Civic Intelligence

Meningitis Foundation

EIN 82-4203898 • 501(c)3 • Minneapolis, MN

Pub. 78 EligibleNTEE H80

Profile

Meningitis Foundation is established to as a scientific organization to support research into meningitis and to decrease the burden of meningitis worldwide. The organizations mission focuses on infections of global importance for which prevention or current therapies are inadequate.

3321 E Minnehaha PkwyMinneapolis, MN 55417-1432
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE H • <$500k nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE H • <$500k nonprofits • Source year 2024

Net Margin

85th percentile

71%

Higher net margin than 85% of similar nonprofits.

NTEE H • <$500k nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

NTEE H • <$500k nonprofits • Source year 2024

Asset Growth

96th percentile

578%

Faster asset growth than 96% of similar nonprofits.

NTEE H • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

79%

Faster revenue growth than 83% of similar nonprofits.

NTEE H • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$450,747

Up $384,279 (+578%) from 2023

Liabilities

Up

$0

Up $53,904 (+100%) from 2023

Net Assets

Up

$450,747

Up $330,375 (+274%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin85th percentile

Revenue

Up

$463,834

Up $204,631 (+79%) from 2023

Expenses

Down

$133,168

Down $70,132 (-34%) from 2023

Net Income

Up

$330,666

Up $274,763 (+491%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

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

$600K$400K$200K$0-$200KAssets 2023: $66,468Liabilities 2023: -$53,904Net Assets 2023: $120,3722023Assets 2024: $450,747Liabilities 2024: $0Net Assets 2024: $450,7472024

Highlighted filing

2024

Assets$450,747
Liabilities$0
Net Assets$450,747
Open 2024 Filing

Operations Trend

Revenue Growth83rd percentile

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

$600K$400K$200K$0Revenue 2023: $259,203Expenses 2023: $203,300Net Income 2023: $55,9032023Revenue 2024: $463,834Expenses 2024: $133,168Net Income 2024: $330,6662024

Highlighted filing

2024

Revenue$463,834
Expenses$133,168
Net Income$330,666
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$450,747
Liabilities
$0
Net assets
$450,747
Revenue
$463,834
Expenses
$133,168
Net income
$330,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.51$0.00$4.51$4.64$1.33$3.31
2023Detailed filing. Detailed filing data is available for this year.$0.66$0.54$1.20$2.59$2.03$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 12, 2025
Return Version
2024v5.1
Gross Receipts
$463,834
Mission and Program Overview

Mission

Meningitis Foundation is established to as a scientific organization to support research into meningitis and to decrease the burden of meningitis worldwide. The organizations mission focuses on infections of global importance for which prevention or current therapies are inadequate.

Meningitis Foundation is established to as a scientific organization to support research into meningitis and to decrease the burden of meningitis worldwide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$351,609-
Pledges and Grants Receivable-$75,015-
Savings and Temporary Cash Investments$66,468$24,123▼ $42,345
Total Assets$66,468$450,747▲ $384,279
Liabilities
Accounts Payable and Accrued Expenses$-53,904--
Total Liabilities$-53,904$0▲ $53,904
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$120,372$280,747▲ $160,375
Net Assets With Donor Restrictions-$170,000-
Total Net Assets Fund Balance$120,372$450,747▲ $330,375
Total Liabilities and Net Assets / Fund Balance$66,468$450,747▲ $384,279
Compensation and Service Providers
Top Officer Pay92nd percentile

Board Members and Trustees

NameTitle
David BoulwarePresident
David MeyaTrustee
Radha RajasinghamTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$75,035
Program Service Revenue
$387,036
Investment Income
$1,763
Other Revenue
$0
Change in Net Assets
$330,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,264
Grants and Similar Amounts Paid$56,904
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$56,904--$56,904
Other Expenses$42,500--$42,500
Conferences and Meetings$16,785--$16,785
Travel$14,216--$14,216
Information Technology$2,412--$2,412
Fees for Services Accounting-$231-$231
Office Expenses-$120-$120
Total Functional Expenses$132,817$351$0$133,168
International Activity

International Summary

Employees
1

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan Africameningitis research, care, and treatment research medical conference--1-
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Meningitis Foundation
EIN
82-4203898
Phone
6126249996
Address
3321 E Minnehaha Pkwy, Minneapolis, MN 55417-1432

Signing Officer

Name
David R Boulware
Title
President
Phone
6126249996
Signed
2025-04-12
Discuss with paid preparer
No

Organization Details

Principal Officer
David R Boulware
Formed
2018
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Program Service Expenses 14,216, Grants and allocations 0, Revenue 0 Support of 6 airline tickets for medical students and researchers to travel to Uganda to conduct meningitis research.”

Form 990, Part III, Line 4D

“Program Service Expenses 5,412, Grants and allocations 0, Revenue 0 Misc additional expenses in support of medical research for meningitis”

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