Nonprofit · EIN 52-0701916
BRAINFUTURES INCORPORATED
Tax-exempt · LUTHERVILLE, MD 21093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,300,082 | $2,191,333 | -$891,251 | $917,810 | $94,650 | $823,160 |
| June 30, 2024 | 990 | $3,224,814 | $2,277,560 | $947,254 | $2,373,121 | $624,830 | $1,748,291 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,224,108
- of which government grants
- $843,621
- Program service revenue
- $0
- Investment income
- $75,974
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $115,350
- Compensation of officers, directors and key employees
- $159,075
- Other salaries and wages
- $729,709
- Salaries, compensation and benefits (total)
- $1,042,369
- Professional fundraising fees
- $0
- Legal fees
- $1,424
- Accounting fees
- $124,077
- Occupancy
- $13,307
- Travel
- $14,449
- Program services (functional)
- $2,034,457
- Management and general (functional)
- $145,386
- Fundraising (functional)
- $11,490
Balance sheet and other
- Total assets, start of year
- $2,373,121
- Total assets, end of year
- $917,810
- Total liabilities, end of year
- $94,650
- Net assets, end of year
- $823,160
- Net assets without donor restrictions
- $54,989
- Net assets with donor restrictions
- $768,171
- Gross receipts
- $1,300,082
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1960
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LINDA RAINES | CHIEF EXECUTIVE DIRECTOR Officer | 1 | $0 | $245,655 | $9,660 |
| RODNEY HILL | CIO (UNTIL 7/2024) Officer | 1 | $0 | $125,112 | $8,557 |
| JAZZ GLASTRA | INTERIM EXEC. DIR/OPS BRAINFUTURES Highest-paid employee | 40 | $0 | $101,354 | $15,159 |
| GEORGE KIMES | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 | $0 |
| TIM SANTONI | TREASURER/SECRETARY Trustee or director, Officer | 3 | $0 | $0 | $0 |
| HENRY HARBIN | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
| RANDAL LUTZ | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
| SUSAN MAGSAMEN | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
| JEFF RICHARDSON | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LINDA RAINES | CHIEF EXECUTIVE DIRECTOR Officer | 1 | $0 | $242,010 | $9,660 |
| TERESA FIELDS | CAO, (UNTIL 4/29/2024) Officer | 1 | $0 | $152,164 | $35,940 |
| GEORGE KIMES | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 | $0 |
| TIM SANTONI | TREASURER/SECRETARY Trustee or director, Officer | 3 | $0 | $0 | $0 |
| HENRY HARBIN | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
| RANDAL LUTZ | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
| SUSAN MAGSAMEN | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
| JEFF RICHARDSON | AT LARGE MEMBER Trustee or director | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 YORK RD STE 505, LUTHERVILLE, MD 21093-6008
- In care of
- % MENTAL HEALTH ASSOCIATION OF MARY
- Mailing address (990-N for 2015)
- 1301 York Road 505, Lutherville MD 21093
- Principal officer (990 for 2024)
- LINDA RAINES, 1301 YORK ROAD 505, LUTHERVILLE, MD 21093
- Principal officer (990-N for 2015)
- Linda Raines, 1301 York Road 505, Lutherville MD 21093
- Signed the 990
- LINDA RAINES, CHIEF EXECUTIVE OFFICER
- Phone
- (443) 901-1550
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
Mission
BRAINFUTURES PROVIDES RIGOROUS AND UNBIASED INFORMATION ABOUT BRAIN HEALTH ADVANCES RESULTING FROM BREAKTHROUGHS IN UNDERSTANDING OF BRAIN NEUROPLASTICITY, AND LEADS POLICY, REGULATORY AND REIMBURSEMENT WORK TO ENSURE EQUITABLE ACCESS TO TREATMENT ADVANCES.
