THE INSTITUTE FOR ETHNOMEDICINE INC DBA BRAIN CHEMISTRY LABS

EIN: 201829529 501(c)(3) Medical Research

JACKSON, WY

Total Revenue
$2,039,547
Total Expenses
$2,737,104
Total Assets
$3,492,810
Net Assets
$2,954,710
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WY
Principal Officer
PAUL ALAN COX PHD
Phone
8013756214
Tax Period
2023-01-01 to 2023-12-31

THE INSTITUTE FOR ETHNOMEDICINE INC DBA BRAIN CHEMISTRY LABS, founded in 2004, is a community nonprofit in the Medical Research sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE INSTITUTE FOR ETHNOMEDICINE SEARCHES FOR NEW CURES BY STUDYING PLANT MEDICINE AND PATTERNS OF WELLNESS AND DISEASE AMONG INDIGENOUS PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $2,300,679 Revenue: $30,402

The Brain Chemistry Labs seeks to discover novel ways of preventing, diagnosing, and treating brain diseases. Our current focus is on progressive neurodegenerative diseases characterized by protein...

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The Brain Chemistry Labs seeks to discover novel ways of preventing, diagnosing, and treating brain diseases. Our current focus is on progressive neurodegenerative diseases characterized by protein misfolds, including Alzheimers, ALS, Parkinsons, and Lewy Body disease. We are sponsoring a randomized, double-blinded, placebo-controlled Phase II clinical trial of the amino acid L-serine for the treatment of Mild Cognitive Impairment (a precursor of Alzheimers disease) at Houston Methodist Research Institute. We are currently raising funds for advanced clinical trials of L-serine for ALS, and a clinical trial for WY40687, a new drug we have discovered for advanced Parkinsons disease. We have discovered microRNA fingerprints, extracted from extracellular vesicles in the bloodstream, which are diagnostic for ALS as well as a novel metabolite which is diagnostic for early-stage Alzheimers disease. We have also discovered that naturally occurring small proteins, called cyclotides, may be useful as chemotherapy adjuvants for glioblastoma.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,916,166
Program Service Revenue $30,402
Investment Income $92,979
Other Revenue $0
TOTAL REVENUE $2,039,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,142,564
Fundraising Expenses $72,046
Program Expenses $2,300,679
Other Expenses $1,594,540
TOTAL EXPENSES $2,737,104

Year-over-Year Comparison

2023 2022 Change
Revenue $2,039,547 $1,894,431 +0.1%
Expenses $2,737,104 $2,811,010 0.0%
Net Income $-697,557 $-916,579 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
15
Independent Members
13
Employees
6
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$358,014
Total Directors
15
$358,014
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL ALAN COX PHD Executive Dir. 40.00
Officer Director
$293,000 $65,014 $358,014
SANDRA BANACK SENIOR SCIENTIST 40.00
$197,600 $51,674 $249,274
MARILYN ASAY EXECUTIVE ASSISTAN 40.00
$121,200 $48,274 $169,474
RACHAEL DUNLOP SR RESEARCH FELLOW 40.00
$125,238 $39,801 $165,039
STEPHEN BOESCHENSTEIN Director 4.00
Director
$0 $0 $0
WILLIAM C EGAN III Board Chair 4.00
Officer Director
$0 $0 $0
GORDON DEANE Director 4.00
Director
$0 $0 $0
JOSEPH MERRILL Director 4.00
Director
$0 $0 $0
JAMES GORTER Director 4.00
Director
$0 $0 $0
PATRICK HENRY Director 4.00
Director
$0 $0 $0
DOUGLAS M KINNEY Director 4.00
Director
$0 $0 $0
JOHN WETHERELL Acting Chair 4.00
Officer Director
$0 $0 $0
MARION CHRISTOPH Director 4.00
Director
$0 $0 $0
ELIZABETH SUSAN SEVERSON board chair 4.00
Officer Director
$0 $0 $0
ROBERT PAULSON Director 4.00
Director
$0 $0 $0
DEREK CRAIGHEAD Director 4.00
Director
$0 $0 $0
BERTE HIRSCHFIELD Director 4.00
Director
$0 $0 $0
JOHN SMYTH Director 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,039,547 $2,737,104 $3,492,810 $-697,557
2022 $1,894,431 $2,811,010 $4,266,357 $-916,579
2021 $3,175,275 $3,235,323 $4,594,183 $-60,048
2020 $5,087,161 $2,646,632 $4,691,325 $2,440,529
2019 $3,044,317 $2,661,711 $2,220,186 $382,606
2018 $3,031,714 $2,363,482 $1,811,486 $668,232
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