Civic Intelligence

Neurofit Networks Inc DBA Parkinson

990 • Fiscal year 2019 • EIN 27-3309190

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 13, 2020

140 W Fort Lowell RdTucson, AZ 85705

(520) 591-5346

Siviq Scores

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

Liabilities / Assets

66th percentile

0.21x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.18x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

31st percentile

-2.9%

Higher net margin than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$77,198

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

67th percentile

10%

Faster asset growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

21%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,168,929

Up $110,383 (+10%) from 2018

Net Assets

Down

$922,469

Down $8,757 (-0.9%) from 2018

Liabilities

Up

$246,460

Up $119,140 (+94%) from 2018

Revenue

Up

$1,404,454

Up $247,055 (+21%) from 2018

Expenses

Up

$1,445,293

Up $405,824 (+39%) from 2018

Net Income

Down

-$40,839

Down $158,769 (-135%) from 2018

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

2019

Assets$1,168,929
Liabilities$246,460
Net Assets$922,469

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

2019

Revenue$1,404,454
Expenses$1,445,293
Net Income-$40,839
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 13, 2020
Return Version
2018v3.1
Gross Receipts
$1,408,900
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$585,833$774,765▲ $188,932
Accounts Receivable$61,401$152,114▲ $90,713
Cash and Non-Interest-Bearing Accounts$275,508$112,486▼ $163,022
Land, Buildings, and Equipment, Net$108,473$94,937▼ $13,536
Inventories for Sale or Use$12,919$18,799▲ $5,880
Prepaid Expenses and Deferred Charges$14,318$15,826▲ $1,508
Intangible Assets$91$0▼ $91
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$1,058,546$1,168,929▲ $110,383
Other Assets Total$3$2▼ $1
Liabilities
Accounts Payable and Accrued Expenses$31,107$150,676▲ $119,569
Deferred Revenue$96,213$95,784▼ $429
Total Liabilities$127,320$246,460▲ $119,140
Net Assets / Fund Balance
Unrestricted Net Assets$931,226$870,634▼ $60,592
Temporarily Rstr Net Assets-$51,835-
Total Net Assets Fund Balance$931,226$922,469▼ $8,757
Total Liabilities and Net Assets / Fund Balance$1,058,546$1,168,929▲ $110,383

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,441$68,552$100,993
Other Land Buildings$34,767$57,050$91,817
Leasehold Improvements$27,729$18,201$45,930
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Becky FarleyCRO/CEOFT$72,692$4,506$77,198
Kimberly PeuteCOO/Interim CEOFT$71,627$4,429$76,056
Julie EvansCEO/COOFT$35,092$2,274$37,366

Board Members and Trustees

NameTitle
Jeanna NashChairman
Gail KoshlandVice Chair
Cindy HartinVice Chair 2018
Betty RohdeDirector
John RitchieDirector
Martha BrumfieldDirector
Mary CarryerDirector
Naren VeluDirector
Terry McElweeDirector
Thom CopeDirector
Adrian HutberCEO
Aimee GuerreroSecretary
Jared SimteTreasurer
Courtnee DeBoerTreasurer 2018
Revenue and Support

Revenue Composition

Contributions and Grants
$368,338
Program Service Revenue
$1,026,550
Investment Income
$1,442
Other Revenue
$8,124
All Other Contributions
$367,838
Change in Net Assets
$-40,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$799,942
Other Expenses$645,351
Total Fundraising Expense$15,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$512,357$16,248$12,141$540,746
Office Expenses$137,046$60,336$928$198,310
Current Officers, Directors, Trustees, and Key Employees$4,887$156,662-$161,549
Fees for Services Other$124,833$22,802-$147,635
Occupancy$82,509$14,699-$97,208
Travel$57,183$6,156$162$63,501
Payroll Taxes$43,659$12,029$1,167$56,855
Fees for Services Accounting$2,200$47,813-$50,013
Information Technology$22,103$14,521$884$37,508
Other Employee Benefits$29,900$1,495$597$31,992
Depreciation Depletion$24,881$5,795-$30,676
Insurance$4,915$6,381-$11,296
Pension Plan Contributions$8,800--$8,800
Advertising$3,354$2,884-$6,238
Fees for Services Legal-$2,966-$2,966
Total Functional Expenses$1,058,627$370,787$15,879$1,445,293
International Activity

International Summary

Spending
$4,221

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
CanadaCertification/educ workshopsTrain/educate on PWR! methods00$2,427
MalaysiaCertification/educ workshopsTrain/educate on PWR! methods00$1,794
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
Yes
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 contracted 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(s) to the IRS. Arizona no longer requires an information return for not-for-profit organizations, 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
140 W Fort Lowell Rd, Tucson, AZ 85705

Signing Officer

Name
Kim Peute
Title
COO
Signed
2020-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Peute
Formed
2010
Legal Domicile
Az
Voting Board Members
10
Independent Board Members
9
Employees
17
Volunteers
35

Preparer

Firm
Solid Ground Pllc
Address
2240 W SILVERBELL TREE DR, TUCSON, AZ 85745-7023
Preparer
Eileen 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 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/Form990PartVIISectionAGrp/TitleTxt14COO/Interim CEO
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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/Desc0PROFESSIONAL EDUCATION----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 37 workshops and certified 928 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. COMMUNITY EVENTS----PWR! personnel hold free community events locally, nationally, and internationally 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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