Barrow Neurological Foundation EIN 86-0174371 Form 990 (PDF) Claim this org

Barrow Neurological Foundation

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Raises funds to support neurological research and clinical trials aimed at discovering new therapies for brain tumor patients. For fiscal year 2024 it reported $49.3M in revenue, $40.2M in expenses, and $281.2M in net assets.Pt I

Founded
1960
Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Phoenix, AZ
Website
www.supportbarrow.org
Filings
5 on file (2020–2024)
Revenue
$49.3MFY2024
Expenses
$40.2M
Net assets
$281.2M
People
37
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-0174371 Public charity (501(c)(3)) Phoenix, AZ Founded 1960
Form 990 (PDF)
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Figures match the IRS filing checked 7/7/26 · see original: IRS
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Size
$10–100M
What they do
Raises funds to support neurological research and clinical trials aimed at discovering new therapies for brain tumor patients.
Leadership
Katherine Cobb · President (through 07/2024) · $184K
Money in and out
$49.3M revenue, $40.2M expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$49.3M
Pt VIII · Ln 12
Total expenses
$40.2M
Pt IX · Ln 25
Net assets
$281.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9.0M
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program efficiency
81%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
76.1mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▼ -66% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$49.3M
FY2024▼ -41%
Expenses
$40.2M
FY2024▲ +6%
Total assets
$288.6M
FY2024▲ +9%
Total liabilities
$7.4M
FY2024▼ -26%
Total revenue
$49.3M
Pt VIII · Ln 12
Total expenses
$40.2M
Pt IX · Ln 25
Net assets
$281.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9.0M
Total assetsPt X · Ln 16$288.6M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 336
Independent voting membersPt I · Ln 436

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBarrow Neurological Foundation
EINHdr · item D86-0174371
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jwww.supportbarrow.org
Year of formationHdr · item L1960
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G11)
Ruling yearIRS BMFDec 1962

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a36
Independent voting membersPt VI · Ln 1b36
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
President (through 07/2024)
$184,201Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Katherine Cobb’s $184K as President (through 07/2024) is at the 19th percentile of top reported officer pay among 249 $10–100M 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 · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Katherine Cobb$184,201$402,717$327,171$332,612$314,970$312,320

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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Mission & Programs · Part III

Where the work happens

2 program services account for $32.5M of program spending, described in the organization's own filed words · FY2024.
01

The foundation raises funds to support barrow neurological institute, a department of ST. Joseph's hospital and medical center in phoenix, arizona, which is a division of dignity health, a california nonprofit benefit corporation.

$21.8Mprogram expense
02

Neurotrials conducts research which is singularly focused on discovering new therapies for brain tumor patients through a broad portfolio of pharmacodynamic - and pharmacokinetic-driven clinical trials, combining industry-partnered drug development with the nation's largest operative brain tumor volume.

$10.6Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$31.9M · 65%
Program service revenue$10.2M · 21%
Investment income$7.0M · 14%
Contributions & grants65%$31.9M
Program service revenue21%$10.2M
Investment income14%$7.0M
Other revenue$219K
Total revenueLn 12$49.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.16 Fundraising $0.03
Program services81%$32.5M
Management & general16%$6.6M
Fundraising3%$1.2M
Total functional expensesLn 25$40.2M

Balance Sheet

Part X · end of year
CashLn 1$27.4M
Total assetsLn 16$288.6M
Total liabilitiesLn 26$7.4M
Total net assetsLn 32$281.2M
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $250.7M · Operating expenses (Pt IX) $40.2M · Less non-cash grants $706K · Cash operating expenses/yr $39.5M
76.1 months
Where the money goes
Program services
Program services $32.5M · Total expenses $40.2M
81%
Management & General
Management & general $6.6M · Total expenses $40.2M
16%
Fundraising
Fundraising $1.2M · Total expenses $40.2M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $1.0M · Solicited contributions (3-yr avg) $38.6M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $31.9M · Total revenue $49.3M
65%
Government reliance
Government grants — · Total revenue $49.3M
Earned-income share
Program service revenue $10.2M · Total revenue $49.3M
21%
Investment reliance
Investment income $7.0M · Total revenue $49.3M
+14%
Program self-sufficiency
Program service revenue $10.2M · Total expenses $40.2M
25%
Growth & trend
Revenue growth (YoY)
This year $49.3M · Prior year $83.6M
-41%
Revenue CAGR
FY2019 $31.9M · FY2024 $49.3M
+9%
Net-asset trend (YoY)
End of year $281.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $49.3M · Expenses $40.2M
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $288.6M
Net-asset ratio
Net assets $281.2M · Total assets $288.6M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $161.7M · Other securities (Pt X, ln 12) $61.6M · Total assets (Pt X, ln 16) $288.6M
77%
People & payroll
Highest Reported Total Compensation
Individual Katherine Cobb · Reported title PRESIDENT (THROUGH 07/2024) · Highest reported compensation $184K · Total expenses $40.2M
0.5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $4.5M · Total expenses $40.2M
11%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 16%
Fundraising cost ratio 4%
Revenue growth -41%

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 · FY2025
Total grants receivedfrom 2 funders$120K
Grants paid · 6 grants · $152.2M · 2019–2024
Dignity HealthAZ · FY2024$21,831,421
Dignity HealthAZ · FY2023$20,770,004
Dignity HealthAZ · FY2022$47,257,411
Dignity HealthAZ · FY2021$15,710,550
Dignity HealthAZ · FY2020$16,447,451
Dignity HealthAZ · FY2019$30,137,766

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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$83.6M revenue · ⤓ 990 PDF
FY2023$34.3M revenue · ⤓ 990 PDF
FY2022$54.1M revenue · ⤓ 990 PDF
FY2021$71.9M revenue · ⤓ 990 PDF
FY2020$31.9M revenue · ⤓ 990 PDF

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Sources

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