Civic Intelligence

Foundation for Neurologic Diseases Inc

EIN 04-3015469 • 501(c)3 • Newburyport, MA

View Organization Page

Profile

The Foundation is dedicated to finding the causes of and providing treatments for complex, chronic diseases that prematurely destroys Brain Function. Focus is on Alzheimer's, Multiple Sclerosis and Parkinson's disease.

10 State StreetNewburyport, MA 01950-6604

www.fndboston.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.05x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

32nd percentile

-0.5%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$252,706

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

81%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$49,164,256

Up $10,775,439 (+28%) from 2023

Liabilities

Up

$209,227

Up $31,590 (+18%) from 2023

Net Assets

Up

$48,955,029

Up $10,743,849 (+28%) from 2023

Operations
Liabilities / Revenue15th percentileNet Margin32nd percentile

Revenue

Up

$4,398,981

Up $1,965,498 (+81%) from 2023

Expenses

Down

$4,420,902

Down $56,843 (-1.3%) from 2023

Net Income

Up

-$21,921

Up $2,022,341 (+99%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $25,052,756Liabilities 2010: $129,812Net Assets 2010: $24,922,9442010Assets 2011: $23,547,121Liabilities 2011: $88,066Net Assets 2011: $23,459,0552011Assets 2012: $23,567,991Liabilities 2012: $93,541Net Assets 2012: $23,474,4502012Assets 2013: $26,347,714Liabilities 2013: $124,950Net Assets 2013: $26,222,7642013Assets 2014: $30,502,430Liabilities 2014: $128,340Net Assets 2014: $30,374,0902014Assets 2015: $30,727,842Liabilities 2015: $67,375Net Assets 2015: $30,660,4672015Assets 2016: $33,532,715Liabilities 2016: $129,146Net Assets 2016: $33,403,5692016Assets 2017: $36,565,634Liabilities 2017: $60,100Net Assets 2017: $36,505,5342017Assets 2018: $32,704,546Liabilities 2018: $122,264Net Assets 2018: $32,582,2822018Assets 2019: $36,543,266Liabilities 2019: $265,888Net Assets 2019: $36,277,3782019Assets 2020: $36,668,539Liabilities 2020: $42,402Net Assets 2020: $36,626,1372020Assets 2021: $42,372,654Liabilities 2021: $52,947Net Assets 2021: $42,319,7072021Assets 2022: $29,946,123Liabilities 2022: $180,561Net Assets 2022: $29,765,5622022Assets 2023: $38,388,817Liabilities 2023: $177,637Net Assets 2023: $38,211,1802023Assets 2024: $49,164,256Liabilities 2024: $209,227Net Assets 2024: $48,955,0292024

Highlighted filing

2024

Assets$49,164,256
Liabilities$209,227
Net Assets$48,955,029
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,264,9452010Expenses 2011: $3,624,2512011Expenses 2012: $3,789,4082012Revenue 2013: $3,397,996Expenses 2013: $3,293,995Net Income 2013: $104,0012013Revenue 2014: $5,508,021Expenses 2014: $2,404,728Net Income 2014: $3,103,2932014Revenue 2015: $2,481,585Expenses 2015: $3,440,830Net Income 2015: -$959,2452015Revenue 2016: $2,895,197Expenses 2016: $2,941,273Net Income 2016: -$46,0762016Revenue 2017: $5,957,657Expenses 2017: $3,169,395Net Income 2017: $2,788,2622017Revenue 2018: $859,149Expenses 2018: $2,831,646Net Income 2018: -$1,972,4972018Revenue 2019: $2,872,788Expenses 2019: $3,902,565Net Income 2019: -$1,029,7772019Revenue 2020: $105,665Expenses 2020: $2,778,832Net Income 2020: -$2,673,1672020Revenue 2021: $7,178,078Expenses 2021: $3,186,715Net Income 2021: $3,991,3632021Revenue 2022: $4,406,988Expenses 2022: $2,853,966Net Income 2022: $1,553,0222022Revenue 2023: $2,433,483Expenses 2023: $4,477,745Net Income 2023: -$2,044,2622023Revenue 2024: $4,398,981Expenses 2024: $4,420,902Net Income 2024: -$21,9212024

