Civic Intelligence

Neurospring Inc.

990 • Fiscal year 2020 • EIN 20-4768612

Jun 01, 2019 to May 31, 2020 • Filed on Oct 15, 2020

Organization ProfileNEUROSPRING.ORG
8 The Green No 4676Dover, DE 19901

(302) 724-4465

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

90th percentile

77%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$1,097,636

Up $476,424 (+77%) from 2019

Net Assets

Up

$1,077,636

Up $456,424 (+73%) from 2019

Liabilities

Up

$20,000

Up $20,000 from 2019

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin98th percentile

Revenue

Up

$474,900

Up $116,855 (+33%) from 2019

Expenses

Down

$18,437

Down $31,919 (-63%) from 2019

Net Income

Up

$456,463

Up $148,774 (+48%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $364,061Liabilities 2012: $68,997Net Assets 2012: $295,0642012Assets 2013: $422,357Liabilities 2013: $83,843Net Assets 2013: $338,5142013Assets 2014: $335,181Liabilities 2014: $0Net Assets 2014: $335,1812014Assets 2015: $340,316Liabilities 2015: $0Net Assets 2015: $340,3162015Assets 2016: $349,295Liabilities 2016: $0Net Assets 2016: $349,2952016Assets 2018: $313,523Net Assets 2018: $313,5232018Assets 2019: $621,212Liabilities 2019: $0Net Assets 2019: $621,2122019Assets 2020: $1,097,636Liabilities 2020: $20,000Net Assets 2020: $1,077,6362020Assets 2021: $1,113,343Liabilities 2021: $15,000Net Assets 2021: $1,098,3432021Assets 2022: $1,547,924Liabilities 2022: $0Net Assets 2022: $1,547,9242022Assets 2023: $1,371,635Liabilities 2023: $0Net Assets 2023: $1,371,6352023Assets 2024: $1,120,523Liabilities 2024: $0Net Assets 2024: $1,120,5232024Assets 2025: $905,524Liabilities 2025: $0Net Assets 2025: $905,5242025

Highlighted filing

2020

Assets$1,097,636
Liabilities$20,000
Net Assets$1,077,636
Open 2020 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $86,697Expenses 2012: $151,550Net Income 2012: -$64,8532012Revenue 2013: $221,263Expenses 2013: $172,249Net Income 2013: $49,0142013Revenue 2014: $160,320Expenses 2014: $163,653Net Income 2014: -$3,3332014Revenue 2015: $51,100Expenses 2015: $45,965Net Income 2015: $5,1352015Revenue 2016: $35,375Expenses 2016: $26,396Net Income 2016: $8,9792016Revenue 2018: $58,539Expenses 2018: $75,236Net Income 2018: -$16,6972018Revenue 2019: $358,045Expenses 2019: $50,356Net Income 2019: $307,6892019Revenue 2020: $474,900Expenses 2020: $18,437Net Income 2020: $456,4632020Revenue 2021: $90,350Expenses 2021: $69,643Net Income 2021: $20,7072021Revenue 2022: $600,314Expenses 2022: $150,733Net Income 2022: $449,5812022Revenue 2023: $295,955Expenses 2023: $472,244Net Income 2023: -$176,2892023Revenue 2024: $242,650Expenses 2024: $493,762Net Income 2024: -$251,1122024Revenue 2025: $345,035Expenses 2025: $560,035Net Income 2025: -$215,0002025

Highlighted filing

2020

Revenue$474,900
Expenses$18,437
Net Income$456,463
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Oct 15, 2020
Return Version
2019v5.0
Gross Receipts
$474,900
Mission and Program Overview

Mission

To advance neuroscientific research and training that drives improved healthcare for the underserved.

The organziation has been formed to support and perform scientific research related to clinical nuerosciences. Its primar research projects are ouabain in pseudotumor cerebtri, haptoglobin and vasospasm after subarachnoid hemmorage, and mortality in stroke patients.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$558,000$900,568▲ $342,568
Investments Program Related-$175,000-
Cash and Non-Interest-Bearing Accounts$63,212$22,068▼ $41,144
Loans From Officers Directors-$15,000-
Total Assets$621,212$1,097,636▲ $476,424
Liabilities
Other Liabilities-$5,000-
Total Liabilities$0$20,000▲ $20,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$621,212$1,077,636▲ $456,424
Total Net Assets Fund Balance$621,212$1,077,636▲ $456,424
Total Liabilities and Net Assets / Fund Balance$621,212$1,097,636▲ $476,424

