American Brain Foundation FY2020 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 1992Medical ResearchEIN 41-1717098Revenue $5.9M in FY2020

On file with the IRSamericanbrainfoundation.org2909 Wayzata Blvd Ste 62124, 55405-2126 · Minneapolis, MNTax-exempt since May 1993Publicly supported charity — 170(b)(1)(A)(vi)

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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.
67¢ of each $1 spent went to programs.
$281K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$281K
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
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 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
$1.4M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.9M
Spent
$4.1M
To programs
67%
Net assets
$13.7M
By yearFY2020–FY2025
Revenue
$5.9M
FY2020
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
$4.1M
FY2020
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
$13.7M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

67 cents of each dollar spent went to programs.

Program services 67% · $2.7M Management & general 19% · $771K Fundraising 14% · $592K

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

22 people listed on the 990; $281K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$281,328Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Past Chair & Trustee
$0Pt VII · Sec A
Ex Officio Voting Director
$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.

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Provided by the organization

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3 programs · $2.7M · in their own filed words · FY2020
01

Grants

In 2020, the American Brain Foundation funded research projects in ALS, Alzheimer's disease, cognitive aging and age-related memory loss, epilepsy, headache, Lewy body diseases, multiple sclerosis, myasthenia gravis neuromuscular disease, Parkinson's disease, stroke, and Tourette Syndrome.

$1.9Mprogram expense
02

Public Outreach

The Foundation continued to invest in public awareness-building projects with the purpose of educating the public about the need for brain disease research. Due to the global COVID-19 pandemic all in-person public awareness activities were canceled. However, the Foundation increased electronic communication and virtual programming.

$528Kprogram expense
03

Awards

The American Brain Foundation honored and provided financial support to leaders in the fight against brain disease-both scientists and members of the public. PUBLIC LEADERSHIP IN NEUROLOGY AWARD: The award honors an individual or group outside of the medical profession known for advancing public understanding and awareness of…

