Civic Intelligence

Neurofit Networks Inc DBA Parkinson

990 • Fiscal year 2015 • EIN 27-3309190

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 05, 2016

3849 E Broadway BlvdTucson, AZ 85716

(520) 591-5821

Siviq Scores

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

Liabilities / Assets

60th percentile

0.10x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

79th percentile

$72,700

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$934,178

Up $139,815 (+18%) from 2014

Net Assets

Up

$842,626

Up $102,673 (+14%) from 2014

Liabilities

Up

$91,552

Up $37,142 (+68%) from 2014

Revenue

Up

$976,062

Up $239,968 (+33%) from 2014

Expenses

Up

$858,910

Up $321,411 (+60%) from 2014

Net Income

Down

$117,152

Down $81,443 (-41%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2014: $794,363Liabilities 2014: $54,410Net Assets 2014: $739,9532014Assets 2015: $934,178Liabilities 2015: $91,552Net Assets 2015: $842,6262015Assets 2016: $971,116Liabilities 2016: $98,431Net Assets 2016: $872,6852016Assets 2017: $837,305Liabilities 2017: $32,300Net Assets 2017: $805,0052017Assets 2018: $1,058,546Liabilities 2018: $127,320Net Assets 2018: $931,2262018Assets 2019: $1,168,929Liabilities 2019: $246,460Net Assets 2019: $922,4692019Assets 2020: $839,335Liabilities 2020: $300,854Net Assets 2020: $538,4812020Assets 2021: $668,084Liabilities 2021: $277,042Net Assets 2021: $391,0422021Assets 2022: $868,104Liabilities 2022: $500,825Net Assets 2022: $367,2792022Assets 2023: $1,626,133Liabilities 2023: $947,777Net Assets 2023: $678,3562023Assets 2024: $1,390,721Liabilities 2024: $844,439Net Assets 2024: $546,2822024

Highlighted filing

2015

Assets$934,178
Liabilities$91,552
Net Assets$842,626

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $736,094Expenses 2014: $537,499Net Income 2014: $198,5952014Revenue 2015: $976,062Expenses 2015: $858,910Net Income 2015: $117,1522015Revenue 2016: $1,000,041Expenses 2016: $995,424Net Income 2016: $4,6172016Revenue 2017: $899,673Expenses 2017: $971,248Net Income 2017: -$71,5752017Revenue 2018: $1,157,399Expenses 2018: $1,039,469Net Income 2018: $117,9302018Revenue 2019: $1,404,454Expenses 2019: $1,445,293Net Income 2019: -$40,8392019Revenue 2020: $1,043,248Expenses 2020: $1,426,481Net Income 2020: -$383,2332020Revenue 2021: $1,454,444Expenses 2021: $1,527,159Net Income 2021: -$72,7152021Revenue 2022: $1,952,143Expenses 2022: $1,975,906Net Income 2022: -$23,7632022Revenue 2023: $2,441,835Expenses 2023: $2,130,758Net Income 2023: $311,0772023Revenue 2024: $2,102,416Expenses 2024: $2,125,261Net Income 2024: -$22,8452024

Highlighted filing

2015

Revenue$976,062
Expenses$858,910
Net Income$117,152
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 5, 2016
Return Version
2014v6.0
Gross Receipts
$991,669
Mission and Program Overview

Mission

To enhance access to and awareness of research driven exercise that improves quality of life for people with parkinson disease.

To develop and implement worldwide access to Parkinson disease-specific neuroplasticity-principled exercise programs that hold promise to slow disease progression, improve symptoms, restore function, and increase longevity and quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$721,297$721,766▲ $469
Land, Buildings, and Equipment, Net$39,698$151,682▲ $111,984
Inventories for Sale or Use$19,980$27,933▲ $7,953
Accounts Receivable$2,780$19,022▲ $16,242
Prepaid Expenses and Deferred Charges$9,278$12,198▲ $2,920
Cash and Non-Interest-Bearing Accounts$1,330$1,577▲ $247
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$794,363$934,178▲ $139,815
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$45,622$49,167▲ $3,545
Deferred Revenue$8,788$42,385▲ $33,597
Total Liabilities$54,410$91,552▲ $37,142
Net Assets / Fund Balance
Unrestricted Net Assets$739,953$842,626▲ $102,673
Total Net Assets Fund Balance$739,953$842,626▲ $102,673
Total Liabilities and Net Assets / Fund Balance$794,363$934,178▲ $139,815

