Civic Intelligence

Neurofit Networks Inc DBA Parkinson

990 • Fiscal year 2017 • EIN 27-3309190

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 05, 2018

3849 E Broadway BlvdTucson, AZ 85716

(520) 591-5346

Siviq Scores

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

Liabilities / Assets

51st percentile

0.04x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.04x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

23rd percentile

-8.0%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

77th percentile

$70,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-10%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$837,305

Down $133,811 (-14%) from 2016

Net Assets

Down

$805,005

Down $67,680 (-7.8%) from 2016

Liabilities

Down

$32,300

Down $66,131 (-67%) from 2016

Revenue

Down

$899,673

Down $100,368 (-10%) from 2016

Expenses

Down

$971,248

Down $24,176 (-2.4%) from 2016

Net Income

Down

-$71,575

Down $76,192 (-1650%) from 2016

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

2017

Assets$837,305
Liabilities$32,300
Net Assets$805,005

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

2017

Revenue$899,673
Expenses$971,248
Net Income-$71,575
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 5, 2018
Return Version
2016v3.0
Gross Receipts
$906,954
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.

PWR! will develop and implement worldwide access to Parkinson disease-specific neuroplasticity-principled programming that holds 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$755,889$485,901▼ $269,988
Cash and Non-Interest-Bearing Accounts-$165,942-
Land, Buildings, and Equipment, Net$164,616$137,005▼ $27,611
Accounts Receivable$5,454$19,100▲ $13,646
Prepaid Expenses and Deferred Charges$17,578$14,719▼ $2,859
Inventories for Sale or Use$25,322$13,464▼ $11,858
Intangible Assets$2,257$1,174▼ $1,083
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-
Total Assets$971,116$837,305▼ $133,811
Other Assets Total-$0-
Liabilities
Deferred Revenue$22,485$31,417▲ $8,932
Accounts Payable and Accrued Expenses$75,946$881▼ $75,065
Other Liabilities-$2-
Total Liabilities$98,431$32,300▼ $66,131
Net Assets / Fund Balance
Unrestricted Net Assets$872,685$805,005▼ $67,680
Total Net Assets Fund Balance$872,685$805,005▼ $67,680
Total Liabilities and Net Assets / Fund Balance$971,116$837,305▼ $133,811

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$61,000$30,817$91,817
Equipment$42,152$40,606$82,758
Leasehold Improvements$33,853$12,077$45,930
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Becky FarleyCEOFT$70,000$70,000
Julie EvansCOOFT$63,036$63,036
Kim PeuteStrategyOfficerPT$48,267$48,267

Board Members and Trustees

NameTitle
Gail Koshland WatchelPresident
Jeanna Chandler-NashVice President
Cindy HartinDirector
Gretchen ShineDirector
Jared SimteDirector
Sarah AscherDirector
Stephanie GillespieDirector
Naren VeluSecretary
Courtnee DeBoerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$245,796
Program Service Revenue
$637,683
Investment Income
$3,061
Other Revenue
$13,133
All Other Contributions
$245,796
Change in Net Assets
$-71,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$530,566
Other Expenses$434,682
Total Fundraising Expense$12,021
Professional Fundraising Fees$6,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$290,270-$3,888$294,158
Current Officers, Directors, Trustees, and Key Employees$73,700$117,765-$191,465
Occupancy$73,583$14,072-$87,655
Conferences and Meetings$84,123$97-$84,220
Fees for Services Other$45,335$4,793-$50,128
Office Expenses$38,855$6,862$15$45,732
Travel$38,002$1,236$412$39,650
Payroll Taxes$28,538$8,590$303$37,431
Information Technology$23,849$10,586$708$35,143
Depreciation Depletion$24,000$7,028-$31,028
Insurance$13,678$3,947-$17,625
Fees for Services Accounting-$15,955-$15,955
Advertising$9,542--$9,542
Fees for Services Professional Fundraising--$6,000$6,000
Pension Plan Contributions$5,576--$5,576
Other Expenses$3,170$135$625$3,170
Other Employee Benefits$1,866-$70$1,936
Fees for Services Legal$679$398-$1,077
Total Functional Expenses$767,721$191,506$12,021$971,248
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$6,000
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$2
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
No
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 11B: Form 990 Review Process

The Chief Operations Officer will submit the draft 990 to the Board chair, the Finance Committee chair, and the full board for review prior to final submission.

