Parkinson Study Group INC FY2023 filing

Tax-deductible

East Boston, MA501(c)(3)Diseases & DisordersEIN 46-5749468Revenue $721K in FY2023

On file with the IRSparkinson-study-group.org2 Neptune Rd Pmb 420, 02128-1457 · East Boston, MATax-exempt since Dec 2018Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$169K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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 $113K a year · 13% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$169K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $320K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$96K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 10 voting members
Worth a look: 4 of 10 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$721K
-20% vs prior year
Spent
$676K
To programs
68%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$721K
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$378K
FY2021$380K
FY2022$899K
FY2023$721K
FY2024$966K
FY2025$1.8M
Expenses
$676K
FY2023▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$312K
FY2021$390K
FY2022$481K
FY2023$676K
FY2024$999K
FY2025$1.6M
Net assets
$1.1M
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$318K
FY2021$667K
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
FY2025$1.3M

From the FY2023 Form 990 (year ending September 2023) · 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. Exemption reinstated (2017-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2018.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $459K Management & general 32% · $217K

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

11 people listed on the 990; $169K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$89,317Pt VII · Sec A
$27,370Pt VII · Sec A
$21,059Pt VII · Sec A
Board Member
$18,520Pt VII · Sec A
Board Member
$7,000Pt VII · Sec A
Board Member
$5,750Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Sarah Sperling’s $89K as Executive Director is at the 17th percentile of top reported officer pay among 734 $1–10M diseases & disorders 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 · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Sarah Sperling$89,317$91,983——
Hubert Fernandez$27,370$7,807$8,100$11,500
Michael Schwarzchild$21,059$11,715$3,000$3,000
Andrew Siderowf$18,520$4,983——
Eric Macklin—$12,938——
David Simon——$5,057$8,712
Tanya Simuni$7,000$4,750——
Grace Bwala$5,750———

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 15aNo

Programs and updates

Parkinson Study Group INC is a disease and medical nonprofit based in East Boston, MA.

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Provided by the organization

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1 program · $459K · in their own filed words · FY2022
01

The Entity facilitated the expansion and diversification of Parkinsons Disease (PD) trials and targeted indications, including trials for non-motor symptomatic indications, industry-sponsored trials, and investigator-initiated programs.

$459Kprogram 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
Total grants receivedfrom 2 funders$320K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$721K
Ln 12
Fees for servicesLn 2g$604K
Gifts and grantsLn 1h$117K
Money outPt IX
$676K
Ln 25
Programscol B$459K
Managementcol C$217K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$96K
PeoplePt VI, VII
11
listed · VII A
PaidVII A6
Voting boardVI 1a10
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$117K
Government grantsLn 1e$7K
Fees for servicesLn 2g$604K
Total revenueLn 12$721K
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.2M
LiabilitiesLn 26$96K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$793K$1.1M
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$18K$96K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$76K$76K
Pay of disqualified personsLn 6$85K$85K
Other salaries and wagesLn 7$95K$95K
Pension plan contributionsLn 8$6K$6K
Payroll taxesLn 10$8K$8K
Management feesLn 11a$177K$177K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$45K$45K
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$5K$5K
Information technologyLn 14$24K$24K
Conferences, conventions and meetingsLn 19$87K$87K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$4K$684$4K
All other expensesLn 24e$200$200
Total functional expensesLn 25$676K$459K$217K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.6M$191K$1.3M 990 PDF
FY2024 $966K$999K−$32K$1.1M 990 PDF
FY2023 Viewing $721K$676K$45K$1.1M 990 PDF
FY2022 $899K$481K$418K$1.1M 990 PDF
FY2021 $380K$390K−$10K$667K 990 PDF
FY2020 $378K$312K$66K$318K 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 FY2023 990 (6 parts)
Part I · Summary $721,063 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,389$117,091
I-9 Program service revenuePrior year $846,446$603,972
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $898,835$721,063
I-13 Grants and similar amounts paidPrior year $25,000$75,533
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $100,074$193,426
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $355,612$406,685
I-18 Total expensesPrior year $480,686$675,644
I-19 Revenue less expensesPrior year $418,149$45,419
Part VI · Governance 4 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members4
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $721,063 across 5 lines filed
VIII-1e Government grants$7,091
VIII-1f All other contributions, gifts and grants$110,000
VIII-1h Total contributions, gifts and grants$117,091
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $603,972$603,972
VIII-12 Total revenueRelated to mission $603,972 · Unrelated business $0 · Excluded from tax $0$721,063
Part IX · Statement of functional expenses $675,644 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $75,533$75,533
IX-6 Pay of disqualified personsPrograms $85,216$85,216
IX-7 Other salaries and wagesManagement $95,000$95,000
IX-8 Pension plan contributionsManagement $5,700$5,700
IX-10 Payroll taxesManagement $7,510$7,510
IX-11a Management feesPrograms $176,749$176,749
IX-11b Legal feesManagement $13,552$13,552
IX-11c Accounting feesManagement $45,073$45,073
IX-11g Other fees for servicesPrograms $10,200$10,200
IX-12 Advertising and promotionPrograms $22,681$22,681
IX-13 Office expensesManagement $5,270$5,270
IX-14 Information technologyManagement $23,961$23,961
IX-19 Conferences, conventions and meetingsPrograms $87,498$87,498
IX-23 InsuranceManagement $17,063$17,063
IX-24 Other expenses (24a–d)Programs $684 · Management $3,754$4,438
IX-24e All other expensesManagement $200$200
IX-25 Total functional expensesPrograms $458,561 · Management $217,083 · Fundraising $0$675,644
Part X · Balance sheet $1,227,230 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $792,995$1,132,108
X-4 Accounts receivableStart of year $309,923$95,122
X-16 Total assetsStart of year $1,102,918$1,227,230
X-17 Accounts payable and accrued expensesStart of year $11,650$84,414
X-25 Other liabilitiesStart of year $4,078$11,497
X-26 Total liabilitiesStart of year $17,733$95,911
X-27 Net assets without donor restrictionsStart of year $1,085,185$1,131,319
X-32 Total net assets or fund balancesStart of year $1,085,185$1,131,319
X-33 Total liabilities and net assetsStart of year $1,102,918$1,227,230
Part XI · Reconciliation of net assets $1,131,319 net assets at year end
XI-1 Total revenue$721,063
XI-2 Total expenses$675,644
XI-3 Revenue less expenses$45,419
XI-4 Net assets at start of year$1,085,185
XI-9 Other changes in net assets$715
XI-10 Net assets at end of year$1,131,319

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

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