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.
69¢ of each $1 spent went to programs.
$514K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$514K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
15 mo
of spending, in cash
Plus $10.8M in investments, Pt X · Ln 11–13
Looks good: 14.9 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
$2.4M
11% of total assets
Looks good: liabilities are 11% 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
$10.4M
+75% vs prior year
Spent
$5.0M
To programs
69%
Net assets
$19.5M
By yearFY2020–FY2025
Revenue
$10.4M
FY2023▲ +75%
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
$5.0M
FY2023▼ -36%
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
$19.5M
FY2023▲ +48%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

69 cents of each dollar spent went to programs.

Program services 69% · $3.4M Management & general 18% · $872K Fundraising 13% · $656K

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

20 people listed on the 990; $514K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$371,331Pt VII · Sec A
Deputy Director
$143,081Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex Officio Voting Director
$0Pt VII · Sec A
Ex Officio Voting Director
$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 · $3.4M · in their own filed words · FY2023
01

Grants

In 2023, the American Brain Foundation funded Next Generation Research Grants in Amyotrophic Lateral Sclerosis (ALS); Alzheimer's; Cognitive Aging and Age-Related Memory Loss; Epilepsy; Frontotemporal Degeneration; Lewy Body Dementia; Migraine; Multiple Sclerosis; Muscular Dystrophy; Neuromuscular Disease; Parkinson's Disease; Peripheral…

$2.4Mprogram expense
02

Public Outreach

The American Brain Foundation continued to invest in a large-scale public awareness campaign with the purpose of educating the public about the need for brain disease research. The multi-channel campaign provided resources and information about brain diseases and disorders, the latest brain research news, and stories from patients and…

$764Kprogram expense
03

Awards

The American Brain Foundation honored leaders in the fight against brain disease-both scientists and members of the public. Among these were the prestigious Potamkin Prize in Pick's, Alzheimer's, and Related Diseases, and the Sheila Essey Award for Research in ALS.

$226Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$10.4M
Ln 12
Gifts and grantsLn 1h$10.1M
Investment incomeLn 3$404K
Money outPt IX
$5.0M
Ln 25
Programscol B$3.4M
Managementcol C$872K
Fundraisingcol D$656K
Owns and owesPt X
$19.5M
net assets · Ln 32
Cash and savingsLn 1–2$6.1M
Total assetsLn 16$21.9M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Government grantsLn 1e$0
Noncash giftsLn 1g$2.0M
Fundraising eventsLn 1c$443K
Investment incomeLn 3$404K
Gains on assetsLn 7−$16K
Total revenueLn 12$10.4M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$5.1M
Cash and savings togetherLn 1–2$6.1M
InvestmentsLn 11–13$10.8M
Other assetsLn 15$0
Total assetsLn 16$21.9M
LiabilitiesLn 26$2.4M
Net assetsLn 32$19.5M
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 FY23End FY23
Cash and savingsLn 1–2$3.7M$6.1M
InvestmentsLn 11–13$9.5M$10.8M
Total assetsLn 16$16.9M$21.9M
LiabilitiesLn 26$3.7M$2.4M
Net assetsLn 32$13.2M$19.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.4M$2.4M
Grants to domestic individualsLn 2$2K$2K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$419K$131K$177K$111K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$646K$203K$272K$171K
Pension plan contributionsLn 8$71K$22K$30K$19K
Other employee benefitsLn 9$89K$28K$37K$23K
Payroll taxesLn 10$64K$20K$27K$17K
Management feesLn 11a$48K$16K$19K$13K
Legal feesLn 11b$29K$8K$16K$5K
Accounting feesLn 11c$130K$39K$59K$32K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$41K$41K
Investment management feesLn 11f$9K$0$9K$0
Other fees for servicesLn 11g$569K$420K$102K$47K
Advertising and promotionLn 12$59K$57K$0$2K
Office expensesLn 13$197K$28K$48K$121K
Information technologyLn 14$44K$15K$18K$12K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$40K$12K$17K$10K
TravelLn 17$48K$16K$15K$17K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$32K$11K$12K$9K
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$10K$0$10K$0
Other expenses (24a–d)Ln 24$9K$1K$4K$4K
Total functional expensesLn 25$5.0M$3.4M$872K$656K

