Civic Intelligence

The Institute for Brain and Society

990 • Fiscal year 2017 • EIN 46-2049025

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 18, 2018

Organization ProfileTHEBRAINOBSERVATORY.ORG
2159 India St Ste 200San Diego, CA 92101

(858) 434-1101

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

98th percentile

$100,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 46.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

22nd percentile

-18%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

57th percentile

6.0%

Faster revenue growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$408,133

Down $90,252 (-18%) from 2016

Net Assets

Down

$388,790

Down $89,536 (-19%) from 2016

Liabilities

Down

$19,343

Down $716 (-3.6%) from 2016

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin9th percentile

Revenue

Up

$214,873

Up $12,124 (+6.0%) from 2016

Expenses

Up

$304,409

Up $69,849 (+30%) from 2016

Net Income

Down

-$89,536

Down $57,725 (-181%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$600K$400K$200K$0Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $29,990Liabilities 2014: $10,000Net Assets 2014: $19,9902014Assets 2015: $521,509Liabilities 2015: $11,372Net Assets 2015: $510,1372015Assets 2016: $498,385Liabilities 2016: $20,059Net Assets 2016: $478,3262016Assets 2017: $408,133Liabilities 2017: $19,343Net Assets 2017: $388,7902017Assets 2018: $364,508Liabilities 2018: $20,215Net Assets 2018: $344,2932018Assets 2021: $204,853Liabilities 2021: $13,112Net Assets 2021: $191,7412021Assets 2023: $176,453Liabilities 2023: $30,060Net Assets 2023: $146,3932023Assets 2024: $188,400Liabilities 2024: $32,724Net Assets 2024: $155,6762024

Highlighted filing

2017

Assets$408,133
Liabilities$19,343
Net Assets$388,790
Open 2017 Filing

Operations Trend

Revenue Growth57th percentile

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

$600K$400K$200K$0-$200KRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $54,689Expenses 2014: $34,699Net Income 2014: $19,9902014Revenue 2015: $580,005Expenses 2015: $89,858Net Income 2015: $490,1472015Revenue 2016: $202,749Expenses 2016: $234,560Net Income 2016: -$31,8112016Revenue 2017: $214,873Expenses 2017: $304,409Net Income 2017: -$89,5362017Revenue 2018: $2,002Expenses 2018: $46,499Net Income 2018: -$44,4972018Revenue 2021: $51,575Expenses 2021: $169,870Net Income 2021: -$118,2952021Revenue 2023: $101,520Expenses 2023: $164,902Net Income 2023: -$63,3822023Revenue 2024: $143,110Expenses 2024: $133,827Net Income 2024: $9,2832024

Highlighted filing

2017

Revenue$214,873
Expenses$304,409
Net Income-$89,536
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 18, 2018
Return Version
2017v2.3
Gross Receipts
$214,873
Mission and Program Overview

Mission

Fostering mental health and longevity through improved knowledge and awareness of the brain.

Support research, education, and art to foster mental health in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,188$67,747▲ $64,559
Accounts Receivable$58,042$0▼ $58,042
Cash and Non-Interest-Bearing Accounts$115,298$18,227▼ $97,071
Prepaid Expenses and Deferred Charges$301$603▲ $302
Total Assets$498,385$408,133▼ $90,252
Other Assets Total$321,556$321,556→ $0
Liabilities
Accounts Payable and Accrued Expenses$20,059$19,343▼ $716
Total Liabilities$20,059$19,343▼ $716
Net Assets / Fund Balance
Unrestricted Net Assets$478,326$388,790▼ $89,536
Total Net Assets Fund Balance$478,326$388,790▼ $89,536
Total Liabilities and Net Assets / Fund Balance$498,385$408,133▼ $90,252

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$67,747$10,023$77,770
Other Assets Org$1,556--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jacopo Annese PhdPresident CEOFT$100,000$100,000

Board Members and Trustees

NameTitle
Alexander P ButterfieldChairman
Sandy DodgeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$214,851
Program Service Revenue
$0
Investment Income
$22
Other Revenue
$0
All Other Contributions
$214,851
Change in Net Assets
$-89,536
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,475
Salaries, Compensation, and Employee Benefits$107,934
Total Fundraising Expense$12,752
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$70,000$30,000-$100,000
Fees for Services Other$36,708$9,177-$45,885
All Other Expenses$11,947$5,278$1,347$18,572
Advertising$7,330$3,665$7,330$18,325
Fees for Services Accounting-$15,547-$15,547
Depreciation Depletion$8,008$885-$8,893
Payroll Taxes$5,554$2,380-$7,934
Information Technology$5,535-$615$6,150
Other Expenses$12,762$6,048$3,263$6,048
Travel$5,109$568-$5,677
Fees for Services Legal$1,947$1,947-$3,894
Insurance-$3,693-$3,693
Occupancy$1,789$447-$2,236
Office Expenses$1,382$394$197$1,973
Total Functional Expenses$211,628$80,029$12,752$304,409
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board of directors review and approve the form 990 before it is filed.”

