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Ibrea Foundation

Tax-deductible

New York, NY501(c)(3)Medical Research EIN 26-2331802Revenue $256K in FY2024

On file with the IRSibreaus.org866 United Nations Plz Rm 407, 10017-1831 · New York, NYTax-exempt since Oct 2008Publicly supported charity — 170(b)(1)(A)(vi)

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To increase awareness of the human brain's capacity to create health, happiness, and peace for individuals, communities, and nations through holistic brain education.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
Run by 4 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $6K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 24% of spending
Top officer’s pay lower than 74% of similar orgs
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 17.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$635K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
-2% vs prior year
Spent
$299K
To programs
63%
Net assets
$691K
By yearFY2020–FY2024
Revenue
$256K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$180K
FY2021$344K
FY2022$405K
FY2023$262K
FY2024$256K
Expenses
$299K
FY2024▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$176K
FY2021$342K
FY2022$302K
FY2023$301K
FY2024$299K
Net assets
$691K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$723K
FY2021$725K
FY2022$772K
FY2023$734K
FY2024$691K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $188K Management & general 33% · $97K Fundraising 5% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
$36,000Pt VII · Sec A
Ju Eun Shin
Director/Tre
$36,000Pt VII · Sec A
Anne Covert
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sung Hee Kim
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Isabel Pastor Guzman’s $36K as Director/Sec is at the 26th percentile of top reported officer pay among 328 $100K–1M medical research nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Isabel Pastor Guzman$36,000$36,000$36,000$35,600$16,109
Ju Eun Shin$36,000$36,000$36,000$35,600$15,942

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates people on how the brain creates health, happiness, and peace.

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Provided by the organization

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1 program · $188K · in their own filed words · FY2024
01

Brain Education and Research

To increase awareness of the human brain's potential through holistic brain education, to disseminate information through educational conferences, publications and events and united nations (un) action.