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 Viewing $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 M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $10,383,820 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,002,262$10,120,592
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $54,689$403,606
I-11 Other revenuePrior year −$110,178−$140,378
I-12 Total revenuePrior year $5,946,773$10,383,820
I-13 Grants and similar amounts paidPrior year $5,297,664$2,401,988
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,237,544$1,288,130
I-16a Professional fundraising feesPrior year $0$41,250
I-17 Other expensesPrior year $1,178,443$1,225,032
I-18 Total expensesPrior year $7,713,651$4,956,400
I-19 Revenue less expensesPrior year −$1,766,878$5,427,420
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 $10,383,820 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$443,150
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$9,677,442
VIII-1g Noncash contributions (included above)$2,018,500
VIII-1h Total contributions, gifts and grants$10,120,592
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $419,159$419,159
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated 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 −$15,553−$15,553
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$142,647−$142,647
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $2,269$2,269
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $263,228$10,383,820
Part IX · Statement of functional expenses $4,956,400 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $2,399,988$2,399,988
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $131,432 · Management $176,661 · Fundraising $110,993$419,086
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $202,594 · Management $272,310 · Fundraising $171,088$645,992
IX-8 Pension plan contributionsPrograms $22,232 · Management $29,883 · Fundraising $18,775$70,890
IX-9 Other employee benefitsPrograms $27,783 · Management $37,344 · Fundraising $23,462$88,589
IX-10 Payroll taxesPrograms $19,938 · Management $26,798 · Fundraising $16,837$63,573
IX-11a Management feesPrograms $15,661 · Management $19,062 · Fundraising $13,127$47,850
IX-11b Legal feesPrograms $7,910 · Management $15,926 · Fundraising $4,940$28,776
IX-11c Accounting feesPrograms $38,744 · Management $59,244 · Fundraising $32,476$130,464
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $41,250$41,250
IX-11f Investment management feesPrograms $0 · Management $8,762 · Fundraising $0$8,762
IX-11g Other fees for servicesPrograms $420,150 · Management $102,118 · Fundraising $47,147$569,415
IX-12 Advertising and promotionPrograms $56,560 · Management $0 · Fundraising $2,333$58,893
IX-13 Office expensesPrograms $28,320 · Management $47,506 · Fundraising $121,294$197,120
IX-14 Information technologyPrograms $14,527 · Management $17,686 · Fundraising $12,177$44,390
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $12,308 · Management $17,075 · Fundraising $10,317$39,700
IX-17 TravelPrograms $15,833 · Management $15,147 · Fundraising $17,318$48,298
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $11,125 · Management $12,151 · Fundraising $8,551$31,827
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $10,360 · Fundraising $0$10,360
IX-24 Other expenses (24a–d)Programs $1,457 · Management $3,680 · Fundraising $4,040$9,177
IX-25 Total functional expensesPrograms $3,428,562 · Management $871,713 · Fundraising $656,125$4,956,400
Part X · Balance sheet $21,918,542 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $1,460,384$1,007,855
X-2 Savings and temporary cash investmentsStart of year $2,274,246$5,128,619
X-3 Pledges and grants receivableStart of year $3,281,095$4,671,369
X-4 Accounts receivableStart of year $321,854$228,313
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $55,090$61,532
X-11 Publicly traded securitiesStart of year $9,473,428$10,820,854
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $16,866,097$21,918,542
X-17 Accounts payable and accrued expensesStart of year $232,951$199,979
X-18 Grants payableStart of year $3,438,245$2,242,216
X-19 Deferred revenueStart of year $5,195$7,700
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $3,676,391$2,449,895
X-27 Net assets without donor restrictionsStart of year $6,350,103$7,718,793
X-28 Net assets with donor restrictionsStart of year $6,839,603$11,749,854
X-32 Total net assets or fund balancesStart of year $13,189,706$19,468,647
X-33 Total liabilities and net assetsStart of year $16,866,097$21,918,542
Part XI · Reconciliation of net assets $19,468,647 net assets at year end
XI-1 Total revenue$10,383,820
XI-2 Total expenses$4,956,400
XI-3 Revenue less expenses$5,427,420
XI-4 Net assets at start of year$13,189,706
XI-5 Net unrealized gains (losses) on investments$579,857
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$271,664
XI-10 Net assets at end of year$19,468,647

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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