BRAIN RESEARCH FOUNDATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
BRAIN RESEARCH FOUNDATION (EIN 36-2477928)
Tax period
2015-07-01 to 2016-06-30
Filed
2017-04-25
IRS object ID
201721159349301067
Schema version
2015v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-04-25T17:33:53-05:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN381357951PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PLANTE & MORAN PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 S Riverside Plaza 9th FloorAddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60606ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN362477928EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRAIN RESEARCH FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBRAIBusinessNameControlTxt
Phone3127595160PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 W WASHINGTON ST No 1460AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60602ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTERRE A CONSTANTINEPersonNm
Person TitleEXECUTIVE DIRECTOR/CEOPersonTitleTxt
Phone3127595160PhoneNum
Signature2017-04-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKimberly A HaumannPreparerPersonNm
PTINP00546491PTIN
Phone3122071040PhoneNum
Preparation2017-04-18PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerTERRE A CONSTANTINEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 W WASHINGTON ST No 1460AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60602ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,920,504GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.thebrf.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1953FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTHE FOUNDATION IS COMMITTED TO SUPPORTING NEUROSCIENCE RESEARCH THAT LEADS TO ADVANCES IN UNDERSTANDING OF BRAIN FUNCTION AND TREATMENT OF BRAIN-RELATED DISORDERS.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee4TotalEmployeeCnt
Total Volunteers19TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$977,067PYContributionsGrantsAmt
CY Contributions Grants$1,320,966CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,828,916PYInvestmentIncomeAmt
CY Investment Income$387,358CYInvestmentIncomeAmt
PY Other Revenue-$84,541PYOtherRevenueAmt
CY Other Revenue-$119,285CYOtherRevenueAmt
PY Total Revenue$2,721,442PYTotalRevenueAmt
CY Total Revenue$1,589,039CYTotalRevenueAmt
PY Grants And Similar Paid$1,539,919PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,747,595CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$497,526PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$540,666CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$314,761CYTotalFundraisingExpenseAmt
PY Other Expenses$500,986PYOtherExpensesAmt
CY Other Expenses$493,799CYOtherExpensesAmt
PY Total Expenses$2,538,431PYTotalExpensesAmt
CY Total Expenses$2,782,060CYTotalExpensesAmt
PY Revenues Less Expenses$183,011PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,193,021CYRevenuesLessExpensesAmt
Total Assets BOY$16,790,452TotalAssetsBOYAmt
Total Assets EOY$14,708,537TotalAssetsEOYAmt
Total Liabilities BOY$799,091TotalLiabilitiesBOYAmt
Total Liabilities EOY$929,267TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,991,361NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$13,779,270NetAssetsOrFundBalancesEOYAmt
MissionTHE FOUNDATION IS COMMITTED TO SUPPORTING NEUROSCIENCE RESEARCH THAT LEADS TO ADVANCES IN UNDERSTANDING OF BRAIN FUNCTION AND TREATMENT OF BRAIN-RELATED DISORDERS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$94,498ExpenseAmt
Grant$0GrantAmt
DescThe Brain Research Foundation uses promotions, marketing, and printed materials to raise funds for research on brain-related illnesses and to educate the public about neurological disorders and the foundation itself. Our fundraising efforts are to help the over 50 million Americans afflicted with neurological disorders.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,926,931ExpenseAmt
Grant$1,747,595GrantAmt
DescThe Brain Research Foundation supports professional training, education, and research by providing start-up money for innovative neuroscience research projects across the broad spectrum of these illnesses, including but not limited to: ALS (Lou Gehrig's disease), Alzheimer's disease, attention deficit disorder, autism, bipolar disorder, depression and anxiety, epilepsy, head injuries, Parkinson's disease, schizophrenia, and stroke. Advancing science in these areas will help all humans afflicted with neurological disorders.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$190,006ExpenseAmt
DescThe Brain Research Foundation supports educational programs for researchers and the general public through our website, printed materials and seminars. BRF sponsors an annual Neuroscience Day, which educates researchers working on the brain and nervous system. The Foundation educates the public on such topics as autism, stroke and sports-related brain injuries.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,211,435TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee4EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Vyto JonynasBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3127595150PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 W WASHINGTON ST SUITE 1460AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP606022858ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Peter Pond
