Foundation For Neurologic Diseases

Newburyport, MA
Tax-exempt since Oct. 1988
EIN: 04-3015469

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research / Neurology, Neuroscience Research (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$2.43M (2023)

Expenses

$4.48M (2023)

Total Assets

$38.4M (2023)

Total Liabilities

$178k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$2,433,483

Expenses

$4,477,745

Net Income

-$2,044,262

Net Assets

$38,211,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$630,011	25.9%
Program Services	$1,476,976	60.7%
Investment Income	$191,462	7.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$135,034	5.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$500,408	11.2%

Assets/Debt
Total Assets	$38,388,817
Total Liabilities	$177,637
Net Assets	$38,211,180

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis J Selkoe (President)	$252,706	$0	$0
Karen Hodge (Executive Director)	$159,187	$0	$0
Howard L Weiner (Treasurer)	$67,000	$0	$0
Jon G Auerbach (Director)	$0	$0	$0
Andrew Bounas (Director)	$0	$0	$0
Joanne S Chertok (Director)	$0	$0	$0
Philip M Friedmann (Director)	$0	$0	$0
Shirley S Siff (Director)	$0	$0	$0

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990

Filed on Nov. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$4,406,988

Expenses

$2,853,966

Net Income

$1,553,022

Net Assets

$29,765,562

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$603,005	13.7%
Program Services	$642,512	14.6%
Investment Income	$211,665	4.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,949,806	66.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$459,006	16.1%

Assets/Debt
Total Assets	$29,946,123
Total Liabilities	$180,561
Net Assets	$29,765,562

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis J Selkoe (President)	$247,706	$0	$0
Karen Hodge (Executive Director)	$149,300	$0	$0
Howard L Weiner (Treasurer)	$62,000	$0	$0
Jon G Auerbach (Director)	$0	$0	$0
Andrew Bounas (Director)	$0	$0	$0
Joanne S Chertok (Director)	$0	$0	$0
Philip M Friedmann (Director)	$0	$0	$0
Faye Levine (Director)	$0	$0	$0
Shirley S Siff (Director)	$0	$0	$0

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990

Filed on Oct. 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$7,178,078

Expenses

$3,186,715

Net Income

$3,991,363

Net Assets

$42,319,707

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$226,895	3.2%
Program Services	$1,852,642	25.8%
Investment Income	$413,754	5.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,684,787	65.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$467,202	14.7%

Assets/Debt
Total Assets	$42,372,654
Total Liabilities	$52,947
Net Assets	$42,319,707

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis J Selkoe (President)	$242,706	$0	$0
Karen Hodge (Executive Director)	$149,360	$0	$0
Howard L Weiner (Treasurer)	$57,000	$0	$0
Jon G Auerbach (Director)	$0	$0	$0
Andrew Bounas (Director)	$0	$0	$0
Joanne S Chertok (Director)	$0	$0	$0
Philip M Friedmann (Director)	$0	$0	$0
Faye Levine (Director)	$0	$0	$0
Shirley S Siff (Director)	$0	$0	$0

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990

Filed on Nov. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$105,665

Expenses

$2,778,832

Net Income

-$2,673,167

Net Assets

$36,626,137

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$369,044	> 100%
Program Services	$639,590	> 100%
Investment Income	$593,322	> 100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,496,291
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$401,957	14.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,170	0.5%

Assets/Debt
Total Assets	$36,668,539
Total Liabilities	$42,402
Net Assets	$36,626,137

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis J Selkoe (President)	$227,706	$0	$0
Karen Hodge (Executive Director)	$124,372	$0	$7,440
Howard L Weiner (Treasurer)	$40,000	$0	$0
Jon G Auerbach (Director)	$0	$0	$0
Andrew Bounas (Director)	$0	$0	$0
Joanne S Chertok (Director)	$0	$0	$0
Philip M Friedmann (Director)	$0	$0	$0
Faye Levine (Director)	$0	$0	$0
Shirley S Siff (Director)	$0	$0	$0

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990

Filed on Sept. 25, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$2,872,788

Expenses

$3,902,565

Net Income

-$1,029,777

Net Assets

$36,277,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$464,893	16.2%
Program Services	$1,384,119	48.2%
Investment Income	$858,617	29.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$151,722	5.3%
Net Inventory Sales	$0
Other Revenue	$13,437	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$386,371	9.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,690	0.3%

Assets/Debt
Total Assets	$36,543,266
Total Liabilities	$265,888
Net Assets	$36,277,378

