Civic Intelligence

Neurofit Networks Inc DBA Parkinson

990 • Fiscal year 2020 • EIN 27-3309190

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 03, 2021

4343 N Oracle Rd Suite 173Tucson, AZ 85701

(520) 591-5346

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$785,220

Down $383,709 (-33%) from 2019

Net Assets

Down

$484,366

Down $438,103 (-47%) from 2019

Liabilities

Up

$300,854

Up $54,394 (+22%) from 2019

Revenue And Expenses

Revenue

Down

$1,043,248

Down $361,206 (-26%) from 2019

Expenses

Up

$1,480,596

Up $35,303 (+2.4%) from 2019

Net Income

Down

-$437,348

Down $396,509 (-971%) from 2019

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: $785,220Liabilities 2020: $300,854Net Assets 2020: $484,3662020Assets 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

2020

Assets$785,220
Liabilities$300,854
Net Assets$484,366

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: $1,480,596Net Income 2020: -$437,3482020Revenue 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

2020

Revenue$1,043,248
Expenses$1,480,596
Net Income-$437,348
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 3, 2021
Return Version
2019v5.0
Gross Receipts
$1,056,427
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$774,765$446,616▼ $328,149
Cash and Non-Interest-Bearing Accounts$112,486$160,728▲ $48,242
Accounts Receivable$152,114$89,640▼ $62,474
Land, Buildings, and Equipment, Net$94,937$70,648▼ $24,289
Inventories for Sale or Use$18,799$6,789▼ $12,010
Prepaid Expenses and Deferred Charges$15,826$6,372▼ $9,454
Investments in Publicly Traded Securities-$4,427-
Total Assets$1,168,929$785,220▼ $383,709
Other Assets Total$2--
Liabilities
Unsecured Notes Loans Payable-$173,400-
Deferred Revenue$95,784$91,088▼ $4,696
Accounts Payable and Accrued Expenses$150,676$36,366▼ $114,310
Total Liabilities$246,460$300,854▲ $54,394
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$870,634$431,811▼ $438,823
Net Assets With Donor Restrictions$51,835$52,555▲ $720
Total Net Assets Fund Balance$922,469$484,366▼ $438,103
Total Liabilities and Net Assets / Fund Balance$1,168,929$785,220▼ $383,709

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,335$83,089$107,424
Other Land Buildings$21,649$70,168$91,817
Leasehold Improvements$24,664$21,266$45,930
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Adrian HutberCEOFT$133,145$6,118$139,263
Kimberly PeuteCOOFT$87,319$4,966$92,285

Board Members and Trustees

NameTitle
Martha BrumfieldChair
Jeanna NashChair 2019
Mary CarryerVice Chair
Gail KoshlandVice Chair 2
Felipe LobeloDirector
John RitchieDirector
Kanchana NarendranDirector
Naren VeluDirector
Sarah AscherDirector
Thom CopeDirector
Aimee GuerreroSecretary
Jared SimteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$177,315
Program Service Revenue
$862,783
Investment Income
$5,748
Other Revenue
$-2,598
All Other Contributions
$156,784
Change in Net Assets
$-437,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$962,118
Other Expenses$488,478
Grants and Similar Amounts Paid$30,000
Total Fundraising Expense$29,305
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$616,290$22,158$17,394$655,842
Current Officers, Directors, Trustees, and Key Employees-$203,280-$203,280
Office Expenses$94,325$13,509$2,354$110,188
Fees for Services Other$86,947$1,217-$88,164
Occupancy$69,171$8,756$793$78,720
Payroll Taxes$47,367$17,416$1,331$66,114
Fees for Services Accounting$30,339$25,227$569$56,135
Travel$45,056$5,791-$50,847
Information Technology$32,250$5,785$4,776$42,811
Depreciation Depletion$22,477$7,770-$30,247
Grants to Domestic Orgs$30,000--$30,000
Other Employee Benefits$11,947$9,796$71$21,814
Pension Plan Contributions$8,547$6,211$310$15,068
Insurance$5,347$6,617$27$11,991
Fees for Services Legal$9,388$280-$9,668
Advertising$7,333$307$1,680$9,320
Interest$10$377-$387
Total Functional Expenses$1,116,794$334,497$29,305$1,480,596
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
PARKINSON'S PANTOMIME PROJECTMontpelier, VT--$30,000

