Civic Intelligence

Synapse Human Performance Centers Inc.

990 • Fiscal year 2023 • EIN 84-2933777

Sep 01, 2022 to Aug 31, 2023 • Filed on Jul 15, 2024

2540 Walnut Hill LnDallas, TX 75229

(972) 438-6932

Siviq Scores

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

Liabilities / Assets

99th percentile

20.43x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

46.00x

Higher debt load relative to revenue than 100% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-1572%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

100th percentile

$625,738

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 689.7% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$204,272

No earlier filing loaded for comparison.

Net Assets

-$3,968,753

No earlier filing loaded for comparison.

Liabilities

$4,173,025

No earlier filing loaded for comparison.

Revenue

$90,721

No earlier filing loaded for comparison.

Expenses

$1,516,555

No earlier filing loaded for comparison.

Net Income

-$1,425,834

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0M-$10MAssets 2023: $204,272Liabilities 2023: $4,173,025Net Assets 2023: -$3,968,7532023Assets 2024: $412,567Liabilities 2024: $6,633,472Net Assets 2024: -$6,220,9052024

Highlighted filing

2023

Assets$204,272
Liabilities$4,173,025
Net Assets-$3,968,753

Operations Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2023: $90,721Expenses 2023: $1,516,555Net Income 2023: -$1,425,8342023Revenue 2024: $306,713Expenses 2024: $2,558,865Net Income 2024: -$2,252,1522024

Highlighted filing

2023

Revenue$90,721
Expenses$1,516,555
Net Income-$1,425,834
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Jul 15, 2024
Return Version
2022v5.0
Gross Receipts
$90,721
Mission and Program Overview

Mission

The mission of synapse dba parker performance institute is to empower our clients to reach their full performance potential through transformative and innovative therapeutic programs that integrate state-of-the-art musculoskeletal and neurological treatments. Beyond the goal of healing injuries, our intent is to accelerate recovery, improve function, and boost performance.

The main purpose of Synapse Human Performance Centers is to be a revolutionary force in the health and wellness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$174,890$203,186▲ $28,296
Prepaid Expenses and Deferred Charges$23,346$0▼ $23,346
Accounts Receivable$17,281$1,086▼ $16,195
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$215,517$204,272▼ $11,245
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$2,758,436$4,173,025▲ $1,414,589
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,758,436$4,173,025▲ $1,414,589
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,542,919$-3,968,753▼ $1,425,834
Total Net Assets Fund Balance$-2,542,919$-3,968,753▼ $1,425,834
Total Liabilities and Net Assets / Fund Balance$215,517$204,272▼ $11,245
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Celia P Maguire DCAssistant Secretary--$147,221$147,221
Paul C Harris MDChairman of the BoardFT$118,000-$118,000

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Parker Universitymgmt/admin services2540 Walnut Hill Lane, Dallas, TX 75229$786,421
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$90,346
Investment Income
$0
Other Revenue
$375
Change in Net Assets
$-1,425,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,172,717
Salaries, Compensation, and Employee Benefits$343,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$280,003$70,001-$350,004
Fees for Services Other$238,455$25,400-$263,855
Other Salaries and Wages$166,154$41,538-$207,692
Occupancy$166,013$41,503-$207,516
Fees for Services Management$147,686$36,922-$184,608
Current Officers, Directors, Trustees, and Key Employees$118,000--$118,000
Insurance$59,914$14,978-$74,892
Other Expenses$56,938--$56,938
Information Technology$26,570$6,642-$33,212
Payroll Taxes$8,117$2,029-$10,146
Pension Plan Contributions$6,400$1,600-$8,000
Travel$1,123$282-$1,405
Office Expenses$230$57-$287
Total Functional Expenses$1,275,603$240,952$0$1,516,555
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$4,173,025
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Delegation of Management Duties: The organization has a management services agreement with Parker University, a related organization. In accordance with the management services agreement, Parker provides day-to-day assistance with operations management, administrative tasks, preparation of budgets, staffing plans, recruitment of personnel and other duties. Parker also provides marketing services and clinical personnel and equipment under this agreement. As Parker University is a related organization, the names and compensation of the individuals managing Synapse under this agreement are reported on Part VII.

Form 990, Part VI, Section A, Line 6

Members: Parker University is the sole member of the organization.

Form 990, Part VI, Section A, Line 7A

Power to appointment members of the governing body: Parker University, the sole member, has the power to appoint, elect and remove the directors of the Synapse board of directors.