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$45,928$45,928
Investment Program Related Org$175,000--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Dawn M Bielawski PhdDirector
Michael Coco PhdDirector
Tamara Heaton MaDirector
Mark K Borsbody Md PhdSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$70,332
Program Service Revenue
$404,568
Investment Income
$0
Other Revenue
$0
All Other Contributions
$70,332
Change in Net Assets
$456,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,437
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$2,184--$2,184
Office Expenses$1,342$710-$2,052
Fees for Services Accounting-$2,047-$2,047
Insurance-$1,833-$1,833
Travel$1,832--$1,832
Occupancy-$836-$836
Conferences and Meetings$159--$159
Other Expenses$810$15-$15
Total Functional Expenses$12,695$5,742$0$18,437
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$15,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$5,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Copy of form 990 was provided to the board. They reviewed the form 990 and confirmed that the information provided on the form 990 agrees with the records and understanding of neurospring, inc.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors consistently monitors the compliance with the conflict of interest policy and board members go over the policies and occurances, if any, during every board meeting.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Neurospring Inc
EIN
20-4768612
Phone
3027244465
Address
8 THE GREEN NO 4676, DOVER, DE 19901
Doing Business As
(fka Northern Neurosciences Inc)

Signing Officer

Name
Mark K Borsbody Md Phd
Title
Secretary
Phone
3027244465
Signed
2020-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark K Borsbody Md Phd
Formed
2005
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
15

Preparer

Firm
Kollath & Associates CPA LLC
Address
6200 MINERAL POINT RD STE 100, MADISON, WI 53705
Preparer
Michael Kollath
Phone
6088243002
Supplemental Narrative

Additional Explanations

Form 990

“Development of the vitalflow stimulator, a non-invasive emergency treatment for ischemic stroke. Development of the faucet artificial intelligence diagnostic medical device, which will identify patients with neurological emergencies in the ambulance. Support the haptoglobin-vasospasm research project including the hatch international research consortium.”

Form 990, Part XI, Line 9

“Boy fund assets difference -39”

Raw XML Appendix352 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.

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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MARK BORSBODY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0CURRENT DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt015000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEVELOPMENT OF THE VITALFLOW STIMULATOR, A NON-INVASIVE EMERGENCY TREATMENT FOR ISCHEMIC STROKE. DEVELOPMENT OF THE FAUCET ARTIFICIAL INTELLIGENCE DIAGNOSTIC MEDICAL DEVICE, WHICH WILL IDENTIFY PATIENTS WITH NEUROLOGICAL EMERGENCIES IN THE AMBULANCE. SUPPORT THE HAPTOGLOBIN-VASOSPASM RESEARCH PROJECT INCLUDING THE HATCH INTERNATIONAL RESEARCH CONSORTIUM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF FORM 990 WAS PROVIDED TO THE BOARD. THEY REVIEWED THE FORM 990 AND CONFIRMED THAT THE INFORMATION PROVIDED ON THE FORM 990 AGREES WITH THE RECORDS AND UNDERSTANDING OF NEUROSPRING, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS CONSISTENTLY MONITORS THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND BOARD MEMBERS GO OVER THE POLICIES AND OCCURANCES, IF ANY, DURING EVERY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOY FUND ASSETS DIFFERENCE -39
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalContributionsAmt070332
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012695
IRS990/TotalFunctionalExpensesGrp/TotalAmt018437
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IRS990/TotalLiabilitiesEOYAmt020000
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IRS990/TotalLiabilitiesGrp/EOYAmt020000
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IRS990/TotalProgramServiceExpensesAmt012695
IRS990/TotalProgramServiceRevenueAmt0404568
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0404568
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0474900
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01097636
IRS990/TravelGrp/ProgramServicesAmt01832
IRS990/TravelGrp/TotalAmt01832
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IRS990/WebsiteAddressTxt0NEUROSPRING.ORG
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK K BORSBODY MD PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03027244465
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEUROSPRING INC
ReturnHeader/Filer/BusinessNameControlTxt0NEUR
ReturnHeader/Filer/EIN0204768612
ReturnHeader/Filer/PhoneNum03027244465
ReturnHeader/Filer/USAddress/AddressLine1Txt08 THE GREEN NO 4676
ReturnHeader/Filer/USAddress/CityNm0DOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId091F50790C1F0F3415E3C31DA09A6E9C895940FE1
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.170.11.48
ReturnHeader/FilingSecurityInformation/IPDt02020-10-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:31:06
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262064862
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOLLATH & ASSOCIATES CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06200 MINERAL POINT RD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MADISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053705
ReturnHeader/PreparerPersonGrp/PhoneNum06088243002
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL KOLLATH
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-10-19T14:31:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-06-01
ReturnHeader/TaxPeriodEndDt02020-05-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,097,636
Liabilities
$20,000
Net assets
$1,077,636
Revenue
$474,900
Expenses
$18,437
Net income
$456,463
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.35$0.56$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.00$1.12$0.24$0.49$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$0.30$0.47$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.00$1.55$0.60$0.15$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.02$1.10$0.09$0.07$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.02$1.08$0.47$0.02$0.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$0.36$0.05$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.31$0.06$0.08$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$0.04$0.03$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.05$0.05$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.16$0.16$0.00
2013Summary only. Only limited summary data is available for this year.$0.42$0.08$0.34$0.22$0.17$0.05
2012Summary only. Only limited summary data is available for this year.$0.36$0.07$0.30$0.09$0.15$0.06