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Nonprofiteer
← BRAINFUTURES INCORPORATED

Form 990 for tax year 2024

Filed by BRAINFUTURES INCORPORATED.

Totals

Total revenue
$1,300,082
Total expenses
$2,191,333
Contributions and grants received
$1,224,108
Grants paid
$115,350
Program service revenue
$0
Investment income
$75,974
Other revenue
$0
Total assets, end of year
$917,810
Total liabilities, end of year
$94,650
Net assets or fund balances, end of year
$823,160
Program services expenses (Part IX)
$2,034,457
Management and general expenses
$145,386
Fundraising expenses
$11,490
Program service expenses (Part III)
$2,034,457

Program services were 92.8% 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.

  • 1e · Government grants (contributions)

    $843,621

  • 1f · All other contributions, gifts and grants

    $380,487

  • 3 · Investment income

    total $75,974 · excluded $75,974

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,350 · program services $115,350

  • 5 · Compensation of officers, directors and key employees

    total $159,075 · program services $146,757 · management and general $11,538 · fundraising $780

  • 7 · Other salaries and wages

    total $729,709 · program services $673,204 · management and general $52,925 · fundraising $3,580

  • 8 · Pension plan contributions

    total $14,155 · program services $13,059 · management and general $1,027 · fundraising $69

  • 9 · Other employee benefits

    total $78,640 · program services $72,550 · management and general $5,704 · fundraising $386

  • 10 · Payroll taxes

    total $60,790 · program services $56,083 · management and general $4,409 · fundraising $298

  • 11a · Fees: management

    total $23,000 · program services $22,070 · management and general $766 · fundraising $164

  • 11b · Fees: legal

    total $1,424 · program services $1,040 · management and general $340 · fundraising $44

  • 11c · Fees: accounting

    total $124,077 · program services $90,654 · management and general $29,583 · fundraising $3,840

  • 11f · Fees: investment management

    total $150 · management and general $150

  • 11g · Fees: other

    total $622,275 · program services $608,744 · management and general $11,976 · fundraising $1,555

  • 12 · Advertising and promotion

    total $3,954 · program services $2,556 · management and general $1,398

  • 13 · Office expenses

    total $18,966 · program services $16,420 · management and general $2,260 · fundraising $286

  • 14 · Information technology

    total $64,217 · program services $52,500 · management and general $11,449 · fundraising $268

  • 16 · Occupancy

    total $13,307 · program services $13,831 · management and general -$632 · fundraising $108

  • 17 · Travel

    total $14,449 · program services $13,621 · management and general $827 · fundraising $1

  • 19 · Conferences, conventions and meetings

    total $5,664 · program services $3,661 · management and general $2,003

  • 23 · Insurance

    total $15,748 · program services $6,953 · management and general $8,742 · fundraising $53

  • 24a · Other expenses: EQUIPMENT & MAINTENANCE

    total $108,677 · program services $108,677

  • 24b · Other expenses: PROGRAM AWARDS AND GIFT

    total $15,828 · program services $15,355 · management and general $473

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,534 · program services $1,121 · management and general $366 · fundraising $47

  • 24d · Other expenses: PAYROLL SERVICES

    total $344 · program services $251 · management and general $82 · fundraising $11

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,743 · end of year $71,501

  • 2 · Savings and temporary cash investments

    beginning of year $2,168,738 · end of year $445,748

  • 3 · Pledges and grants receivable

    end of year $251,211

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,640 · end of year $10,582

  • 15 · Other assets

    beginning of year $0 · end of year $138,768

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,051 · end of year $94,650

  • 25 · Other liabilities

    beginning of year $484,779 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $132,637 · end of year $54,989

