Civic Intelligence

The Brain Foundation Inc

990 • Fiscal year 2020 • EIN 35-2206645

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 18, 2020

Organization ProfileWWW.BRAIN-FOUNDATION.ORG
14735 Jarnigan StCenterville, VA 20120

(703) 477-7920

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

7.99x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

39th percentile

2.0%

Faster asset growth than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$3,225,095

Up $63,065 (+2.0%) from 2019

Net Assets

Up

$178,540

Up $104,447 (+141%) from 2019

Liabilities

Down

$3,046,555

Down $41,382 (-1.3%) from 2019

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin79th percentile

Revenue

Up

$381,525

Up $126,079 (+49%) from 2019

Expenses

Down

$277,083

Down $8,989 (-3.1%) from 2019

Net Income

Up

$104,442

Up $135,068 (+441%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,237,214Liabilities 2011: $1,934,292Net Assets 2011: $302,9222011Assets 2012: $2,238,834Liabilities 2012: $1,354,207Net Assets 2012: $884,6272012Assets 2013: $2,535,138Liabilities 2013: $1,322,859Net Assets 2013: $1,212,2792013Assets 2014: $1,389,786Liabilities 2014: $1,197,228Net Assets 2014: $192,5582014Assets 2015: $1,380,938Liabilities 2015: $1,170,628Net Assets 2015: $210,3102015Assets 2016: $2,249,158Liabilities 2016: $2,113,688Net Assets 2016: $135,4702016Assets 2017: $3,324,374Liabilities 2017: $3,176,863Net Assets 2017: $147,5112017Assets 2018: $3,246,175Liabilities 2018: $3,141,456Net Assets 2018: $104,7192018Assets 2019: $3,162,030Liabilities 2019: $3,087,937Net Assets 2019: $74,0932019Assets 2020: $3,225,095Liabilities 2020: $3,046,555Net Assets 2020: $178,5402020Assets 2021: $3,174,740Liabilities 2021: $2,994,726Net Assets 2021: $180,0142021Assets 2022: $3,088,517Liabilities 2022: $2,944,846Net Assets 2022: $143,6712022Assets 2023: $3,027,875Liabilities 2023: $2,888,876Net Assets 2023: $138,9992023Assets 2024: $2,961,739Liabilities 2024: $2,827,526Net Assets 2024: $134,2132024

Highlighted filing

2020

Assets$3,225,095
Liabilities$3,046,555
Net Assets$178,540
Open 2020 Filing

Operations Trend

Revenue Growth87th percentile

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

$400K$200K$0-$200KExpenses 2011: $162,9422011Expenses 2012: $201,5752012Expenses 2013: $208,6722013Revenue 2014: $213,042Expenses 2014: $177,951Net Income 2014: $35,0912014Revenue 2015: $234,985Expenses 2015: $226,507Net Income 2015: $8,4782015Revenue 2016: $251,570Expenses 2016: $258,767Net Income 2016: -$7,1972016Revenue 2017: $367,305Expenses 2017: $299,172Net Income 2017: $68,1332017Revenue 2018: $238,807Expenses 2018: $281,599Net Income 2018: -$42,7922018Revenue 2019: $255,446Expenses 2019: $286,072Net Income 2019: -$30,6262019Revenue 2020: $381,525Expenses 2020: $277,083Net Income 2020: $104,4422020Revenue 2021: $275,565Expenses 2021: $274,091Net Income 2021: $1,4742021Revenue 2022: $251,070Expenses 2022: $287,413Net Income 2022: -$36,3432022Revenue 2023: $275,882Expenses 2023: $278,189Net Income 2023: -$2,3072023Revenue 2024: $273,347Expenses 2024: $278,133Net Income 2024: -$4,7862024

Highlighted filing

2020

Revenue$381,525
Expenses$277,083
Net Income$104,442
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 18, 2020
Return Version
2019v5.0
Gross Receipts
$381,525
Mission and Program Overview

Mission

The Brain Foundations mission is to provide affordable housing for those suffering from serious and persistent brain diseases, such as schizophrenia and bi-polar disorders, and who are homeless or vulnerable to becoming homeless.

