The Brain Foundation EIN 83-4072118

The Brain Foundation

EIN  83-4072118 Public charity (501(c)(3)) Pleasanton, CA
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until The Brain Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Funds medical research for FDA-approved treatments and better care for neurological conditions.
Leadership
Sean O'Sullivan · Board Member
Money in and out
$933K revenue, $1.1M expenses
Bottom line
78% program efficiency

Funds medical research for FDA-approved treatments and better care for neurological conditions. For fiscal year 2024 it reported $933K in revenue, $1.1M in expenses, and $2.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$933K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$215K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program efficiency
78%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
21.4mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
-23%
revenue over expenses, this year▼ -172% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$933K
FY2024▼ -47%
Expenses
$1.1M
FY2024▼ -5%
Total assets
$2.3M
FY2024▼ -13%
Total liabilities
$38K
FY2024▼ -79%
Total revenue
$933K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$215K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $897K of program spending, described in the organization's own filed words · FY2024.
01

Funding medical scientific research

$897Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Brain Foundation
EINHdr · item D83-4072118
Principal addressHdr · item CPleasanton, CA
WebsiteHdr · item Jwww.brainfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G48)
Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Brain Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$829K · 89%
Investment income$104K · 11%
Contributions & grants89%$829K
Investment income11%$104K
Total revenueLn 12$933K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program services78%$897K
Management & general14%$164K
Fundraising8%$87K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$2.0M
Total assetsLn 16$2.3M
Total liabilitiesLn 26$38K
Total net assetsLn 32$2.3M
Months of cash on handcomputed21.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $1.1M
21.4 months
Where the money goes
Program services
Program services $897K · Total expenses $1.1M
78%
Management & General
Management & general $164K · Total expenses $1.1M
14%
Fundraising
Fundraising $87K · Total expenses $1.1M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $40K · Solicited contributions (3-yr avg) $1.3M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $829K · Total revenue $933K
89%
Government reliance
Government grants — · Total revenue $933K
Earned-income share
Program service revenue $0 · Total revenue $933K
0%
Investment reliance
Investment income $104K · Total revenue $933K
+11%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.1M
0%
Growth & trend
Revenue growth (YoY)
This year $933K · Prior year $1.8M
-47%
Revenue CAGR
FY2020 $1.2M · FY2024 $933K
-6%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $933K · Expenses $1.1M
-23%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Sean O'Sullivan · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $65K · Total expenses $1.1M
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 14%
Fundraising cost ratio 11%
Revenue growth -47%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$9K
Grants paid · 49 grants · $3.8M · 2020–2024
Uni of California BerkleyFY2024$140,000
Univ of Miami Miller SchoolFY2024$90,000
Hasbro Childrens HospitalFY2024$90,000
Stanford Uni Dept of PsycologFY2024$89,178
Uni of Texas Sw Medical CntrFY2024$89,000
Nova Southeast UniversityFY2024$89,000
Childrens Hospital FoundatioFY2024$70,000
Wake Forest InstituteFY2024$50,000
University of IllinoisFY2024$50,000
Uni of Arkansas for MedicalFY2024$50,000
Uc of Ca Regents- DavisFY2023$270,000
The University of OklahomaFY2023$135,000
Yale UniversityCT · FY2023$89,679
See all 49 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like The Brain Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$933K revenue · viewing · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.