International Summary

Spending
$4,030

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
NetherlandsCertification/eduTrain/edu on Methods--$4,030
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
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 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
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, Page 6, Part VI, Line 11B

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 finance committee 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, Page 6, Part VI, Line 12C

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, Page 6, Part VI, Line 15A

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, Page 6, Part VI, Line 18

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, Page 6, Part VI, Line 19

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
4343 N ORACLE RD SUITE 173, TUCSON, AZ 85701

Signing Officer

Name
Kimberly Peute
Title
COO
Phone
5205915346
Signed
2021-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Peute
Formed
2010
Legal Domicile
Az
Voting Board Members
10
Independent Board Members
9
Employees
21
Volunteers
35

Preparer

Firm
Mod Ventures LLC
Address
215 W GIACONDA WAY 131, TUCSON, AZ 85704
Preparer
Larisa Alexei Cooper
Phone
5205721248
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Page 2, Part III, Line 4A

Physical therapy services----the pwrgym is a model community wellness center in tucson, arizona, where parkinson-specialized physical therapists provide research-based therapy to those living with parkinson disease. The functional therapeutic approach, pwrmoves, was created by pwr founder and chief scientific officer, dr. Becky farley, phd, ms, pt. While the majority of clients are local to the tucson area, dozens come to the pwrgym each year from around the united states, canada, and elsewhere to benefit from the cutting-edge therapeutic programs provided. Through regular individual therapy and unique "intensive" programs, pwr provided nearly 4,000 hours of therapy to insurance and self-pay clients during this fiscal year. During the height of the covid-19 pandemic, and in alignment with guidelines established by the applicable regulatory authorities, pwrgym therapists offered these services virtually, providing vital skilled support services to a patient population that must keep moving to maintain physical and cognitive function.

Form 990, Page 2, Part III, Line 4B

Exercise and wellness services---at the pwrgym, parkinson-exercise specialists typically conduct about forty (40) multi-level group exercise classes weekly. When the covid-19 global pandemic ramped up in arizona, pwr stopped providing in-person for the safety of its employees and clients. Cognizant of the potential cognitive and physical decline associated with inactivity and isolation in people with parkinson disease, pwr successfully pivoted to virtual programming by conducting live- streamed exercise classes and providing virtual one-on-one wellness consultations. Ultimately, the new "pwr virtual experience" was born, featuring multi-level, pre-recorded exercise videos to help people our clients maintain their level of fitness and quality of life. Furthermore, the pwr virtual experience, located at www.exerciseforbrainchange.org - is available to anyone with an internet connection, so people with pd anywhere can receive parkinson-specific exercise services. Subscribers can exercise in their home or wherever they are by choosing prerecorded videos of more than a dozen different modalities of exercise videos or participate in a live class with real-time feedback from a pd-specific instructor.

Form 990, Page 2, Part III, Line 4C

Continuing education for therapy and exercise professionals---each year, pwr conducts workshops in the us and around the world to train and certify physical and occupational therapists and exercise professionals in the pwrmoves methodology. Pwr workshops are unique in the continuing education arena because of live demonstrations and practica featuring volunteers with pd, which gives participants the opportunity to observe, learn, and then practice the skills being taught. Therapist workshops teach how to design comprehensive, individualized therapy programs for people with pd that address multiple symptoms across varying levels of functionality. Instructor workshops teach participants how to design and teach community group exercise programs utilizing large and fast functional movements (based on the pwrmoves) to decrease the symptoms of pd in participants. Together, these workshops train professionals to create a clinical-to-community model of care for people with pd to maintain function and quality of life using appropriately timed bouts of therapeutic intervention with continued community-based exercise programs in between bouts. To date, pwr has trained over 4,000 therapists and 1,100 instructors who are providing pd-specialized programs around the globe.

