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← ZUCKER INSTITUTE FOR APPLIED NEUROSCIENCES INC

Form 990 for tax year 2022

Filed by ZUCKER INSTITUTE FOR APPLIED NEUROSCIENCES INC.

Totals

Total revenue
$199,002
Total expenses
$289,125
Contributions and grants received
$25
Grants paid
$0
Program service revenue
$114,952
Investment income
-$651
Other revenue
$84,676
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$277,157
Management and general expenses
$11,968
Fundraising expenses
$0
Program service expenses (Part III)
$277,157

Program services were 95.9% 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

    $25

  • 2a · Program service revenue: ROYALTIES

    total $114,952 · related or exempt $114,952

  • 3 · Investment income

    total $645 · excluded $645

  • 7a · Gross sales of assets other than inventory

    securities $338

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

    securities $0 · other assets $1,634

  • 7c · Gain or loss

    securities $338 · other assets -$1,634

  • 7d · Net gain or loss

    total -$1,296 · excluded -$1,296

  • 11a · Other revenue: TECHNOLOGY DEVELOPMENT

    total $73,317 · related or exempt $73,317

  • 11b · Other revenue: PATIENT EXPENSE RECOVE

    total $11,359 · related or exempt $11,359

  • 11e · Other revenue, total

    $84,676

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $25,555 · program services $25,555

  • 11b · Fees: legal

    total $11,003 · management and general $11,003

  • 13 · Office expenses

    total $965 · management and general $965

  • 15 · Royalties

    total $80,580 · program services $80,580

  • 22 · Depreciation, depletion and amortization

    total $44,711 · program services $44,711

  • 23 · Insurance

    total $8,518 · program services $8,518

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $61,021 · program services $61,021

  • 24b · Other expenses: PROTOTYPE DEVELOPMENT

    total $55,428 · program services $55,428

  • 24c · Other expenses: OTHER CONTRACTUAL SERVI

    total $1,344 · program services $1,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,607

  • 3 · Pledges and grants receivable

    beginning of year $69,585

  • 4 · Accounts receivable

    beginning of year $324,192

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,409

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $134,768

  • 14 · Intangible assets

    beginning of year $142,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $307,151

  • 27 · Net assets without donor restrictions

    beginning of year $439,267 · end of year $0

Mission and programs · 2022

Mission

TO APPLY SCIENTIFIC AND CLINICAL DISCOVERY TO CONCRETE NEUROSCIENCE PROBLEMS AND DEVELOP TECHNOLOGICAL ADVANCEMENTS THAT WILL MAKE A DIFFERENCE IN PATIENTS' LIVES.

  • SOUTH CAROLINA CLINICAL AND TRANSLATIONAL RESEARCH INSTITUTE - TRANSLATIONAL TECH PROGRAM

    Expenses $277,157 · Revenue $199,628

  • SCIENTIFIC RESEARCH FOCUSED IN THE FIELD OF NEUROSCIENCES, IN PARTICULAR TO ASSIST IN THE ADVANCEMENT OF THE BLINK SPEED MEASUREMENT TECHNOLOGY.

  • SCIENTIFIC RESEARCH FOCUSED IN THE FIELD OF NEUROSCIENCES, PURSUANT TO A SPONSORED RESEARCH AGREEMENT FUNDED BY WHITE POINT TECHNOLOGIES, INC.

As filed on the 2022 return.

Listed in Part VII

  • Joseph McDonald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paul Kohlheim

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew McKenna

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Olanoff

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 20 related

  • William Himmelsbach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dave Hemink

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jesse Goodwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Semler

    CEO

    Total calculated
    $151,804
    From this org
    $146,080
    From related orgs
    $0
    Other
    $5,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,331
    Bonus
    $0
    Other
    $8,749
    Deferred
    $0
    Nontaxable benefits
    $5,724
    Filer's total
    $151,804

  • Paul Asper

    VICE PRESIDENT

    Total calculated
    $82,746
    From this org
    $78,036
    From related orgs
    $0
    Other
    $4,710
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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

No itemized grants to organizations on this return.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202421349349308597

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