Center for Neurologic Study FY2021 filing

Tax-deductible

La Jolla, CA501(c)(3)EIN 95-3374771

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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.
61¢ of each $1 spent went to programs.
$148K 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

FY2021 · 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
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$148K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 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
$573
<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
$2.0M
+18% vs prior year
Spent
$531K
To programs
61%
Net assets
$27.8M
By yearFY2020–FY2025
Revenue
$2.0M
FY2021▲ +18%
Revenue by fiscal year
FY2020$1.7M
FY2021$2.0M
FY2022$679K
FY2023$421K
FY2024$571K
FY2025$4.8M
Expenses
$531K
FY2021▼ -45%
Expenses by fiscal year
FY2020$971K
FY2021$531K
FY2022$711K
FY2023$679K
FY2024$973K
FY2025$1.3M
Net assets
$27.8M
FY2021▲ +10%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 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

61 cents of each dollar spent went to programs.

Program services 61% · $325K Management & general 39% · $206K

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

7 people listed on the 990; $148K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$100,000Pt 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
$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.

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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 program services account for $325K of program spending, described in the organization's own filed words · FY2020.
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…

$325Kprogram 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.

Pt IX · col B

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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 · 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Investment incomeLn 3$1.9M
Other incomeLn 4–11$50K
Gifts and grantsLn 1h$44
Money outPt IX
$531K
Ln 25
Programscol B$325K
Managementcol C$206K
Owns and owesPt X
$27.8M
net assets · Ln 32
Cash and savingsLn 1–2$351K
Total assetsLn 16$27.8M
LiabilitiesLn 26$573
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44
Investment incomeLn 3$1.9M
Other incomeLn 4–11$50K
Gains on assetsLn 7$1.5M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$316K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$351K
InvestmentsLn 11–13$27.4M
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$2K
Total assetsLn 16$27.8M
LiabilitiesLn 26$573
Net assetsLn 32$27.8M
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 FY21End FY21
Cash and savingsLn 1–2$364K$351K
InvestmentsLn 11–13$24.8M$27.4M
Land, buildings, equipmentLn 10c$4K$4K
Total assetsLn 16$25.2M$27.8M
LiabilitiesLn 26$120$573
Net assetsLn 32$25.2M$27.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$75K$75K
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$12K$10K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$13K$10K$3K
Management feesLn 11a$0
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$152K$152K
Other fees for servicesLn 11g$50K$50K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$1K$308
Information technologyLn 14$2K$2K$460
RoyaltiesLn 15$25K$25K
OccupancyLn 16$29K$23K$6K
TravelLn 17$140$112$28
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$40$40
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$377$377
InsuranceLn 23$6K$5K$1K
Other expenses (24a–d)Ln 24$10K$7K$3K
All other expensesLn 24e$370$370
Total functional expensesLn 25$531K$325K$206K$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 Viewing $2.0M$531K$1.5M$27.8M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,988,290 across 8 lines filed
VIII-1f All other contributions, gifts and grants$44
VIII-1h Total contributions, gifts and grants$44
VIII-3 Investment incomeRelated to mission $442,759$442,759
VIII-5 RoyaltiesRelated to mission $50,000$50,000
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,495,487$1,495,487
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,988,246$1,988,290
Part IX · Statement of functional expenses $531,222 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $75,000$75,000
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 $9,627 · Management $2,407$12,034
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,092 · Management $2,523$12,615
IX-11a Management fees$0
IX-11b Legal feesManagement $4,126$4,126
IX-11c Accounting feesManagement $4,525$4,525
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $151,816$151,816
IX-11g Other fees for servicesPrograms $49,541$49,541
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $1,233 · Management $308$1,541
IX-14 Information technologyPrograms $1,842 · Management $460$2,302
IX-15 RoyaltiesPrograms $25,000$25,000
IX-16 OccupancyPrograms $22,818 · Management $5,704$28,522
IX-17 TravelPrograms $112 · Management $28$140
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $40$40
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $377$377
IX-23 InsurancePrograms $4,506 · Management $1,126$5,632
IX-24 Other expenses (24a–d)Programs $6,934 · Management $2,707$9,641
IX-24e All other expensesManagement $370$370
IX-25 Total functional expensesPrograms $325,105 · Management $206,117 · Fundraising $0$531,222
Part X · Balance sheet $27,796,931 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $2,472$316,108
X-2 Savings and temporary cash investmentsStart of year $361,948$35,051
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 charges$0
X-10c Land, buildings and equipment, netStart of year $3,945$3,568
X-11 Publicly traded securitiesStart of year $24,268,860$26,984,241
X-12 Other securitiesStart of year $576,684$456,063
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 $25,215,809$27,796,931
X-25 Other liabilitiesStart of year $120$573
X-26 Total liabilitiesStart of year $120$573
X-27 Net assets without donor restrictionsStart of year $25,215,689$27,796,358
X-32 Total net assets or fund balancesStart of year $25,215,689$27,796,358
X-33 Total liabilities and net assetsStart of year $25,215,809$27,796,931
Part XI · Reconciliation of net assets $27,796,358 net assets at year end
XI-1 Total revenue$1,988,290
XI-2 Total expenses$531,222
XI-3 Revenue less expenses$1,457,068
XI-4 Net assets at start of year$25,215,689
XI-5 Net unrealized gains (losses) on investments$1,123,512
XI-8 Prior period adjustments$89
XI-10 Net assets at end of year$27,796,358

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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