Civic Intelligence

Howard Brain Sciences Foundation

990EZ • Fiscal year 2021 • EIN 46-5727582

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

460 Rochambeau AveProvidence, RI 02906

(401) 808-6256

Siviq Scores

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

Liabilities / Assets

98th percentile

3.20x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.72x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

57th percentile

13%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

16th percentile

-26%

Faster asset growth than 16% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-68%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$19,783

Down $6,804 (-26%) from 2020

Net Assets

Up

-$43,506

Up $11,723 (+21%) from 2020

Liabilities

Down

$63,289

Down $18,527 (-23%) from 2020

Revenue

Down

$87,834

Down $183,809 (-68%) from 2020

Expenses

Down

$76,111

Down $226,562 (-75%) from 2020

Net Income

Up

$11,723

Up $42,753 (+138%) from 2020

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2018: $9,295Liabilities 2018: $13,389Net Assets 2018: -$4,0942018Assets 2019: $11,756Liabilities 2019: $35,955Net Assets 2019: -$24,1992019Assets 2020: $26,587Liabilities 2020: $81,816Net Assets 2020: -$55,2292020Assets 2021: $19,783Liabilities 2021: $63,289Net Assets 2021: -$43,5062021Assets 2022: $630Liabilities 2022: $40,261Net Assets 2022: -$39,6312022

Highlighted filing

2021

Assets$19,783
Liabilities$63,289
Net Assets-$43,506

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2018: $253,133Expenses 2018: $251,678Net Income 2018: $1,4552018Revenue 2019: $870,537Expenses 2019: $890,642Net Income 2019: -$20,1052019Revenue 2020: $271,643Expenses 2020: $302,673Net Income 2020: -$31,0302020Revenue 2021: $87,834Expenses 2021: $76,111Net Income 2021: $11,7232021Revenue 2022: $38,501Expenses 2022: $34,626Net Income 2022: $3,8752022

Highlighted filing

2021

Revenue$87,834
Expenses$76,111
Net Income$11,723
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$87,834
Mission and Program Overview

Mission

Innovative research initiatives that improve our understanding of the human brain, and advance diagnosis and treatment of neurological conditions.

Program Services

DescriptionGrantsExpenses
Georgetown Sponsored Grant - The foundation has awarded Georgetown University the grant award entitled "Improving Tomorrow's Healthcare" a program dedicated to improving research to advance our understanding of the brain and mind to develop novel solutions for detection and treatment of neurological disorders.-$76,111
The fellowship program highlights and awards individuals who are making advancements in their fields, and whose work relates to advancing our understanding of the brain.--
The foundation participates in patient and refugee advocacy--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Newton HowardChairman-$0--
Richard WirtVice Chairman-$0--
John DankovchikBoard Member-$0--
Sergey KanareykinBoard Member-$0--
Seema KahnBoard Member-$0--
Rebecca HowardExecutive DirectorPT$0--
Reem HassanAss. DirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Howard Brain Sciences Foundation
EIN
46-5727582
Phone
4018086256
Address
460 Rochambeau Ave, Providence, RI 02906

Signing Officer

Name
Rebecca Howard
Title
Executive Director
Signed
2022-11-15
Discuss with paid preparer
Yes

Preparer

Firm
KatzCohen
Address
1212 Reisterstown Rd, Pikesville, MD 21208
Preparer
Jeffrey Cohen CPA
Phone
4104804900
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $1795

Other Expenses.1002

Office Expenses $2542

Other Expenses.1005

Travel $450

Other Expenses.1008

Interest $5036

Other Expenses.1009

Depreciation $700

Other Expenses.1012

Insurance $12514

Other Expenses.1

software $3749

Other Expenses.2

Dues/Membership $510

Other Expenses.3

Bank Fees $476

Other Assets.1003

Machinery and Equipment - Beginning $1750 Machinery and Equipment - Ending $1050

Other Assets.1

Due from Affiliate - Beginning $24278 Due from Affiliate - Ending $0

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $35653 Accounts Payable and Accrued Expenses - Ending $32676

Total Liabilities.1007

Secured Mortgages and Notes Payable - Beginning $28863 Secured Mortgages and Notes Payable - Ending $27613

Total Liabilities.1

PPP Loan - Beginning $17300 PPP Loan - Ending $0

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ReturnHeader/Filer/PhoneNum04018086256
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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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