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Nonprofiteer
← AMERICAN BRAIN FOUNDATION

Form 990 for tax year 2025

Filed by AMERICAN BRAIN FOUNDATION.

Totals

Total revenue
$7,843,535
Total expenses
$11,025,024
Contributions and grants received
$7,608,054
Grants paid
$8,135,005
Program service revenue
$0
Investment income
$654,254
Other revenue
-$418,773
Total assets, end of year
$22,081,098
Total liabilities, end of year
$3,763,500
Net assets or fund balances, end of year
$18,317,598
Program services expenses (Part IX)
$9,024,897
Management and general expenses
$733,770
Fundraising expenses
$1,266,357
Program service expenses (Part III)
$9,024,897

Program services were 81.9% 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.

  • 1c · Fundraising events

    $1,181,398

  • 1f · All other contributions, gifts and grants

    $6,426,656

  • 1g · Noncash contributions included above

    $22,925

  • 3 · Investment income

    total $638,380 · excluded $638,380

  • 7a · Gross sales of assets other than inventory

    other assets $2,395,989

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

    other assets $2,380,115

  • 7c · Gain or loss

    other assets $15,874

  • 7d · Net gain or loss

    total $15,874 · excluded $15,874

  • 8a · Fundraising events: gross income

    $49,102

  • 8a · Fundraising events: contributions included on line 1c

    $1,181,398

  • 8b · Fundraising events: direct expenses

    $474,660

  • 8c · Net income from fundraising events

    total -$425,558 · excluded -$425,558

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,785 · excluded $6,785

  • 11e · Other revenue, total

    $6,785

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,135,005 · program services $8,135,005

  • 5 · Compensation of officers, directors and key employees

    total $400,075 · program services $28,005 · management and general $180,034 · fundraising $192,036

  • 7 · Other salaries and wages

    total $1,151,460 · program services $494,690 · management and general $52,083 · fundraising $604,687

  • 8 · Pension plan contributions

    total $150,915 · program services $51,751 · management and general $21,554 · fundraising $77,610

  • 9 · Other employee benefits

    total $115,046 · program services $48,808 · management and general $5,900 · fundraising $60,338

  • 10 · Payroll taxes

    total $106,148 · program services $36,400 · management and general $15,160 · fundraising $54,588

  • 11a · Fees: management

    total $153,987 · management and general $153,987

  • 11b · Fees: legal

    total $37,450 · program services $19,589 · management and general $6,259 · fundraising $11,602

  • 11c · Fees: accounting

    total $27,373 · program services $14,318 · management and general $4,575 · fundraising $8,480

  • 11f · Fees: investment management

    total $74,283 · management and general $74,283

  • 11g · Fees: other

    total $17,375 · program services $9,088 · management and general $2,903 · fundraising $5,384

  • 12 · Advertising and promotion

    total $201,265 · program services $106,321 · management and general $33,971 · fundraising $60,973

  • 13 · Office expenses

    total $90,424 · program services $14,945 · management and general $40,884 · fundraising $34,595

  • 14 · Information technology

    total $99,439 · program services $4,748 · management and general $10,573 · fundraising $84,118

  • 17 · Travel

    total $160,024 · program services $50,071 · management and general $88,268 · fundraising $21,685

  • 23 · Insurance

    total $12,813 · management and general $12,813

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $60,158 · program services $8,324 · management and general $22,773 · fundraising $29,061

  • 24b · Other expenses: FUNDRAISING EVENTS

    total $11,309 · fundraising $11,309

  • 24c · Other expenses: EMPLOYEE DEVELOPMENT

    total $10,643 · program services $1,473 · management and general $4,029 · fundraising $5,141

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $9,832 · program services $1,361 · management and general $3,721 · fundraising $4,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,027,870 · end of year $338,455

  • 2 · Savings and temporary cash investments

    beginning of year $4,083,926 · end of year $3,697,977

  • 3 · Pledges and grants receivable

    beginning of year $4,270,938 · end of year $3,847,926

  • 4 · Accounts receivable

    beginning of year $84,807 · end of year $11,372

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,021 · end of year $54,888

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

    $186,745

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

    $186,745

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $12,113,907 · end of year $14,130,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,764 · end of year $148,911

  • 18 · Grants payable

    beginning of year $1,268,751 · end of year $3,614,589

  • 27 · Net assets without donor restrictions

    beginning of year $7,431,093 · end of year $9,253,927

  • 28 · Net assets with donor restrictions

    beginning of year $12,793,861 · end of year $9,063,671

Mission and programs · 2025

Mission

THE AMERICAN BRAIN FOUNDATION ACCELERATES BREAKTHROUGH RESEARCH ACROSS BRAIN DISEASES AND DISORDERS BY INVESTING IN INNOVATIVE SCIENCE, EARLY-CAREER INVESTIGATORS, AND CROSS-DISEASE DISCOVERIES THAT ADVANCE TREATMENTS, CURES, AND BRAIN HEALTH FOR ALL.