Form 990, Part VI, Section A, Line 7B

Governing decisions reserved for the member: As the sole member of the organization, Parker University has the power to do any of the following: (a) adoption of and approval of any alteration, amendment or repeal of the Certificate of Formation; (b) adoption of and approval of any alteration, amendment or repeal of these bylaws, subject to the approval of a majority of the Board of Directors; (c) creating or investing in any subsidiary entity; (d) establishing annual operating and capital budgets of the Corporation; (e) approval of any expenditure, or agreement leading to an expenditure, not included within an annual operating or capital budget; (f) purchase or acquisition of any real, personal, or mixed property not included within an amount designated in any operating or capital bud get; (g) any sale, gift, lease, mortgage or other transfer or encumbrance of any real, personal or mixed property of the Corporation; (h) the merger, acquisition, consolidation, liquidation or dissolution of the Corporation or any amendment, change, modification or supplement to, or waiver of, any merger, acquisition, consolidation, liquidation, or dissolution; (i) borrowing or lending of money or the creation of indebtedness through the guaranty of another's debt or similar action; (j) any granting or seeking of grants or funds to or from any person; (k) commencement, disposition, termination or settlement of claims or litigation, or of any claim or threat of litigation, not fully reimbursed by third-party insurance; (l) appointment and removal of the officers of the Corporation, other than the Chairman and the Vice Chairman (if any) of the Board who shall be appointed and removed by the Board, and any changes in their duties or responsibilities; (m) creation, ownership or acquisition of, or affiliation with, any other organization; (n) adoption or implementation of any strategic, business, or mission plan of the Corporation; (o) the execution of any contract or agreement enforceable against the Corporation, whether or not written, including employment contract, any contract to obtain services from independent contractors, or any contract under which the Corporation shall provide any services; (p) the change in the Corporation's fiscal year; and (q) any other matters with respect to the financial or business operations of the Corporation which are not inconsistent with the Texas Medical Practice Act, the Rules, the Amended and Restated Certificate of Formation, Section 501(c)(3) of the Code or these bylaws. Medical Practice Act, the Rules, the Amended and Restated Certificate of Formation, Section 501(c)(3) of the Code or these bylaws.

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

Process for Board Review of Form 990: The form 990 is reviewed by the Synapse Board of Directors prior to filing. a complete copy is provided to all Board members with adequate time for review.

Form 990, Part VI, Section B, Line 12C

MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: There is a conflict of interest policy and annually the Board members sign a statement that affirms that each person has received a copy of the policy, has read and understands the policy, and agrees to comply with the policy. WHEN A CONFLICT OF INTEREST ARISES, THE POLICY DICTATES THAT THE INTERESTED BOARD MEMBER HAS TO LEAVE THE ROOM DURING VOTING AND MUST ABSTAIN FROM THE MATTER CAUSING THE CONFLICT.

Form 990, Part VI, Section B, Line 15A

REVIEW OF OFFICER COMPENSATION: The compensation of the top management official and other officers is reviewed during the annual budget process. Parker University's compensation committee conducts an annual review documented in the meeting minutes reviewing independent consultant and comparability data to determine officer compensation.

Form 990, Part VI, Section C, Line 19

Availability of documents: the organization's governing documents, conflict of interest policy, and financial statements are made available to the public during the tax year.

Filing and Contact Details

Filer

Filer Name
Synapse Human Performance Centers Inc
EIN
84-2933777
In Care Of
% JEANNE REESE
Phone
9724386932
Address
2540 Walnut Hill Ln, Dallas, TX 75229
Doing Business As
Parker Performance Institute

Signing Officer

Name
Jeanne Reese
Title
CFO
Phone
9727028262
Signed
2024-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jayne Moschella Dc
Formed
2019
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
2
Employees
10
Volunteers
2

Preparer

Firm
Forvis Mazars LLP
Address
14241 DALLAS PARKWAY SUITE 1100, DALLAS, TX 75254
Preparer
Noelle Alberto
Phone
9727028262
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 2A

Number of employees: the sole member, parker university, is the common paymaster and issues all w-2s of the organization. However, salaries expenses are allocated to the organization on the functional expense schedule, so we have reported an amount on part v, line 2a.

Form 990 Part IX Line 11G

Description:physician services total fees:263855

Financial Statement Notes

Schedule D, Part X, Line 2

Asc 740 footnote: the university and its consolidated entities are exempt from federal income taxes except to the extent they have unrelated business income. In addition, there were no uncertain income tax positions during the reporting periods. Accordingly, no tax liability or tax benefit is required under asc 740, income taxes.

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IRS990/MissionDesc0The mission of Synapse dba Parker Performance Institute is to empower our clients to reach their full performance potential through transformative and innovative therapeutic programs that integrate state-of-the-art musculoskeletal and neurological treatments. Beyond the goal of healing injuries, our intent is to accelerate recovery, improve function, and boost performance.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 FOOTNOTE: THE UNIVERSITY AND ITS CONSOLIDATED ENTITIES ARE EXEMPT FROM FEDERAL INCOME TAXES EXCEPT TO THE EXTENT THEY HAVE UNRELATED BUSINESS INCOME. IN ADDITION, THERE WERE NO UNCERTAIN INCOME TAX POSITIONS DURING THE REPORTING PERIODS. ACCORDINGLY, NO TAX LIABILITY OR TAX BENEFIT IS REQUIRED UNDER ASC 740, INCOME TAXES.
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