The mission of the organization is to provide affordable housing for those suffering from serious brain diseases, such as schizophrenia and bi-polar disorders, who are homeless or vulnerable to becoming homeless. The vision for the organization is community based housing for the brain injured and diseased across the country and intend that the lessons learned and accomplishments of the organizations efforts will serve as a model to achieve the vision

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,838,306$2,737,857▼ $100,449
Cash and Non-Interest-Bearing Accounts$252,504$401,944▲ $149,440
Accounts Receivable$1,011$9,965▲ $8,954
Prepaid Expenses and Deferred Charges$3,171$3,629▲ $458
Total Assets$3,162,025$3,225,095▲ $63,070
Other Assets Total$67,033$71,700▲ $4,667
Liabilities
Unsecured Notes Loans Payable$3,061,987$3,016,379▼ $45,608
Other Liabilities$20,670$24,462▲ $3,792
Accounts Payable and Accrued Expenses$5,270$5,714▲ $444
Total Liabilities$3,087,927$3,046,555▼ $41,372
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$74,098$178,540▲ $104,442
Total Net Assets Fund Balance$74,098$178,540▲ $104,442
Total Liabilities and Net Assets / Fund Balance$3,162,025$3,225,095▲ $63,070

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,826,382$936,109$2,762,491
Land$911,475-$911,475
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Dallison R VeachPresident
Trudy HarshPresident Em
David HuntDirector
Dotti MckeeDirector
Gloria KozichDirector
Helen ApplebeeDirector
John NicholasDirector
Lorraine AroraDirector
Norma AndersonDirector
Zina SantosDirector
James YoungSecretary
James MccannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$228,310
Program Service Revenue
$120,191
Investment Income
$1,763
Other Revenue
$31,261
Change in Net Assets
$104,442

Audited Revenue Reconciliation

Revenue per Audited Statements
$381,525
Total Revenue per Audited Statements
$381,525
Total Revenue per Form 990
$381,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$100,449--$100,449
Interest$59,509--$59,509
Other Expenses$10,336--$10,336
All Other Expenses$2,424$7,700-$10,124
Insurance$5,940--$5,940
Office Expenses-$947-$947
Conferences and Meetings-$40-$40
Total Functional Expenses$268,396$8,687$0$277,083

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$277,083
Total Expenses per Audited Statements$277,083
Total Expenses per Form 990$277,083
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Real Estate Tax Payable$8,049
Tenant Security Deposit$6,732
Accrued Interest Expense$4,869
Prepaid Rental Income$4,812
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

“Reviewed in board meeting.”

Form 990, Page 6, Part VI, Line 12C

“REVIEWED BY THE BOARD.”

Form 990, Page 6, Part VI, Line 18

“AVAILABLE UPON REQUEST”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
The Brain Foundation Inc
EIN
35-2206645
Phone
7034777920
Address
14735 JARNIGAN ST, CENTERVILLE, VA 20120

Signing Officer

Name
James Mccann
Title
Treasurer
Phone
7034777920
Signed
2020-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Mccann
Formed
2003
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Ad&a Cpas LLC
Address
3100 CLARENDON BLVD SUITE 200, ARLINGTON, VA 22201
Preparer
Amit Dhawan
Phone
7035177899
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the organization is to provide affordable housing for those suffering from serious brain diseases, such as schizophrenia and bi-polar disorders, who are homeless or vulnerable to becoming homeless. The vision for the organization is community based housing for the brain injured and diseased across the country and intend that the lessons learned and accomplishments of the organizations efforts will serve as a model to achieve the vision”

Form 990, Page 5, Part V, Line 3B

“NOT APPLICABLE”

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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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0936109
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING FOR THOSE SUFFERING FROM SERIOUS BRAIN DISEASES, SUCH AS SCHIZOPHRENIA AND BI-POLAR DISORDERS, WHO ARE HOMELESS OR VULNERABLE TO BECOMING HOMELESS. THE VISION FOR THE ORGANIZATION IS COMMUNITY BASED HOUSING FOR THE BRAIN INJURED AND DISEASED ACROSS THE COUNTRY AND INTEND THAT THE LESSONS LEARNED AND ACCOMPLISHMENTS OF THE ORGANIZATIONS EFFORTS WILL SERVE AS A MODEL TO ACHIEVE THE VISION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED IN BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES MCCANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,225,095
Liabilities
$3,046,555
Net assets
$178,540
Revenue
$381,525
Expenses
$277,083
Net income
$104,442
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.96$2.83$0.13$0.27$0.28$0.00
2023Detailed filing. Detailed filing data is available for this year.$3.03$2.89$0.14$0.28$0.28$0.00
2022Detailed filing. Detailed filing data is available for this year.$3.09$2.94$0.14$0.25$0.29$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.17$2.99$0.18$0.28$0.27$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.23$3.05$0.18$0.38$0.28$0.10
2019Detailed filing. Detailed filing data is available for this year.$3.16$3.09$0.07$0.26$0.29$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.25$3.14$0.10$0.24$0.28$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.32$3.18$0.15$0.37$0.30$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.25$2.11$0.14$0.25$0.26$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.38$1.17$0.21$0.23$0.23$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.39$1.20$0.19$0.21$0.18$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$1.32$1.21$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.35$0.88$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.93$0.30$0.16