Howard Brain Sciences Foundation

EIN: 465727582 501(c)(3) Philanthropy & Grantmaking

Providence, RI

Total Revenue
$271,643
Total Expenses
$302,673
Total Assets
$26,587
Net Assets
$-55,229
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
RI
Phone
4018086256
Tax Period
2020-01-01 to 2020-12-31

Howard Brain Sciences Foundation, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $272K in total revenue in fiscal year 2020. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $303K exceeded revenue, resulting in a 11% operating deficit.

Mission

Innovative research initiatives that improve our understanding of the human brain, and advance diagnosis and treatment of neurological conditions.

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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 (2020)

Revenue Breakdown

Contributions & Grants $271,643
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $271,643

Expense Breakdown

Grants Paid $184,365
Salaries & Benefits $70,330
Fundraising Expenses $0
Program Expenses $184,365
Other Expenses $47,978
TOTAL EXPENSES $302,673

Year-over-Year Comparison

2020 2019 Change
Revenue $271,643 $870,537 -0.7%
Expenses $302,673 $890,642 -0.7%
Net Income $-31,030 $-20,105 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
2
$50
Total Directors
7
$50
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rebecca Howard Executive Dir. 25.00
Officer Director
$50 $0 $50
Newton Howard Chairman 0.00
Director
$0 $0 $0
Richard Wirt Vice Chairman 0.00
Director
$0 $0 $0
John Dankovchik Board Member 0.00
Director
$0 $0 $0
Sergey Kanareykin Board Member 0.00
Director
$0 $0 $0
Seema Kahn Board Member 0.00
Director
$0 $0 $0
Reem Hassan Ass. Director 40.00
Officer 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
2020 $271,643 $302,673 $26,587 $-31,030
2019 $870,537 $890,642 $11,756 $-20,105
2018 $253,133 $251,678 $9,295 $1,455
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