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$74,709$5,747$80,456
Equipment$38,463$15,051$53,514
Leasehold Improvements$38,510$6,004$44,514
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Becky FarleyCEOFT$67,500$5,200$72,700
Tony BouieFormer COOFT$30,295$1,000$31,295

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$295,166
Program Service Revenue
$653,977
Investment Income
$3,206
Other Revenue
$23,713
All Other Contributions
$295,166
Change in Net Assets
$117,152

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$34,370Comparable Sales
Other Non Cash Contri Table7$1,695COMP SALEs
Other Non Cash Contri Table2$449COMP SALEs
Total Noncash Contributions10$36,514-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$466,085
Salaries, Compensation, and Employee Benefits$392,825
Total Fundraising Expense$30,784
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,837$38,346$16,575$220,758
Travel$144,440$175$218$144,833
Current Officers, Directors, Trustees, and Key Employees$102,539$25,678$10,029$138,246
Occupancy$84,318$431-$84,749
Fees for Services Other$84,311--$84,311
Office Expenses$36,190$8,039$907$45,136
Payroll Taxes$21,475$5,055$2,030$28,560
Advertising$17,971$106$738$18,815
Fees for Services Accounting-$17,479-$17,479
Depreciation Depletion$14,479--$14,479
Insurance$7,069$4,148-$11,217
Fees for Services Legal$944$3,170-$4,114
All Other Expenses$3,643$157-$3,800
Other Expenses$1,217$2,530$142$3,747
Other Employee Benefits$1,578$1,935-$3,513
Conferences and Meetings$2,706--$2,706
Pension Plan Contributions$1,479$202$67$1,748
Total Functional Expenses$719,798$108,328$30,784$858,910
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Line 4: Description of Significant Changes to Organizational Documents

Proposed changes in By-laws to comprehensively outline (a) staggered terms of board members and (b) job descriptions for elected officers.Changes were unanimously approved with clarifications regarding the definition of books and records.To become compliant with the amended By-laws, staggered terms were established for all board members.

Form 990, Part VI, Line 11B: Form 990 Review Process

The chair, treasurer, and ceo/coo shall review and approve electronically.if there are any concerns, we will meet in person and file an extension if necessary to give time for discussion.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annual Statements. Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person:(1) has received a copy of the conflicts of interest policy,(2) has read and understands the policy,(3) has agreed to comply with the policy, and(4) understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.Periodic Reviews. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects:(1) Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms-length bargaining.(2) Whether partnerships, joint ventures, and arrangements with management organizations conform to the corporations written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.Use of Outside Experts. When conducting the periodic reviews the corporation may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The board or compensation committee shall obtain and rely upon appropriate data as to comparability prior to approving the terms of compensation. Appropriate data may include the following:compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions. "Similarly situated" organizations are those of a similar size and purpose and with similar resourcesthe availability of similar services in the geographic area of this organizationcurrent compensation surveys compiled by independent firmsactual written offers from similar institutions competing for the services of the person who is the subject of the compensation arrangement.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST TO ANY INDIVIDUALS THAT REQUEST IT AT NO CHARGE OR SUBJECT TO THE CHARGES PERMITTED by LAW.Request can be made in person, via email or fax or on website. We are registered on Guidestar and can also direct people to that link to view it

Filing and Contact Details

Filer

Filer Name
Neurofit Networks Inc
EIN
27-3309190
Phone
5205915821
Address
3849 E Broadway Blvd, Tucson, AZ 85716

Signing Officer

Name
Becky G Farley
Title
CEO/Founder
Signed
2016-01-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky G Farley
Formed
2010
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
8
Employees
5
Volunteers
34

Preparer

Firm
HBL CPAs PC
Address
5656 E Grant Rd Ste 200, Tucson, AZ 85712
Preparer
Michael J Devries
Phone
5208863181
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