Neurolab 360 EIN 86-2809250 Form 990 (PDF) Claim this org

Neurolab 360 FY2024 filing

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Offers affordable therapy, exercise, and support for those who can't pay. For fiscal year 2024 it reported $962K in revenue, $984K in expenses, and $536K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Health Care
Location
Encinitas, CA
Website
neurolab360.com
Filings
5 on file (2021–2024)
Revenue
$962KFY2024
Expenses
$984K
Net assets
$536K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-2809250 Public charity (501(c)(3)) Encinitas, CA Founded 2021
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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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 · $124K
Money in and out
$962K revenue, $984K expenses
Bottom line
0% program efficiency
Where the money goes · FY2024
Total revenue
$962K
Pt VIII · Ln 12
Total expenses
$984K
Pt IX · Ln 25
Net assets
$536K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$22K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
5.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$962K
FY2024▲ +22%
Expenses
$984K
FY2024▲ +47%
Total assets
$549K
FY2024▼ -4%
Total liabilities
$13K
FY2024▲ +17%
Total revenue
$962K
Pt VIII · Ln 12
Total expenses
$984K
Pt IX · Ln 25
Net assets
$536K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$22K
Total assetsPt X · Ln 16$549K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

To provide physical, occupational, and speech therapy services.

Pt IX · col B

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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 1bpending
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
$124,125Pt VII · Sec A
Treasurer
$121,275Pt VII · Sec A
$50,895Pt 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
Contributions & grants100%$960K
Other revenue$2K
Total revenueLn 12$962K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$984K
Total functional expensesLn 25$984K

Balance Sheet

Part X · end of year
CashLn 1$446K
Total assetsLn 16$549K
Total liabilitiesLn 26$13K
Total net assetsLn 32$536K
Months of cash on handcomputed5.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $446K · Operating expenses/yr $984K
5.4 months
Where the money goes
Program services
Program services $0 · Total expenses $984K
0%
Management & General
Management & general $984K · Total expenses $984K
100%
Fundraising
Fundraising $0 · Total expenses $984K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $801K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $960K · Total revenue $962K
100%
Government reliance
Government grants — · Total revenue $962K
Earned-income share
Program service revenue $0 · Total revenue $962K
0%
Investment reliance
Investment income $0 · Total revenue $962K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $984K
0%
Growth & trend
Revenue growth (YoY)
This year $962K · Prior year $790K
+22%
Net-asset trend (YoY)
End of year $536K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $962K · Expenses $984K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $549K
Net-asset ratio
Net assets $536K · Total assets $549K
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) $549K
0%
People & payroll
Highest Reported Total Compensation
Individual Kristine Negrete · Reported title Secretary · Highest reported compensation $124K · Total expenses $984K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $650K · Total expenses $984K
66%
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%
Revenue growth 22%
Investment management fee ratio 0%
Legal fee ratio 0.4%
Accounting fee ratio 0.7%
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 · 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 · ⤓ 990 PDF
FY2024$962K revenue · viewing · ⤓ 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) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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