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Nonprofiteer
← NEUROSURGERY RESEARCH AND EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by NEUROSURGERY RESEARCH AND EDUCATION FOUNDATION.

Totals

Total revenue
$1,991,819
Total expenses
$3,098,338
Contributions and grants received
$1,319,171
Grants paid
$1,888,000
Program service revenue
$906,500
Investment income
-$233,852
Other revenue
$0
Total assets, end of year
$34,381,230
Total liabilities, end of year
$9,781,901
Net assets or fund balances, end of year
$24,599,329
Program services expenses (Part IX)
$2,148,224
Management and general expenses
$606,287
Fundraising expenses
$343,827
Program service expenses (Part III)
$2,148,224

Program services were 69.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,319,171

  • 2a · Program service revenue: Prof. Develop. Courses

    total $906,500 · related or exempt $906,500

  • 3 · Investment income

    total -$208,831 · excluded -$208,831

  • 7a · Gross sales of assets other than inventory

    securities $2,461,380

  • 7b · Less cost or other basis and sales expenses

    securities $2,486,401

  • 7c · Gain or loss

    securities -$25,021

  • 7d · Net gain or loss

    total -$25,021 · excluded -$25,021

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,888,000 · program services $1,888,000

  • 5 · Compensation of officers, directors and key employees

    total $330,027 · fundraising $330,027

  • 7 · Other salaries and wages

    total $353,490 · program services $1,335 · management and general $352,155

  • 11a · Fees: management

    total $1,316 · management and general $1,316

  • 11b · Fees: legal

    total $26,965 · management and general $26,965

  • 11c · Fees: accounting

    total $7,980 · management and general $7,980

  • 11e · Fees: professional fundraising services

    total $9,000 · fundraising $9,000

  • 11f · Fees: investment management

    total $53,281 · management and general $53,281

  • 11g · Fees: other

    total $53,747 · program services $53,747

  • 13 · Office expenses

    total $2,222 · management and general $2,222

  • 14 · Information technology

    total $240 · management and general $240

  • 17 · Travel

    total $182,155 · program services $162,959 · management and general $15,896 · fundraising $3,300

  • 19 · Conferences, conventions and meetings

    total $187,807 · program services $41,930 · management and general $145,877

  • 24a · Other expenses: VB Tournament

    total $1,500 · fundraising $1,500

  • 24b · Other expenses: Framed Awards

    total $608 · program services $253 · management and general $355

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $868,712 · end of year -$295,422

  • 3 · Pledges and grants receivable

    beginning of year $958,890 · end of year $378,317

  • 4 · Accounts receivable

    beginning of year $3,260,205 · end of year $9,123,100

  • 10a · Land, buildings and equipment: cost or other basis

    $14,890

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,890

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,025,799 · end of year $25,175,235

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,039,229 · end of year $3,799,176

  • 18 · Grants payable

    beginning of year $2,271,773 · end of year $4,057,276

  • 25 · Other liabilities

    beginning of year $383,816 · end of year $1,925,449

  • 27 · Net assets without donor restrictions

    beginning of year $2,717,971 · end of year $2,782,561

  • 28 · Net assets with donor restrictions

    beginning of year $10,700,817 · end of year $21,816,768

Mission and programs · 2022

Mission

NREF supports basic science and clinical research, as well as life-long education, to foster improved outcomes for our patients with neurosurgical diseases.

  • -To provide a private, non-governmental source of funding for research training in the neurosciences related to the field of neurological surgery;-To ensure the continued viability and expansion of the field of neurological surgery based on fundamental research in the basic sciences and clinical enterprises pertinent to neurosurgery;-To augment support for research endeavors by the neurosurgical community;-To stimulate learning by neurosurgeons and enhance educational opportunities for them throughout their careers.

    Expenses $2,148,224 · Grants $1,888,000 · Revenue $906,500

As filed on the 2022 return.

Listed in Part VII

  • Adam S Arthur

    Chair

    Total calculated
    $0
    Hours/week
    2.5

  • Michael W Groff

    Chair (until 04/2023)

    Total calculated
    $0
    Hours/week
    2.5 + 1 related

  • Charles L Branch Jr

    Vice-Chair

    Total calculated
    $0
    Hours/week
    2.5

  • Sepideh Amin-Hanjani

    Treasurer

    Total calculated
    $0
    Hours/week
    2.5 + 25 related

  • Gregory J Zipfel

    Secretary

    Total calculated
    $0
    Hours/week
    2.5

  • Aviva Abosch

    Director (until 04/2023)

    Total calculated
    $0
    Hours/week
    2.5 + 10 related

  • Frederick G Barker II

    Director

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • Mohamad Bydon

    Director

    Total calculated
    $0
    Hours/week
    2.5 + 4 related

  • E Chiocca

    Director

    Total calculated
    $0
    Hours/week
    2.5 + 10 related

  • J Flagg Flanagan

    Director

    Total calculated
    $0
    Hours/week
    2.5

  • John Joseph Knightly

    Director (until 04/2023)

    Total calculated
    $0
    Hours/week
    2.5 + 12 related

  • James T Rutka

    Director

    Total calculated
    $0
    Hours/week
    2.5

  • Michael Y Wang

    Director

    Total calculated
    $0
    Hours/week
    2.5

  • Stacey Wolfe

    Director

    Total calculated
    $0
    Hours/week
    2.5 + 10 related

  • Kathleen T Craig

    CEO

    Total calculated
    $593,599
    From this org
    $0
    From related orgs
    $547,744
    Other
    $45,855
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $547,744 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $15,355 related
    Filer's total
    $0 + $593,599 related

  • Carol Jones

    CFO (As of 01/2023)

    Total calculated
    $0
    Hours/week
    5 + 45 related

  • Kathryn A Dattomo

    CDO (until 03/2023)

    Total calculated
    $238,130
    From this org
    $0
    From related orgs
    $191,224
    Other
    $46,906
    Hours/week
    2.5 + 35.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,224 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,173 related
    Nontaxable benefits
    $0 + $26,733 related
    Filer's total
    $0 + $238,130 related

  • Michael A Chabraja

    Legal Counsel

    Total calculated
    $0
    Hours/week
    3.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The compensation of the Chief Executive Officer was determined by the related organization - American Association of Neurosurgeons, Inc. The following methods were used: -Compensation survey or study -Approval by the board or compensation committee

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349318734

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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