TX | $2,561,902 | $73,294 |
Greater Houston Foundation For Medical Research And Education The Woodlands, TX | $27,895 | $0 |
Neurovascular Research Foundation New Orleans, LA | $95,753 | $4,583 |
Institute For Neuroscience And Consciousness Studies Inc Austin, TX | $67,840 | $0 |
Neuro-Science Research Foundation Inc Tulsa, OK | $0 | $0 |