$264Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$5.9M
Ln 12
Gifts and grantsLn 1h$5.7M
Investment incomeLn 3$302K
Money outPt IX
$4.1M
Ln 25
Programscol B$2.7M
Managementcol C$771K
Fundraisingcol D$592K
Owns and owesPt X
$13.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$15.1M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Government grantsLn 1e$0
Noncash giftsLn 1g$881
Fundraising eventsLn 1c$148K
Investment incomeLn 3$302K
Gains on assetsLn 7$0
Total revenueLn 12$5.9M
Assets in detailPt X, end of year
CashLn 1$200K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$8.8M
Land, buildings, equipmentLn 10c$50K
Total assetsLn 16$15.1M
LiabilitiesLn 26$1.4M
Net assetsLn 32$13.7M
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 FY20End FY20
Cash and savingsLn 1–2$2.5M$2.8M
InvestmentsLn 11–13$8.2M$8.8M
Land, buildings, equipmentLn 10c$90K$50K
Total assetsLn 16$13.2M$15.1M
LiabilitiesLn 26$1.6M$1.4M
Net assetsLn 32$11.6M$13.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Grants to domestic individualsLn 2$1K$1K
Grants and assistance to foreign recipientsLn 3$1K$1K
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$281K$101K$100K$80K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$567K$203K$202K$161K
Pension plan contributionsLn 8$77K$28K$28K$22K
Other employee benefitsLn 9$112K$40K$40K$32K
Payroll taxesLn 10$57K$20K$20K$16K
Management feesLn 11a$53K$19K$19K$15K
Legal feesLn 11b$42K$7K$32K$3K
Accounting feesLn 11c$120K$39K$50K$31K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$23K$23K
Investment management feesLn 11f$11K$6K$5K$0
Other fees for servicesLn 11g$192K$128K$9K$54K
Advertising and promotionLn 12$19K$8K$0$10K
Office expensesLn 13$67K$2K$16K$50K
Information technologyLn 14$220K$25K$146K$49K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$144K$53K$50K$41K
TravelLn 17$33K$7K$24K$2K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$46K$26K$19K$104
InterestLn 20$770$0$770$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$40K$40K$0$0
InsuranceLn 23$8K$0$8K$0
Other expenses (24a–d)Ln 24$6K$899$3K$2K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$4.1M$2.7M$771K$592K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $5.9M$4.1M$1.8M$13.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $5,925,989 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,684,284$5,675,913
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,300,732$301,592
I-11 Other revenuePrior year −$100,874−$51,516
I-12 Total revenuePrior year $5,884,142$5,925,989
I-13 Grants and similar amounts paidPrior year $2,646,012$1,976,103
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $854,943$1,094,234
I-16a Professional fundraising feesPrior year $12,713$22,621
I-17 Other expensesPrior year $1,084,103$1,000,653
I-18 Total expensesPrior year $4,597,771$4,093,611
I-19 Revenue less expensesPrior year $1,286,371$1,832,378
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $5,925,989 across 13 lines filed
Lines not itemized here account for $1,216 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$148,464
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$5,527,449
VIII-1g Noncash contributions (included above)$881
VIII-1h Total contributions, gifts and grants$5,675,913
VIII-3 Investment incomeRelated to mission $301,592 · Unrelated business $0 · Excluded from tax $0$301,592
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$52,732−$52,732
VIII-12 Total revenueRelated to mission $302,808 · Unrelated business $0 · Excluded from tax −$52,732$5,925,989
Part IX · Statement of functional expenses $4,093,611 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,974,103$1,974,103
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-3 Grants and assistance to foreign recipientsPrograms $1,000$1,000
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $100,869 · Management $100,420 · Fundraising $80,039$281,328
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $203,366 · Management $202,462 · Fundraising $161,370$567,198
IX-8 Pension plan contributionsPrograms $27,710 · Management $27,587 · Fundraising $21,988$77,285
IX-9 Other employee benefitsPrograms $40,012 · Management $39,834 · Fundraising $31,749$111,595
IX-10 Payroll taxesPrograms $20,375 · Management $20,285 · Fundraising $16,168$56,828
IX-11a Management feesPrograms $19,343 · Management $18,585 · Fundraising $15,136$53,064
IX-11b Legal feesPrograms $7,483 · Management $31,635 · Fundraising $3,008$42,126
IX-11c Accounting feesPrograms $39,098 · Management $49,924 · Fundraising $30,593$119,615
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $22,621$22,621
IX-11f Investment management feesPrograms $6,055 · Management $4,676 · Fundraising $0$10,731
IX-11g Other fees for servicesPrograms $128,344 · Management $8,857 · Fundraising $54,318$191,519
IX-12 Advertising and promotionPrograms $8,236 · Management $0 · Fundraising $10,296$18,532
IX-13 Office expensesPrograms $2,200 · Management $15,604 · Fundraising $49,594$67,398
IX-14 Information technologyPrograms $24,807 · Management $145,712 · Fundraising $49,038$219,557
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $52,540 · Management $50,480 · Fundraising $41,112$144,132
IX-17 TravelPrograms $7,307 · Management $23,920 · Fundraising $2,119$33,346
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $26,151 · Management $19,463 · Fundraising $104$45,718
IX-20 InterestPrograms $0 · Management $770 · Fundraising $0$770
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $40,271 · Management $0 · Fundraising $0$40,271
IX-23 InsurancePrograms $0 · Management $8,048 · Fundraising $0$8,048
IX-24 Other expenses (24a–d)Programs $899 · Management $2,675 · Fundraising $2,252$5,826
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $2,731,169 · Management $770,937 · Fundraising $591,505$4,093,611
Part X · Balance sheet $15,127,777 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $204,983$199,592
X-2 Savings and temporary cash investmentsStart of year $2,282,916$2,590,621
X-3 Pledges and grants receivableStart of year $2,327,336$3,438,362
X-4 Accounts receivableStart of year $84,615$30,280
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $41,596$23,044
X-10c Land, buildings and equipment, netStart of year $90,070$49,799
X-11 Publicly traded securitiesStart of year $8,173,408$8,796,079
X-16 Total assetsStart of year $13,204,924$15,127,777
X-17 Accounts payable and accrued expensesStart of year $161,299$188,547
X-18 Grants payableStart of year $1,477,895$1,210,917
X-19 Deferred revenueStart of year $6,450$1,000
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $1,645,644$1,400,464
X-27 Net assets without donor restrictionsStart of year $3,937,981$4,946,047
X-28 Net assets with donor restrictionsStart of year $7,621,299$8,781,266
X-32 Total net assets or fund balancesStart of year $11,559,280$13,727,313
X-33 Total liabilities and net assetsStart of year $13,204,924$15,127,777
Part XI · Reconciliation of net assets $13,727,313 net assets at year end
XI-1 Total revenue$5,925,989
XI-2 Total expenses$4,093,611
XI-3 Revenue less expenses$1,832,378
XI-4 Net assets at start of year$11,559,280
XI-5 Net unrealized gains (losses) on investments$335,655
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,727,313

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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