Civic Intelligence

Neuro Challenge Foundation Inc.

990 • Fiscal year 2020 • EIN 26-2311656

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 05, 2020

722 Apex Rd Unit ASarasota, FL 34240

(941) 926-6413

Siviq Scores

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

Liabilities / Assets

64th percentile

0.22x

Higher debt load relative to assets than 64% of similar nonprofits.

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

Liabilities / Revenue

54th percentile

0.16x

Higher debt load relative to revenue than 54% of similar nonprofits.

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

Net Margin

74th percentile

21%

Higher net margin than 74% 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

75%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

86th percentile

45%

Faster revenue growth than 86% of similar nonprofits.

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

Assets

Up

$841,419

Up $361,904 (+75%) from 2019

Net Assets

Up

$657,169

Up $243,124 (+59%) from 2019

Liabilities

Up

$184,250

Up $118,780 (+181%) from 2019

Revenue

Up

$1,144,919

Up $356,896 (+45%) from 2019

Expenses

Up

$908,905

Up $178,983 (+25%) from 2019

Net Income

Up

$236,014

Up $177,913 (+306%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $224,312Liabilities 2011: $0Net Assets 2011: $224,3122011Assets 2012: $256,953Liabilities 2012: $3,266Net Assets 2012: $253,6872012Assets 2014: $277,853Liabilities 2014: $18Net Assets 2014: $277,8352014Assets 2015: $319,855Liabilities 2015: $4,325Net Assets 2015: $315,5302015Assets 2017: $310,404Liabilities 2017: $69,135Net Assets 2017: $241,2692017Assets 2019: $479,515Liabilities 2019: $65,470Net Assets 2019: $414,0452019Assets 2020: $841,419Liabilities 2020: $184,250Net Assets 2020: $657,1692020Assets 2021: $901,924Liabilities 2021: $133,359Net Assets 2021: $768,5652021Assets 2022: $664,067Liabilities 2022: $50,875Net Assets 2022: $613,1922022Assets 2023: $507,764Liabilities 2023: $24,829Net Assets 2023: $482,9352023Assets 2024: $507,305Liabilities 2024: $41,300Net Assets 2024: $466,0052024Assets 2025: $721,513Liabilities 2025: $39,718Net Assets 2025: $681,7952025

Highlighted filing

2020

Assets$841,419
Liabilities$184,250
Net Assets$657,169

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $119,3012011Expenses 2012: $165,0572012Revenue 2014: $321,419Expenses 2014: $364,116Net Income 2014: -$42,6972014Revenue 2015: $413,667Expenses 2015: $372,421Net Income 2015: $41,2462015Revenue 2017: $397,954Expenses 2017: $460,900Net Income 2017: -$62,9462017Revenue 2019: $788,023Expenses 2019: $729,922Net Income 2019: $58,1012019Revenue 2020: $1,144,919Expenses 2020: $908,905Net Income 2020: $236,0142020Revenue 2021: $837,162Expenses 2021: $784,633Net Income 2021: $52,5292021Revenue 2022: $886,751Expenses 2022: $1,006,049Net Income 2022: -$119,2982022Revenue 2023: $781,054Expenses 2023: $937,946Net Income 2023: -$156,8922023Revenue 2024: $628,476Expenses 2024: $682,045Net Income 2024: -$53,5692024Revenue 2025: $893,876Expenses 2025: $720,265Net Income 2025: $173,6112025

Highlighted filing

2020

Revenue$1,144,919
Expenses$908,905
Net Income$236,014
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 5, 2020
Return Version
2019v5.0
Gross Receipts
$1,173,064
Mission and Program Overview