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

PWR! monitors conflicts of interest to avoid both actual and perceived conflicts of interest. Each director, principal officer, and other persons with perceived and/or actual influence within the organization shall annually sign a statement which affirms s/he:(1) has received a copy of the conflict of interest policy,(2) has read and understands the policy, and (3) has agreed to comply with the policy.During board meetings, the President inquires about possible conflicts, and if there are, requests the affected person(s) recuse themselves from voting on any action that directly impacts the affected relationship.In addition, periodic reviews shall, at a minimum, include the following subjects:(1) whether compensation arrangements and benefits are reasonable, and are based on competent survey information and the result of arms-length bargaining.(2) whether partnerships, joint ventures, and/or arrangements with management organizations conform to the corporation's 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.When conducting the periodic reviews the corporation may, but need not, use outside experts. 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, comparable data prior to approving the terms of compensation. Appropriate data may include the following:(1) 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 resources.(2) the availability of similar services in the geographic area of the organization(3) current compensation surveys compiled by independent firms(4) actual written offers from similar institutions competing for the services of the person who is the subject of the compensation arrangement(5) review of the ASU Lodestar Center for Philanthropy & Nonprofit Innovation 'Nonprofit Compensation and Benefits Report'(6) review of the GuideStar 'Nonprofit Compensation Report'

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

The IRS Form 990, application for exemption, and other public documents are available upon request. There is a nominal fee for copying, plus actual postage costs, if the response is to be mailed. Requests made in person are handled immediately. Requests received by email or USPS are processed within 30 calendar days. The IRS Form 990 is also available at irs.gov and at guidestar.org.

Filing and Contact Details

Filer

Filer Name
NeuroFit Networks Inc
EIN
27-3309190
Phone
5205915346
Address
3849 E Broadway Blvd, Tucson, AZ 85716

Signing Officer

Name
Becky Farley
Title
CEO
Signed
2018-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Farley
Formed
2010
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
8
Employees
12

Preparer

Firm
Solid Ground Pllc
Address
2240 W SILVERBELL TREE DR, TUCSON, AZ 85745-7023
Preparer
Eileen M Ratajczak
Phone
5209796732
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: RESEARCH----Becky Farley, Founder and CEO, and her team of researchers write articles on Parkinson disease scientific research, including the newest developments in the area. These articles are offered to publishers, and have appeared in several scientific publications. This work is the foundation for the PWR! methodology.

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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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IRS990/Desc0PWR!GYM----The PWR!Gym is a model community wellness center in Tucson, Arizona, USA, where those living with Parkinson disease Exercise4BrainChange. Each member receives a 90-minute evaluation with a physical therapist at enrollment to determine which of three group class levels is most appropriate for their current level of ability. Members are re-evaluated every six months to determine if a change in class level is warranted. PWR!PLUS offers enrichment classes such as singing, tai chi, and tango, which enhance the PWR!Moves methodology. One-on-one rehabilitation sessions with a physical therapist provide individualized training and support. These services are also available for non-members at an a la carte price. This year's 585 newly certified trainers provided rehab services to an estimated 4,400 additional clients, and gym services to an estimated 10,200 additional clients.
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IRS990/Form990PartVIISectionAGrp/PersonNm8Sarah Ascher
IRS990/Form990PartVIISectionAGrp/PersonNm9Becky Farley
IRS990/Form990PartVIISectionAGrp/PersonNm10Julie Evans
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IRS990/MissionDesc0PWR! will develop and implement worldwide access to Parkinson disease-specific neuroplasticity-principled programming that holds promise to slow disease progression, improve symptoms, restore function, and increase longevity and quality of life.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CERTIFICATION WORKSHOPS----PWR! conducts workshops in the US and around the world to train and certify physical therapists, occupational therapists, and fitness instructors in the PWR! methodology. Therapists learn how to design comprehensive, individualized programs for people with Parkinson disease which address multiple symptoms and various levels of functionality. Instructors learn how to conduct group classes which utlize larger and faster functional movements to reduce symptoms of Parkinson's. This year, PWR! held 22 workshops and certified 585 professionals, who provided rehabilitation services to an estimated 4,400 additional clients, and gym services to an estimated 10,200 additional clients.
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IRS990/ProgSrvcAccomActy3Grp/Desc0RETREATS----PWR! holds a week-long, in-depth, annual retreat for people with Parkinson's and their care partners. Attendees learn about the latest research on exercise and wellness activities related to Parkinson disease, then put that learning into practice. Daily programming includes education sessions, group exercise, pole walking, and enrichment activities. Over 100 people participated in this year's retreat. EDUCATIONAL EVENTS----PWR! personnel hold educational events at the main location in Tucson, AZ, and travel the world educating the Parkinson community on the PWR! methodology and the latest research supporting it. This year, over 3000 people attended these events.
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