$188Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
West Harlem Development CorporationFY2024$25K
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$256K
Ln 12
Gifts and grantsLn 1h$170K
Fees for servicesLn 2g$82K
Investment incomeLn 3$3K
Money outPt IX
$299K
Ln 25
Programscol B$188K
Managementcol C$97K
Fundraisingcol D$14K
Owns and owesPt X
$691K
net assets · Ln 32
Cash and savingsLn 1–2$428K
Total assetsLn 16$1.3M
LiabilitiesLn 26$635K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$170K
Government grantsLn 1e$6K
Fees for servicesLn 2g$82K
Investment incomeLn 3$3K
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$428K
Cash and savings togetherLn 1–2$428K
InvestmentsLn 11–13$60K
Land, buildings, equipmentLn 10c$615K
Other assetsLn 15$203K
Total assetsLn 16$1.3M
LiabilitiesLn 26$635K
Net assetsLn 32$691K
OperationsPt I, VI
EmployeesI 52
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$456K$428K
InvestmentsLn 11–13$60K$60K
Land, buildings, equipmentLn 10c$638K$615K
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$538K$635K
Net assetsLn 32$734K$691K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$20K$20K
Other salaries and wagesLn 7$74K$38K$25K$11K
Other employee benefitsLn 9$2K$1K$756$324
Payroll taxesLn 10$6K$3K$2K$944
Accounting feesLn 11c$7K$4K$4K
Other fees for servicesLn 11g$5K$2K$2K$281
Advertising and promotionLn 12$5K$4K$1K
Office expensesLn 13$14K$9K$4K$286
Information technologyLn 14$2K$1K$1K
OccupancyLn 16$70K$56K$14K$799
TravelLn 17$9K$8K$2K
Conferences, conventions and meetingsLn 19$15K$14K$449
InterestLn 20$30K$12K$19K$112
Depreciation, depletion and amortizationLn 22$23K$7K$15K
InsuranceLn 23$8K$4K$4K
Other expenses (24a–d)Ln 24$8K$4K$3K$257
Total functional expensesLn 25$299K$188K$97K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $256K$299K−$43K$691K 990 PDF
FY2023 $262K$301K−$38K$734K 990 PDF
FY2022 $405K$302K$103K$772K 990 PDF
FY2021 $344K$342K$3K$725K 990 PDF
FY2020 $180K$176K$5K$723K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $255,669 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $155,247$170,170
I-9 Program service revenuePrior year $103,706$82,397
I-10 Investment incomePrior year $11$3,102
I-11 Other revenuePrior year $3,172$0
I-12 Total revenuePrior year $262,136$255,669
I-13 Grants and similar amounts paid$20,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $100,177$83,084
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $200,379$195,483
I-18 Total expensesPrior year $300,556$298,567
I-19 Revenue less expensesPrior year −$38,420−$42,898
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $255,669 across 7 lines filed
VIII-1b Membership dues$5,000
VIII-1e Government grants$5,682
VIII-1f All other contributions, gifts and grants$159,488
VIII-1h Total contributions, gifts and grants$170,170
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $82,397$82,397
VIII-3 Investment incomeExcluded from tax $3,102$3,102
VIII-12 Total revenueRelated to mission $82,397 · Excluded from tax $3,102$255,669
Part IX · Statement of functional expenses $298,567 across 16 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $20,000$20,000
IX-7 Other salaries and wagesPrograms $38,490 · Management $25,200 · Fundraising $10,800$74,490
IX-9 Other employee benefitsPrograms $1,080 · Management $756 · Fundraising $324$2,160
IX-10 Payroll taxesPrograms $3,288 · Management $2,202 · Fundraising $944$6,434
IX-11c Accounting feesPrograms $3,600 · Management $3,600$7,200
IX-11g Other fees for servicesPrograms $2,110 · Management $2,297 · Fundraising $281$4,688
IX-12 Advertising and promotionPrograms $3,932 · Management $1,459$5,391
IX-13 Office expensesPrograms $9,349 · Management $3,978 · Fundraising $286$13,613
IX-14 Information technologyPrograms $1,020 · Management $1,020$2,040
IX-16 OccupancyPrograms $55,520 · Management $13,582 · Fundraising $799$69,901
IX-17 TravelPrograms $7,624 · Management $1,550$9,174
IX-19 Conferences, conventions and meetingsPrograms $14,489 · Management $449$14,938
IX-20 InterestPrograms $11,579 · Management $18,509 · Fundraising $112$30,200
IX-22 Depreciation, depletion and amortizationPrograms $7,481 · Management $15,314$22,795
IX-23 InsurancePrograms $3,872 · Management $3,872$7,744
IX-24 Other expenses (24a–d)Programs $4,289 · Management $3,253 · Fundraising $257$7,799
IX-25 Total functional expensesPrograms $187,723 · Management $97,041 · Fundraising $13,803$298,567
Part X · Balance sheet $1,325,653 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $456,305$427,934
X-9 Prepaid expenses and deferred chargesStart of year $6,291$7,188
X-10c Land, buildings and equipment, netStart of year $638,103$615,310
X-13 Program-related investmentsStart of year $60,000$60,000
X-14 Intangible assetsStart of year $11,823$11,823
X-15 Other assetsStart of year $98,058$203,398
X-16 Total assetsStart of year $1,271,414$1,325,653
X-17 Accounts payable and accrued expensesStart of year $10,569$6,913
X-25 Other liabilitiesStart of year $527,275$628,068
X-26 Total liabilitiesStart of year $537,844$634,981
X-27 Net assets without donor restrictionsStart of year $733,570$690,672
X-32 Total net assets or fund balancesStart of year $733,570$690,672
X-33 Total liabilities and net assetsStart of year $1,271,414$1,325,653
Part XI · Reconciliation of net assets $690,672 net assets at year end
XI-1 Total revenue$255,669
XI-2 Total expenses$298,567
XI-3 Revenue less expenses−$42,898
XI-4 Net assets at start of year$733,570
XI-10 Net assets at end of year$690,672

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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