Chair0.50Yes (X)Yes (X)$0$0$0
Norman Bobins
Vice Chair0.50Yes (X)Yes (X)$0$0$0
Peter Eschenbach
Treasurer0.50Yes (X)Yes (X)$0$0$0
Diane Jastromb
Secretary0.50Yes (X)Yes (X)$0$0$0
C Brant Ahrens
Trustee0.30Yes (X)$0$0$0
Richard Chaifetz
Trustee0.30Yes (X)$0$0$0
David Fishburn
Trustee0.30Yes (X)$0$0$0
Wilbur Gantz
Trustee0.30Yes (X)$0$0$0
Robert Glick
Trustee0.30Yes (X)$0$0$0
Nathan Hansen
Trustee0.30Yes (X)$0$0$0
Linda Heagy
Trustee0.30Yes (X)$0$0$0
Richard Kohn
Trustee0.30Yes (X)$0$0$0
Bennett Leventhal MD
Trustee0.30Yes (X)$0$0$0
Robert Malenka MD
Trustee0.30Yes (X)$0$0$0
David Olson
Trustee0.30Yes (X)$0$0$0
Susan Moran
Trustee0.30Yes (X)$0$0$0
Thomas Reynolds III
Trustee0.30Yes (X)$0$0$0
Daniel Shapiro
Trustee0.30Yes (X)$0$0$0
Mary Smart
Trustee0.30Yes (X)$0$0$0
Terre A Constantine
Executive Director And CEO40.00Yes (X)$194,849$0$59,792
FieldValueIRS element (for citing)
Total Reportable Comp From Org$194,849TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$59,792TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$1,098,219FundraisingAmt
All Other Contributions$222,747AllOtherContributionsAmt
Total Contributions$1,320,966TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$540,688TotalRevenueColumnAmt
Exclusion$540,688ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$6,998,940SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$7,152,270SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$153,330SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$153,330TotalRevenueColumnAmt
Exclusion-$153,330ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$59,910FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,098,219ContriRptFundraisingEventAmt
Fundraising Direct Expenses$179,195FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$119,285TotalRevenueColumnAmt
Exclusion-$119,285ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,589,039TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$268,073ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,747,595TotalAmt
Program Services$1,747,595ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$255,489TotalAmt
Program Services$1,161ProgramServicesAmt
Management And General$114,038ManagementAndGeneralAmt
Fundraising$140,290FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$194,013TotalAmt
Program Services$194,013ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$67,639TotalAmt
Program Services$29,369ProgramServicesAmt
Management And General$17,161ManagementAndGeneralAmt
Fundraising$21,109FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$23,525TotalAmt
Program Services$10,214ProgramServicesAmt
Management And General$5,969ManagementAndGeneralAmt
Fundraising$7,342FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,800TotalAmt
Program Services$11,636ProgramServicesAmt
Management And General$6,799ManagementAndGeneralAmt
Fundraising$8,365FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$59,641TotalAmt
Program Services$25,897ProgramServicesAmt
Management And General$15,130ManagementAndGeneralAmt
Fundraising$18,614FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$94TotalAmt
Program Services$41ProgramServicesAmt
Management And General$24ManagementAndGeneralAmt
Fundraising$29FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$13,148TotalAmt
Program Services$5,709ProgramServicesAmt
Management And General$3,336ManagementAndGeneralAmt
Fundraising$4,103FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,050TotalAmt
Program Services$1,325ProgramServicesAmt
Management And General$773ManagementAndGeneralAmt
Fundraising$952FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$51,692TotalAmt
Program Services$22,445ProgramServicesAmt
Management And General$13,114ManagementAndGeneralAmt
Fundraising$16,133FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,213TotalAmt
Program Services$527ProgramServicesAmt
Management And General$307ManagementAndGeneralAmt
Fundraising$379FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,165TotalAmt
Program Services$2,677ProgramServicesAmt
Management And General$1,564ManagementAndGeneralAmt
Fundraising$1,924FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,827TotalAmt
Program Services$793ProgramServicesAmt
Management And General$464ManagementAndGeneralAmt
Fundraising$570FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,746TotalAmt
Program Services$2,929ProgramServicesAmt
Management And General$1,712ManagementAndGeneralAmt
Fundraising$2,105FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
EDUCATIONAL PROJECTS$149,124$79,425$31,252$38,447
MARKETING$138,261$60,032$35,077$43,152
PUBLICATIONS$11,773$5,112$2,988$3,673
REPAIRS & MAINTENANCE$1,848$802$469$577

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$22,417TotalAmt
Program Services$9,733ProgramServicesAmt
Management And General$5,687ManagementAndGeneralAmt
Fundraising$6,997FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,782,060TotalAmt
Program Services$2,211,435ProgramServicesAmt
Management And General$255,864ManagementAndGeneralAmt
Fundraising$314,761FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$80,659BOYAmt
EOY$66,557EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$457,854BOYAmt
EOY$536,809EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$127,500BOYAmt