  • 28 · Net assets with donor restrictions

    beginning of year $1,615,654 · end of year $768,171

Mission and programs · 2024

Mission

BRAINFUTURES PROVIDES RIGOROUS AND UNBIASED INFORMATION ABOUT BRAIN HEALTH ADVANCES RESULTING FROM BREAKTHROUGHS IN UNDERSTANDING OF BRAIN NEUROPLASTICITY, AND LEADS POLICY, REGULATORY AND REIMBURSEMENT WORK TO ENSURE EQUITABLE ACCESS TO TREATMENT ADVANCES.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • PSYCHEDELICSDEVELOPED PROFESSIONAL PRACTICE GUIDELINES AND A CODING GUIDE FOR A NEW THERAPEUTIC APPROACH TO TREAT VARIOUS BRAIN-BASED CONDITIONS INCLUDING DEPRESSION AND POST-TRAUMATIC STRESS DISORDER. EDUCATED THE PUBLIC THROUGH THE RELEASE OF PRINT MATERIALS, DIGITAL NEWSLETTERS, AND SOCIAL MEDIA, CONFERENCE PRESENTATIONS TO PROFESSIONAL AUDIENCES, AND AUTHORING ARTICLES FOR SELECT NATIONAL PUBLICATIONS. INTERVIEWED A WIDE RANGE OF STAKEHOLDERS FROM BACKGROUNDS SUCH AS COMMUNITY MENTAL HEALTH, ACADEMIA, AND PHILANTHROPY TO UNDERSTAND POTENTIAL BARRIERS TO EQUITABLE ACCESS TO PSYCHEDELIC-ASSISTED THERAPY FOR COMMUNITIES THAT ARE OFTEN UNDERSERVED BY THE HEALTHCARE SYSTEM, SUCH AS BIPOC, LGBTQ+, AND RURAL COMMUNITIES. LAID FOUNDATIONS OF A LARGER INITIATIVE TO SPARK COLLABORATION AND AMPLIFY EQUITY AND ACCESS EFFORTS IN THE PSYCHEDELIC-ASSISTED THERAPY FIELD.

    Expenses $1,197,514 · Grants $115,350

  • YOUTH EXECUTIVE FUNCTIONBRAINFUTURES IMPLEMENTS AN EVIDENCE-BASED, DIGITAL EXECUTIVE COGNITIVE FUNCTION ENHANCEMENT PROGRAM, AS A TIER 1 INTERVENTION FOR HIGH-RISK STUDENTS WITHIN ELEMENTARY AND MIDDLE SCHOOLS. THIS IS A COGNITIVE TRAINING PROGRAM THAT USES COMPUTER-BASED ACTIVITIES TO IMPROVE THE EXECUTIVE FUNCTIONS OF ATTENTION AND MEMORY AND, AS A RESULT, STUDENT ACADEMIC PERFORMANCE. IMPROVED ACADEMIC PERFORMANCE CONTRIBUTES TO HIGHER RATES OF SCHOOL CONNECTEDNESS, WHICH HAS BEEN ASSOCIATED WITH FEWER NEGATIVE MENTAL HEALTH EXPERIENCES. COMPROMISED EXECUTIVE FUNCTIONS ARE ASSOCIATED WITH ADHD, SUBSTANCE ABUSE, DEPRESSION, AND SUICIDE ATTEMPTS; STRENGTHENING EXECUTIVE FUNCTIONS CAN HELP TO PREVENT AND ADDRESS MENTAL HEALTH CHALLENGES. COMPROMISED EXECUTIVE FUNCTIONS LIMIT STUDENTS' ABILITY TO ENGAGE IN AND BENEFIT FROM NUMEROUS OTHER MENTAL HEALTH INTERVENTIONS; BY IMPROVING EXECUTIVE FUNCTION, BRAINFUTURES CAN EQUIP STUDENTS TO BENEFIT FROM OTHER MENTAL HEALTH INTERVENTIONS

    Expenses $836,943

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Kimes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Tim Santoni

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Henry Harbin

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Randal Lutz

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Susan Magsamen

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Jeff Richardson

    AT LARGE MEMBER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Linda Raines

    CHIEF EXECUTIVE DIRECTOR

    Total calculated
    $255,315
    From this org
    $0
    From related orgs
    $245,655
    Other
    $9,660
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,655 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,000 related
    Nontaxable benefits
    $0 + $8,660 related
    Filer's total
    $0 + $255,315 related

  • Rodney Hill

    CIO (UNTIL 7/2024)

    Total calculated
    $133,669
    From this org
    $0
    From related orgs
    $125,112
    Other
    $8,557
    Hours/week
    1 + 39 related

  • Jazz Glastra

    INTERIM EXEC. DIR/OPS BRAINFUTURES

    Total calculated
    $116,513
    From this org
    $0
    From related orgs
    $101,354
    Other
    $15,159
    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

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
BRAINFUTURES, INC. DOES NOT HAVE ANY EMPLOYEES. THE EXECUTIVE DIRECTOR OF BRAINFUTURES INC. IS PAID BY A RELATED ORGANIZATION, THE MENTAL HEALTH ASSOCIATION OF MARYLAND. THIS ORGANIZATION USES A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD, TO ESTABLISH THE SALARY OF THE EXECUTIVE DIRECTOR.

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

  • USONA INSTITUTE

    $115,350

    U-PEP FACULTY IMMERSIVE EDUCATION PROGRAM FUNDING PARTICIPANTS

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
2024
Filed
11 March 2026
IRS schema version
2024v5.5
Source object
202640709349300014

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

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