Highlighted filing

2024

Revenue$4,398,981
Expenses$4,420,902
Net Income-$21,921
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$49,164,256
Liabilities
$209,227
Net assets
$48,955,029
Revenue
$4,398,981
Expenses
$4,420,902
Net income
-$21,921
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.2$0.21$49.0$4.40$4.42$0.02
2023Detailed filing. Detailed filing data is available for this year.$38.4$0.18$38.2$2.43$4.48$2.04
2022Detailed filing. Detailed filing data is available for this year.$29.9$0.18$29.8$4.41$2.85$1.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.4$0.05$42.3$7.18$3.19$3.99
2020Detailed filing. Detailed filing data is available for this year.$36.7$0.04$36.6$0.11$2.78$2.67
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.5$0.27$36.3$2.87$3.90$1.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.7$0.12$32.6$0.86$2.83$1.97
2017Summary only. Only limited summary data is available for this year.$36.6$0.06$36.5$5.96$3.17$2.79
2016Summary only. Only limited summary data is available for this year.$33.5$0.13$33.4$2.90$2.94$0.05
2015Summary only. Only limited summary data is available for this year.$30.7$0.07$30.7$2.48$3.44$0.96
2014Summary only. Only limited summary data is available for this year.$30.5$0.13$30.4$5.51$2.40$3.10
2013Summary only. Only limited summary data is available for this year.$26.3$0.12$26.2$3.40$3.29$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$0.09$23.5$3.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.5$0.09$23.5$3.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$0.13$24.9$4.26
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 10, 2024
Return Version
2023v5.1
Gross Receipts
$2,433,483
Mission and Program Overview

Mission

The Foundation accelerates the disease discovery process by supporting innovative biomedical research seeking causes of and treatments of neurologic diseases, principally

The Foundation is dedicated to finding the causes of and providing treatments for complex, chronic diseases that prematurely destroys Brain Function. Focus is on Alzheimers, Multiple Sclerosis and Parkinsons disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$28,540,618$37,008,868▲ $8,468,250
Pledges and Grants Receivable$1,068,780$1,074,629▲ $5,849
Cash and Non-Interest-Bearing Accounts$311,843$269,727▼ $42,116
Accounts Receivable$24,882$35,593▲ $10,711
Total Assets$29,946,123$38,388,817▲ $8,442,694
Liabilities
Accounts Payable and Accrued Expenses$180,561$177,637▼ $2,924
Other Liabilities$0$0→ $0
Total Liabilities$180,561$177,637▼ $2,924
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,285,774$37,164,639▲ $8,878,865
Net Assets With Donor Restrictions$1,479,788$1,046,541▼ $433,247
Total Net Assets Fund Balance$29,765,562$38,211,180▲ $8,445,618
Total Liabilities and Net Assets / Fund Balance$29,946,123$38,388,817▲ $8,442,694

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$37,008,868--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dennis J SelkoePresidentFT$252,706$252,706
Dennis J Selkoe--$252,706$252,706
Karen HodgeExecutive DirectorFT$159,187$159,187
Karen Hodge--$159,187$159,187
Howard L WeinerTreasurerPT$67,000$67,000

Board Members and Trustees

NameTitle
Andrew BounasDirector
Joanne S ChertokDirector
Jon G AuerbachDirector
Philip M FriedmannDirector
Shirley S SiffDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Oleg ButovskyResearch Services60 Fenwood Rd, Boston, MA 02115$262,000
Revenue and Support

Revenue Composition

Contributions and Grants
$630,011
Program Service Revenue
$1,476,976
Investment Income
$326,496
Other Revenue
$0
All Other Contributions
$630,011
Change in Net Assets
$-2,044,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,433,483
Revenue Not Reported on Form 990
$10,489,880
Total Revenue per Audited Statements
$12,923,363
Total Revenue per Form 990
$2,433,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,138,439
Grants and Similar Amounts Paid$770,000
Salaries, Compensation, and Employee Benefits$569,306
Total Fundraising Expense$62,776
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$2,516,267$15,731$4,365$2,536,363
Grants to Domestic Orgs$770,000--$770,000
Other Salaries and Wages$318,608$127,260$54,540$500,408
Conferences and Meetings$477,611$18$0$477,629
Information Technology$49,473$2,595$0$52,068
Other Employee Benefits$0$34,868$0$34,868
Payroll Taxes$21,126$9,033$3,871$34,030
Office Expenses$20,761$1,830$0$22,591
Occupancy$0$22,549$0$22,549
Fees for Services Accounting$0$15,653$0$15,653
Fees for Services Management$9,993$0$0$9,993
Insurance$0$1,593$0$1,593
Total Functional Expenses$4,183,839$231,130$62,776$4,477,745

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,477,745
Total Expenses per Audited Statements$4,477,745
Total Expenses per Form 990$4,477,745
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brigham & Womens HospitalBoston, MA-Research$770,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Miriam WeinerSee Sch OResearch Support StaffNo$16,888
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
N/a$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Foundation For Neurologic Diseases Inc
EIN
04-3015469
Phone
9784650008
Address
10 State Street, Newburyport, MA 01950-6604

Signing Officer

Name
Dennis Selkoe
Title
President
Phone
9784650008
Signed
2024-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Selkoe President
Formed
1998
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
Riley Business Services Inc
Address
5 Perry Way, Newburyport, MA 01950
Preparer
Peter Jason Riley CPA
Phone
9784639350
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The Board of Directors is given a copy of the 990 for review and approval prior to it being filed.”