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$9,676EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$120,484LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$118,786LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,525BOYAmt
EOY$1,698EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$16,115,714BOYAmt
EOY$14,088,597EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,200BOYAmt
EOY$5,200EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$16,790,452BOYAmt
EOY$14,708,537EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$134,091BOYAmt
EOY$145,277EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$665,000BOYAmt
EOY$780,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,990EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$799,091BOYAmt
EOY$929,267EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$13,699,593BOYAmt
EOY$12,004,232EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$791,768BOYAmt
EOY$275,038EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,500,000BOYAmt
EOY$1,500,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,991,361BOYAmt
EOY$13,779,270EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,790,452BOYAmt
EOY$14,708,537EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,193,021ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$1,019,070NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$990,552CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,204,568CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,247,970CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$977,067CurrentTaxYearMinus1YearAmt
Current Tax Year$1,320,966CurrentTaxYearAmt
Total$5,741,123TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$990,552CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,204,568CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,247,970CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$977,067CurrentTaxYearMinus1YearAmt
Current Tax Year$1,320,966CurrentTaxYearAmt
Total$5,741,123TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$163,368SubstantialContributorsTotAmt
Public Support Total170$5,577,755PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$448,437CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$553,056CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$487,106CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$536,660CurrentTaxYearMinus1YearAmt
Current Tax Year$540,688CurrentTaxYearAmt
Total$2,565,947TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$19,402CurrentTaxYearMinus4YearsAmt
Total$19,402TotalAmt
FieldValueIRS element (for citing)
Total Support$8,326,472TotalSupportAmt
Gross Receipts Rltd Activities$448,786GrossReceiptsRltdActivitiesAmt
Public Support CY1700.66990PublicSupportCY170Pct
Public Support PY1700.54500PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,802,648BeginningYearBalanceAmt
Investment Earnings Or Losses-$73,591InvestmentEarningsOrLossesAmt
Grants Or Scholarships$218,004GrantsOrScholarshipsAmt
End Year Balance$1,511,053EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,909,329BeginningYearBalanceAmt
Investment Earnings Or Losses$97,096InvestmentEarningsOrLossesAmt
Grants Or Scholarships$203,777GrantsOrScholarshipsAmt
End Year Balance$1,802,648EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,682,635BeginningYearBalanceAmt
Investment Earnings Or Losses$328,761InvestmentEarningsOrLossesAmt
Grants Or Scholarships$79,984GrantsOrScholarshipsAmt
Administrative Expenses$22,083AdministrativeExpensesAmt
End Year Balance$1,909,329EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,614,629BeginningYearBalanceAmt
Investment Earnings Or Losses$167,819InvestmentEarningsOrLossesAmt
Grants Or Scholarships$77,880GrantsOrScholarshipsAmt
Administrative Expenses$21,933AdministrativeExpensesAmt
End Year Balance$1,682,635EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,671,330BeginningYearBalanceAmt
Investment Earnings Or Losses$45,977InvestmentEarningsOrLossesAmt
Grants Or Scholarships$80,210GrantsOrScholarshipsAmt
Administrative Expenses$22,468AdministrativeExpensesAmt
End Year Balance$1,614,629EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.99300PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.00700TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$67,350OtherCostOrOtherBasisAmt
Depreciation$65,652DepreciationAmt
Book Value$1,698BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$53,134OtherCostOrOtherBasisAmt
Depreciation$53,134DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,698TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDeferred Rent ExpenseDesc
Amt$3,990Amt
FieldValueIRS element (for citing)
Total Liability$3,990TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$569,969TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$1,019,070NetUnrealizedGainsInvstAmt
Revenue Not Reported-$1,019,070RevenueNotReportedAmt
Revenue Subtotal$1,589,039RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,589,039TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,782,060TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,782,060ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,782,060TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part V, Line 4:THE FOUNDATION ESTABLISHED THE HELEN M. MCLORAINE NEUROSCIENCE RESEARCH FUND TO SUPPORT RESEARCH IN THE FIELD OF DEMENTIA, WITH A FOCUS ON ATYPICAL DEMENTIA.
