Invisible Wounds Foundation

Tax-deductible

Chicago, IL501(c)(3)Since 2021Health CareEIN 87-4071937

Invisible Wounds Foundation exists to understand the underlying cause of blast-related brain injuries suffered by our nations warriors and veterans in training and in combat. We identify evaluate and fund critical and innovative research undertaken by defense and governmental health agencies and other research institutions.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Run by 10 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 4
filings with a surplus
Average surplus $37K a year · 9% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 22% of spending
Top officer’s pay lower than 55% of similar orgs
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $75K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$572K
+66% vs prior year
Spent
$493K
To programs
51%
Net assets
$136K
By yearFY2022–FY2025
Revenue
$572K
FY2025▲ +66%
Revenue by fiscal year
FY2022$266K
FY2023$379K
FY2024$346K
FY2025$572K
Expenses
$493K
FY2025▲ +57%
Expenses by fiscal year
FY2022$167K
FY2023$440K
FY2024$315K
FY2025$493K
Net assets
$136K
FY2025▲ +100%
Net assets by fiscal year
FY2022$98K
FY2023$38K
FY2024$68K
FY2025$136K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2022.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $249K Management & general 45% · $221K Fundraising 5% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Medical Scientist
$60,000Pt VII · Sec A
$50,000Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Dr James Kelly’s $60K as Chief Medical Scientist is at the 45th percentile of top reported officer pay among 1980 $100K–1M 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.

See Invisible Wounds Foundation executive salaries →

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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 15aYes

Programs and updates

Advocates for science-based brain healthcare to heal and prevent veteran traumatic brain injury and suicide.

Provided by the organization

This section is blank until Invisible Wounds Foundation claims this page.

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1 program service account for $249K of program spending, described in the organization's own filed words · FY2025.
01

The foundation launched the Military Brain Health Collaborative bringing together the stakeholders required to pursue the foundations mission which is to understand the underlying cause of blast-related brain injuries suffered by our nations warriors and veterans in training and in combat.

$249Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$75K
Grants paid · 3 grants · $135K · 2023–2024
Special Ops SurvivorsCA · FY2023$50,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$572K
Ln 12
Gifts and grantsLn 1h$582K
Investment incomeLn 3$10
Money outPt IX
$493K
Ln 25
Programscol B$249K
Managementcol C$221K
Fundraisingcol D$23K
Owns and owesPt X
$136K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$136K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$582K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$172K
Investment incomeLn 3$10
Gains on assetsLn 7$0
Total revenueLn 12$572K
Assets in detailPt X, end of year
CashLn 1$95K
SavingsLn 2$41K
Cash and savings togetherLn 1–2$136K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$136K
LiabilitiesLn 26$0
Net assetsLn 32$136K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$78K$136K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$78K$136K
LiabilitiesLn 26$10K$0
Net assetsLn 32$68K$136K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$110K$60K$50K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$29K$0$29K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$9K$0$9K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$5K$0$5K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$60K$0$60K$0
Office expensesLn 13$5K$0$5K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$8K$0$8K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$9K$9K$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$933$0$933$0
Other expenses (24a–d)Ln 24$256K$180K$52K$23K
All other expensesLn 24e$2K$0$2K$0
Total functional expensesLn 25$493K$249K$221K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $572K$493K$79K$136K 990 PDF
FY2024 $346K$315K$30K$68K 990 PDF
FY2023 $379K$440K−$61K$38K 990 PDF
FY2022 $266K$167K$98K$98K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $572,168 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$171,900
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$582,457
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$582,457
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$10
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0−$10,299
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$572,168
Part IX · Statement of functional expenses $493,360 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $60,000 · Management $50,000 · Fundraising $0$110,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $29,084 · Fundraising $0$29,084
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $8,517 · Fundraising $0$8,517
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $5,118 · Fundraising $0$5,118
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $60,174 · Fundraising $0$60,174
IX-13 Office expensesPrograms $0 · Management $4,895 · Fundraising $0$4,895
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $8,372 · Fundraising $0$8,372
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $8,856 · Management $0 · Fundraising $0$8,856
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $933 · Fundraising $0$933
IX-24 Other expenses (24a–d)Programs $180,376 · Management $52,250 · Fundraising $23,130$255,756
IX-24e All other expensesPrograms $0 · Management $1,655 · Fundraising $0$1,655
IX-25 Total functional expensesPrograms $249,232 · Management $220,998 · Fundraising $23,130$493,360
Part X · Balance sheet $135,955 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $78,029$94,945
X-2 Savings and temporary cash investmentsStart of year $0$41,010
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $78,029$135,955
X-17 Accounts payable and accrued expensesStart of year $10,000$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $10,000$0
X-27 Net assets without donor restrictionsStart of year $68,029$135,955
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $68,029$135,955
X-33 Total liabilities and net assetsStart of year $78,029$135,955
Part XI · Reconciliation of net assets $135,955 net assets at year end
XI-1 Total revenue$572,168
XI-2 Total expenses$493,360
XI-3 Revenue less expenses$78,808
XI-4 Net assets at start of year$68,029
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$10,882
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$135,955

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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