Civic Intelligence

Central Illinois Neuroscience Foundation

990 • Fiscal year 2017 • EIN 37-1354410

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

1015 S Mercer AvenueBloomington, IL 61701

(309) 663-1522

Siviq Scores

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

Liabilities / Assets

70th percentile

0.29x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

8.92x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

21st percentile

-9.2%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

60th percentile

$82,063

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 63.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

19th percentile

-5.0%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-60%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,033,587

Down $212,742 (-5.0%) from 2016

Net Assets

Down

$2,872,214

Down $30,798 (-1.1%) from 2016

Liabilities

Down

$1,161,373

Down $181,944 (-14%) from 2016

Revenue

Down

$130,180

Down $196,839 (-60%) from 2016

Expenses

Down

$142,177

Down $80,123 (-36%) from 2016

Net Income

Down

-$11,997

Down $116,716 (-111%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $4,246,329Liabilities 2016: $1,343,317Net Assets 2016: $2,903,0122016Assets 2017: $4,033,587Liabilities 2017: $1,161,373Net Assets 2017: $2,872,2142017Assets 2018: $3,661,846Liabilities 2018: $969,672Net Assets 2018: $2,692,1742018Assets 2019: $29,442Liabilities 2019: $0Net Assets 2019: $29,4422019

Highlighted filing

2017

Assets$4,033,587
Liabilities$1,161,373
Net Assets$2,872,214

Operations Trend

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

$1.0M$0-$1.0M-$2.0M-$3.0MRevenue 2016: $327,019Expenses 2016: $222,300Net Income 2016: $104,7192016Revenue 2017: $130,180Expenses 2017: $142,177Net Income 2017: -$11,9972017Revenue 2018: -$57,189Expenses 2018: $122,851Net Income 2018: -$180,0402018Revenue 2019: -$2,603,385Expenses 2019: $59,347Net Income 2019: -$2,662,7322019

Highlighted filing

2017

Revenue$130,180
Expenses$142,177
Net Income-$11,997
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$610,318
Mission and Program Overview

Mission

To further the education of healthcare providers in the neurosiences, provide community education with an emphasis on public awareness of neurological disorders, and support and conduct clinical and pre-clinical research in the neurosciences.

To further the education of healthcare providers in the neurosciences, provide community education with an emphasis on public awareness of neurological disorders, and support and conduct clinical and pre-clinical research in the neurosciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,801,025$3,658,153▼ $142,872
Investments Other Securities$382,062$351,277▼ $30,785
Cash and Non-Interest-Bearing Accounts$63,242$24,157▼ $39,085
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,246,329$4,033,587▼ $212,742
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,343,317$1,161,373▼ $181,944
Total Liabilities$1,343,317$1,161,373▼ $181,944
Net Assets / Fund Balance
Unrestricted Net Assets$2,894,779$2,863,981▼ $30,798
Temporarily Rstr Net Assets$8,233$8,233→ $0
Total Net Assets Fund Balance$2,903,012$2,872,214▼ $30,798
Total Liabilities and Net Assets / Fund Balance$4,246,329$4,033,587▼ $212,742

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,045,144$2,475,476$5,520,620
Land$549,000-$549,000
Equipment$-5,073$118,391$113,318
Leasehold Improvements$68,910$6,128$75,038
Other Land Buildings$172$32,942$33,114
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer TroyanovichExecutive DirectorFT$82,063$82,063

Board Members and Trustees

NameTitle
Ann StroinkDirector
Craig GattoDirector
David WochnerDirector
Emilio NardoneDirector
Karen NicholsDirector
Keith KattnerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$3,179
Investment Income
$25,884
Other Revenue
$101,017
All Other Contributions
$100
Change in Net Assets
$-11,997

Audited Revenue Reconciliation

Revenue per Audited Statements
$130,180
Revenue Not Reported on Form 990
$396,116
Total Revenue per Audited Statements
$526,296
Total Revenue per Form 990
$130,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$99,349
Other Expenses$42,828
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$55,356$26,707-$82,063
Fees for Services Other$2,125$10,192-$12,317
Payroll Taxes$6,426$2,690-$9,116
Other Employee Benefits$3,832$1,876-$5,708
Insurance-$5,110-$5,110
Fees for Service Investment Mgmnt Fees-$4,701-$4,701
All Other Expenses$1,906$1,835-$3,741
Pension Plan Contributions$1,606$856-$2,462
Travel$1,782--$1,782
Other Expenses$1,639$458-$1,639
Office Expenses$348$279-$627
Total Functional Expenses$87,473$54,704$0$142,177

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$538,293
Expenses Not Reported on Form 990$396,116
Expenses per Audited Statements$142,177
Total Expenses per Form 990$142,177
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Director OwnedLease of BuildingNo$450,735
-Employe Family OwnedConstruction ServiceNo$21,081

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
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
Yes
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 2: Description of Business or Family Relationship of Officers, Directors, Et

Board members ann stroink and emilio nardone are co-owners of central illinois neuro health sciences ltd, a business which leases a building from central illinois neuroscience foundation.

Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

There are no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B: Form 990 Review Process

The form 990 is distributed to the board of directors for review. The board of directors are given a two week review period for any questions or concerns to be addressed. Once all questions and concerns are addressed and the form 990 is approved by the board of directors it is filed.

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

Board members and officers annually complete conflict of interest disclosure statements.

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

The board of directors reviews compensation data for similarly qualified executive directors in other non-profit organizations. The board uses this data to assist in determining the executive director's compensentation which it approves.

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

Available upon request at the office of the organization.

Filing and Contact Details

Filer

Filer Name
Central Illinois Neuroscience Foundation
EIN
37-1354410
Phone
3096631522
Address
1015 S MERCER AVENUE, BLOOMINGTON, IL 61701

Signing Officer

Name
Jennifer Troyanovich
Title
Executive Director
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
4
Employees
2

Preparer

Firm
Sulaski and Webb Cpas
Address
207 W Jefferson Ste 203, Bloomington, IL 61701
Preparer
Mary Ann Webb
Phone
3098286071
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Net rental expenses $396116

Part XII, Line 2D: Other expenses and losses per audited F/S

Net rental expenses $396116

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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0856
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01606
IRS990/PensionPlanContributionsGrp/TotalAmt02462
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03179
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03179
IRS990/ProgSrvcAccomActy2Grp/Desc0SUPPORTING AND CONDUCTING PRE-CLINICAL AND CLINCICAL RESEARCH IN THE NEUROSCIENCES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024032
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0100
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011514
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt048271
IRS990/PYOtherRevenueAmt0309347
IRS990/PYProgramServiceRevenueAmt06058
IRS990/PYRevenuesLessExpensesAmt0104719
IRS990/PYSalariesCompEmpBnftPaidAmt0174029
IRS990/PYTotalExpensesAmt0222300
IRS990/PYTotalRevenueAmt0327019
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-11997
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0101012
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt06160
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01525
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt08485
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt025884
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt016427
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt019426
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt034359
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0107610
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0104191
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0315400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0326767
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0300483
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0465447
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01512288
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt025884
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt016427
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt019426
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt034359
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0107610
IRS990ScheduleA/InvestmentIncomeCYPct00.06610
IRS990ScheduleA/InvestmentIncomePYPct00.04820
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt05
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93390
IRS990ScheduleA/PublicSupportPY509Pct00.95180
IRS990ScheduleA/PublicSupportTotal509Amt01520773
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0104291
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0315500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0327367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0306643
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0466972
IRS990ScheduleA/Total509Grp/TotalAmt01520773
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0130180
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0327019
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0343794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0326069
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0501331
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01628393
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03045144
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02475476
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05520620
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-5073
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118391
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113318
IRS990ScheduleD/ExpensesNotReportedAmt0396116
IRS990ScheduleD/ExpensesSubtotalAmt0142177
IRS990ScheduleD/LandGrp/BookValueAmt0549000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0549000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt068910
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06128
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt075038
IRS990ScheduleD/OtherExpensesIncludedAmt0396116
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0172
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt032942
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033114
IRS990ScheduleD/OtherRevenueAmt0396116
IRS990ScheduleD/RevenueNotReportedAmt0396116
IRS990ScheduleD/RevenueSubtotalAmt0130180
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NET RENTAL EXPENSES $396116
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NET RENTAL EXPENSES $396116
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03658153
IRS990ScheduleD/TotalBookValueSecuritiesAmt0351277
IRS990ScheduleD/TotalExpensesPerForm990Amt0142177
IRS990ScheduleD/TotalRevenuePerForm990Amt0130180
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0526296
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0538293
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CINHS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CAMPBELL CONSTRUCTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR OWNED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1EMPLOYE FAMILY OWNED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0450735
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt121081
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASE OF BUILDING
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1CONSTRUCTION SERVICE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ANN STROINK AND EMILIO NARDONE ARE CO-OWNERS OF CENTRAL ILLINOIS NEURO HEALTH SCIENCES LTD, A BUSINESS WHICH LEASES A BUILDING FROM CENTRAL ILLINOIS NEUROSCIENCE FOUNDATION.

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