Center for Neurologic Study FY2020 filing

Tax-deductible

La Jolla, CA501(c)(3)EIN 95-3374771Revenue $1.7M in FY2020

On file with the IRS7590 Faye Ave, 92037-4885 · La Jolla, CATax-exempt since Mar 1990Private non-operating foundation

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The Center for Neurologic Study has, since its inception over 40 years ago, focused on the betterment of persons with presently incurable neurodegenerative diseases. At our outset this was a daunting challenge and still is. To invest in the future, the Center is funding start up companies who are developing novel therapeutics for the treatment of neurological disorders and we are supporting students who are interested in conducting laboratory research before going to medical school or enrolling in a PHD program. Further, cns continues its highly successful program of drug discovery and development (for details visit cnsonline.org).

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$260K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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 6
filings with a surplus
Average surplus $835K a year · 49% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$260K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$120
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$971K
To programs
79%
Net assets
$25.2M
By yearFY2020–FY2025
Revenue
$1.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$679K
FY2023$421K
FY2024$571K
FY2025$4.8M
Expenses
$971K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$971K
FY2021$531K
FY2022$711K
FY2023$679K
FY2024$973K
FY2025$1.3M
Net assets
$25.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$25.2M
FY2021$27.8M
FY2022$23.4M
FY2023$26.4M
FY2024$30.1M
FY2025$31.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1990.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $767K Management & general 21% · $205K

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

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Who runs it and what they're paid

6 people listed on the 990; $260K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$212,500Pt VII · Sec A
Secretary/Treas
$48,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2021FY2020
Richard Smith$225,000$100,000——
Richard a Smith MD——$100,000$212,500
Kathleen Myers$25,000$27,600$48,000$48,000

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.

See Center for Neurologic Study 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds startups developing novel therapeutics and supports students pursuing neurological research.

Provided by the organization

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2 programs · $767K · in their own filed words · FY2019
01

Research

Work undertaken at CNS played a role in the introduction of interferon for the treatment of multiple sclerosis. The center participated in numerous national, experimental treatment trials involving amyotrophic lateral sclerosis, alzheimer's disease, neuropathy which led to the discovery of nuedexta which has been approved for use in the…

$728Kprogram expense
02

Public Education

Research conducted at CNS has been presented publically at medical and scientific meetings and published in leading scientific journals. These activities have been reported upon in local and national media, including NBC and CNN television, the san diego union tribune, the los angeles and new york times and scientific american.

