THE MANY BRAINS PROJECT INC

EIN: 474239522 501(c)(3) Science & Technology

BELMONT, MA

Total Revenue
$423,904
Total Expenses
$623,251
Total Assets
$454,099
Net Assets
$198,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
LAURA GERMINE
Phone
8573956897
Tax Period
2024-04-01 to 2025-03-31

THE MANY BRAINS PROJECT INC, founded in 2015, is a small nonprofit in the Science & Technology sector that reported $424K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $623K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE MANY BRAINS PROJECT, INC. IS ORGANIZED AND OPERATED EXLUSIVELY TO (1) ADVANCE SCIENTIFIC KNOWLEDGE IN THE FIELDS OF NEUROSCIENCE AND PSYCHOLOGY THROUGH THE DEVELOPMENT OF OPEN SOURCE TOOLS, (2) ADVANCEEDUCATION IN NEUROSCIENCE AND PSYCHOLOGY, AND (3) PROMOTE BRAIN HEALTHAND MENTAL HEALTH. THE MANY BRAINS PROJECT'S CORE MISSION IS TO CURATEAND BROADLY DISSEMINATE HIGH-QUALITY, OPEN SOURCE, WEB-OPTIMIZEDNEUROCOGNITIVE ("BRAIN") TESTS FOR SCIENTIFIC RESEARCH AND EDUCATIONALUSE. BY REDUCING THE COST OF PRECISELY MEASURING COGNITIVE AND BRAINFUNCTION IN EACH INDIVIDUAL PERSON, THE AVAILABILITY OF SUCH TESTS CANACCELERATE THE ACCUMULATION OF KNOWLEDGE BOTH IN THE BASIC SCIENCES ANDIN KEY APPLIED RESEARCH AREAS SUCH AS EDUCATION AND MEDICINE. FURTHER,MAKING THESE TECHNOLOGIES OPEN SOURCE ALLOWS OTHERS TO ADAPT AND BUILDON TECHNOLOGY DEVELOPED BY MANY BRAINS, FURTHER FACILITATING THEIRDISSEMINATION, USE, AND CONTRIBUTION TO THE ADVANCEMENT OF SCIENCE.

Program Service Accomplishments

Program 1
Expenses: $470,854 Revenue: $375,974

(1) WE REBUILT THE PUBLIC TESTMYBRAIN.ORG WEBSITE WHICH SERVES UP TO 1,000 USERS A DAY WHO WANT TO CONTRIBUTE TO SCIENCE BY TAKING COGNITIVE TESTS WHILE ALSO LEARNING MORE ABOUT THEIR MIND AND BRAIN...

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(1) WE REBUILT THE PUBLIC TESTMYBRAIN.ORG WEBSITE WHICH SERVES UP TO 1,000 USERS A DAY WHO WANT TO CONTRIBUTE TO SCIENCE BY TAKING COGNITIVE TESTS WHILE ALSO LEARNING MORE ABOUT THEIR MIND AND BRAIN. SINCE THE REBUILD, MORE PARTICIPANTS ARE PARTICIPATING IN THE PUBLIC RESEARCH STUDIES IN THE TMB DIGITAL LAB, WITH OVER 151,000 TESTS COMPLETED BY OVER 117,000 PEOPLE. (2) ADDITIONALLY MANY BRAINS CONTINUED SUPPORT AND DISTRIBUTION OF THE TMB COGNITIVE SCIENCE TOOLKIT, A FREE COGNITIVE TESTING TOOL FOR EDUCATORS, STUDENTS, AND RESEARCHERS AROUND THE WORLD. THIS TOOLKIT IS CURRENTLY SERVING 82 TESTING SITES, WITH OVER 3,400 PARTICIPANTS, PRODUCING OVER 11,000 SCIENTIFIC RESULTS. (3) MANY BRAINS HAS ALSO CONTINUED TO SUPPORT AND DISTRIBUTE THE TMB DIGITAL NEUROPSYCHOLOGY TOOLKIT, A FREE COGNITIVE TESTING TOOL DESIGNED FOR CLINICIANS. THIS TOOLKIT HAS SERVED OVER 15,000 PARTICIPANTS, GENERATING OVER 84,000 SCIENTIFIC RESULTS SINCE ITS CREATION IN 2020 IN RESPONSE TO THE GLOBAL COVID19 PANDEMIC. (4) WE CREATED, UPDATED, AND MAINTAINED A GITHUB REPOSITORY OF OUR OPEN SOURCE CODE. (5) IN LINE WITH OUR OPEN DATA MISSION, WE SHARED OUR LARGE DATASETS WITH RESEARCHERS FROM ALL OVER THE WORLD. (6) WE ENGAGED IN SPONSORED RESEARCH WITH NUMEROUS STUDIES ALL OVER THE COUNTRY, SUPPORTING PROJECTS WITH FOCUSES INCLUDING ALZHEIMER'S & RELATED DEMENTIAS, COVID19, TRAUMATIC BRAIN INJURY, EPILEPSY, ADDICTION, AND EARLY PSYCHOSIS INTERVENTION.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $35,000
Program Service Revenue $375,974
Investment Income $12,915
Other Revenue $15
TOTAL REVENUE $423,904

Expense Breakdown

Grants Paid $0
Salaries & Benefits $538,926
Fundraising Expenses $81,349
Program Expenses $470,854
Other Expenses $84,325
TOTAL EXPENSES $623,251

Year-over-Year Comparison

2024 2023 Change
Revenue $423,904 $605,461 -0.3%
Expenses $623,251 $573,040 +0.1%
Net Income $-199,347 $32,421 -7.1%
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
4
Independent Members
4
Employees
4
Volunteers
4

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA GERMINE PRESIDENT/TREASURER/DIRECT 8.00
Officer Director
$0 $0 $0
JEREMY WILMER CLERK/DIRECTOR 5.00
Officer Director
$0 $0 $0
KEN NAKAYAMA DIRECTOR 3.00
Director
$0 $0 $0
SAM ANTHONY DIRECTOR 3.00
Director
$0 $0 $0
PAOLO MARTINI HEAD OF RESEARCH & DEVELOP 40.00
Highest
$155,101 $6,204 $161,305
ROGER STRONG HEAD OF PSCYOMETRICS & DAT 40.00
Highest
$141,962 $5,753 $147,715
CORIANNA MOFFATT DIRECTOR OF PROGRAMS 40.00
Highest
$109,082 $9,045 $118,127
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
2025 $423,904 $623,251 $454,099 $-199,347
2024 $605,461 $573,040 $653,446 $32,421
2023 $739,932 $540,045 $519,885 $199,887
2022 $349,497 $267,065 $201,549 $82,432
2021 $222,980 $219,518 $90,862 $3,462
2021 $238,755 $220,605 $52,644 $18,150
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