Pt VI, Line 12C

“The Conflict of Interest Policy is reviewed at the Organizations annual meeting and all officers and directors sign an updated policy annually.”

Pt VI, Line 15A

“Salaries of officers, executive director and employees are determined after a review of a comparable data analysis of salaries of similar positions. Organizational needs and budget constraints are also taken into account. The Board approves all salaries paid by the Organization.”

Pt VI, Line 15B

“Salaries of officers, executive director and employees are determined after a review of a comparable data analysis of salaries of similar positions. Organizational needs and budget constraints are also taken into account. The Board approves all salaries paid by the Organization.”

Pt VI, Line 19

“The Foundations governing policies and documents along with the audited financial statements and tax returns are available to the public upon request.”

Other

“Sch L PT-IV LN-1B; Miriam Weiner is the spouse of Howard Weiner, the organizations treasurer.”

Form 990, Part IX, Line 24E

“ARCND Direct 54515. 54515. 0. 0.”

Form 990, Part IX, Line 24E

“A4 Trial Expense 181466. 181466. 0. 0.”

Form 990, Part IX, Line 24E

“Bank Fees 549. 466. 83. 0.”

Form 990, Part IX, Line 24E

“Medical Research/Consulting 1099995. 1099995. 0. 0.”

Form 990, Part IX, Line 24E

“Dues and Memberships 16722. 16557. 165. 0.”

Form 990, Part IX, Line 24E

“Small Equipment 121313. 121313. 0. 0.”

Form 990, Part IX, Line 24E

“Lab Expense 44086. 44086. 0. 0.”

Form 990, Part IX, Line 24E

“Payroll Fees 10366. 0. 10366. 0.”

Form 990, Part IX, Line 24E

“Postage 1262. 347. 0. 915.”

Form 990, Part IX, Line 24E

“Printing 1037. 0. 0. 1037.”

Form 990, Part IX, Line 24E

“Professional Development 3577. 1400. 2177. 0.”

Form 990, Part IX, Line 24E

“Publications 53556. 53556. 0. 0.”

Form 990, Part IX, Line 24E

“Recruitment 259412. 259412. 0. 0.”

Form 990, Part IX, Line 24E

“Research (direct costs) 523863. 523863. 0. 0.”

Form 990, Part IX, Line 24E

“Research Support 150447. 150447. 0. 0.”

Form 990, Part IX, Line 24E

“MA Filing Fees 527. 0. 527. 0.”

Form 990, Part IX, Line 24E

“Telephone and I-Net 11800. 6974. 2413. 2413.”

Form 990, Part IX, Line 24E

“Website 1870. 1870. 0. 0.”

Financial Statement Notes

Pt X, Line 2

“The Foundation has adopted FASB 740 with no cumulative effect adjustment. The Foundation evaluates all significant tax positions as required by generally accepted accounting principles in the United States. As of year end the Foundation does not believe that it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next 12 months. The Foundations tax returns are subject to examination by the taxing authorities generally for a period of 3 years after they are filed.”

Raw XML AppendixShowing 400 of 530 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0177637
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IRS990/AllOtherContributionsAmt0630011
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IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt015731
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IRS990/AllOtherExpensesGrp/TotalAmt02536363
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IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd002115
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IRS990/ContractorCompensationGrp/ServicesDesc0Research Services
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0630011
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IRS990/CYTotalExpensesAmt04477745
IRS990/CYTotalFundraisingExpenseAmt062776
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02433483
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IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0Dennis J Selkoe
IRS990/Form990PartVIISectionAGrp/PersonNm1Howard L Weiner
IRS990/Form990PartVIISectionAGrp/PersonNm2Jon G Auerbach
IRS990/Form990PartVIISectionAGrp/PersonNm3Andrew Bounas
IRS990/Form990PartVIISectionAGrp/PersonNm4Joanne S Chertok
IRS990/Form990PartVIISectionAGrp/PersonNm5Philip M Friedmann
IRS990/Form990PartVIISectionAGrp/PersonNm6Shirley S Siff
IRS990/Form990PartVIISectionAGrp/PersonNm7Karen Hodge
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0252706
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt167000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
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