Form 990, Page 2, Part III, Line 4D

Science & research ----- in addition to the services previously described, pwr also maintains a dynamic science & research program. As an active research site, pwr clinical staff retain a database of de-identified patient data reflecting results of tests and measures taken at regular intervals throughout participation in pwr programs. Data is routinely analyzed internally and with outside institutional partners to explore various questions and periodically present and publish the results. Led by dr. Becky farley, phd, staff also compile the most recent research on parkinson disease and pd-specific movement therapies, translating the science into cutting-edge programs and services offered at the pwrgym, through the pwr virtual experience, and through continuing education courses for therapy and exercise professionals. Parkinson wellness recovery (pwr) received a grant from the triskeles foundation to help support the parkinsons pantomime project. The parkinsons pantomime project, created and run by rob mermin, is a mime- based movement therapy program based on motor-skills adapted from the techniques of pantomime and circus to modify or alleviate symptoms of idiopathic parkinsons disease.

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IRS990/ProgSrvcAccomActy2Grp/Desc0EXERCISE AND WELLNESS SERVICES---AT THE PWRGYM, PARKINSON-EXERCISE SPECIALISTS TYPICALLY CONDUCT ABOUT FORTY (40) MULTI-LEVEL GROUP EXERCISE CLASSES WEEKLY. WHEN THE COVID-19 GLOBAL PANDEMIC RAMPED UP IN ARIZONA, PWR STOPPED PROVIDING IN-PERSON FOR THE SAFETY OF ITS EMPLOYEES AND CLIENTS. COGNIZANT OF THE POTENTIAL COGNITIVE AND PHYSICAL DECLINE ASSOCIATED WITH INACTIVITY AND ISOLATION IN PEOPLE WITH PARKINSON DISEASE, PWR SUCCESSFULLY PIVOTED TO VIRTUAL PROGRAMMING BY CONDUCTING LIVE- STREAMED EXERCISE CLASSES AND PROVIDING VIRTUAL ONE-ON-ONE WELLNESS CONSULTATIONS. ULTIMATELY, THE NEW "PWR VIRTUAL EXPERIENCE" WAS BORN, FEATURING MULTI-LEVEL, PRE-RECORDED EXERCISE VIDEOS TO HELP PEOPLE OUR CLIENTS MAINTAIN THEIR LEVEL OF FITNESS AND QUALITY OF LIFE. FURTHERMORE, THE PWR VIRTUAL EXPERIENCE, LOCATED AT WWW.EXERCISEFORBRAINCHANGE.ORG - IS AVAILABLE TO ANYONE WITH AN INTERNET CONNECTION, SO PEOPLE WITH PD ANYWHERE CAN RECEIVE PARKINSON-SPECIFIC EXERCISE SERVICES. SUBSCRIBERS CAN EXERCISE IN THEIR HOME OR WHEREVER THEY ARE BY CHOOSING PRERECORDED VIDEOS OF MORE THAN A DOZEN DIFFERENT MODALITIES OF EXERCISE VIDEOS OR PARTICIPATE IN A LIVE CLASS WITH REAL-TIME FEEDBACK FROM A PD-SPECIFIC INSTRUCTOR.