Neurolab 360 EIN 86-2809250

Neurolab 360

EIN  86-2809250 Public charity (501(c)(3)) Encinitas, CA Founded 2021
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Offers affordable therapy, exercise, and support for those who can't pay.
Leadership
Kristine Negrete · Secretary · $130K
Money in and out
$1.5M revenue, $1.2M expenses
Bottom line
91% program efficiency

Offers affordable therapy, exercise, and support for those who can't pay. For fiscal year 2025 it reported $1.5M in revenue, $1.2M in expenses, and $834K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$834K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $290K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.06 Fundraising $0.03
Program efficiency
91%
of spending reaches programs
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate▲ +24% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ ×10 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.5M
FY2025▲ +57%
Expenses
$1.2M
FY2025▲ +24%
Total assets
$845K
FY2025▲ +54%
Total liabilities
$11K
FY2025▼ -15%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.2M
Pt IX · Ln 25
Net assets
$834K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$290K
Total assetsPt X · Ln 16$845K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $1.1M of program spending, described in the organization's own filed words · FY2025.
01

NeuroLab 360 provides one-on-one neurologic rehabilitation through licensed physical and occupational therapists,seeing an average of 750 client visits per month acrossconditions such as brain injury, stroke, Parkinsons disease,multiple sclerosis, and spinal cord injury.

$1.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNeurolab 360
EINHdr · item D86-2809250
Principal addressHdr · item CEncinitas, CA
WebsiteHdr · item Jneurolab360.com
Year of formationHdr · item L2021
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E50)
Ruling yearIRS BMFOct 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b5
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$130,191Pt VII · Sec A
Treasurer
$84,139Pt VII · Sec A
$47,435Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kristine Negrete’s $130K as Secretary is at the 42nd percentile of top reported officer pay among 3116 $1–10M health care 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Kristine Negrete$130,191
Kristine Negrete$124,125$92,665$79,871
Meagan George$121,275$65,775$78,832
Meagan George$84,139
Jessica Agrimis$50,895$65,795$49,166
Jessica Agrimis$47,435

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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Statement of Revenue

Part VIII
Program service revenue$895K · 59%
Contributions & grants$590K · 39%
Investment income$8K · 1%
Other revenue$19K · 1%
Program service revenue59%$895K
Contributions & grants39%$590K
Investment income1%$8K
Other revenue1%$19K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.06 Fundraising $0.03
Program services91%$1.1M
Management & general6%$68K
Fundraising3%$39K
Total functional expensesLn 25$1.2M

Balance Sheet

Part X · end of year
CashLn 1$465K
Total assetsLn 16$845K
Total liabilitiesLn 26$11K
Total net assetsLn 32$834K
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $680K · Operating expenses/yr $1.2M
6.7 months
Where the money goes
Program services
Program services $1.1M · Total expenses $1.2M
91%
Management & General
Management & general $68K · Total expenses $1.2M
6%
Fundraising
Fundraising $39K · Total expenses $1.2M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $779K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $590K · Total revenue $1.5M
39%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $895K · Total revenue $1.5M
59%
Investment reliance
Investment income $8K · Total revenue $1.5M
+1%
Program self-sufficiency
Program service revenue $895K · Total expenses $1.2M
73%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $962K
+57%
Revenue CAGR
FY2021 $261K · FY2025 $1.5M
+55%
Net-asset trend (YoY)
End of year $834K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.2M
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $845K
Net-asset ratio
Net assets $834K · Total assets $845K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $215K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $845K
25%
People & payroll
Highest Reported Total Compensation
Individual Kristine Negrete · Reported title Secretary · Highest reported compensation $130K · Total expenses $1.2M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $849K · Total expenses $1.2M
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 6%
Fundraising cost ratio 7%
Revenue growth 57%

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 · funders on record
Grants received · FY2024
See all 8 funders →

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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
FY2025 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2024$962K revenue · ⤓ 990 PDF
FY2023$790K revenue · ⤓ 990 PDF
FY2022$655K revenue · ⤓ 990 PDF
FY2021$261K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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