Howard Brain Sciences Foundation FY2020 filing

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Innovative research initiatives that improve our understanding of the human brain, and advance diagnosis and treatment of neurological conditions.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5727582) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$50 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Spent on programs
61%
of spending
61% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50
to officers and key staff · 0.02% of spending
Pay to officers and key staff is 0.02% of spending.
Part VII, Section A
<0.1 mo
of spending, in cash
<0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$82K
308% of total assets
Liabilities are 308% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$272K
Spent
$303K
To programs
61%
Net assets
−$55K
By yearFY2020–FY2022
Revenue
$272K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$272K
FY2021$88K
FY2022$39K
Net assets
−$55K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$55K
FY2021−$44K
FY2022−$40K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Jun 2015.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $184K Management & general 39% · $118K

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

7 people listed on the 990; $50 paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Dir.
$50Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ass. Director
$0Pt VII · Sec A

Rebecca Howard’s $50 as Executive Dir. is at the 2nd percentile of top reported officer pay among 133 <$100K philanthropy & grantmaking 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.

See Howard Brain Sciences Foundation executive salaries →

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 15aNo

Programs and updates

Advance brain understanding and neurological condition treatment through innovative research.

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2 programs · $184K · in their own filed words · FY2020
01

Georgetown Sponsored Grant

The foundation has awarded Georgetown University the grant award entitled "Improving Tomorrow's Healthcare" a program dedicated to improving research to advance our understanding of the brain and mind to develop novel solutions for detection and treatment of neurological disorders.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5727582) · Dispute this line
$184Kprogram expense
02

The fellowship program highlights and awards individuals who are making advancements in their fields, and whose work relates to advancing our understanding of the brain.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5727582) · Dispute this line
$444program 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 · FY2021
Total grants receivedfrom 1 funder$27K
Grants paid · 1 grant · $184K · 2020–2020
Georgetown UniversityDC · FY2020$184,365

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$272K
Ln 12
Gifts and grantsLn 1h$272K
Money outPt IX
$303K
Ln 25
Programscol B$184K
Managementcol C$118K
Owns and owesPt X
−$55K
net assets · Ln 32
Cash and savingsLn 1–2$559
Total assetsLn 16$27K
LiabilitiesLn 26$82K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$272K
Gains on assetsLn 7$0
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$559
Cash and savings togetherLn 1–2$559
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$24K
Total assetsLn 16$27K
LiabilitiesLn 26$82K
Net assetsLn 32−$55K
OperationsPt I, VI
EmployeesI 53
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$9K$559
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$12K$27K
LiabilitiesLn 26$36K$82K
Net assetsLn 32−$24K−$55K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$184K$184K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$50$50
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$65K$65K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$5K$5K
Management feesLn 11a$0
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$50$50
Information technologyLn 14$5K$5K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$1K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$1K$1K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$595$595
Total functional expensesLn 25$303K$184K$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Nov 15, 2023 $39K−$40K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $88K−$44K 990 PDF
FY2020 ViewingFiled with the IRS Aug 16, 2021 $272K$303K−$31K−$55K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $271,643 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $870,537$271,643
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $870,537$271,643
I-13 Grants and similar amounts paidPrior year $659,576$184,365
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $89,607$70,330
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $141,459$47,978
I-18 Total expensesPrior year $890,642$302,673
I-19 Revenue less expensesPrior year −$20,105−$31,030
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $271,643 across 8 lines filed
VIII-1f All other contributions, gifts and grants$271,643
VIII-1h Total contributions, gifts and grants$271,643
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$271,643
Part IX · Statement of functional expenses $302,673 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $184,365$184,365
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)Management $50$50
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $65,286$65,286
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $4,994$4,994
IX-11a Management fees$0
IX-11b Legal feesManagement $15,637$15,637
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $7,152$7,152
IX-13 Office expensesManagement $50$50
IX-14 Information technologyManagement $5,288$5,288
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $1,124$1,124
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $1,085$1,085
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,167$1,167
IX-23 InsuranceManagement $8,071$8,071
IX-24 Other expenses (24a–d)Management $7,809$7,809
IX-24e All other expensesManagement $595$595
IX-25 Total functional expensesPrograms $184,365 · Management $118,308 · Fundraising $0$302,673
Part X · Balance sheet $26,587 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $8,839$559
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $2,917$1,750
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$24,278
X-16 Total assetsStart of year $11,756$26,587
X-17 Accounts payable and accrued expensesStart of year $5,953$35,653
X-23 Secured mortgages and notes payable$28,863
X-25 Other liabilitiesStart of year $2$17,300
X-26 Total liabilitiesStart of year $35,955$81,816
X-27 Net assets without donor restrictionsStart of year −$24,199−$55,229
X-32 Total net assets or fund balancesStart of year −$24,199−$55,229
X-33 Total liabilities and net assetsStart of year $11,756$26,587
Part XI · Reconciliation of net assets −$55,229 net assets at year end
XI-1 Total revenue$271,643
XI-2 Total expenses$302,673
XI-3 Revenue less expenses−$31,030
XI-4 Net assets at start of year−$24,199
XI-10 Net assets at end of year−$55,229

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

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