Nonprofit · EIN 04-3015469
FOUNDATION FOR NEUROLOGIC DISEASES
Tax-exempt · NEWBURYPORT, MA 01950
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,398,981 | $4,420,902 | -$21,921 | $49,164,256 | $209,227 | $48,955,029 |
| December 31, 2023 | 990 | $2,433,483 | $4,477,745 | -$2,044,262 | $38,388,817 | $177,637 | $38,211,180 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $506,119
- Program service revenue
- $1,385,781
- Investment income
- $2,507,081
- Net gain from sales of assets
- $2,313,103
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $566,500
- Compensation of officers, directors and key employees
- $545,460
- Salaries, compensation and benefits (total)
- $578,632
- Professional fundraising fees
- $0
- Legal fees
- $15,725
- Accounting fees
- $15,170
- Occupancy
- $23,569
- Travel
- $18
- Program services (functional)
- $4,048,849
- Management and general (functional)
- $297,142
- Fundraising (functional)
- $74,911
Balance sheet and other
- Total assets, start of year
- $38,388,817
- Total assets, end of year
- $49,164,256
- Total liabilities, end of year
- $209,227
- Net assets, end of year
- $48,955,029
- Publicly traded securities
- $28,741,591
- Net assets without donor restrictions
- $47,723,067
- Net assets with donor restrictions
- $1,231,962
- Gross receipts
- $6,423,298
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dennis J Selkoe | President Trustee or director, Officer | 40 | $252,706 | $0 |
| Karen Hodge | Executive Director Officer | 40 | $181,800 | $43,954 |
| Howard L Weiner | Treasurer Trustee or director, Officer | 10 | $67,000 | $0 |
| Jon G Auerbach | Director Trustee or director | 1 | $0 | $0 |
| Andrew Bounas | Director Trustee or director | 1 | $0 | $0 |
| Joanne S Chertok | Director Trustee or director | 1 | $0 | $0 |
| Philip M Friedmann | Director Trustee or director | 1 | $0 | $0 |
| Shirley S Siff | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis J Selkoe | President Trustee or director, Officer | 40 | $252,706 |
| Karen Hodge | Executive Director Officer | 40 | $159,187 |
| Howard L Weiner | Treasurer Trustee or director, Officer | 10 | $67,000 |
| Jon G Auerbach | Director Trustee or director | 1 | $0 |
| Andrew Bounas | Director Trustee or director | 1 | $0 |
| Joanne S Chertok | Director Trustee or director | 1 | $0 |
| Philip M Friedmann | Director Trustee or director | 1 | $0 |
| Shirley S Siff | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 10 STATE ST, NEWBURYPORT, MA 01950-6604
- Principal officer (990 for 2024)
- Dennis Selkoe, 10 State Street, Newburyport, MA 01950
- Signed the 990
- Dennis Selkoe, President
- Phone
- (978) 465-0008
- Website
- WWW.FNDBoston.Org
- Return prepared by
- FRITZ DEGUGLIELMO LLC
Mission
The Foundation is dedicated to finding the cause of and providing treatments for complex, chronic diseases that prematurely destroys Brain Function. Focus is on Alzheimers Multiple Sclerosis and Parkinsons disease.
Program accomplishments
- The Foundation supports research in the causes of and treatments for Alzheimers disease.Expenses $1,213,913 · grants $92,000 · revenue $255,784
- The Foundation supports research in the causes of and treatments for Multiple Sclerosis.Expenses $2,550,913 · grants $474,500 · revenue $1,129,997
- General support for research in neurological disease.Expenses $284,023
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3015469
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H960)
- Assets (IRS master file)
- $49,164,256
- Income (IRS master file)
- $6,423,298
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,398,981 | $4,420,902 | $49,164,256 | IRS |
| 990 | December 2023 | $2,433,483 | $4,477,745 | $38,388,817 | XML |
| 990 | December 2022 | $4,406,988 | $2,853,966 | $29,946,123 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3015469).
Questions about FOUNDATION FOR NEUROLOGIC DISEASES
- What is the EIN of FOUNDATION FOR NEUROLOGIC DISEASES?
- The employer identification number (EIN) of FOUNDATION FOR NEUROLOGIC DISEASES is 04-3015469.
- Is FOUNDATION FOR NEUROLOGIC DISEASES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to FOUNDATION FOR NEUROLOGIC DISEASES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR NEUROLOGIC DISEASES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR NEUROLOGIC DISEASES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR NEUROLOGIC DISEASES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUNDATION FOR NEUROLOGIC DISEASES?
- The 990 for the year ended December 31, 2024 names Dennis Selkoe.
- Who are the officers and directors of FOUNDATION FOR NEUROLOGIC DISEASES?
- The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $252,706 (Dennis J Selkoe, President).
- How much revenue does FOUNDATION FOR NEUROLOGIC DISEASES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,398,981, expenses of $4,420,902 and total assets of $49,164,256 at year end.
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