Activities or mission (Part I)

TO ACCELERATE BREAKTHROUGH RESEARCH ON BRAIN DISEASE AND OPTIMIZE BRAIN HEALTH FOR ALL. ABF FUNDS THE BEST AND BRIGHTEST SCIENTISTS TO MAKE A LASTING IMPACT ON PUBLIC HEALTH AND OUR COLLECTIVE KNOWLEDGE OF THE BRAIN.

  • THE FOUNDATION ADVANCED PUBLIC UNDERSTANDING OF BRAIN RESEARCH AND BRAIN HEALTH THROUGH EDUCATIONAL CONTENT, RESEARCH UPDATES, PATIENT AND CAREGIVER STORIES, PUBLIC EVENTS, AND DONOR ENGAGEMENT. THESE EFFORTS HELPED PEOPLE SEE THE CONNECTIONS AMONG BRAIN DISEASES, REDUCE STIGMA, AND UNDERSTAND THE URGENCY AND PROMISE OF RESEARCH. THROUGH ITS CURE ONE, CURE MANY APPROACH, THE FOUNDATION SHOWED HOW DISCOVERIES IN ONE BRAIN DISEASE CAN ACCELERATE PROGRESS ACROSS MANY, INSPIRING AWARENESS, ADVOCACY, AND PHILANTHROPIC SUPPORT.

    Expenses $889,892

  • IN 2025, THE FOUNDATION INVESTED IN RESEARCH ACROSS MULTIPLE BRAIN DISEASES THROUGH ITS NEXT GENERATION RESEARCH GRANTS AND CURE ONE, CURE MANY INITIATIVES. IT FUNDED EARLY-CAREER INVESTIGATORS AND INNOVATIVE PROJECTS IN ALS, ALD, ALZHEIMER'S AND AGE-RELATED COGNITIVE DECLINE, EPILEPSY, FRONTOTEMPORAL DEGENERATION, LEWY BODY DISEASES, MULTIPLE SCLEROSIS, NEUROMUSCULAR DISEASE, NEUROLOGICAL HEALTH DISPARITIES, PARKINSON'S DISEASE, PERIPHERAL NEUROPATHY, AND STROKE. THESE GRANTS HELP LAUNCH RESEARCH CAREERS; MORE THAN 95% OF NEARLY 330 FOUNDATION-FUNDED INVESTIGATORS HAVE SECURED FOLLOW-ON SUPPORT FROM NIH OR OTHER MAJOR FUNDERS. THE FOUNDATION ALSO ADVANCED TWO CROSS-DISEASE INITIATIVES TO TARGET SHARED MECHANISMS AND ACCELERATE DISCOVERIES FOR PATIENTS.

    Expenses $8,135,005 · Grants $8,135,005

As filed on the 2025 return.

Listed in Part VII

  • Michelle Heritage

    EXECUTIVE DIRECTOR

    Total calculated
    $400,075
    From this org
    $365,800
    From related orgs
    $0
    Other
    $34,275
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,500
    Bonus
    $40,300
    Other
    $0
    Deferred
    $34,275
    Nontaxable benefits
    $0
    Filer's total
    $400,075
  • Heather Heart

    DEPUTY DIRECTOR

    Total calculated
    $170,000
    From this org
    $170,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,000
    Bonus
    $2,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,000
  • Julia Miglets-Nelson

    DIRECTOR, RESEARCH PROGRAMS & PARTNERSHIPS

    Total calculated
    $143,175
    From this org
    $131,435
    From related orgs
    $0
    Other
    $11,740
    Hours/week
    40
  • Kimberly Howard

    DIRECTOR OF OPERATIONS

    Total calculated
    $128,462
    From this org
    $128,000
    From related orgs
    $0
    Other
    $462
    Hours/week
    40
  • Sean Sansiveri

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5
  • Ben Lenail

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alyx B Porter Umphrey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ralph R Leslie

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Phyllis C Zee

    EX OFFICIO VOTING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Paul J Cairns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Merit Cudkowicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • David W Dodick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Christina M Francis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jacqueline French

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Frances Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bruce Kahne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Thabele Leslie-Mazwi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Matthew S Picard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Alfredo Quiones-Hinojosa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Richard Ransohoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joanne L Smikle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

Provenance

Return type
form_990
Tax year
2025
Filed
7 August 2026
IRS schema version
2025v4.2
Source object
202602229349301505

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