Part X, Line 2:Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS or other applicable taxing authorities. Management has analyzed the tax positions taken by the Foundation and has concluded that, as of June 30, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Annual BenefitEvent1Nm
Gross Receipts Event1$1,152,790GrossReceiptsEvent1Amt
Charitable Contri Event1$1,096,030CharitableContriEvent1Amt
Gross Revenue Event1$56,760GrossRevenueEvent1Amt
Other Direct Expenses Event1$167,932OtherDirectExpensesEvent1Amt
Event2Golf OutingEvent2Nm
Gross Receipts Event2$4,639GrossReceiptsEvent2Amt
Charitable Contri Event2$2,189CharitableContriEvent2Amt
Gross Revenue Event2$2,450GrossRevenueEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$700GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$700GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$11,263OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,158,129GrossReceiptsTotalAmt
Charitable Contributions Tot$1,098,219CharitableContributionsTotAmt
Gross Revenue Total Events$59,910GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$179,195OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$179,195DirectExpenseSummaryEventsAmt
Net Income Summary-$119,285NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeBRAIN RESEARCH GRANTSGrantTypeTxt
Recipient17RecipientCnt
Cash Grant$1,747,595CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart I, Line 2:FormAndLineReferenceDesc
ExplanationGrant recipients are required to report back to the Foundation with a summary of research progress and a financial report detailing expenditures. There are specific funding policies and research protocol involved. By signing the initial application at the beginning of the grant process, the chosen recipients are acknowledging these stipulations.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonTerre A ConstantinePersonNm
TitleExecutive Director And CEOTitleTxt
Base Compensation Filing Org$179,849BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$15,000BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$31,215DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$28,577NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$254,641TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 1aProvides social club dues to the University Club of Chicago for the Executive Director of Brain Research Foundation. The membership is used primarily for business purposes and is reimbursed to the organization if not used for business purposes.
Part I, Line 7All BRF employees have an annual evaluation and are eligible for a performance bonus based on meeting goals and expectations. The Executive Committee of the Board of Trustees determines and votes on the discretionary bonus.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 2BOARD MEMBER NORM BOBINS AND BRANT AHERS BOTH WORK FOR THE SAME NON-RELATED COMPANY AND SHARE A BUSINESS RELATIONSHIP.
Form 990, Part VI, Section B, line 11THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FORM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING.
Form 990, Part VI, Section B, line 12cALL OFFICERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST TO THE BOARD OF TRUSTEES, ACCORDING TO THE By-LAWS OF THE ORGANIZATION, WHICH ALSO ALLOW FOR THE REMOVAL OF AN OFFICER IF IT IS IN THE BEST INTEREST OF THE FOUNDATION.
Form 990, Part VI, Section B, line 15The Executive Committee of the Board of Trustees determines and votes on compensation for the executive director and all other employees of the Brain Research Foundation. A special meeting of the executive committee was held to review compensation data provided by the "2015 Charity Navigator CEO Compensation Study" to determine the salary for the Executive Director.
Form 990, Part VI, Section C, line 19GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.

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