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CONTINUING EDUCATION FOR THERAPY AND EXERCISE PROFESSIONALS---EACH YEAR, PWR CONDUCTS WORKSHOPS IN THE US AND AROUND THE WORLD TO TRAIN AND CERTIFY PHYSICAL AND OCCUPATIONAL THERAPISTS AND EXERCISE PROFESSIONALS IN THE PWRMOVES METHODOLOGY. PWR WORKSHOPS ARE UNIQUE IN THE CONTINUING EDUCATION ARENA BECAUSE OF LIVE DEMONSTRATIONS AND PRACTICA FEATURING VOLUNTEERS WITH PD, WHICH GIVES PARTICIPANTS THE OPPORTUNITY TO OBSERVE, LEARN, AND THEN PRACTICE THE SKILLS BEING TAUGHT. THERAPIST WORKSHOPS TEACH HOW TO DESIGN COMPREHENSIVE, INDIVIDUALIZED THERAPY PROGRAMS FOR PEOPLE WITH PD THAT ADDRESS MULTIPLE SYMPTOMS ACROSS VARYING LEVELS OF FUNCTIONALITY. INSTRUCTOR WORKSHOPS TEACH PARTICIPANTS HOW TO DESIGN AND TEACH COMMUNITY GROUP EXERCISE PROGRAMS UTILIZING LARGE AND FAST FUNCTIONAL MOVEMENTS (BASED ON THE PWRMOVES) TO DECREASE THE SYMPTOMS OF PD IN PARTICIPANTS. TOGETHER, THESE WORKSHOPS TRAIN PROFESSIONALS TO CREATE A CLINICAL-TO-COMMUNITY MODEL OF CARE FOR PEOPLE WITH PD TO MAINTAIN FUNCTION AND QUALITY OF LIFE USING APPROPRIATELY TIMED BOUTS OF THERAPEUTIC INTERVENTION WITH CONTINUED COMMUNITY-BASED EXERCISE PROGRAMS IN BETWEEN BOUTS. TO DATE, PWR HAS TRAINED OVER 4,000 THERAPISTS AND 1,100 INSTRUCTORS WHO ARE PROVIDING PD-SPECIALIZED PROGRAMS AROUND THE GLOBE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCIENCE & RESEARCH ----- IN ADDITION TO THE SERVICES PREVIOUSLY DESCRIBED, PWR ALSO MAINTAINS A DYNAMIC SCIENCE & RESEARCH PROGRAM. AS AN ACTIVE RESEARCH SITE, PWR CLINICAL STAFF RETAIN A DATABASE OF DE-IDENTIFIED PATIENT DATA REFLECTING RESULTS OF TESTS AND MEASURES TAKEN AT REGULAR INTERVALS THROUGHOUT PARTICIPATION IN PWR PROGRAMS. DATA IS ROUTINELY ANALYZED INTERNALLY AND WITH OUTSIDE INSTITUTIONAL PARTNERS TO EXPLORE VARIOUS QUESTIONS AND PERIODICALLY PRESENT AND PUBLISH THE RESULTS. LED BY DR. BECKY FARLEY, PHD, STAFF ALSO COMPILE THE MOST RECENT RESEARCH ON PARKINSON DISEASE AND PD-SPECIFIC MOVEMENT THERAPIES, TRANSLATING THE SCIENCE INTO CUTTING-EDGE PROGRAMS AND SERVICES OFFERED AT THE PWRGYM, THROUGH THE PWR VIRTUAL EXPERIENCE, AND THROUGH CONTINUING EDUCATION COURSES FOR THERAPY AND EXERCISE PROFESSIONALS. PARKINSON WELLNESS RECOVERY (PWR) RECEIVED A GRANT FROM THE TRISKELES FOUNDATION TO HELP SUPPORT THE PARKINSONS PANTOMIME PROJECT. THE PARKINSONS PANTOMIME PROJECT, CREATED AND RUN BY ROB MERMIN, IS A MIME- BASED MOVEMENT THERAPY PROGRAM BASED ON MOTOR-SKILLS ADAPTED FROM THE TECHNIQUES OF PANTOMIME AND CIRCUS TO MODIFY OR ALLEVIATE SYMPTOMS OF IDIOPATHIC PARKINSONS DISEASE.
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