Center for Neurologic Study FY2023 filing

Tax-deductible

La Jolla, CA501(c)(3)EIN 95-3374771Revenue $421K in FY2023

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.
$148K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990-PFIndependent: 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-PF
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.
990-PF Pt I · 6 filings
Pay to officers and key staff
$148K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
990-PF Pt VIII
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
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
$3K
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$421K
-38% vs prior year
Spent
$679K
Net assets
$26.4M
By yearFY2020–FY2025
Revenue
$421K
FY2023▼ -38%
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
$679K
FY2023▼ -4%
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
$26.4M
FY2023▲ +13%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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

What each dollar paid for.

Grants & contributions paid 0% · $500 Operating & administrative 100% · $678K

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-PF; $148K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2023 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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Programs and updates

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

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Provided by the organization

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2 programs · $325K · in their 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

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 1 grant · $1K · 2024–2024
Bike the US for Ms INCVA · FY2024$1,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV1
Average grantPart XV$1K
Median grantPart XV$1K
Largest grantPart XV$1K
Top cause focusNTEEDiseases & Disorders (100%)

By the numbers

The FY2023 990-PF, line by line.

1The main four
Money in
$421K
Other income$162K
Gifts and grants$148K
Investment income$111K
Money out
$679K
Grants paid$500
Running costs$678K
Owns and owes
$26.4M
net assets
Cash and savings$54K
Total assets$26.4M
Liabilities$3K
People
7
listed
Paid2
2In more detail
Revenue in detail
Gifts and grants$148K
Investment income$111K
Other income$162K
Total revenue$421K
Assets in detailEnd of year
Cash and savings together$54K
Total assets$26.4M
Liabilities$3K
Net assets$26.4M
Operations
Employees3
Fiscal year endsJune

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 Viewing $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 $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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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