Civic Intelligence

Neurofit Networks Inc DBA Parkinson

990 • Fiscal year 2018 • EIN 27-3309190

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 15, 2019

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

55th percentile

0.12x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.11x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$71,225

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

85th percentile

26%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

29%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,058,546

Up $221,241 (+26%) from 2017

Net Assets

Up

$931,226

Up $126,221 (+16%) from 2017

Liabilities

Up

$127,320

Up $95,020 (+294%) from 2017

Revenue

Up

$1,157,399

Up $257,726 (+29%) from 2017

Expenses

Up

$1,039,469

Up $68,221 (+7.0%) from 2017

Net Income

Up

$117,930

Up $189,505 (+265%) from 2017

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

2018

Assets$1,058,546
Liabilities$127,320
Net Assets$931,226

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

2018

Revenue$1,157,399
Expenses$1,039,469
Net Income$117,930
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 15, 2019
Return Version
2017v2.2
Gross Receipts
$1,162,787
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$485,901$585,833▲ $99,932
Cash and Non-Interest-Bearing Accounts$165,942$275,508▲ $109,566
Land, Buildings, and Equipment, Net$137,005$108,473▼ $28,532
Accounts Receivable$19,100$61,401▲ $42,301
Prepaid Expenses and Deferred Charges$14,719$14,318▼ $401
Inventories for Sale or Use$13,464$12,919▼ $545
Intangible Assets$1,174$91▼ $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$837,305$1,058,546▲ $221,241
Other Assets Total-$3-
Liabilities
Deferred Revenue$31,417$96,213▲ $64,796
Accounts Payable and Accrued Expenses$881$31,107▲ $30,226
Other Liabilities$2--
Total Liabilities$32,300$127,320▲ $95,020
Net Assets / Fund Balance
Unrestricted Net Assets$805,005$931,226▲ $126,221
Total Net Assets Fund Balance$805,005$931,226▲ $126,221
Total Liabilities and Net Assets / Fund Balance$837,305$1,058,546▲ $221,241

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$47,884$43,933$91,817
Equipment$29,798$54,146$83,944
Leasehold Improvements$30,791$15,139$45,930
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Becky FarleyCEO/CROFT$71,225$71,225
Julie EvansCOO/CEOFT$62,363$62,363
Kim PeuteCSO/COO/CEOFT$48,702$48,702

Board Members and Trustees

NameTitle
Jeanna Chandler-NashDir/Chairman
Gail Koshland WatchelPresident
Aimee GuererroDirector
Betty RohdeDirector
Gretchen ShineDirector
John RitchieDirector
Stephanie GillespieDirector
Terry McElweeDirector
Naren VeluSecretary/Director
Jared SimteDir/Secretary
Courtnee DeBoerDir/Treasurer
Cindy HartinDir/Vice Pres
Revenue and Support

Revenue Composition

Contributions and Grants
$348,621
Program Service Revenue
$799,382
Investment Income
$1,225
Other Revenue
$8,171
All Other Contributions
$348,621
Change in Net Assets
$117,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$538,268
Other Expenses$501,201
Total Fundraising Expense$6,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$254,454$18,703$2,385$275,542
Current Officers, Directors, Trustees, and Key Employees$77,894$128,491-$206,385
Office Expenses$134,608$47,803$220$182,631
Fees for Services Other$88,164$14,252$3,100$105,516
Occupancy$76,850$14,005-$90,855
Travel$39,165$927$3$40,095
Payroll Taxes$27,035$10,421$122$37,578
Depreciation Depletion$24,014$6,785-$30,799
Fees for Services Accounting-$23,367-$23,367
Insurance$9,594$5,921-$15,515
Other Employee Benefits$12,366$2,190-$14,556
Information Technology$5,400$2,405$708$8,513
Pension Plan Contributions$3,686$521-$4,207
Advertising$1,337$2,291$20$3,648
Conferences and Meetings-$241-$241
Interest-$21-$21
Total Functional Expenses$754,567$278,344$6,558$1,039,469
International Activity

International Summary

Spending
$4,133

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeCertification/educ workshopsTrain/educate on PWR! methods00$4,133
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
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

A staff CPA prepares the 990, and the form is reviewed at three levels: management, Treasurer and Finance Committee, and then the full Board. After the Board approves the final draft of the 990, the CPA receives notice to submit the form to the IRS. Arizona no longer requires an information return for not-for-profit agencies, but continues to require a copy of the federal 990-T if one is prepared.

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 signs an annual 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 Chair inquires about possible conflicts, and if any exist, the affected persons are asked to recuse themselves from voting on any action that directly impacts the affected relationship.Compensation and benefits arrangements, along with other business relationships are periodically reviewed for reasonability, proper documentation, and to ensure that no impermissible private benefits result.

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

The board or compensation committee 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 18: Explanation of Other Means Forms Available For Public Inspection

The IRS Form 990 and the application for exemption 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.

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

Governing documents, policies, and financial statements 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.

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
Kim Peute
Title
COO
Signed
2019-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Peute
Formed
2010
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
9
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 research the latest developments in Parkinson disease and movement therapies. Her articles 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/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 25 workshops and certified 682 professionals from across the US and internationally.
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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 120 people participated in this year's retreat. EDUCATIONAL EVENTS----PWR! personnel hold educational events in the Tucson, AZ, area, 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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