Civic Intelligence

Neuro Challenge Foundation Inc.

990 • Fiscal year 2021 • EIN 26-2311656

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 17, 2022

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

70th percentile

0.15x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.16x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

39th percentile

6.3%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

46th percentile

7.2%

Faster asset growth than 46% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-27%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$901,924

Up $60,505 (+7.2%) from 2020

Net Assets

Up

$768,565

Up $111,396 (+17%) from 2020

Liabilities

Down

$133,359

Down $50,891 (-28%) from 2020

Revenue

Down

$837,162

Down $307,757 (-27%) from 2020

Expenses

Down

$784,633

Down $124,272 (-14%) from 2020

Net Income

Down

$52,529

Down $183,485 (-78%) from 2020

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

2021

Assets$901,924
Liabilities$133,359
Net Assets$768,565

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

2021

Revenue$837,162
Expenses$784,633
Net Income$52,529
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 17, 2022
Return Version
2020v4.0
Gross Receipts
$854,681
Mission and Program Overview

Mission

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

To improve the quality of life of people with parkinson's today.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$253,577$332,446▲ $78,869
Savings and Temporary Cash Investments$314,752$226,370▼ $88,382
Accounts Receivable$14,000$34,184▲ $20,184
Prepaid Expenses and Deferred Charges$12,600$4,574▼ $8,026
Land, Buildings, and Equipment, Net$5,282$4,113▼ $1,169
Total Assets$841,419$901,924▲ $60,505
Other Assets Total$241,208$300,237▲ $59,029
Liabilities
Unsecured Notes Loans Payable$89,249$89,249→ $0
Accounts Payable and Accrued Expenses$19,264$23,709▲ $4,445
Other Liabilities$75,737$20,401▼ $55,336
Total Liabilities$184,250$133,359▼ $50,891
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$560,683$642,636▲ $81,953
Net Assets With Donor Restrictions$96,486$125,929▲ $29,443
Total Net Assets Fund Balance$657,169$768,565▲ $111,396
Total Liabilities and Net Assets / Fund Balance$841,419$901,924▲ $60,505

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,113$30,903$35,016
Other Assets Org$2,671--

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
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
$620,568
Program Service Revenue
$216,418
Investment Income
$176
Other Revenue
$0
All Other Contributions
$385,657
Change in Net Assets
$52,529

Audited Revenue Reconciliation

Revenue per Audited Statements
$837,162
Total Revenue per Audited Statements
$837,162
Total Revenue per Form 990
$837,162
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$522,258
Other Expenses$262,375
Total Fundraising Expense$23,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$315,469$13,284$13,284$342,037
Current Officers, Directors, Trustees, and Key Employees$104,434$4,973$4,973$114,380
Fees for Services Other$73,622--$73,622
Fees for Services Accounting$20,588$20,588-$41,176
Payroll Taxes$37,870$1,209$1,209$40,288
Occupancy$28,443$3,879-$32,322
Office Expenses$23,446--$23,446
Other Employee Benefits$11,673$2,073$2,073$15,819
All Other Expenses$10,962$2,166$506$13,634
Pension Plan Contributions$7,204$1,265$1,265$9,734
Advertising$8,715--$8,715
Other Expenses$4,302$226-$4,528
Insurance$2,133$377-$2,510
Information Technology$1,973--$1,973
Depreciation Depletion$1,169--$1,169
Travel$441$23-$464
Conferences and Meetings-$204-$204
Total Functional Expenses$707,406$53,917$23,310$784,633

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$784,633
Total Expenses per Audited Statements$784,633
Total Expenses per Form 990$784,633
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,519
Fundraising Gross Income$17,519
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cause 4 Fashion$157,140$11,478$17,519$-6,041
Total Events$157,140$11,478$17,519$-6,041
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$20,401
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 chief executive officer 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 chief executive officer 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 chief executive officer 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
Sara Grivetti
Title
CEO
Phone
9419266413
Signed
2022-01-17
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
11
Volunteers
19

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 4A

Care advising: a diagnosis of parkinson's disease can be overwhelming as is the amount of information available on the internet that often leaves a person asking, "what information do i need to help me or my family, starting today?" the ncf care advisor encourages families with parkinson's to seek "a better approach to parkinson's" by focusing on the things they can do today to best manage their symptoms and what therapies and services can be most useful. They connect families living with parkinson's with community resources that can help them live optimally at each stage of their disease, including therapists for services they may need in their care. Ncf care advisors work to educate families living with parkinson's so they can have a mor informed dialogue with their physicians and with each other.

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

Education programs: ncf monthly and annual education programs provide information on both motor and non-motor symptoms of parkinson's and the most up to date treatments available, both medical and non-medical. The programs feature speakers who are parkinson's experts in the areas of medication management, therapy options, nutrition, exercise and non-motor aspects of the disease including but not limited to anxiety, depression and dementia, and the emotional and physical strain on the caregiver. These programs are offered virtually and in the 6-county service area. The distinguished speaker series is presented in each county served by neuro challenge, for an in-person dialogue with regional experts. National programs include the parkinson's symposium in collaboration with sarasota memorial health care institute for advance medicine and the parkinson's expo, the largest single-day educational conference of its kind, designed to educate, engage and empower the parkinson's community with nationally renowned thought leaders in emerging parkinson's treatments, therapies and outcomes.