Mission

To improve the quality of life of people with parkinson's disease and their caregivers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$171,441$314,752▲ $143,311
Cash and Non-Interest-Bearing Accounts$64,557$253,577▲ $189,020
Accounts Receivable$3,487$14,000▲ $10,513
Prepaid Expenses and Deferred Charges$4,724$12,600▲ $7,876
Land, Buildings, and Equipment, Net$1,357$5,282▲ $3,925
Total Assets$479,515$841,419▲ $361,904
Other Assets Total$233,949$241,208▲ $7,259
Liabilities
Unsecured Notes Loans Payable-$89,249-
Other Liabilities$62,812$75,737▲ $12,925
Accounts Payable and Accrued Expenses$2,658$19,264▲ $16,606
Total Liabilities$65,470$184,250▲ $118,780
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$368,757$560,683▲ $191,926
Net Assets With Donor Restrictions$45,288$96,486▲ $51,198
Total Net Assets Fund Balance$414,045$657,169▲ $243,124
Total Liabilities and Net Assets / Fund Balance$479,515$841,419▲ $361,904

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,282$29,734$35,016
Other Assets Org$2,509--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$231,590-▲ $7,855-$238,699
2018$197,605$20,000▲ $14,673-$231,590
2017$158,276$40,000▼ $414-$197,605
2016$174,025-▲ $24,864$40,000$158,276
2015$166,286-▲ $7,739-$174,025
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron BeckPresident
Charles SlaterDirector
Cyndi MillerDirector
Emily WalshDirector
Kimberly EarlyDirector
Salvatore FontanaDirector
Scott PayneDirector
Steven OppenDirector
Gana GilkeySecretary
Patricia EntsmingerTreasurer
Brad BryanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$673,385
Program Service Revenue
$471,324
Investment Income
$240
Other Revenue
$-30
All Other Contributions
$620,716
Change in Net Assets
$236,014

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,144,919
Total Revenue per Audited Statements
$1,144,919
Total Revenue per Form 990
$1,144,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$517,372
Other Expenses$391,533
Total Fundraising Expense$40,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$342,326$12,884$12,884$368,094
Current Officers, Directors, Trustees, and Key Employees$91,820$3,455$3,455$98,730
Fees for Services Other$70,854--$70,854
All Other Expenses$61,680$6,113$1,641$69,434
Payroll Taxes$35,375$1,331$1,331$38,037
Occupancy$29,395$4,008-$33,403
Office Expenses$26,313--$26,313
Fees for Services Accounting$9,970$9,970-$19,940
Other Expenses$17,100$3,018$19,847$19,847
Advertising$14,455--$14,455
Other Employee Benefits$6,587$248$248$7,083
Pension Plan Contributions$4,070$679$679$5,428
Information Technology$4,871--$4,871
Insurance$1,921$339-$2,260
Depreciation Depletion$845--$845
Fees for Services Legal$305$304-$609
Total Functional Expenses$826,471$42,349$40,085$908,905

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$908,905
Total Expenses per Audited Statements$908,905
Total Expenses per Form 990$908,905
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,145
Fundraising Gross Income$28,115
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cause 4 Fashion$61,939$9,270$28,145$-18,875
Total Events$61,939$9,270$28,145$-18,875
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Income$58,700
Payroll Liabilities$17,037
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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

Governance Explanations

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

Organization's process to review form 990 when received the form 990 is distributed to the directors, officers and executive director for review. Necessary changes are made before being approved at the next board meeting.

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

Directors, officers and the executive director are required to disclose any conflicts of interest arising during the year. This is monitored at the board meetings.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and determines the salaries for the executive director using comparability data and retains contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 15B

The board of directors reviews and determines the salaries for other officers or key employees using comparability data and retains contemporaneous substantiation of the deliberation and decision.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, written policies and financial statements available upon request. The form 990s are available on the giving partner's website.

Filing and Contact Details

Filer

Filer Name
Neuro Challenge Foundation Inc
EIN
26-2311656
Phone
9419266413
Address
722 APEX RD UNIT A, SARASOTA, FL 34240

Signing Officer

Name
Robyn Faucy
Title
Executive Director
Phone
9419266413
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Entsminger
Formed
2008
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
8
Volunteers
150

Preparer

Firm
Miller & Miller Pa CPA
Address
1800 2ND ST STE 720, SARASOTA, FL 34236-5966
Preparer
Marc a Miller
Phone
9413664152
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Distinguished speakers: parkinson's patients, caregivers and healthcare professionals are eager for education and information on the latest research, movement therapy, speech therapy and other supportive services. Topics may include the latest in exercise, music therapy, various other therapies and nutrition among topics.