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis J Selkoe (President)	$216,863	$0	$0
Karen Hodge (Executive Director)	$120,895	$0	$7,440
Howard L Weiner (Treasurer)	$40,000	$0	$0
Jon G Auerbach (Director)	$0	$0	$0
Andrew Bounas (Director)	$0	$0	$0
Joanne S Chertok (Director)	$0	$0	$0
Philip M Friedmann (Director)	$0	$0	$0
Faye Levine (Director)	$0	$0	$0
Shirley S Siff (Director)	$0	$0	$0

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990

Filed on Nov. 2, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$859,149

Expenses

$2,831,646

Net Income

-$1,972,497

Net Assets

$32,582,282

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,242,924	> 100%
Program Services	$0
Investment Income	$667,195	77.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,050,970
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$338,194	11.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,629	0.4%

Assets/Debt
Total Assets	$32,704,546
Total Liabilities	$122,264
Net Assets	$32,582,282

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis J Selkoe (President)	$211,862	$0	$0
Karen Hodge (Executive Director)	$117,815	$0	$7,440
Howard L Weiner (Treasurer)	$0	$0	$0
Jon G Auerbach (Director)	$0	$0	$0
Joanne S Chertok (Director)	$0	$0	$0
Philip M Friedmann (Director)	$0	$0	$0
Faye Levine (Director)	$0	$0	$0
Shirley S Siff (Director)	$0	$0	$0
Andrew Bounas (Director)	$0	$0	$0

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990

Filed on Aug. 22, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$5,957,657

Expenses

$3,169,395

Net Income

$2,788,262

Net Assets

$36,505,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,245,069	37.7%
Program Services	$0
Investment Income	$284,159	4.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,428,303	57.5%
Net Inventory Sales	$0
Other Revenue	$126	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$334,863	10.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$13,205	0.4%

Assets/Debt
Total Assets	$36,565,634
Total Liabilities	$60,100
Net Assets	$36,505,534

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$2,895,197

Expenses

$2,941,273

Net Income

-$46,076

Net Assets

$33,403,569

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,136,088	73.8%
Program Services	$0
Investment Income	$734,568	25.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$10,789	0.4%
Net Inventory Sales	$0
Other Revenue	$13,752	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$284,259	9.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$60,688	2.1%

Assets/Debt
Total Assets	$33,532,715
Total Liabilities	$129,146
Net Assets	$33,403,569

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,481,585

Expenses

$3,440,830

Net Income

-$959,245

Net Assets

$30,660,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,065,152	83.2%
Program Services	$0
Investment Income	$689,757	27.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$274,349
Net Inventory Sales	$0
Other Revenue	$1,025	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$271,717	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$55,000	1.6%

Assets/Debt
Total Assets	$30,727,842
Total Liabilities	$67,375
Net Assets	$30,660,467

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$5,508,021

Expenses

$2,404,728

Net Income

$3,103,293

Net Assets

$30,374,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,855,883	70.0%
Program Services	$0
Investment Income	$578,192	10.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,067,760	19.4%
Net Inventory Sales	$0
Other Revenue	$6,186	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$243,142	10.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$55,000	2.3%

Assets/Debt
Total Assets	$30,502,430
Total Liabilities	$128,340
Net Assets	$30,374,090

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$3,397,996

Expenses

$3,293,995

Net Income

$104,001

Net Assets

$26,222,764

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,849,910	83.9%
Program Services	$0
Investment Income	$410,550	12.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$120,804	3.6%
Net Inventory Sales	$0
Other Revenue	$16,732	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$237,097	7.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$58,333	1.8%

Assets/Debt
Total Assets	$26,347,714
Total Liabilities	$124,950
Net Assets	$26,222,764

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,742,351

Expenses

$3,789,408

Net Income

-$1,047,057

Net Assets

$23,474,450

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,023,807	37.3%
Program Services	$0
Investment Income	$558,999	20.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,143,879	41.7%
Net Inventory Sales	$0
Other Revenue	$15,666	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$277,979	7.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$93,669	2.5%

Assets/Debt
Total Assets	$23,567,991
Total Liabilities	$93,541
Net Assets	$23,474,450

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,279,918

Expenses

$3,624,251

Net Income

-$344,333

Net Assets

$23,459,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,401,772	73.2%
Program Services	$0
Investment Income	$525,790	16.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$297,583	9.1%
Net Inventory Sales	$0
Other Revenue	$54,773	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$274,773	7.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,144	1.1%

Assets/Debt
Total Assets	$23,547,121
Total Liabilities	$88,066
Net Assets	$23,459,055

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Raw filing data. Includes EINs and summary financials as structured data.
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Updated December 20, 2024

Foundation For Neurologic Diseases

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $2.43M (2023)

Expenses $4.48M (2023)

Total Assets $38.4M (2023)

Total Liabilities $178k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$2.43M (2023)

Expenses

$4.48M (2023)

Total Assets

$38.4M (2023)

Total Liabilities

$178k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001