The American Brain Foundation accelerates breakthrough research across Brain diseases and disorders by investing in innovative science, early-career investigators, and cross-disease discoveries that advance treatments, cures, and Brain health for all.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 48 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.3M a year · 17% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$795K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $14.1M in investments, Pt X · Ln 11–13
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.8M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.8M
+26% vs prior year
Spent
$11.0M
To programs
82%
Net assets
$18.3M
By yearFY2020–FY2025
Revenue
$7.8M
FY2025▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.9M
FY2021$8.9M
FY2022$5.9M
FY2023$10.4M
FY2024$6.2M
FY2025$7.8M
Expenses
$11.0M
FY2025▲ +110%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.1M
FY2021$4.5M
FY2022$7.7M
FY2023$5.0M
FY2024$5.3M
FY2025$11.0M
Net assets
$18.3M
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.7M
FY2021$16.5M
FY2022$13.2M
FY2023$19.5M
FY2024$20.2M
FY2025$18.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1993.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $9.0M Management & general 7% · $734K Fundraising 11% · $1.3M

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

21 people listed on the 990; $795K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$365,800Pt VII · Sec A
Deputy Director
$170,000Pt VII · Sec A
Director, Research Programs & Partnerships
$131,435Pt VII · Sec A
Director of Operations
$128,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Heritage’s $366K as Executive Director is at the 93rd percentile of top reported officer pay among 360 $1–10M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jane Ransom——$371,331$308,660$295,079$281,328
Michelle Heritage$365,800$262,990————
Heather Heart$170,000—————
Emily Christian—$165,667$143,081$144,769$121,630—
Julia Miglets-Nelson$131,435—————
Kimberly Howard$128,000—————
Julia Mglets-Nelson—$123,111————

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds scientists to accelerate brain disease research and optimize brain health.

Questions for American Brain Foundation

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Provided by the organization

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2 programs · $9.0M · in their own filed words · FY2025
01

In 2025, the foundation invested in research across multiple brain diseases through its next generation research grants and cure one, cure many initiatives. It funded early-career investigators and innovative projects in als, ald, alzheimer's and age-related cognitive decline, epilepsy, frontotemporal degeneration, lewy body diseases…

$8.1Mprogram expense
02

The foundation advanced public understanding of brain research and brain health through educational content, research updates, patient and caregiver stories, public events, and donor engagement. These efforts helped people see the connections among brain diseases, reduce stigma, and understand the urgency and promise of research.

