Civic Intelligence

Neuro Challenge Foundation Inc.

990 • Fiscal year 2023 • EIN 26-2311656

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 04, 2023

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

60th percentile

0.05x

Higher debt load relative to assets than 60% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.03x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

16th percentile

-20%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

9th percentile

-24%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-12%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$507,764

Down $156,303 (-24%) from 2022

Net Assets

Down

$482,935

Down $130,257 (-21%) from 2022

Liabilities

Down

$24,829

Down $26,046 (-51%) from 2022

Revenue

Down

$781,054

Down $105,697 (-12%) from 2022

Expenses

Down

$937,946

Down $68,103 (-6.8%) from 2022

Net Income

Down

-$156,892

Down $37,594 (-32%) from 2022

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

2023

Assets$507,764
Liabilities$24,829
Net Assets$482,935

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

2023

Revenue$781,054
Expenses$937,946
Net Income-$156,892
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 4, 2023
Return Version
2022v5.0
Gross Receipts
$882,250
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 for people with parkinson's and their caregivers, today.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$225,793$41,063▼ $184,730
Pledges and Grants Receivable$26,300--
Cash and Non-Interest-Bearing Accounts$109,364$16,027▼ $93,337
Prepaid Expenses and Deferred Charges$6,556$8,740▲ $2,184
Accounts Receivable$23,280$5,891▼ $17,389
Land, Buildings, and Equipment, Net$7,512$5,860▼ $1,652
Total Assets$664,067$507,764▼ $156,303
Other Assets Total$265,262$430,183▲ $164,921
Liabilities
Other Liabilities$22,952$16,144▼ $6,808
Accounts Payable and Accrued Expenses$27,923$8,685▼ $19,238
Total Liabilities$50,875$24,829▼ $26,046
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$528,808$419,385▼ $109,423
Net Assets With Donor Restrictions$84,384$63,550▼ $20,834
Total Net Assets Fund Balance$613,192$482,935▼ $130,257
Total Liabilities and Net Assets / Fund Balance$664,067$507,764▼ $156,303

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,860$33,854$39,714
Other Assets Org$1--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$297,566-▼ $35,188-$261,491
2020$238,699-▲ $59,695-$297,566
2019$231,590-▲ $7,855-$238,699
2018$197,605$20,000▲ $14,673-$231,590
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad BryanChair
Emily WalshVice Chair
Aimee ChouinardDirector
Alfred PandlDirector
Bob BrayDirector
Dr Linda ThompsonDirector
Sal FontanaDirector
Steve SolowskyDirector
Cynthia L MillerSecretary
Patricia EntsmingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$459,132
Program Service Revenue
$169,926
Investment Income
$854
Other Revenue
$151,142
All Other Contributions
$319,661
Change in Net Assets
$-156,892

Audited Revenue Reconciliation

Revenue per Audited Statements
$781,054
Total Revenue per Audited Statements
$781,054
Total Revenue per Form 990
$781,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$573,811
Other Expenses$364,135
Total Fundraising Expense$17,660
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$359,444$11,472$11,472$382,388
Current Officers, Directors, Trustees, and Key Employees$110,230$3,518$3,518$117,266
Fees for Services Accounting$25,815$25,815-$51,630
All Other Expenses$44,554$2,642$445$47,641
Fees for Services Other$46,182--$46,182
Payroll Taxes$39,201$1,251$1,251$41,703
Occupancy$30,523$4,162-$34,685
Other Employee Benefits$21,373$682$682$22,737
Office Expenses$22,367--$22,367
Other Expenses$19,495$2,972-$19,495
Travel$13,630$718-$14,348
Pension Plan Contributions$9,133$292$292$9,717
Advertising$8,961--$8,961
Insurance$2,944$520-$3,464
Depreciation Depletion$1,650--$1,650
Fees for Services Legal$681$680-$1,361
Conferences and Meetings-$841-$841
Total Functional Expenses$864,721$55,565$17,660$937,946

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$937,946
Total Expenses per Audited Statements$937,946
Total Expenses per Form 990$937,946
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$252,338
Fundraising Direct Expenses$101,196
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cause 4 Hope$174,536$174,536$61,620$112,916
Cause 4 Fashion$69,964$69,964$36,052$33,912
Total Events$244,500$244,500$97,672$146,828
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$16,144
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
Patricia Entsminger
Title
Treasurer
Phone
9419266413
Signed
2023-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia Entsminger
Formed
2008
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
13
Volunteers
75

Preparer

Firm
Miller & Miller Pa CPA
Address
5660 MARQUESAS CIR, SARASOTA, FL 34233
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 26,635

Financial Statement Notes

Schedule D, Page 3, Part X

Neuro challenge foundation, inc. Is classified as a not-for-profit organization and is tax exempt under section 501(c)(3) of the internal revenue code. Neuro challenge foundation,inc's tax-exempt status is considere4d a tax position subject to reporting requirements under financial accounting standards board asc 740-10. Entities are required under asc 740-10 to examine all tax positions and deterine if it is more likely than not that the positions would be sustained upon examination by taxing authorities. Neuro challenge foundation, inc. Has analyzed income tax filing positions taken and believes the positions will be sustained upon examination. Accordingly, neuro challenge foundation, inc. Has not recorded any accruals from uncertain income tax positions at june 30, 2023.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NEURO CHALLENGE FOUNDATION, INC. IS CLASSIFIED AS A NOT-FOR-PROFIT ORGANIZATION AND IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NEURO CHALLENGE FOUNDATION,INC'S TAX-EXEMPT STATUS IS CONSIDERE4D A TAX POSITION SUBJECT TO REPORTING REQUIREMENTS UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ASC 740-10. ENTITIES ARE REQUIRED UNDER ASC 740-10 TO EXAMINE ALL TAX POSITIONS AND DETERINE IF IT IS MORE LIKELY THAN NOT THAT THE POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. NEURO CHALLENGE FOUNDATION, INC. HAS ANALYZED INCOME TAX FILING POSITIONS TAKEN AND BELIEVES THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, NEURO CHALLENGE FOUNDATION, INC. HAS NOT RECORDED ANY ACCRUALS FROM UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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