Program accomplishments
- PSYCHEDELICSDEVELOPED PROFESSIONAL PRACTICE GUIDELINES AND A CODING GUIDE FOR A NEW THERAPEUTIC APPROACH TO TREAT VARIOUS BRAIN-BASED CONDITIONS INCLUDING DEPRESSION AND POST-TRAUMATIC STRESS DISORDER. EDUCATED THE PUBLIC THROUGH THE RELEASE OF PRINT MATERIALS, DIGITAL NEWSLETTERS, AND SOCIAL MEDIA, CONFERENCE PRESENTATIONS TO PROFESSIONAL AUDIENCES, AND AUTHORING ARTICLES FOR SELECT NATIONAL PUBLICATIONS. INTERVIEWED A WIDE RANGE OF STAKEHOLDERS FROM BACKGROUNDS SUCH AS COMMUNITY MENTAL HEALTH, ACADEMIA, AND PHILANTHROPY TO UNDERSTAND POTENTIAL BARRIERS TO EQUITABLE ACCESS TO PSYCHEDELIC-ASSISTED THERAPY FOR COMMUNITIES THAT ARE OFTEN UNDERSERVED BY THE HEALTHCARE SYSTEM, SUCH AS BIPOC, LGBTQ+, AND RURAL COMMUNITIES. LAID FOUNDATIONS OF A LARGER INITIATIVE TO SPARK COLLABORATION AND AMPLIFY EQUITY AND ACCESS EFFORTS IN THE PSYCHEDELIC-ASSISTED THERAPY FIELD.Expenses $1,197,514 · grants $115,350
- YOUTH EXECUTIVE FUNCTIONBRAINFUTURES IMPLEMENTS AN EVIDENCE-BASED, DIGITAL EXECUTIVE COGNITIVE FUNCTION ENHANCEMENT PROGRAM, AS A TIER 1 INTERVENTION FOR HIGH-RISK STUDENTS WITHIN ELEMENTARY AND MIDDLE SCHOOLS. THIS IS A COGNITIVE TRAINING PROGRAM THAT USES COMPUTER-BASED ACTIVITIES TO IMPROVE THE EXECUTIVE FUNCTIONS OF ATTENTION AND MEMORY AND, AS A RESULT, STUDENT ACADEMIC PERFORMANCE. IMPROVED ACADEMIC PERFORMANCE CONTRIBUTES TO HIGHER RATES OF SCHOOL CONNECTEDNESS, WHICH HAS BEEN ASSOCIATED WITH FEWER NEGATIVE MENTAL HEALTH EXPERIENCES. COMPROMISED EXECUTIVE FUNCTIONS ARE ASSOCIATED WITH ADHD, SUBSTANCE ABUSE, DEPRESSION, AND SUICIDE ATTEMPTS; STRENGTHENING EXECUTIVE FUNCTIONS CAN HELP TO PREVENT AND ADDRESS MENTAL HEALTH CHALLENGES. COMPROMISED EXECUTIVE FUNCTIONS LIMIT STUDENTS' ABILITY TO ENGAGE IN AND BENEFIT FROM NUMEROUS OTHER MENTAL HEALTH INTERVENTIONS; BY IMPROVING EXECUTIVE FUNCTION, BRAINFUTURES CAN EQUIP STUDENTS TO BENEFIT FROM OTHER MENTAL HEALTH INTERVENTIONSExpenses $836,943
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0701916
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mental health and crisis intervention (F80)
- Assets (IRS master file)
- $917,810
- Income (IRS master file)
- $1,300,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $910,469 | $1,111,220 | $1,142,913 | IRS |
| 990 | June 2022 | $1,451,052 | $849,004 | $1,562,521 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2015 Officer: Linda Raines | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about BRAINFUTURES INCORPORATED
- What is the EIN of BRAINFUTURES INCORPORATED?
- The employer identification number (EIN) of BRAINFUTURES INCORPORATED is 52-0701916.
- Is BRAINFUTURES INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to BRAINFUTURES INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRAINFUTURES INCORPORATED 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 BRAINFUTURES INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRAINFUTURES INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BRAINFUTURES INCORPORATED?
- The 990 for the year ended June 30, 2025 names LINDA RAINES.
- Who are the officers and directors of BRAINFUTURES INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does BRAINFUTURES INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,300,082, expenses of $2,191,333 and total assets of $917,810 at year end.
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All nonprofits in LUTHERVILLE · Maryland · Mental health and crisis intervention