$890Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Gibson GivesFY2025$5K
Total grants receivedfrom 2 funders$10K
Grants paid · 18 grants · $22.6M · 2020–2025
Society for NeuroscienceDC · FY2025$25,000
National Multiple Sclerosis SocietyFY2023$75,000
Johns Hopkins UniversityMD · FY2023$16,378
National Multiple Sclerosis SocietyFY2022$75,000
Hilarity for Charity INCCA · FY2022$10,000
Sameyou FoundationFY2020$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.8M
Ln 12
Gifts and grantsLn 1h$7.6M
Investment incomeLn 3$654K
Money outPt IX
$11.0M
Ln 25
Programscol B$9.0M
Managementcol C$734K
Fundraisingcol D$1.3M
Owns and owesPt X
$18.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$22.1M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
21
listed · VII A
PaidVII A4
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.6M
Noncash giftsLn 1g$23K
Fundraising eventsLn 1c$1.2M
Investment incomeLn 3$654K
Gains on assetsLn 7$16K
Total revenueLn 12$7.8M
Assets in detailPt X, end of year
CashLn 1$338K
SavingsLn 2$3.7M
Cash and savings togetherLn 1–2$4.0M
InvestmentsLn 11–13$14.1M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$22.1M
LiabilitiesLn 26$3.8M
Net assetsLn 32$18.3M
OperationsPt I, VI
EmployeesI 515
VolunteersI 648
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 FY25End FY25
Cash and savingsLn 1–2$5.1M$4.0M
InvestmentsLn 11–13$12.1M$14.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$21.6M$22.1M
LiabilitiesLn 26$1.4M$3.8M
Net assetsLn 32$20.2M$18.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.1M$8.1M
Pay of current officers, directors and key staffLn 5$400K$28K$180K$192K
Other salaries and wagesLn 7$1.2M$495K$52K$605K
Pension plan contributionsLn 8$151K$52K$22K$78K
Other employee benefitsLn 9$115K$49K$6K$60K
Payroll taxesLn 10$106K$36K$15K$55K
Management feesLn 11a$154K$154K
Legal feesLn 11b$37K$20K$6K$12K
Accounting feesLn 11c$27K$14K$5K$8K
Investment management feesLn 11f$74K$74K
Other fees for servicesLn 11g$17K$9K$3K$5K
Advertising and promotionLn 12$201K$106K$34K$61K
Office expensesLn 13$90K$15K$41K$35K
Information technologyLn 14$99K$5K$11K$84K
TravelLn 17$160K$50K$88K$22K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$92K$11K$31K$50K
Total functional expensesLn 25$11.0M$9.0M$734K$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.8M$11.0M−$3.2M$18.3M 990 PDF
FY2024 $6.2M$5.3M$985K$20.2M 990 PDF
FY2023 $10.4M$5.0M$5.4M$19.5M 990 PDF
FY2022 $5.9M$7.7M−$1.8M$13.2M 990 PDF
FY2021 $8.9M$4.5M$4.4M$16.5M 990 PDF
FY2020 $5.9M$4.1M$1.8M$13.7M 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $7,843,535 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,775,187$7,608,054
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $512,199$654,254
I-11 Other revenuePrior year −$47,358−$418,773
I-12 Total revenuePrior year $6,240,028$7,843,535
I-13 Grants and similar amounts paidPrior year $2,384,275$8,135,005
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,563,823$1,923,644
I-16a Professional fundraising feesPrior year $18,000$0
I-17 Other expensesPrior year $1,288,705$966,375
I-18 Total expensesPrior year $5,254,803$11,025,024
I-19 Revenue less expensesPrior year $985,225−$3,181,489
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
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 $7,843,535 across 9 lines filed
VIII-1c Fundraising events$1,181,398
VIII-1f All other contributions, gifts and grants$6,426,656
VIII-1g Noncash contributions (included above)$22,925
VIII-1h Total contributions, gifts and grants$7,608,054
VIII-3 Investment incomeExcluded from tax $638,380$638,380
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,874$15,874
VIII-8 Net income from fundraising eventsExcluded from tax −$425,558−$425,558
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,785$6,785
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $235,481$7,843,535
Part IX · Statement of functional expenses $11,025,024 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $8,135,005$8,135,005
IX-5 Pay of current officers, directors and key staffPrograms $28,005 · Management $180,034 · Fundraising $192,036$400,075
IX-7 Other salaries and wagesPrograms $494,690 · Management $52,083 · Fundraising $604,687$1,151,460
IX-8 Pension plan contributionsPrograms $51,751 · Management $21,554 · Fundraising $77,610$150,915
IX-9 Other employee benefitsPrograms $48,808 · Management $5,900 · Fundraising $60,338$115,046
IX-10 Payroll taxesPrograms $36,400 · Management $15,160 · Fundraising $54,588$106,148
IX-11a Management feesManagement $153,987$153,987
IX-11b Legal feesPrograms $19,589 · Management $6,259 · Fundraising $11,602$37,450
IX-11c Accounting feesPrograms $14,318 · Management $4,575 · Fundraising $8,480$27,373
IX-11f Investment management feesManagement $74,283$74,283
IX-11g Other fees for servicesPrograms $9,088 · Management $2,903 · Fundraising $5,384$17,375
IX-12 Advertising and promotionPrograms $106,321 · Management $33,971 · Fundraising $60,973$201,265
IX-13 Office expensesPrograms $14,945 · Management $40,884 · Fundraising $34,595$90,424
IX-14 Information technologyPrograms $4,748 · Management $10,573 · Fundraising $84,118$99,439
IX-17 TravelPrograms $50,071 · Management $88,268 · Fundraising $21,685$160,024
IX-23 InsuranceManagement $12,813$12,813
IX-24 Other expenses (24a–d)Programs $11,158 · Management $30,523 · Fundraising $50,261$91,942
IX-25 Total functional expensesPrograms $9,024,897 · Management $733,770 · Fundraising $1,266,357$11,025,024
Part X · Balance sheet $22,081,098 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,027,870$338,455
X-2 Savings and temporary cash investmentsStart of year $4,083,926$3,697,977
X-3 Pledges and grants receivableStart of year $4,270,938$3,847,926
X-4 Accounts receivableStart of year $84,807$11,372
X-9 Prepaid expenses and deferred chargesStart of year $40,021$54,888
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $12,113,907$14,130,480
X-16 Total assetsStart of year $21,621,469$22,081,098
X-17 Accounts payable and accrued expensesStart of year $127,764$148,911
X-18 Grants payableStart of year $1,268,751$3,614,589
X-26 Total liabilitiesStart of year $1,396,515$3,763,500
X-27 Net assets without donor restrictionsStart of year $7,431,093$9,253,927
X-28 Net assets with donor restrictionsStart of year $12,793,861$9,063,671
X-32 Total net assets or fund balancesStart of year $20,224,954$18,317,598
X-33 Total liabilities and net assetsStart of year $21,621,469$22,081,098
Part XI · Reconciliation of net assets $18,317,598 net assets at year end
XI-1 Total revenue$7,843,535
XI-2 Total expenses$11,025,024
XI-3 Revenue less expenses−$3,181,489
XI-4 Net assets at start of year$20,224,954
XI-5 Net unrealized gains (losses) on investments$1,274,133
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,317,598

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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