Form 990, Part XI, Line 9

Change - beneficial interest held by others 7,110 donated services -290 total 6,820

Financial Statement Notes

Schedule D, Page 3, Part X

The organization qualifies as a tax-exempt organization under internal revenue code section 501(c)(3). The organization's status as a tax exempt not-for-profit entity is considered a tax position subject to reporting requirements under fasb accounting standards codification 740-10. Entities are required to examine all tax positions and determine if it is more likely than not that the positions would be sustained upon examination by taxing authorities. The organization has not recorded any accruals for uncertain income tax positions at june 30, 2020.

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IRS990/MissionDesc0TO IMPROVE THE QUALITY OF LIFE OF PEOPLE WITH PARKINSON'S DISEASE AND THEIR CAREGIVERS.
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IRS990/OccupancyGrp/ProgramServicesAmt029395
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc0EXPO
IRS990/OtherExpensesGrp/Desc1NETWORK CHALLENGE
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3CAUSE 4 HOPE
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01331
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0679
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0679
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04070
IRS990/PensionPlanContributionsGrp/TotalAmt05428
IRS990/PoliciesReferenceChaptersInd0true
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IRS990/ProgramServiceRevenueGrp/Desc2SPONSORED EDUCATION
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IRS990/ProgramServiceRevenueGrp/Desc4SYMPOSIUM
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE PARKINSON'S EXPO IS NEURO CHALLENGE FOUNDATION FOR PARKINSON'S SIGNATURE DAY-LONG EDUCATIONAL EVENT. THE EXPO WAS CREATED TO EDUCATE, ENGAGE AND EMPOWER THE PARKINSON'S COMMUNITY. THE EXPO FEATURES NATIONALLY RENOWNED SPEAKERS, COMMUNITY RESOURCES ESSENTIAL TO LIVING WELL WITH PD AND INTERACTIVE DEMONSTRATIONS. THE EXPO IS OFFERED AT NO CHARGE TO PEOPLE WITH PARKINSON'S AND THEIR CAREGIVERS. THE EXPO IS THE LARGEST PD SPECIFIC EDUCATIONAL EVENT IN THE COUNTRY WITH OVER 1,400 ATTENDEES ANNUALLY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt084202
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0235933
IRS990/ProgSrvcAccomActy3Grp/Desc0ANNUAL PARKINSON'S SYMPOSIUM: THIS IS ALSO ONE OF THE NATION'S LARGEST PATIENT, CAREGIVER AND HEALTH PROFESSIONAL SUMMITS ON PARKINSON'S DISEASE, DRAWING 500-PLUS ATTENDEES TO SARASOTA MEMORIAL'S INSTITUTE FOR ADVANCED MEDICINE ANNUALLY. RENOWNED PHYSICIANS WITH SPECIALTIES IN PARKINSON'S SPEAK ON THE LATEST RESEARCH AND DEVELOPMENT. TOPICS MAY INCLUDE THE LATEST IN STEM CELL RESEARCH, DEEP BRAIN STIMULATION AND PHARMACEUTICAL DEVELOPMENTS AMONG OTHER TOPICS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02987
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt016166
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DISTINGUISHED SPEAKERS: PARKINSON'S PATIENTS, CAREGIVERS AND HEALTHCARE PROFESSIONALS ARE EAGER FOR EDUCATION AND INFORMATION ON THE LATEST RESEARCH, MOVEMENT THERAPY, SPEECH THERAPY AND OTHER SUPPORTIVE SERVICES. TOPICS MAY INCLUDE THE LATEST IN EXERCISE, MUSIC THERAPY, VARIOUS OTHER THERAPIES AND NUTRITION AMONG TOPICS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01922
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt025750
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0485670
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYOtherExpensesAmt0320018
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IRS990/PYSalariesCompEmpBnftPaidAmt0409904
IRS990/PYTotalExpensesAmt0729922
IRS990/PYTotalRevenueAmt0788023
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0236014
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0193475
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0171441
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0314752
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0662872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0543555
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02193054
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ASSETS HELD BY OTHERS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS ASSET
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INCOME

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