Civic Intelligence

David Mahoney Institute for Brain

EIN 75-3072872 • 501(c)3 • Palm Beach, FL

Profile

Information re Brain Research and Disorders

1296 S Ocean BlvdPalm Beach, FL 33480
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$0

Down $1,403 (-100%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$0

Down $1,403 (-100%) from 2022

Operations

Revenue

Flat

$0

Flat from 2022

Expenses

Down

$1,403

Down $6,097 (-81%) from 2022

Net Income

Up

-$1,403

Up $6,097 (+81%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10K$5.0K$0Assets 2021: $8,903Liabilities 2021: $0Net Assets 2021: $8,9032021Assets 2022: $1,403Liabilities 2022: $0Net Assets 2022: $1,4032022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2021: $0Expenses 2021: $22,508Net Income 2021: -$22,5082021Revenue 2022: $0Expenses 2022: $7,500Net Income 2022: -$7,5002022Revenue 2023: $0Expenses 2023: $1,403Net Income 2023: -$1,4032023

Highlighted filing

2023

Revenue$0
Expenses$1,403
Net Income-$1,403

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 12, 2024
Return Version
2023v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Information re Brain Research and Disorders

Program Services

DescriptionGrantsExpenses
No support given in 2023. The Corporation was dissolved. Bank Account closed and proceeds disbursed to Chairman Hildegarde Mahoney for charitable contribution of her choice.$0$1,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hildegarde E MahoneyDir/Chair/Pres-$0--
Joseph MartinDir/VP-$0--
Guy McKhannDir/VP-$0--
Gerald FischbachDirector-$0--
Robert BarchiDirector-$0--
Francis HarperDir/VP-$0--
Virginia DaCunhaSec/Treas-$0--
Filing and Contact Details

Filer

Filer Name
David Mahoney Institute for Brain
EIN
75-3072872
Phone
5618326485
Address
1296 S OCEAN BLVD, PALM BEACH, FL 33480

Signing Officer

Name
Hildegarde Mahoney
Title
Chairman
Phone
5618326485
Signed
2024-06-12
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

The Corporation's assets have been almost completely distributed in accordance with the Corporation's charitable purposes, and the Corporation will not be receiving any additional contributions in the future. Therefore, the Board of Directors of the Corporation has unanimously elected to dissolve the Corporation. In connection therewith, the Board has determined to contribute its remaining assets to Hildegarde E Mahoney, Chairman, to be used for charitable purposes. There are no restrictions on the use of assets that may be contributed to Recipient. Proceeds from the Institute's closed checking account were distributed to the Chairman of the Institute to donate to a charity of her choosing.

Raw XML Appendix226 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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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt02d The Corporation's assets have been almost completely distributed in accordance with the Corporation's charitable purposes, and the Corporation will not be receiving any additional contributions in the future. Therefore, the Board of Directors of the Corporation has unanimously elected to dissolve the Corporation. In connection therewith, the Board has determined to contribute its remaining assets to Hildegarde E Mahoney, Chairman, to be used for charitable purposes. There are no restrictions on the use of assets that may be contributed to Recipient. Proceeds from the Institute's closed checking account were distributed to the Chairman of the Institute to donate to a charity of her choosing.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Corporation's assets have been almost completely distributed in accordance with the Corporation's charitable purposes, and the Corporation will not be receiving any additional contributions in the future. Therefore, the Board of Directors of the Corporation has unanimously elected to dissolve the Corporation. In connection therewith, the Board has determined to contribute its remaining assets to Hildegarde E Mahoney, Chairman, to be used for charitable purposes. There are no restrictions on the use of assets that may be contributed to Recipient. Proceeds from the Institute's closed checking account were distributed to the Chairman of the Institute to donate to a charity of her choosing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0Ed Rover, our attorney who also served as the Institute Treasurer and Secretary used to handle all business and tax forms for the Institute. He became ill and unable to do the work and did NOT, or COULD NOT, inform us of his worsening health. We were unaware that returns had not been filed until notified by IRS. We have been struggling to figure out what needs to be done, how to do it, had a problem with electronic filing, and therefore we are filing late tax returns.
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ReturnHeader/ReturnTs02024-06-12T15:46:45-07:00
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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