Form 990, Part VI, Section C, Line 19

“The organization will provide the governing documents, policies, and financial statements to any person who requests this information in writing. This information can be obtained in the form of pdf documents.”

Filing and Contact Details

Filer

Filer Name
The Brain Observatory
EIN
46-2049025
Phone
8584341101
Address
2159 INDIA ST STE 200, SAN DIEGO, CA 92101

Signing Officer

Name
Jacopo Annese Phd
Title
President/CEO
Phone
8584341101
Signed
2018-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacopo Annese Phd
Formed
2013
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
1
Volunteers
0

Preparer

Firm
Considine & Considine
Address
8989 RIO SAN DIEGO DRIVE SUITE 250, SAN DIEGO, CA 92108
Preparer
Richard Hotz
Phone
6192311977
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 36,708. Management and general expenses 9,177. Fundraising expenses 0. Total expenses 45,885.”

Financial Statement Notes

PART X, LINE 2:

“The organization follows accounting standards which clarify the accounting for uncertainty in income taxes recognized in the financial statements and prescribes a recognition threshold and measurement attribute for the financial statements and recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition and measurement of a tax position or to be taken in a tax return. The adoption of these standards did not have a material effect. As of december 31, 2017, the organization has not accrued interest or penalties related to uncertain tax positions.”

Raw XML Appendix351 raw XML fields

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/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS WHICH CLARIFY THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS AND RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION AND MEASUREMENT OF A TAX POSITION OR TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THESE STANDARDS DID NOT HAVE A MATERIAL EFFECT. AS OF DECEMBER 31, 2017, THE ORGANIZATION HAS NOT ACCRUED INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEW AND APPROVE THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WILL PROVIDE THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS TO ANY PERSON WHO REQUESTS THIS INFORMATION IN WRITING. THIS INFORMATION CAN BE OBTAINED IN THE FORM OF PDF DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTING: PROGRAM SERVICE EXPENSES 36,708. MANAGEMENT AND GENERAL EXPENSES 9,177. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,885.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
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IRS990/TotalLiabilitiesBOYAmt020059
IRS990/TotalLiabilitiesEOYAmt019343
IRS990/TotalLiabilitiesGrp/BOYAmt020059
IRS990/TotalLiabilitiesGrp/EOYAmt019343
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0478326
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0388790
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0211628
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt022
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0214873
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0498385
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0408133
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0568
IRS990/TravelGrp/ProgramServicesAmt05109
IRS990/TravelGrp/TotalAmt05677
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0478326
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0388790
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02159 INDIA ST STE 200
IRS990/USAddress/CityNm0SAN DIEGO
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IRS990/VotingMembersIndependentCnt03
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JACOPO ANNESE PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08584341101
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE BRAIN OBSERVATORY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FKA THE INSTITUTE FOR BRAIN AND SOCIETY
ReturnHeader/Filer/BusinessNameControlTxt0BRAI
ReturnHeader/Filer/EIN0462049025
ReturnHeader/Filer/PhoneNum08584341101
ReturnHeader/Filer/USAddress/AddressLine1Txt02159 INDIA ST STE 200
ReturnHeader/Filer/USAddress/CityNm0SAN DIEGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092101
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId060FA07926C46955F26EF4DA4726371876DA7B8F3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B34011BDF0C117EEBFCA85962A4AC7DAC5B042AA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.167.7.14
ReturnHeader/FilingSecurityInformation/IPDt02018-10-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:14:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0952694444
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONSIDINE & CONSIDINE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08989 RIO SAN DIEGO DRIVE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN DIEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092108
ReturnHeader/PreparerPersonGrp/PhoneNum06192311977
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD HOTZ
ReturnHeader/ReturnTs02018-11-15T17:01:09-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$408,133
Liabilities
$19,343
Net assets
$388,790
Revenue
$214,873
Expenses
$304,409
Net income
-$89,536
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.33$1.56$1.43$1.34$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.30$1.46$1.02$1.65$0.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.05$0.13$1.92$0.52$1.70$1.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$0.20$3.44$0.02$0.46$0.44
2017Detailed filing. Detailed filing data is available for this year.$4.08$0.19$3.89$2.15$3.04$0.90
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$0.20$4.78$2.03$2.35$0.32
2015Detailed filing. Detailed filing data is available for this year.$5.22$0.11$5.10$5.80$0.90$4.90
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.10$0.20$0.55$0.35$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00