$38Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$27
Grants paid · 10 grants · $247K · 2019–2024
Bike the US for Ms INCVA · FY2024$1,000
U C San Diego FoundationCA · FY2021$50,000
Target Als Foundation INCNY · FY2021$5,000
U C San Diego FoundationCA · FY2020$50,000
Als NetworkCA · FY2020$15,000
Als NetworkCA · FY2019$60,000
U C San Diego FoundationCA · FY2019$55,000
Vx BioscienceFY2019$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Investment incomeLn 3$1.6M
Other incomeLn 4–11$44K
Gifts and grantsLn 1h$59
Money outPt IX
$971K
Ln 25
Programscol B$767K
Managementcol C$205K
Owns and owesPt X
$25.2M
net assets · Ln 32
Cash and savingsLn 1–2$364K
Total assetsLn 16$25.2M
LiabilitiesLn 26$120
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$59
Investment incomeLn 3$1.6M
Other incomeLn 4–11$44K
Gains on assetsLn 7$916K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$362K
Cash and savings togetherLn 1–2$364K
InvestmentsLn 11–13$24.8M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$2K
Total assetsLn 16$25.2M
LiabilitiesLn 26$120
Net assetsLn 32$25.2M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$304K$364K
InvestmentsLn 11–13$25.1M$24.8M
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$25.5M$25.2M
LiabilitiesLn 26$269K$120
Net assetsLn 32$25.2M$25.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$135K$135K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$148K$118K$30K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$10K$8K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$9K$2K
Management feesLn 11a$0
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$149K$149K
Other fees for servicesLn 11g$40K$40K
Advertising and promotionLn 12$0
Office expensesLn 13$3K$2K$558
Information technologyLn 14$2K$2K$457
RoyaltiesLn 15$416K$416K
OccupancyLn 16$30K$24K$6K
TravelLn 17$2K$2K$445
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1K$1K$284
InterestLn 20$158$158
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$378$378
InsuranceLn 23$5K$4K$1K
Other expenses (24a–d)Ln 24$8K$5K$4K
All other expensesLn 24e$1K$177$1K
Total functional expensesLn 25$971K$767K$205K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.8M$1.3M$3.5M$31.6M 990 PDF
FY2024 $571K$973K−$402K$30.1M 990 PDF
FY2023 $421K$679K−$258K$26.4M 990 PDF
FY2022 $679K$711K−$32K$23.4M 990 PDF
FY2021 $2.0M$531K$1.5M$27.8M 990 PDF
FY2020 Viewing $1.7M$971K$719K$25.2M 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 FY2020 990 (6 parts)
Part I · Summary $1,690,290 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $641$59
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,384,622$1,646,065
I-11 Other revenue$44,166
I-12 Total revenuePrior year $1,385,263$1,690,290
I-13 Grants and similar amounts paidPrior year $15,000$135,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $114,921$168,709
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $324,666$667,474
I-18 Total expensesPrior year $454,587$971,183
I-19 Revenue less expensesPrior year $930,676$719,107
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,690,290 across 8 lines filed
VIII-1f All other contributions, gifts and grants$59
VIII-1h Total contributions, gifts and grants$59
VIII-3 Investment incomeRelated to mission $730,305$730,305
VIII-5 RoyaltiesRelated to mission $44,166$44,166
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $915,760$915,760
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,690,231$1,690,290
Part IX · Statement of functional expenses $971,183 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $135,000$135,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $118,400 · Management $29,600$148,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $8,048 · Management $2,012$10,060
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,519 · Management $2,130$10,649
IX-11a Management fees$0
IX-11b Legal feesManagement $2,366$2,366
IX-11c Accounting feesManagement $4,725$4,725
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $149,448$149,448
IX-11g Other fees for servicesPrograms $40,341$40,341
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $2,232 · Management $558$2,790
IX-14 Information technologyPrograms $1,828 · Management $457$2,285
IX-15 RoyaltiesPrograms $415,913$415,913
IX-16 OccupancyPrograms $24,228 · Management $6,057$30,285
IX-17 TravelPrograms $1,782 · Management $445$2,227
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,135 · Management $284$1,419
IX-20 InterestManagement $158$158
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $378$378
IX-23 InsurancePrograms $4,349 · Management $1,087$5,436
IX-24 Other expenses (24a–d)Programs $4,584 · Management $3,782$8,366
IX-24e All other expensesPrograms $177 · Management $1,160$1,337
IX-25 Total functional expensesPrograms $766,536 · Management $204,647 · Fundraising $0$971,183
Part X · Balance sheet $25,215,809 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $13,515$2,472
X-2 Savings and temporary cash investmentsStart of year $290,448$361,948
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $3,637$0
X-10c Land, buildings and equipment, netStart of year $4,323$3,945
X-11 Publicly traded securitiesStart of year $24,794,184$24,268,860
X-12 Other securitiesStart of year $344,759$576,684
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,900$1,900
X-16 Total assetsStart of year $25,452,766$25,215,809
X-25 Other liabilities$120
X-26 Total liabilitiesStart of year $268,846$120
X-27 Net assets without donor restrictionsStart of year $25,183,920$25,215,689
X-32 Total net assets or fund balancesStart of year $25,183,920$25,215,689
X-33 Total liabilities and net assetsStart of year $25,452,766$25,215,809
Part XI · Reconciliation of net assets $25,215,689 net assets at year end
XI-1 Total revenue$1,690,290
XI-2 Total expenses$971,183
XI-3 Revenue less expenses$719,107
XI-4 Net assets at start of year$25,183,920
XI-5 Net unrealized gains (losses) on investments−$687,338
XI-10 Net assets at end of year$25,215,689

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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