AMERICAN BRAIN FOUNDATION

EIN: 411717098 501(c)(3) Medical Research

Minneapolis, MN

Total Revenue
$10,383,820
Total Expenses
$4,956,400
Total Assets
$21,918,542
Net Assets
$19,468,647
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MN
Principal Officer
Michelle Heritage
Phone
8667707570
Tax Period
2023-01-01 to 2023-12-31

AMERICAN BRAIN FOUNDATION, founded in 1992, is a mid-sized nonprofit in the Medical Research sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 52% operating margin.

Mission

ABF's mission is to accelerate breakthrough research on brain disease and optimize brain health for all. Driven by the certainty that all aspects of the brain are interconnected, we invest in research on mechanisms shared by multiple brain diseases, disorders, and injuries, setting the stage for new treatments to emerge for conditions that were previously untreatable.

Program Service Accomplishments

Program 1
Expenses: $2,438,504 Revenue: $0

GRANTS: In 2023, the American Brain Foundation funded Next Generation Research Grants in Amyotrophic Lateral Sclerosis (ALS); Alzheimer's; Cognitive Aging and Age-Related Memory Loss; Epilepsy...

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GRANTS: In 2023, the American Brain Foundation funded Next Generation Research Grants in Amyotrophic Lateral Sclerosis (ALS); Alzheimer's; Cognitive Aging and Age-Related Memory Loss; Epilepsy; Frontotemporal Degeneration; Lewy Body Dementia; Migraine; Multiple Sclerosis; Muscular Dystrophy; Neuromuscular Disease; Parkinson's Disease; Peripheral Neuropathy; Stroke; Tourette Syndrome; and Neurological Healthcare Disparities. These are two- and three-year innovative clinical research projects that launch research careers. Over 95% of the nearly 300 investigators the foundation has funded have received additional research funding from the NIH and other entities to continue the research started with our grants. The American Brain Foundation also continued to lead the development and funding of an initiative to find a biomarker for the early diagnosis of Lewy body dementia with partners the Alzheimer's Association, the Michael J. Fox Foundation, and the American Academy of Neurology. We expect this research to lead to more clarity and effective therapies for people struggling with LBD, and to increase our understanding of other neurodegenerative brain diseases, such as Alzheimer's disease and Parkinson's disease.

Program 2
Expenses: $226,017 Revenue: $0

AWARDS: The American Brain Foundation honored leaders in the fight against brain disease-both scientists and members of the public. Among these were the prestigious Potamkin Prize in Pick's...

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AWARDS: The American Brain Foundation honored leaders in the fight against brain disease-both scientists and members of the public. Among these were the prestigious Potamkin Prize in Pick's, Alzheimer's, and Related Diseases, and the Sheila Essey Award for Research in ALS. Other awards included the Public Leadership in Neurology Award, given to Arianna Huffington for raising public awareness of the importance of sleep and brain health, and the Scientific Breakthrough Award, given to Josep Dalmau, MD, PhD and Vanda Lennon, MD, PhD for transforming the field of autoimmune and paraneoplastic neurology. We also gave humanitarian and lifetime achievement awards, including the Association of Indian Neurologists in American Lifetime Achievement Award; the Mridha Spirit of Neurology Award; and the Ted M. Burns Humanism in Neurology Award, and underwrote numerous AAN Scientific Awards, including the Dreifuss-Penry Epilepsy Award; Norman Geschwind Prize in Behavioral Neurology; Mitchell B. Max Award for Neuropathic Pain; Movement Disorders Research Award; Michael S. Pessin Stroke Leadership Prize; Sleep Science Award, Neuro-oncology Scientific Award, Neuroinfectious Disease Award, and many others.

Program 3
Expenses: $764,041 Revenue: $0

PUBLIC OUTREACH: The American Brain Foundation continued to invest in a large-scale public awareness campaign with the purpose of educating the public about the need for brain disease research. The...

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PUBLIC OUTREACH: The American Brain Foundation continued to invest in a large-scale public awareness campaign with the purpose of educating the public about the need for brain disease research. The multi-channel campaign provided resources and information about brain diseases and disorders, the latest brain research news, and stories from patients and caregivers. The American Brain Foundation produced free monthly webinars with neurology experts for the public on topics such as Deep Brain Stimulation, Sleep and the Brain, and Migraine Research and Treatment. The Commitment to Cures gala was a hybrid event and was attended by nearly 2,000 people and raised over $850,000. All key performance indicators for public outreach exceeded goals. Comparing 2022 to 2021, Social media followers increased 51%, website traffic increased 50%, and email subscribers increased 31%.

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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 $10,120,592
Program Service Revenue $0
Investment Income $403,606
Other Revenue $-140,378
TOTAL REVENUE $10,383,820

Expense Breakdown

Grants Paid $2,401,988
Salaries & Benefits $1,288,130
Fundraising Expenses $656,125
Program Expenses $3,428,562
Other Expenses $1,225,032
TOTAL EXPENSES $4,956,400

Year-over-Year Comparison

2023 2022 Change
Revenue $10,383,820 $5,946,773 +0.7%
Expenses $4,956,400 $7,713,651 -0.4%
Net Income $5,427,420 $-1,766,878 -4.1%
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
17
Independent Members
17
Employees
10
Volunteers
43

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
8
$419,086
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE RANSOM EXECUTIVE DIRECTOR 41
Officer
$371,331 $47,755 $419,086
EMILY CHRISTIAN DEPUTY DIRECTOR 37
Highest
$143,081 $22,316 $165,397
DAVID D DODICK CHAIR 1.5
Officer Director
$0 $0 $0
BEN LENAIL VICE CHAIR 1
Officer Director
$0 $0 $0
JAMES ESSEY TREASURER 1
Officer Director
$0 $0 $0
JACQUELINE FRENCH SECRETARY 1
Officer Director
$0 $0 $0
CARLAYNE E JACKSON EX OFFICIO VOTING DIRECTOR 0.5
Officer Director
$0 $0 $0
ROBERT C GRIGGS EX OFFICIO VOTING DIRECTOR 0.5
Officer Director
$0 $0 $0
MERIT CUDKOWICZ DIRECTOR 0.5
Director
$0 $0 $0
DAVID EAGLEMAN DIRECTOR 0.5
Director
$0 $0 $0
JAMES C GROTTA DIRECTOR 0.5
Director
$0 $0 $0
STEPHEN L HAUSER DIRECTOR 0.5
Director
$0 $0 $0
FRANCES JENSEN DIRECTOR 0.5
Director
$0 $0 $0
RALPH R LESILE DIRECTOR 0.5
Director
$0 $0 $0
THABELE LESILE-MAZWI DIRECTOR 0.5
Director
$0 $0 $0
RONALD PETERSEN DIRECTOR 0.5
Director
$0 $0 $0
ALYX B PORTER DIRECTOR 0.5
Director
$0 $0 $0
ALFREDO QUINONES-HINOJOSA DIRECTOR 0.5
Director
$0 $0 $0
SEAN SANSIVERI DIRECTOR 0.5
Director
$0 $0 $0
MARY E POST EX OFFICIO NON-VOTING DIRECTOR 0.5
Officer
$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 $10,383,820 $4,956,400 $21,918,542 $5,427,420
2022 $5,946,773 $7,713,651 $16,866,097 $-1,766,878
2021 $8,882,210 $4,478,036 $18,178,228 $4,404,174
2020 $5,925,989 $4,093,611 $15,127,777 $1,832,378
2019 $5,884,142 $4,597,771 $13,204,924 $1,286,371
2018 $2,532,805 $3,701,547 $11,302,143 $-1,168,742
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