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

Therapeutic programs: ncf monthly therapeutic programs provide the most up-to-date ways to improve quality of life with various therapies and activities. People with parkinson's can take part in these programs, specific to their chronic disease and physician recommendations, to learn ways to help themselves, free of charge. Programs include: exercise, yoga and meditation, creative writing, expressive arts, and more. Other accomplishments: we are excited and honored to announce that through a competitive process, ncf was selected to participate in the patterson foundation's margin and mission ignition initiative to create and implement a social enterprise for earned revenue. Ncf raised startup funding to launch a revenue producing initiative called the neuro challenge network. This new business model focuses on educating the medical community and allied health care professionals to work more effectively with people with parkinson's and will generate a sustainable source of income to support this expansion. The first three training modules are currently in the pilot phase with test partners and will be offered to the public in the second quarter of 2022.

Form 990, Part XI, Line 9

Change - beneficial interest held by others 58,867 donated services -10,000 total 48,867

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IRS990/MissionDesc0TO IMPROVE THE QUALITY OF LIFE OF PEOPLE WITH PARKINSON'S TODAY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION PROGRAMS: NCF MONTHLY AND ANNUAL EDUCATION PROGRAMS PROVIDE INFORMATION ON BOTH MOTOR AND NON-MOTOR SYMPTOMS OF PARKINSON'S AND THE MOST UP TO DATE TREATMENTS AVAILABLE, BOTH MEDICAL AND NON-MEDICAL. THE PROGRAMS FEATURE SPEAKERS WHO ARE PARKINSON'S EXPERTS IN THE AREAS OF MEDICATION MANAGEMENT, THERAPY OPTIONS, NUTRITION, EXERCISE AND NON-MOTOR ASPECTS OF THE DISEASE INCLUDING BUT NOT LIMITED TO ANXIETY, DEPRESSION AND DEMENTIA, AND THE EMOTIONAL AND PHYSICAL STRAIN ON THE CAREGIVER. THESE PROGRAMS ARE OFFERED VIRTUALLY AND IN THE 6-COUNTY SERVICE AREA. THE DISTINGUISHED SPEAKER SERIES IS PRESENTED IN EACH COUNTY SERVED BY NEURO CHALLENGE, FOR AN IN-PERSON DIALOGUE WITH REGIONAL EXPERTS. NATIONAL PROGRAMS INCLUDE THE PARKINSON'S SYMPOSIUM IN COLLABORATION WITH SARASOTA MEMORIAL HEALTH CARE INSTITUTE FOR ADVANCE MEDICINE AND THE PARKINSON'S EXPO, THE LARGEST SINGLE-DAY EDUCATIONAL CONFERENCE OF ITS KIND, DESIGNED TO EDUCATE, ENGAGE AND EMPOWER THE PARKINSON'S COMMUNITY WITH NATIONALLY RENOWNED THOUGHT LEADERS IN EMERGING PARKINSON'S TREATMENTS, THERAPIES AND OUTCOMES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SUPPORT GROUPS: A DIAGNOSIS OF PARKINSON'S CAN BRING WITH IT A WIDE RANGE OF EMOTIONS AT EVER-CHANGING LEVELS OF INTENSITY. IT IS IMPORTANT FOR PEOPLE WITH PARKINSON'S AND THEIR CAREGIVERS TO KNOW THAT THEY ARE NOT ALONE IN THEIR JOURNEY. A STRONG COMMUNITY CAN HELP THOSE WITH PARKINSON'S AND THEIR CAREGIVERS ADDRESS THE IMMEDIATE AND LONG-TERM EMOTIONAL IMPACT OF A PARKINSON'S DIAGNOSIS. PARKINSON'S FAMILIES OFTEN EXPERIENCE SOCIAL ISOLATION DUE TO PHYSICAL AND GEOGRAPHIC LIMITATIONS. NCF PROVIDES OPPORTUNITIES FOR FAMILIES TO HAVE A COMMUNITY OF SUPPORT AMONG THOSE ON THE SAME JOURNEY.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THERAPEUTIC PROGRAMS: NCF MONTHLY THERAPEUTIC PROGRAMS PROVIDE THE MOST UP-TO-DATE WAYS TO IMPROVE QUALITY OF LIFE WITH VARIOUS THERAPIES AND ACTIVITIES. PEOPLE WITH PARKINSON'S CAN TAKE PART IN THESE PROGRAMS, SPECIFIC TO THEIR CHRONIC DISEASE AND PHYSICIAN RECOMMENDATIONS, TO LEARN WAYS TO HELP THEMSELVES, FREE OF CHARGE. PROGRAMS INCLUDE: EXERCISE, YOGA AND MEDITATION, CREATIVE WRITING, EXPRESSIVE ARTS, AND MORE. OTHER ACCOMPLISHMENTS: WE ARE EXCITED AND HONORED TO ANNOUNCE THAT THROUGH A COMPETITIVE PROCESS, NCF WAS SELECTED TO PARTICIPATE IN THE PATTERSON FOUNDATION'S MARGIN AND MISSION IGNITION INITIATIVE TO CREATE AND IMPLEMENT A SOCIAL ENTERPRISE FOR EARNED REVENUE. NCF RAISED STARTUP FUNDING TO LAUNCH A REVENUE PRODUCING INITIATIVE CALLED THE NEURO CHALLENGE NETWORK. THIS NEW BUSINESS MODEL FOCUSES ON EDUCATING THE MEDICAL COMMUNITY AND ALLIED HEALTH CARE PROFESSIONALS TO WORK MORE EFFECTIVELY WITH PEOPLE WITH PARKINSON'S AND WILL GENERATE A SUSTAINABLE SOURCE OF INCOME TO SUPPORT THIS EXPANSION. THE FIRST THREE TRAINING MODULES ARE CURRENTLY IN THE PILOT PHASE WITH TEST PARTNERS AND WILL BE OFFERED TO THE PUBLIC IN THE SECOND QUARTER OF 2022.
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