Civic Intelligence

Neurotech Institute Inc

EIN 88-2087533 • 501(c)3 • Columbus, OH

Profile

Restore human potential to individuals suffering from neurological disorders through the development of new diagnostics, treatments and medical devices.

2281 Kenny Rd Suite 248Columbus, OH 43210

n/A

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

6th percentile

0.00x

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

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

97th percentile

90%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

Down

$6,079,200

Down $1,832,245 (-23%) from 2023

Liabilities

Up

$539,129

Up $176,526 (+49%) from 2023

Net Assets

Down

$5,540,071

Down $2,008,771 (-27%) from 2023

Revenue

Up

$352,623

Up $352,623 from 2023

Expenses

Up

$2,361,394

Up $919,896 (+64%) from 2023

Net Income

Down

-$2,008,771

Down $567,273 (-39%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2022: $8,990,340Liabilities 2022: $0Net Assets 2022: $8,990,3402022Assets 2023: $7,911,445Liabilities 2023: $362,603Net Assets 2023: $7,548,8422023Assets 2024: $6,079,200Liabilities 2024: $539,129Net Assets 2024: $5,540,0712024

Highlighted filing

2024

Assets$6,079,200
Liabilities$539,129
Net Assets$5,540,071

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2022: $10,000,000Expenses 2022: $1,009,660Net Income 2022: $8,990,3402022Revenue 2023: $0Expenses 2023: $1,441,498Net Income 2023: -$1,441,4982023Revenue 2024: $352,623Expenses 2024: $2,361,394Net Income 2024: -$2,008,7712024

Highlighted filing

2024

Revenue$352,623
Expenses$2,361,394
Net Income-$2,008,771

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$352,623
Mission and Program Overview

Mission

Restore human potential to individuals suffering from neurological disorders through the development of new diagnostics, treatments and medical devices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$5,931,385-
Rtn Earn Endowment Incm Other Fnds$7,548,842$5,540,071▼ $2,008,771
Pledges and Grants Receivable$3,399,918--
Cash and Non-Interest-Bearing Accounts$4,496,910$100,000▼ $4,396,910
Land, Buildings, and Equipment, Net$13,376$44,851▲ $31,475
Prepaid Expenses and Deferred Charges$1,241$2,964▲ $1,723
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$7,911,445$6,079,200▼ $1,832,245
Liabilities
Accounts Payable and Accrued Expenses$362,603$539,129▲ $176,526
Total Liabilities$362,603$539,129▲ $176,526
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,548,842$5,540,071▼ $2,008,771
Total Liabilities and Net Assets / Fund Balance$7,911,445$6,079,200▼ $1,832,245

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,479$2,220$36,699
Other Land Buildings$10,372$4,647$15,019
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Brian CanavanVP Development$239,733$27,749$267,482
Xiaoyan YinResearch Scientist$123,514$10,351$133,865
Chris CoburnBoard Chair$26,666-$26,666
Gary SmithDirector$13,300-$13,300
Mark AllenDirector$13,300-$13,300
Michel TriplettDirector$13,300-$13,300
Samuel BrowdDirector$13,300-$13,300

Board Members and Trustees

NameTitle
Timothy LucasPresident/CEO/secretary
Gregory KimmelDirector
Joshua HagenDirector
Justin SanchezDirector
Phil PopovichDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$75,000
Program Service Revenue
$0
Investment Income
$277,623
Other Revenue
$0
All Other Contributions
$75,000
Change in Net Assets
$-2,008,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,007,856
Other Expenses$353,538
Total Fundraising Expense$313,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$134,431$857,299$160,255$1,151,985
Other Employee Benefits$10,428$441,526$22,790$474,744
Current Officers, Directors, Trustees, and Key Employees$35,885$267,360$44,103$347,348
Fees for Services Other$61,971$4,863$18,000$84,834
Fees for Services Accounting-$71,818-$71,818
Travel$10,178$10,216$39,698$60,092
Fees for Services Legal-$31,182-$31,182
Payroll Taxes$11,616-$17,746$29,362
Occupancy-$16,905-$16,905
All Other Expenses-$8,756-$8,756
Insurance-$7,723-$7,723
Office Expenses$378$4,967$545$5,890
Depreciation Depletion-$5,224-$5,224
Pension Plan Contributions$1,699-$2,718$4,417
Information Technology-$4,292-$4,292
Other Expenses$2,352$60$1,661$4,013
Total Functional Expenses$316,005$1,732,191$313,198$2,361,394
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
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 reviews and approves the 990 prior to filing with the irs.

Form 990, Part VI, Section C, Line 19

The organization makes available all documents required by law.

Filing and Contact Details

Filer

Filer Name
Neurotech Institute Inc
EIN
88-2087533
Phone
2153274496
Address
2281 KENNY RD SUITE 248, COLUMBUS, OH 43210

Signing Officer

Name
Justin Sanchez
Title
Interim CEO
Phone
2153274496
Signed
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Sanchez
Formed
2022
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
9
Employees
3
Volunteers
9

Preparer

Firm
Clark Schaefer Hackett & Co
Address
4449 EASTON WAY SUITE 400, COLUMBUS, OH 43219
Preparer
Jane E Pfeifer
Phone
6148852208
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05540071
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05931385
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010000000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010075000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0277623
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0277623
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt010075000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010000000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010075000
IRS990ScheduleA/TotalSupportAmt010352623
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt034479
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02220
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036699
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010372
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04647
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt015019
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044851
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1239733
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0598235
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15333
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt122416
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TIMOTHY LUCAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRIAN CANAVAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP DEVELOPMENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1267482
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0598235
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS AND APPROVES THE 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES AVAILABLE ALL DOCUMENTS REQUIRED BY LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE OHIO STATE UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BATTELLE MEMORIAL INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SCIENCE & EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0281 W LANE AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1505 KING AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COLUMBUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1COLUMBUS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd043210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd143201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00

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